Selected Balance Sheet Data (Tables)
|
9 Months Ended |
Mar. 31, 2023 |
|---|
| Notes Tables |
|
| Schedule of inventories |
Inventories consist of (in thousands):
|
|
|
|
|
|
|
|
|
March 31, |
|
June 30, |
|
|
2023 |
|
2022 |
|
|
|
|
|
|
|
Raw materials |
|
$ |
87,006 |
|
$ |
79,291 |
Finished goods(1) |
|
|
88,038 |
|
|
66,943 |
Inventories, net |
|
$ |
175,044 |
|
$ |
146,234 |
(1) Finished goods inventory of $5,580 and $5,111 included within other long-term assets in the respective March 31, 2023 and June 30, 2022, consolidated balance sheet. The inventory is included in long-term assets as it is forecasted to be sold after the 12 months subsequent to the consolidated balance sheet date.
|
| Schedule of property and equipment |
Property and equipment consist of (in thousands):
|
|
|
|
|
|
|
|
|
March 31, |
|
June 30, |
|
|
2023 |
|
2022 |
Land |
|
$ |
9,080 |
|
$ |
8,572 |
Buildings and improvements |
|
|
242,958 |
|
|
229,551 |
Machinery and equipment |
|
|
190,896 |
|
|
174,813 |
Construction in progress |
|
|
11,065 |
|
|
21,729 |
Property and equipment, cost |
|
|
453,999 |
|
|
434,665 |
Accumulated depreciation and amortization |
|
|
(230,428) |
|
|
(211,423) |
Property and equipment, net |
|
$ |
223,571 |
|
$ |
223,242 |
|
| Schedule of intangible assets |
Intangible assets consist of (in thousands):
|
|
|
|
|
|
|
|
|
March 31, |
|
June 30, |
|
|
2023 |
|
2022 |
|
|
|
|
|
|
|
Developed technology |
|
$ |
615,752 |
|
$ |
542,038 |
Trade names |
|
|
146,781 |
|
|
146,457 |
Customer relationships |
|
|
224,626 |
|
|
225,882 |
Patents |
|
|
3,716 |
|
|
3,313 |
Other intangibles |
|
|
11,560 |
|
|
6,306 |
Definite-lived intangible assets |
|
|
1,002,435 |
|
|
923,996 |
Accumulated amortization |
|
|
(471,878) |
|
|
(415,174) |
Definite-lived intangibles assets, net |
|
|
530,557 |
|
|
508,822 |
In process research and development |
|
|
22,700 |
|
|
22,700 |
Total intangible assets, net |
|
$ |
553,257 |
|
$ |
531,522 |
|
| Schedule of changes in carrying amount of net intangible assets |
Changes to the carrying amount of net intangible assets for the period ended March 31, 2023 consist of (in thousands):
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
531,522 |
Acquisitions |
|
|
75,600 |
Other additions1) |
|
|
5,596 |
Amortization expense |
|
|
(58,400) |
Currency translation |
|
|
(1,061) |
Ending balance |
|
$ |
553,257 |
|
| Schedule of estimated future amortization expense for intangible assets |
The estimated future amortization expense for intangible assets as of March 31, 2023 is as follows (in thousands):
|
|
|
|
Remainder 2023 |
|
$ |
19,190 |
2024 |
|
|
75,232 |
2025 |
|
|
71,958 |
2026 |
|
|
67,986 |
2027 |
|
|
57,824 |
Thereafter |
|
|
238,367 |
Total |
|
$ |
530,557 |
|
| Schedule of changes to the carrying amount of goodwill |
Changes to the carrying amount of goodwill for the period ended March 31, 2023 consist of (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diagnostics and |
|
|
|
|
Protein Sciences |
|
Genomics |
|
Total |
June 30, 2022 |
|
$ |
376,493 |
|
$ |
445,608 |
|
$ |
822,101 |
Acquisitions |
|
|
51,051 |
|
|
- |
|
|
51,051 |
Currency translation |
|
|
(2,710) |
|
|
100 |
|
|
(2,610) |
March 31, 2023 |
|
$ |
424,834 |
|
$ |
445,708 |
|
$ |
870,542 |
|
| Schedule of other assets |
Other assets consist of (in thousands):
|
|
|
|
|
|
|
|
|
March 31, |
|
June 30, |
|
|
2023 |
|
2022 |
|
|
|
|
|
|
|
Equity method investments |
|
$ |
257,000 |
|
$ |
— |
Other |
|
|
26,354 |
|
|
46,828 |
Other assets |
|
$ |
283,354 |
|
$ |
46,828 |
|