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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of fair values of financial assets and liabilities

The fair values of our financial assets and liabilities as of June 30, 2021 and 2022 are categorized as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		June 30, 2021												June 30, 2022
​		Level 1			Level 2			Level 3			Total			Level 1			Level 2			Level 3			Total
Assets—Insurance company contracts	​	$	—	​	$	47,113	​	$	—	​	$	47,113	​	$	—	​	$	40,284	​	$	—	​	$	40,284
Liabilities—Convertible debt	​	$	—	​	$	287,500	​	$	—	​	$	287,500	​	$	—	​	$	242,302	​	$	—	​	$	242,302
Liabilities—Contingent consideration	​	$	—	​	$	—	​	$	19,431	​	$	19,431	​	$	—	​	$	—	​	$	28,212	​	$	28,212

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

​

​	​	​	​	​	​	​	​	​	​
​		2020			2021			2022
Net income available to common stockholders	​	$	75,252	​	$	74,049	​	$	115,347
Weighted average shares outstanding—basic	​		18,191	​		17,968	​		17,551
Dilutive effect of equity awards	​		409	​		420	​		319
Weighted average shares outstanding—diluted	​		18,600	​		18,388	​		17,870
Basic earnings per share	​	$	4.14	​	$	4.12	​	$	6.57
Diluted earnings per share	​	$	4.05	​	$	4.03	​	$	6.45
Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect	​	​	120	​	​	47	​	​	47

Schedule of product warranty liability

The current obligation for warranty provision is included in other accrued expenses and current liabilities and the noncurrent portion is included in other long-term liabilities in the consolidated balance sheets, whose activity for each of the three fiscal years ended June 30, 2022 is summarized in the following table (in thousands):

​

​	​	​	​
Warranty provision as of June 30, 2019		$	21,724
Warranty claims provided for/assumed in acquisition	​		7,551
Settlements made	​		(8,450)
Warranty provision as of June 30, 2020	​	$	20,825
Warranty claims provided for/assumed in acquisition	​		5,419
Settlements made	​		(6,508)
Warranty provision as of June 30, 2021	​	$	19,736
Warranty claims provided for/assumed in acquisition	​		3,474
Settlements made	​		(9,863)
Warranty provision as of June 30, 2022	​	$	13,347

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
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