OSI Systems (OSIS) 10-K29 Aug 242024 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, 2024	Aug. 26, 2024	Dec. 31, 2023
Document and Entity Information
Document Type		10-K
Document Annual Report		true
Document Period End Date		Jun. 30, 2024
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			16,569,742
Entity Central Index Key		0001039065
Document Fiscal Year Focus		2024
Document Fiscal Period Focus		FY
Current Fiscal Year End Date		--06-30
Amendment Flag		false
Entity Public Float				$ 2,075,455
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, 2024	Jun. 30, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 95,353	$ 76,750
Accounts receivable, net	648,155	380,845
Inventories	397,939	338,008
Prepaid expenses and other current assets	74,077	44,300
Total current assets	1,215,524	839,903
Property and equipment, net	113,967	108,933
Goodwill	351,480	349,505
Intangible assets, net	139,529	140,857
Other assets	115,508	116,488
Total assets	1,936,008	1,555,686
CURRENT LIABILITIES:
Bank lines of credit	384,000	215,000
Current portion of long-term debt	8,167	8,076
Accounts payable	191,149	139,011
Accrued payroll and related expenses	46,732	51,243
Advances from customers	53,431	21,250
Other accrued expenses and current liabilities	131,158	137,114
Total current liabilities	814,637	571,694
Long-term debt, net	129,383	136,491
Deferred income taxes	3,287	6,571
Other long-term liabilities	125,218	114,765
Total liabilities	1,072,525	829,521
Commitments and contingencies (Note 11)
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, 16,755,772 and 17,055,497 shares at June 30, 2023 and 2024, respectively	24,289	9,835
Retained earnings	861,230	735,957
Accumulated other comprehensive loss	(22,036)	(19,627)
Total stockholders' equity	863,483	726,165
Total liabilities and stockholders' equity	$ 1,936,008	$ 1,555,686

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023
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	17,055,497	16,755,772
Common stock, shares outstanding	17,055,497	16,755,772

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Net revenues:
Total net revenues	$ 1,538,758	$ 1,278,427	$ 1,183,236
Cost of goods sold:
Total cost of goods sold	1,008,300	847,917	758,809
Gross profit	530,458	430,510	424,427
Operating expenses:
Selling, general and administrative	269,731	228,313	235,553
Research and development	65,275	59,352	59,583
Impairment, restructuring and other charges, net	6,391	7,566	7,542
Total operating expenses	341,397	295,231	302,678
Income from operation	189,061	135,279	121,749
Interest and other expense, net	(27,847)	(20,041)	(8,962)
Other income	0		27,373
Income before income taxes	161,214	115,238	140,160
Provision for income taxes	(33,060)	(23,460)	(24,813)
Net income	$ 128,154	$ 91,778	$ 115,347
Earnings per share:
Basic	$ 7.55	$ 5.45	$ 6.57
Diluted	$ 7.38	$ 5.34	$ 6.45
Shares used in per share calculation:
Basic	16,978	16,828	17,551
Diluted	17,354	17,190	17,870
Products
Net revenues:
Total net revenues	$ 1,207,590	$ 958,827	$ 897,259
Cost of goods sold:
Total cost of goods sold	822,346	676,772	608,990
Services
Net revenues:
Total net revenues	331,168	319,600	285,977
Cost of goods sold:
Total cost of goods sold	$ 185,954	$ 171,145	$ 149,819

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 128,154	$ 91,778	$ 115,347
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	(2,918)	267	(10,202)
Other, net of tax	509	5,568	(514)
Other comprehensive income (loss)	(2,409)	5,835	(10,716)
Comprehensive income	$ 125,745	$ 97,613	$ 104,631

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, 2021	$ 105,724	$ 548,842	$ (14,746)	$ 639,820
Balance, at the beginning (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 RSUs	$ 0			0
Vesting of RSUs (in shares)	337,442
Shares issued under employee stock purchase plan	$ 4,297			4,297
Shares issued under employee stock purchase plan (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)			(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 RSUs	$ 0			0
Vesting of RSUs (in shares)	313,862
Shares issued under employee stock purchase plan	$ 4,041			4,041
Shares issued under employee stock purchase plan (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)			(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
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	$ 1,851			1,851
Exercise of stock options (in shares)	22,698
Vesting of RSUs	$ 0			0
Vesting of RSUs (in shares)	390,375
Shares issued under employee stock purchase plan	$ 4,327			4,327
Shares issued under employee stock purchase plan (in shares)	61,781
Stock-based compensation	$ 28,706			$ 28,706
Repurchase of common stock (in shares)				0
Taxes paid related to net share settlement of equity awards	$ (20,430)	(2,881)		$ (23,311)
Taxes paid related to net share settlement of equity awards (in shares)	(175,129)
Net income	$ 0	128,154		128,154
Other comprehensive income (loss)	0		(2,409)	(2,409)
Balance, at the end at Jun. 30, 2024	$ 24,289	$ 861,230	$ (22,036)	$ 863,483
Balance, at the end (in shares) at Jun. 30, 2024	17,055,497

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 128,154	$ 91,778	$ 115,347
Adjustments to reconcile net income to net cash provided by (used in) operating activities, net of effects from acquisitions:
Depreciation and amortization	42,209	38,513	38,679
Stock-based compensation	28,706	29,124	28,072
Provision for (recovery of) losses on accounts receivable	5,574	(3,899)	(5,978)
Deferred income taxes	(14,133)	(3,978)	3,520
Amortization of debt discount and issuance costs	0	196	1,343
Impairment charges	0		1,006
Gain on sale of property and equipment	0		(27,373)
Other	94	250	(1,326)
Changes in operating assets and liabilities-net of business acquisitions:
Accounts receivable	(293,639)	(66,088)	(13,710)
Inventories	(57,292)	(115)	(44,662)
Prepaid expenses and other assets	(31,656)	(5,422)	22,323
Accounts payable	52,454	10,756	(15,055)
Accrued payroll and related expenses	(5,010)	4,716	(1,998)
Advances from customers	31,403	1,356	(18,423)
Other	25,635	(2,375)	(17,957)
Net cash provided by (used in) operating activities	(87,501)	94,812	63,808
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment	(22,102)	(15,811)	(14,921)
Proceeds from sale of property and equipment	510	347	34,132
Purchases of certificates of deposit	0	(5,280)	(2,243)
Proceeds from maturities of certificates of deposit	10,329	3,827	56
Acquisition of businesses, net of cash acquired	(9,046)	(7,101)	(14,132)
Payments for intangible and other assets	(17,330)	(16,443)	(15,566)
Net cash used in investing activities	(37,639)	(40,461)	(12,674)
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings on bank lines of credit	169,000	155,000	60,000
Proceeds from long-term debt	1,435	100,766	50,388
Payments on long-term debt	(8,450)	(249,842)	(46,074)
Proceeds from exercise of stock options and employee stock purchase plan	6,178	7,707	4,796
Payment of contingent consideration	(602)	(4,103)	(2,061)
Repurchase of common stock	0	(34,749)	(111,627)
Taxes paid related to net share settlement of equity awards	(23,311)	(11,954)	(19,430)
Net cash provided by (used in) financing activities	144,250	(37,175)	(64,008)
Effect of exchange rate changes on cash	(507)	(4,628)	(3,537)
Net increase (decrease) in cash and cash equivalents	18,603	12,548	(16,411)
Cash and cash equivalents-beginning of year	76,750	64,202	80,613
Cash and cash equivalents-end of year	95,353	76,750	64,202
Supplemental disclosure of cash flow information:
Interest	26,761	20,277	6,979
Income taxes	$ 42,100	$ 19,439	$ 16,658

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2024
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 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. 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. Consolidation Use of Estimates Cash and Cash Equivalents Our cash and cash equivalents totaled $95.4 million at June 30, 2024. Of this amount, approximately 81% 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, India, Singapore, Canada, and Australia, and to a lesser extent in Malaysia, Egypt, Albania, Indonesia and Germany, 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 in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The “Level 1” category comprises assets and liabilities measured at quoted prices in active markets for identical assets and liabilities. The “Level 2” category comprises assets and liabilities measured from observable inputs other than quoted market prices. The “Level 3” category comprises assets and liabilities for which valuation inputs are unobservable and significant to the fair value measurement. Our contingent payment obligations related to acquisitions, which are further discussed in Note 11 to the consolidated financial statements, are in the “Level 3” category for valuation purposes. The fair values of our financial assets and liabilities as of June 30, 2023 and 2024 are categorized as follows (in thousands): June 30, 2023 June 30, 2024 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets—Insurance company contracts $ — $ 47,181 $ — $ 47,181 $ — $ 49,679 $ — $ 49,679 Assets—Interest rate swap contract $ — $ 5,369 $ — $ 5,369 $ — $ 4,735 $ — $ 4,735 Liabilities—Contingent consideration $ — $ — $ 21,181 $ 21,181 $ — $ — $ 15,375 $ 15,375 Derivative Instruments and Hedging Activity 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, 2022, 2023 and 2024 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, 2023 and 2024, we held foreign currency forward contracts with notional amounts totaling $21.6 million and $96.4 million, respectively. Unrealized gains and losses from our foreign currency forward contracts as of June 30, 2023 and 2024 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 (loss) in our consolidated financial statements and are reclassified as net income when the underlying hedged interest impacts earnings. A qualitative and quantitative assessment of the interest rate swap 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, 2023 and June 30, 2024, the notional amount of the interest rate swap hedge derivative instrument was $175 million. The fair value of the interest rate swap contract as of June 30, 2023 and June 30, 2024 is recorded in Other assets within the consolidated balance sheet. The effect of the cash flow hedge on other comprehensive income (loss) and earnings for the periods presented was as follows: Fiscal Year Ended June 30, 2023 2024 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) $ (27,847) Gain (loss) recognized in other comprehensive income (loss), net of tax 3,892 (400) Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net 1,343 3,582 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 $76.8 million and $95.4 million at June 30, 2023 and 2024, respectively. Of these amounts, approximately 97% and 81% were held by our foreign subsidiaries at June 30, 2023 and 2024, 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 compone1nt 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 $ 0.6 million, $2.0 million and $(5.1) million for the fiscal years ended June 30, 2022, 2023 and 2024, 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): 2022 2023 2024 Net income available to common stockholders $ 115,347 $ 91,778 $ 128,154 Weighted average shares outstanding—basic 17,551 16,828 16,978 Dilutive effect of equity awards 319 362 376 Weighted average shares outstanding—diluted 17,870 17,190 17,354 Basic earnings per share $ 6.57 $ 5.45 $ 7.55 Diluted earnings per share $ 6.45 $ 5.34 $ 7.38 Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect 47 49 14 Warranty Provision 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 Warranty claims provided for/assumed in acquisition 5,878 Settlements made (5,938) Warranty provision as of June 30, 2024 $ 11,089 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 below, management believes that the impact of recently issued standards, which are not yet effective for the Company, will not have a material impact on our Consolidated Financial Statements upon adoption. There were no new pronouncements adopted in fiscal year 2024. In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07, “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items and interim disclosures of a reportable segment’s profit or loss and assets. ASU 2023-07 is to be applied on a retrospective basis and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024 with early adoption permitted. We are evaluating the impact of ASU 2023-07 on disclosures in our Consolidated Financial Statements. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”), which provides for additional disclosures primarily related to the income tax rate reconciliations and income taxes paid. ASU 2023-09 requires entities to annually disclose the income tax rate reconciliation using both amounts and percentages, considering several categories of reconciling items, including state and local income taxes, foreign tax effects, tax credits and nontaxable or nondeductible items, among others. Disclosure of the reconciling items is subject to a quantitative threshold and disaggregation by nature and jurisdiction. ASU 2023-09 also requires entities to disclose net income taxes paid or received to federal, state and foreign jurisdictions, as well as by individual jurisdiction, subject to a five percent quantitative threshold. ASU 2023-09 may be adopted on a prospective or retrospective basis and is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. We are evaluating the impact of ASU 2023-09 on disclosures in our Consolidated Financial Statements.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
BUSINESS COMBINATIONS	Jun. 30, 2024
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	2. BUSINESS COMBINATIONS Fiscal Year 2024 Business Acquisitions In December 2023, we (through our Optoelectronics and Manufacturing division) acquired a privately held contract manufacturer for approximately $6.3 million. The acquisition was financed with cash on hand. The goodwill recognized for this business acquisition is deductible for income tax purposes. In October 2023, we (through our Security division) acquired a privately held provider of radiation detection technology for approximately $2.8 million, plus up to $3.6 million in potential contingent consideration. The acquisition was financed with cash on hand. The goodwill recognized for this business acquisition is not deductible for income tax purposes. 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 we recognized for fiscal year 2023 business acquisitions are 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. This acquisition was financed with cash on hand. The goodwill recognized for this transaction is deductible for income tax purposes. The acquisitions we completed in fiscal 2022, 2023, and 2024, 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, 2024
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 2023 2024 Accounts receivable $ 395,218 $ 667,227 Less allowance for doubtful accounts (14,373) (19,072) Total $ 380,845 $ 648,155 June 30, Inventories 2023 2024 Raw materials $ 233,217 $ 238,086 Work-in-process 56,329 66,910 Finished goods 48,462 92,943 Total $ 338,008 $ 397,939 Estimated Useful June 30, Property and equipment, net Lives 2023 2024 Land N/A $ 15,691 $ 15,494 Buildings, civil works and improvements 5 - 40 years 49,166 48,552 Leasehold improvements 1 - 20 years 13,553 13,573 Equipment and tooling 3 - 10 years 135,703 146,819 Furniture and fixtures 3 - 10 years 3,632 3,348 Computer equipment 3 - 5 years 24,119 22,597 Computer software 3 - 10 years 26,981 29,195 Computer software implementation in process N/A 9,705 6,514 Construction in process N/A 4,108 6,986 Total 282,658 293,078 Less accumulated depreciation and amortization (173,725) (179,111) Property and equipment, net $ 108,933 $ 113,967 During fiscal 2022, 2023 and 2024, depreciation expense was approximately $21.0 million, $19.5 million and $19.4 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Jun. 30, 2024
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 2023 and 2024 are as follows (in thousands): Optoelectronics and Security Manufacturing Healthcare Division Division Division Consolidated Balance as of June 30, 2022 $ 225,555 $ 67,615 $ 43,187 $ 336,357 Goodwill acquired or adjusted during the period 5,021 2,574 5,161 12,756 Foreign currency translation adjustment 86 199 107 392 Balance as of June 30, 2023 $ 230,662 $ 70,388 $ 48,455 $ 349,505 Goodwill acquired or adjusted during the period 1,628 827 — 2,455 Foreign currency translation adjustment (75) (408) 3 (480) Balance as of June 30, 2024 $ 232,215 $ 70,807 $ 48,458 $ 351,480 Intangible assets consisted of the following (dollar amounts in thousands): June 30, 2023 June 30, 2024 Weighted Gross Gross Average Carrying Accumulated Intangibles Carrying Accumulated Intangibles Lives Value Amortization Net Value Amortization Net Amortizable assets: Software development costs 7 years $ 77,844 $ (20,285) $ 57,559 $ 79,228 $ (10,646) $ 68,582 Patents 19 years 8,636 (3,404) 5,232 9,116 (3,861) 5,255 Developed technology 10 years 68,274 (38,353) 29,921 70,186 (45,740) 24,446 Customer relationships 7 - 8 years 55,780 (39,101) 16,679 51,113 (41,421) 9,692 Total amortizable assets 210,534 (101,143) 109,391 209,643 (101,668) 107,975 Non-amortizable assets: In-process R&D 533 — 533 — — — Trademarks 30,933 — 30,933 31,554 — 31,554 Total intangible assets $ 242,000 $ (101,143) $ 140,857 $ 241,197 $ (101,668) $ 139,529 Amortization expense related to intangible assets was $17.7 million, $19.0 million and $22.8 million for fiscal 2022, 2023 and 2024, respectively. At June 30, 2024, the estimated future amortization expense was as follows (in thousands): 2025 $ 15,531 2026 12,144 2027 8,544 2028 5,602 2029 3,686 Thereafter 62,468 Total $ 107,975 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 2022, 2023 and 2024, we capitalized software development costs in the amounts of $15.2 million, $16.2 million and $16.6 million, respectively.

