XML 57 R39.htm IDEA: XBRL DOCUMENT
v3.22.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2022
Income Tax Disclosure [Abstract] |
Schedule Of Income Before Income Taxes Under The Jurisdictions | Income before income taxes for the years ended June 30, 2022, 2021 and 2020, was taxed under the following jurisdictions (in thousands):
| 2022 |  | 2021 |  | 2020
U.S. | $ | (85,919) |  |  | $ | 71,867 |  |  | $ | 60,548 |
Non-U.S. | 1,046,402 |  |  | 811,795 |  |  | 672,540 |
Income before income taxes | $ | 960,483 |  |  | $ | 883,662 |  |  | $ | 733,088 |
Schedule Of Provision For Income Taxes | The provision for income taxes is presented below (in thousands):
|  | 2022 |  | 2021 |  | 2020
Current: | Federal | $ | 4,376 |  |  | $ | (115,109) |  |  | $ | 9,790 |
| State | 10,700 |  |  | 9,041 |  |  | 6,898 |
| Non-U.S. | 177,788 |  |  | 531,812 |  |  | 124,602 |
|  | 192,864 |  |  | 425,744 |  |  | 141,290 |
Deferred: | Federal | (12,612) |  |  | (22,791) |  |  | (13,000) |
| State | (2,773) |  |  | (4,205) |  |  | (3,335) |
| Non-U.S. | 3,567 |  |  | 10,409 |  |  | (13,541) |
|  | (11,818) |  |  | (16,587) |  |  | (29,876) |
Provision for income taxes |  | $ | 181,046 |  |  | $ | 409,157 |  |  | $ | 111,414 |
Schedule Of Provision For Income Tax Differ From The Amount Of Income Tax | The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. federal income tax rate of 21% for the years ended June 30, 2022, 2021 and 2020, to pretax income as a result of the following (in thousands):
| 2022 |  | 2021 |  | 2020
Taxes computed at statutory U.S. rate | $ | 201,701 |  |  | $ | 185,569 |  |  | $ | 153,949 |
Increase (decrease) in income taxes resulting from: |  |  |  |  |
State income taxes, net of U.S. tax benefit | 5,703 |  |  | 4,836 |  |  | 3,563 |
Research and development credit | (17,517) |  |  | (20,257) |  |  | (13,595) |
Change in valuation allowance | 858 |  |  | (3,785) |  |  | 7,216 |
Effect of non-U.S. tax rates | (4,384) |  |  | (12,130) |  |  | (20,935) |
Foreign tax credits | (2,299) |  |  | (7,210) |  |  | (4,026) |
Stock-based compensation expense | (11,294) |  |  | (4,498) |  |  | (20,696) |
Uncertain tax position | — |  |  | 248,773 |  |  | — |
Other | 8,278 |  |  | 17,859 |  |  | 5,938 |
Provision for income taxes | $ | 181,046 |  |  | $ | 409,157 |  |  | $ | 111,414 |
Schedule Of Deferred Tax Assets And Liabilities Classified As Current And Non-Current | We reported net deferred tax assets and liabilities in our consolidated balance sheets at June 30, 2022 and June 30, 2021, as follows (in thousands):
| 2022 |  | 2021
Non-current deferred tax asset | $ | 79,746 |  |  | $ | 79,904 |
Non-current deferred tax liability | (9,714) |  |  | (11,319) |
Net deferred tax asset | $ | 70,032 |  |  | $ | 68,585 |
Components Of Deferred Tax Assets And Liabilities | The components of our deferred tax assets and liabilities at June 30, 2022 and June 30, 2021, are as follows (in thousands):
| 2022 |  | 2021
Deferred tax assets: |  |  |
Employee liabilities | $ | 28,556 |  |  | $ | 30,080 |
Tax credit carry overs | 7,723 |  |  | 13,753 |
Inventories | 10,570 |  |  | 11,734 |
Provision for warranties | 4,814 |  |  | 4,149 |
Provision for doubtful debts | 5,096 |  |  | 7,334 |
Net operating loss carryforwards | 27,490 |  |  | 33,377 |
Capital loss carryover | 4,715 |  |  | 6,912 |
Stock-based compensation expense | 6,425 |  |  | 6,080 |
Deferred revenue | 25,748 |  |  | 17,839 |
Research and development capitalization | 82,074 |  |  | 58,789 |
Lease liabilities | 21,702 |  |  | 25,751 |
Other | (3,395) |  |  | (4,911) |
| 221,518 |  |  | 210,887 |
Less valuation allowance | (13,572) |  |  | (13,106) |
Deferred tax assets | 207,946 |  |  | 197,781 |
Deferred tax liabilities: |  |  |
Goodwill and other intangibles | (108,078) |  |  | (104,563) |
Right of use assets | (20,345) |  |  | (23,693) |
Property, plant and equipment | (9,491) |  |  | (940) |
Deferred tax liabilities | (137,914) |  |  | (129,196) |
Net deferred tax asset | $ | 70,032 |  |  | $ | 68,585 |

X
- Definition Components Of Net Deferred Income Tax Assets and Liabilities [Table Text Block] + References No definition available. + Details
Name: | rmd_ComponentsOfNetDeferredIncomeTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | rmd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration