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Acquisitions (Tables) | 12 Months Ended
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Jun. 30, 2024
Lunaphore Technologies SA. |
Notes Tables |
Schedule of the aggregate purchase price of the acquisitions that was allocated to the assets acquired and liabilities assumed | The fair values of the assets acquired and liabilities assumed as of the acquisition date and the updated final amounts as of June 30, 2024 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ |  | ​
​ | Preliminary allocation at acquisition date | ​ | Adjustments to fair value | ​ | Final allocation at June 30, 2024
Current assets | $ | 12,512 | ​ | $ | (357) | ​ | $ | 12,155
Equipment and other long-term assets |  | 1,470 | ​ | ​ | ​ | ​ |  | 1,470
Intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Developed technologies |  | 60,300 | ​ | ​ | ​ | ​ |  | 60,300
Tradenames |  | 4,900 | ​ | ​ | ​ | ​ |  | 4,900
Customer relationships |  | 1,200 | ​ | ​ | ​ | ​ |  | 1,200
Goodwill |  | 102,560 | ​ | ​ | 2,090 | ​ |  | 104,650
Total assets acquired |  | 182,942 | ​ | ​ | 1,733 | ​ |  | 184,675
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities |  | 7,096 | ​ | ​ | ​ | ​ |  | 7,096
Deferred income taxes, net |  | 5,768 | ​ | ​ | 2,104 | ​ |  | 7,872
Net assets acquired | $ | 170,078 | ​ | $ | (371) | ​ | $ | 169,707
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid |  | 166,426 | ​ | ​ | 3,281 | ​ |  | 169,707
Estimated Net Working Capital | ​ | 3,652 | ​ | ​ | (3,652) | ​ | ​ | —
Net assets acquired | $ | 170,078 | ​ | $ | (371) | ​ | $ | 169,707
Namocell Inc |
Notes Tables |
Schedule of the aggregate purchase price of the acquisitions that was allocated to the assets acquired and liabilities assumed | Net sales and operating loss of this business included in Bio-Techne's consolidated results of operations for the twelve months ended June 30, 2023 were approximately $6.4 million and $9.3 million, respectively. The fair values of the assets acquired and liabilities assumed as of the acquisition date and the updated final amounts as of June 30, 2023 are as follows (in thousands): ​
​ | ​ | ​ | ​
​ |  | ​
​ | ​ | Namocell Inc
Current assets, net of cash | ​ | $ | 3,248
Equipment and other long-term assets | ​ |  | 405
Intangible assets: | ​ |  |
Developed technology | ​ |  | 73,900
Trade name | ​ |  | 700
Customer relationships | ​ |  | 900
Non-competition agreement | ​ | ​ | 100
Goodwill | ​ |  | 51,257
Total assets acquired | ​ |  | 130,510
​ | ​ | ​ | ​
Liabilities | ​ |  | 546
Deferred income taxes, net | ​ |  | 18,180
Net assets acquired | ​ | $ | 111,784
​ | ​ | ​ | ​
Cash paid, net of cash acquired | ​ |  | 101,184
Additional consideration | ​ |  | 10,600
Net assets acquired | ​ | $ | 111,784

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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