CONTRACT ASSETS AND LIABILITIES

CONTRACT ASSETS AND LIABILITIES	12 Months Ended
CONTRACT ASSETS AND LIABILITIES	Jun. 30, 2024
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, 2023 and 2024, 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, 2023 2024 Change % Change Unbilled revenue (included in accounts receivable, net) $ 86,818 $ 338,944 $ 252,126 290 % Contract Liabilities (dollar amounts in thousands) June 30, June 30, 2023 2024 Change % Change Advances from customers $ 21,250 $ 53,431 $ 32,181 151 % Deferred revenue—current 43,861 46,855 2,994 7 % Deferred revenue—long-term 22,200 22,809 609 3 % 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, 2024, the aggregate portion of the transaction price allocated to remaining performance obligations was approximately $836.4 million. We expect to recognize revenue on approximately 53% 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, 2024, we recognized revenue of $59.1 million from contract liabilities existing as of July 1, 2023. 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, 2024
LEASES
LEASES	6. LEASES The components of operating lease expense for the fiscal years ended June 30, 2023 and 2024 were as follows (in thousands): Fiscal Year Ended June 30, 2023 2024 Operating lease cost $ 11,364 $ 11,227 Variable lease cost 1,323 1,127 Short-term lease cost 923 1,441 $ 13,610 $ 13,795 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, 2023 June 30, 2024 Operating lease ROU assets, net Other assets $ 32,618 $ 30,040 Operating lease liabilities, current portion Other accrued expenses and current liabilities $ 9,787 $ 9,706 Operating lease liabilities, long-term Other long-term liabilities 23,733 21,127 Total operating lease liabilities $ 33,520 $ 30,833 Weighted average remaining lease term 3.8 years Weighted average discount rate 4.4 % Supplemental cash flow information related to operating leases for the year ended June 30, 2024 was as follows (in thousands): Fiscal Year Ended June 30, 2023 2024 Cash paid for operating lease liabilities $ 11,418 $ 11,914 ROU assets obtained in exchange for new lease obligations 14,574 7,197 Maturities of operating lease liabilities at June 30, 2024 were as follows (in thousands): June 30, 2024 Less than one year $ 10,823 1 – 2 years 9,313 2 – 3 years 7,619 3 – 4 years 2,976 4 – 5 years 1,191 Thereafter 1,544 33,466 Less: Imputed interest (2,633) Total lease liabilities $ 30,833

IMPAIRMENT, RESTRUCTURING AND O

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES	12 Months Ended
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES	Jun. 30, 2024
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, 2024, we recognized $6.4 million in restructuring and other charges, which included $3.2 million for facility closure costs for operational efficiency activities, $1.4 million for employee terminations, $1.0 million in acquisition related costs, and $0.8 million in legal charges. 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. The following tables summarize impairment, restructuring and other charges for the periods set forth below (in thousands): Fiscal 2024 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Total Acquisition-related costs $ 247 $ 201 $ — $ 514 $ 962 Employee termination costs 285 199 810 122 1,416 Facility closures/consolidation 90 3,148 — — 3,238 Legal costs, net 53 — — 722 775 Total expensed $ 675 $ 3,548 $ 810 $ 1,358 $ 6,391 Fiscal 2023 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Total Acquisition-related costs $ 23 $ 7 $ 225 $ 127 $ 382 Employee termination costs 849 532 355 — 1,736 Facility closures/consolidation 35 1,504 — — 1,539 Legal costs, net 808 464 2,497 140 3,909 Total expensed $ 1,715 $ 2,507 $ 3,077 $ 267 $ 7,566 Fiscal 2022 Optoelectronics and Security Manufacturing Healthcare 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 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 2023 and 2024 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, 2022 $ — $ 181 $ 23 $ 1,780 $ 1,984 Restructuring and other charges (benefit), net 382 1,736 1,539 3,909 7,566 Payments, adjustments and reimbursements, net (375) (1,810) 47 (5,033) (7,171) Balance as of June 30, 2023 $ 7 $ 107 $ 1,609 $ 656 $ 2,379 Restructuring and other charges (benefit), net 962 1,416 3,238 775 6,391 Payments, adjustments and reimbursements, net (473) (1,229) (4,620) (623) (6,945) Balance as of June 30, 2024 $ 496 $ 294 $ 227 $ 808 $ 1,825

