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Segment Information | 3 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information We have quantitatively and qualitatively determined that we operate in two operating segments, which are the Sleep and Breathing Health segment and the Residential Care Software segment. The identification of operating segments is based on our internal organizational structure and the information regularly reviewed by our Chief Executive Officer, who is our Chief Operating Decision Maker (CODM). Our CODM evaluates segment performance and makes resource allocation decisions based on net revenue and net operating profit. Impacts to segment net operating profit are referenced by our CODM when deciding to enter new markets, launch new products, reinvest profits, acquire or otherwise invest in other companies, and for monitoring actual results against forecasts. The accounting policies of the segments are the same as those described in note 2 of our consolidated financial statements included in our Form 10-K for the fiscal year ended June 30, 2025. Segment net revenues 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, restructuring expenses, net interest expense (income), gains and losses attributable to equity method investments, gains and losses on equity investments, 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 September 30, |  |
| 2025 |  | 2024 |  |  |  |
Net revenue by segment |  |  |  |  |  |  |
Sleep and Breathing Health | $ | 1,169,446 |  |  | $ | 1,067,737 |  |  |  |  |
Residential Care Software | 166,136 |  |  | 156,772 |  |  |  |  |
Total | $ | 1,335,582 |  |  | $ | 1,224,509 |  |  |  |  |
Significant segment expenses |  |  |  |  |  |  |
Cost of sales |  |  |  |  |  |  |
Sleep and Breathing Health | $ | 453,185 |  |  | $ | 449,451 |  |  |  |  |
Residential Care Software | 50,823 |  |  | 48,308 |  |  |  |  |
Total | $ | 504,008 |  |  | $ | 497,759 |  |  |  |  |
Selling, general, and administrative |  |  |  |  |  |  |
Sleep and Breathing Health | $ | 134,734 |  |  | $ | 109,413 |  |  |  |  |
Residential Care Software | 36,333 |  |  | 36,627 |  |  |  |  |
Total | $ | 171,067 |  |  | $ | 146,040 |  |  |  |  |
Research and development |  |  |  |  |  |  |
Sleep and Breathing Health | $ | 50,903 |  |  | $ | 47,898 |  |  |  |  |
Residential Care Software | 24,962 |  |  | 24,216 |  |  |  |  |
Total | $ | 75,865 |  |  | $ | 72,114 |  |  |  |  |
Net operating profit by segment |  |  |  |  |  |  |
Sleep and Breathing Health | $ | 530,624 |  |  | $ | 460,975 |  |  |  |  |
Residential Care Software | 54,018 |  |  | 47,621 |  |  |  |  |
Total | $ | 584,642 |  |  | $ | 508,596 |  |  |  |  |
Reconciling items |  |  |  |  |  |  |
Corporate costs | $ | 102,518 |  |  | $ | 102,210 |  |  |  |  |
Amortization of acquired intangible assets | 19,777 |  |  | 19,074 |  |  |  |  |
Restructuring expenses | 15,810 |  |  | — |  |  |  |  |
Interest (income) expense, net | (8,793) |  |  | 1,661 |  |  |  |  |
(Gain) Loss attributable to equity method investments | (1,489) |  |  | (963) |  |  |  |  |
Loss on equity investments | 6,190 |  |  | 680 |  |  |  |  |
Other, net | 3,836 |  |  | 2,437 |  |  |  |  |
Income before income taxes | $ | 446,793 |  |  | $ | 383,497 |  |  |  |  |
Depreciation and amortization by segment |  |  |  |  |  |  |
Sleep and Breathing Health | $ | 25,034 |  |  | $ | 23,019 |  |  |  |  |
Residential Care Software | 2,617 |  |  | 2,368 |  |  |  |  |
Amortization of acquired intangible assets and corporate assets | 20,047 |  |  | 19,343 |  |  |  |  |
Total | $ | 47,698 |  |  | $ | 44,730 |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. 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