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Note 8 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
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Sep. 30, 2021
Notes to Financial Statements |
Comprehensive Income (Loss) Note [Text Block] | Note 8. Supplemental Equity and Accumulated Other Comprehensive Income (Loss): Supplemental Equity The Company has declared cash dividends per share of $0.32 in both the three months ended September 30, 2021 and 2020. Consolidated Changes in Equity (amounts in thousands)
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Additional |  |  |  |  |  |  | Other |  |  |  |  |  |  |  |  |
|  | Common Stock |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  | Non-Controlling |  |  |  |  |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income(Loss) |  |  | Interest |  |  | Total |
Balances at June 30, 2021 |  |  | 38,955 |  |  | $ | 390 |  |  | $ | 534,411 |  |  | $ | 1,085,461 |  |  | $ | (57,291 | ) |  | $ | 8,263 |  |  | $ | 1,571,234 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 69,615 |  |  |  |  |  |  |  | (634 | ) |  |  | 68,981 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,925 | ) |  |  | (39 | ) |  |  | (6,964 | )
Common stock issued for exercise of options |  |  | 295 |  |  |  | 3 |  |  |  | 36,345 |  |  |  | (13,481 | ) |  |  |  |  |  |  |  |  |  |  | 22,867 |
Common stock issued for restricted stock awards |  |  | 20 |  |  |  | 0 |  |  |  | 0 |  |  |  | (9,765 | ) |  |  |  |  |  |  |  |  |  |  | (9,765 | )
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,493 | ) |  |  |  |  |  |  |  |  |  |  | (12,493 | )
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 11,396 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,396 |
Common stock issued to employee stock purchase plan |  |  | 3 |  |  |  | 0 |  |  |  | 1,358 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,358 |
Employee stock purchase plan expense |  |  |  |  |  |  |  |  |  |  | 341 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 341 |
Balances at September 30, 2021 |  |  | 39,273 |  |  | $ | 393 |  |  | $ | 583,851 |  |  | $ | 1,119,337 |  |  | $ | (64,216 | ) |  | $ | 7,590 |  |  | $ | 1,646,955 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Additional |  |  |  |  |  |  | Other |  |  |  |  |
|  | Common Stock |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  |  |  |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income(Loss) |  |  | Total |
Balances at June 30, 2020 |  |  | 38,453 |  |  | $ | 385 |  |  | $ | 420,536 |  |  | $ | 1,057,470 |  |  | $ | (97,199 | ) |  | $ | 1,381,192 |
Cumulative effect adjustments due to adoption of new accounting standards and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (276 | ) |  |  |  |  |  |  | (276 | )
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 33,395 |  |  |  |  |  |  |  | 33,395 |
Other comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14,057 |  |  |  | 14,057 |
Common stock issued for exercise of options |  |  | 117 |  |  |  | 1 |  |  |  | 13,727 |  |  |  |  |  |  |  |  |  |  |  | 13,728 |
Common stock issued for restricted stock awards |  |  | 25 |  |  |  | 0 |  |  |  |  |  |  |  | (4,890 | ) |  |  |  |  |  |  | (4,890 | )
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,336 | ) |  |  |  |  |  |  | (12,336 | )
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 12,667 |  |  |  |  |  |  |  |  |  |  |  | 12,667 |
Common stock issued to employee stock purchase plan |  |  | 6 |  |  |  | 0 |  |  |  | 1,463 |  |  |  |  |  |  |  |  |  |  |  | 1,463 |
Employee stock purchase plan expense |  |  |  |  |  |  |  |  |  |  | 286 |  |  |  |  |  |  |  |  |  |  |  | 286 |
Balances at September 30, 2020 |  |  | 38,601 |  |  | $ | 386 |  |  | $ | 448,679 |  |  | $ | 1,073,362 |  |  | $ | (83,142 | ) |  | $ | 1,439,285 |
Accumulated Other Comprehensive Income The components of other comprehensive income (loss) consist of changes in foreign currency translation adjustments and changes in net unrealized gains (losses) on derivative instruments designated as cash flow hedges. The Company reclassified $1.6 million from accumulated other comprehensive income (loss) to earnings during the three months ended September 30, 2021. The accumulated balances related to each component of other comprehensive income (loss), net of tax, are summarized as follows:
|  | Unrealized Gains (Losses) on Derivative Instruments |  |  | Foreign Currency Translation Adjustments |  |  | Total |
Balance as of June 30, 2021 |  | $ | (6,193 | ) |  | $ | (51,098 | ) |  | $ | (57,291 | )
Other comprehensive income (loss) before reclassifications, net of taxes, attributable to Bio-Techne |  |  | 84 |  |  |  | (8,607 | ) |  |  | (8,523 | )
Reclassification from loss on derivatives to interest expense, net of taxes, attributable to Bio-Techne(1) |  |  | 1,598 |  |  |  | - |  |  |  | 1,598 |
Balance as of September 30, 2021(2) |  | $ | (4,511 | ) |  | $ | (59,705 | ) |  | $ | (64,216 | )
|  | Unrealized Gains (Losses) on Derivative Instruments |  |  | Foreign Currency Translation Adjustments |  |  | Total |
Balance as of June 30, 2020 |  | $ | (13,253 | ) |  | $ | (83,946 | ) |  | $ | (97,199 | )
Other comprehensive income (loss), net of tax before reclassifications, attributable to Bio-Techne |  |  | 11 |  |  |  | 11,914 |  |  |  | 11,925 |
Reclassification from loss on derivatives to interest expense, net of taxes, attributable to Bio-Techne (3) |  |  | 2,132 |  |  |  | - |  |  |  | 2,132 |
Balance as of September 30, 2020(2) |  | $ | (11,110 | ) |  | $ | (72,032 | ) |  | $ | (83,142 | )
(1) Gains (losses) on the interest swap are reclassified into interest expense as payments on the derivative agreement are made. The Company reclassified ($2,091) to interest expense and a related tax benefit of $493 during the quarter ended September 30, 2021. (2) The Company had net deferred tax benefits of $1,391 and $3,413 included in the accumulated other comprehensive income loss as of September 30, 2021 and 2020, respectively. (3) Gains (losses) on the interest swap are reclassified into interest expense as payments on the derivative agreement are made. The Company reclassified ($2,769) to interest expense and a related tax benefit of $637 during the quarter ended September 30, 2020.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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