Coherent (COHR) 10-Q7 May 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Mar. 31, 2024	May 03, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-39375
Entity Registrant Name	COHERENT CORP.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	25-1214948
Entity Address, Address Line One	375 Saxonburg Boulevard
Entity Address, Postal Zip Code	16056
Entity Address, City or Town	Saxonburg,
Entity Address, State or Province	PA
City Area Code	724
Local Phone Number	352-4455
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	COHR
Security Exchange Name	NYSE
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		152,461,013
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000820318
Current Fiscal Year End Date	--06-30

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Current Assets
Cash and cash equivalents	$ 898,578	$ 821,310
Restricted cash, current	183,611	12,023
Accounts receivable - less allowance for doubtful accounts of $10,605 at March 31, 2024 and $8,005 at June 30, 2023	955,644	901,531
Inventories	1,291,703	1,272,333
Prepaid and refundable income taxes	18,971	28,271
Prepaid and other current assets	201,727	216,530
Total Current Assets	3,550,234	3,251,998
Property, plant & equipment, net	1,851,383	1,782,035
Goodwill	4,493,225	4,512,700
Other intangible assets, net	3,586,302	3,814,684
Deferred income taxes	39,485	37,748
Restricted cash, non-current	710,270	4,233
Other assets	289,513	307,735
Total Assets	14,520,412	13,711,133
Current Liabilities
Current portion of long-term debt	75,469	74,836
Accounts payable	593,504	405,308
Accrued compensation and benefits	177,399	175,564
Operating lease current liabilities	38,321	38,271
Accrued income taxes payable	116,455	74,488
Other accrued liabilities	309,480	310,281
Total Current Liabilities	1,310,628	1,078,748
Long-term debt	4,082,656	4,234,962
Deferred income taxes	748,453	780,307
Operating lease liabilities	138,305	140,748
Other liabilities	201,240	247,402
Total Liabilities	6,481,282	6,482,167
Mezzanine Equity
Series B redeemable convertible preferred stock, no par value, 5% cumulative; issued - 215,000 shares at March 31, 2024 and June 30, 2023; redemption value - $2,397,885 and $2,309,966, respectively	2,333,361	2,241,415
Shareholders' Equity
Series A preferred stock, no par value, 6% cumulative; issued - 0 and 2,300,000 shares at March 31, 2024 and June 30, 2023, respectively	0	445,319
Common stock, no par value; authorized - 300,000,000 shares; issued - 167,990,097 shares at March 31, 2024; 154,719,413 shares at June 30, 2023	4,835,261	3,781,211
Accumulated other comprehensive income	67,352	109,726
Retained earnings	744,792	944,416
Shareholders' equity excluding treasury stock	5,647,405	5,280,672
Treasury stock, at cost; 15,572,135 shares at March 31, 2024 and 15,135,711 shares at June 30, 2023	(311,953)	(293,121)
Total Coherent Corp. Shareholders’ Equity	5,335,452	4,987,551
Noncontrolling interests (NCI)	370,317	0
Total Equity	5,705,769	4,987,551
Total Liabilities, Mezzanine Equity and Equity	$ 14,520,412	$ 13,711,133

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Mar. 31, 2024	Jun. 30, 2023
Accounts receivable, allowance for doubtful accounts		$ 10,605	$ 8,005
Common stock, no par value (in usd per share)		$ 0	$ 0
Common stock, shares authorized (in shares)		300,000,000	300,000,000
Common stock, shares issued (in shares)		167,990,097	154,719,413
Treasury stock (in shares)		15,572,135	15,135,711
Series B Convertible Preferred Stock
Redeemable convertible preferred stock, par value (in usd per share)		$ 0	$ 0
Redeemable convertible preferred stock, cumulative percentage		5%	5%
Redeemable convertible preferred stock, shares issued (in shares)		215,000	215,000
Redeemable convertible preferred stock redemption value		$ 2,397,885	$ 2,309,966
Series A Preferred Stock
Preferred stock, par value (in usd per share)		$ 0	$ 0
Preferred stock, dividend rate, percentage	6%		6%
Preferred stock, shares issued (in shares)		0	2,300,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 1,208,809	$ 1,240,194	$ 3,393,326	$ 3,955,049
Costs, Expenses, and Other Expense (Income)
Cost of goods sold	842,322	820,038	2,369,303	2,680,131
Internal research and development	127,485	126,382	352,136	376,257
Selling, general and administrative	205,167	226,386	626,027	780,551
Restructuring charges	11,530	0	12,978	0
Interest expense	72,753	75,183	220,689	207,976
Other income, net	(18,597)	(3,048)	(30,252)	32,253
Total Costs, Expenses, & Other Expense	1,240,660	1,244,941	3,550,881	4,077,168
Loss Before Income Taxes	(31,851)	(4,747)	(157,555)	(122,119)
Income Tax Benefit	(16,121)	(7,293)	(45,816)	(40,895)
Net Earnings (Loss)	(15,730)	2,546	(111,739)	(81,224)
Net Loss Attributable to Noncontrolling Interests	(2,543)	0	(4,027)	0
Net Earnings (Loss) Attributable to Coherent Corp.	(13,187)	2,546	(107,712)	(81,224)
Less: Dividends on Preferred Stock	31,193	36,071	91,946	107,537
Net Loss Available to the Common Shareholders	$ (44,380)	$ (33,525)	$ (199,658)	$ (188,761)
Basic Loss Per Share (in usd per share)	$ (0.29)	$ (0.24)	$ (1.32)	$ (1.38)
Diluted Loss Per Share (in usd per share)	$ (0.29)	$ (0.24)	$ (1.32)	$ (1.38)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Net Earnings (Loss)	$ (15,730)	$ 2,546	$ (111,739)	$ (81,224)
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	(146,770)	58,141	(27,885)	157,805
Pension adjustment, net of taxes	476	709	824	1,151
Comprehensive Income (Loss)	(155,046)	46,870	(156,213)	91,397
Comprehensive Loss Attributable to Noncontrolling Interests	(2,543)	0	(4,027)	0
Foreign Currency Translation Adjustments Attributable to Noncontrolling Interests	(294)	0	771	0
Comprehensive Income (Loss) Attributable to Coherent Corp.	(152,209)	46,870	(152,957)	91,397
Interest Rate Swap
Other Comprehensive Income (Loss):
Change in fair value of interest rate swap and interest rate cap, net of taxes	(4,359)	(6,251)	(17,034)	6,019
Interest Rate Cap
Other Comprehensive Income (Loss):
Change in fair value of interest rate swap and interest rate cap, net of taxes	$ 11,337	$ (8,275)	$ (379)	$ 7,646

