Segment Information (Tables)

9 Months Ended

Mar. 31, 2023

The table below presents a reconciliation of net revenues and net operating profit by reportable segments (in thousands):


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Net revenue by segment
Total Sleep and Respiratory Care	$	980,116	$	763,358	$	2,741,541	$	2,365,697
Software as a Service	136,782		101,142		359,395		297,693
Total	$	1,116,898	$	864,500	$	3,100,936	$	2,663,390

Depreciation and amortization by segment
Sleep and Respiratory Care	$	21,201	$	21,008	$	59,501	$	58,372
Software as a Service	2,375		1,863		6,385		5,421
Amortization of acquired intangible assets and corporate assets	20,780		19,435		52,510		58,405
Total	$	44,356	$	42,306	$	118,396	$	122,198

Net operating profit by segment
Sleep and Respiratory Care	$	390,697	$	315,055	$	1,116,724	$	976,520
Software as a Service	32,201		23,649		85,782		67,892
Total	$	422,898	$	338,704	$	1,202,506	$	1,044,412

Reconciling items
Corporate costs	$	101,717	$	85,727	$	285,045	$	243,077
Amortization of acquired intangible assets	20,510		18,712		51,702		56,446
Acquisition related expenses	—		—		9,157		—
Interest expense (income), net	14,964		5,462		32,436		16,770
Loss attributable to equity method investments	183		2,627		5,037		5,927
(Gain) loss on equity investments	(6,418)		1,735		(11,506)		527
Other, net	2,564		(1,878)		5,773		(729)
Income before income taxes	$	289,378	$	226,319	$	824,862	$	722,394