BORROWINGS

BORROWINGS	12 Months Ended
BORROWINGS	Jun. 30, 2024
BORROWINGS.
BORROWINGS	8. BORROWINGS Revolving Credit Facility Our senior secured credit facility comprises a term loan and a $600 million revolving credit facility which mature in December 2026. The revolving credit facility includes a $300 million sub-limit for letters of credit. Under certain circumstances and subject to certain conditions, we have the ability to increase the revolving credit facility by an amount equal to the greater of $250 million or such amount as would not cause our secured 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, 2024 (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, 2024 (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, 2024, there were $384.0 million of borrowings outstanding under the revolving credit facility, $74.5 million outstanding under the letters of credit sub-facility, and $135.6 million outstanding under the term loan. As of June 30, 2024, the amount available to borrow under the revolving credit facility was $141.5 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, 2024, 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. 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, 2024, $54.4 million was outstanding under these letter-of-credit facilities. As of June 30, 2024, the total amount available under these credit facilities was $34.2 million. Long-term debt consisted of the following (in thousands): June 30, 2023 2024 Term loan $ 143,125 $ 135,625 Other long-term debt 1,442 1,925 144,567 137,550 Less current portion of long-term debt (8,076) (8,167) Long-term portion of debt $ 136,491 $ 129,383 Fiscal year principal payments of long-term debt as of June 30, 2024 are as follows (in thousands): 2025 $ 8,167 2026 8,119 2027 121,115 2028 145 2029 and thereafter 4 Total $ 137,550 In July 2024 we issued $350 million aggregate principal amount of our 2.25% convertible senior notes (“Notes”) due August 2029. The initial conversion rate is 5.2090 shares of the Company’s common stock per $1,000 principal amount of Notes, which represents an initial conversion price of approximately $191.98 per share of the Company’s common stock.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2024
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	9. STOCKHOLDERS’ EQUITY Stock-based Compensation As of June 30, 2024, 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): 2022 2023 2024 Cost of goods sold $ 812 $ 911 $ 930 Selling, general and administrative 26,749 27,716 27,155 Research and development 511 497 621 Stock-based compensation expense $ 28,072 $ 29,124 $ 28,706 As of June 30, 2024, total unrecognized compensation cost related to stock-based compensation grants under the OSI Plan were estimated at $0.9 million for stock options and $13.6 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 2.1 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. 2022 2023 2024 Expected dividend — — — Risk-free interest rate 1.2 % 3.9 % 4.5 % Expected volatility 31.0 % 31.0 % 29.0 % Expected holding period (in years) 4.5 4.5 4.5 The following summarizes stock option activity for fiscal years 2022, 2023 and 2024: Weighted- Average Weighted-Average Aggregate Number of Exercise Remaining Contractual Intrinsic Value Options Price Term (in thousands) 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 Granted 22,438 119.45 Exercised (22,698) 81.67 Expired or forfeited (4,459) 86.72 Outstanding at June 30, 2024 78,958 $ 97.87 7.6 years $ 3.131 Exercisable at June 30, 2024 34,647 $ 88.53 6.1 years $ 1.698 The per-share weighted-average grant-date fair value of stock options granted under the OSI Plan was $26.72, $28.46 and $38.28 for fiscal 2022, 2023 and 2024, respectively. The total intrinsic value of options exercised during fiscal 2024 was $1.1 million. Restricted Stock Units Weighted- Average Shares Fair Value 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 Granted 333,114 95.42 Vested (390,375) 79.75 Forfeited (6,663) 88.76 Nonvested at June 30, 2024 391,591 $ 99.21 The per-share weighted average grant-date fair value of RSUs granted under the OSI Plan was $90.31, $87.90, and $95.42 for fiscal 2022, 2023 and 2024, respectively. The total fair value of shares vested during fiscal 2022, 2023 and 2024 was $27.9 million, $30.2 million, and $31.1 million, respectively. In December 2023, our shareholders approved an amendment to the OSI Plan, which increased the shares available under the OSI Plan by 2.4 million shares, resulting in a maximum pool of 9.5 million shares. As of June 30, 2024, there were approximately 2.5 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 96,620, 110,811, and 75,988 performance-based awards during fiscal 2022, 2023 and 2024, 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, 2022, 2023 and 2024, employees purchased 60,708, 60,465, 63,111 shares, respectively. As of June 30, 2024, there were 353,651 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 2022, 2023 and 2024, we repurchased 1,294,594 shares, 400,230 shares and none, respectively, of common stock under our then current programs. As of June 30, 2024, there were 1,721,870 shares remaining available for repurchase under the authorized repurchase program. Subsequent to June 30, 2024, in connection with the issuance of the Notes in July 2024, we repurchased 531,314 shares of common stock for an aggregate purchase price of $80 million. 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, 2024
INCOME TAXES
INCOME TAXES	10. INCOME TAXES The following is a geographical breakdown of income before the provision for income taxes (in thousands): 2022 2023 2024 Pre-tax income: United States $ 51,295 $ 7,114 $ 41,330 Foreign 88,865 108,124 119,884 Total pre-tax income $ 140,160 $ 115,238 $ 161,214 Our provision (benefit) for income taxes consists of the following (in thousands): 2022 2023 2024 Current: Federal $ 6,216 $ 6,860 $ 22,229 State 1,964 861 2,122 Foreign 13,113 19,717 22,842 Total current provision 21,293 27,438 47,193 Deferred: Federal $ 3,915 $ (2,547) $ (13,375) State 133 (678) (594) Foreign (528) (753) (164) Total deferred provision (benefit) 3,520 (3,978) (14,133) Total provision $ 24,813 $ 23,460 $ 33,060 As of June 30, 2023 and 2024, our liability for uncertain tax positions was $12.0 million and $18.1 million, respectively. The amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was $18.1 million as of June 30, 2024. We recognize potential interest and penalties related to income tax matters in income tax expense. As of June 30, 2024, we have accrued $3.5 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 2018 for federal purposes, fiscal years after 2018 for state purposes and fiscal years after 2016 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 2023 and 2024 is as follows (in thousands). 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 Additions on tax positions for the current year 2,800 Additions on tax positions from prior years 1,002 Reduction in tax positions from prior year (866) Balance at June 30, 2024 $ 17,914 Deferred income tax assets (liabilities) consisted of the following (in thousands): June 30, 2023 2024 Deferred income tax assets: Tax credit carryforwards $ 5,934 $ 5,960 Net operating loss carryforwards 3,678 3,311 Customer advances 3,443 10,008 Allowance for doubtful accounts 2,994 3,615 Inventory reserve 11,026 11,754 Inventory capitalization 481 424 Accrued liabilities 2,956 2,877 Operating lease liabilities 8,043 7,732 Stock and deferred compensation 12,224 12,624 Other assets 1,164 721 Total deferred income tax assets 51,943 59,026 Valuation allowance (8,433) (9,365) Net deferred income tax assets 43,510 49,661 Deferred income tax liabilities: Depreciation (5,860) (5,543) Amortization of intangible assets (21,617) (12,096) Withholding tax on unrepatriated foreign earnings (6,851) (7,834) Operating lease ROU assets (7,931) (7,223) State transition tax (1,754) (1,754) Other liabilities (1,824) (4,814) Total deferred income tax liabilities (45,837) (39,264) Net deferred income tax liability $ (2,327) $ 10,397 The components of the net deferred income tax liability are classified in the consolidated balance sheets as follows (in thousands): June 30, 2023 2024 Long term deferred income tax asset, included in other assets $ 4,244 $ 13,684 Long term deferred income tax liability (6,571) (3,287) Net deferred income tax liability $ (2,327) $ 10,397 The components of current taxes receivable and payable and prepaid taxes are classified in the consolidated balance sheets as follows (in thousands): June 30, 2023 2024 Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets $ 7,216 $ 13,347 Current taxes payable, included in other accrued expenses and current liabilities (13,692) (17,320) Net tax receivable (payable) $ (6,476) $ (3,973) As of June 30, 2024, we had federal, state and foreign net operating losses carryforwards of approximately $0.8 million, $18.9 million and $7.4 million, respectively. Our net operating loss carryforwards will begin to expire in the tax year ending June 30, 2026. As of June 30, 2024, we had federal and state tax credit carryforwards of approximately $0.5 million and $7.7 million, respectively. Our credit carryforwards will begin to expire in the tax year ending June 30, 2031. 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, 2024, we recorded a net aggregated increase of $0.9 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 $0.6 and $0.8 million was recognized in fiscal 2023 and 2024, respectively. The consolidated effective income tax rate differs from the federal statutory income tax rate due primarily to the following: June 30, 2022 2023 2024 Provision for income taxes at federal statutory rate 21.0 % 21.0 % 21 % Research and development tax credits (1.3) (1.5) (1.6) Foreign income subject to tax at other than federal statutory rate 0.2 0.2 1.7 Stock compensation (1.2) (0.4) (0.5) Officers’ compensation 4.3 5.5 4.1 Change in valuation allowance (4.0) (0.5) 1.0 Unrecognized tax expense (benefit) (1.4) 0.3 3.7 Tax on foreign currency gains and losses — (0.6) 0.1 State tax expense 1.0 0.3 0.6 U.S. tax on foreign earnings 0.9 1.4 (0.8) Changes in prior year estimates (0.6) (1.1) (2.4) Global intangible low-taxed income, net of foreign tax credits 0.3 0.8 0.8 Foreign Derived Intangible Income Benefit (1.3) (1.8) (4.3) Non-taxable earnings from acquisitions (0.6) (2.1) (0.8) Patent box benefit (0.3) (1.9) (3.2) Withholding tax on foreign earnings — — 0.6 Other 0.7 0.8 0.5 Effective income tax rate 17.7 % 20.4 % 20.5 % 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, 2024
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 $1.9 million, $3.4 million and $0.6 million, respectively, during the fiscal years ended June 30, 2022, 2023 and 2024, respectively. 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, 2023 $ 21,181 Addition of contingent earnout obligations 1,766 Foreign currency translation adjustment (25) Changes in fair value for contingent earnout obligations (6,945) Payments on contingent earnout obligations (602) Ending fair value, June 30, 2024 $ 15,375 Advances from Customers Guarantees— We are periodically required to provide performance bonds to do business with certain customers. These arrangements are common in the industry and generally have terms ranging between one year and ten years . The bonds are provided by various bonding agencies. However, we are ultimately liable for claims that may occur against them. As of June 30, 2023 and 2024, we had a maximum financial exposure related to performance bonds of approximately $64 million and $99 million, respectively. As described in Note 8, we and several of our foreign subsidiaries have issued letters of credit under the revolving credit facility and international bank facilities. These letters of credit are issued to protect various customers, suppliers and government agencies under contractual arrangements and regulatory requirements. We have no history of significant claims and there are no pending matters that would require us to perform under any of these arrangements, and we believe that the resolution of any claims that might arise in the future, either individually or in the aggregate, would not materially affect the consolidated financial statements. Accordingly, no liability for any of these arrangements has been recorded as of June 30, 2023 and 2024. 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, provided 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 was recorded in the financial statements over the remaining term of the employment agreement and was included in accrued payroll and related expenses at June 30, 2023 and subsequently paid in February 2024. Legal Proceedings We are involved in various other potential or actual 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, 2024
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, 2022, 2023 and 2024 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. Net sales to the joint venture partner for fiscal 2022, 2023 and 2024 were approximately $2.3 million, $6.9 million and $10.4 million, respectively. Receivables from the joint venture were $1.9 million and $1.4 million as of June 30, 2023 and 2024, respectively.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
EMPLOYEE BENEFIT PLANS	Jun. 30, 2024
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 $6.9 million, $7.2 million and $7.4 million to the plans for the fiscal years ended June 30, 2022, 2023 and 2024, 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, $0.6 million and $0.7 million for fiscal year 2022, 2023 and 2024, respectively. As of June 30, 2024, we held assets of $40.6 million and liabilities of $40.5 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 2023 and 2024, and a statement of the funded status as of June 30, 2023 and 2024 (in thousands): 2023 2024 Change in Benefit Obligation Benefit obligation at beginning of year $ 18,464 $ 18,228 Translation adjustment 149 (11) Interest costs 624 795 Actuarial (gain) loss (847) 71 Benefits paid (162) (6,216) Benefit obligation at end of year 18,228 12,867 Change in Plan Assets Fair value of plan assets at beginning of year 5,977 6,513 Translation adjustment 243 11 Actual return on plan assets 413 1,159 Company contributions — 6,009 Benefits paid (120) (6,175) Fair value of plan assets at end of year 6,513 7,517 Funded status and net benefit obligation amount recognized $ (11,715) $ (5,350) Amount recognized in consolidated balance sheets consists of: Net benefit asset (included in other current assets) $ 3,264 $ 4,203 Current portion of net pension liability (included in other current liabilities) (6,189) (1,412) Net long term pension liability (included in other long-term liabilities) (8,790) (8,201) Accumulated other comprehensive income (loss) 2,365 (349) 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 $13.6 million and $9.0 million as of June 30, 2023 and 2024, respectively, included in Other Assets on the consolidated balance sheets. These amounts are not included in the fair value of plan assets in the table above. In the fiscal year ending June 30, 2024, $6.0 million from the rabbi trust was used as a company contribution to the nonqualified plan and paid during the year. The following table provides the net periodic benefit costs for the fiscal years ended June 30, (in thousands): 2022 2023 2024 Net Periodic Benefit Costs Interest costs $ 464 $ 624 $ 795 Service costs — — — Expected return on plan assets (279) (340) (487) Amortization of prior service costs 1,115 1,330 548 Recognized actuarial loss (gain) 41 83 (119) Net periodic benefit cost $ 1,341 $ 1,697 $ 737 Plan Assumptions 2023 2024 Weighted average assumptions at year-end: Discount rate 5.3 % 5.0 % Expected return on plan assets 5.8 % 7.6 % 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, 2023 June 30, 2024 Proportion of Expected Rate Proportion of Expected Rate Fair Value of Return Fair Value of Return Equity securities 86 % 6.6 % 87 % 8.4 % Debt securities 13 % 0.8 % 12 % 1.9 % Cash 1 % 0.4 % 1 % 1.9 % Combined 100 % 5.8 % 100 % 7.6 % 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, 2024 (in thousands): Pension Benefits July 1, 2024 to June 30, 2025 $ 1,545 July 1, 2025 to June 30, 2026 2,304 July 1, 2026 to June 30, 2027 2,323 July 1, 2027 to June 30, 2028 2,338 July 1, 2028 to June 30, 2029 1,790 July 1, 2029 to June 30, 2034 2,056 Company Contribution A contribution of $6.0 million during fiscal year 2024 for the nonqualified plan was provided by the rabbi trust as described above. Future contributions for the nonqualified plan are expected to be provided by the rabbi trust.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Jun. 30, 2024
SEGMENT INFORMATION
SEGMENT INFORMATION	14. SEGMENT INFORMATION We operate in three identifiable industry segments: (a) security and inspection systems (Security division), (b) optoelectronic devices and manufacturing (Optoelectronics and Manufacturing division) and (c) medical monitoring systems (Healthcare 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 2022 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 663,159 $ 314,419 $ 205,658 $ — $ — $ 1,183,236 Revenue between product segments — 52,242 — — (52,242) — Total revenues $ 663,159 $ 366,661 $ 205,658 $ — $ (52,242) $ 1,183,236 Income (loss) from operations $ 98,784 $ 45,030 $ 24,696 $ (46,950) $ 189 $ 121,749 Segments assets $ 839,769 $ 301,483 $ 231,423 $ 104,834 $ (34,359) $ 1,443,150 Capital expenditures $ 5,513 $ 4,533 $ 2,295 $ 2,580 $ — $ 14,921 Depreciation and amortization $ 22,970 $ 8,098 $ 5,915 $ 1,696 $ — $ 38,679 Fiscal 2023 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 760,291 $ 327,648 $ 190,488 $ — $ — $ 1,278,427 Revenue between product segments — 59,783 — — (59,783) — Total revenues $ 760,291 $ 387,431 $ 190,488 $ — $ (59,783) $ 1,278,427 Income (loss) from operations $ 115,023 $ 46,680 $ 11,365 $ (39,075) $ 1,286 $ 135,279 Segments assets $ 948,126 $ 310,930 $ 245,856 $ 94,678 $ (43,904) $ 1,555,686 Capital expenditures $ 3,689 $ 7,390 $ 2,726 $ 1,968 $ 38 $ 15,811 Depreciation and amortization $ 23,504 $ 7,582 $ 5,757 $ 1,670 $ — $ 38,513 Fiscal 2024 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 1,043,073 $ 324,250 $ 171,435 $ — $ — $ 1,538,758 Revenue between product segments — 60,018 — — (60,018) — Total revenues $ 1,043,073 $ 384,268 $ 171,435 $ — $ (60,018) $ 1,538,758 Income (loss) from operations $ 183,270 $ 42,814 $ 6,013 $ (40,913) $ (2,123) $ 189,061 Segments assets $ 1,333,259 $ 288,629 $ 255,093 $ 106,078 $ (47,051) $ 1,936,008 Capital expenditures $ 11,997 $ 4,007 $ 3,219 $ 2,879 $ — $ 22,102 Depreciation and amortization $ 25,831 $ 9,040 $ 5,794 $ 1,544 $ — $ 42,209 The following tables present the revenues and identifiable assets by geographical area (in thousands): 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 Fiscal 2024 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets Assets Geographic region: United States $ 527,120 $ 23,316 $ 550,436 $ 127,682 $ 535,225 Mexico 423,185 — 423,185 3,312 4,407 Other Americas 61,583 — 61,583 6,600 22,465 Total Americas 1,011,888 23,316 1,035,204 137,594 562,097 United Kingdom 234,858 11,083 245,941 26,506 82,690 Other Europe, Middle East and Africa 49,972 — 49,972 4,256 11,381 Total EMEA 284,830 11,083 295,913 30,762 94,071 Asia-Pacific 242,040 25,619 267,659 17,524 20,721 Eliminations — (60,018) (60,018) — — Total $ 1,538,758 $ — $ 1,538,758 $ 185,880 $ 676,889 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, 2024
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, 2023 and 2024 (in thousands, except per share data): 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 Quarter Ended September 30, December 31, March 31, June 30, 2023 2023 2024 2024 (Unaudited) Net revenues $ 279,210 $ 373,235 $ 405,406 $ 480,907 Costs of goods sold 180,465 231,934 269,311 326,590 Gross profit 98,745 141,301 136,095 154,317 Operating expenses: Selling, general and administrative 59,798 71,604 66,584 71,745 Research and development 15,922 16,350 17,144 15,859 Impairment, restructuring and other charges, net 466 1,026 1,004 3,895 Total operating expenses 76,186 88,980 84,732 91,499 Income from operations 22,559 52,321 51,363 62,818 Interest and other expense, net (5,748) (6,534) (7,407) (8,158) Income before income taxes 16,811 45,787 43,956 54,660 Provision for income taxes (3,932) (9,234) (9,913) (9,981) Net income $ 12,879 $ 36,553 $ 34,043 $ 44,679 Basic earnings per common share $ 0.77 $ 2.15 $ 2.00 $ 2.62 Diluted earnings per common share $ 0.75 $ 2.11 $ 1.95 $ 2.55