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Pension adjustment tax	$ 0	$ 0	$ 0	$ 0
Interest Rate Swap
Change in fair value of interest rate swap and interest rate cap, taxes	(1,193)	(1,712)	(4,665)	1,649
Interest Rate Cap
Change in fair value of interest rate swap and interest rate cap, taxes	$ 3,104	$ (2,200)	$ (40)	$ 2,032

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Cash Flows from Operating Activities
Net loss	$ (15,730)	$ (67,534)	$ 2,546	$ (38,698)	$ (111,739)	$ (81,224)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation					199,693	197,469
Amortization					216,420	280,667
Share-based compensation expense					97,752	123,674
Amortization of discount on convertible debt and debt issuance costs					13,256	13,690
Non-cash restructuring charges					4,858	0
Loss on disposal of property, plant and equipment					262	0
Unrealized gains on foreign currency remeasurements and transactions					(3,852)	(945)
Loss (earnings) from equity investments					523	(435)
Deferred income taxes					(140,727)	(121,277)
Loss on debt extinguishment					0	6,835
Increase (decrease) in cash from changes in (net of effect of acquisitions):
Accounts receivable					(52,388)	50,887
Inventories					(21,256)	75,096
Accounts payable					161,366	(78,985)
Contract liabilities					(39,103)	13,177
Income taxes					36,960	18,478
Accrued compensation and benefits					1,835	(54,893)
Other operating assets and liabilities					19,544	10,279
Net cash provided by operating activities					383,404	452,493
Cash Flows from Investing Activities
Additions to property, plant & equipment					(246,909)	(342,999)
Purchases of businesses, net of cash acquired					0	(5,488,556)
Other investing activities					(2,114)	(2,261)
Net cash used in investing activities					(249,023)	(5,833,816)
Cash Flows from Financing Activities
Sale of shares to noncontrolling interests					1,000,000	0
Proceeds from borrowings of revolving credit facilities					18,966	65,000
Payments on existing debt					(165,094)	(1,144,025)
Payments on borrowings under revolving credit facilities					(18,642)	(65,000)
Payments on convertible notes					0	(3,561)
Debt issuance costs					0	(126,516)
Equity issuance costs					(31,840)	(42,000)
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan					36,097	21,509
Payments in satisfaction of employees' minimum tax obligations					(18,823)	(51,836)
Cash dividends paid					0	(20,700)
Other financing activities					(755)	(866)
Net cash provided by financing activities					819,909	3,682,005
Effect of exchange rate changes on cash, cash equivalents, and restricted cash					603	22,532
Net increase (decrease) in cash, cash equivalents, and restricted cash					954,893	(1,676,786)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period		$ 837,566		$ 2,582,371	837,566	2,582,371	$ 2,582,371
Cash, Cash Equivalents, and Restricted Cash at End of Period	1,792,459		905,585		1,792,459	905,585	837,566
Supplemental Information
Cash paid for interest					224,656	190,672
Cash paid for income taxes					53,803	63,485
Additions to property, plant & equipment included in accounts payable					66,040	45,425
Non-Cash Investing and Financing Activities
Conversion of Series A preferred stock to common stock					445,319	0
Reconciliation of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Restricted cash, current	894,000				894,000		16,000
Cash and cash equivalents	898,578		884,352		898,578	884,352	821,310
Restricted cash, current	183,611		16,676		183,611	16,676
Restricted cash, non-current	710,270		4,557		710,270	4,557
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$ 1,792,459		$ 905,585		1,792,459	905,585	$ 837,566
Series B Preferred Shares
Cash Flows from Financing Activities
Proceeds from issuance of Series B Preferred Shares					0	1,400,000
Term A Loan
Cash Flows from Financing Activities
Proceeds from borrowing of Term Facility					0	850,000
Term B Loan
Cash Flows from Financing Activities
Proceeds from borrowing of Term Facility					$ 0	$ 2,800,000

