XML 520 R31.htm IDEA: XBRL DOCUMENT v3.23.2
Subsequent Events
12 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 28, 2023, the Company entered into the Plantweb Optics Analytics Assignment and License Agreement with Emerson for the purchase of Emerson’s Plantweb Optics Analytics software and the perpetual and royalty-free licensing of other Emerson intellectual property for $12.5 million, paid on July 28, 2023.

On August 1, 2023, the Company announced that its Board of Directors approved a share repurchase authorization (the “Share Repurchase Authorization”), pursuant to which the Company may repurchase up to $300.0 million in the aggregate of the Company’s outstanding shares of common stock, by means of open market transactions, block transactions, privately negotiated purchase transactions or any other purchase techniques, including 10b5-1 trading plans. The Share Repurchase Authorization will commence after the conclusion of the Company’s ASR Program.

On August 1, 2023, the Company announced the termination of the agreement to purchase Micromine. See Note 1, “Organization and Basis of Presentation” for further information.

On August 7, 2023, the Company settled the ASR Program. See Note 15, “Stock Repurchase” for further information.