| Supplemental Balance Sheet and Cash Flow Information |
Note 3. Selected Balance Sheet Data:
Inventories:
Inventories consist of (in thousands):
|
|
|
|
|
|
|
|
|
|
September 30, |
|
June 30, |
|
|
|
2024 |
|
2024 |
|
|
|
|
|
|
|
|
|
Raw materials |
|
$ |
81,786 |
|
$ |
79,377 |
|
Finished goods(1) |
|
|
108,811 |
|
|
106,072 |
|
Inventories, net |
|
$ |
190,597 |
|
$ |
185,449 |
|
(1) Finished goods inventory of $5,556 and $5,718 is included within Other Assets in the September 30, 2024 and June 30, 2024, Consolidated Balance Sheets, respectively, as it is forecasted to be sold after the 12 months subsequent to the consolidated balance sheet date.
Property and Equipment:
Property and equipment consist of (in thousands):
|
|
|
|
|
|
|
|
|
|
September 30, |
|
June 30, |
|
|
|
2024 |
|
2024 |
|
Land |
|
$ |
8,161 |
|
$ |
8,150 |
|
Buildings and improvements |
|
|
250,206 |
|
|
243,863 |
|
Machinery and equipment |
|
|
228,648 |
|
|
215,948 |
|
Construction in progress |
|
|
32,186 |
|
|
39,749 |
|
Property and equipment, cost |
|
|
519,201 |
|
|
507,710 |
|
Accumulated depreciation and amortization |
|
|
(265,262) |
|
|
(256,556) |
|
Property and equipment, net |
|
$ |
253,939 |
|
$ |
251,154 |
|
Intangible Assets:
Intangible assets consist of (in thousands):
|
|
|
|
|
|
|
|
|
|
September 30, |
|
June 30, |
|
|
|
2024 |
|
2024 |
|
|
|
|
|
|
|
|
|
Developed technology |
|
$ |
680,747 |
|
$ |
675,674 |
|
Tradenames |
|
|
152,341 |
|
|
151,561 |
|
Customer relationships |
|
|
212,011 |
|
|
211,276 |
|
Patents |
|
|
4,552 |
|
|
4,343 |
|
Other intangibles |
|
|
7,176 |
|
|
12,006 |
|
Definite-lived intangible assets |
|
|
1,056,827 |
|
|
1,054,860 |
|
Accumulated amortization |
|
|
(570,823) |
|
|
(547,779) |
|
Total intangible assets, net |
|
$ |
486,004 |
|
$ |
507,081 |
|
Changes to the carrying amount of net intangible assets for the period ended September 30, 2024 consist of (in thousands):
|
|
|
|
|
|
September 30, |
|
|
2024 |
|
|
|
|
Beginning balance |
|
$ |
507,081 |
Other additions |
|
|
112 |
Amortization expense |
|
|
(20,040) |
Restructuring impairment |
|
|
(5,474) |
Currency translation |
|
|
4,325 |
Ending balance |
|
$ |
486,004 |
The estimated future amortization expense for intangible assets as of September 30, 2024 is as follows (in thousands):
|
|
|
|
Remainder 2025 |
|
$ |
59,111 |
2026 |
|
|
72,743 |
2027 |
|
|
62,540 |
2028 |
|
|
58,821 |
2029 |
|
|
46,200 |
Thereafter |
|
|
186,589 |
Total |
|
$ |
486,004 |
Goodwill:
Changes to the carrying amount of goodwill for the period ended September 30, 2024 consist of (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diagnostics and |
|
|
|
|
Protein Sciences |
|
Spatial Biology |
|
Total |
June 30, 2024 |
|
$ |
423,449 |
|
$ |
549,214 |
|
$ |
972,663 |
Currency translation |
|
|
3,042 |
|
|
6,880 |
|
|
9,922 |
September 30, 2024 |
|
$ |
426,491 |
|
$ |
556,094 |
|
$ |
982,585 |
We evaluate the carrying value of goodwill in the fourth quarter of each fiscal year and between annual evaluations if events occur or circumstances change that would indicate a possible impairment. The Company performed a qualitative goodwill impairment assessment for all of its reporting units during the fourth quarter of fiscal 2024. No indicators of impairment were identified as part of our assessment.
Other assets:
Other assets consist of (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
June 30, |
|
|
2024 |
|
2024 |
|
|
|
|
|
|
|
Equity method investment in Wilson Wolf |
|
$ |
241,308 |
|
$ |
242,337 |
Derivative instruments |
|
|
6,669 |
|
|
9,813 |
Long-term inventory |
|
|
5,556 |
|
|
5,718 |
Investment in Spear Bio |
|
|
15,000 |
|
|
— |
Other |
|
|
7,168 |
|
|
6,397 |
Other assets |
|
$ |
275,701 |
|
$ |
264,265 |
|