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Note 3 - Selected Balance Sheet Data | 3 Months Ended
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Sep. 30, 2021
Notes to Financial Statements |
Supplemental Balance Sheet Disclosures [Text Block] | Note 3. Selected Balance Sheet Data: Inventories: Inventories consist of (in thousands):
|  | September 30, |  |  | June 30, |
|  | 2021 |  |  | 2021 |
Raw materials |  | $ | 58,001 |  |  | $ | 55,096 |
Finished goods(1) |  |  | 64,740 |  |  |  | 67,108 |
Inventories, net |  | $ | 122,741 |  |  | $ | 122,204 |
(1) Finished goods inventory of $5,375 and $5,456 included within other long-term assets in the respective September 30, 2021 and June 30, 2021, 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):
|  | September 30, |  |  | June 30, |
|  | 2021 |  |  | 2021 |
Land |  | $ | 8,586 |  |  | $ | 8,612 |
Buildings and improvements |  |  | 191,284 |  |  |  | 190,661 |
Machinery and equipment |  |  | 202,792 |  |  |  | 198,483 |
Property and equipment, cost |  |  | 402,662 |  |  |  | 397,756 |
Accumulated depreciation and amortization |  |  | (195,528 | ) |  |  | (189,849 | )
Property and equipment, net |  | $ | 207,134 |  |  | $ | 207,907 |
Intangible Assets: Intangible assets consist of (in thousands):
|  | September 30, |  |  | June 30, |
|  | 2021 |  |  | 2021 |
Developed technology |  | $ | 551,289 |  |  | $ | 552,160 |
Trade names |  |  | 147,245 |  |  |  | 147,640 |
Customer relationships |  |  | 230,695 |  |  |  | 232,493 |
Patents |  |  | 2,989 |  |  |  | 2,926 |
Other intangibles |  |  | 6,309 |  |  |  | 6,316 |
Definite-lived intangible assets |  |  | 938,527 |  |  |  | 941,535 |
Accumulated amortization |  |  | (364,927 | ) |  |  | (348,267 | )
Definite-lived intangibles assets, net |  |  | 573,600 |  |  |  | 593,268 |
In process research and development |  |  | 22,700 |  |  |  | 22,700 |
Total intangible assets, net |  | $ | 596,300 |  |  | $ | 615,968 |
Changes to the carrying amount of net intangible assets for the quarter ended September 30, 2021 consist of (in thousands):
Beginning balance |  | $ | 615,968 |
Acquisitions |  |  | - |
Other additions |  |  | 43 |
Amortization expense |  |  | (18,606 | )
Currency translation |  |  | (1,105 | )
Ending balance |  | $ | 596,300 |
The estimated future amortization expense for intangible assets as of September 30, 2021 is as follows (in thousands):
2022 remainder |  | $ | 55,714 |
2023 |  |  | 72,454 |
2024 |  |  | 69,618 |
2025 |  |  | 66,372 |
2026 |  |  | 62,606 |
Thereafter |  |  | 246,836 |
Total |  | $ | 573,600 |
Goodwill: Changes to the carrying amount of goodwill for the quarter ended September 30, 2021 consist of (in thousands):
|  | Protein Sciences |  |  | Diagnostics and Genomics |  |  | Total |
Beginning balance |  | $ | 392,717 |  |  |  | 450,350 |  |  | $ | 843,067 |
Currency translation |  |  | (2,979 | ) |  |  | (68 | ) |  |  | (3,047 | )
Ending balance |  | $ | 389,738 |  |  | $ | 450,282 |  |  | $ | 840,020 |
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 quantitative goodwill impairment assessment for all of its reporting units during the fourth quarter of fiscal 2021. No indicators of impairment were identified as part of our assessment. During the quarter ended September 30, 2021, the Company combined the management of the Exosome and Asuragen reporting units, both of which are included in the Diagnostics and Genomics operating segment. In conjunction with the combination of the reporting units, a qualitative goodwill impairment assessment was performed. The qualitative assessment identified no indicators of impairment. No triggering events or items beyond the reporting unit combination that would require a goodwill impairment assessment were identified during the quarter ended September 30, 2021. 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.

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- 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
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