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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Net revenue $ 1,102,321 $ 950,294
Cost of sales (exclusive of amortization shown separately below) 493,353 403,110
Amortization of acquired intangible assets 8,908 6,374
Total cost of sales 502,261 409,484
Gross profit 600,060 540,810
Operating Expenses    
Selling, general, and administrative 222,874 193,933
Research and development 75,710 63,188
Amortization of acquired intangible assets 12,479 7,950
Total operating expenses 311,063 265,071
Income from operations 288,997 275,739
Other income (loss), net:    
Interest (expense) income, net (14,957) (7,134)
Loss attributable to equity method investments (note 5) (3,895) (2,028)
Gain (loss) on equity investments (note 5) (602) (3,280)
Other, net 2,648 (1,504)
Total other income (loss), net (16,806) (13,946)
Income before income taxes 272,191 261,793
Income taxes 52,769 51,315
Net income $ 219,422 $ 210,478
Basic earnings per share (in dollars per share) $ 1.49 $ 1.44
Diluted earnings per share (in dollars per share) 1.49 1.43
Dividend declared per share (in dollars per share) $ 0.48 $ 0.44
Basic shares outstanding (000's) (in shares) 147,075 146,431
Diluted shares outstanding (000's) (in shares) 147,486 147,134
Total Sleep and Respiratory Care    
Net revenue $ 963,037 $ 844,443
Cost of sales (exclusive of amortization shown separately below) 444,460 363,844
Amortization of acquired intangible assets 1,916 1,228
Software as a Service    
Net revenue 139,284 105,851
Cost of sales (exclusive of amortization shown separately below) 48,893 39,266
Amortization of acquired intangible assets $ 6,992 $ 5,146