XML 39 R8.htm IDEA: XBRL DOCUMENT
v3.20.1

Note 3 - Selected Balance Sheet Data | 9 Months Ended
--- | ---
Mar. 31, 2020
Notes to Financial Statements |
Supplemental Balance Sheet Disclosures [Text Block] | Note 3. Selected Balance Sheet Data: Inventories: Inventories consist of (in thousands):
|  | March 31, |  |  | June 30, |
|  | 2020 |  |  | 2019 |
Raw materials |  | $ | 47,263 |  |  | $ | 40,913 |
Finished goods(1) |  |  | 56,059 |  |  |  | 53,376 |
Inventories, net |  | $ | 103,322 |  |  | $ | 94,289 |
(1) Finished goods inventory of $3,649 and $3,239 is included within other long-term assets in the respective March 31, 2020 and June 30, 2019, consolidated balance sheet. The inventory is included in long-term assets as it is forecasted to be sold after the 12 months subsequent to the consolidated balance sheet date. Property and Equipment: Property and equipment consist of (in thousands):
|  | March 31, |  |  | June 30, |
|  | 2020 |  |  | 2019 |
Land |  | $ | 7,561 |  |  | $ | 7,065 |
Buildings and improvements |  |  | 182,300 |  |  |  | 175,019 |
Machinery and equipment |  |  | 141,506 |  |  |  | 124,233 |
Property and equipment, cost |  |  | 331,367 |  |  |  | 306,317 |
Accumulated depreciation |  |  | (166,355 | ) |  |  | (152,278 | )
Property and equipment, net |  | $ | 165,012 |  |  | $ | 154,039 |
Intangible Assets: Intangible assets consist of (in thousands):
|  | March 31, |  |  | June 30, |
|  | 2020 |  |  | 2019 |
Developed technology |  | $ | 434,367 |  |  | $ | 435,679 |
Trade names |  |  | 146,428 |  |  |  | 147,296 |
Customer relationships |  |  | 209,651 |  |  |  | 214,320 |
Patents |  |  | 2,377 |  |  |  | 2,133 |
Intangible assets |  |  | 792,823 |  |  |  | 799,428 |
Accumulated amortization |  |  | (262,490 | ) |  |  | (219,999 | )
Intangible assets, net |  | $ | 530,333 |  |  | $ | 579,429 |
Changes to the carrying amount of net intangible assets for the nine months ended March 31, 2020 consist of (in thousands):
Beginning balance |  | $ | 579,429 |
Acquisitions |  |  | - |
Other additions |  |  | 214 |
Amortization expense |  |  | (45,625 | )
Currency translation |  |  | (3,685 | )
Ending balance |  | $ | 530,333 |
The estimated future amortization expense for intangible assets as of March 31, 2020 is as follows (in thousands):
2020 remainder |  | $ | 15,423 |
2021 |  |  | 59,545 |
2022 |  |  | 57,335 |
2023 |  |  | 55,469 |
2024 |  |  | 53,008 |
Thereafter |  |  | 289.553 |
Total |  | $ | 530,333 |
Goodwill: Changes to the carrying amount of goodwill for the nine months ended March 31, 2020 consist of (in thousands):
|  | Protein Sciences |  |  | Diagnostics and Genomics |  |  | Total |
Beginning balance |  | $ | 377,407 |  |  |  | 355,260 |  |  | $ | 732,667 |
Acquisitions (Note 4) |  |  | - |  |  |  | - |  |  |  | - |
Prior year acquisitions/adjustments (Note 4) |  |  | (326 | ) |  |  | - |  |  |  | (326 | )
Currency translation |  |  | (6,424 | ) |  |  | (86 | ) |  |  | (6,510 | )
Ending balance |  | $ | 370,657 |  |  | $ | 355,174 |  |  | $ | 725,831 |
We evaluate the carrying value of goodwill in the fourth quarter of each fiscal year and between annual evaluations if events occur or circumstances change that would indicate a possible impairment. The Company performed a goodwill impairment assessment for all of its reporting units during the fourth quarter of fiscal 2019. No indicators of impairment were identified as part of our assessment. No triggering events were identified during the nine months ended March 31, 2020. There has been no impairment of goodwill since the adoption of Financial Accounting Standards Board (“FASB”) ASC 350 guidance for goodwill and other intangibles on July 1, 2002.

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

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration