OSI Systems (OSIS) 10-K29 Aug 232023 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)		12 Months Ended
Document and Entity Information - USD ($)	Aug. 19, 2022	Jun. 30, 2023	Aug. 25, 2023	Dec. 31, 2022
Document and Entity Information
Document Type		10-K
Document Annual Report		true
Document Period End Date		Jun. 30, 2023
Document Transition Report		false
Entity File Number		000-23125
Entity Registrant Name		OSI SYSTEMS, INC.
Entity Incorporation, State or Country Code		DE
Entity Tax Identification Number		33-0238801
Entity Address, Address Line One		12525 Chadron Avenue
Entity Address, City or Town		Hawthorne
Entity Address, State or Province		CA
Entity Address, Postal Zip Code		90250
City Area Code		310
Local Phone Number		978-0516
Title of 12(b) Security		Common Stock, $0.001 par value
Trading Symbol		OSIS
Security Exchange Name		NASDAQ
Entity Well-known Seasoned Issuer		Yes
Entity Voluntary Filers		No
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Large Accelerated Filer
Entity Small Business		false
Entity Emerging Growth Company		false
ICFR Auditor Attestation Flag		true
Document Financial Statement Error Correction [Flag]		false
Entity Shell Company		false
Entity Common Stock, Shares Outstanding			16,799,266
Entity Central Index Key		0001039065
Document Fiscal Year Focus		2023
Document Fiscal Period Focus		FY
Current Fiscal Year End Date		--06-30
Amendment Flag		false
Entity Public Float				$ 1,258,906,407
Auditor Firm ID	659	248
Auditor Name	Moss Adams LLP	Grant Thornton LLP
Auditor Location	Los Angeles, California	Los Angeles, California

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 76,750	$ 64,202
Accounts receivable, net	380,845	307,973
Inventories	338,008	333,907
Prepaid expenses and other current assets	44,300	40,062
Total current assets	839,903	746,144
Property and equipment, net	108,933	109,684
Goodwill	349,505	336,357
Intangible assets, net	140,857	138,370
Other assets	116,488	112,595
Total assets	1,555,686	1,443,150
CURRENT LIABILITIES:
Bank lines of credit	215,000	60,000
Current portion of long-term debt	8,076	244,575
Accounts payable	139,011	125,204
Accrued payroll and related expenses	51,243	46,379
Advances from customers	21,250	19,917
Other accrued expenses and current liabilities	137,114	117,879
Total current liabilities	571,694	613,954
Long-term debt, net	136,491	48,668
Deferred income taxes	6,571	11,112
Other long-term liabilities	114,765	130,992
Total liabilities	829,521	804,726
Commitments and contingencies
Stockholders' Equity:
Preferred stock, $0.001 par value- 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value-100,000,000 shares authorized; issued and outstanding, 16,870,050 and 16,755,772 shares at June 30, 2022 and 2023, respectively	9,835	17
Retained earnings	735,957	663,869
Accumulated other comprehensive loss	(19,627)	(25,462)
Total stockholders' equity	726,165	638,424
Total liabilities and stockholders' equity	$ 1,555,686	$ 1,443,150

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED BALANCE SHEETS
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	16,755,772	16,870,050
Common stock, shares outstanding	16,755,772	16,870,050

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net revenues:
Total net revenues	$ 1,278,427	$ 1,183,236	$ 1,146,902
Cost of goods sold:
Total cost of goods sold	847,917	758,809	726,984
Gross profit	430,510	424,427	419,918
Operating expenses:
Selling, general and administrative	228,313	235,553	240,747
Research and development	59,352	59,583	53,696
Impairment, restructuring and other charges, net	7,566	7,542	10,104
Total operating expenses	295,231	302,678	304,547
Income from operations	135,279	121,749	115,371
Interest and other expense, net	(20,041)	(8,962)	(16,731)
Other income	0	27,373
Income before income taxes	115,238	140,160	98,640
Provision for income taxes	(23,460)	(24,813)	(24,591)
Net income	$ 91,778	$ 115,347	$ 74,049
Earnings per share:
Basic	$ 5.45	$ 6.57	$ 4.12
Diluted	$ 5.34	$ 6.45	$ 4.03
Shares used in per share calculation:
Basic	16,828	17,551	17,968
Diluted	17,190	17,870	18,388
Products
Net revenues:
Total net revenues	$ 958,827	$ 897,259	$ 872,809
Cost of goods sold:
Total cost of goods sold	676,772	608,990	586,935
Services
Net revenues:
Total net revenues	319,600	285,977	274,093
Cost of goods sold:
Total cost of goods sold	$ 171,145	$ 149,819	$ 140,049

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 91,778	$ 115,347	$ 74,049
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	267	(10,202)	10,186
Other, net of tax	5,568	(514)	262
Other comprehensive income (loss)	5,835	(10,716)	10,448
Comprehensive income	$ 97,613	$ 104,631	$ 84,497

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance, at the beginning at Jun. 30, 2020	$ 122,553	$ 474,793	$ (25,194)	$ 572,152
Balance, at the beginning (in shares) at Jun. 30, 2020	18,011,982
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	$ 1,302			1,302
Exercise of stock options (in shares)	88,657
Vesting of restricted stock/RSUs	$ 0			0
Vesting of restricted stock/RSUs (in shares)	313,892
Shares issued under employee stock purchase program	$ 4,215			4,215
Shares issued under employee stock purchase program (in shares)	68,180
Stock-based compensation	$ 26,771			26,771
Repurchase of common stock	$ (37,468)			(37,468)
Repurchase of common stock (in shares)	(452,005)
Taxes paid related to net share settlement of equity awards	$ (11,649)			(11,649)
Taxes paid related to net share settlement of equity awards (in shares)	(176,596)
Net income	$ 0	74,049		74,049
Other comprehensive income (loss)	0		10,448	10,448
Balance, at the end at Jun. 30, 2021	$ 105,724	548,842	(14,746)	639,820
Balance, at the end (in shares) at Jun. 30, 2021	17,854,110
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	$ 460			460
Exercise of stock options (in shares)	166,629
Vesting of restricted stock/RSUs	$ 0			0
Vesting of restricted stock/RSUs (in shares)	337,442
Shares issued under employee stock purchase program	$ 4,297			4,297
Shares issued under employee stock purchase program (in shares)	60,065
Stock-based compensation	$ 28,072			28,072
Repurchase of common stock	$ (92,351)	(19,276)		(111,627)
Repurchase of common stock (in shares)	(1,294,594)
Taxes paid related to net share settlement of equity awards	$ (19,422)			(19,422)
Taxes paid related to net share settlement of equity awards (in shares)	(253,602)
Adoption of ASU 2020-06 for convertible notes \| ASU 2020-06	$ (26,763)	18,956		(7,807)
Net income	0	115,347		115,347
Other comprehensive income (loss)	0		(10,716)	(10,716)
Balance, at the end at Jun. 30, 2022	$ 17	663,869	(25,462)	638,424
Balance, at the end (in shares) at Jun. 30, 2022	16,870,050
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	$ 3,666			3,666
Exercise of stock options (in shares)	47,354
Vesting of restricted stock/RSUs	$ 0			0
Vesting of restricted stock/RSUs (in shares)	313,862
Shares issued under employee stock purchase program	$ 4,041			4,041
Shares issued under employee stock purchase program (in shares)	59,255
Stock-based compensation	$ 29,124			29,124
Repurchase of common stock	$ (17,067)	(17,682)		(34,749)
Repurchase of common stock (in shares)	(400,230)
Taxes paid related to net share settlement of equity awards	$ (9,946)	(2,008)		(11,954)
Taxes paid related to net share settlement of equity awards (in shares)	(134,519)
Net income	$ 0	91,778		91,778
Other comprehensive income (loss)	0		5,835	5,835
Balance, at the end at Jun. 30, 2023	$ 9,835	$ 735,957	$ (19,627)	$ 726,165
Balance, at the end (in shares) at Jun. 30, 2023	16,755,772

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 91,778	$ 115,347	$ 74,049
Adjustments to reconcile net income to net cash provided by operating activities, net of effects from acquisitions:
Depreciation and amortization	38,513	38,679	43,855
Stock-based compensation	29,124	28,072	26,771
Provision for (recovery of) losses on accounts receivable	(3,899)	(5,978)	9,823
Deferred income taxes	(3,978)	3,520	432
Amortization of debt discount and issuance costs	196	1,343	9,756
Impairment charges	0	1,006	552
Gain on sale of property and equipment	0	(27,373)
Other	250	(1,326)	(109)
Changes in operating assets and liabilities-net of business acquisitions:
Accounts receivable	(66,088)	(13,710)	(28,955)
Inventories	(115)	(44,662)	(47,768)
Prepaid expenses and other assets	(5,422)	22,323	(34,430)
Accounts payable	10,756	(15,055)	55,601
Accrued payroll and related expenses	4,716	(1,998)	10,486
Advances from customers	1,356	(18,423)	9,796
Other	(2,375)	(17,957)	9,207
Net cash provided by operating activities	94,812	63,808	139,066
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment	(15,811)	(14,921)	(16,896)
Proceeds from sale of property and equipment	347	34,132	1,136
Purchases of certificates of deposit	(5,280)	(2,243)	(4,892)
Proceeds from maturities of certificates of deposit	3,827	56	2,710
Acquisition of businesses, net of cash acquired	(7,101)	(14,132)	(3,000)
Payments for intangible and other assets	(16,443)	(15,566)	(13,751)
Net cash used in investing activities	(40,461)	(12,674)	(34,693)
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings (repayments) on bank lines of credit	155,000	60,000	(59,000)
Proceeds from long-term debt	100,766	50,388	739
Payments on long-term debt	(249,842)	(46,074)	(1,057)
Proceeds from exercise of stock options and employee stock purchase plan	7,707	4,796	5,517
Payment of contingent consideration	(4,103)	(2,061)	(1,007)
Repurchase of common stock	(34,749)	(111,627)	(37,468)
Taxes paid related to net share settlement of equity awards	(11,954)	(19,430)	(11,649)
Net cash used in financing activities	(37,175)	(64,008)	(103,925)
Effect of exchange rate changes on cash	(4,628)	(3,537)	4,063
Net increase (decrease) in cash and cash equivalents	12,548	(16,411)	4,511
Cash and cash equivalents-beginning of year	64,202	80,613	76,102
Cash and cash equivalents-end of year	76,750	64,202	80,613
Supplemental disclosure of cash flow information:
Interest	20,277	6,979	5,979
Income taxes	$ 19,439	$ 16,658	$ 12,778

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business We have three reporting segments: (i) Security, providing security and inspection systems and turnkey security screening solutions; (ii) Healthcare, providing patient monitoring, cardiology and remote monitoring, and connected care systems and associated accessories; and (iii) Optoelectronics and Manufacturing, providing specialized electronic components and electronic manufacturing services for our Security and Healthcare divisions, as well as third parties for applications in the defense and aerospace markets, among others. Through our Security segment, we provide security screening products and related services globally. These products and services are used to inspect baggage, parcels, cargo, people, vehicles and other objects for weapons, explosives, drugs, radioactive and nuclear materials and other contraband. In addition to these products, we also provide site design, installation, training and technical support services to our customers. We also provide turnkey security screening solutions, which can include the construction, staffing and long-term operation of security screening checkpoints for our customers. Through our Healthcare segment, we design, manufacture, market and service patient monitoring, cardiology and remote monitoring, and connected care systems and associated accessories globally. These products are used by care providers in critical care, emergency and perioperative areas within the hospital and provide information, through wired and wireless networks, to physicians and nurses who may be at the patient’s bedside, in another area of the hospital or even outside the hospital. Through our Optoelectronics and Manufacturing segment, we design, manufacture and market optoelectronic devices and flex circuits and provide electronics manufacturing services globally for use in a broad range of applications, including aerospace and defense electronics, security and inspection systems, medical imaging and diagnostics, telecommunications, office automation, computer peripherals, industrial automation and consumer products. This division provides products and services to OEM customers and to our own Security and Healthcare divisions. Consolidation Use of Estimates Cash and Cash Equivalents Our cash and cash equivalents totaled $76.8 million at June 30, 2023. Of this amount, approximately 97% was held by our foreign subsidiaries and subject to repatriation tax considerations. These foreign funds were held primarily by our subsidiaries in the United Kingdom, Qatar, Singapore, India, Malaysia and Canada, and to a lesser extent in Indonesia, Australia, Germany and Mexico among other countries. We have cash holdings in financial institutions that exceed insured limits for such financial institutions; however, we mitigate this risk by utilizing international financial institutions of high credit quality. Accounts Receivable Inventories Property and Equipment Goodwill and Other Intangible Assets and Valuation of Long-Lived Assets We evaluate long-lived assets with finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets. If impairment does exist, we measure the impairment loss and record it based on the discounted estimate of future cash flows. In estimating future cash flows, we group assets at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows from other asset groups. Our estimate of future cash flows is based upon, among other things, certain assumptions about expected future operating performance, growth rates and other factors. Income Taxes Fair Value of Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The “Level 1” category includes assets and liabilities at quoted prices in active markets for identical assets and liabilities. The “Level 2” category includes assets and liabilities from observable inputs other than quoted market prices. The “Level 3” category includes assets and liabilities for which valuation techniques are unobservable and significant to the fair value measurement. The fair values of our financial assets and liabilities as of June 30, 2022 and 2023 are categorized as follows (in thousands): June 30, 2022 June 30, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets—Insurance company contracts $ — $ 40,284 $ — $ 40,284 $ — $ 47,181 $ — $ 47,181 Assets—Interest rate swap contract $ — $ — $ — $ — $ — $ 5,369 $ — $ 5,369 Liabilities—Convertible debt $ — $ 242,302 $ — $ 242,302 $ — $ — $ — $ — Liabilities—Contingent consideration $ — $ — $ 28,212 $ 28,212 $ — $ — $ 21,181 $ 21,181 Derivative Instruments and Hedging Activity The net investment hedge has been designated as a hedge instrument and accounted for under Accounting Standards Codification (“ASC”) 815 Derivatives and Hedging. Hedge effectiveness is assessed using the spot method, consistent with guidance in ASC 815 whereby the change in fair value of the forward contract is recorded in the same manner as the related currency translation adjustments, within other comprehensive income, as the hedging instrument is expected to be fully effective unless the amount hedged exceeds the net investment in the foreign operation, or the foreign operation is liquidated. We settled the net investment hedge during fiscal 2021, and the amount recorded in other comprehensive loss was not significant. There were no net investment hedges outstanding as of June 30, 2023. The net gains or losses from our foreign currency forward contracts, which are not designated as hedge instruments, are reported in the consolidated statements of operations, and the amounts reported for the years ending June 30, 2021, 2022 and 2023 were not significant. The fair value of our foreign currency forward contracts is estimated using a standard valuation model and market-based observable inputs over the contractual term. Unrealized gains are recognized as assets and unrealized losses are recognized as liabilities. As of June 30, 2022 and 2023, we held foreign currency forward contracts with notional amounts totaling $22.9 million and $21.6 million, respectively. Unrealized gains and losses from our foreign currency forward contracts as of June 30, 2022 and 2023 were not significant. The interest rate swap agreement was entered into to improve the predictability of cash flows from interest payments related to our variable, Secured Overnight Financing Rate (“SOFR”) based debt. The interest rate swap matures in December 2026. The interest rate swap is considered an effective cash flow hedge, and as a result, the net gains or losses on such instrument are reported as a component of other comprehensive income in the consolidated financial statements and are reclassified as net income when the underlying hedged interest expense impacts earnings. A qualitative and quantitative assessment over the hedge effectiveness is performed on a quarterly basis, unless facts and circumstances indicate that the hedge may no longer be highly effective. As of June 30, 2022 and 2023, the notional amount of the derivative instruments designated as an interest rate swap hedge was $0 and $175 million, respectively. The fair value of the interest rate swap contract as of June 30, 2023 was $5.4 million and is recorded in Other assets within the consolidated balance sheet. The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows: Fiscal Year Ended June 30, 2022 2023 Total interest and other expense, net presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded $ — $ (20,041) Gain recognized in other comprehensive income — 3,892 Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net — 1,343 Revenue Recognition We recognize revenue under Accounting Standards Product Sales. Service Revenue. Contract Revenue. When determining revenue recognition for contracts, we make judgments based on our understanding of the obligations in each contract. We determine whether or not customer acceptance criteria are perfunctory or inconsequential. The determination of whether or not customer acceptance terms are perfunctory or inconsequential impacts the amount and timing of revenue recognition. Judgments also include estimates of warranty reserves, which are established based on historical experience and knowledge of the product under warranty. Multiple Performance Obligations. In cases where obligations in a contract are distinct and thus require separation into multiple performance obligations, revenue recognition guidance requires that contract consideration be allocated to each distinct performance obligation based on its relative standalone selling price. The value allocated to each performance obligation is then recognized as revenue when the revenue recognition criteria for each distinct obligation or bundle of obligations has been met. The standalone selling price for each performance obligation is an amount that depicts the amount of consideration to which the entity expects to be entitled in exchange for transferring the good or service. When there is only one performance obligation associated with a contract, the entire sale value is attributed to that obligation. When a contract contains multiple performance obligations, the standalone selling price is first estimated using the observable price, which is generally a list price net of applicable discount, or the price used to sell the good or service in similar circumstances. In circumstances when a selling price is not directly observable, we will estimate the standalone selling price using information available to us including our market assessment and/or expected cost plus margin. The timetable for fulfilment of each of the distinct performance obligations can range from completion in a short amount of time and entirely within a single reporting period to completion over several reporting periods. The timing of revenue recognition for each performance obligation may be dependent upon several milestones, including physical delivery of equipment, completion of factory acceptance test, completion of site acceptance test, installation and connectivity of equipment, certification of training of personnel and, in the case of after-market service deliverables, the passage of time (typically evenly over the post-warranty period of the service deliverable). We often provide a guarantee to support our performance under multiple performance obligations. In the event that customers are permitted to terminate such arrangements, the underlying contract typically requires payment for deliverables and reimbursement of costs incurred through the date of termination. We disaggregate revenue by reporting segment (Security, Optoelectronics and Manufacturing, and Healthcare) to depict the nature of revenue in a manner consistent with our business operations and to be consistent with other communications and public filings. Refer to Note 14 for additional details of revenues by reporting segment. Contract Assets and Liabilities. Practical Expedients. In cases where we are responsible for shipping after the customer has obtained control of the goods, we have elected to treat the shipping activities as fulfillment activities rather than as a separate performance obligation. Additionally, we have elected to capitalize the cost to obtain a contract only if the period of amortization would be longer than one year. We only give consideration to whether a customer agreement has a financing component if the period of time between transfer of goods and services and customer payment is greater than one year. Freight Research and Development Costs Stock-Based Compensation Impairment, Restructuring and Other Charges Credit Risk and Concentration Our cash and cash equivalents totaled $64.2 million and $76.8 million at June 30, 2022 and 2023, respectively. Of these amounts, approximately 78% and 97% was held by our foreign subsidiaries at June 30, 2022 and 2023, respectively. For cost, quality control, technological, and efficiency reasons, we purchase certain materials, parts, and components only from single vendors with whom we have ongoing relationships. We do, however, qualify second sources for many of our materials, parts, and components. While management believes that relying on key vendors improves the efficiency and reliability of business operations, relying on any one vendor for a significant aspect of business can have a significant negative impact on revenue and profitability if that vendor fails to perform at acceptable service levels for any reason, including financial difficulties of the vendor. Foreign Currency Translation and Transactions — We transact business in various foreign currencies. In countries where the functional currency of the underlying operations has been determined to be the local country’s currency, revenues and expenses of operations outside the United States are translated into United States dollars using average exchange rates while assets and liabilities of operations outside the United States are translated into United States dollars using period-end exchange rates. The effects of foreign currency translation adjustments are included in stockholders’ equity as a component of accumulated other comprehensive income (loss) in the accompanying consolidated balance sheets. We also have subsidiaries where the United States dollar has been designated as the functional currency based on individual facts and circumstances. Remeasurement of non-United States dollar monetary assets and liabilities are translated using period-end exchange rates and associated gains and losses are recognized in the consolidated statements of operations. Non-monetary assets and liabilities are translated using historical exchange rates. Transaction gains and losses, which were included in our consolidated statement of operations, amounted to a net gain (loss) of approximately $ (1.3) million, $0.6 million and $2.0 million for the fiscal years ended June 30, 2021, 2022 and 2023, respectively. Business Combinations Earnings per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): 2021 2022 2023 Net income available to common stockholders $ 74,049 $ 115,347 $ 91,778 Weighted average shares outstanding—basic 17,968 17,551 16,828 Dilutive effect of equity awards 420 319 362 Weighted average shares outstanding—diluted 18,388 17,870 17,190 Basic earnings per share $ 4.12 $ 6.57 $ 5.45 Diluted earnings per share $ 4.03 $ 6.45 $ 5.34 Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect 47 47 49 Warranty Provision 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 Warranty claims provided for/assumed in acquisition 4,193 Settlements made (6,391) Warranty provision as of June 30, 2023 $ 11,149 Leases —Right-of-use (“ROU”) assets represent our right to use an underlying asset during the reasonably certain lease terms, and lease liabilities represent our obligation to make lease payments arising from the leases. We recognize ROU lease assets and lease liabilities at lease commencement on our consolidated balance sheet based on the present value of lease payments over the lease term using a discount rate determined based on our incremental borrowing rate since the rate implicit in each lease is not readily determinable. We elected the package of practical expedients, which permits us to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification of any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. We elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component. We also elected the hindsight practical expedient, which allows us to use hindsight in determining the lease term. We do not record a ROU asset and corresponding lease liability for leases with an initial term of one year or less (“short-term leases”). The terms in our leases may include options to extend or terminate the lease. We recognize ROU assets and liabilities when it is reasonably certain that we will exercise those options. Judgment is required in our assessment as to whether renewal or termination options are reasonably certain to be exercised and factors such as contractual terms compared to current market rates and the importance of the facility and location to our operations, among others, are considered. Lease payments are made in accordance with the lease terms, and lease expense, including short-term lease expense, is recognized on a straight-line basis over the lease term. We lease facilities and certain equipment under various operating lease agreements. The majority of our lease arrangements are comprised of fixed payments while certain of our other leases provide for periodic rent increases. Our leases may contain escalation clauses and renewal options. Most of the leases require us to pay for certain other costs such as common area maintenance and property taxes. Rent expense for leases with periodic rent increases or escalation clauses is recognized on a straight-line basis over the minimum lease term. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. We also have finance leases for fleet vehicles that are not material to the consolidated financial statements. Subsequent Events Recent Accounting Guidance From time to time, new accounting pronouncements are issued by the FASB and other regulatory bodies that are adopted as of the specified effective dates. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on our Consolidated Financial Statements upon adoption.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
BUSINESS COMBINATIONS	Jun. 30, 2023
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	2. BUSINESS COMBINATIONS Fiscal Year 2023 Business Acquisitions In April 2023, we (through our Optoelectronics and Manufacturing division) acquired a privately held provider of engineering and contract manufacturing solutions for approximately $2.5 million plus up to $2.5 million in potential contingent consideration. The acquisition was financed with cash on hand. In February 2023, we (through our Healthcare division) acquired a privately held provider of software and solutions for approximately $2.1 million plus up to $5.0 million in potential contingent consideration. The acquisition was financed with cash on hand. Through our Security division, we acquired (i) in December 2022 certain assets of a provider of baggage and parcel inspection systems for approximately $1.6 million and (ii) in August 2022 a privately held provider of training software and solutions for approximately $1.9 million plus an immaterial amount of potential contingent consideration. These acquisitions were financed with cash on hand. The goodwill recognized for each of the fiscal year 2023 business acquisitions is not deductible for income tax purposes. Fiscal Year 2022 Business Acquisitions In February 2022, we (through our Security division) acquired a privately held provider of intelligent inspection, sensory, and recognition solutions for approximately $14.0 million, plus up to $25.0 million in potential contingent consideration. The acquisition was financed with cash on hand and borrowings under our revolving bank line of credit. The goodwill recognized for this business is not deductible for income tax purposes. In February 2022, we (through our Security division) acquired a privately held sales and services company for approximately $1.1 million, plus an immaterial amount of potential contingent consideration. The acquisition was financed with cash on hand. The goodwill recognized for this transaction is deductible for income tax purposes. Fiscal Year 2021 Business Acquisition In fiscal 2021, we (through our Healthcare division) acquired a privately-held software development company for $3.0 million, plus up to $12.0 million in potential contingent consideration. This acquisition was financed with available cash on hand. The goodwill recognized for this business is deductible for income tax purposes. These business acquisitions in fiscal 2021, 2022 and 2023, individually and in the aggregate, were not material to our consolidated financial statements. Accordingly, pro-forma historical results of operations and other disclosures related to these businesses have not been presented.

BALANCE SHEET DETAILS

BALANCE SHEET DETAILS	12 Months Ended
BALANCE SHEET DETAILS	Jun. 30, 2023
BALANCE SHEET DETAILS
BALANCE SHEET DETAILS	3. BALANCE SHEET DETAILS The following tables provide details of selected balance sheet accounts (in thousands): June 30, Accounts receivable, net 2022 2023 Accounts receivable $ 326,849 $ 395,218 Less allowance for doubtful accounts (18,876) (14,373) Total $ 307,973 $ 380,845 June 30, Inventories 2022 2023 Raw materials $ 213,290 $ 233,217 Work-in-process 46,873 56,329 Finished goods 73,744 48,462 Total $ 333,907 $ 338,008 Estimated Useful June 30, Property and equipment, net Lives 2022 2023 Land N/A $ 15,028 $ 15,691 Buildings, civil works and improvements 5 - 40 years 47,309 49,166 Leasehold improvements 1 - 13 years 11,599 13,553 Equipment and tooling 3 - 10 years 128,425 135,703 Furniture and fixtures 3 - 10 years 3,592 3,632 Computer equipment 3 - 5 years 21,208 24,119 Computer software 3 - 10 years 25,153 26,981 Computer software implementation in process N/A 9,422 9,705 Construction in process N/A 5,283 4,108 Total 267,019 282,658 Less accumulated depreciation and amortization (157,335) (173,725) Property and equipment, net $ 109,684 $ 108,933 During fiscal 2021, 2022 and 2023, depreciation expense was approximately $22.4 million, $21.0 million and $19.5 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Jun. 30, 2023
GOODWILL AND INTANGIBLE ASSETS
Goodwill and Intangible Assets	4. GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by segment for fiscal 2022 and 2023 are as follows (in thousands): Optoelectronics and Security Healthcare Manufacturing Division Division Division Consolidated Balance as of June 30, 2021 $ 206,426 $ 43,584 $ 70,294 $ 320,304 Goodwill acquired or adjusted during the period 19,436 — — 19,436 Foreign currency translation adjustment (307) (397) (2,679) (3,383) Balance as of June 30, 2022 $ 225,555 $ 43,187 $ 67,615 $ 336,357 Goodwill acquired or adjusted during the period 5,021 5,161 2,574 12,756 Foreign currency translation adjustment 86 107 199 392 Balance as of June 30, 2023 $ 230,662 $ 48,455 $ 70,388 $ 349,505 Intangible assets consisted of the following (dollar amounts in thousands): June 30, 2022 June 30, 2023 Weighted Gross Gross Average Carrying Accumulated Intangibles Carrying Accumulated Intangibles Lives Value Amortization Net Value Amortization Net Amortizable assets: Software development costs 7 - 8 years $ 64,096 $ (18,934) $ 45,162 $ 77,844 $ (20,285) $ 57,559 Patents 19 years 8,541 (2,987) 5,554 8,636 (3,404) 5,232 Developed technology 10 years 66,901 (31,071) 35,830 68,274 (38,353) 29,921 Customer relationships 7 - 8 years 53,736 (32,785) 20,951 55,780 (39,101) 16,679 Total amortizable assets 193,274 (85,777) 107,497 210,534 (101,143) 109,391 Non-amortizable assets: In-process R&D 533 — 533 533 — 533 Trademarks 30,340 — 30,340 30,933 — 30,933 Total intangible assets $ 224,147 $ (85,777) $ 138,370 $ 242,000 $ (101,143) $ 140,857 Amortization expense related to intangible assets was $21.5 million, $17.7 million and $19.0 million for fiscal 2021, 2022 and 2023, respectively. At June 30, 2023, the estimated future amortization expense was as follows (in thousands): 2024 $ 18,758 2025 16,042 2026 13,112 2027 9,054 2028 6,544 Thereafter 45,881 Total $ 109,391 Software development costs for software products incurred before establishing technological feasibility are charged to operations. Software development costs incurred after establishing technological feasibility are capitalized on a product-by-product basis until the product is available for general release to customers at which time amortization begins. Annual amortization, charged to cost of goods sold, is the amount computed using the ratio that current revenues for a product bear to the total current and anticipated future revenues for that product. In the event that future revenues are not estimable, such costs are amortized on a straight-line basis over the remaining estimated economic life of the product. Amortizable assets that have not yet begun to be amortized are included in “Thereafter” in the table above. During fiscal 2021, 2022 and 2023, we capitalized software development costs in the amounts of $12.9 million, $15.2 million and $16.2 million, respectively.

CONTRACT ASSETS AND LIABILITIES

CONTRACT ASSETS AND LIABILITIES	12 Months Ended
CONTRACT ASSETS AND LIABILITIES	Jun. 30, 2023
CONTRACT ASSETS AND LIABILITIES
Contract Assets and Liabilities	5. CONTRACT ASSETS AND LIABILITIES The table below shows the balance of contract assets and liabilities as of June 30, 2022 and 2023, including the change between the periods. There were no substantial non-current contract assets for the periods presented. Contract Assets (dollar amounts in thousands) June 30, June 30, 2022 2023 Change % Change Unbilled revenue (included in accounts receivable, net) $ 43,287 $ 86,818 $ 43,531 101 % Contract Liabilities (dollar amounts in thousands) June 30, June 30, 2022 2023 Change % Change Advances from customers $ 19,917 $ 21,250 $ 1,333 7 % Deferred revenue—current 31,396 43,861 12,465 40 % Deferred revenue—long-term 20,476 22,200 1,724 8 % Contract Assets. Remaining Performance Obligations . Remaining performance obligations related to ASC 606 represent the portion of the transaction price allocated to performance obligations under an original contract with a term greater than one year which are fully or partially unsatisfied at the end of the period. As of June 30, 2023, the aggregate portion of the transaction price allocated to remaining performance obligations was approximately $1,011.2 million. We expect to recognize revenue on approximately 55% of the remaining performance obligations over the next 12 months , and the remainder is expected to be recognized thereafter. During the fiscal year ended June 30, 2023, we recognized revenue of $50.9 million from contract liabilities existing as of July 1, 2022. Practical Expedients. In cases where we are responsible for shipping after the customer has obtained control of the goods, we have elected to treat the shipping activities as fulfillment activities rather than as a separate performance obligation. Additionally, we have elected to capitalize the cost to obtain a contract only if the period of amortization would be longer than one year. We only give consideration to whether a customer agreement has a financing component if the period of time between transfer of goods and services and customer payment is greater than one year.

LEASES

LEASES	12 Months Ended
LEASES	Jun. 30, 2023
LEASES
Leases	6. LEASES The components of operating lease expense for the fiscal years ended June 30, 2022 and 2023 were as follows (in thousands): Fiscal Year Ended June 30, 2022 2023 Operating lease cost $ 10,390 $ 11,364 Variable lease cost 856 1,323 Short-term lease cost 1,061 923 $ 12,307 $ 13,610 Sale-leaseback Transaction. In March 2022, we completed a sale-leaseback transaction for our manufacturing facilities and corporate headquarters in Hawthorne, California (the “Hawthorne Property”). We sold the Hawthorne Property for $32 million and recognized a gain on sale of $27.4 million which is included in Other income on the statement of operations for the fiscal year ended June 30, 2022. We also entered into a 6-year lease agreement for the Hawthorne Property expiring in March 2028, with two 5-year renewal options. Supplemental balance sheet assets and liabilities related to operating leases were as follows (dollar amounts in thousands): Balance Sheet Category June 30, 2022 June 30, 2023 Operating lease ROU assets, net Other assets $ 39,461 $ 32,618 Operating lease liabilities, current portion Other accrued expenses and current liabilities $ 9,700 $ 9,787 Operating lease liabilities, long-term Other long-term liabilities 30,363 23,733 Total operating lease liabilities $ 40,063 $ 33,520 Weighted average remaining lease term 4.2 years Weighted average discount rate 3.7 % Supplemental cash flow information related to operating leases for the year ended June 30, 2023 was as follows (in thousands): Fiscal Year Ended June 30, 2022 2023 Cash paid for operating lease liabilities $ 10,046 $ 11,418 ROU assets obtained in exchange for new lease obligations 27,402 14,574 Maturities of operating lease liabilities at June 30, 2023 were as follows (in thousands): June 30, 2023 Less than one year $ 10,813 1 – 2 years 8,596 2 – 3 years 7,032 3 – 4 years 6,101 4 – 5 years 1,748 Thereafter 1,966 36,256 Less: Imputed interest (2,736) Total lease liabilities $ 33,520

IMPAIRMENT, RESTRUCTURING AND O

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES	12 Months Ended
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES	Jun. 30, 2023
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES	7. IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES We endeavor to align our global capacity and infrastructure with demand by our customers as well as fully integrate acquisitions and thereby improve operational efficiency. During the fiscal year ended June 30, 2023, we recognized $7.6 million in impairment, restructuring and other charges, which included $3.9 million in legal charges primarily related to class action litigation and government investigations, $1.7 million for employee terminations, $1.5 million for other facility closure costs for operational efficiency activities, and $0.4 million in acquisition related costs. During the fiscal year ended June 30, 2022, we recognized $7.5 million in impairment, restructuring and other charges, which included $5.1 million in legal charges primarily related to class action litigation and government investigations, $1.1 million for employee terminations, $1.0 million for impairment of software assets, $0.3 million in acquisition related costs, and a net benefit for facility closures activity of a nominal amount. During the fiscal year ended June 30, 2021, we incurred $7.2 million for exit activities associated with an expired turnkey contract in Mexico. Such exit costs include $2.8 million for employee terminations, $1.1 million for facility closure and other exit costs, direct transaction costs of $2.7 million, and $0.6 million for ROU asset impairment for a leased facility. We also incurred costs of $1.6 million for other employee terminations and $0.5 million for other facility closure costs for operational efficiency activities, $0.3 million for acquisition-related activities, and $0.5 million for certain legal charges, net of insurance reimbursements. The following tables summarize impairment, restructuring and other charges for the periods set forth below (in thousands): Fiscal 2021 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Total Impairment charges $ 552 $ — $ — $ — $ 552 Acquisition-related costs 249 27 — — 276 Employee termination costs 4,130 — 315 — 4,445 Mexico transaction costs 2,691 — — — 2,691 Facility closures/consolidation 1,675 — — — 1,675 Legal costs, net — — — 465 465 Total expensed $ 9,297 $ 27 $ 315 $ 465 $ 10,104 Fiscal 2022 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Total Impairment charges $ — $ — $ — $ 1,006 $ 1,006 Acquisition-related costs 232 — — 56 288 Employee termination costs 1,077 — 100 — 1,177 Facility closures/consolidation (33) — — — (33) Legal costs, net — — — 5,104 5,104 Total expensed $ 1,276 $ — $ 100 $ 6,166 $ 7,542 Fiscal 2023 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Total Acquisition-related costs $ 23 $ 225 $ 7 $ 127 $ 382 Employee termination costs 849 355 532 — 1,736 Facility closures/consolidation 35 — 1,504 — 1,539 Legal costs, net 808 2,497 464 140 3,909 Total expensed $ 1,715 $ 3,077 $ 2,507 $ 267 $ 7,566 The accrued liability for restructuring and other charges is included in other accrued expenses and current liabilities in the consolidated balance sheet. The changes in the accrued liability for restructuring and other charges for fiscal 2022 and 2023 were as follows (in thousands): Facility Acquisition- Employee Closure / Legal Related Termination Consolidation Costs and Costs Costs Cost Settlements Total Balance as of June 30, 2021 $ — $ 250 $ 386 $ 2,772 $ 3,408 Restructuring and other charges (benefit), net 288 1,177 (33) 6,110 7,542 Payments, adjustments and reimbursements, net (288) (1,246) (330) (7,102) (8,966) Balance as of June 30, 2022 $ — $ 181 $ 23 $ 1,780 $ 1,984 Restructuring and other charges (benefit), net 383 1,736 1,539 3,909 7,567 Payments, adjustments and reimbursements, net (376) (1,810) 47 (5,033) (7,172) Balance as of June 30, 2023 $ 7 $ 107 $ 1,609 $ 656 $ 2,379

BORROWINGS

BORROWINGS	12 Months Ended
BORROWINGS	Jun. 30, 2023
BORROWINGS
BORROWINGS	8. BORROWINGS Revolving Credit Facility In December 2021, we entered into an amendment to the senior secured credit facility that increased the aggregate amount available to borrow from $535 million to $750 million. The amended facility matures in December 2026 and is comprised of a $600 million revolving credit facility and a $150 million delayed draw term loan. The revolving credit facility includes a $300 million sub-limit for letters of credit. Under certain circumstances and subject to certain conditions, we can increase the revolving credit facility by $250 million plus such amount as would not cause our consolidated secured net leverage ratio to exceed a specified level. Borrowings under the amended facility bore interest at SOFR plus a margin of 1.0% as of June 30, 2023 (which margin can range from 1.0% to 1.75% based on our consolidated net leverage ratio as defined in the credit facility). Letters of credit reduce the amount available to borrow under the credit facility by their face value amount. The unused portion of the facility bore a commitment fee of 0.10% as of June 30, 2023 (which fee can range from 0.10% to 0.25% based on our consolidated net leverage ratio as defined in the credit facility). Our borrowings under the credit agreement are guaranteed by certain of our U.S.-based subsidiaries and are secured by substantially all of our assets and substantially all the assets of certain of our subsidiaries. The credit facility contains various representations and warranties, affirmative, negative and financial covenants and events of default. As of June 30, 2023, there were $215.0 million of borrowings outstanding under the revolving credit facility, $48.5 million outstanding under the letters of credit sub-facility, and $143.1 million outstanding under the term loan. As of June 30, 2023, the amount available to borrow under the revolving credit facility was $336.5 million. Loan amounts under the revolving credit facility may be borrowed, repaid and re-borrowed during the term. The principal amount of each loan is due and payable in full on the maturity date. We have the right to repay each loan in whole or in part from time to time without penalty. It is our practice to routinely borrow and repay several times per year under the revolving facility and therefore, borrowings under the revolving credit facility are included in current liabilities. As of June 30, 2023, we were in compliance with all financial covenants under this credit facility. In September 2022, we entered into an interest rate swap in order to mitigate the interest rate risk on a portion of the interest payments expected to be made on the borrowings outstanding under the revolving credit facility and term loan. Refer to Note 1 for details. 1.25% Convertible Senior Notes Due 2022 In February 2017, we issued $287.5 million of the Notes in a private offering. The Notes were governed by an indenture dated February 22, 2017. The maturity date for the payment of principal was September 1, 2022. The Notes bore interest at the rate of 1.25% and were payable in cash semiannually in arrears on each March 1 and September 1. On September 1, 2022, we repurchased and cancelled the then-remaining $242.3 million balance of the Notes utilizing proceeds from the senior secured credit facility. Issuance costs of $7.7 million were allocated between debt ($6.5 million) and equity ($1.2 million) components with the portion allocated to the debt presented as an offset against long-term debt in the consolidated balance sheet and was being amortized as interest expense over the life of the Notes using the effective interest method. Total interest expense recognized for the year ended June 30, 2021 related to the Notes was $13.4 million, which consisted of $3.6 million of contractual interest expense, $8.6 Other Borrowings Several of our foreign subsidiaries maintain bank lines-of-credit, denominated in local currencies and U.S. dollars, primarily for the issuance of letters-of-credit. As of June 30, 2023, $51.7 million was outstanding under these letter-of-credit facilities. As of June 30, 2023, the total amount available under these credit facilities was $24.5 million. Long-term debt consisted of the following (in thousands): June 30, 2022 2023 1.25% convertible notes due September 1, 2022: Principal amount $ 242,302 $ — Unamortized debt issuance costs (196) — 242,106 — Term loan 50,000 143,125 Other long-term debt 1,137 1,442 293,243 144,567 Less current portion of long-term debt (244,575) (8,076) Long-term portion of debt $ 48,668 $ 136,491 Fiscal year principal payments of long-term debt as of June 30, 2023 are as follows (in thousands): 2024 $ 8,076 2025 7,992 2026 7,801 2027 120,698 2028 and thereafter — Total $ 144,567

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2023
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	9. STOCKHOLDERS’ EQUITY Stock-based Compensation As of June 30, 2023, we maintained the OSI Plan as a stock-based employee compensation plan. We recorded stock-based compensation expense in the consolidated statements of operations as follows (in thousands): 2021 2022 2023 Cost of goods sold $ 760 $ 812 $ 911 Selling, general and administrative 25,457 26,749 27,716 Research and development 554 511 497 Stock-based compensation expense $ 26,771 $ 28,072 $ 29,124 As of June 30, 2023, total unrecognized compensation cost related to stock-based compensation grants under the OSI Plan were estimated at $0.7 million for stock options and $13.9 million for restricted stock units (“RSUs”). We expect to recognize these costs over a weighted-average period of 2.0 years with respect to the stock options and 2.0 years for grants of RSUs. OSI Plan Awards are granted in the form of incentive options, nonqualified options, restricted stock awards, stock appreciation rights, RSUs, performance shares and stock bonuses, amongst other forms of equity, to qualified employees, directors and consultants. Under the OSI Plan, the exercise price of nonqualified options and incentive stock options may not be less than the fair market value of our Common Stock on the date of grant. The exercise price of nonqualified options and incentive stock options granted to individuals who own more than 10% of our voting stock may not be less than 110% of the fair market value of our Common Stock on the date of grant. Stock options granted under the OSI Plan typically vest over three years based on continued service. Restricted stock and RSUs typically vest over three to four years based on continued service. Certain restricted stock awards granted to senior management vest based on the achievement of pre-established performance criteria. Stock Option Fair Value Estimation Assumptions. Expected Dividend. Risk-Free Interest Rate. Expected Volatility. Expected Holding Period. Changes in assumptions can materially impact the estimated fair value of stock options. The weighted average assumptions used in the valuation model are presented in the table below. 2021 2022 2023 Expected dividend — — — Risk-free interest rate 0.4 % 1.2 % 3.9 % Expected volatility 26.0 % 31.0 % 31.0 % Expected holding period (in years) 4.5 4.5 4.5 The following summarizes stock option activity for fiscal years 2021, 2022 and 2023: Weighted- Average Weighted-Average Aggregate Number of Exercise Remaining Contractual Intrinsic Value Options Price Term (in thousands) Outstanding at June 30, 2020 326,304 $ 44.41 Granted 22,171 82.17 Exercised (88,657) 35.19 Expired or forfeited (4,598) 80.46 Outstanding at June 30, 2021 255,220 $ 50.24 Granted 22,954 96.38 Exercised (166,629) 35.09 Expired or forfeited (900) 73.99 Outstanding at June 30, 2022 110,645 $ 82.43 Granted 23,351 87.90 Exercised (47,354) 77.42 Expired or forfeited (2,965) 74.06 Outstanding at June 30, 2023 83,677 $ 87.09 7.1 years $ 2,572 Exercisable at June 30, 2023 38,977 $ 83.79 5.1 years $ 1,327 The per-share weighted-average grant-date fair value of stock options granted under the OSI Plan was $18.37, $26.72 and $28.46 for fiscal 2021, 2022 and 2023, respectively. The total intrinsic value of options exercised during fiscal 2023 was $1.5 million. Restricted Stock Units Weighted- Average Shares Fair Value Nonvested at June 30, 2020 423,590 $ 88.68 Granted 339,311 80.40 Vested (313,892) 86.12 Forfeited (13,084) 85.78 Nonvested at June 30, 2021 435,925 $ 84.16 Granted 334,435 90.31 Vested (337,442) 82.66 Forfeited (5,471) 83.66 Nonvested at June 30, 2022 427,447 $ 90.17 Granted 357,475 87.90 Vested (313,862) 96.36 Forfeited (15,545) 88.42 Nonvested at June 30, 2023 455,515 $ 85.15 The per-share weighted average grant-date fair value of RSUs granted under the OSI Plan was $80.40, $90.31, and $87.90 for fiscal 2021, 2022 and 2023, respectively. The total fair value of shares vested during fiscal 2021, 2022 and 2023 was $27.0 million, $27.9 million, and $27.9 million, respectively. In December 2020, our shareholders authorized an increase of 1.65 million shares for the OSI Plan resulting in a maximum pool of 7.1 million shares. As of June 30, 2023, there were approximately 0.7 million shares available for grant under the OSI Plan. Under the terms of the OSI Plan, RSUs and restricted stock granted from the pool of shares available for grant reduce the pool by 1.87 shares for each award granted. RSUs and restricted stock forfeited and returned to the pool of shares available for grant increase the pool by 1.87 shares for each award forfeited. We granted 136,242, 96,620, and 110,811 performance-based awards during fiscal 2021, 2022 and 2023, respectively. These performance-based RSU awards are contingent on the achievement of certain performance metrics. The payout related to these awards can range from zero to 376% of the original number of shares or units awarded. Compensation cost associated with these performance based RSUs are recognized based on the estimated number of shares that we ultimately expect will vest. If the estimated number of shares to vest is revised in the future, then stock-based compensation expense will be adjusted accordingly. Employee Stock Purchase Plan We have an employee stock purchase plan under which eligible employees may purchase a limited number of shares of Common Stock at a discount of up to 15% of the market value of such stock at pre-determined, plan-defined dates. During the years ended June 30, 2021, 2022 and 2023, employees purchased 63,499, 60,708, and 60,465 shares, respectively. As of June 30, 2023, there were 416,762 shares of our Common Stock available for issuance under the plan. Stock Repurchase Program In September 2022, our Board of Directors increased the stock repurchase authorization to a total of two million shares of Common Stock. This program does not expire unless our Board of Directors acts to terminate the program. The timing and actual numbers of shares purchased depends on a variety of factors, including stock price, general business and market conditions and other investment opportunities. Repurchases may be made from time to time under the program through open-market purchases or privately-negotiated transactions at our discretion. Upon repurchase, the shares are restored to the status of authorized but unissued shares and we record them in our consolidated financial statements as a reduction in the number of shares of Common Stock issued and outstanding. During fiscal 2021, 2022 and 2023, we repurchased 452,005 shares, 1,294,594 shares and 400,230 shares, respectively, of common stock under our then current programs. As of June 30, 2023, there were 1,721,870 shares remaining available for repurchase under the authorized repurchase program. Dividends We have not paid any dividends since the consummation of our initial public offering in 1997 and we do not currently intend to pay any dividends in the foreseeable future. Our Board of Directors will determine the payment of future dividends, if any. Certain of our current bank credit facilities restrict the payment of dividends and future borrowings may contain similar restrictions.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Jun. 30, 2023
INCOME TAXES
INCOME TAXES	10. INCOME TAXES The following is a geographical breakdown of income before the provision for income taxes (in thousands): 2021 2022 2023 Pre-tax income: United States $ 34,323 $ 51,295 $ 7,114 Foreign 64,317 88,865 108,124 Total pre-tax income $ 98,640 $ 140,160 $ 115,238 Our provision (benefit) for income taxes consists of the following (in thousands): 2021 2022 2023 Current: Federal $ 4,407 $ 6,216 $ 6,860 State 1,190 1,964 861 Foreign 18,562 13,113 19,717 Total current provision 24,159 21,293 27,438 Deferred: Federal $ 679 $ 3,915 $ (2,547) State 464 133 (678) Foreign (711) (528) (753) Total deferred provision (benefit) 432 3,520 (3,978) Total provision $ 24,591 $ 24,813 $ 23,460 As of June 30, 2022 and 2023, our liability for uncertain tax positions was $8.2 million and $12.0 million, respectively. The amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was $12.0 million as of June 30, 2023. We recognize potential interest and penalties related to income tax matters in income tax expense. As of June 30, 2023, we have accrued $0.4 million for interest and penalties. Our uncertain tax positions are related to tax years that remain subject to examination by the relevant tax authorities. These include fiscal years after 2019 for federal purposes, fiscal years after 2018 for state purposes and fiscal years after 2015 for various foreign jurisdictions. Facts and circumstances could arise that could cause us to reduce the liability for unrecognized tax benefits, including, but not limited to, settlement of income tax positions or expiration of statutes of limitation. Since the ultimate resolution of uncertain tax positions depends on many factors and assumptions, we are not able to estimate the range of potential changes in the liability for unrecognized tax benefits or the timing of such changes. A summary of activity of unrecognized tax benefits for fiscal 2022 and 2023 is as follows (in thousands). Balance at June 30, 2021 $ 19,677 Additions on tax positions for the current year 3,084 Additions on tax positions from prior years 1,479 Reduction in tax positions from prior year (10,663) Balance at June 30, 2022 $ 13,577 Additions on tax positions for the current year 3,225 Additions on tax positions from prior years 2,582 Reduction in tax positions from prior year (4,406) Balance at June 30, 2023 $ 14,978 Deferred income tax assets (liabilities) consisted of the following (in thousands): June 30, 2022 2023 Deferred income tax assets: Tax credit carryforwards $ 13,130 $ 5,934 Net operating loss carryforwards 6,494 3,678 Customer advances 2,848 3,443 Allowance for doubtful accounts 4,471 2,994 Inventory reserve 11,636 11,026 Inventory capitalization 406 481 Accrued liabilities 3,241 2,956 Operating lease liabilities 8,714 8,043 Stock and deferred compensation 10,601 12,224 Other assets 1,446 1,164 Total deferred income tax assets 62,987 51,943 Valuation allowance (12,301) (8,433) Net deferred income tax assets 50,686 43,510 Deferred income tax liabilities: Depreciation (7,604) (5,860) Amortization of intangible assets (31,518) (21,617) Withholding tax on unrepatriated foreign earnings (6,851) (6,851) Operating lease ROU assets (8,480) (7,931) State transition tax (1,754) (1,754) Other liabilities (1,750) (1,824) Total deferred income tax liabilities (57,957) (45,837) Net deferred income tax liability $ (7,271) $ (2,327) The components of the net deferred income tax liability are classified in the consolidated balance sheets as follows (in thousands): June 30, 2022 2023 Long term deferred income tax asset, included in other assets $ 3,841 $ 4,244 Long term deferred income tax liability (11,112) (6,571) Net deferred income tax liability $ (7,271) $ (2,327) The components of current taxes receivable and payable and prepaid taxes are classified in the consolidated balance sheets as follows (in thousands): June 30, 2022 2023 Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets $ 7,843 $ 7,216 Current taxes payable, included in other accrued expenses and current liabilities (7,722) (13,692) Net tax receivable (payable) $ 121 $ (6,476) As of June 30, 2023, we had federal, state and foreign net operating losses carryforwards of approximately $1.1 million, $22.6 million and $7.9 million, respectively. Our net operating loss carryforwards will begin to expire in the tax year ending June 30, 2028. As of June 30, 2023, we had federal and state tax credit carryforwards of approximately $0.5 million and $8.1 million, respectively. Our credit carryforwards will begin to expire in the tax year ending June 30, 2026. We have established valuation allowances that relate to the net operating losses of certain subsidiaries, capital losses, and tax credits. During the year ended June 30, 2023, we recorded a net aggregated decrease of $3.9 million to these valuation allowances. We review the adequacy of individual valuation allowances and release such allowances when it is determined that it is more likely than not that the related benefits will be realized. We recognized all excess tax benefits and tax deficiencies as income tax expense or benefit in the current year. An income tax benefit of approximately $2.0 million and $0.6 million was recognized in fiscal 2022 and 2023, respectively. The consolidated effective income tax rate differs from the federal statutory income tax rate due primarily to the following: June 30, 2021 2022 2023 Provision for income taxes at federal statutory rate 21.0 % 21.0 % 21.0 % Research and development tax credits (1.7) (1.3) (1.5) Foreign income subject to tax at other than federal statutory rate 0.6 0.2 0.2 Stock compensation (0.9) (1.2) (0.4) Officers’ compensation 5.8 4.3 5.5 Change in valuation allowance (5.9) (4.0) (0.5) Unrecognized tax expense (benefit) 4.2 (1.4) 0.3 Tax on foreign currency gains and losses (0.2) — (0.6) State tax expense 1.2 1.0 0.3 U.S. tax on foreign earnings (1.8) 0.9 1.4 Changes in prior year estimates — (0.6) (1.1) Global intangible low-taxed income, net of foreign tax credits 0.5 0.3 0.8 Foreign Derived Intangible Income Benefit (1.3) (1.3) (1.8) Non-taxable earnings from acquisitions (0.4) (0.6) (2.1) Patent box benefit — (0.3) (1.9) Withholding tax on foreign earnings 3.4 — — Other 0.4 0.7 0.8 Effective income tax rate 24.9 % 17.7 % 20.4 % The provision for income taxes consists of provisions for federal, state, and foreign income taxes. We operate in an international environment with significant operations in various locations outside the U.S. Accordingly, the consolidated income tax rate is a composite rate reflecting the earnings in the various locations and the applicable rates.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES Acquisition-Related Contingent Obligations We account for such contingent payments for acquisitions which occurred through the end of fiscal year 2009 as additions to the purchase price of the acquired business. We made contingent payments relating to such acquisitions of $1.0 million, $1.9 million and $3.4 million, respectively, during the fiscal years ended June 30, 2021, 2022 and 2023, respectively. For acquisitions completed after fiscal 2009, pursuant to ASC 805, the estimated fair value of these obligations is recorded as a liability at the time of the acquisition with subsequent revisions recorded in Selling, general and administrative expense in the consolidated financial statements. The estimated fair value measurements of contingent earnout obligations are primarily based on unobservable inputs, which may include projected revenues, gross margins, operating income and the estimated probability of achieving the earnouts. These projections and probabilities are used to estimate future contingent earnout payments, which are discounted back to present value to compute contingent earnout liabilities. The following table provides a roll-forward from June 30, 2022 to June 30, 2023 of the contingent consideration liability, which is included in other accrued expenses and current liabilities, and other long-term liabilities in our consolidated balance sheets (in thousands): Beginning fair value, June 30, 2022 $ 28,212 Addition of contingent earnout obligations 5,506 Foreign currency translation adjustment 27 Changes in fair value for contingent earnout obligations (11,901) Payments on contingent earnout obligations (663) Ending fair value, June 30, 2023 $ 21,181 Advances from Customers Environmental Contingencies We have not accrued for loss contingencies relating to environmental matters because we believe that, although unfavorable outcomes are possible, they are not considered by our management to be probable and reasonably estimable. If one or more of these environmental matters are resolved in a manner adverse to us, the impact on our business, financial condition, results of operations and cash flow could be material. Indemnifications and Certain Employment-Related Contingencies On December 31, 2017, we and Deepak Chopra, our Chief Executive Officer, entered into an amendment to Mr. Chopra’s employment agreement that, among other things, provides for a $13.5 million bonus payment to Mr. Chopra on or within 45 days of January 1, 2024 contingent upon Mr. Chopra’s continued employment with us through that date, subject to accelerated payout terms in the event of Mr. Chopra’s death or disability. The bonus is recorded in the financial statements over the remaining term of the employment agreement and is included in accrued payroll and related expenses at June 30, 2023 and in other long-term liabilities at June 30, 2022. Legal Proceedings We are involved in various other claims and legal proceedings arising in the ordinary course of business. In our opinion after consultation with legal counsel, the ultimate disposition of such proceedings is not likely to have a material adverse effect on our business, financial condition, results of operations or cash flows. We have not accrued for loss contingencies relating to any non-ordinary course matters because we believe that, although unfavorable outcomes in the proceedings are possible, they are not considered by management to be probable and reasonably estimable. If one or more of these matters are resolved in a manner adverse to our company, the impact on our business, financial condition, results of operations and cash flows could be material.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	12 Months Ended
RELATED-PARTY TRANSACTIONS	Jun. 30, 2023
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS	12. RELATED-PARTY TRANSACTIONS In 1994, we, together with an unrelated company, formed ECIL-Rapiscan Security Products Limited, a joint venture organized under the laws of India. We own a 36% interest in the joint venture, our Chairman and Chief Executive Officer owns a 10.5% interest, and one of our Executive Vice Presidents owns a 4.5% ownership interest. Our initial investment in the joint venture was approximately $0.1 million. For each of the years ended June 30, 2021, 2022 and 2023 our equity earnings in the joint venture were less than $0.1 million. We, our Chairman and Chief Executive Officer and our Executive Vice President collectively control less than 50% of the board of directors voting power in the joint venture. As a result, we account for the investment under the equity method of accounting. The joint venture was formed for the purpose of the manufacture, assembly, service and testing of security and inspection systems and other products. Some of our subsidiaries are suppliers to the joint venture partner, which in turn manufactures and sells the resulting products. Sales to the joint venture partner for fiscal 2021, 2022 and 2023 were approximately $2.4 million, $2.3 million and $6.9 million, respectively. Receivables from the joint venture were $0.6 million and $1.9 million as of June 30, 2022 and 2023, respectively.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
EMPLOYEE BENEFIT PLANS	Jun. 30, 2023
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	13. EMPLOYEE BENEFIT PLANS Employee Retirement Savings Plans We have various qualified employee retirement savings plans. Participants can contribute certain amounts to the plans and we match a certain portion of employee contributions. We contributed approximately $6.7 million, $6.9 million and $7.2 million to the plans for the fiscal years ended June 30, 2021, 2022 and 2023, respectively. Deferred Compensation Plan We have a deferred compensation plan, which meets the requirements for deferred compensation under Section 409A of the Internal Revenue Code. The plan provides that selected employees are eligible to defer up to 80% of their salaries and up to 100% of their bonuses. We may also make employer contributions to participant accounts in certain circumstances. The benefits under this plan are unsecured. Participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment for any reason or at a later date to comply with the restrictions of Section 409A. Discretionary company contributions and the related earnings are subject to a vesting schedule dependent upon years of service to us and, also, vest completely upon the participant’s disability or death while employed by us or immediately prior to a change of control. We made contributions of $0.5 million, $0.5 million and $0.6 million for fiscal year 2021, 2022 and 2023, respectively. As of June 30, 2023, we held assets of $36.8 million and liabilities of $33.6 million related to this plan. Assets related to this plan are included in other assets and liabilities related to this plan are included in other long-term liabilities in the consolidated balance sheets. The plan liabilities include accrued employer contributions not yet funded to the plan. Employee Pension Plans We sponsor a number of qualified and nonqualified pension plans for our employees at certain locations. In accordance with accounting standards for employee pension and postretirement benefits, we fully recognize the overfunded or underfunded status of each of our defined benefit plans as an asset or liability in the consolidated balance sheets. The asset or liability equals the difference between the fair value of the plans’ assets and their benefit obligations. The liabilities associated with underfunded plans are classified as noncurrent, except to the extent the fair value of the plans’ assets is less than the plans’ estimated benefit payments over the next 12 months . We measure our pension and postretirement benefit plans’ assets and benefit obligations as of June 30. The following provides a reconciliation of the changes in the plans’ benefit obligations and fair value of assets for fiscal years 2022 and 2023, and a statement of the funded status as of June 30, 2022 and 2023 (in thousands): 2022 2023 Change in Benefit Obligation Benefit obligation at beginning of year $ 18,434 $ 18,464 Translation adjustment (708) 149 Interest costs 464 624 Amendment 1,345 — Actuarial gain (900) (847) Benefits paid (171) (162) Benefit obligation at end of year 18,464 18,228 Change in Plan Assets Fair value of plan assets at beginning of year 7,010 5,977 Translation adjustment (860) 243 Actual return on plan assets (47) 413 Benefits paid (126) (120) Fair value of plan assets at end of year 5,977 6,513 Funded status and net amount recognized $ (12,487) $ (11,715) Amount recognized in consolidated balance sheets consists of: Net benefit asset (included in other current assets) $ 2,275 $ 3,264 Current portion of net pension liability (included in other current liabilities) (180) (6,189) Net long term pension liability (included in other long-term liabilities) (14,582) (8,790) Accumulated other comprehensive income 4,609 2,365 One of our defined benefit pension plans is considered a nonqualified plan, therefore we have funded a separate rabbi trust which comprises insurance company contracts with fair values of $11.9 million and $13.6 million as of June 30, 2022 and 2023, respectively. These amounts are not included in the fair value of plan assets in the table above. The following table provides the net periodic benefit costs for the fiscal years ended June 30, (in thousands): 2021 2022 2023 Net Periodic Benefit Costs Interest costs $ 477 $ 464 $ 624 Service costs — — — Expected return on plan assets (242) (279) (340) Amortization of prior service costs 668 1,115 1,330 Recognized actuarial loss 75 41 83 Net periodic benefit cost $ 978 $ 1,341 $ 1,697 Plan Assumptions 2022 2023 Weighted average assumptions at year-end: Discount rate 3.0 % 5.3 % Expected return on plan assets 4.2 % 5.8 % Rate of compensation increase — % — % The long-term return on assets has been derived from the weighted average of assumed returns on each of the major asset categories. The weighted average is based on the actual proportion of each major asset class held, rather than a benchmark portfolio of assets. The expected returns for each major asset class have been derived from a combination of both historical market returns and current market data as well as the views of a range of investment managers. There is no assumed rate of compensation increase as most of the plan participants are retirees or no longer employed by OSI. Plan Assets and Investment Policy Fiscal year ended Fiscal year ended June 30, 2022 June 30, 2023 Proportion of Expected Rate Proportion of Expected Rate Fair Value of Return Fair Value of Return Equity securities 85 % 4.9 % 86 % 6.6 % Debt securities 14 % 0.8 % 13 % 0.8 % Cash 1 % 0.4 % 1 % 0.4 % Combined 100 % 4.2 % 100 % 5.8 % The defined benefit plans’ assets are invested in a range of pooled investment funds that provide access to a diverse range of asset classes. The investment objective is to maximize the investment return over the long term without exposing the fund to an unnecessary level of risk. Within this objective, it is recognized that benefits will be secured by the purchase of annuities at the time of employee retirement. The benchmark is to hold assets in both equity and debt securities. The proportion in each investment class is not mandated and is allowed to fluctuate with market movements. The equity holdings are maintained in balanced funds under the control of investment managers. Day-to-day equities selection decisions are delegated to investment managers, although these are monitored against performance and risk targets. Due to the nature of the pooled funds, there are no significant holdings in any single company (greater than 5% of the total assets). The investment strategy is reviewed on a regular basis, based on the results of third-party liability studies. Projected Benefit Payments The following table reflects estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost, as of June 30, 2023 (in thousands): Pension Benefits July 1, 2023 to June 30, 2024 $ 6,189 July 1, 2024 to June 30, 2025 1,525 July 1, 2025 to June 30, 2026 2,284 July 1, 2026 to June 30, 2027 2,301 July 1, 2027 to June 30, 2028 2,317 July 1, 2028 to June 30, 2033 3,537 Company Contribution There were no company contributions for the fiscal year ended June 30, 2023.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Jun. 30, 2023
SEGMENT INFORMATION
SEGMENT INFORMATION	14. SEGMENT INFORMATION We have determined that we operate in three identifiable industry segments: (a) security and inspection systems (Security division), (b) medical monitoring systems (Healthcare division) and (c) optoelectronic devices and manufacturing (Optoelectronics and Manufacturing division). We also have a corporate segment (Corporate) that includes executive compensation and certain other general and administrative expenses; expenses related to stock issuances and legal, audit and other professional service fees not allocated to industry segments. Both the Security and Healthcare divisions comprise primarily end-product businesses whereas the Optoelectronics and Manufacturing division primarily supplies components and subsystems to external OEM customers, as well as to the Security and Healthcare divisions. Sales between divisions are at transfer prices that approximate market values. All other accounting policies of the segments are the same as described in Note 1, Summary of Significant Accounting Policies. The following tables present our results of operations and identifiable assets by industry segment (in thousands): Fiscal 2021 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 633,340 $ 212,315 $ 301,247 $ — $ — $ 1,146,902 Revenue between product segments — — 48,640 — (48,640) — Total revenues $ 633,340 $ 212,315 $ 349,887 $ — (48,640) $ 1,146,902 Income (loss) from operations $ 85,515 $ 31,563 $ 38,465 $ (39,769) $ (403) $ 115,371 Segments assets $ 798,192 $ 220,411 $ 282,039 $ 121,293 $ (37,568) $ 1,384,367 Capital expenditures $ 3,290 $ 2,144 $ 6,714 $ 3,612 $ — $ 15,760 Depreciation and amortization $ 26,572 $ 5,364 $ 9,325 $ 2,594 $ — $ 43,855 Fiscal 2022 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 663,159 $ 205,658 $ 314,419 $ — $ — $ 1,183,236 Revenue between product segments — — 52,242 — (52,242) — Total revenues $ 663,159 $ 205,658 $ 366,661 $ — (52,242) $ 1,183,236 Income (loss) from operations $ 98,784 $ 24,696 $ 45,030 $ (46,950) $ 189 $ 121,749 Segments assets $ 839,769 $ 231,423 $ 301,483 $ 104,834 $ (34,359) $ 1,443,150 Capital expenditures $ 5,513 $ 2,295 $ 4,533 $ 2,580 $ — $ 14,921 Depreciation and amortization $ 22,970 $ 5,915 $ 8,098 $ 1,696 $ — $ 38,679 Fiscal 2023 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 760,291 $ 190,488 $ 327,648 $ — $ — $ 1,278,427 Revenue between product segments — — 59,783 — (59,783) — Total revenues $ 760,291 $ 190,488 $ 387,431 $ — $ (59,783) $ 1,278,427 Income (loss) from operations $ 115,023 $ 11,365 $ 46,680 $ (39,075) $ 1,286 $ 135,279 Segments assets $ 948,126 $ 245,856 $ 310,930 $ 94,678 $ (43,904) $ 1,555,686 Capital expenditures $ 3,689 $ 2,726 $ 7,390 $ 1,968 $ 38 $ 15,811 Depreciation and amortization $ 23,504 $ 5,757 $ 7,582 $ 1,670 $ — $ 38,513 The following tables present the revenues and identifiable assets by geographical area (in thousands): Fiscal 2021 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets assets Geographic region: United States $ 589,579 $ 17,498 $ 607,077 $ 126,100 $ 493,423 Mexico 10,583 — 10,583 2,379 2,379 Other Americas 66,732 — 66,732 8,055 29,960 Total Americas 666,894 17,498 684,392 136,534 525,762 United Kingdom 221,423 874 222,297 25,183 80,348 Other Europe, Middle East and Africa 29,879 — 29,879 8,389 8,389 Total EMEA 251,302 874 252,176 33,572 88,737 Asia-Pacific 228,706 30,268 258,974 29,346 32,865 Eliminations — (48,640) (48,640) — — Total $ 1,146,902 $ — $ 1,146,902 $ 199,452 $ 647,364 Fiscal 2022 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets assets Geographic region: United States $ 569,601 $ 16,322 $ 585,923 $ 117,622 $ 514,489 Mexico 8,109 — 8,109 261 261 Other Americas 47,737 — 47,737 8,091 27,676 Total Americas 625,447 16,322 641,769 125,974 542,426 United Kingdom 276,658 2,887 279,545 27,749 80,758 Other Europe, Middle East and Africa 52,952 — 52,952 4,837 6,776 Total EMEA 329,610 2,887 332,497 32,586 87,534 Asia-Pacific 228,179 33,002 261,181 20,589 23,916 Eliminations — (52,211) (52,211) — — Total $ 1,183,236 $ — $ 1,183,236 $ 179,149 $ 653,876 Fiscal 2023 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets Assets Geographic region: United States $ 653,127 $ 17,461 $ 670,588 $ 126,388 $ 534,417 Mexico 23,467 — 23,467 609 609 Other Americas 63,416 — 63,416 8,050 25,844 Total Americas 740,010 17,461 757,471 135,047 560,870 United Kingdom 280,268 5,835 286,103 27,952 87,289 Other Europe, Middle East and Africa 44,498 — 44,498 4,233 6,198 Total EMEA 324,766 5,835 330,601 32,185 93,487 Asia-Pacific 213,651 36,487 250,138 21,478 24,715 Eliminations — (59,783) (59,783) — — Total $ 1,278,427 $ — $ 1,278,427 $ 188,710 $ 679,072 Pursuant to ASC 280 Segment Reporting, external revenues are attributed to individual countries based upon the location of our selling entity. * * * * * *

SUPPLEMENTARY DATA UNAUDITED QU

SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS	12 Months Ended
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS	Jun. 30, 2023
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS	SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS The following tables present unaudited quarterly financial information for the four quarters in the fiscal years ended June 30, 2022 and 2023 (in thousands, except per share data): Quarter Ended September 30, December 31, March 31, June 30, 2021 2021 2022 2022 (Unaudited) Net revenues $ 279,257 $ 276,681 $ 290,477 $ 336,821 Costs of goods sold 179,927 176,908 187,619 214,355 Gross profit 99,330 99,773 102,858 122,466 Operating expenses: Selling, general and administrative 57,323 54,879 57,813 65,538 Research and development 14,817 14,977 15,150 14,639 Impairment, restructuring and other charges, net 2,510 831 1,469 2,732 Total operating expenses 74,650 70,687 74,432 82,909 Income from operations 24,680 29,086 28,426 39,557 Interest and other expense, net (2,016) (2,217) (2,301) (2,428) Other income — — 27,373 — Income before income taxes 22,664 26,869 53,498 37,129 Provision for income taxes (3,612) (7,072) (10,763) (3,366) Net income $ 19,052 $ 19,797 $ 42,735 $ 33,763 Basic earnings per common share $ 1.06 $ 1.11 $ 2.45 $ 1.99 Diluted earnings per common share $ 1.04 $ 1.09 $ 2.41 $ 1.94 Quarter Ended September 30, December 31, March 31, June 30, 2022 2022 2023 2023 (Unaudited) Net revenues $ 268,071 $ 295,597 $ 302,889 $ 411,870 Costs of goods sold 180,574 199,390 199,103 268,850 Gross profit 87,497 96,207 103,786 143,020 Operating expenses: Selling, general and administrative 53,438 54,003 53,707 67,165 Research and development 14,540 14,456 14,852 15,504 Impairment, restructuring and other charges, net 1,219 2,257 890 3,200 Total operating expenses 69,197 70,716 69,449 85,869 Income from operations 18,300 25,491 34,337 57,151 Interest and other expense, net (3,432) (5,180) (5,727) (5,702) Other income — — — — Income before income taxes 14,868 20,311 28,610 51,449 Provision for income taxes (3,633) (3,957) (6,802) (9,068) Net income $ 11,235 $ 16,354 $ 21,808 $ 42,381 Basic earnings per common share $ 0.66 $ 0.97 $ 1.30 $ 2.53 Diluted earnings per common share $ 0.65 $ 0.96 $ 1.27 $ 2.46

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Business	Description of Business We have three reporting segments: (i) Security, providing security and inspection systems and turnkey security screening solutions; (ii) Healthcare, providing patient monitoring, cardiology and remote monitoring, and connected care systems and associated accessories; and (iii) Optoelectronics and Manufacturing, providing specialized electronic components and electronic manufacturing services for our Security and Healthcare divisions, as well as third parties for applications in the defense and aerospace markets, among others. Through our Security segment, we provide security screening products and related services globally. These products and services are used to inspect baggage, parcels, cargo, people, vehicles and other objects for weapons, explosives, drugs, radioactive and nuclear materials and other contraband. In addition to these products, we also provide site design, installation, training and technical support services to our customers. We also provide turnkey security screening solutions, which can include the construction, staffing and long-term operation of security screening checkpoints for our customers. Through our Healthcare segment, we design, manufacture, market and service patient monitoring, cardiology and remote monitoring, and connected care systems and associated accessories globally. These products are used by care providers in critical care, emergency and perioperative areas within the hospital and provide information, through wired and wireless networks, to physicians and nurses who may be at the patient’s bedside, in another area of the hospital or even outside the hospital. Through our Optoelectronics and Manufacturing segment, we design, manufacture and market optoelectronic devices and flex circuits and provide electronics manufacturing services globally for use in a broad range of applications, including aerospace and defense electronics, security and inspection systems, medical imaging and diagnostics, telecommunications, office automation, computer peripherals, industrial automation and consumer products. This division provides products and services to OEM customers and to our own Security and Healthcare divisions.
Consolidation	Consolidation
Use of Estimates	Use of Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents Our cash and cash equivalents totaled $76.8 million at June 30, 2023. Of this amount, approximately 97% was held by our foreign subsidiaries and subject to repatriation tax considerations. These foreign funds were held primarily by our subsidiaries in the United Kingdom, Qatar, Singapore, India, Malaysia and Canada, and to a lesser extent in Indonesia, Australia, Germany and Mexico among other countries. We have cash holdings in financial institutions that exceed insured limits for such financial institutions; however, we mitigate this risk by utilizing international financial institutions of high credit quality.
Accounts Receivable	Accounts Receivable
Inventories	Inventories
Property and Equipment	Property and Equipment
Goodwill and Other Intangible Assets and Valuation of Long-Lived Assets	Goodwill and Other Intangible Assets and Valuation of Long-Lived Assets We evaluate long-lived assets with finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets. If impairment does exist, we measure the impairment loss and record it based on the discounted estimate of future cash flows. In estimating future cash flows, we group assets at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows from other asset groups. Our estimate of future cash flows is based upon, among other things, certain assumptions about expected future operating performance, growth rates and other factors.
Income Taxes	Income Taxes
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The “Level 1” category includes assets and liabilities at quoted prices in active markets for identical assets and liabilities. The “Level 2” category includes assets and liabilities from observable inputs other than quoted market prices. The “Level 3” category includes assets and liabilities for which valuation techniques are unobservable and significant to the fair value measurement. The fair values of our financial assets and liabilities as of June 30, 2022 and 2023 are categorized as follows (in thousands): June 30, 2022 June 30, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets—Insurance company contracts $ — $ 40,284 $ — $ 40,284 $ — $ 47,181 $ — $ 47,181 Assets—Interest rate swap contract $ — $ — $ — $ — $ — $ 5,369 $ — $ 5,369 Liabilities—Convertible debt $ — $ 242,302 $ — $ 242,302 $ — $ — $ — $ — Liabilities—Contingent consideration $ — $ — $ 28,212 $ 28,212 $ — $ — $ 21,181 $ 21,181
Derivative Instruments and Hedging Activity	Derivative Instruments and Hedging Activity The net investment hedge has been designated as a hedge instrument and accounted for under Accounting Standards Codification (“ASC”) 815 Derivatives and Hedging. Hedge effectiveness is assessed using the spot method, consistent with guidance in ASC 815 whereby the change in fair value of the forward contract is recorded in the same manner as the related currency translation adjustments, within other comprehensive income, as the hedging instrument is expected to be fully effective unless the amount hedged exceeds the net investment in the foreign operation, or the foreign operation is liquidated. We settled the net investment hedge during fiscal 2021, and the amount recorded in other comprehensive loss was not significant. There were no net investment hedges outstanding as of June 30, 2023. The net gains or losses from our foreign currency forward contracts, which are not designated as hedge instruments, are reported in the consolidated statements of operations, and the amounts reported for the years ending June 30, 2021, 2022 and 2023 were not significant. The fair value of our foreign currency forward contracts is estimated using a standard valuation model and market-based observable inputs over the contractual term. Unrealized gains are recognized as assets and unrealized losses are recognized as liabilities. As of June 30, 2022 and 2023, we held foreign currency forward contracts with notional amounts totaling $22.9 million and $21.6 million, respectively. Unrealized gains and losses from our foreign currency forward contracts as of June 30, 2022 and 2023 were not significant. The interest rate swap agreement was entered into to improve the predictability of cash flows from interest payments related to our variable, Secured Overnight Financing Rate (“SOFR”) based debt. The interest rate swap matures in December 2026. The interest rate swap is considered an effective cash flow hedge, and as a result, the net gains or losses on such instrument are reported as a component of other comprehensive income in the consolidated financial statements and are reclassified as net income when the underlying hedged interest expense impacts earnings. A qualitative and quantitative assessment over the hedge effectiveness is performed on a quarterly basis, unless facts and circumstances indicate that the hedge may no longer be highly effective. As of June 30, 2022 and 2023, the notional amount of the derivative instruments designated as an interest rate swap hedge was $0 and $175 million, respectively. The fair value of the interest rate swap contract as of June 30, 2023 was $5.4 million and is recorded in Other assets within the consolidated balance sheet. The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows: Fiscal Year Ended June 30, 2022 2023 Total interest and other expense, net presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded $ — $ (20,041) Gain recognized in other comprehensive income — 3,892 Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net — 1,343
Revenue Recognition	Revenue Recognition We recognize revenue under Accounting Standards Product Sales. Service Revenue. Contract Revenue. When determining revenue recognition for contracts, we make judgments based on our understanding of the obligations in each contract. We determine whether or not customer acceptance criteria are perfunctory or inconsequential. The determination of whether or not customer acceptance terms are perfunctory or inconsequential impacts the amount and timing of revenue recognition. Judgments also include estimates of warranty reserves, which are established based on historical experience and knowledge of the product under warranty. Multiple Performance Obligations. In cases where obligations in a contract are distinct and thus require separation into multiple performance obligations, revenue recognition guidance requires that contract consideration be allocated to each distinct performance obligation based on its relative standalone selling price. The value allocated to each performance obligation is then recognized as revenue when the revenue recognition criteria for each distinct obligation or bundle of obligations has been met. The standalone selling price for each performance obligation is an amount that depicts the amount of consideration to which the entity expects to be entitled in exchange for transferring the good or service. When there is only one performance obligation associated with a contract, the entire sale value is attributed to that obligation. When a contract contains multiple performance obligations, the standalone selling price is first estimated using the observable price, which is generally a list price net of applicable discount, or the price used to sell the good or service in similar circumstances. In circumstances when a selling price is not directly observable, we will estimate the standalone selling price using information available to us including our market assessment and/or expected cost plus margin. The timetable for fulfilment of each of the distinct performance obligations can range from completion in a short amount of time and entirely within a single reporting period to completion over several reporting periods. The timing of revenue recognition for each performance obligation may be dependent upon several milestones, including physical delivery of equipment, completion of factory acceptance test, completion of site acceptance test, installation and connectivity of equipment, certification of training of personnel and, in the case of after-market service deliverables, the passage of time (typically evenly over the post-warranty period of the service deliverable). We often provide a guarantee to support our performance under multiple performance obligations. In the event that customers are permitted to terminate such arrangements, the underlying contract typically requires payment for deliverables and reimbursement of costs incurred through the date of termination. We disaggregate revenue by reporting segment (Security, Optoelectronics and Manufacturing, and Healthcare) to depict the nature of revenue in a manner consistent with our business operations and to be consistent with other communications and public filings. Refer to Note 14 for additional details of revenues by reporting segment. Contract Assets and Liabilities. Practical Expedients. In cases where we are responsible for shipping after the customer has obtained control of the goods, we have elected to treat the shipping activities as fulfillment activities rather than as a separate performance obligation. Additionally, we have elected to capitalize the cost to obtain a contract only if the period of amortization would be longer than one year. We only give consideration to whether a customer agreement has a financing component if the period of time between transfer of goods and services and customer payment is greater than one year.
Freight	Freight
Research and Development Costs	Research and Development Costs
Stock-Based Compensation	Stock-Based Compensation
Impairment, Restructuring and Other Charges	Impairment, Restructuring and Other Charges
Credit Risk and Concentration	Credit Risk and Concentration Our cash and cash equivalents totaled $64.2 million and $76.8 million at June 30, 2022 and 2023, respectively. Of these amounts, approximately 78% and 97% was held by our foreign subsidiaries at June 30, 2022 and 2023, respectively. For cost, quality control, technological, and efficiency reasons, we purchase certain materials, parts, and components only from single vendors with whom we have ongoing relationships. We do, however, qualify second sources for many of our materials, parts, and components. While management believes that relying on key vendors improves the efficiency and reliability of business operations, relying on any one vendor for a significant aspect of business can have a significant negative impact on revenue and profitability if that vendor fails to perform at acceptable service levels for any reason, including financial difficulties of the vendor.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions — We transact business in various foreign currencies. In countries where the functional currency of the underlying operations has been determined to be the local country’s currency, revenues and expenses of operations outside the United States are translated into United States dollars using average exchange rates while assets and liabilities of operations outside the United States are translated into United States dollars using period-end exchange rates. The effects of foreign currency translation adjustments are included in stockholders’ equity as a component of accumulated other comprehensive income (loss) in the accompanying consolidated balance sheets. We also have subsidiaries where the United States dollar has been designated as the functional currency based on individual facts and circumstances. Remeasurement of non-United States dollar monetary assets and liabilities are translated using period-end exchange rates and associated gains and losses are recognized in the consolidated statements of operations. Non-monetary assets and liabilities are translated using historical exchange rates. Transaction gains and losses, which were included in our consolidated statement of operations, amounted to a net gain (loss) of approximately $ (1.3) million, $0.6 million and $2.0 million for the fiscal years ended June 30, 2021, 2022 and 2023, respectively.
Business Combinations	Business Combinations
Earnings Per Share Computations	Earnings per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): 2021 2022 2023 Net income available to common stockholders $ 74,049 $ 115,347 $ 91,778 Weighted average shares outstanding—basic 17,968 17,551 16,828 Dilutive effect of equity awards 420 319 362 Weighted average shares outstanding—diluted 18,388 17,870 17,190 Basic earnings per share $ 4.12 $ 6.57 $ 5.45 Diluted earnings per share $ 4.03 $ 6.45 $ 5.34 Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect 47 47 49
Warranty Provision	Warranty Provision 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 Warranty claims provided for/assumed in acquisition 4,193 Settlements made (6,391) Warranty provision as of June 30, 2023 $ 11,149
Leases	Leases —Right-of-use (“ROU”) assets represent our right to use an underlying asset during the reasonably certain lease terms, and lease liabilities represent our obligation to make lease payments arising from the leases. We recognize ROU lease assets and lease liabilities at lease commencement on our consolidated balance sheet based on the present value of lease payments over the lease term using a discount rate determined based on our incremental borrowing rate since the rate implicit in each lease is not readily determinable. We elected the package of practical expedients, which permits us to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification of any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. We elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component. We also elected the hindsight practical expedient, which allows us to use hindsight in determining the lease term. We do not record a ROU asset and corresponding lease liability for leases with an initial term of one year or less (“short-term leases”). The terms in our leases may include options to extend or terminate the lease. We recognize ROU assets and liabilities when it is reasonably certain that we will exercise those options. Judgment is required in our assessment as to whether renewal or termination options are reasonably certain to be exercised and factors such as contractual terms compared to current market rates and the importance of the facility and location to our operations, among others, are considered. Lease payments are made in accordance with the lease terms, and lease expense, including short-term lease expense, is recognized on a straight-line basis over the lease term. We lease facilities and certain equipment under various operating lease agreements. The majority of our lease arrangements are comprised of fixed payments while certain of our other leases provide for periodic rent increases. Our leases may contain escalation clauses and renewal options. Most of the leases require us to pay for certain other costs such as common area maintenance and property taxes. Rent expense for leases with periodic rent increases or escalation clauses is recognized on a straight-line basis over the minimum lease term. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. We also have finance leases for fleet vehicles that are not material to the consolidated financial statements.
Subsequent Events	Subsequent Events
Recent Accounting Guidance	Recent Accounting Guidance From time to time, new accounting pronouncements are issued by the FASB and other regulatory bodies that are adopted as of the specified effective dates. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on our Consolidated Financial Statements upon adoption.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of fair values of our financial assets and liabilities	The fair values of our financial assets and liabilities as of June 30, 2022 and 2023 are categorized as follows (in thousands): June 30, 2022 June 30, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets—Insurance company contracts $ — $ 40,284 $ — $ 40,284 $ — $ 47,181 $ — $ 47,181 Assets—Interest rate swap contract $ — $ — $ — $ — $ — $ 5,369 $ — $ 5,369 Liabilities—Convertible debt $ — $ 242,302 $ — $ 242,302 $ — $ — $ — $ — Liabilities—Contingent consideration $ — $ — $ 28,212 $ 28,212 $ — $ — $ 21,181 $ 21,181
Summary of unrealized gains and losses from our foreign currency forward contracts	Fiscal Year Ended June 30, 2022 2023 Total interest and other expense, net presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded $ — $ (20,041) Gain recognized in other comprehensive income — 3,892 Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net — 1,343
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): 2021 2022 2023 Net income available to common stockholders $ 74,049 $ 115,347 $ 91,778 Weighted average shares outstanding—basic 17,968 17,551 16,828 Dilutive effect of equity awards 420 319 362 Weighted average shares outstanding—diluted 18,388 17,870 17,190 Basic earnings per share $ 4.12 $ 6.57 $ 5.45 Diluted earnings per share $ 4.03 $ 6.45 $ 5.34 Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect 47 47 49
Schedule of warranty provision	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 Warranty claims provided for/assumed in acquisition 4,193 Settlements made (6,391) Warranty provision as of June 30, 2023 $ 11,149

BALANCE SHEET DETAILS (Tables)

BALANCE SHEET DETAILS (Tables)	12 Months Ended
BALANCE SHEET DETAILS (Tables)	Jun. 30, 2023
BALANCE SHEET DETAILS
Schedule of selected balance sheet accounts	The following tables provide details of selected balance sheet accounts (in thousands): June 30, Accounts receivable, net 2022 2023 Accounts receivable $ 326,849 $ 395,218 Less allowance for doubtful accounts (18,876) (14,373) Total $ 307,973 $ 380,845 June 30, Inventories 2022 2023 Raw materials $ 213,290 $ 233,217 Work-in-process 46,873 56,329 Finished goods 73,744 48,462 Total $ 333,907 $ 338,008 Estimated Useful June 30, Property and equipment, net Lives 2022 2023 Land N/A $ 15,028 $ 15,691 Buildings, civil works and improvements 5 - 40 years 47,309 49,166 Leasehold improvements 1 - 13 years 11,599 13,553 Equipment and tooling 3 - 10 years 128,425 135,703 Furniture and fixtures 3 - 10 years 3,592 3,632 Computer equipment 3 - 5 years 21,208 24,119 Computer software 3 - 10 years 25,153 26,981 Computer software implementation in process N/A 9,422 9,705 Construction in process N/A 5,283 4,108 Total 267,019 282,658 Less accumulated depreciation and amortization (157,335) (173,725) Property and equipment, net $ 109,684 $ 108,933

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Tables)	Jun. 30, 2023
GOODWILL AND INTANGIBLE ASSETS
Schedule of changes in the carrying value of goodwill by segment	The changes in the carrying amount of goodwill by segment for fiscal 2022 and 2023 are as follows (in thousands): Optoelectronics and Security Healthcare Manufacturing Division Division Division Consolidated Balance as of June 30, 2021 $ 206,426 $ 43,584 $ 70,294 $ 320,304 Goodwill acquired or adjusted during the period 19,436 — — 19,436 Foreign currency translation adjustment (307) (397) (2,679) (3,383) Balance as of June 30, 2022 $ 225,555 $ 43,187 $ 67,615 $ 336,357 Goodwill acquired or adjusted during the period 5,021 5,161 2,574 12,756 Foreign currency translation adjustment 86 107 199 392 Balance as of June 30, 2023 $ 230,662 $ 48,455 $ 70,388 $ 349,505
Schedule of intangible assets	Intangible assets consisted of the following (dollar amounts in thousands): June 30, 2022 June 30, 2023 Weighted Gross Gross Average Carrying Accumulated Intangibles Carrying Accumulated Intangibles Lives Value Amortization Net Value Amortization Net Amortizable assets: Software development costs 7 - 8 years $ 64,096 $ (18,934) $ 45,162 $ 77,844 $ (20,285) $ 57,559 Patents 19 years 8,541 (2,987) 5,554 8,636 (3,404) 5,232 Developed technology 10 years 66,901 (31,071) 35,830 68,274 (38,353) 29,921 Customer relationships 7 - 8 years 53,736 (32,785) 20,951 55,780 (39,101) 16,679 Total amortizable assets 193,274 (85,777) 107,497 210,534 (101,143) 109,391 Non-amortizable assets: In-process R&D 533 — 533 533 — 533 Trademarks 30,340 — 30,340 30,933 — 30,933 Total intangible assets $ 224,147 $ (85,777) $ 138,370 $ 242,000 $ (101,143) $ 140,857
Schedule of estimated future amortization expense for intangible assets	At June 30, 2023, the estimated future amortization expense was as follows (in thousands): 2024 $ 18,758 2025 16,042 2026 13,112 2027 9,054 2028 6,544 Thereafter 45,881 Total $ 109,391

CONTRACT ASSETS AND LIABILITI_2

CONTRACT ASSETS AND LIABILITIES (Tables)	12 Months Ended
CONTRACT ASSETS AND LIABILITIES (Tables)	Jun. 30, 2023
CONTRACT ASSETS AND LIABILITIES
Schedule of contract assets and contract liabilities	Contract Assets (dollar amounts in thousands) June 30, June 30, 2022 2023 Change % Change Unbilled revenue (included in accounts receivable, net) $ 43,287 $ 86,818 $ 43,531 101 % Contract Liabilities (dollar amounts in thousands) June 30, June 30, 2022 2023 Change % Change Advances from customers $ 19,917 $ 21,250 $ 1,333 7 % Deferred revenue—current 31,396 43,861 12,465 40 % Deferred revenue—long-term 20,476 22,200 1,724 8 %

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Jun. 30, 2023
LEASES
Schedule of components of operating lease expense	The components of operating lease expense for the fiscal years ended June 30, 2022 and 2023 were as follows (in thousands): Fiscal Year Ended June 30, 2022 2023 Operating lease cost $ 10,390 $ 11,364 Variable lease cost 856 1,323 Short-term lease cost 1,061 923 $ 12,307 $ 13,610
Schedule of supplemental disclosures related to operating leases	Supplemental balance sheet assets and liabilities related to operating leases were as follows (dollar amounts in thousands): Balance Sheet Category June 30, 2022 June 30, 2023 Operating lease ROU assets, net Other assets $ 39,461 $ 32,618 Operating lease liabilities, current portion Other accrued expenses and current liabilities $ 9,700 $ 9,787 Operating lease liabilities, long-term Other long-term liabilities 30,363 23,733 Total operating lease liabilities $ 40,063 $ 33,520 Weighted average remaining lease term 4.2 years Weighted average discount rate 3.7 %
Schedule of supplemental cash flow information related to operating leases	Supplemental cash flow information related to operating leases for the year ended June 30, 2023 was as follows (in thousands): Fiscal Year Ended June 30, 2022 2023 Cash paid for operating lease liabilities $ 10,046 $ 11,418 ROU assets obtained in exchange for new lease obligations 27,402 14,574
Schedule of maturities of operating lease liabilities	Maturities of operating lease liabilities at June 30, 2023 were as follows (in thousands): June 30, 2023 Less than one year $ 10,813 1 – 2 years 8,596 2 – 3 years 7,032 3 – 4 years 6,101 4 – 5 years 1,748 Thereafter 1,966 36,256 Less: Imputed interest (2,736) Total lease liabilities $ 33,520

IMPAIRMENT, RESTRUCTURING AND_2

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Tables)	12 Months Ended
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Tables)	Jun. 30, 2023
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Schedule of impairment, restructuring and other charges (benefit), net	The following tables summarize impairment, restructuring and other charges for the periods set forth below (in thousands): Fiscal 2021 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Total Impairment charges $ 552 $ — $ — $ — $ 552 Acquisition-related costs 249 27 — — 276 Employee termination costs 4,130 — 315 — 4,445 Mexico transaction costs 2,691 — — — 2,691 Facility closures/consolidation 1,675 — — — 1,675 Legal costs, net — — — 465 465 Total expensed $ 9,297 $ 27 $ 315 $ 465 $ 10,104 Fiscal 2022 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Total Impairment charges $ — $ — $ — $ 1,006 $ 1,006 Acquisition-related costs 232 — — 56 288 Employee termination costs 1,077 — 100 — 1,177 Facility closures/consolidation (33) — — — (33) Legal costs, net — — — 5,104 5,104 Total expensed $ 1,276 $ — $ 100 $ 6,166 $ 7,542 Fiscal 2023 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Total Acquisition-related costs $ 23 $ 225 $ 7 $ 127 $ 382 Employee termination costs 849 355 532 — 1,736 Facility closures/consolidation 35 — 1,504 — 1,539 Legal costs, net 808 2,497 464 140 3,909 Total expensed $ 1,715 $ 3,077 $ 2,507 $ 267 $ 7,566
Schedule of changes in the accrued liability for restructuring and other charges	The accrued liability for restructuring and other charges is included in other accrued expenses and current liabilities in the consolidated balance sheet. The changes in the accrued liability for restructuring and other charges for fiscal 2022 and 2023 were as follows (in thousands): Facility Acquisition- Employee Closure / Legal Related Termination Consolidation Costs and Costs Costs Cost Settlements Total Balance as of June 30, 2021 $ — $ 250 $ 386 $ 2,772 $ 3,408 Restructuring and other charges (benefit), net 288 1,177 (33) 6,110 7,542 Payments, adjustments and reimbursements, net (288) (1,246) (330) (7,102) (8,966) Balance as of June 30, 2022 $ — $ 181 $ 23 $ 1,780 $ 1,984 Restructuring and other charges (benefit), net 383 1,736 1,539 3,909 7,567 Payments, adjustments and reimbursements, net (376) (1,810) 47 (5,033) (7,172) Balance as of June 30, 2023 $ 7 $ 107 $ 1,609 $ 656 $ 2,379

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
BORROWINGS (Tables)	Jun. 30, 2023
BORROWINGS
Schedule of long-term debt	Long-term debt consisted of the following (in thousands): June 30, 2022 2023 1.25% convertible notes due September 1, 2022: Principal amount $ 242,302 $ — Unamortized debt issuance costs (196) — 242,106 — Term loan 50,000 143,125 Other long-term debt 1,137 1,442 293,243 144,567 Less current portion of long-term debt (244,575) (8,076) Long-term portion of debt $ 48,668 $ 136,491
Schedule of fiscal year principal payments of long-term debt	Fiscal year principal payments of long-term debt as of June 30, 2023 are as follows (in thousands): 2024 $ 8,076 2025 7,992 2026 7,801 2027 120,698 2028 and thereafter — Total $ 144,567

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Jun. 30, 2023
STOCKHOLDERS' EQUITY
Schedule of stock-based compensation expense in the consolidated statements of operations	We recorded stock-based compensation expense in the consolidated statements of operations as follows (in thousands): 2021 2022 2023 Cost of goods sold $ 760 $ 812 $ 911 Selling, general and administrative 25,457 26,749 27,716 Research and development 554 511 497 Stock-based compensation expense $ 26,771 $ 28,072 $ 29,124
Schedule of weighted average assumptions used to determine the fair value calculations for stock options issued	2021 2022 2023 Expected dividend — — — Risk-free interest rate 0.4 % 1.2 % 3.9 % Expected volatility 26.0 % 31.0 % 31.0 % Expected holding period (in years) 4.5 4.5 4.5
Schedule of stock option activity	The following summarizes stock option activity for fiscal years 2021, 2022 and 2023: Weighted- Average Weighted-Average Aggregate Number of Exercise Remaining Contractual Intrinsic Value Options Price Term (in thousands) Outstanding at June 30, 2020 326,304 $ 44.41 Granted 22,171 82.17 Exercised (88,657) 35.19 Expired or forfeited (4,598) 80.46 Outstanding at June 30, 2021 255,220 $ 50.24 Granted 22,954 96.38 Exercised (166,629) 35.09 Expired or forfeited (900) 73.99 Outstanding at June 30, 2022 110,645 $ 82.43 Granted 23,351 87.90 Exercised (47,354) 77.42 Expired or forfeited (2,965) 74.06 Outstanding at June 30, 2023 83,677 $ 87.09 7.1 years $ 2,572 Exercisable at June 30, 2023 38,977 $ 83.79 5.1 years $ 1,327
Schedule of stock option activity	Weighted- Average Shares Fair Value Nonvested at June 30, 2020 423,590 $ 88.68 Granted 339,311 80.40 Vested (313,892) 86.12 Forfeited (13,084) 85.78 Nonvested at June 30, 2021 435,925 $ 84.16 Granted 334,435 90.31 Vested (337,442) 82.66 Forfeited (5,471) 83.66 Nonvested at June 30, 2022 427,447 $ 90.17 Granted 357,475 87.90 Vested (313,862) 96.36 Forfeited (15,545) 88.42 Nonvested at June 30, 2023 455,515 $ 85.15

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Jun. 30, 2023
INCOME TAXES
Schedule of geographical breakdown of income before the provision for income taxes	The following is a geographical breakdown of income before the provision for income taxes (in thousands): 2021 2022 2023 Pre-tax income: United States $ 34,323 $ 51,295 $ 7,114 Foreign 64,317 88,865 108,124 Total pre-tax income $ 98,640 $ 140,160 $ 115,238
Schedule of provision (benefit) for income taxes	Our provision (benefit) for income taxes consists of the following (in thousands): 2021 2022 2023 Current: Federal $ 4,407 $ 6,216 $ 6,860 State 1,190 1,964 861 Foreign 18,562 13,113 19,717 Total current provision 24,159 21,293 27,438 Deferred: Federal $ 679 $ 3,915 $ (2,547) State 464 133 (678) Foreign (711) (528) (753) Total deferred provision (benefit) 432 3,520 (3,978) Total provision $ 24,591 $ 24,813 $ 23,460
Summary of activity of unrecognized tax benefits	A summary of activity of unrecognized tax benefits for fiscal 2022 and 2023 is as follows (in thousands). Balance at June 30, 2021 $ 19,677 Additions on tax positions for the current year 3,084 Additions on tax positions from prior years 1,479 Reduction in tax positions from prior year (10,663) Balance at June 30, 2022 $ 13,577 Additions on tax positions for the current year 3,225 Additions on tax positions from prior years 2,582 Reduction in tax positions from prior year (4,406) Balance at June 30, 2023 $ 14,978
Schedule of deferred income tax assets (liabilities)	Deferred income tax assets (liabilities) consisted of the following (in thousands): June 30, 2022 2023 Deferred income tax assets: Tax credit carryforwards $ 13,130 $ 5,934 Net operating loss carryforwards 6,494 3,678 Customer advances 2,848 3,443 Allowance for doubtful accounts 4,471 2,994 Inventory reserve 11,636 11,026 Inventory capitalization 406 481 Accrued liabilities 3,241 2,956 Operating lease liabilities 8,714 8,043 Stock and deferred compensation 10,601 12,224 Other assets 1,446 1,164 Total deferred income tax assets 62,987 51,943 Valuation allowance (12,301) (8,433) Net deferred income tax assets 50,686 43,510 Deferred income tax liabilities: Depreciation (7,604) (5,860) Amortization of intangible assets (31,518) (21,617) Withholding tax on unrepatriated foreign earnings (6,851) (6,851) Operating lease ROU assets (8,480) (7,931) State transition tax (1,754) (1,754) Other liabilities (1,750) (1,824) Total deferred income tax liabilities (57,957) (45,837) Net deferred income tax liability $ (7,271) $ (2,327)
Schedule of components of net deferred income tax liability	The components of the net deferred income tax liability are classified in the consolidated balance sheets as follows (in thousands): June 30, 2022 2023 Long term deferred income tax asset, included in other assets $ 3,841 $ 4,244 Long term deferred income tax liability (11,112) (6,571) Net deferred income tax liability $ (7,271) $ (2,327)
Schedule of components of current taxes receivable and payable and prepaid taxes	The components of current taxes receivable and payable and prepaid taxes are classified in the consolidated balance sheets as follows (in thousands): June 30, 2022 2023 Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets $ 7,843 $ 7,216 Current taxes payable, included in other accrued expenses and current liabilities (7,722) (13,692) Net tax receivable (payable) $ 121 $ (6,476)
Schedule of consolidated effective income tax rate differs from the federal statutory income tax rate	June 30, 2021 2022 2023 Provision for income taxes at federal statutory rate 21.0 % 21.0 % 21.0 % Research and development tax credits (1.7) (1.3) (1.5) Foreign income subject to tax at other than federal statutory rate 0.6 0.2 0.2 Stock compensation (0.9) (1.2) (0.4) Officers’ compensation 5.8 4.3 5.5 Change in valuation allowance (5.9) (4.0) (0.5) Unrecognized tax expense (benefit) 4.2 (1.4) 0.3 Tax on foreign currency gains and losses (0.2) — (0.6) State tax expense 1.2 1.0 0.3 U.S. tax on foreign earnings (1.8) 0.9 1.4 Changes in prior year estimates — (0.6) (1.1) Global intangible low-taxed income, net of foreign tax credits 0.5 0.3 0.8 Foreign Derived Intangible Income Benefit (1.3) (1.3) (1.8) Non-taxable earnings from acquisitions (0.4) (0.6) (2.1) Patent box benefit — (0.3) (1.9) Withholding tax on foreign earnings 3.4 — — Other 0.4 0.7 0.8 Effective income tax rate 24.9 % 17.7 % 20.4 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
Schedule of roll-forward of the contingent consideration liability	These projections and probabilities are used to estimate future contingent earnout payments, which are discounted back to present value to compute contingent earnout liabilities. The following table provides a roll-forward from June 30, 2022 to June 30, 2023 of the contingent consideration liability, which is included in other accrued expenses and current liabilities, and other long-term liabilities in our consolidated balance sheets (in thousands): Beginning fair value, June 30, 2022 $ 28,212 Addition of contingent earnout obligations 5,506 Foreign currency translation adjustment 27 Changes in fair value for contingent earnout obligations (11,901) Payments on contingent earnout obligations (663) Ending fair value, June 30, 2023 $ 21,181

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Tables)	Jun. 30, 2023
EMPLOYEE BENEFIT PLANS
Schedule of the changes in the plans' benefit obligations fair value of assets and funded status	The following provides a reconciliation of the changes in the plans’ benefit obligations and fair value of assets for fiscal years 2022 and 2023, and a statement of the funded status as of June 30, 2022 and 2023 (in thousands): 2022 2023 Change in Benefit Obligation Benefit obligation at beginning of year $ 18,434 $ 18,464 Translation adjustment (708) 149 Interest costs 464 624 Amendment 1,345 — Actuarial gain (900) (847) Benefits paid (171) (162) Benefit obligation at end of year 18,464 18,228 Change in Plan Assets Fair value of plan assets at beginning of year 7,010 5,977 Translation adjustment (860) 243 Actual return on plan assets (47) 413 Benefits paid (126) (120) Fair value of plan assets at end of year 5,977 6,513 Funded status and net amount recognized $ (12,487) $ (11,715) Amount recognized in consolidated balance sheets consists of: Net benefit asset (included in other current assets) $ 2,275 $ 3,264 Current portion of net pension liability (included in other current liabilities) (180) (6,189) Net long term pension liability (included in other long-term liabilities) (14,582) (8,790) Accumulated other comprehensive income 4,609 2,365
Schedule of net periodic pension costs	The following table provides the net periodic benefit costs for the fiscal years ended June 30, (in thousands): 2021 2022 2023 Net Periodic Benefit Costs Interest costs $ 477 $ 464 $ 624 Service costs — — — Expected return on plan assets (242) (279) (340) Amortization of prior service costs 668 1,115 1,330 Recognized actuarial loss 75 41 83 Net periodic benefit cost $ 978 $ 1,341 $ 1,697
Schedule of plan assumptions	2022 2023 Weighted average assumptions at year-end: Discount rate 3.0 % 5.3 % Expected return on plan assets 4.2 % 5.8 % Rate of compensation increase — % — %
Schedule of plan assets and investment policy	Fiscal year ended Fiscal year ended June 30, 2022 June 30, 2023 Proportion of Expected Rate Proportion of Expected Rate Fair Value of Return Fair Value of Return Equity securities 85 % 4.9 % 86 % 6.6 % Debt securities 14 % 0.8 % 13 % 0.8 % Cash 1 % 0.4 % 1 % 0.4 % Combined 100 % 4.2 % 100 % 5.8 %
Schedule of estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost	The following table reflects estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost, as of June 30, 2023 (in thousands): Pension Benefits July 1, 2023 to June 30, 2024 $ 6,189 July 1, 2024 to June 30, 2025 1,525 July 1, 2025 to June 30, 2026 2,284 July 1, 2026 to June 30, 2027 2,301 July 1, 2027 to June 30, 2028 2,317 July 1, 2028 to June 30, 2033 3,537

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Jun. 30, 2023
SEGMENT INFORMATION
Schedule of results of operations and identifiable assets by industry segment	The following tables present our results of operations and identifiable assets by industry segment (in thousands): Fiscal 2021 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 633,340 $ 212,315 $ 301,247 $ — $ — $ 1,146,902 Revenue between product segments — — 48,640 — (48,640) — Total revenues $ 633,340 $ 212,315 $ 349,887 $ — (48,640) $ 1,146,902 Income (loss) from operations $ 85,515 $ 31,563 $ 38,465 $ (39,769) $ (403) $ 115,371 Segments assets $ 798,192 $ 220,411 $ 282,039 $ 121,293 $ (37,568) $ 1,384,367 Capital expenditures $ 3,290 $ 2,144 $ 6,714 $ 3,612 $ — $ 15,760 Depreciation and amortization $ 26,572 $ 5,364 $ 9,325 $ 2,594 $ — $ 43,855 Fiscal 2022 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 663,159 $ 205,658 $ 314,419 $ — $ — $ 1,183,236 Revenue between product segments — — 52,242 — (52,242) — Total revenues $ 663,159 $ 205,658 $ 366,661 $ — (52,242) $ 1,183,236 Income (loss) from operations $ 98,784 $ 24,696 $ 45,030 $ (46,950) $ 189 $ 121,749 Segments assets $ 839,769 $ 231,423 $ 301,483 $ 104,834 $ (34,359) $ 1,443,150 Capital expenditures $ 5,513 $ 2,295 $ 4,533 $ 2,580 $ — $ 14,921 Depreciation and amortization $ 22,970 $ 5,915 $ 8,098 $ 1,696 $ — $ 38,679 Fiscal 2023 Optoelectronics and Security Healthcare Manufacturing Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 760,291 $ 190,488 $ 327,648 $ — $ — $ 1,278,427 Revenue between product segments — — 59,783 — (59,783) — Total revenues $ 760,291 $ 190,488 $ 387,431 $ — $ (59,783) $ 1,278,427 Income (loss) from operations $ 115,023 $ 11,365 $ 46,680 $ (39,075) $ 1,286 $ 135,279 Segments assets $ 948,126 $ 245,856 $ 310,930 $ 94,678 $ (43,904) $ 1,555,686 Capital expenditures $ 3,689 $ 2,726 $ 7,390 $ 1,968 $ 38 $ 15,811 Depreciation and amortization $ 23,504 $ 5,757 $ 7,582 $ 1,670 $ — $ 38,513
Schedule of revenues and identifiable assets by geographical area	The following tables present the revenues and identifiable assets by geographical area (in thousands): Fiscal 2021 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets assets Geographic region: United States $ 589,579 $ 17,498 $ 607,077 $ 126,100 $ 493,423 Mexico 10,583 — 10,583 2,379 2,379 Other Americas 66,732 — 66,732 8,055 29,960 Total Americas 666,894 17,498 684,392 136,534 525,762 United Kingdom 221,423 874 222,297 25,183 80,348 Other Europe, Middle East and Africa 29,879 — 29,879 8,389 8,389 Total EMEA 251,302 874 252,176 33,572 88,737 Asia-Pacific 228,706 30,268 258,974 29,346 32,865 Eliminations — (48,640) (48,640) — — Total $ 1,146,902 $ — $ 1,146,902 $ 199,452 $ 647,364 Fiscal 2022 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets assets Geographic region: United States $ 569,601 $ 16,322 $ 585,923 $ 117,622 $ 514,489 Mexico 8,109 — 8,109 261 261 Other Americas 47,737 — 47,737 8,091 27,676 Total Americas 625,447 16,322 641,769 125,974 542,426 United Kingdom 276,658 2,887 279,545 27,749 80,758 Other Europe, Middle East and Africa 52,952 — 52,952 4,837 6,776 Total EMEA 329,610 2,887 332,497 32,586 87,534 Asia-Pacific 228,179 33,002 261,181 20,589 23,916 Eliminations — (52,211) (52,211) — — Total $ 1,183,236 $ — $ 1,183,236 $ 179,149 $ 653,876 Fiscal 2023 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets Assets Geographic region: United States $ 653,127 $ 17,461 $ 670,588 $ 126,388 $ 534,417 Mexico 23,467 — 23,467 609 609 Other Americas 63,416 — 63,416 8,050 25,844 Total Americas 740,010 17,461 757,471 135,047 560,870 United Kingdom 280,268 5,835 286,103 27,952 87,289 Other Europe, Middle East and Africa 44,498 — 44,498 4,233 6,198 Total EMEA 324,766 5,835 330,601 32,185 93,487 Asia-Pacific 213,651 36,487 250,138 21,478 24,715 Eliminations — (59,783) (59,783) — — Total $ 1,278,427 $ — $ 1,278,427 $ 188,710 $ 679,072

SUPPLEMENTARY DATA UNAUDITED _2

SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS (Tables)	12 Months Ended
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS (Tables)	Jun. 30, 2023
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS
Schedule of unaudited quarterly financial information	The following tables present unaudited quarterly financial information for the four quarters in the fiscal years ended June 30, 2022 and 2023 (in thousands, except per share data): Quarter Ended September 30, December 31, March 31, June 30, 2021 2021 2022 2022 (Unaudited) Net revenues $ 279,257 $ 276,681 $ 290,477 $ 336,821 Costs of goods sold 179,927 176,908 187,619 214,355 Gross profit 99,330 99,773 102,858 122,466 Operating expenses: Selling, general and administrative 57,323 54,879 57,813 65,538 Research and development 14,817 14,977 15,150 14,639 Impairment, restructuring and other charges, net 2,510 831 1,469 2,732 Total operating expenses 74,650 70,687 74,432 82,909 Income from operations 24,680 29,086 28,426 39,557 Interest and other expense, net (2,016) (2,217) (2,301) (2,428) Other income — — 27,373 — Income before income taxes 22,664 26,869 53,498 37,129 Provision for income taxes (3,612) (7,072) (10,763) (3,366) Net income $ 19,052 $ 19,797 $ 42,735 $ 33,763 Basic earnings per common share $ 1.06 $ 1.11 $ 2.45 $ 1.99 Diluted earnings per common share $ 1.04 $ 1.09 $ 2.41 $ 1.94 Quarter Ended September 30, December 31, March 31, June 30, 2022 2022 2023 2023 (Unaudited) Net revenues $ 268,071 $ 295,597 $ 302,889 $ 411,870 Costs of goods sold 180,574 199,390 199,103 268,850 Gross profit 87,497 96,207 103,786 143,020 Operating expenses: Selling, general and administrative 53,438 54,003 53,707 67,165 Research and development 14,540 14,456 14,852 15,504 Impairment, restructuring and other charges, net 1,219 2,257 890 3,200 Total operating expenses 69,197 70,716 69,449 85,869 Income from operations 18,300 25,491 34,337 57,151 Interest and other expense, net (3,432) (5,180) (5,727) (5,702) Other income — — — — Income before income taxes 14,868 20,311 28,610 51,449 Provision for income taxes (3,633) (3,957) (6,802) (9,068) Net income $ 11,235 $ 16,354 $ 21,808 $ 42,381 Basic earnings per common share $ 0.66 $ 0.97 $ 1.30 $ 2.53 Diluted earnings per common share $ 0.65 $ 0.96 $ 1.27 $ 2.46

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Description of Business (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)
Description of Business
Number of reporting segments \| segment	3
Consolidation
Readily determinable fair value for the equity interests	$ 0
Cash and Cash Equivalents
Cash and cash equivalents	$ 76,750	$ 64,202
Cash, cash equivalents, and investments held by our foreign subsidiaries and subject to repatriation tax considerations(as a percentage)	97%
Goodwill and Other Intangible Assets and Valuation of Long Lived Assets
Number of reporting units \| segment	3
Goodwill impairment	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair values of financial assets and liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Fair Value of Financial Instruments
Liabilities-Contingent consideration	$ 21,181	$ 28,212
Fair value recurring
Fair Value of Financial Instruments
Assets-Insurance company contracts	47,181	40,284
Assets-Interest rate swap contract	5,369
Liabilities-Convertible debt		242,302
Liabilities-Contingent consideration	21,181	28,212
Fair value recurring \| Level 2
Fair Value of Financial Instruments
Assets-Insurance company contracts	47,181	40,284
Assets-Interest rate swap contract	5,369
Liabilities-Convertible debt		242,302
Fair value recurring \| Level 3
Fair Value of Financial Instruments
Liabilities-Contingent consideration	$ 21,181	$ 28,212

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Derivative Instruments and Hedging Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activity
Net investment hedges outstanding	$ 0
Interest and other expense, net	(20,041)	$ (8,962)	$ (16,731)
Gain recognized in other comprehensive income	3,892
Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net	1,343
Foreign currency forward contracts
Derivative Instruments and Hedging Activity
Notional amounts	21,600	22,900
Interest rate swap
Derivative Instruments and Hedging Activity
Notional amount	0	$ 175,000
Fair value	$ 5,400

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Credit Risk and Concentration (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) customer	Jun. 30, 2022 USD ($) customer	Jun. 30, 2021 customer
Credit Risk and Concentration
Financing component	true
Number of major customers \| customer	1	0	0
Cash and cash equivalents \| $	$ 76,750	$ 64,202
Foreign subsidiaries \| Cash and cash equivalents \| Cash and cash equivalents concentration risk
Credit Risk and Concentration
Concentration (as a percent)	97%	78%
Customer one \| Revenues \| Customer
Credit Risk and Concentration
Concentration (as a percent)	11%
One customer. \| Revenues \| Customer
Credit Risk and Concentration
Concentration (as a percent)		10%	10%

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Dilutive effect of the Notes									0	0	0
Lease, Practical Expedient, Use of Hindsight [true false]									true
Foreign Currency Translation
Transaction gain (loss)									$ 2,000	$ 600	$ (1,300)
Per Share Computations
Net income	$ 42,381	$ 21,808	$ 16,354	$ 11,235	$ 33,763	$ 42,735	$ 19,797	$ 19,052	$ 91,778	$ 115,347	$ 74,049
Weighted average shares outstanding-basic									16,828,000	17,551,000	17,968,000
Dilutive effect of equity awards									362,000	319,000	420,000
Weighted average shares outstanding-diluted									17,190,000	17,870,000	18,388,000
Basic earnings per share	$ 2.53	$ 1.30	$ 0.97	$ 0.66	$ 1.99	$ 2.45	$ 1.11	$ 1.06	$ 5.45	$ 6.57	$ 4.12
Diluted earnings per share	$ 2.46	$ 1.27	$ 0.96	$ 0.65	$ 1.94	$ 2.41	$ 1.09	$ 1.04	$ 5.34	$ 6.45	$ 4.03
Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect									49,000	47,000	47,000
Warranty Provision
Balance at beginning of period				$ 13,347				$ 19,736	$ 13,347	$ 19,736	$ 20,825
Warranty claims provided for/assumed in acquisition									4,193	3,474	5,419
Settlements made									(6,391)	(9,863)	(6,508)
Balance at end of period	$ 11,149				$ 13,347				$ 11,149	$ 13,347	$ 19,736

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Millions	1 Months Ended					12 Months Ended
BUSINESS COMBINATIONS (Details) - USD ($) $ in Millions	Apr. 30, 2023	Feb. 28, 2023	Dec. 31, 2022	Aug. 31, 2022	Feb. 28, 2022	Jun. 30, 2021
A privately held services company
BUSINESS COMBINATIONS
Maximum contingent consideration						$ 12
Consideration paid						$ 3
A privately held provider of engineering and contract manufacturing solutions
BUSINESS COMBINATIONS
Maximum contingent consideration	$ 2.5
Consideration paid	$ 2.5
Privately held provider of training software and solutions
BUSINESS COMBINATIONS
Maximum contingent consideration		$ 5
Consideration paid		$ 2.1		$ 1.9
Privately held sales and services company
BUSINESS COMBINATIONS
Consideration paid					$ 1.1
Privately held provider of intelligent inspection, sensory, and recognition solutions
BUSINESS COMBINATIONS
Maximum contingent consideration					25
Consideration paid					$ 14
Provider of baggage and parcel inspection systems
BUSINESS COMBINATIONS
Consideration paid			$ 1.6

BALANCE SHEET DETAILS (Details)

BALANCE SHEET DETAILS (Details) - USD ($) $ in Thousands	12 Months Ended
BALANCE SHEET DETAILS (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounts receivable, net
Accounts receivable	$ 395,218	$ 326,849
Less allowance for doubtful accounts	(14,373)	(18,876)
Total	380,845	307,973
Inventories
Raw materials	233,217	213,290
Work-in-process	56,329	46,873
Finished goods	48,462	73,744
Total	338,008	333,907
Property and equipment, net
Property and equipment, gross	282,658	267,019
Less accumulated depreciation and amortization	(173,725)	(157,335)
Property and equipment, net	108,933	109,684
Depreciation	19,500	21,000	$ 22,400
Land
Property and equipment, net
Property and equipment, gross	15,691	15,028
Buildings, civil works and improvements
Property and equipment, net
Property and equipment, gross	$ 49,166	47,309
Buildings, civil works and improvements \| Maximum
Property and equipment, net
Estimated Useful Lives	40 years
Buildings, civil works and improvements \| Minimum
Property and equipment, net
Estimated Useful Lives	5 years
Leasehold improvements
Property and equipment, net
Property and equipment, gross	$ 13,553	11,599
Leasehold improvements \| Maximum
Property and equipment, net
Estimated Useful Lives	13 years
Leasehold improvements \| Minimum
Property and equipment, net
Estimated Useful Lives	1 year
Equipment and tooling
Property and equipment, net
Property and equipment, gross	$ 135,703	128,425
Equipment and tooling \| Maximum
Property and equipment, net
Estimated Useful Lives	10 years
Equipment and tooling \| Minimum
Property and equipment, net
Estimated Useful Lives	3 years
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	$ 3,632	3,592
Furniture and fixtures \| Maximum
Property and equipment, net
Estimated Useful Lives	10 years
Furniture and fixtures \| Minimum
Property and equipment, net
Estimated Useful Lives	3 years
Computer equipment
Property and equipment, net
Property and equipment, gross	$ 24,119	21,208
Computer equipment \| Maximum
Property and equipment, net
Estimated Useful Lives	5 years
Computer equipment \| Minimum
Property and equipment, net
Estimated Useful Lives	3 years
Computer software
Property and equipment, net
Property and equipment, gross	$ 26,981	25,153
Computer software \| Maximum
Property and equipment, net
Estimated Useful Lives	10 years
Computer software \| Minimum
Property and equipment, net
Estimated Useful Lives	3 years
Computer software implementation in process
Property and equipment, net
Property and equipment, gross	$ 9,705	9,422
Construction in process
Property and equipment, net
Property and equipment, gross	$ 4,108	$ 5,283

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Changes in the carrying value of goodwill
Balance at the beginning of the period	$ 336,357	$ 320,304
Goodwill acquired or adjusted during the period	12,756	19,436
Foreign currency translation adjustment	392	(3,383)
Balance at the end of the period	349,505	336,357
Security Division
Changes in the carrying value of goodwill
Balance at the beginning of the period	225,555	206,426
Goodwill acquired or adjusted during the period	5,021	19,436
Foreign currency translation adjustment	86	(307)
Balance at the end of the period	230,662	225,555
Healthcare Division
Changes in the carrying value of goodwill
Balance at the beginning of the period	43,187	43,584
Goodwill acquired or adjusted during the period	5,161
Foreign currency translation adjustment	107	(397)
Balance at the end of the period	48,455	43,187
Optoelectronics And Manufacturing Division
Changes in the carrying value of goodwill
Balance at the beginning of the period	67,615	70,294
Goodwill acquired or adjusted during the period	2,574
Foreign currency translation adjustment	199	(2,679)
Balance at the end of the period	$ 70,388	$ 67,615

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Intangible assets subject to amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Amortizable assets:
Gross Carrying Value	$ 210,534	$ 193,274
Accumulated Amortization	(101,143)	(85,777)
Total	109,391	107,497
Total intangible assets
Gross Carrying Value	242,000	224,147
Intangible assets, net	140,857	138,370
Amortization expense	19,000	17,700	$ 21,500
In-process R&D
Non-amortizable assets:
Gross Carrying Value	533	533
Trademarks
Non-amortizable assets:
Gross Carrying Value	30,933	30,340
Software development costs
Amortizable assets:
Gross Carrying Value	77,844	64,096
Accumulated Amortization	(20,285)	(18,934)
Total	$ 57,559	45,162
Software development costs \| Minimum [Member]
Intangible assets
Weighted Average Lives (in Years)	7 years
Software development costs \| Maximum [Member]
Intangible assets
Weighted Average Lives (in Years)	8 years
Patents
Intangible assets
Weighted Average Lives (in Years)	19 years
Amortizable assets:
Gross Carrying Value	$ 8,636	8,541
Accumulated Amortization	(3,404)	(2,987)
Total	$ 5,232	5,554
Developed technology
Intangible assets
Weighted Average Lives (in Years)	10 years
Amortizable assets:
Gross Carrying Value	$ 68,274	66,901
Accumulated Amortization	(38,353)	(31,071)
Total	29,921	35,830
Customer relationships
Amortizable assets:
Gross Carrying Value	55,780	53,736
Accumulated Amortization	(39,101)	(32,785)
Total	$ 16,679	$ 20,951
Customer relationships \| Minimum [Member]
Intangible assets
Weighted Average Lives (in Years)	7 years
Customer relationships \| Maximum [Member]
Intangible assets
Weighted Average Lives (in Years)	8 years

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Estimated future amortization expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Estimated future amortization expense
2024	$ 18,758
2025	16,042
2026	13,112
2027	9,054
2028	6,544
Thereafter	45,881
Total	109,391	$ 107,497
Software development costs
Estimated future amortization expense
Total	57,559	45,162
Capitalized software development costs	$ 16,200	$ 15,200	$ 12,900

CONTRACT ASSETS AND LIABILITI_3

CONTRACT ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Contract Assets
Unbilled revenue (included in accounts receivable, net)	$ 86,818	$ 43,287
Change in unbilled revenue	$ 43,531
Percentage of change in unbilled revenue	101%
Contract Liabilities
Advances from customers	$ 21,250	19,917
Deferred revenue-current	43,861	31,396
Deferred revenue-long-term	22,200	$ 20,476
Change in advances from customers	$ 1,333
Percentage of change in advances from customers	7%
Change in deferred revenue - current	$ 12,465
Percentage of change in deferred revenue - current	40%
Change in deferred revenue - long-term	$ 1,724
Percentage of change in deferred revenue - long-term.	8%
Remaining Performance Obligations
Revenue remaining performance obligation	$ 1,011,200
Remaining performance obligation expected percentage recognized	55%
Recognized revenue from contract liabilities	$ 50,900
Revenue, practical expedient, incremental cost of obtaining contract [true false]	true
Revenue, practical expedient, financing component [true false]	true
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Remaining Performance Obligations
Remaining performance obligation expected timing of satisfaction period	12 months

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Operating lease expense
Operating lease cost	$ 11,364	$ 10,390
Variable lease cost	1,323	856
Short-term lease cost	923	1,061
Operating lease expense	13,610	12,307
Balance sheet assets and liabilities related to operating leases
Operating lease ROU assets, net	$ 32,618	$ 39,461
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent.	Other Assets, Noncurrent.
Operating lease liabilities, current portion	$ 9,787	$ 9,700
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current
Operating lease liabilities, long-term	$ 23,733	30,363
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total operating lease liabilities	$ 33,520	$ 40,063
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Total operating lease liabilities	Total operating lease liabilities
Weighted average remaining lease term	4 years 2 months 12 days
Weighted average discount rate	3.70%
Cash flow information related to operating leases
Cash paid for operating lease liabilities	$ 11,418	$ 10,046
ROU assets obtained in exchange for new lease obligations	$ 14,574	$ 27,402

LEASES - Maturities of operatin

LEASES - Maturities of operating lease liabilities under ASC 842 (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Maturities of operating lease liabilities
Less than one year	$ 10,813
1 - 2 years	8,596
2 - 3 years	7,032
3 - 4 years	6,101
4 - 5 years	1,748
Thereafter	1,966
Total	36,256
Less: imputed interest	(2,736)
Total operating lease liabilities	$ 33,520	$ 40,063

LEASES - Sale-leaseback Transac

LEASES - Sale-leaseback Transaction (Details) $ in Thousands	1 Months Ended
	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease ROU assets, net		$ 32,618	$ 39,461
Operating lease liability		$ 33,520	$ 40,063
Hawthorne Property
Lessee, Lease, Description [Line Items]
Transaction price of sale leaseback	$ 32,000
Gain of sale leaseback transaction	$ 27,400
Operating lease term		6 years
Number of operating lease renewal term options		2
Operating lease renewal term		5 years

IMPAIRMENT, RESTRUCTURING AND_3

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Net benefit recognized related to reimbursement from insurance	$ 3,200	$ 890	$ 2,257	$ 1,219	$ 2,732	$ 1,469	$ 831	$ 2,510
Impairment charges									$ 0	$ 1,006	$ 552
Acquisition-related costs									382	288	276
Employee termination costs									1,736	1,177	4,445
Mexico transaction costs											2,691
Facility closures/consolidation									1,539	(33)	1,675
Legal costs, net									3,909	5,104	465
Total expensed									7,566	7,542	10,104
Other operational efficiency activities
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Net benefit recognized related to reimbursement from insurance									7,600	7,500
Acquisition-related costs									400	300	300
Employee termination costs									1,700	1,100	1,600
Facility closures/consolidation											500
Legal costs, net									(3,900)	5,100	500
Total expensed									1,500
Impairment on software assets										1,000
Security Division
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Impairment charges											552
Acquisition-related costs									23	232	249
Employee termination costs									849	1,077	4,130
Mexico transaction costs											2,691
Facility closures/consolidation									35	(33)	1,675
Legal costs, net									808
Total expensed									1,715	1,276	9,297
Security Division \| Turnkey Screening Program
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Net benefit recognized related to reimbursement from insurance											7,200
Impairment charges											600
Employee termination costs											2,800
Facility closures/consolidation											1,100
Direct transaction costs											2,700
Healthcare Division
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Acquisition-related costs									225		27
Employee termination costs									355
Legal costs, net									2,497
Total expensed									3,077		27
Optoelectronics And Manufacturing Division
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Acquisition-related costs									7
Employee termination costs									532	100	315
Facility closures/consolidation									1,504
Legal costs, net									464
Total expensed									2,507	100	315
Corporate
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Impairment charges										1,006
Acquisition-related costs									127	56
Legal costs, net									140	5,104	465
Total expensed									$ 267	$ 6,166	$ 465

IMPAIRMENT, RESTRUCTURING AND_4

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES - Accrued liability for restructuring and other charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Restructuring and other charges
Balance, at the beginning	$ 1,984	$ 3,408
Restructuring and other charges, net	7,567	7,542
Payments, adjustments and reimbursements, net	(7,172)	(8,966)
Balance, at the end	2,379	1,984
Acquisition-Related Costs
Restructuring and other charges
Restructuring and other charges, net	383	288
Payments, adjustments and reimbursements, net	(376)	(288)
Balance, at the end	7
Employee Termination Costs
Restructuring and other charges
Balance, at the beginning	181	250
Restructuring and other charges, net	1,736	1,177
Payments, adjustments and reimbursements, net	(1,810)	(1,246)
Balance, at the end	107	181
Facility Closure/ Consolidations Costs
Restructuring and other charges
Balance, at the beginning	23	386
Restructuring and other charges, net	1,539	(33)
Payments, adjustments and reimbursements, net	47	(330)
Balance, at the end	1,609	23
Legal Costs and Settlements
Restructuring and other charges
Balance, at the beginning	1,780	2,772
Restructuring and other charges, net	3,909	6,110
Payments, adjustments and reimbursements, net	(5,033)	(7,102)
Balance, at the end	$ 656	$ 1,780

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)	1 Months Ended	12 Months Ended
BORROWINGS (Details) - USD ($)	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Sep. 01, 2022	Feb. 28, 2017
BORROWINGS
Borrowings outstanding		$ 215,000,000	$ 60,000,000
Increase to retained earnings		735,957,000	663,869,000
Reduction in common stock		$ 9,835,000	17,000
Principal value of notes repurchased and cancelled					$ 242,300,000
Revolving credit facility
BORROWINGS
Maximum borrowing capacity	$ 600,000,000
Credit facility under term loan	150,000,000
Unused commitment fee (as a percent)		0.10%
Borrowings outstanding		$ 215,000,000
Available credit facility		$ 336,500,000
Revolving credit facility \| Minimum
BORROWINGS
Maximum borrowing capacity	535,000,000
Unused commitment fee (as a percent)		0.10%
Revolving credit facility \| Maximum
BORROWINGS
Maximum borrowing capacity	750,000,000
Increase in the credit agreement's borrowing capacity available under certain circumstances	250,000,000
Unused commitment fee (as a percent)		0.25%
Revolving credit facility \| LIBOR
BORROWINGS
Interest rate margin (as a percent)		1%
Revolving credit facility \| LIBOR \| Minimum
BORROWINGS
Interest rate margin (as a percent)		1%
Revolving credit facility \| LIBOR \| Maximum
BORROWINGS
Interest rate margin (as a percent)		1.75%
Letters of credit sub facility
BORROWINGS
Maximum borrowing capacity	$ 300,000,000
Amount outstanding under lines of credit facilities		$ 48,500,000
1.25% Convertible Senior Notes Due 2022
BORROWINGS
Principal amount						$ 287,500,000
Interest rate (as a percentage)		1.25%
Debt component of debt issuance costs		$ 6,500,000
Equity component of debt issuance costs		1,200,000
Total interest expense			4,700,000	$ 13,400,000
Contractual interest expense		500,000	3,500,000	3,600,000
Amortization of debt discount		200,000	$ 1,200,000	8,600,000
Amortization of debt issuance costs		700,000		$ 1,200,000
Debt issuance costs		7,700,000
Lines-of-credit
BORROWINGS
Amount outstanding under lines of credit facilities		51,700,000
Available credit facility		24,500,000
Term Loan
BORROWINGS
Borrowings outstanding		$ 143,100,000

BORROWINGS - Other borrowings (

BORROWINGS - Other borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Components of long-term debt
Convertible notes		$ 242,106
Term loan	$ 143,125	50,000
Other long-term debt	1,442	1,137
Total	144,567	293,243
Less current portion of long-term debt	(8,076)	(244,575)
Long-term portion of debt	136,491	48,668
Fiscal year principal payments of long-term debt
2024	8,076
2025	7,992
2026	7,801
2027	120,698
Total	$ 144,567
1.25% Convertible Senior Notes Due 2022
Components of long-term debt
Principal amount		242,302
Unamortized debt issuance costs		$ (196)

STOCKHOLDERS' EQUITY - Stock-ba

STOCKHOLDERS' EQUITY - Stock-based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
STOCKHOLDERS' EQUITY
Stock-based compensation expense		$ 29,124	$ 28,072	$ 26,771
Weighted average assumptions used to determine the fair value calculations for stock options issued
Expected holding period (in years)		4 years 6 months	4 years 6 months	4 years 6 months
Weighted-Average Fair Value
Granted (in dollars per share)		$ 87.90	$ 90.31	$ 80.40
RSU
STOCKHOLDERS' EQUITY
Unrecognized compensation cost		$ 13,900
Weighted-average period		2 years
Stock Options
STOCKHOLDERS' EQUITY
Unrecognized compensation cost		$ 700
Weighted-average period		2 years
OSI Plans
STOCKHOLDERS' EQUITY
Shares available for grant		700,000
Weighted-Average Fair Value
Additional maximum number of shares of common stock which may be issued	1,650,000
Increase in maximum number of shares authorized under share based compensation plan	7,100,000
OSI Plans \| RSU
Shares
Nonvested at the beginning of the period (in shares)		427,447	435,925	423,590
Granted (in shares)		357,475	334,435	339,311
Vested (in shares)		(313,862)	(337,442)	(313,892)
Forfeited (in shares)		(15,545)	(5,471)	(13,084)
Nonvested at the end of the period (in shares)		455,515	427,447	435,925
Weighted-Average Fair Value
Nonvested at the beginning of the period (in dollars per share)		$ 90.17	$ 84.16	$ 88.68
Granted (in dollars per share)		87.90	90.31	80.40
Vested (in dollars per share)		96.36	82.66	86.12
Forfeited (in dollars per share)		88.42	83.66	85.78
Nonvested at the end of the period (in dollars per share)		$ 85.15	$ 90.17	$ 84.16
OSI Plans \| Restricted stock and RSU
STOCKHOLDERS' EQUITY
Number of shares available for grant reduced for each award granted		1.87
Number of shares available for grant increased for each award forfeited and returned		1.87
Weighted-Average Fair Value
Total fair value of shares vested		$ 27,900	$ 27,900	$ 27,000
OSI Plans \| Restricted stock and RSU \| Minimum
STOCKHOLDERS' EQUITY
Vesting period		3 years
OSI Plans \| Restricted stock and RSU \| Maximum
STOCKHOLDERS' EQUITY
Vesting period		4 years
OSI Plans \| Stock Options
STOCKHOLDERS' EQUITY
Vesting period		3 years
Number of Options
Outstanding at the beginning of the period (in shares)		110,645	255,220	326,304
Granted (in shares)		23,351	22,954	22,171
Exercised (in shares)		(47,354)	(166,629)	(88,657)
Expired or forfeited (in shares)		(2,965)	(900)	(4,598)
Outstanding at the end of the period (in shares)		83,677	110,645	255,220
Exercisable at the end of the period (in shares)		38,977
Weighted average assumptions used to determine the fair value calculations for stock options issued
Risk-free interest rate (as percent)		3.90%	1.20%	0.40%
Expected volatility (as percent)		31%	31%	26%
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)		$ 82.43	$ 50.24	$ 44.41
Granted (in dollars per share)		87.90	96.38	82.17
Exercised (in dollars per share)		77.42	35.09	35.19
Expired or forfeited (in dollars per share)		74.06	73.99	80.46
Outstanding at the end of the period (in dollars per share)		87.09	82.43	50.24
Exercisable at the end of the period (in dollars per share)		$ 83.79
Weighted-Average Remaining Contractual Term
Outstanding at the end of the period		7 years 1 month 6 days
Exercisable at the end of the period		5 years 1 month 6 days
Aggregate Intrinsic Value
Outstanding at the end of the period		$ 2,572
Exercisable at the end of the period		$ 1,327
Stock-based compensation, other disclosures
Weighted-average grant-date fair value of stock options (in dollars per share)		$ 28.46	$ 26.72	$ 18.37
Total intrinsic value of options exercised		$ 1,500
OSI Plans \| Performance-based restricted stock units
Shares
Granted (in shares)		110,811	96,620	136,242
OSI Plans \| Performance-based restricted stock units \| Minimum
STOCKHOLDERS' EQUITY
Payout as a percentage of the original number of shares awarded or units awarded, which are converted into shares of the company's common stock		0%
OSI Plans \| Performance-based restricted stock units \| Maximum
STOCKHOLDERS' EQUITY
Payout as a percentage of the original number of shares awarded or units awarded, which are converted into shares of the company's common stock		376%
OSI Plans \| Incentive stock options \| Minimum
STOCKHOLDERS' EQUITY
Percentage of voting power owned		10%
Purchase price expressed as a percentage of the fair market value of the Company's common stock on the date of grant		110%
OSI Plans \| Nonqualified options \| Minimum
STOCKHOLDERS' EQUITY
Percentage of voting power owned		10%
Purchase price expressed as a percentage of the fair market value of the Company's common stock on the date of grant		110%
Employee Stock Purchase Plan
STOCKHOLDERS' EQUITY
Shares available for grant		416,762
Employee Stock Purchase Plan \| Maximum
STOCKHOLDERS' EQUITY
Discount rate for eligible employees to purchase common stock (as a percent)		15%
Cost of goods sold
STOCKHOLDERS' EQUITY
Stock-based compensation expense		$ 911	$ 812	$ 760
Selling, general and administrative
STOCKHOLDERS' EQUITY
Stock-based compensation expense		27,716	26,749	25,457
Research and development
STOCKHOLDERS' EQUITY
Stock-based compensation expense		$ 497	$ 511	$ 554

STOCKHOLDERS' EQUITY - Addition

STOCKHOLDERS' EQUITY - Additional information (Details) - shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Employee Stock Purchase Plan and Stock Repurchase Program
Number of repurchased shares authorized	400,230	1,294,594	452,005
Number of shares available for repurchase	1,721,870
Employee Stock Purchase Plan
Employee Stock Purchase Plan and Stock Repurchase Program
Number of shares issued under employee stock purchase program	60,465	60,708	63,499
Common stock
Employee Stock Purchase Plan and Stock Repurchase Program
Number of repurchased shares authorized	2

INCOME TAXES - Geographical bre

INCOME TAXES - Geographical breakdown of income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pre-tax income:
United States									$ 7,114	$ 51,295	$ 34,323
Foreign									108,124	88,865	64,317
Income before income taxes	$ 51,449	$ 28,610	$ 20,311	$ 14,868	$ 37,129	$ 53,498	$ 26,869	$ 22,664	115,238	140,160	98,640
Current:
Federal									6,860	6,216	4,407
State									861	1,964	1,190
Foreign									19,717	13,113	18,562
Total current provision									27,438	21,293	24,159
Deferred:
Federal									(2,547)	3,915	679
State									(678)	133	464
Foreign									(753)	(528)	(711)
Total deferred provision (benefit)									(3,978)	3,520	432
Total provision	9,068	$ 6,802	$ 3,957	$ 3,633	3,366	$ 10,763	$ 7,072	$ 3,612	23,460	24,813	$ 24,591
Income taxes, other disclosures
Liability for uncertain tax positions	12,000				$ 8,200				12,000	$ 8,200
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	12,000								12,000
Accrued interest and penalties	$ 400								$ 400