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity and Mezzanine Equity (Unaudited) - USD ($) $ in Thousands	Total	Interest Rate Swap	Interest Rate Cap	Conversion of Series A preferred stock	Convertible debt conversions	Common Stock	Common Stock Conversion of Series A preferred stock	Common Stock Convertible debt conversions	Preferred Stock	Preferred Stock Conversion of Series A preferred stock	AOCI	AOCI Interest Rate Swap	AOCI Interest Rate Cap	Retained Earnings	Treasury Stock	NCI
Beginning balance, Common Stock (in shares) at Jun. 30, 2022						120,923,000
Beginning balance at Jun. 30, 2022	$ 3,616,475					$ 2,064,552			$ 445,319		$ (2,167)			$ 1,348,125	$ (239,354)
Beginning balance, Preferred Stock (in shares) at Jun. 30, 2022									2,300,000
Beginning balance, Treasury Stock, (in shares) at Jun. 30, 2022															(13,973,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based and deferred compensation activities (in shares)						2,398,000									830,000
Share-based and deferred compensation activities	20,571					$ 61,431									$ (40,860)
Coherent acquisition (in shares)						22,588,000
Coherent acquisition	1,207,591					$ 1,207,591
Conversion of stock and securities (in shares)								7,181,000
Conversion of stock and securities					$ 337,940			$ 337,940
Net Earnings (Loss)	(38,698)													(38,698)
Foreign currency translation adjustments	(132,371)										(132,371)
Change in fair value of interest rate swap and interest rate cap, net of taxes		$ 12,604	$ 20,464									$ 12,604	$ 20,464
Pension adjustment, net of taxes	39										39
Dividends	(35,577)													(35,577)
Ending balance, Common Stock (in shares) at Sep. 30, 2022						153,090,000
Ending balance at Sep. 30, 2022	$ 5,009,038					$ 3,671,514			$ 445,319		(101,431)			1,273,850	$ (280,214)
Ending balance, Preferred Stock (in shares) at Sep. 30, 2022									2,300,000
Ending balance, Treasury Stock (in shares) at Sep. 30, 2022															(14,803,000)
Beginning balance (in shares) at Jun. 30, 2022	75,000
Beginning balance at Jun. 30, 2022	$ 766,803
Increase (Decrease) in Temporary Equity [Roll Forward]
Issuance of Series B shares (in shares)	140,000
Issuance of Series B shares	$ 1,358,000
Dividends	$ 28,677
Ending balance (in shares) at Sep. 30, 2022	215,000
Ending balance at Sep. 30, 2022	$ 2,153,480
Beginning balance, Common Stock (in shares) at Jun. 30, 2022						120,923,000
Beginning balance at Jun. 30, 2022	3,616,475					$ 2,064,552			$ 445,319		(2,167)			1,348,125	$ (239,354)
Beginning balance, Preferred Stock (in shares) at Jun. 30, 2022									2,300,000
Beginning balance, Treasury Stock, (in shares) at Jun. 30, 2022															(13,973,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings (Loss)	(81,224)
Foreign currency translation adjustments	157,805
Pension adjustment, net of taxes	1,151
Ending balance, Common Stock (in shares) at Mar. 31, 2023						154,370,000
Ending balance at Mar. 31, 2023	$ 5,239,436					$ 3,755,410			$ 445,319		170,454			1,159,322	$ (291,069)
Ending balance, Preferred Stock (in shares) at Mar. 31, 2023									2,300,000
Ending balance, Treasury Stock (in shares) at Mar. 31, 2023															(15,098,000)
Beginning balance (in shares) at Jun. 30, 2022	75,000
Beginning balance at Jun. 30, 2022	$ 766,803
Ending balance (in shares) at Mar. 31, 2023	215,000
Ending balance at Mar. 31, 2023	$ 2,211,642
Beginning balance, Common Stock (in shares) at Sep. 30, 2022						153,090,000
Beginning balance at Sep. 30, 2022	5,009,038					$ 3,671,514			$ 445,319		(101,431)			1,273,850	$ (280,214)
Beginning balance, Preferred Stock (in shares) at Sep. 30, 2022									2,300,000
Beginning balance, Treasury Stock, (in shares) at Sep. 30, 2022															(14,803,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based and deferred compensation activities (in shares)						779,000									266,000
Share-based and deferred compensation activities	23,194					$ 32,745									$ (9,551)
Net Earnings (Loss)	(45,072)													(45,072)
Foreign currency translation adjustments	232,035										232,035
Change in fair value of interest rate swap and interest rate cap, net of taxes		(334)	(4,543)									(334)	(4,543)
Pension adjustment, net of taxes	403										403
Dividends	(35,931)													(35,931)
Ending balance, Common Stock (in shares) at Dec. 31, 2022						153,869,000
Ending balance at Dec. 31, 2022	$ 5,178,790					$ 3,704,259			$ 445,319		126,130			1,192,847	$ (289,765)
Ending balance, Preferred Stock (in shares) at Dec. 31, 2022									2,300,000
Ending balance, Treasury Stock (in shares) at Dec. 31, 2022															(15,069,000)
Beginning balance (in shares) at Sep. 30, 2022	215,000
Beginning balance at Sep. 30, 2022	$ 2,153,480
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends	$ 28,992
Ending balance (in shares) at Dec. 31, 2022	215,000
Ending balance at Dec. 31, 2022	$ 2,182,471
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based and deferred compensation activities (in shares)						501,000									29,000
Share-based and deferred compensation activities	49,847					$ 51,151									$ (1,304)
Net Earnings (Loss)	2,546													2,546
Foreign currency translation adjustments	58,141										58,141
Change in fair value of interest rate swap and interest rate cap, net of taxes	709	(6,251)	(8,275)								709	(6,251)	(8,275)
Pension adjustment, net of taxes	709
Dividends	(36,071)													(36,071)
Ending balance, Common Stock (in shares) at Mar. 31, 2023						154,370,000
Ending balance at Mar. 31, 2023	5,239,436					$ 3,755,410			$ 445,319		170,454			1,159,322	$ (291,069)
Ending balance, Preferred Stock (in shares) at Mar. 31, 2023									2,300,000
Ending balance, Treasury Stock (in shares) at Mar. 31, 2023															(15,098,000)
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends	$ 29,171
Ending balance (in shares) at Mar. 31, 2023	215,000
Ending balance at Mar. 31, 2023	$ 2,211,642
Beginning balance, Common Stock (in shares) at Jun. 30, 2023						154,721,000
Beginning balance at Jun. 30, 2023	$ 4,987,551					$ 3,781,211			$ 445,319		109,726			944,416	$ (293,121)	$ 0
Beginning balance, Preferred Stock (in shares) at Jun. 30, 2023									2,300,000
Beginning balance, Treasury Stock, (in shares) at Jun. 30, 2023	(15,135,711)														(15,137,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based and deferred compensation activities (in shares)						1,804,000									366,000
Share-based and deferred compensation activities	$ 46,816					$ 60,748									$ (13,932)
Conversion of stock and securities (in shares)							10,240,000			(2,300,000)
Conversion of stock and securities				$ 0			$ 445,319			$ (445,319)
Net Earnings (Loss)	(67,534)													(67,534)
Foreign currency translation adjustments	(107,903)										(107,903)
Change in fair value of interest rate swap and interest rate cap, net of taxes		(4,662)	7,600									(4,662)	7,600
Pension adjustment, net of taxes	291										291
Dividends	(30,173)													(30,173)
Ending balance, Common Stock (in shares) at Sep. 30, 2023						166,765,000
Ending balance at Sep. 30, 2023	$ 4,831,986					$ 4,287,278			$ 0		5,052			846,709	$ (307,053)	0
Ending balance, Preferred Stock (in shares) at Sep. 30, 2023									0
Ending balance, Treasury Stock (in shares) at Sep. 30, 2023															(15,503,000)
Beginning balance (in shares) at Jun. 30, 2023	215,000
Beginning balance at Jun. 30, 2023	$ 2,241,415
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends	$ 30,173
Ending balance (in shares) at Sep. 30, 2023	215,000
Ending balance at Sep. 30, 2023	$ 2,271,588
Beginning balance, Common Stock (in shares) at Jun. 30, 2023						154,721,000
Beginning balance at Jun. 30, 2023	$ 4,987,551					$ 3,781,211			$ 445,319		109,726			944,416	$ (293,121)	0
Beginning balance, Preferred Stock (in shares) at Jun. 30, 2023									2,300,000
Beginning balance, Treasury Stock, (in shares) at Jun. 30, 2023	(15,135,711)														(15,137,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings (Loss)	$ (111,739)
Foreign currency translation adjustments	(27,885)
Pension adjustment, net of taxes	824
Sale of shares to noncontrolling interests, net of issuance costs and taxes											2,871
Ending balance, Common Stock (in shares) at Mar. 31, 2024						167,992,000
Ending balance at Mar. 31, 2024	$ 5,705,769					$ 4,835,261			$ 0		67,352			744,792	$ (311,953)	370,317
Ending balance, Preferred Stock (in shares) at Mar. 31, 2024									0
Ending balance, Treasury Stock (in shares) at Mar. 31, 2024	(15,572,135)														(15,573,000)
Beginning balance (in shares) at Jun. 30, 2023	215,000
Beginning balance at Jun. 30, 2023	$ 2,241,415
Ending balance (in shares) at Mar. 31, 2024	215,000
Ending balance at Mar. 31, 2024	$ 2,333,361
Beginning balance, Common Stock (in shares) at Sep. 30, 2023						166,765,000
Beginning balance at Sep. 30, 2023	4,831,986					$ 4,287,278			$ 0		5,052			846,709	$ (307,053)	0
Beginning balance, Preferred Stock (in shares) at Sep. 30, 2023									0
Beginning balance, Treasury Stock, (in shares) at Sep. 30, 2023															(15,503,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based and deferred compensation activities (in shares)						544,000									47,000
Share-based and deferred compensation activities	21,551					$ 25,184									$ (3,633)
Net Earnings (Loss)	(28,475)													(26,991)		(1,484)
Foreign currency translation adjustments	226,788										225,723					1,065
Change in fair value of interest rate swap and interest rate cap, net of taxes		(8,013)	(19,316)									(8,013)	(19,316)
Pension adjustment, net of taxes	57										57
Dividends	(30,580)													(30,580)
Sale of shares to noncontrolling interests, net of issuance costs and taxes	850,058					$ 473,614					2,871					373,573
Ending balance, Common Stock (in shares) at Dec. 31, 2023						167,309,000
Ending balance at Dec. 31, 2023	$ 5,844,056					$ 4,786,076			$ 0		206,374			789,138	$ (310,686)	373,154
Ending balance, Preferred Stock (in shares) at Dec. 31, 2023									0
Ending balance, Treasury Stock (in shares) at Dec. 31, 2023															(15,550,000)
Beginning balance (in shares) at Sep. 30, 2023	215,000
Beginning balance at Sep. 30, 2023	$ 2,271,588
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends	$ 30,580
Ending balance (in shares) at Dec. 31, 2023	215,000
Ending balance at Dec. 31, 2023	$ 2,302,168
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based and deferred compensation activities (in shares)						683,000									23,000
Share-based and deferred compensation activities	47,918					$ 49,185									$ (1,267)
Net Earnings (Loss)	(15,730)													(13,187)		(2,543)
Foreign currency translation adjustments	(146,770)										(146,476)					(294)
Change in fair value of interest rate swap and interest rate cap, net of taxes		$ 11,337	$ (4,359)									$ 11,337	$ (4,359)
Pension adjustment, net of taxes	476										476
Dividends	(31,159)													(31,159)
Ending balance, Common Stock (in shares) at Mar. 31, 2024						167,992,000
Ending balance at Mar. 31, 2024	$ 5,705,769					$ 4,835,261			$ 0		$ 67,352			$ 744,792	$ (311,953)	$ 370,317
Ending balance, Preferred Stock (in shares) at Mar. 31, 2024									0
Ending balance, Treasury Stock (in shares) at Mar. 31, 2024	(15,572,135)														(15,573,000)
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends	$ 31,193
Ending balance (in shares) at Mar. 31, 2024	215,000
Ending balance at Mar. 31, 2024	$ 2,333,361

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Equity and Mezzanine Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022
Pension adjustment tax	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Interest Rate Swap
Change in fair value of interest rate swap and interest rate cap, taxes	(1,193)	(1,193)	(1,277)	(1,712)	(92)	3,452
Interest Rate Cap
Change in fair value of interest rate swap and interest rate cap, taxes	$ 3,104	$ 3,104	$ 2,145	$ (2,200)	$ (1,208)	$ 5,440

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements of Coherent Corp. (“Coherent”, the “Company”, “we”, “us” or “our”) for the three and nine months ended March 31, 2024 and 2023 are unaudited. In the opinion of management, all adjustments considered necessary for a fair presentation for the periods presented have been included. All adjustments are of a normal recurring nature unless disclosed otherwise. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K dated August 18, 2023. The condensed consolidated results of operations for the three and nine months ended March 31, 2024 are not necessarily indicative of the results to be expected for the full fiscal year. The Condensed Consolidated Balance Sheet information as of June 30, 2023 was derived from the Company’s audited consolidated financial statements. Certain prior year amounts have been reclassified for consistency with the current year presentation. Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with ASC Topic 810-10-45, which requires the Company to present noncontrolling interests as a separate component of total shareholders’ equity on the Condensed Consolidated Balance Sheets and the consolidated net income (loss) attributable to its noncontrolling interests be clearly identified and presented on the face of the Condensed Consolidated Statements of Earnings (Loss) and Condensed Consolidated Statements of Comprehensive Income (Loss). See Note 11. Noncontrolling Interests for further information on the noncontrolling interests in our Silicon Carbide LLC subsidiary.

Recently Issued Financial Accou

Recently Issued Financial Accounting Standards	9 Months Ended
Recently Issued Financial Accounting Standards	Mar. 31, 2024
Accounting Policies [Abstract]
Recently Issued Financial Accounting Standards	Recently Issued Financial Accounting Standards In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is evaluating the impact this will have on the Company’s condensed consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, on either a prospective or retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-09 on its consolidated financial statements and related disclosures. In March 2024, the SEC issued the final rule under SEC Release No. 33-11275 and 34-99678, “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” requiring public companies to provide certain climate-related information in their registration statements and annual reports. The final rules will require information about a company’s climate-related risks that have materially impacted or are reasonably likely to have a material impact on its business strategy, results of operations, or financial condition, and the actual and potential material impacts of any identified climate-related risks on the company’s strategy, business model and outlook, as well as relating to assessment, management, oversight and mitigation of such material risks, material climate-related targets and goals, and material greenhouse gas emissions. Additionally, certain disclosures related to severe weather events and other natural conditions will be required in the audited financial statements. The first phase of the final rule is effective for fiscal years beginning in 2025. Disclosure for prior periods is only required if it was previously disclosed in an SEC filing. On April 4, 2024, the SEC voluntarily stayed implementation of the final rule to facilitate the orderly judicial resolution of pending legal challenges to the rule. We are currently evaluating the impact on our disclosures of adopting this new pronouncement.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
Revenue from Contracts with Customers	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers We believe that disaggregating revenue by end market provides the most relevant information regarding the nature, amount, timing, and uncertainty of revenues and cash flows. The following tables summarize disaggregated revenue by market ($000): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Networking Materials Lasers Total Networking Materials Lasers Total Industrial $ 16,361 $ 134,516 $ 270,301 $ 421,178 $ 47,072 $ 404,847 $ 796,961 $ 1,248,880 Communications 593,223 22,568 — 615,791 1,538,847 56,804 — 1,595,651 Electronics 1,643 71,970 — 73,613 4,820 247,314 — 252,134 Instrumentation 7,597 9,928 80,702 98,227 25,169 28,335 243,157 296,661 Total Revenues $ 618,824 $ 238,982 $ 351,003 $ 1,208,809 $ 1,615,908 $ 737,300 $ 1,040,118 $ 3,393,326 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Networking Materials Lasers Total Networking Materials Lasers Total Industrial $ 17,570 $ 156,846 $ 263,789 $ 438,205 $ 52,189 $ 450,383 $ 846,881 $ 1,349,453 Communications 521,291 17,014 — 538,305 1,664,205 59,553 — 1,723,758 Electronics 2,849 136,229 — 139,078 9,674 509,803 — 519,477 Instrumentation 9,389 13,680 101,537 124,606 30,259 42,070 290,032 362,361 Total Revenues $ 551,099 $ 323,769 $ 365,326 $ 1,240,194 $ 1,756,327 $ 1,061,809 $ 1,136,913 $ 3,955,049 Contract Liabilities

