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v3.23.1

Selected Balance Sheet Data | 9 Months Ended
--- | ---
Mar. 31, 2023
Notes to Financial Statements |
Selected Balance Sheet Data | Note 3. Selected Balance Sheet Data: Inventories: Inventories consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, | ​ | June 30,
​ |  | 2023 |  | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​
Raw materials | ​ | $ | 87,006 | ​ | $ | 79,291
Finished goods(1) | ​ |  | 88,038 | ​ |  | 66,943
Inventories, net | ​ | $ | 175,044 | ​ | $ | 146,234
​ (1) Finished goods inventory of $5,580 and $5,111 included within other long-term assets in the respective March 31, 2023 and June 30, 2022, 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,
​ |  | 2023 |  | 2022
Land | ​ | $ | 9,080 | ​ | $ | 8,572
Buildings and improvements | ​ |  | 242,958 | ​ |  | 229,551
Machinery and equipment | ​ | ​ | 190,896 | ​ | ​ | 174,813
Construction in progress | ​ |  | 11,065 | ​ |  | 21,729
Property and equipment, cost | ​ |  | 453,999 | ​ |  | 434,665
Accumulated depreciation and amortization | ​ |  | (230,428) | ​ |  | (211,423)
Property and equipment, net | ​ | $ | 223,571 | ​ | $ | 223,242
​ Intangible Assets: Intangible assets consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | June 30,
​ | ​ | 2023 | ​ | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​
Developed technology | ​ | $ | 615,752 | ​ | $ | 542,038
Trade names | ​ |  | 146,781 | ​ |  | 146,457
Customer relationships | ​ |  | 224,626 | ​ |  | 225,882
Patents | ​ |  | 3,716 | ​ |  | 3,313
Other intangibles | ​ |  | 11,560 | ​ |  | 6,306
Definite-lived intangible assets | ​ |  | 1,002,435 | ​ |  | 923,996
Accumulated amortization | ​ |  | (471,878) | ​ |  | (415,174)
Definite-lived intangibles assets, net | ​ |  | 530,557 | ​ |  | 508,822
In process research and development | ​ |  | 22,700 | ​ |  | 22,700
Total intangible assets, net | ​ | $ | 553,257 | ​ | $ | 531,522
​ ​ Changes to the carrying amount of net intangible assets for the period ended March 31, 2023 consist of (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | ​ | ​
Beginning balance | ​ | $ | 531,522
Acquisitions | ​ |  | 75,600
Other additions1) | ​ |  | 5,596
Amortization expense | ​ |  | (58,400)
Currency translation | ​ | ​ | (1,061)
Ending balance | ​ | $ | 553,257
​ 1) Includes the purchase of a $4.6 million intangible asset from Wilson Wolf, an equity method investee of the Company, during the quarter ended March 31, 2023. This asset will be amortized over a life of 10 years. ​ The estimated future amortization expense for intangible assets as of March 31, 2023 is as follows (in thousands): ​
​ | ​ | ​ | ​
Remainder 2023 |  | $ | 19,190
2024 | ​ |  | 75,232
2025 | ​ |  | 71,958
2026 | ​ |  | 67,986
2027 | ​ |  | 57,824
Thereafter | ​ |  | 238,367
Total | ​ | $ | 530,557
​ Goodwill: ​ Changes to the carrying amount of goodwill for the period ended March 31, 2023 consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Diagnostics and |  | ​
​ | ​ | Protein Sciences | ​ | Genomics | ​ | Total
June 30, 2022 | ​ | $ | 376,493 | ​ | $ | 445,608 | ​ | $ | 822,101
Acquisitions | ​ |  | 51,051 | ​ | ​ | - | ​ | ​ | 51,051
Currency translation | ​ |  | (2,710) | ​ | ​ | 100 | ​ | ​ | (2,610)
March 31, 2023 | ​ | $ | 424,834 | ​ | $ | 445,708 | ​ | $ | 870,542
​ 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 2022. No indicators of impairment were identified as part of our assessment. ​ Other Assets: ​ Other assets consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, | ​ | June 30,
​ |  | 2023 |  | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​
Equity method investments | ​ | $ | 257,000 | ​ | $ | —
Other | ​ |  | 26,354 | ​ |  | 46,828
Other assets | ​ | $ | 283,354 | ​ | $ | 46,828
​

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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