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Segment Information (Tables) | 12 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Revenue by Segment and Reconciling Items | The table below presents a reconciliation of net revenues, depreciation and amortization and net operating profit by reportable segments for the years ended June 30, 2024, 2023 and 2022 (in thousands):
| 2024 |  | 2023 |  | 2022
Net revenue by segment |  |  |  |  |
Sleep and Respiratory Care | $ | 4,101,172 |  |  | $ | 3,725,017 |  |  | $ | 3,177,298 |
Software as a Service | 584,125 |  |  | 497,976 |  |  | 400,829 |
Total | $ | 4,685,297 |  |  | $ | 4,222,993 |  |  | $ | 3,578,127 |
Depreciation and amortization by segment |  |  |  |  |
Sleep and Respiratory Care | $ | 86,070 |  |  | $ | 82,544 |  |  | $ | 79,367 |
Software as a Service | 10,241 |  |  | 9,119 |  |  | 7,315 |
Amortization of acquired intangible assets and corporate assets | 80,559 |  |  | 73,493 |  |  | 72,927 |
Total | $ | 176,870 |  |  | $ | 165,156 |  |  | $ | 159,609 |
Net operating profit by segment |  |  |  |  |
Sleep and Respiratory Care | $ | 1,681,354 |  |  | $ | 1,447,120 |  |  | $ | 1,279,591 |
Software as a Service (1) | 154,450 |  |  | 115,655 |  |  | 93,756 |
Total | $ | 1,835,804 |  |  | $ | 1,562,775 |  |  | $ | 1,373,347 |
Reconciling items |  |  |  |  |
Corporate costs | $ | 357,937 |  |  | $ | 338,362 |  |  | $ | 300,469 |
Amortization of acquired intangible assets | 79,484 |  |  | 72,416 |  |  | 70,728 |
Restructuring expenses | 64,228 |  |  | 9,177 |  |  | — |
Masks with magnets field safety notification expenses (2) | 6,351 |  |  | — |  |  | — |
Astral field safety notification expenses (3) | 7,911 |  |  | — |  |  | — |
Acquisition related expenses | — |  |  | 10,949 |  |  | 1,864 |
Interest expense (income), net | 45,708 |  |  | 47,379 |  |  | 22,312 |
Loss attributable to equity method investments | 1,848 |  |  | 7,265 |  |  | 8,486 |
(Gain) loss on equity investments | 4,045 |  |  | (9,922) |  |  | 12,202 |
Gain on insurance recoveries | — |  |  | (20,227) |  |  | — |
Other, net | 3,494 |  |  | 5,712 |  |  | (3,197) |
Income before income taxes | $ | 1,264,798 |  |  | $ | 1,101,664 |  |  | $ | 960,483 |
(1) During the fiscal year ended June 30, 2024, we recorded $4.1 million of operating lease right-of-use asset impairments within our SaaS segment. The impairments related to leases for office space and were recorded within net operating profit. (2) The masks with magnets field safety notification expenses relate to estimated costs to provide alternative masks to patients in response to updated contraindications for use of masks that incorporate magnets. (3) The Astral field safety notification expenses relate to estimated costs associated with the replacement of a certain component in some of our Astral ventilation devices that were manufactured between 2013 to 2019.
Schedule of Revenue by Segment, Product, and Region | The following table summarizes our net revenue disaggregated by segment, product and region for the years ended June 30, 2024, 2023 and 2022 (in thousands):
| 2024 |  | 2023 |  | 2022
U.S., Canada and Latin America |  |  |  |  |
Devices | $ | 1,522,758 |  |  | $ | 1,444,361 |  |  | $ | 1,070,420 |
Masks and other | 1,199,798 |  |  | 1,039,026 |  |  | 911,387 |
Total U.S., Canada and Latin America | $ | 2,722,556 |  |  | $ | 2,483,387 |  |  | $ | 1,981,807 |
Combined Europe, Asia and other markets |  |  |  |  |
Devices | $ | 921,253 |  |  | $ | 826,341 |  |  | $ | 796,488 |
Masks and other | 457,363 |  |  | 415,289 |  |  | 399,003 |
Total Combined Europe, Asia and other markets | $ | 1,378,616 |  |  | $ | 1,241,630 |  |  | $ | 1,195,491 |
Global revenue |  |  |  |  |
Devices | $ | 2,444,011 |  |  | $ | 2,270,702 |  |  | $ | 1,866,908 |
Masks and other | 1,657,161 |  |  | 1,454,315 |  |  | 1,310,390 |
Total Sleep and Respiratory Care | $ | 4,101,172 |  |  | $ | 3,725,017 |  |  | $ | 3,177,298 |
Software as a Service | 584,125 |  |  | 497,976 |  |  | 400,829 |
Total | $ | 4,685,297 |  |  | $ | 4,222,993 |  |  | $ | 3,578,127 |
Schedule of Revenue by Geographic Area | Revenue information by geographic area for the years ended June 30, 2024, 2023 and 2022 is summarized below (in thousands):
| 2024 |  | 2023 |  | 2022
United States | $ | 2,980,053 |  |  | $ | 2,719,923 |  |  | $ | 2,249,381 |
Rest of the World | 1,705,244 |  |  | 1,503,070 |  |  | 1,328,746 |
Total | $ | 4,685,297 |  |  | $ | 4,222,993 |  |  | $ | 3,578,127 |
Schedule of Long-Lived Assets by Geographic Areas | Long-lived assets by geographic area as of June 30, 2024 and 2023 is summarized below (in thousands):
| 2024 |  | 2023
Australia | $ | 197,017 |  |  | $ | 200,752 |
United States | 160,606 |  |  | 164,448 |
Singapore | 89,679 |  |  | 83,711 |
Rest of the World | 100,723 |  |  | 88,945 |
Total | $ | 548,025 |  |  | $ | 537,856 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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