Inventories

Inventories	9 Months Ended
Inventories	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows ($000): March 31, June 30, Raw materials $ 427,947 $ 462,436 Work in progress 628,450 549,992 Finished goods 235,306 259,905 Total inventories $ 1,291,703 $ 1,272,333

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
Property, Plant and Equipment	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consists of the following ($000): March 31, June 30, Land and improvements $ 69,578 $ 69,639 Buildings and improvements 805,680 780,204 Machinery and equipment 1,998,349 1,879,136 Construction in progress 404,645 287,990 Finance lease right-of-use asset 25,000 25,000 3,303,252 3,041,969 Less accumulated depreciation (1,451,869) (1,259,934) Property, plant, and equipment, net $ 1,851,383 $ 1,782,035

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
Goodwill and Other Intangible Assets	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill were as follows ($000): Nine Months Ended March 31, 2024 Networking Materials Lasers Total Balance-beginning of period $ 1,036,204 $ 247,695 $ 3,228,801 $ 4,512,700 Foreign currency translation 457 224 (20,156) (19,475) Balance-end of period $ 1,036,661 $ 247,919 $ 3,208,645 $ 4,493,225 We test goodwill for impairment annually during the fourth quarter, or more frequently when events or changes in circumstances indicate that fair value is below carrying value. As part of our annual assessment in the fourth quarter of fiscal 2023, we determined that the estimated fair value of our Lasers reporting unit exceeded its carrying value by approximately 10%. As of March 31, 2024, the carrying amount of goodwill within this reporting unit was $3.2 billion. The reporting unit’s estimated fair value is sensitive to changes in the significant assumptions used in the analysis including forecasted revenues and related gross margins. If the reporting unit does not perform to expected levels and realize the expected benefit from the multi-year synergy and site consolidation plans, or there are adverse changes in certain macroeconomic factors, the related goodwill may be at risk for impairment in the future. The gross carrying amount and accumulated amortization of our intangible assets other than goodwill were as follows ($000): March 31, 2024 June 30, 2023 Gross Accumulated Net Gross Accumulated Net Book Value Technology $ 1,657,692 $ (363,999) $ 1,293,693 $ 1,661,263 $ (270,786) $ 1,390,477 Trade Names 438,471 (8,471) 430,000 438,470 (8,279) 430,191 Customer Lists 2,323,593 (460,984) 1,862,609 2,333,360 (339,344) 1,994,016 Total $ 4,419,756 $ (833,454) $ 3,586,302 $ 4,433,093 $ (618,409) $ 3,814,684

Debt

Debt	9 Months Ended
Debt	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt The components of debt as of the dates indicated were as follows ($000): March 31, June 30, Term A Facility, interest at adjusted SOFR, as defined, plus 2.000% $ 786,250 $ 818,125 Debt issuance costs, Term A Facility and Revolving Credit Facility (14,730) (18,149) Term B Facility, interest at adjusted SOFR, as defined, plus 2.750% 2,435,625 2,566,625 Debt issuance costs, Term B Facility (54,830) (63,977) 1.30% Term loan 674 1,697 Borrowings on local lines of credit 1,336 — Facility construction loan in Germany 19,973 22,340 5.000% Senior Notes 990,000 990,000 Debt issuance costs and discount, Senior Notes (6,173) (6,863) Total debt 4,158,125 4,309,798 Current portion of long-term debt (75,469) (74,836) Long-term debt, less current portion $ 4,082,656 $ 4,234,962 Senior Credit Facilities On July 1, 2022 (the “Closing Date”), Coherent entered into a Credit Agreement by and among the Company, as borrower (in such capacity, the “Borrower”), the lenders, and other parties thereto, and JP Morgan Chase Bank, N.A., as administrative agent and collateral agent, which provides for senior secured financing of $4.0 billion, consisting of a term loan A credit facility (the “Term A Facility”), with an aggregate principal amount of $850 million, a term loan B credit facility (the “Term B Facility” and, together with the Term A Facility, the “Term Facilities”), with an aggregate principal amount of $2,800 million, and a revolving credit facility (the “Revolving Credit Facility”), in an aggregate available amount of $350 million, including a letter of credit sub-facility of up to $50 million. On March 31, 2023, Coherent entered into Amendment No. 1 to the Credit Agreement, which replaced the adjusted LIBOR-based rate of interest therein with an adjusted SOFR-based rate of interest. As amended, the Term A Facility and the Revolving Credit Facility each bear interest at an adjusted SOFR rate subject to a 0.10% floor plus a range of 1.75% to 2.50%, based on the Company’s total net leverage ratio. The Term A Facility and the Revolving Credit Facility borrowings bear interest at adjusted SOFR plus 2.00% as of March 31, 2024. As amended, the Term B Facility bears interest at an adjusted SOFR rate (subject to a 0.50% floor) plus 2.75% as of March 31, 2024. On April 2, 2024, Coherent entered into Amendment No. 2 to the Credit Agreement, under which the principal amount of term B loans outstanding under the Credit Agreement (the “Existing Term B Loans”) were replaced with an equal amount of new term loans (the “New Term B Loans”) having substantially similar terms as the Existing Term B Loans, except with respect to the interest rate applicable to the New Term B Loans and certain other provisions. As further amended, the New Term B Loans will bear interest at an adjusted SOFR rate (subject to a 0.50% floor) plus 2.50% as of April 2, 2024. The maturity of the New Term Loans and revolving credit facility remains unchanged. In relation to the Term Facilities, the Company incurred interest expense, including amortization of debt issuance costs and the benefit of the interest rate cap and swap, of $59 million and $181 million in the three and nine months ended March 31, 2024, respectively, and $62 million and $168 million in the three and nine months ended March 31, 2023, respectively, which is included in interest expense in the Condensed Consolidated Statements of Earnings (Loss). On July 1, 2023, our interest rate cap became effective, which together with our interest rate swap, reduced interest expense by $11 million and $34 million during the three and nine months ended March 31, 2024, respectively, and $6 million and $12 million during the three and nine months ended March 31, 2023, respectively. The amortization of debt issuance costs included in interest expense was $4 million and $11 million in the three and nine months ended March 31, 2024, respectively, and $5 million and $14 million in the three and nine months ended March 31, 2023, respectively. Debt issuance costs are presented as contra-debt within the long-term debt caption in the Condensed Consolidated Balance Sheets. On the Closing Date, the Borrower and certain of its direct and indirect subsidiaries provided a guaranty of all obligations of the Borrower and the other loan parties under the Credit Agreement and the other loan documents, secured cash management agreements and secured hedge agreements with the lenders and/or their affiliates (subject to certain exceptions). The Borrower and the other guarantors have also granted a security interest in substantially all of their assets to secure such obligations. Proceeds of the loans borrowed under the Term Facilities on July 1, 2022, together with other financing sources (including the net proceeds from Coherent's offer and sale of its 5.000% Senior Notes due 2029 (the “Senior Notes”) and cash on hand) were used to fund the cash portion of the Merger consideration, the repayment of certain indebtedness (including the repayment in full of all amounts outstanding under the Prior Credit Agreement as defined below), and certain fees and expenses in connection with the Merger and otherwise for general corporate purposes. As of March 31, 2024, the Company was in compliance with all covenants under the senior credit facilities. Prior Senior Credit Facilities Through June 30, 2022, the Company had senior credit facilities (the “Prior Credit Agreement”) with Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, and the other lenders party thereto. On July 1, 2022, the Company terminated the Prior Credit Agreement and repaid all amounts outstanding thereunder. Debt extinguishment costs related to the termination of the Prior Credit Agreement of $17 million were expensed in Other expense (income), net in the Condensed Consolidated Statement of Earnings (Loss) during the nine months ended March 31, 2023. Bridge Loan Commitment Subject to the terms of an amended and restated commitment letter entered into in connection with Coherent entering into the Merger Agreement to complete its acquisition of Coherent, Inc. (the “Merger”), the commitment parties thereto committed to provide, in addition to the Term Facilities and the Revolving Credit Facility, a senior unsecured bridge loan facility in an aggregate principal amount of $990 million (the “Bridge Loan Commitment”). As a result of the issuance of the Senior Notes, the Bridge Loan Commitment was terminated. During the nine months ended March 31, 2023, the Company incurred expenses of $18 million, related to the termination of the Bridge Loan Commitment, which is included in Other expense (income) in the Condensed Consolidated Statement of Earnings (Loss). Debt Assumed through Acquisition We assumed the remaining balances of three term loans with the closing of the Merger. The aggregate principal amount outstanding is $21 million as of March 31, 2024. The term loans assumed consisted of the following: (i) 1.3% Term Loan due 2024, (ii) 1.0% State of Connecticut Term Loan due 2023 (and repaid prior to June 30, 2023), and (iii) Facility construction loan in Germany due 2030. For the Facility construction loan, on December 21, 2020, Coherent LaserSystems GmbH & Co. KG entered into a loan agreement with Commerzbank for borrowings of up to 24 million Euros, which were drawn down by October 29, 2021, to finance a portion of the construction of a new facility in Germany. The term of the loan is 10 years, and borrowings bear interest at 1.55% per annum. Payments are made quarterly. 5.000% Senior Notes due 2029 On December 10, 2021, the Company issued $990 million aggregate principal amount of Senior Notes pursuant to the indenture, dated as of December 10, 2021 (the “Indenture”), between the Company and U.S. Bank National Association, as trustee. The Senior Notes are guaranteed by each of the Company’s domestic subsidiaries that guarantee its obligations under the Senior Credit Facilities. Interest on the Senior Notes is payable on December 15 and June 15 of each year, commencing on June 15, 2022, at a rate of 5.000% per annum. The Senior Notes will mature on December 15, 2029 . On or after December 15, 2024, the Company may redeem the Senior Notes, in whole at any time or in part from time to time, at the redemption prices set forth in the Indenture, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. In addition, at any time prior to December 15, 2024, the Company may redeem the Senior Notes, at its option, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the Senior Notes redeemed, plus a “make-whole” premium set forth in the Indenture, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. Notwithstanding the foregoing, at any time and from time to time prior to December 15, 2024, the Company may redeem up to 40% of the aggregate principal amount of the Senior Notes using the proceeds of certain equity offerings as set forth in the Indenture, at a redemption price equal to 105.000% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. In relation to the Senior Notes, the Company incurred interest expense of $13 million and $38 million in the three and nine months ended March 31, 2024, respectively, and $13 million and $38 million in the three and nine months ended March 31, 2023, respectively, which is included in interest expense in the Condensed Consolidated Statements of Earnings (Loss). The Indenture contains customary covenants and events of default, including default relating to, among other things, payment default, failure to comply with covenants or agreements contained in the Indenture or the Senior Notes and certain provisions related to bankruptcy events. As of March 31, 2024, the Company was in compliance with all covenants under the Indenture. Aggregate Availability The Company had aggregate availability of $346 million under its Revolving Credit Facility as of March 31, 2024.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s year-to-date effective income tax rate was 29% at March 31, 2024 compared to 33% for the period ending March 31, 2023. The difference between the Company’s effective tax rate and the U.S. statutory rate of 21% were due to tax rate differentials between U.S. and foreign jurisdictions. U.S. GAAP prescribes the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements which includes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As of March 31, 2024 and June 30, 2023, the Company’s gross unrecognized income tax benefit, excluding interest and penalties, was $115 million. The Company has classified the uncertain tax positions as non-current income tax liabilities, as the amounts are not expected to be paid within one year. If recognized, $91 million of the gross unrecognized tax benefits at March 31, 2024 would impact the effective tax rate. The Company recognizes interest and penalties related to uncertain tax positions in the income tax provision in the Condensed Consolidated Statements of Earnings (Loss). The amount of accrued interest and penalties included in the gross unrecognized income tax benefit was $7 million and $6 million at March 31, 2024 and June 30, 2023, respectively. Fiscal years 2018 and 2020 to 2023 remain open to examination by the Internal Revenue Service, fiscal years 2019 to 2023 remain open to examination by certain state jurisdictions, and fiscal years 2012 to 2023 remain open to examination by certain foreign taxing jurisdictions. The Company is currently under examination for certain subsidiary companies in Vietnam for the years ended June 30, 2017 through September 30, 2021; Singapore for the year ended September 30, 2020; Korea for the year ended September 30, 2021; Spain for the years ended September 30, 2020 through September 30, 2022; and Germany for the years ended June 30, 2012 through September 30, 2020. The Company believes its income tax reserves for these tax matters are adequate.

Leases

Leases	9 Months Ended
Leases	Mar. 31, 2024
Leases [Abstract]
Leases	Leases We determine if an arrangement is a lease at inception for arrangements with an initial term of more than 12 months, and classify it as either finance or operating. Finance leases are generally those that allow us to substantially utilize or pay for the entire asset over its estimated useful life. Finance lease assets are recorded in Property, plant and equipment, net, and finance lease liabilities within Other accrued liabilities and Other liabilities on our Condensed Consolidated Balance Sheets. Finance lease assets are amortized in operating expenses on a straight-line basis over the shorter of the estimated useful lives of the assets or the lease term, with the interest component for lease liabilities included in interest expense and recognized using the effective interest method over the lease term. Operating leases are recorded in Other assets and Operating lease liabilities, current and non-current on our Condensed Consolidated Balance Sheets. Operating lease assets are amortized on a straight-line basis in operating expenses over the lease term. Our lease liabilities are recognized based on the present value of the remaining fixed lease payments, over the lease term, using a discount rate of similarly secured borrowings available to the Company. For the purpose of lease liability measurement, we consider only payments that are fixed and determinable at the time of commencement. Any variable payments that depend on an index or rate are expensed as incurred. We account for non-lease components, such as common area maintenance, as a component of the lease, and includes it in the initial measurement of our leased assets and corresponding liabilities. Our lease terms and conditions may include options to extend or terminate. An option is recognized when it is reasonably certain that we will exercise that option. Our lease assets also include any lease payments made, and exclude any lease incentives received prior to commencement. Our lease assets are tested for impairment in the same manner as long-lived assets used in operations. The following table presents lease costs, which include leases for arrangements with an initial term of more than 12 months, lease term, and discount rates ($000): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Finance lease cost Amortization of right-of-use assets $ 417 $ 1,250 Interest on lease liabilities — — Total finance lease cost 417 1,250 Operating lease cost 12,830 38,539 Total lease cost $ 13,247 $ 39,789 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ 257 $ 789 Operating cash flows from operating leases 12,293 36,834 Financing cash flows from finance leases 408 1,171 Weighted-Average Remaining Lease Term (in Years) Finance leases 7.8 Operating leases 6.2 Weighted-Average Discount Rate Finance leases 5.6 % Operating leases 6.4 % Three Months Ended Nine Months Ended March 31, 2023 Finance lease cost Amortization of right-of-use assets $ 417 $ 1,250 Interest on lease liabilities 279 851 Total finance lease cost 696 2,101 Operating lease cost 13,324 39,817 Total lease cost $ 14,020 $ 41,918 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ 279 $ 851 Operating cash flows from operating leases 12,578 37,843 Financing cash flows from finance leases 369 1,056
Leases	Leases We determine if an arrangement is a lease at inception for arrangements with an initial term of more than 12 months, and classify it as either finance or operating. Finance leases are generally those that allow us to substantially utilize or pay for the entire asset over its estimated useful life. Finance lease assets are recorded in Property, plant and equipment, net, and finance lease liabilities within Other accrued liabilities and Other liabilities on our Condensed Consolidated Balance Sheets. Finance lease assets are amortized in operating expenses on a straight-line basis over the shorter of the estimated useful lives of the assets or the lease term, with the interest component for lease liabilities included in interest expense and recognized using the effective interest method over the lease term. Operating leases are recorded in Other assets and Operating lease liabilities, current and non-current on our Condensed Consolidated Balance Sheets. Operating lease assets are amortized on a straight-line basis in operating expenses over the lease term. Our lease liabilities are recognized based on the present value of the remaining fixed lease payments, over the lease term, using a discount rate of similarly secured borrowings available to the Company. For the purpose of lease liability measurement, we consider only payments that are fixed and determinable at the time of commencement. Any variable payments that depend on an index or rate are expensed as incurred. We account for non-lease components, such as common area maintenance, as a component of the lease, and includes it in the initial measurement of our leased assets and corresponding liabilities. Our lease terms and conditions may include options to extend or terminate. An option is recognized when it is reasonably certain that we will exercise that option. Our lease assets also include any lease payments made, and exclude any lease incentives received prior to commencement. Our lease assets are tested for impairment in the same manner as long-lived assets used in operations. The following table presents lease costs, which include leases for arrangements with an initial term of more than 12 months, lease term, and discount rates ($000): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Finance lease cost Amortization of right-of-use assets $ 417 $ 1,250 Interest on lease liabilities — — Total finance lease cost 417 1,250 Operating lease cost 12,830 38,539 Total lease cost $ 13,247 $ 39,789 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ 257 $ 789 Operating cash flows from operating leases 12,293 36,834 Financing cash flows from finance leases 408 1,171 Weighted-Average Remaining Lease Term (in Years) Finance leases 7.8 Operating leases 6.2 Weighted-Average Discount Rate Finance leases 5.6 % Operating leases 6.4 % Three Months Ended Nine Months Ended March 31, 2023 Finance lease cost Amortization of right-of-use assets $ 417 $ 1,250 Interest on lease liabilities 279 851 Total finance lease cost 696 2,101 Operating lease cost 13,324 39,817 Total lease cost $ 14,020 $ 41,918 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ 279 $ 851 Operating cash flows from operating leases 12,578 37,843 Financing cash flows from finance leases 369 1,056