Insider Trading Arrangements

Insider Trading Arrangements - Deepak Chopra	3 Months Ended
Insider Trading Arrangements - Deepak Chopra	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On May 29, 2024 , Deepak Chopra , our Chairman, Chief Executive Officer, and President , adopted a Rule 10b5 - 1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5 - 1 (c) for the sale of up to 80,000 shares of our common stock until May 16, 2025 . None of our other directors or officers informed us during the quarter ended June 30, 2024 of the adoption, modification or termination of a Rule 10b5 - 1 trading arrangement or non - Rule 10b5 - 1 trading arrangement, as those terms are defined in Regulation S - K, Item 408.
Name	Deepak Chopra
Title	Chairman, Chief Executive Officer, and President
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 29, 2024
Rule 10b5-1 Arrangement Terminated	true
Termination Date	May 16, 2025
Aggregate Available	80,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2024
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 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. 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.
Consolidation	Consolidation
Use of Estimates	Use of Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents Our cash and cash equivalents totaled $95.4 million at June 30, 2024. Of this amount, approximately 81% 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, India, Singapore, Canada, and Australia, and to a lesser extent in Malaysia, Egypt, Albania, Indonesia and Germany, 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 in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The “Level 1” category comprises assets and liabilities measured at quoted prices in active markets for identical assets and liabilities. The “Level 2” category comprises assets and liabilities measured from observable inputs other than quoted market prices. The “Level 3” category comprises assets and liabilities for which valuation inputs are unobservable and significant to the fair value measurement. Our contingent payment obligations related to acquisitions, which are further discussed in Note 11 to the consolidated financial statements, are in the “Level 3” category for valuation purposes. The fair values of our financial assets and liabilities as of June 30, 2023 and 2024 are categorized as follows (in thousands): June 30, 2023 June 30, 2024 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets—Insurance company contracts $ — $ 47,181 $ — $ 47,181 $ — $ 49,679 $ — $ 49,679 Assets—Interest rate swap contract $ — $ 5,369 $ — $ 5,369 $ — $ 4,735 $ — $ 4,735 Liabilities—Contingent consideration $ — $ — $ 21,181 $ 21,181 $ — $ — $ 15,375 $ 15,375
Derivative Instruments and Hedging Activity	Derivative Instruments and Hedging Activity 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, 2022, 2023 and 2024 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, 2023 and 2024, we held foreign currency forward contracts with notional amounts totaling $21.6 million and $96.4 million, respectively. Unrealized gains and losses from our foreign currency forward contracts as of June 30, 2023 and 2024 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 (loss) in our consolidated financial statements and are reclassified as net income when the underlying hedged interest impacts earnings. A qualitative and quantitative assessment of the interest rate swap 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, 2023 and June 30, 2024, the notional amount of the interest rate swap hedge derivative instrument was $175 million. The fair value of the interest rate swap contract as of June 30, 2023 and June 30, 2024 is recorded in Other assets within the consolidated balance sheet. The effect of the cash flow hedge on other comprehensive income (loss) and earnings for the periods presented was as follows: Fiscal Year Ended June 30, 2023 2024 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) $ (27,847) Gain (loss) recognized in other comprehensive income (loss), net of tax 3,892 (400) Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net 1,343 3,582
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 $76.8 million and $95.4 million at June 30, 2023 and 2024, respectively. Of these amounts, approximately 97% and 81% were held by our foreign subsidiaries at June 30, 2023 and 2024, 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 compone1nt 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 $ 0.6 million, $2.0 million and $(5.1) million for the fiscal years ended June 30, 2022, 2023 and 2024, respectively.
Business Combinations	Business Combinations
Earnings Per Share	Earnings per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): 2022 2023 2024 Net income available to common stockholders $ 115,347 $ 91,778 $ 128,154 Weighted average shares outstanding—basic 17,551 16,828 16,978 Dilutive effect of equity awards 319 362 376 Weighted average shares outstanding—diluted 17,870 17,190 17,354 Basic earnings per share $ 6.57 $ 5.45 $ 7.55 Diluted earnings per share $ 6.45 $ 5.34 $ 7.38 Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect 47 49 14
Warranty Provision	Warranty Provision 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 Warranty claims provided for/assumed in acquisition 5,878 Settlements made (5,938) Warranty provision as of June 30, 2024 $ 11,089
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 below, management believes that the impact of recently issued standards, which are not yet effective for the Company, will not have a material impact on our Consolidated Financial Statements upon adoption. There were no new pronouncements adopted in fiscal year 2024. In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07, “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items and interim disclosures of a reportable segment’s profit or loss and assets. ASU 2023-07 is to be applied on a retrospective basis and is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024 with early adoption permitted. We are evaluating the impact of ASU 2023-07 on disclosures in our Consolidated Financial Statements. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”), which provides for additional disclosures primarily related to the income tax rate reconciliations and income taxes paid. ASU 2023-09 requires entities to annually disclose the income tax rate reconciliation using both amounts and percentages, considering several categories of reconciling items, including state and local income taxes, foreign tax effects, tax credits and nontaxable or nondeductible items, among others. Disclosure of the reconciling items is subject to a quantitative threshold and disaggregation by nature and jurisdiction. ASU 2023-09 also requires entities to disclose net income taxes paid or received to federal, state and foreign jurisdictions, as well as by individual jurisdiction, subject to a five percent quantitative threshold. ASU 2023-09 may be adopted on a prospective or retrospective basis and is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. We are evaluating the impact of ASU 2023-09 on disclosures in our Consolidated Financial Statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Jun. 30, 2024
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, 2023 and 2024 are categorized as follows (in thousands): June 30, 2023 June 30, 2024 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets—Insurance company contracts $ — $ 47,181 $ — $ 47,181 $ — $ 49,679 $ — $ 49,679 Assets—Interest rate swap contract $ — $ 5,369 $ — $ 5,369 $ — $ 4,735 $ — $ 4,735 Liabilities—Contingent consideration $ — $ — $ 21,181 $ 21,181 $ — $ — $ 15,375 $ 15,375
Schedule of effect of the cash flow hedges on other comprehensive loss and earnings	Fiscal Year Ended June 30, 2023 2024 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) $ (27,847) Gain (loss) recognized in other comprehensive income (loss), net of tax 3,892 (400) Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net 1,343 3,582
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): 2022 2023 2024 Net income available to common stockholders $ 115,347 $ 91,778 $ 128,154 Weighted average shares outstanding—basic 17,551 16,828 16,978 Dilutive effect of equity awards 319 362 376 Weighted average shares outstanding—diluted 17,870 17,190 17,354 Basic earnings per share $ 6.57 $ 5.45 $ 7.55 Diluted earnings per share $ 6.45 $ 5.34 $ 7.38 Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect 47 49 14
Schedule of warranty provisions	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 Warranty claims provided for/assumed in acquisition 5,878 Settlements made (5,938) Warranty provision as of June 30, 2024 $ 11,089

BALANCE SHEET DETAILS (Tables)

BALANCE SHEET DETAILS (Tables)	12 Months Ended
BALANCE SHEET DETAILS (Tables)	Jun. 30, 2024
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 2023 2024 Accounts receivable $ 395,218 $ 667,227 Less allowance for doubtful accounts (14,373) (19,072) Total $ 380,845 $ 648,155 June 30, Inventories 2023 2024 Raw materials $ 233,217 $ 238,086 Work-in-process 56,329 66,910 Finished goods 48,462 92,943 Total $ 338,008 $ 397,939 Estimated Useful June 30, Property and equipment, net Lives 2023 2024 Land N/A $ 15,691 $ 15,494 Buildings, civil works and improvements 5 - 40 years 49,166 48,552 Leasehold improvements 1 - 20 years 13,553 13,573 Equipment and tooling 3 - 10 years 135,703 146,819 Furniture and fixtures 3 - 10 years 3,632 3,348 Computer equipment 3 - 5 years 24,119 22,597 Computer software 3 - 10 years 26,981 29,195 Computer software implementation in process N/A 9,705 6,514 Construction in process N/A 4,108 6,986 Total 282,658 293,078 Less accumulated depreciation and amortization (173,725) (179,111) Property and equipment, net $ 108,933 $ 113,967

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Tables)	Jun. 30, 2024
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 2023 and 2024 are as follows (in thousands): Optoelectronics and Security Manufacturing Healthcare Division Division Division Consolidated Balance as of June 30, 2022 $ 225,555 $ 67,615 $ 43,187 $ 336,357 Goodwill acquired or adjusted during the period 5,021 2,574 5,161 12,756 Foreign currency translation adjustment 86 199 107 392 Balance as of June 30, 2023 $ 230,662 $ 70,388 $ 48,455 $ 349,505 Goodwill acquired or adjusted during the period 1,628 827 — 2,455 Foreign currency translation adjustment (75) (408) 3 (480) Balance as of June 30, 2024 $ 232,215 $ 70,807 $ 48,458 $ 351,480
Schedule of intangible assets	Intangible assets consisted of the following (dollar amounts in thousands): June 30, 2023 June 30, 2024 Weighted Gross Gross Average Carrying Accumulated Intangibles Carrying Accumulated Intangibles Lives Value Amortization Net Value Amortization Net Amortizable assets: Software development costs 7 years $ 77,844 $ (20,285) $ 57,559 $ 79,228 $ (10,646) $ 68,582 Patents 19 years 8,636 (3,404) 5,232 9,116 (3,861) 5,255 Developed technology 10 years 68,274 (38,353) 29,921 70,186 (45,740) 24,446 Customer relationships 7 - 8 years 55,780 (39,101) 16,679 51,113 (41,421) 9,692 Total amortizable assets 210,534 (101,143) 109,391 209,643 (101,668) 107,975 Non-amortizable assets: In-process R&D 533 — 533 — — — Trademarks 30,933 — 30,933 31,554 — 31,554 Total intangible assets $ 242,000 $ (101,143) $ 140,857 $ 241,197 $ (101,668) $ 139,529
Schedule of estimated future amortization expense for intangible assets	At June 30, 2024, the estimated future amortization expense was as follows (in thousands): 2025 $ 15,531 2026 12,144 2027 8,544 2028 5,602 2029 3,686 Thereafter 62,468 Total $ 107,975

CONTRACT ASSETS AND LIABILITI_2

CONTRACT ASSETS AND LIABILITIES (Tables)	12 Months Ended
CONTRACT ASSETS AND LIABILITIES (Tables)	Jun. 30, 2024
CONTRACT ASSETS AND LIABILITIES
Schedule of contract assets and contract liabilities	Contract Assets (dollar amounts in thousands) June 30, June 30, 2023 2024 Change % Change Unbilled revenue (included in accounts receivable, net) $ 86,818 $ 338,944 $ 252,126 290 % Contract Liabilities (dollar amounts in thousands) June 30, June 30, 2023 2024 Change % Change Advances from customers $ 21,250 $ 53,431 $ 32,181 151 % Deferred revenue—current 43,861 46,855 2,994 7 % Deferred revenue—long-term 22,200 22,809 609 3 %

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Jun. 30, 2024
LEASES
Schedule of components of operating lease expense	The components of operating lease expense for the fiscal years ended June 30, 2023 and 2024 were as follows (in thousands): Fiscal Year Ended June 30, 2023 2024 Operating lease cost $ 11,364 $ 11,227 Variable lease cost 1,323 1,127 Short-term lease cost 923 1,441 $ 13,610 $ 13,795
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, 2023 June 30, 2024 Operating lease ROU assets, net Other assets $ 32,618 $ 30,040 Operating lease liabilities, current portion Other accrued expenses and current liabilities $ 9,787 $ 9,706 Operating lease liabilities, long-term Other long-term liabilities 23,733 21,127 Total operating lease liabilities $ 33,520 $ 30,833 Weighted average remaining lease term 3.8 years Weighted average discount rate 4.4 %
Schedule of supplemental cash flow information related to operating leases	Supplemental cash flow information related to operating leases for the year ended June 30, 2024 was as follows (in thousands): Fiscal Year Ended June 30, 2023 2024 Cash paid for operating lease liabilities $ 11,418 $ 11,914 ROU assets obtained in exchange for new lease obligations 14,574 7,197
Schedule of maturities of operating lease liabilities	Maturities of operating lease liabilities at June 30, 2024 were as follows (in thousands): June 30, 2024 Less than one year $ 10,823 1 – 2 years 9,313 2 – 3 years 7,619 3 – 4 years 2,976 4 – 5 years 1,191 Thereafter 1,544 33,466 Less: Imputed interest (2,633) Total lease liabilities $ 30,833

IMPAIRMENT, RESTRUCTURING AND_2

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Tables)	12 Months Ended
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Tables)	Jun. 30, 2024
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Schedule of impairment, restructuring and other charges	The following tables summarize impairment, restructuring and other charges for the periods set forth below (in thousands): Fiscal 2024 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Total Acquisition-related costs $ 247 $ 201 $ — $ 514 $ 962 Employee termination costs 285 199 810 122 1,416 Facility closures/consolidation 90 3,148 — — 3,238 Legal costs, net 53 — — 722 775 Total expensed $ 675 $ 3,548 $ 810 $ 1,358 $ 6,391 Fiscal 2023 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Total Acquisition-related costs $ 23 $ 7 $ 225 $ 127 $ 382 Employee termination costs 849 532 355 — 1,736 Facility closures/consolidation 35 1,504 — — 1,539 Legal costs, net 808 464 2,497 140 3,909 Total expensed $ 1,715 $ 2,507 $ 3,077 $ 267 $ 7,566 Fiscal 2022 Optoelectronics and Security Manufacturing Healthcare 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
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 2023 and 2024 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, 2022 $ — $ 181 $ 23 $ 1,780 $ 1,984 Restructuring and other charges (benefit), net 382 1,736 1,539 3,909 7,566 Payments, adjustments and reimbursements, net (375) (1,810) 47 (5,033) (7,171) Balance as of June 30, 2023 $ 7 $ 107 $ 1,609 $ 656 $ 2,379 Restructuring and other charges (benefit), net 962 1,416 3,238 775 6,391 Payments, adjustments and reimbursements, net (473) (1,229) (4,620) (623) (6,945) Balance as of June 30, 2024 $ 496 $ 294 $ 227 $ 808 $ 1,825

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
BORROWINGS (Tables)	Jun. 30, 2024
BORROWINGS.
Schedule of long-term debt	Long-term debt consisted of the following (in thousands): June 30, 2023 2024 Term loan $ 143,125 $ 135,625 Other long-term debt 1,442 1,925 144,567 137,550 Less current portion of long-term debt (8,076) (8,167) Long-term portion of debt $ 136,491 $ 129,383
Schedule of fiscal year principal payments of long-term debt	Fiscal year principal payments of long-term debt as of June 30, 2024 are as follows (in thousands): 2025 $ 8,167 2026 8,119 2027 121,115 2028 145 2029 and thereafter 4 Total $ 137,550

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Jun. 30, 2024
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): 2022 2023 2024 Cost of goods sold $ 812 $ 911 $ 930 Selling, general and administrative 26,749 27,716 27,155 Research and development 511 497 621 Stock-based compensation expense $ 28,072 $ 29,124 $ 28,706
Schedule of weighted average assumptions used to determine the fair value calculations for stock options issued	2022 2023 2024 Expected dividend — — — Risk-free interest rate 1.2 % 3.9 % 4.5 % Expected volatility 31.0 % 31.0 % 29.0 % 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 2022, 2023 and 2024: Weighted- Average Weighted-Average Aggregate Number of Exercise Remaining Contractual Intrinsic Value Options Price Term (in thousands) 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 Granted 22,438 119.45 Exercised (22,698) 81.67 Expired or forfeited (4,459) 86.72 Outstanding at June 30, 2024 78,958 $ 97.87 7.6 years $ 3.131 Exercisable at June 30, 2024 34,647 $ 88.53 6.1 years $ 1.698
Summary of RSU award activity	Weighted- Average Shares Fair Value 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 Granted 333,114 95.42 Vested (390,375) 79.75 Forfeited (6,663) 88.76 Nonvested at June 30, 2024 391,591 $ 99.21

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Jun. 30, 2024
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): 2022 2023 2024 Pre-tax income: United States $ 51,295 $ 7,114 $ 41,330 Foreign 88,865 108,124 119,884 Total pre-tax income $ 140,160 $ 115,238 $ 161,214
Schedule of provision (benefit) for income taxes	Our provision (benefit) for income taxes consists of the following (in thousands): 2022 2023 2024 Current: Federal $ 6,216 $ 6,860 $ 22,229 State 1,964 861 2,122 Foreign 13,113 19,717 22,842 Total current provision 21,293 27,438 47,193 Deferred: Federal $ 3,915 $ (2,547) $ (13,375) State 133 (678) (594) Foreign (528) (753) (164) Total deferred provision (benefit) 3,520 (3,978) (14,133) Total provision $ 24,813 $ 23,460 $ 33,060
Summary of activity of unrecognized tax benefits	A summary of activity of unrecognized tax benefits for fiscal 2023 and 2024 is as follows (in thousands). 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 Additions on tax positions for the current year 2,800 Additions on tax positions from prior years 1,002 Reduction in tax positions from prior year (866) Balance at June 30, 2024 $ 17,914
Schedule of deferred income tax assets (liabilities)	Deferred income tax assets (liabilities) consisted of the following (in thousands): June 30, 2023 2024 Deferred income tax assets: Tax credit carryforwards $ 5,934 $ 5,960 Net operating loss carryforwards 3,678 3,311 Customer advances 3,443 10,008 Allowance for doubtful accounts 2,994 3,615 Inventory reserve 11,026 11,754 Inventory capitalization 481 424 Accrued liabilities 2,956 2,877 Operating lease liabilities 8,043 7,732 Stock and deferred compensation 12,224 12,624 Other assets 1,164 721 Total deferred income tax assets 51,943 59,026 Valuation allowance (8,433) (9,365) Net deferred income tax assets 43,510 49,661 Deferred income tax liabilities: Depreciation (5,860) (5,543) Amortization of intangible assets (21,617) (12,096) Withholding tax on unrepatriated foreign earnings (6,851) (7,834) Operating lease ROU assets (7,931) (7,223) State transition tax (1,754) (1,754) Other liabilities (1,824) (4,814) Total deferred income tax liabilities (45,837) (39,264) Net deferred income tax liability $ (2,327) $ 10,397
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, 2023 2024 Long term deferred income tax asset, included in other assets $ 4,244 $ 13,684 Long term deferred income tax liability (6,571) (3,287) Net deferred income tax liability $ (2,327) $ 10,397
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, 2023 2024 Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets $ 7,216 $ 13,347 Current taxes payable, included in other accrued expenses and current liabilities (13,692) (17,320) Net tax receivable (payable) $ (6,476) $ (3,973)
Schedule of consolidated effective income tax rate differs from the federal statutory income tax rate	June 30, 2022 2023 2024 Provision for income taxes at federal statutory rate 21.0 % 21.0 % 21 % Research and development tax credits (1.3) (1.5) (1.6) Foreign income subject to tax at other than federal statutory rate 0.2 0.2 1.7 Stock compensation (1.2) (0.4) (0.5) Officers’ compensation 4.3 5.5 4.1 Change in valuation allowance (4.0) (0.5) 1.0 Unrecognized tax expense (benefit) (1.4) 0.3 3.7 Tax on foreign currency gains and losses — (0.6) 0.1 State tax expense 1.0 0.3 0.6 U.S. tax on foreign earnings 0.9 1.4 (0.8) Changes in prior year estimates (0.6) (1.1) (2.4) Global intangible low-taxed income, net of foreign tax credits 0.3 0.8 0.8 Foreign Derived Intangible Income Benefit (1.3) (1.8) (4.3) Non-taxable earnings from acquisitions (0.6) (2.1) (0.8) Patent box benefit (0.3) (1.9) (3.2) Withholding tax on foreign earnings — — 0.6 Other 0.7 0.8 0.5 Effective income tax rate 17.7 % 20.4 % 20.5 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Jun. 30, 2024
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, 2023 $ 21,181 Addition of contingent earnout obligations 1,766 Foreign currency translation adjustment (25) Changes in fair value for contingent earnout obligations (6,945) Payments on contingent earnout obligations (602) Ending fair value, June 30, 2024 $ 15,375

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Tables)	Jun. 30, 2024
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 2023 and 2024, and a statement of the funded status as of June 30, 2023 and 2024 (in thousands): 2023 2024 Change in Benefit Obligation Benefit obligation at beginning of year $ 18,464 $ 18,228 Translation adjustment 149 (11) Interest costs 624 795 Actuarial (gain) loss (847) 71 Benefits paid (162) (6,216) Benefit obligation at end of year 18,228 12,867 Change in Plan Assets Fair value of plan assets at beginning of year 5,977 6,513 Translation adjustment 243 11 Actual return on plan assets 413 1,159 Company contributions — 6,009 Benefits paid (120) (6,175) Fair value of plan assets at end of year 6,513 7,517 Funded status and net benefit obligation amount recognized $ (11,715) $ (5,350) Amount recognized in consolidated balance sheets consists of: Net benefit asset (included in other current assets) $ 3,264 $ 4,203 Current portion of net pension liability (included in other current liabilities) (6,189) (1,412) Net long term pension liability (included in other long-term liabilities) (8,790) (8,201) Accumulated other comprehensive income (loss) 2,365 (349)
Schedule of net periodic pension costs	The following table provides the net periodic benefit costs for the fiscal years ended June 30, (in thousands): 2022 2023 2024 Net Periodic Benefit Costs Interest costs $ 464 $ 624 $ 795 Service costs — — — Expected return on plan assets (279) (340) (487) Amortization of prior service costs 1,115 1,330 548 Recognized actuarial loss (gain) 41 83 (119) Net periodic benefit cost $ 1,341 $ 1,697 $ 737
Schedule of plan assumptions	2023 2024 Weighted average assumptions at year-end: Discount rate 5.3 % 5.0 % Expected return on plan assets 5.8 % 7.6 % Rate of compensation increase — % — %
Schedule of plan assets and investment policy	Fiscal year ended Fiscal year ended June 30, 2023 June 30, 2024 Proportion of Expected Rate Proportion of Expected Rate Fair Value of Return Fair Value of Return Equity securities 86 % 6.6 % 87 % 8.4 % Debt securities 13 % 0.8 % 12 % 1.9 % Cash 1 % 0.4 % 1 % 1.9 % Combined 100 % 5.8 % 100 % 7.6 %
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, 2024 (in thousands): Pension Benefits July 1, 2024 to June 30, 2025 $ 1,545 July 1, 2025 to June 30, 2026 2,304 July 1, 2026 to June 30, 2027 2,323 July 1, 2027 to June 30, 2028 2,338 July 1, 2028 to June 30, 2029 1,790 July 1, 2029 to June 30, 2034 2,056

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Jun. 30, 2024
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 2022 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 663,159 $ 314,419 $ 205,658 $ — $ — $ 1,183,236 Revenue between product segments — 52,242 — — (52,242) — Total revenues $ 663,159 $ 366,661 $ 205,658 $ — $ (52,242) $ 1,183,236 Income (loss) from operations $ 98,784 $ 45,030 $ 24,696 $ (46,950) $ 189 $ 121,749 Segments assets $ 839,769 $ 301,483 $ 231,423 $ 104,834 $ (34,359) $ 1,443,150 Capital expenditures $ 5,513 $ 4,533 $ 2,295 $ 2,580 $ — $ 14,921 Depreciation and amortization $ 22,970 $ 8,098 $ 5,915 $ 1,696 $ — $ 38,679 Fiscal 2023 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 760,291 $ 327,648 $ 190,488 $ — $ — $ 1,278,427 Revenue between product segments — 59,783 — — (59,783) — Total revenues $ 760,291 $ 387,431 $ 190,488 $ — $ (59,783) $ 1,278,427 Income (loss) from operations $ 115,023 $ 46,680 $ 11,365 $ (39,075) $ 1,286 $ 135,279 Segments assets $ 948,126 $ 310,930 $ 245,856 $ 94,678 $ (43,904) $ 1,555,686 Capital expenditures $ 3,689 $ 7,390 $ 2,726 $ 1,968 $ 38 $ 15,811 Depreciation and amortization $ 23,504 $ 7,582 $ 5,757 $ 1,670 $ — $ 38,513 Fiscal 2024 Optoelectronics and Security Manufacturing Healthcare Division Division Division Corporate Eliminations Consolidated Revenues: External customer revenue $ 1,043,073 $ 324,250 $ 171,435 $ — $ — $ 1,538,758 Revenue between product segments — 60,018 — — (60,018) — Total revenues $ 1,043,073 $ 384,268 $ 171,435 $ — $ (60,018) $ 1,538,758 Income (loss) from operations $ 183,270 $ 42,814 $ 6,013 $ (40,913) $ (2,123) $ 189,061 Segments assets $ 1,333,259 $ 288,629 $ 255,093 $ 106,078 $ (47,051) $ 1,936,008 Capital expenditures $ 11,997 $ 4,007 $ 3,219 $ 2,879 $ — $ 22,102 Depreciation and amortization $ 25,831 $ 9,040 $ 5,794 $ 1,544 $ — $ 42,209
Schedule of revenues and identifiable assets by geographical area	The following tables present the revenues and identifiable assets by geographical area (in thousands): 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 Fiscal 2024 External Intersegment Total Long-lived Long-lived revenues revenues Consolidated tangible assets Assets Geographic region: United States $ 527,120 $ 23,316 $ 550,436 $ 127,682 $ 535,225 Mexico 423,185 — 423,185 3,312 4,407 Other Americas 61,583 — 61,583 6,600 22,465 Total Americas 1,011,888 23,316 1,035,204 137,594 562,097 United Kingdom 234,858 11,083 245,941 26,506 82,690 Other Europe, Middle East and Africa 49,972 — 49,972 4,256 11,381 Total EMEA 284,830 11,083 295,913 30,762 94,071 Asia-Pacific 242,040 25,619 267,659 17,524 20,721 Eliminations — (60,018) (60,018) — — Total $ 1,538,758 $ — $ 1,538,758 $ 185,880 $ 676,889

SUPPLEMENTARY DATA UNAUDITED _2

SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS (Tables)	12 Months Ended
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS (Tables)	Jun. 30, 2024
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, 2023 and 2024 (in thousands, except per share data): 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 Quarter Ended September 30, December 31, March 31, June 30, 2023 2023 2024 2024 (Unaudited) Net revenues $ 279,210 $ 373,235 $ 405,406 $ 480,907 Costs of goods sold 180,465 231,934 269,311 326,590 Gross profit 98,745 141,301 136,095 154,317 Operating expenses: Selling, general and administrative 59,798 71,604 66,584 71,745 Research and development 15,922 16,350 17,144 15,859 Impairment, restructuring and other charges, net 466 1,026 1,004 3,895 Total operating expenses 76,186 88,980 84,732 91,499 Income from operations 22,559 52,321 51,363 62,818 Interest and other expense, net (5,748) (6,534) (7,407) (8,158) Income before income taxes 16,811 45,787 43,956 54,660 Provision for income taxes (3,932) (9,234) (9,913) (9,981) Net income $ 12,879 $ 36,553 $ 34,043 $ 44,679 Basic earnings per common share $ 0.77 $ 2.15 $ 2.00 $ 2.62 Diluted earnings per common share $ 0.75 $ 2.11 $ 1.95 $ 2.55

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Description of Business (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)
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	$ 95,353	$ 76,750
Cash, cash equivalents, and investments held by our foreign subsidiaries and subject to repatriation tax considerations(as a percentage)	81%
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, 2024	Jun. 30, 2023
Fair Value of Financial Instruments
Liabilities-Contingent consideration	$ 15,375	$ 21,181
Fair value recurring
Fair Value of Financial Instruments
Assets-Insurance company contracts	49,679	47,181
Liabilities-Convertible debt	4,735	5,369
Liabilities-Contingent consideration	15,375	21,181
Fair value recurring \| Level 2
Fair Value of Financial Instruments
Assets-Insurance company contracts	49,679	47,181
Liabilities-Convertible debt	4,735	5,369
Fair value recurring \| Level 3
Fair Value of Financial Instruments
Liabilities-Contingent consideration	$ 15,375	$ 21,181

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Credit Risk and Concentration (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($) customer	Jun. 30, 2023 USD ($) customer
Credit Risk and Concentration
Financing component	true
Number of major customers		0
Cash and cash equivalents \| $	$ 95,353	$ 76,750
Accounts receivable,net
Credit Risk and Concentration
Number of major customers	2
Revenues
Credit Risk and Concentration
Number of major customers	2
Foreign subsidiaries \| Cash and cash equivalents \| Cash and cash equivalents concentration risk
Credit Risk and Concentration
Concentration (as a percent)	81%	97%
Customer one \| Accounts receivable,net \| Customer
Credit Risk and Concentration
Concentration (as a percent)	39%
Customer one \| Revenues \| Customer
Credit Risk and Concentration
Concentration (as a percent)	16%
Customer Two \| Accounts receivable,net \| Customer
Credit Risk and Concentration
Concentration (as a percent)	10%
Customer Two \| Revenues \| Customer
Credit Risk and Concentration
Concentration (as a percent)	11%
One customer. \| Revenues \| Customer
Credit Risk and Concentration
Concentration (as a percent)		10%

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
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)									$ (5,100)	$ 2,000	$ 600
Per Share Computations
Net income	$ 44,679	$ 34,043	$ 36,553	$ 12,879	$ 42,381	$ 21,808	$ 16,354	$ 11,235	$ 128,154	$ 91,778	$ 115,347
Weighted average shares outstanding-basic									16,978,000	16,828,000	17,551,000
Dilutive effect of equity awards									376,000	362,000	319,000
Weighted average shares outstanding-diluted									17,354,000	17,190,000	17,870,000
Basic earnings per share	$ 2.62	$ 2	$ 2.15	$ 0.77	$ 2.53	$ 1.30	$ 0.97	$ 0.66	$ 7.55	$ 5.45	$ 6.57
Diluted earnings per share	$ 2.55	$ 1.95	$ 2.11	$ 0.75	$ 2.46	$ 1.27	$ 0.96	$ 0.65	$ 7.38	$ 5.34	$ 6.45
Weighted average shares excluded from diluted earnings per share due to their anti-dilutive effect									14,000	49,000	47,000
Warranty Provision
Balance at beginning of period				$ 11,149				$ 13,347	$ 11,149	$ 13,347	$ 19,736
Warranty claims provided for/assumed in acquisition									5,878	4,193	3,474
Settlements made									(5,938)	(6,391)	(9,863)
Balance at end of period	$ 11,089				$ 11,149				$ 11,089	$ 11,149	$ 13,347

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Revenue Recognition
Total revenues	$ 480,907	$ 405,406	$ 373,235	$ 279,210	$ 411,870	$ 302,889	$ 295,597	$ 268,071	$ 1,538,758	$ 1,278,427	$ 1,183,236
Costs of goods sold	326,590	269,311	231,934	180,465	268,850	199,103	199,390	180,574	1,008,300	847,917	758,809
Operating expenses	91,499	84,732	88,980	76,186	85,869	69,449	70,716	69,197	341,397	295,231	302,678
Income from operation	62,818	51,363	52,321	22,559	57,151	34,337	25,491	18,300	189,061	135,279	121,749
Interest and other expense, net									(27,847)	(20,041)	(8,962)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax									(400)	3,892
Reclassification of accumulated other comprehensive loss to interest expenses									3,582	1,343
Income tax provision	(9,981)	(9,913)	(9,234)	(3,932)	(9,068)	(6,802)	(3,957)	(3,633)	(33,060)	(23,460)	(24,813)
Net income	44,679	$ 34,043	$ 36,553	$ 12,879	42,381	$ 21,808	$ 16,354	$ 11,235	128,154	91,778	$ 115,347
Assets
Accounts receivable, net	648,155				380,845				648,155	380,845
Inventories	397,939				338,008				397,939	338,008
Liabilities
Current liabilities	814,637				571,694				814,637	571,694
Stockholders' Equity
Retained earnings	861,230				735,957				861,230	735,957
Contract Assets
Unbilled revenue (included in accounts receivable, net)	338,944				86,818				338,944	86,818
Change in unbilled revenue									$ 252,126
Percentage of change in unbilled revenue									290%
Contract Liabilities
Advances from customers	53,431				21,250				$ 53,431	21,250
Deferred revenue-current	46,855				43,861				46,855	43,861
Deferred revenue-long-term	22,809				$ 22,200				$ 22,809	$ 22,200
Percentage of change in advances from customers									151%
Percentage of change in deferred revenue - current									7%
Percentage of change in deferred revenue - long-term.									3%
Remaining Performance Obligations
Revenue remaining performance obligation	$ 836,400								$ 836,400
Remaining performance obligation expected percentage recognized	53%								53%
Revenue, Practical Expedient, Financing Component [true false]									true

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Subsequent Events (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Subsequent Events
Number of shares repurchased		0	400,230	1,294,594
Repurchase of common stock			$ 34,749	$ 111,627
Subsequent event
Subsequent Events
Number of shares repurchased	531,314
Repurchase of common stock	$ 80,000
Convertible senior notes due july 2024. \| Subsequent event
Subsequent Events
Principal amount	$ 350,000

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Derivative Instruments and Hedging Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activity
Total interest and other expense, net presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$ (27,847)	$ (20,041)	$ (8,962)
Gain (loss) recognized in other comprehensive income (loss), net of tax	(400)	3,892
Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net	3,582	1,343
Payment for Contingent Consideration Liability, Investing Activities	600	3,400	$ 1,900
Foreign currency forward contracts
Derivative Instruments and Hedging Activity
Notional amounts	96,400	21,600
Interest rate swap
Derivative Instruments and Hedging Activity
Notional amount	$ 175,000	$ 175,000

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition (Details) - USD ($)	3 Months Ended								12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activity
Total revenues	$ 480,907,000	$ 405,406,000	$ 373,235,000	$ 279,210,000	$ 411,870,000	$ 302,889,000	$ 295,597,000	$ 268,071,000	$ 1,538,758,000	$ 1,278,427,000	$ 1,183,236,000
Bill and hold service
Derivative Instruments and Hedging Activity
Total revenues									$ 5,500,000	$ 38,500,000

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Millions	1 Months Ended
BUSINESS COMBINATIONS (Details) - USD ($) $ in Millions	Dec. 31, 2023	Oct. 31, 2023	Apr. 30, 2023	Feb. 28, 2023	Dec. 31, 2022	Aug. 31, 2022	Feb. 28, 2022
Privately held contract manufacturer
Business Combinations
Consideration paid	$ 6.3
Privately held provider of radiation technology
Business Combinations
Consideration paid		$ 2.8
Maximum contingent consideration		$ 3.6
A privately held provider of engineering and contract manufacturing solutions
Business Combinations
Consideration paid			$ 2.5
Maximum contingent consideration			$ 2.5
Privately held provider of training software and solutions
Business Combinations
Consideration paid				$ 2.1		$ 1.9
Maximum contingent consideration				$ 5
Provider of baggage and parcel inspection systems
Business Combinations
Consideration paid					$ 1.6
Privately held sales and services company
Business Combinations
Consideration paid							$ 1.1
Privately held provider of intelligent inspection, sensory, and recognition solutions
Business Combinations
Consideration paid							14
Maximum contingent consideration							$ 25

BALANCE SHEET DETAILS (Details)

BALANCE SHEET DETAILS (Details) - USD ($) $ in Thousands	12 Months Ended
BALANCE SHEET DETAILS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Accounts receivable, net
Accounts receivable	$ 667,227	$ 395,218
Less allowance for doubtful accounts	(19,072)	(14,373)
Total	648,155	380,845
Inventories
Raw materials	238,086	233,217
Work-in-process	66,910	56,329
Finished goods	92,943	48,462
Total	397,939	338,008
Property and equipment, net
Property and equipment, gross	293,078	282,658
Less accumulated depreciation and amortization	(179,111)	(173,725)
Property and equipment, net	113,967	108,933
Depreciation and amortization expense	19,400	19,500	$ 21,000
Land
Property and equipment, net
Property and equipment, gross	15,494	15,691
Buildings, civil works and improvements
Property and equipment, net
Property and equipment, gross	$ 48,552	49,166
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	$ 13,573	13,553
Leasehold improvements \| Maximum
Property and equipment, net
Estimated Useful Lives	20 years
Leasehold improvements \| Minimum
Property and equipment, net
Estimated Useful Lives	1 year
Equipment and tooling
Property and equipment, net
Property and equipment, gross	$ 146,819	135,703
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	$ 3,348	3,632
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	$ 22,597	24,119
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	$ 29,195	26,981
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	$ 6,514	9,705
Construction in process
Property and equipment, net
Property and equipment, gross	$ 6,986	$ 4,108

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Changes in the carrying value of goodwill
Balance at the beginning of the period	$ 349,505	$ 336,357
Goodwill acquired	2,455	12,756
Foreign currency translation adjustment	(480)	392
Balance at the end of the period	351,480	349,505
Security Division
Changes in the carrying value of goodwill
Balance at the beginning of the period	230,662	225,555
Goodwill acquired	1,628	5,021
Foreign currency translation adjustment	(75)	86
Balance at the end of the period	232,215	230,662
Optoelectronics And Manufacturing Division
Changes in the carrying value of goodwill
Balance at the beginning of the period	48,455	43,187
Goodwill acquired		5,161
Foreign currency translation adjustment	3	107
Balance at the end of the period	48,458	48,455
Healthcare Division
Changes in the carrying value of goodwill
Balance at the beginning of the period	70,388	67,615
Goodwill acquired	827	2,574
Foreign currency translation adjustment	(408)	199
Balance at the end of the period	$ 70,807	$ 70,388

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Intangible assets subject to amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Amortizable assets:
Gross Carrying Value	$ 209,643	$ 210,534
Accumulated Amortization	(101,668)	(101,143)
Intangibles Net	107,975	109,391
Total intangible assets
Gross Carrying Value	241,197	242,000
Intangibles Net	139,529	140,857
Amortization expense	22,800	19,000	$ 17,700
In-process R&D
Non-amortizable assets:
Gross Carrying Value		533
Trademarks
Non-amortizable assets:
Gross Carrying Value	31,554	$ 30,933
Software development costs
Goodwill and Intangible Assets
Weighted Average Lives (in Years)		7 years
Amortizable assets:
Gross Carrying Value	79,228	$ 77,844
Accumulated Amortization	(10,646)	(20,285)
Intangibles Net	68,582	$ 57,559
Patents
Goodwill and Intangible Assets
Weighted Average Lives (in Years)		19 years
Amortizable assets:
Gross Carrying Value	9,116	$ 8,636
Accumulated Amortization	(3,861)	(3,404)
Intangibles Net	5,255	$ 5,232
Developed technology
Goodwill and Intangible Assets
Weighted Average Lives (in Years)		10 years
Amortizable assets:
Gross Carrying Value	70,186	$ 68,274
Accumulated Amortization	(45,740)	(38,353)
Intangibles Net	24,446	29,921
Customer relationships
Amortizable assets:
Gross Carrying Value	51,113	55,780
Accumulated Amortization	(41,421)	(39,101)
Intangibles Net	$ 9,692	$ 16,679
Customer relationships \| Minimum [Member]
Goodwill and Intangible Assets
Weighted Average Lives (in Years)	7 years
Customer relationships \| Maximum [Member]
Goodwill and 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, 2024	Jun. 30, 2023	Jun. 30, 2022
Estimated future amortization expense
2025	$ 15,531
2026	12,144
2027	8,544
2028	5,602
2029	3,686
Thereafter	62,468
Intangibles Net	107,975	$ 109,391
Software development costs
Estimated future amortization expense
Intangibles Net	68,582	57,559
Capitalized software development costs	$ 16,600	$ 16,200	$ 15,200

CONTRACT ASSETS AND LIABILITI_3

CONTRACT ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Contract Assets
Unbilled revenue (included in accounts receivable, net)	$ 338,944	$ 86,818
Change in unbilled revenue	$ 252,126
Percentage of change in unbilled revenue	290%
Contract Liabilities
Advances from customers	$ 53,431	21,250
Deferred revenue-current	46,855	43,861
Deferred revenue-long-term	22,809	$ 22,200
Change in advances from customers	$ 32,181
Percentage of change in advances from customers	151%
Change in deferred revenue - current	$ 2,994
Percentage of change in deferred revenue - current	7%
Change in deferred revenue - long-term	$ 609
Remaining Performance Obligations
Revenue remaining performance obligation	$ 836,400
Remaining performance obligation expected percentage recognized	53%
Recognized revenue from contract liabilities	$ 59,100
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, 2024	Jun. 30, 2023
Operating lease expense
Operating lease cost	$ 11,227	$ 11,364
Variable lease cost	1,127	1,323
Short-term lease cost	1,441	923
Operating lease expense	13,795	13,610
Balance sheet assets and liabilities related to operating leases
Operating lease ROU assets, net	$ 30,040	$ 32,618
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent.	Other Assets, Noncurrent.
Operating lease liabilities, current portion	$ 9,706	$ 9,787
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Operating lease liabilities, long-term	$ 21,127	$ 23,733
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total lease liabilities	$ 30,833	$ 33,520
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Total lease liabilities	Total lease liabilities
Weighted average remaining lease term	3 years 9 months 18 days
Weighted average discount rate	4.40%
Cash flow information related to operating leases
Cash paid for operating lease liabilities	$ 11,914	$ 11,418
ROU assets obtained in exchange for new lease obligations	$ 7,197	$ 14,574

LEASES - Maturities of operatin

LEASES - Maturities of operating lease liabilities under ASC 842 (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Maturities of operating lease liabilities
Less than one year	$ 10,823
1 - 2 years	9,313
2 - 3 years	7,619
3 - 4 years	2,976
4 - 5 years	1,191
Thereafter	1,544
Total	33,466
Less: Imputed interest	(2,633)
Total lease liabilities	$ 30,833	$ 33,520

LEASES - Sale-leaseback Transac

LEASES - Sale-leaseback Transaction (Details) - Hawthorne Property $ in Millions	1 Months Ended
	Mar. 31, 2022 USD ($)	Jun. 30, 2024
LEASES
Transaction price of sale leaseback	$ 32
Gain of sale leaseback transaction	$ 27.4
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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Impairment, Restructuring and Other Charges
Impairment charges									$ 0		$ 1,006
Acquisition-related costs									962	$ 382	288
Employee termination costs									1,416	1,736	1,177
Facility closures/consolidation									3,238	1,539	(33)
Legal costs, net									775	3,909	5,104
Total expensed									6,391	7,566	7,542
Net benefit recognized related to reimbursement from insurance	$ 3,895	$ 1,004	$ 1,026	$ 466	$ 3,200	$ 890	$ 2,257	$ 1,219
Other operational efficiency activities
Impairment, Restructuring and Other Charges
Acquisition-related costs									1,000	400	300
Employee termination costs									1,400	1,700	1,100
Facility closures/consolidation									3,200	1,500
Legal costs, net									800	(3,900)	5,100
Impairment on software assets											1,000
Net benefit recognized related to reimbursement from insurance									6,400	7,600	7,500
Security Division
Impairment, Restructuring and Other Charges
Acquisition-related costs									247	23	232
Employee termination costs									285	849	1,077
Facility closures/consolidation									90	35	(33)
Legal costs, net									53	808
Total expensed									675	1,715	1,276
Healthcare Division
Impairment, Restructuring and Other Charges
Acquisition-related costs										225
Employee termination costs									810	355
Legal costs, net										2,497
Total expensed									810	3,077
Optoelectronics And Manufacturing Division
Impairment, Restructuring and Other Charges
Acquisition-related costs									201	7
Employee termination costs									199	532	100
Facility closures/consolidation									3,148	1,504
Legal costs, net										464
Total expensed									3,548	2,507	100
Corporate
Impairment, Restructuring and Other Charges
Impairment charges											1,006
Acquisition-related costs									514	127	56
Employee termination costs									122
Legal costs, net									722	140	5,104
Total expensed									$ 1,358	$ 267	$ 6,166

