XML 13 R9.htm IDEA: XBRL DOCUMENT
v3.20.1

Segment Information | 9 Months Ended
--- | ---
Mar. 31, 2020
Segment Information [Abstract] |
Segment Information | (2) Segment Information We have quantitatively and qualitatively determined that we operate in two operating segments, which are the Sleep and Respiratory Care segment and the SaaS segment. We evaluate the performance of our segments based on net sales and income from operations. The accounting policies of the segments are the same as those described in note 1 of our consolidated financial statements included in our Form 10-K for the year ended June 30, 2019. Segment net sales and segment income from operations do not include inter-segment profits and revenue is allocated to a geographic area based on where the products are shipped to or where the services are performed. Certain items are maintained at the corporate level and are not allocated to the segments. The non-allocated items include corporate headquarters costs, stock-based compensation, amortization expense from acquired intangibles, acquisition related expenses, interest income, interest expense and other, net. We neither discretely allocate assets to our operating segments, nor does our Chief Operating Decision Maker evaluate the operating segments using discrete asset information. The table below presents a reconciliation of net revenues and net operating profit by reportable segments (in thousands):
|  | Three Months Ended ‎March 31, |  | Nine Months Ended ‎March 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Revenue by segment |  |  |  |  |  |  |  |  |  |  |  |
Total Sleep and Respiratory Care |  | $ | 679,895 |  | $ | 582,286 |  | $ | 1,923,513 |  | $ | 1,710,994
Software as a Service |  |  | 89,560 |  |  | 82,196 |  |  | 265,258 |  |  | 194,897
Deferred revenue fair value adjustment |  |  | - |  |  | (2,254) |  |  | (2,102) |  |  | (4,283)
Total Software as a Service |  |  | 89,560 |  |  | 79,942 |  |  | 263,156 |  |  | 190,614
Total |  | $ | 769,455 |  | $ | 662,228 |  | $ | 2,186,669 |  | $ | 1,901,608
Net operating profit by segment |  |  |  |  |  |  |  |  |  |  |  |
Sleep and Respiratory Care |  | $ | 250,209 |  | $ | 190,203 |  | $ | 678,468 |  | $ | 562,490
Software as a Service |  |  | 18,738 |  |  | 20,457 |  |  | 63,874 |  |  | 52,737
Total |  | $ | 268,947 |  | $ | 210,660 |  | $ | 742,342 |  | $ | 615,227
Reconciling items |  |  |  |  |  |  |  |  |  |  |  |
Corporate costs |  | $ | 31,039 |  | $ | 28,635 |  | $ | 94,933 |  | $ | 95,133
Amortization of acquired intangible assets |  |  | 20,408 |  |  | 22,794 |  |  | 59,495 |  |  | 51,501
Litigation settlement expenses |  |  | - |  |  | - |  |  | (600) |  |  | -
Acquisition related expenses |  |  | - |  |  | - |  |  | - |  |  | 6,123
Deferred revenue fair value adjustment |  |  | - |  |  | 2,254 |  |  | 2,102 |  |  | 4,283
Interest income |  |  | (116) |  |  | (415) |  |  | (766) |  |  | (2,014)
Interest expense |  |  | 9,968 |  |  | 12,413 |  |  | 31,180 |  |  | 23,608
Loss attributable to equity method investments |  |  | 5,295 |  |  | 5,996 |  |  | 19,082 |  |  | 9,371
Other, net |  |  | 10,698 |  |  | 1,054 |  |  | 15,922 |  |  | 4,140
Income before income taxes |  | $ | 191,655 |  | $ | 137,929 |  | $ | 520,994 |  | $ | 423,082

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration