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Subsequent Events
3 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In July 2025, the Company executed a definitive agreement to acquire all outstanding shares of Pathway Medical Inc., an AI-based medical knowledge platform, for cash consideration of $26 million. The acquisition closed and the cash consideration was transferred on the same day. In conjunction with the acquisition, the Company also issued restricted stock unit awards valued at approximately $37 million to certain individuals joining the company, which are subject to service and/or performance vesting conditions.
In July 2025, the Compensation Committee of the Board of Directors approved an equity award pool of $30 million, subject to both performance-based and service-based vesting conditions. Participants can earn up to 300% of the original pool. Out of the pool, $20 million worth of PSUs have been granted.
In July 2025, Congress passed and the President signed into law H.R. 1, the One Big Beautiful Bill Act ("Tax Act") which addresses certain business tax provisions enacted as a part of the 2017 Tax Cuts and Jobs Act including restoration of Section 174 expensing for US-based research. Accounting Standards Codification Topic 740, Income Taxes, (“Topic 740”) requires the tax impacts to be included in the reporting period that includes the date the Tax Act was signed into law. As the Tax Act was enacted in the second quarter of FY26, management is currently evaluating the impact of the tax law changes but we do not expect there to be any material impact to the overall tax expense or effective tax rate for the year. Management is currently evaluating the impact of the Tax Act on future cash taxes.