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, 2024	Jun. 30, 2023
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Balance at the beginning	$ 2,379	$ 1,984
Restructuring and other charges (benefit), net	6,391	7,566
Payments, adjustments and reimbursements, net	(6,945)	(7,171)
Balance, at the end	1,825	2,379
Acquisition-Related Costs
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Balance at the beginning	7
Restructuring and other charges (benefit), net	962	382
Payments, adjustments and reimbursements, net	(473)	(375)
Balance, at the end	496	7
Employee Termination Costs
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Balance at the beginning	107	181
Restructuring and other charges (benefit), net	1,416	1,736
Payments, adjustments and reimbursements, net	(1,229)	(1,810)
Balance, at the end	294	107
Facility Closure/ Consolidations Costs
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Balance at the beginning	1,609	23
Restructuring and other charges (benefit), net	3,238	1,539
Payments, adjustments and reimbursements, net	(4,620)	47
Balance, at the end	227	1,609
Legal Costs and Settlements
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Balance at the beginning	656	1,780
Restructuring and other charges (benefit), net	775	3,909
Payments, adjustments and reimbursements, net	(623)	(5,033)
Balance, at the end	$ 808	$ 656

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
BORROWINGS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
BORROWINGS
Borrowings outstanding	$ 384,000	$ 215,000
Increase to retained earnings	861,230	735,957
Reduction in common stock	$ 24,289	$ 9,835
Revolving credit facility
BORROWINGS
Interest rate margin (as a percent)	1%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember
Unused commitment fee (as a percent)	0.10%
Borrowings outstanding	$ 384,000
Available credit facility	141,500
Revolving credit facility \| Minimum
BORROWINGS
Maximum borrowing capacity	$ 600,000
Interest rate margin (as a percent)	1%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember
Unused commitment fee (as a percent)	0.10%
Revolving credit facility \| Maximum
BORROWINGS
Maximum borrowing capacity	$ 300,000
Increase in the credit agreement's borrowing capacity available under certain circumstances	$ 250,000
Interest rate margin (as a percent)	1.75%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember
Unused commitment fee (as a percent)	0.25%
Letters of credit sub facility
BORROWINGS
Amount outstanding under lines of credit facilities	$ 74,500
Lines-of-credit
BORROWINGS
Amount outstanding under lines of credit facilities	54,400
Available credit facility	34,200
Term Loan
BORROWINGS
Borrowings outstanding	$ 135,600

Borrowings - Other borrowings (

Borrowings - Other borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Components of long-term debt
Term loan	$ 135,625	$ 143,125
Other long-term debt	1,925	1,442
Total	137,550	144,567
Less current portion of long-term debt	(8,167)	(8,076)
Long-term portion of debt	129,383	$ 136,491
Fiscal year principal payments of long-term debt
2024	8,167
2025	8,119
2026	121,115
2027	145
2028 and thereafter	4
Total	$ 137,550

BORROWINGS - Other Borrowings -

BORROWINGS - Other Borrowings - Additional Information (Details) - Convertible Senior Notes Due 2029 $ / shares in Units, $ in Millions	1 Months Ended
	Jul. 31, 2024 USD ($) $ / shares
BORROWINGS
Principal amount \| $	$ 350
Interest rate (as a percentage)	2.25%
Conversion rate	0.0052
Conversion price \| $ / shares	$ 191.98

STOCKHOLDERS' EQUITY - Stock-ba

STOCKHOLDERS' EQUITY - Stock-based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Stockholders' Equity
Stock-based compensation expense	$ 28,706	$ 29,124	$ 28,072
Stock Options
Stockholders' Equity
Unrecognized compensation cost	$ 900
Weighted-average period	2 years
RSU
Stockholders' Equity
Unrecognized compensation cost	$ 13,600
Weighted-average period	2 years 1 month 6 days
Cost of goods sold
Stockholders' Equity
Stock-based compensation expense	$ 930	911	812
Selling, general and administrative
Stockholders' Equity
Stock-based compensation expense	27,155	27,716	26,749
Research and development
Stockholders' Equity
Stock-based compensation expense	$ 621	$ 497	$ 511

STOCKHOLDERS' EQUITY - OSI Plan

STOCKHOLDERS' EQUITY - OSI Plans (Details) - USD ($)	1 Months Ended	12 Months Ended
STOCKHOLDERS' EQUITY - OSI Plans (Details) - USD ($)	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
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)		$ 95.42	$ 87.90	$ 90.31
Employee Stock Purchase Plan
Weighted-Average Fair Value
Shares available for grant		353,651
OSI Plans
Weighted-Average Fair Value
Additional maximum number of shares of common stock which may be issued	2,400,000
Increase in maximum number of shares authorized under share based compensation plan	9,500,000
Shares available for grant		2,500,000
OSI Plans \| 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 \| Employee Stock Option
Stockholders' Equity
Vesting period		3 years
Weighted average assumptions used to determine the fair value calculations for stock options issued
Risk-free interest rate (as percent)		4.50%	3.90%	1.20%
Expected volatility (as percent)		29%	31%	31%
Number of Options
Outstanding at the beginning of the period (in shares)		83,677	110,645	255,220
Granted (in shares)		22,438	23,351	22,954
Exercised (in shares)		(22,698)	(47,354)	(166,629)
Expired or forfeited (in shares)		(4,459)	(2,965)	(900)
Outstanding at the end of the period (in shares)		78,958	83,677	110,645
Exercisable at the end of the period (in shares)		34,647
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)		$ 87.09	$ 82.43	$ 50.24
Granted (in dollars per share)		119.45	87.90	96.38
Exercised (in dollars per share)		81.67	77.42	35.09
Expired or forfeited (in dollars per share)		86.72	74.06	73.99
Outstanding at the end of the period (in dollars per share)		97.87	87.09	82.43
Exercisable at the end of the period (in dollars per share)		$ 88.53
Weighted-Average Remaining Contractual Term
Outstanding at the end of the period		7 years 7 months 6 days
Exercisable at the end of the period		6 years 1 month 6 days
Aggregate Intrinsic Value
Outstanding at the end of the period		$ 3,131
Exercisable at the end of the period		$ 1,698
Stock-based compensation, other disclosures
Weighted-average grant-date fair value of stock options (in dollars per share)		$ 38.28	$ 28.46	$ 26.72
Total intrinsic value of options exercised		$ 1,100,000
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 \| Restricted stock and RSU
Shares
Nonvested at the beginning of the period (in shares)		455,515	427,447	435,925
Granted (in shares)		333,114	357,475	334,435
Vested (in shares)		(390,375)	(313,862)	(337,442)
Forfeited (in shares)		(6,663)	(15,545)	(5,471)
Nonvested at the end of the period (in shares)		391,591	455,515	427,447
Weighted-Average Fair Value
Nonvested at the beginning of the period (in dollars per share)		$ 85.15	$ 90.17	$ 84.16
Granted (in dollars per share)		95.42	87.90	90.31
Vested (in dollars per share)		79.75	96.36	82.66
Forfeited (in dollars per share)		88.76	88.42	83.66
Nonvested at the end of the period (in dollars per share)		$ 99.21	$ 85.15	$ 90.17
Total fair value of shares vested		$ 31,100,000	$ 30,200,000	$ 27,900,000
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
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 \| Performance-based restricted stock units
Shares
Granted (in shares)		75,988	110,811	96,620
OSI Plans \| Performance-based restricted stock units \| Minimum
Weighted-Average Fair Value
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
Weighted-Average Fair Value
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%

STOCKHOLDERS' EQUITY - Employee

STOCKHOLDERS' EQUITY - Employee Stock Purchase Plan (Details) - Employee Stock Purchase Plan - shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Stock based compensation expense
Number of shares issued under employee stock purchase program	63,111	60,465	60,708
Shares available for grant	353,651
Maximum
Stock based compensation expense
Discount rate for eligible employees to purchase common stock (as a percent)	15%

STOCKHOLDERS' EQUITY - Stock Re

STOCKHOLDERS' EQUITY - Stock Repurchase Program (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Employee Stock Purchase Plan and Stock Repurchase Program
Number of shares repurchased		0	400,230	1,294,594
Number of shares available for repurchase		1,721,870
Repurchase of common stock			$ 34,749	$ 111,627
Subsequent event
Employee Stock Purchase Plan and Stock Repurchase Program
Number of shares repurchased	531,314
Repurchase of common stock	$ 80,000
Common stock
Employee Stock Purchase Plan and Stock Repurchase Program
Number of repurchased shares authorized		2,000,000

INCOME TAXES - Geographical bre

INCOME TAXES - Geographical breakdown of income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Pre-tax income:
United States									$ 41,330	$ 7,114	$ 51,295
Foreign									119,884	108,124	88,865
Income before income taxes	$ 54,660	$ 43,956	$ 45,787	$ 16,811	$ 51,449	$ 28,610	$ 20,311	$ 14,868	161,214	115,238	140,160
Current:
Federal									22,229	6,860	6,216
State									2,122	861	1,964
Foreign									22,842	19,717	13,113
Total current provision									47,193	27,438	21,293
Deferred:
Federal									(13,375)	(2,547)	3,915
State									(594)	(678)	133
Foreign									(164)	(753)	(528)
Total deferred provision (benefit)									(14,133)	(3,978)	3,520
Total provision	9,981	$ 9,913	$ 9,234	$ 3,932	9,068	$ 6,802	$ 3,957	$ 3,633	33,060	23,460	$ 24,813
Income taxes, other disclosures
Liability for uncertain tax positions	18,100				$ 12,000				18,100	$ 12,000
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	18,100								18,100
Accrued interest and penalties	$ 3,500								$ 3,500

INCOME TAXES - Unrecognized tax

INCOME TAXES - Unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Activity of unrecognized tax benefits
Balance at the beginning of the year	$ 14,978	$ 13,577
Additions on tax positions for the current year	2,800	3,225
Additions on tax positions from prior years	1,002	2,582
Reduction in tax positions from prior year	(866)	(4,406)
Balance at the end of the year	17,914	14,978
Deferred income tax assets:
Tax credit carryforwards	5,960	5,934
Net operating loss carryforwards	3,311	3,678
Customer advances	10,008	3,443
Allowance for doubtful accounts	3,615	2,994
Inventory reserve	11,754	11,026
Inventory capitalization	424	481
Accrued liabilities	2,877	2,956
Operating lease liabilities	7,732	8,043
Stock and deferred compensation	12,624	12,224
Other assets	721	1,164
Total deferred income tax assets	59,026	51,943
Valuation allowance	(9,365)	(8,433)
Net deferred income tax assets	49,661	43,510
Deferred income tax liabilities:
Depreciation	(5,543)	(5,860)
Amortization of intangible assets	(12,096)	(21,617)
Withholding tax on unrepatriated foreign earnings	(7,834)	(6,851)
Operating lease ROU assets	(7,223)	(7,931)
State transition tax	(1,754)	(1,754)
Other liabilities	(4,814)	(1,824)
Total deferred income tax liabilities	(39,264)	(45,837)
Net deferred income tax liability	$ 10,397
Net deferred income tax liability		$ (2,327)

INCOME TAXES - Components of ne

INCOME TAXES - Components of net deferred income tax asset (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Components of net deferred income tax asset
Long term deferred income tax asset, included in other assets	$ 49,661	$ 43,510
Long term deferred income tax liability	(3,287)	(6,571)
Net deferred income tax liability		(2,327)
Net deferred income tax liability	10,397
Components of current taxes receivable and payable and prepaid taxes
Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	13,347	7,216
Current taxes payable, included in other accrued expenses and current liabilities	(17,320)	(13,692)
Net tax receivable (payable)	(3,973)	(6,476)
Other assets
Components of net deferred income tax asset
Long term deferred income tax asset, included in other assets	$ 13,684	$ 4,244

INCOME TAXES - Net operating lo

INCOME TAXES - Net operating loss carryforwards and Credit carryforwards (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
INCOME TAXES
Net aggregate decrease in valuation allowance	$ (0.9)
Excess tax benefits and tax deficiencies recognized as income tax expense or benefit	0.8	$ 0.6
Federal
INCOME TAXES
Net operating loss carry forwards	0.8
Tax credit carry forwards	0.5
State
INCOME TAXES
Net operating loss carry forwards	18.9
Tax credit carry forwards	7.7
Foreign
INCOME TAXES
Net operating loss carry forwards	$ 7.4

INCOME TAXES - Effective income

INCOME TAXES - Effective income tax rate (Details)	12 Months Ended
INCOME TAXES - Effective income tax rate (Details)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Effective income tax rate
Provision for income taxes at federal statutory rate	21%	21%	21%
Research and development tax credits	(1.60%)	(1.50%)	(1.30%)
Foreign income subject to tax at other than federal statutory rate	1.70%	0.20%	0.20%
Stock compensation	(0.50%)	(0.40%)	(1.20%)
Officers' compensation	4.10%	5.50%	4.30%
Change in valuation allowance	1%	(0.50%)	(4.00%)
Unrecognized tax expense (benefit)	3.70%	0.30%	(1.40%)
Tax on foreign currency gains and losses	0.10%	(0.60%)
State tax expense	0.60%	0.30%	1%
U.S. tax on foreign earnings	(0.80%)	1.40%	0.90%
Changes in prior year estimates	(2.40%)	(1.10%)	(0.60%)
Global intangible low-taxed income, net of foreign tax credits	0.80%	0.80%	0.30%
Foreign Derived Intangible Income Benefit	(4.30%)	(1.80%)	(1.30%)
Non-taxable earnings from acquisitions	(0.80%)	(2.10%)	(0.60%)
Patent box benefit	(3.20%)	(1.90%)	(0.30%)
Withholding tax on foreign earnings	0.60%
Other	0.50%	0.80%	0.70%
Effective income tax rate	20.50%	20.40%	17.70%