INCOME TAXES - Unrecognized tax

INCOME TAXES - Unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Activity of unrecognized tax benefits
Balance at the beginning of the year	$ 13,577	$ 19,677
Additions on tax positions for the current year	3,225	3,084
Additions on tax positions from prior years	2,582	1,479
Reduction in tax positions from prior year	(4,406)	(10,663)
Balance at the end of the year	14,978	13,577
Deferred income tax assets:
Tax credit carryforwards	5,934	13,130
Net operating loss carryforwards	3,678	6,494
Customer advances	3,443	2,848
Allowance for doubtful accounts	2,994	4,471
Inventory reserve	11,026	11,636
Inventory capitalization	481	406
Accrued liabilities	2,956	3,241
Operating lease liabilities	8,043	8,714
Stock and deferred compensation	12,224	10,601
Other assets	1,164	1,446
Total deferred income tax assets	51,943	62,987
Valuation allowance	(8,433)	(12,301)
Net deferred income tax assets	43,510	50,686
Deferred income tax liabilities:
Depreciation	(5,860)	(7,604)
Amortization of intangible assets	(21,617)	(31,518)
Withholding tax on unrepatriated foreign earnings	(6,851)	(6,851)
Operating lease ROU assets	(7,931)	(8,480)
State transition tax	(1,754)	(1,754)
Other liabilities	(1,824)	(1,750)
Total deferred income tax liabilities	(45,837)	(57,957)
Net deferred income tax liability	$ (2,327)	$ (7,271)

INCOME TAXES - Components of ne

INCOME TAXES - Components of net deferred income tax asset (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Components of net deferred income tax asset
Long term deferred income tax asset, included in other assets	$ 43,510	$ 50,686
Long term deferred income tax liability	(6,571)	(11,112)
Net deferred income tax liability	(2,327)	(7,271)
Components of current taxes receivable and payable and prepaid taxes
Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	7,216	7,843
Current taxes payable, included in other accrued expenses and current liabilities	(13,692)	(7,722)
Net tax receivable (payable)	(6,476)	121
Other assets
Components of net deferred income tax asset
Long term deferred income tax asset, included in other assets	$ 4,244	$ 3,841

INCOME TAXES - Net operating lo

INCOME TAXES - Net operating loss carryforwards and Credit carryforwards (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
INCOME TAXES
Net aggregate decrease in valuation allowance	$ (3.9)
Excess tax benefits and tax deficiencies recognized as income tax expense or benefit	0.6	$ 2
Federal
INCOME TAXES
Net operating loss carry forwards	1.1
Tax credit carry forwards	0.5
State
INCOME TAXES
Net operating loss carry forwards	22.6
Tax credit carry forwards	8.1
Foreign
INCOME TAXES
Net operating loss carry forwards	$ 7.9

INCOME TAXES - Effective income

INCOME TAXES - Effective income tax rate (Details)	12 Months Ended
INCOME TAXES - Effective income tax rate (Details)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Effective income tax rate
Provision for income taxes at federal statutory rate	21%	21%	21%
Research and development tax credits	(1.50%)	(1.30%)	(1.70%)
Foreign income subject to tax at other than federal statutory rate	0.20%	0.20%	0.60%
Stock compensation	(0.40%)	(1.20%)	(0.90%)
Officers' compensation	5.50%	4.30%	5.80%
Change in valuation allowance	(0.50%)	(4.00%)	(5.90%)
Unrecognized tax expense (benefit)	0.30%	(1.40%)	4.20%
Tax on foreign currency gains and losses	(0.60%)		(0.20%)
State tax expense	0.30%	1%	1.20%
U.S. tax on foreign earnings	1.40%	0.90%	(1.80%)
Changes in prior year estimates	(1.10%)	(0.60%)
Global intangible low-taxed income, net of foreign tax credits	0.80%	0.30%	0.50%
Foreign Derived Intangible Income Benefit	(1.80%)	(1.30%)	(1.30%)
Non-taxable earnings from acquisitions	(2.10%)	(0.60%)	(0.40%)
Patent box benefit	(1.90%)	(0.30%)
Withholding tax on foreign earnings			3.40%
Other	0.80%	0.70%	0.40%
Effective income tax rate	20.40%	17.70%	24.90%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Contingent Acquisition Obligations (Details) - USD ($) $ in Thousands		12 Months Ended
	Dec. 31, 2017	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Contingent Acquisition Obligations
Payments for contingent consideration		$ 3,400	$ 1,900	$ 1,000
Beginning fair value, June 30, 2022		28,212
Addition of contingent earnout obligations		5,506
Foreign currency translation adjustment		27
Changes in fair value for contingent earnout obligations		(11,901)
Payments on contingent earnout obligations		(663)
Ending fair value, March 31, 2023		21,181	$ 28,212
Certain Acquisitions
Contingent Acquisition Obligations
Remaining maximum amount of contingent consideration		$ 55,300
Mr. Chopra, Chief Executive Officer \| Deferred bonus
Indemnifications and Certain Employment-Related Contingencies
Bonus payment on or within 45 days of January 1, 2024 contingent upon continued employment through that date	$ 13,500
Maximum number of days after January 1, 2024, bonus payment due	45 days

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 1994
ECIL-Rapiscan Security Products Limited
RELATED-PARTY TRANSACTIONS
Sales to joint venture	$ 6.9	$ 2.3	$ 2.4
ECIL-Rapiscan Security Products Limited
RELATED-PARTY TRANSACTIONS
Ownership interest in joint venture (as a percent)				36%
Initial investment				$ 0.1
Receivables from joint venture	1.9	0.6
ECIL-Rapiscan Security Products Limited \| Maximum
RELATED-PARTY TRANSACTIONS
Equity earnings in joint venture	$ 0.1	$ 0.1	$ 0.1
ECIL-Rapiscan Security Products Limited \| Chairman and Chief Executive Officer
RELATED-PARTY TRANSACTIONS
Related party ownership percentage in equity method investee of the reporting entity				10.50%
ECIL-Rapiscan Security Products Limited \| One of Executive Vice Presidents
RELATED-PARTY TRANSACTIONS
Related party ownership percentage in equity method investee of the reporting entity				4.50%
ECIL-Rapiscan Security Products Limited \| Chairman and Chief Executive Officer, and Executive Vice President and President of the Company's Security division \| Maximum
RELATED-PARTY TRANSACTIONS
Collective voting power control, by entity and related parties, in equity method investment of entity (as a percent)	50%	50%	50%

EMPLOYEE BENEFIT PLANS - Employ

EMPLOYEE BENEFIT PLANS - Employee Retirement Savings Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
EMPLOYEE BENEFIT PLANS
Contributions made by the entity to defined contribution plans	$ 7,200	$ 6,900	$ 6,700
Deferred Compensation Plan
Company contribution on deferred compensation plan	600	500	500
Assets held by Company	36,800
Liabilities held by Company	$ 33,600
Period to classify liabilities underfunded plans as noncurrent	12 months
Defined Benefit Pension Plans
Fair Value	$ 6,513	5,977	$ 7,010
Maximum
Deferred Compensation Plan
Percentage of salaries which can be deferred by eligible employees	80%
Percentage of bonuses which can be deferred by eligible employees	100%
Nonqualified Plan
Defined Benefit Pension Plans
Fair Value	$ 13,600	$ 11,900

EMPLOYEE BENEFIT PLANS - Change

EMPLOYEE BENEFIT PLANS - Change in Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Change in Benefit Obligation
Benefit obligation at beginning of year	$ 18,464	$ 18,434
Translation adjustment	149	(708)
Interest costs	$ 624	$ 464	$ 477
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Amendment		$ 1,345
Actuarial gain	$ (847)	(900)
Benefits paid	(162)	(171)
Benefit obligation at end of year	18,228	18,464	$ 18,434
Change in Plan Assets
Fair value of plan assets at beginning of year	5,977	7,010
Translation adjustment	243	(860)
Actual return on plan assets	413	(47)
Benefits paid	(120)	(126)
Fair value of plan assets at end of year	6,513	5,977	7,010
Funded status and net amount recognized	(11,715)	(12,487)
Amount recognized in consolidated balance sheets consists of:
Accumulated other comprehensive income	2,365	4,609
Net Periodic Benefit Costs
Interest costs	624	464	477
Expected return on plan assets	$ (340)	$ (279)	$ (242)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Amortization of prior service cost	$ 1,330	$ 1,115	$ 668
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Recognized actuarial loss	$ 83	$ 41	$ 75
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Net periodic benefit cost	$ 1,697	$ 1,341	$ 978
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Weighted average assumptions at year-end:
Discount rate	5.30%	3%
Expected return on plan assets	5.80%	4.20%
Other current assets
Amount recognized in consolidated balance sheets consists of:
Net benefit asset (included in other current assets)	$ 3,264	$ 2,275
Other current liabilities
Amount recognized in consolidated balance sheets consists of:
Current portion of net pension liability (included in other current liabilities)	(6,189)	(180)
Other long-term liabilities
Amount recognized in consolidated balance sheets consists of:
Net long term pension liability (included in other long-term liabilities)	$ 8,790	$ 14,582

EMPLOYEE BENEFIT PLANS - Plan A

EMPLOYEE BENEFIT PLANS - Plan Assets and Investment Policy (Details)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
EMPLOYEE BENEFIT PLANS
Expected Rate of Return (as a percent)	5.80%	4.20%
Combined
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	100%	100%
Expected Rate of Return (as a percent)	5.80%	4.20%
Equity securities
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	86%	85%
Expected Rate of Return (as a percent)	6.60%	4.90%
Debt securities
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	13%	14%
Expected Rate of Return (as a percent)	0.80%	0.80%
Cash
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	1%	1%
Expected Rate of Return (as a percent)	0.40%	0.40%

EMPLOYEE BENEFIT PLANS - Projec

EMPLOYEE BENEFIT PLANS - Projected Benefit Payments (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)
Projected Benefit Payments
July 1, 2023 to June 30, 2024	$ 6,189
July 1, 2024 to June 30, 2025	1,525
July 1, 2025 to June 30, 2026	2,284
July 1, 2026 to June 30, 2027	2,301
July 1, 2027 to June 30, 2028	2,317
July 1, 2028 to June 30, 2033	$ 3,537
Maximum
Company Contribution
Weighted average contribution rate of pensionable salaries made by company (as a percent)	0%

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)	12 Months Ended
SEGMENT INFORMATION (Details)	Jun. 30, 2023 segment
SEGMENT INFORMATION
Number of identifiable industry segments	3

SEGMENT INFORMATION - By indust

SEGMENT INFORMATION - By industry segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
SEGMENT INFORMATION
Total revenues	$ 411,870	$ 302,889	$ 295,597	$ 268,071	$ 336,821	$ 290,477	$ 276,681	$ 279,257	$ 1,278,427	$ 1,183,236	$ 1,146,902
Income (loss) from operations	57,151	$ 34,337	$ 25,491	$ 18,300	39,557	$ 28,426	$ 29,086	$ 24,680	135,279	121,749	115,371
Segments assets	1,555,686				1,443,150				1,555,686	1,443,150	1,384,367
Capital expenditures									15,811	14,921	15,760
Depreciation and amortization									38,513	38,679	43,855
Security Division
SEGMENT INFORMATION
Total revenues									760,291	663,159	633,340
Healthcare Division
SEGMENT INFORMATION
Total revenues									190,488	205,658	212,315
Optoelectronics And Manufacturing Division
SEGMENT INFORMATION
Total revenues									327,648	314,419	301,247
Capital expenditures									7,390	4,533	6,714
Depreciation and amortization									7,582	8,098	9,325
Operating segments \| Security Division
SEGMENT INFORMATION
Total revenues									760,291	663,159	633,340
Income (loss) from operations									115,023	98,784	85,515
Segments assets	948,126				839,769				948,126	839,769	798,192
Capital expenditures									3,689	5,513	3,290
Depreciation and amortization									23,504	22,970	26,572
Operating segments \| Healthcare Division
SEGMENT INFORMATION
Total revenues									190,488	205,658	212,315
Income (loss) from operations									11,365	24,696	31,563
Segments assets	245,856				231,423				245,856	231,423	220,411
Capital expenditures									2,726	2,295	2,144
Depreciation and amortization									5,757	5,915	5,364
Operating segments \| Optoelectronics And Manufacturing Division
SEGMENT INFORMATION
Total revenues									387,431	366,661	349,887
Income (loss) from operations									46,680	45,030	38,465
Segments assets	310,930				301,483				310,930	301,483	282,039
Intersegment revenue eliminations
SEGMENT INFORMATION
Total revenues									(59,783)	(52,242)	(48,640)
Income (loss) from operations									1,286	189	(403)
Segments assets	(43,904)				(34,359)				(43,904)	(34,359)	(37,568)
Capital expenditures									38
Intersegment revenue eliminations \| Optoelectronics And Manufacturing Division
SEGMENT INFORMATION
Total revenues									59,783	52,242	48,640
Corporate
SEGMENT INFORMATION
Income (loss) from operations									(39,075)	(46,950)	(39,769)
Segments assets	$ 94,678				$ 104,834				94,678	104,834	121,293
Capital expenditures									1,968	2,580	3,612
Depreciation and amortization									$ 1,670	$ 1,696	$ 2,594

SEGMENT INFORMATION - By geogra

SEGMENT INFORMATION - By geographical area (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
SEGMENT INFORMATION
Total net revenues	$ 411,870	$ 302,889	$ 295,597	$ 268,071	$ 336,821	$ 290,477	$ 276,681	$ 279,257	$ 1,278,427	$ 1,183,236	$ 1,146,902
Long lived tangible assets	188,710				179,149				188,710	179,149	199,452
Long lived assets	679,072				653,876				679,072	653,876	647,364
Total Americas
SEGMENT INFORMATION
Total net revenues									740,010	625,447	666,894
Long lived tangible assets	135,047				125,974				135,047	125,974	136,534
Long lived assets	560,870				542,426				560,870	542,426	525,762
United States
SEGMENT INFORMATION
Total net revenues									653,127	569,601	589,579
Long lived tangible assets	126,388				117,622				126,388	117,622	126,100
Long lived assets	534,417				514,489				534,417	514,489	493,423
Mexico
SEGMENT INFORMATION
Total net revenues									23,467	8,109	10,583
Long lived tangible assets	609				261				609	261	2,379
Long lived assets	609				261				609	261	2,379
Other Americas
SEGMENT INFORMATION
Total net revenues									63,416	47,737	66,732
Long lived tangible assets	8,050				8,091				8,050	8,091	8,055
Long lived assets	25,844				27,676				25,844	27,676	29,960
Total EMEA
SEGMENT INFORMATION
Total net revenues									324,766	329,610	251,302
Long lived tangible assets	32,185				32,586				32,185	32,586	33,572
Long lived assets	93,487				87,534				93,487	87,534	88,737
United Kingdom
SEGMENT INFORMATION
Total net revenues									280,268	276,658	221,423
Long lived tangible assets	27,952				27,749				27,952	27,749	25,183
Long lived assets	87,289				80,758				87,289	80,758	80,348
Other EMEA
SEGMENT INFORMATION
Total net revenues									44,498	52,952	29,879
Long lived tangible assets	4,233				4,837				4,233	4,837	8,389
Long lived assets	6,198				6,776				6,198	6,776	8,389
APAC
SEGMENT INFORMATION
Total net revenues									213,651	228,179	228,706
Long lived tangible assets	21,478				20,589				21,478	20,589	29,346
Long lived assets	$ 24,715				$ 23,916				24,715	23,916	32,865
Reportable Geographical Components
SEGMENT INFORMATION
Total net revenues									1,278,427	1,183,236	1,146,902
Reportable Geographical Components \| Total Americas
SEGMENT INFORMATION
Total net revenues									757,471	641,769	684,392
Reportable Geographical Components \| United States
SEGMENT INFORMATION
Total net revenues									670,588	585,923	607,077
Reportable Geographical Components \| Mexico
SEGMENT INFORMATION
Total net revenues									23,467	8,109	10,583
Reportable Geographical Components \| Other Americas
SEGMENT INFORMATION
Total net revenues									63,416	47,737	66,732
Reportable Geographical Components \| Total EMEA
SEGMENT INFORMATION
Total net revenues									330,601	332,497	252,176
Reportable Geographical Components \| United Kingdom
SEGMENT INFORMATION
Total net revenues									286,103	279,545	222,297
Reportable Geographical Components \| Other EMEA
SEGMENT INFORMATION
Total net revenues									44,498	52,952	29,879
Reportable Geographical Components \| APAC
SEGMENT INFORMATION
Total net revenues									250,138	261,181	258,974
Eliminations
SEGMENT INFORMATION
Total net revenues									(59,783)	(52,211)	(48,640)
Eliminations \| Total Americas
SEGMENT INFORMATION
Total net revenues									17,461	16,322	17,498
Eliminations \| United States
SEGMENT INFORMATION
Total net revenues									17,461	16,322	17,498
Eliminations \| Total EMEA
SEGMENT INFORMATION
Total net revenues									5,835	2,887	874
Eliminations \| United Kingdom
SEGMENT INFORMATION
Total net revenues									5,835	2,887	874
Eliminations \| APAC
SEGMENT INFORMATION
Total net revenues									$ 36,487	$ 33,002	$ 30,268

SUPPLEMENTARY DATA UNAUDITED _3

SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS
Total revenues	$ 411,870	$ 302,889	$ 295,597	$ 268,071	$ 336,821	$ 290,477	$ 276,681	$ 279,257	$ 1,278,427	$ 1,183,236	$ 1,146,902
Costs of goods sold	268,850	199,103	199,390	180,574	214,355	187,619	176,908	179,927	847,917	758,809	726,984
Gross profit	143,020	103,786	96,207	87,497	122,466	102,858	99,773	99,330	430,510	424,427	419,918
Operating expenses:
Selling, general and administrative	67,165	53,707	54,003	53,438	65,538	57,813	54,879	57,323	228,313	235,553	240,747
Research and development	15,504	14,852	14,456	14,540	14,639	15,150	14,977	14,817	59,352	59,583	53,696
Impairment, restructuring and other charges, net	3,200	890	2,257	1,219	2,732	1,469	831	2,510
Total operating expenses	85,869	69,449	70,716	69,197	82,909	74,432	70,687	74,650	295,231	302,678	304,547
Income from operations	57,151	34,337	25,491	18,300	39,557	28,426	29,086	24,680	135,279	121,749	115,371
Interest and other expense, net	(5,702)	(5,727)	(5,180)	(3,432)	(2,428)	(2,301)	(2,217)	(2,016)
Other income						27,373
Income before income taxes	51,449	28,610	20,311	14,868	37,129	53,498	26,869	22,664	115,238	140,160	98,640
Provision for income taxes	(9,068)	(6,802)	(3,957)	(3,633)	(3,366)	(10,763)	(7,072)	(3,612)	(23,460)	(24,813)	(24,591)
Net income	$ 42,381	$ 21,808	$ 16,354	$ 11,235	$ 33,763	$ 42,735	$ 19,797	$ 19,052	$ 91,778	$ 115,347	$ 74,049
Basic	$ 2.53	$ 1.30	$ 0.97	$ 0.66	$ 1.99	$ 2.45	$ 1.11	$ 1.06	$ 5.45	$ 6.57	$ 4.12
Diluted	$ 2.46	$ 1.27	$ 0.96	$ 0.65	$ 1.94	$ 2.41	$ 1.09	$ 1.04	$ 5.34	$ 6.45	$ 4.03

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false