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Segment Information
 3 Months Ended
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,
20252024
Net revenue by segment
Sleep and Breathing Health$1,169,446 $1,067,737 
Residential Care Software166,136 156,772 
Total$1,335,582 $1,224,509 
Significant segment expenses
Cost of sales
Sleep and Breathing Health$453,185 $449,451 
Residential Care Software50,823 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 Software24,962 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 assets19,777 19,074 
Restructuring expenses15,810 — 
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, net3,836 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 Software2,617 2,368 
Amortization of acquired intangible assets and corporate assets20,047 19,343 
Total$47,698 $44,730