Commitments and Contingencies -

Commitments and Contingencies - Contingent Acquisition Obligations (Details) - USD ($) $ in Thousands		12 Months Ended
	Dec. 31, 2017	Jun. 30, 2024	Jun. 30, 2023
Contingent Acquisition Obligations
Beginning fair value, June 30, 2023		$ 21,181
Addition of contingent earnout obligations		1,766
Foreign currency translation adjustment		(25)
Changes in fair value for contingent earnout obligations		(6,945)
Payments on contingent earnout obligations		(602)
Ending fair value, June 30, 2024		15,375
Performance Guarantee
Guarantees
Maximum financial exposure		99,000	$ 64,000
Guarantor obligation liability		$ 0	$ 0
Minimum \| Performance Guarantee
Guarantees
Guarantor obligation term		1 year
Maximum \| Performance Guarantee
Guarantees
Guarantor obligation term		10 years
Other business acquisitions
Contingent Acquisition Obligations
Remaining maximum amount of contingent consideration		$ 32,900
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, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 1994
ECIL-Rapiscan Security Products Limited
Sales to joint venture	$ 10.4	$ 6.9	$ 2.3
ECIL-Rapiscan Security Products Limited
Ownership interest in joint venture (as a percent)				36%
Initial investment				$ 0.1
Receivables from joint venture	1.4	1.9
ECIL-Rapiscan Security Products Limited \| Chairman and Chief Executive Officer
Related party ownership percentage in equity method investee of the reporting entity				10.50%
ECIL-Rapiscan Security Products Limited \| Executive Officer
Related party ownership percentage in equity method investee of the reporting entity				4.50%
Maximum \| ECIL-Rapiscan Security Products Limited
Equity earnings in joint venture	$ 0.1	$ 0.1	$ 0.1
Maximum \| ECIL-Rapiscan Security Products Limited \| Management
Collective voting power control, by entity and related parties, in equity method investment of entity (as a percent)	50%

EMPLOYEE BENEFIT PLANS - Employ

EMPLOYEE BENEFIT PLANS - Employee Retirement Savings Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
EMPLOYEE BENEFIT PLANS
Contributions made by the entity to defined contribution plans	$ 7,400	$ 7,200	$ 6,900
Deferred Compensation Plan
Company contribution on deferred compensation plan	700	600	500
Assets held by Company	40,600
Liabilities held by Company	$ 40,500
Period to classify liabilities underfunded plans as noncurrent	12 months
Defined Benefit Pension Plans
Fair Value	$ 7,517	6,513	$ 5,977
Company contributions	$ 6,009
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	$ 9,000	$ 13,600
Company contributions	$ 6,000

EMPLOYEE BENEFIT PLANS - Change

EMPLOYEE BENEFIT PLANS - Change in Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Change in Benefit Obligation
Benefit obligation at beginning of year	$ 18,228	$ 18,464
Translation adjustment	(11)	149
Interest costs	$ 795	$ 624	$ 464
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
Actuarial gain	$ 71	$ (847)
Benefits paid	(6,216)	(162)
Benefit obligation at end of year	12,867	18,228	$ 18,464
Change in Plan Assets
Fair value of plan assets at beginning of year	6,513	5,977
Translation adjustment	11	243
Actual return on plan assets	1,159	413
Company contributions	6,009
Benefits paid	(6,175)	(120)
Fair value of plan assets at end of year	7,517	6,513	5,977
Funded status and net amount recognized	(5,350)	(11,715)
Amount recognized in consolidated balance sheets consists of:
Accumulated other comprehensive income	(349)	2,365
Net Periodic Benefit Costs
Interest costs	795	624	464
Expected return on plan assets	$ (487)	$ (340)	$ (279)
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	$ 548	$ 1,330	$ 1,115
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	$ (119)	$ 83	$ 41
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	$ 737	$ 1,697	$ 1,341
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%	5.30%
Expected return on plan assets	7.60%	5.80%
Other current assets
Amount recognized in consolidated balance sheets consists of:
Net benefit asset (included in other current assets)	$ 4,203	$ 3,264
Other current liabilities
Amount recognized in consolidated balance sheets consists of:
Current portion of net pension liability (included in other current liabilities)	(1,412)	(6,189)
Other long-term liabilities
Amount recognized in consolidated balance sheets consists of:
Net long term pension liability (included in other long-term liabilities)	$ 8,201	$ 8,790

EMPLOYEE BENEFIT PLANS - Plan A

EMPLOYEE BENEFIT PLANS - Plan Assets and Investment Policy (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
EMPLOYEE BENEFIT PLANS
Expected Rate of Return (as a percent)	7.60%	5.80%
Combined
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	100%	100%
Expected Rate of Return (as a percent)	7.60%	5.80%
Equity securities
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	87%	86%
Expected Rate of Return (as a percent)	8.40%	6.60%
Debt securities
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	12%	13%
Expected Rate of Return (as a percent)	1.90%	0.80%
Cash
EMPLOYEE BENEFIT PLANS
Proportion of Fair Value (as a percent)	1%	1%
Expected Rate of Return (as a percent)	1.90%	0.40%

EMPLOYEE BENEFIT PLANS - Projec

EMPLOYEE BENEFIT PLANS - Projected Benefit Payments (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($)
Projected Benefit Payments
July 1, 2024 to June 30, 2025	$ 1,545
July 1, 2025 to June 30, 2026	2,304
July 1, 2026 to June 30, 2027	2,323
July 1, 2027 to June 30, 2028	2,338
July 1, 2028 to June 30, 2029	1,790
July 1, 2029 to June 30, 2034	2,056
Company Contribution
Company contributions	$ 6,009

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)	12 Months Ended
SEGMENT INFORMATION (Details)	Jun. 30, 2024 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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Segment Information
Total revenues	$ 480,907	$ 405,406	$ 373,235	$ 279,210	$ 411,870	$ 302,889	$ 295,597	$ 268,071	$ 1,538,758	$ 1,278,427	$ 1,183,236
Income (loss) from operations	62,818	$ 51,363	$ 52,321	$ 22,559	57,151	$ 34,337	$ 25,491	$ 18,300	189,061	135,279	121,749
Segments assets	1,936,008				1,555,686				1,936,008	1,555,686	1,443,150
Capital expenditures									22,102	15,811	14,921
Depreciation and amortization									42,209	38,513	38,679
Security Division
Segment Information
Total revenues									1,043,073	760,291	663,159
Healthcare Division
Segment Information
Total revenues									171,435	190,488	205,658
Optoelectronics And Manufacturing Division
Segment Information
Total revenues									324,250	327,648	314,419
Capital expenditures									4,007	7,390	4,533
Depreciation and amortization									9,040	7,582	8,098
Operating segments \| Security Division
Segment Information
Total revenues									1,043,073	760,291	663,159
Income (loss) from operations									183,270	115,023	98,784
Segments assets	1,333,259				948,126				1,333,259	948,126	839,769
Capital expenditures									11,997	3,689	5,513
Depreciation and amortization									25,831	23,504	22,970
Operating segments \| Healthcare Division
Segment Information
Total revenues									171,435	190,488	205,658
Income (loss) from operations									6,013	11,365	24,696
Segments assets	255,093				245,856				255,093	245,856	231,423
Capital expenditures									3,219	2,726	2,295
Depreciation and amortization									5,794	5,757	5,915
Operating segments \| Optoelectronics And Manufacturing Division
Segment Information
Total revenues									384,268	387,431	366,661
Income (loss) from operations									42,814	46,680	45,030
Segments assets	288,629				310,930				288,629	310,930	301,483
Intersegment revenue elimination
Segment Information
Total revenues									(60,018)	(59,783)	(52,242)
Income (loss) from operations									(2,123)	1,286	189
Segments assets	(47,051)				(43,904)				(47,051)	(43,904)	(34,359)
Capital expenditures										38
Intersegment revenue elimination \| Optoelectronics And Manufacturing Division
Segment Information
Total revenues									60,018	59,783	52,242
Corporate
Segment Information
Income (loss) from operations									(40,913)	(39,075)	(46,950)
Segments assets	$ 106,078				$ 94,678				106,078	94,678	104,834
Capital expenditures									2,879	1,968	2,580
Depreciation and amortization									$ 1,544	$ 1,670	$ 1,696

SEGMENT INFORMATION - By geogra

SEGMENT INFORMATION - By geographical area (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
SEGMENT INFORMATION
Total net revenues	$ 480,907	$ 405,406	$ 373,235	$ 279,210	$ 411,870	$ 302,889	$ 295,597	$ 268,071	$ 1,538,758	$ 1,278,427	$ 1,183,236
Long lived tangible assets	185,880				188,710				185,880	188,710	179,149
Long lived assets	676,889				679,072				676,889	679,072	653,876
Total Americas
SEGMENT INFORMATION
Total net revenues									1,011,888	740,010	625,447
Long lived tangible assets	137,594				135,047				137,594	135,047	125,974
Long lived assets	562,097				560,870				562,097	560,870	542,426
United States
SEGMENT INFORMATION
Total net revenues									527,120	653,127	569,601
Long lived tangible assets	127,682				126,388				127,682	126,388	117,622
Long lived assets	535,225				534,417				535,225	534,417	514,489
Mexico
SEGMENT INFORMATION
Total net revenues									423,185	23,467	8,109
Long lived tangible assets	3,312				609				3,312	609	261
Long lived assets	4,407				609				4,407	609	261
Other Americas
SEGMENT INFORMATION
Total net revenues									61,583	63,416	47,737
Long lived tangible assets	6,600				8,050				6,600	8,050	8,091
Long lived assets	22,465				25,844				22,465	25,844	27,676
Total EMEA
SEGMENT INFORMATION
Total net revenues									284,830	324,766	329,610
Long lived tangible assets	30,762				32,185				30,762	32,185	32,586
Long lived assets	94,071				93,487				94,071	93,487	87,534
United Kingdom
SEGMENT INFORMATION
Total net revenues									234,858	280,268	276,658
Long lived tangible assets	26,506				27,952				26,506	27,952	27,749
Long lived assets	82,690				87,289				82,690	87,289	80,758
Other EMEA
SEGMENT INFORMATION
Total net revenues									49,972	44,498	52,952
Long lived tangible assets	4,256				4,233				4,256	4,233	4,837
Long lived assets	11,381				6,198				11,381	6,198	6,776
APAC
SEGMENT INFORMATION
Total net revenues									242,040	213,651	228,179
Long lived tangible assets	17,524				21,478				17,524	21,478	20,589
Long lived assets	$ 20,721				$ 24,715				20,721	24,715	23,916
Reportable Geographical Components
SEGMENT INFORMATION
Total net revenues									1,538,758	1,278,427	1,183,236
Reportable Geographical Components \| Total Americas
SEGMENT INFORMATION
Total net revenues									1,035,204	757,471	641,769
Reportable Geographical Components \| United States
SEGMENT INFORMATION
Total net revenues									550,436	670,588	585,923
Reportable Geographical Components \| Mexico
SEGMENT INFORMATION
Total net revenues									423,185	23,467	8,109
Reportable Geographical Components \| Other Americas
SEGMENT INFORMATION
Total net revenues									61,583	63,416	47,737
Reportable Geographical Components \| Total EMEA
SEGMENT INFORMATION
Total net revenues									295,913	330,601	332,497
Reportable Geographical Components \| United Kingdom
SEGMENT INFORMATION
Total net revenues									245,941	286,103	279,545
Reportable Geographical Components \| Other EMEA
SEGMENT INFORMATION
Total net revenues									49,972	44,498	52,952
Reportable Geographical Components \| APAC
SEGMENT INFORMATION
Total net revenues									267,659	250,138	261,181
Eliminations
SEGMENT INFORMATION
Total net revenues									(60,018)	(59,783)	(52,211)
Eliminations \| Total Americas
SEGMENT INFORMATION
Total net revenues									23,316	17,461	16,322
Eliminations \| United States
SEGMENT INFORMATION
Total net revenues									23,316	17,461	16,322
Eliminations \| Total EMEA
SEGMENT INFORMATION
Total net revenues									11,083	5,835	2,887
Eliminations \| United Kingdom
SEGMENT INFORMATION
Total net revenues									11,083	5,835	2,887
Eliminations \| APAC
SEGMENT INFORMATION
Total net revenues									$ 25,619	$ 36,487	$ 33,002

SUPPLEMENTARY DATA UNAUDITED _3

SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
SUPPLEMENTARY DATA UNAUDITED QUARTERLY RESULTS
Total revenues	$ 480,907	$ 405,406	$ 373,235	$ 279,210	$ 411,870	$ 302,889	$ 295,597	$ 268,071	$ 1,538,758	$ 1,278,427	$ 1,183,236
Costs of goods sold	326,590	269,311	231,934	180,465	268,850	199,103	199,390	180,574	1,008,300	847,917	758,809
Gross profit	154,317	136,095	141,301	98,745	143,020	103,786	96,207	87,497	530,458	430,510	424,427
Operating expenses:
Selling, general and administrative	71,745	66,584	71,604	59,798	67,165	53,707	54,003	53,438	269,731	228,313	235,553
Research and development	15,859	17,144	16,350	15,922	15,504	14,852	14,456	14,540	65,275	59,352	59,583
Impairment, restructuring and other charges, net	3,895	1,004	1,026	466	3,200	890	2,257	1,219
Total operating expenses	91,499	84,732	88,980	76,186	85,869	69,449	70,716	69,197	341,397	295,231	302,678
Income from operation	62,818	51,363	52,321	22,559	57,151	34,337	25,491	18,300	189,061	135,279	121,749
Interest and other expense, net	(8,158)	(7,407)	(6,534)	(5,748)	(5,702)	(5,727)	(5,180)	(3,432)
Income before income taxes	54,660	43,956	45,787	16,811	51,449	28,610	20,311	14,868	161,214	115,238	140,160
Provision for income taxes	(9,981)	(9,913)	(9,234)	(3,932)	(9,068)	(6,802)	(3,957)	(3,633)	(33,060)	(23,460)	(24,813)
Net income	$ 44,679	$ 34,043	$ 36,553	$ 12,879	$ 42,381	$ 21,808	$ 16,354	$ 11,235	$ 128,154	$ 91,778	$ 115,347
Basic	$ 2.62	$ 2	$ 2.15	$ 0.77	$ 2.53	$ 1.30	$ 0.97	$ 0.66	$ 7.55	$ 5.45	$ 6.57
Diluted	$ 2.55	$ 1.95	$ 2.11	$ 0.75	$ 2.46	$ 1.27	$ 0.96	$ 0.65	$ 7.38	$ 5.34	$ 6.45