Equity and Redeemable Preferred

Equity and Redeemable Preferred Stock	9 Months Ended
Equity and Redeemable Preferred Stock	Mar. 31, 2024
Equity [Abstract]
Equity and Redeemable Preferred Stock	Equity and Redeemable Preferred Stock As of March 31, 2024, the Company’s amended and restated articles of incorporation authorize our board of directors, without the approval of our shareholders, to issue 5 million shares of our preferred stock. As of March 31, 2024, 2.3 million shares of mandatory preferred convertible shares have been authorized, none are outstanding; 75,000 shares of Series B-1 convertible preferred stock, no par value, have been issued and are outstanding; and 140,000 shares of Series B-2 convertible preferred stock, no par value, have been issued and are outstanding. Mandatory Convertible Preferred Stock In July 2020, the Company issued 2.3 million shares of Mandatory Convertible Preferred Stock. All outstanding shares of Mandatory Convertible Preferred Stock were converted to 10,240,290 shares of Company Common Stock on July 3, 2023, at a conversion ratio of 4.4523, and no shares of Mandatory Convertible Preferred Stock are currently issued and outstanding. Preferred dividends are presented as a reduction to Retained earnings on the Condensed Consolidated Balance Sheets. The following table presents dividends per share and dividends recognized: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Dividends per share $ — $ 3.00 $ — $ 9.00 Mandatory Convertible Preferred Stock dividends ($000) — 6,900 — 27,000 Series B-1 Convertible Preferred Stock In March 2021, the Company issued 75,000 shares of Series B-1 Convertible Preferred Stock, no par value per share (“Series B-1 Preferred Stock”), for $10,000 per share, resulting in an aggregate purchase price of $750 million. The shares of Series B-1 Preferred Stock are convertible into shares of Coherent Common Stock as follows: • at the election of the holder, at an initial conversion price of $85 per share (as it may be adjusted from time to time, the “Conversion Price”) upon the delivery by Coherent to the holders of the Series B-1 Preferred Stock of an offer to repurchase the Series B-1 Preferred Stock upon the occurrence of a Fundamental Change (as defined in the Statement with Respect to Shares establishing the Series B Preferred Stock as defined below); and • at the election of the Company, any time following March 31, 2024, at the then-applicable Conversion Price if the volume-weighted average price of Coherent Common Stock exceeds 150% of the then-applicable Conversion Price for 20 trading days out of any 30 consecutive trading days. The issued shares of Series B-1 Preferred Stock currently have voting rights, voting as one class with the Coherent Common Stock and the Series B-2 Preferred Stock (as defined below), on an as-converted basis, subject to limited exceptions. On or at any time after March 31, 2031: • each holder has the right to require the Company to redeem all of their Coherent Series B-1 Preferred Stock, for cash, at a redemption price per share equal to the sum of the Stated Value (as defined in the Statement with Respect to Shares establishing the Series B Preferred Stock) for such shares plus an amount equal to all accrued or declared and unpaid dividends on such shares that had not previously been added to the Stated Value (such price the “Redemption Price,” and such right the “Put Right”); and • the Company has the right to redeem, in whole or in part, on a pro rata basis from all holders based on the aggregate number of shares of Series B-1 Preferred Stock outstanding, for cash, at the Redemption Price. In connection with any Fundamental Change (as defined in the Statement with Respect to Shares establishing the Series B Preferred Stock), and subject to the procedures set forth in the Statement with Respect to Shares establishing the Series B Preferred Stock, the Company must, or will cause the survivor of a Fundamental Change to, make an offer to repurchase, at the option and election of the holder thereof, each share of Series B-1 Preferred Stock then-outstanding at a purchase price per share in cash equal to (i) the Stated Value for such shares plus an amount equal to all accrued or declared and unpaid dividends on such shares that had not previously been added to the Stated Value as of the date of repurchase plus (ii) if prior to March 31, 2026, the aggregate amount of all dividends that would have been paid (subject to certain exceptions), from the date of repurchase through March 31, 2026. If the Company defaults on a payment obligation with respect to the Series B-1 Preferred Stock and such default is not cured within 30 days, the dividend rate will increase to 8% per annum and will be increased by an additional 2% per annum each quarter the Company remains in default, not to exceed 14% per annum. The Series B-1 Preferred Stock is redeemable for cash outside of the control of the Company upon the exercise of the Put Right, and upon a Fundamental Change, and is therefore classified as mezzanine equity. The Series B-1 Preferred Stock is initially measured at fair value less issuance costs, accreted to its redemption value over a 10-year period (using the effective interest method) with such accretion accounted for as deemed dividends and reductions to Net Earnings (Loss) Available to Common Shareholders. Series B-2 Convertible Preferred Stock On July 1, 2022, the Company issued 140,000 shares of Series B-2 Convertible Preferred Stock, no par value per share (“Series B-2 Preferred Stock” and, together with the Series B-1 Preferred Stock, the “Series B Preferred Stock”), for $10,000 per share and an aggregate purchase price of $1.4 billion. The shares of Series B-2 Preferred Stock are convertible into shares of Coherent Common Stock as follows: • at the election of the holder the Conversion Price upon the delivery by Coherent to the holders of the Series B-2 Preferred Stock of an offer to repurchase the Coherent Series B-2 Convertible Preferred Stock upon the occurrence of a Fundamental Change (as defined in the Statement with Respect to Shares establishing the Series B Preferred Stock); and • at the election of the Company, any time following July 1, 2025 at the then-applicable Conversion Price if the volume-weighted average price of Coherent Common Stock exceeds 150% of the then-applicable Conversion Price for 20 trading days out of any 30 consecutive trading days. The issued shares of Series B-2 Convertible Preferred Stock currently have voting rights, voting as one class with the Coherent Common Stock and the Series B-1 Preferred Stock, on an as-converted basis, subject to limited exceptions. On or at any time after July 1, 2032: • each holder has the right to require the Company to redeem all of their Series B-2 Preferred Stock, for cash, at a redemption price per share equal to the sum of the Stated Value for such shares (as defined in the Statement with Respect to Shares establishing the Series B Preferred Stock) plus an amount equal to all accrued or declared and unpaid dividends on such shares that had not previously been added to the Stated Value (such price the “Redemption Price,” and such right the “Put Right”); and • the Company has the right to redeem, in whole or in part, on a pro rata basis from all holders based on the aggregate number of shares of Series B-2 Preferred Stock outstanding, for cash, at the Redemption Price. In connection with any Fundamental Change, and subject to the procedures set forth in the Statement with Respect to Shares establishing the Series B Preferred Stock, the Company must, or will cause the survivor of a Fundamental Change to, make an offer to repurchase, at the option and election of the holder thereof, each share of Series B-2 Preferred Stock then-outstanding at a purchase price per share in cash equal to (i) the Stated Value for such shares plus an amount equal to all accrued or declared and unpaid dividends on such shares that had not previously been added to the Stated Value as of the date of repurchase plus (ii) if prior to July 1, 2027, the aggregate amount of all dividends that would have been paid (subject to certain exceptions), from the date of repurchase through July 1, 2027. If the Company defaults on a payment obligation with respect to the Series B-2 Preferred Stock and such default is not cured within 30 days, the dividend rate will increase to 8% per annum and will be increased by an additional 2% per annum each quarter the Company remains in default, not to exceed 14% per annum. The Series B-2 Preferred Stock is redeemable for cash outside of the control of the Company upon the exercise of the Put Right, and upon a Fundamental Change, and is therefore classified as mezzanine equity. The Series B-2 Preferred Stock is initially measured at fair value less issuance costs, accreted to its redemption value over a 10-year period (using the effective interest method) with such accretion accounted for as deemed dividends and reductions to Net Earnings (Loss) Available to Common Shareholders. Preferred stock dividends are presented as a reduction to retained earnings on the Condensed Consolidated Balance Sheets. The following table presents dividends per share and dividends recognized: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Dividends per share $ 145 $ 136 $ 428 $ 404 Dividends ($000) 29,810 27,969 87,919 83,267 Deemed dividends ($000) 1,383 1,202 4,027 3,570

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
Noncontrolling Interests	Mar. 31, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests On December 4, 2023, Silicon Carbide LLC (“Silicon Carbide”), one of the Company’s subsidiaries, completed (i) the sale of 16,666,667 Class A Common Units to Denso Corporation (“Denso”) for $500,000,000 pursuant to an Investment Agreement, dated as of October 10, 2023, by and between Silicon Carbide and Denso and (ii) the sale of 16,666,667 Class A Common Units to Mitsubishi Electric Corporation (“MELCO”) for $500,000,000 pursuant to an Investment Agreement, dated as of October 10, 2023, by and between Silicon Carbide and MELCO (collectively, the “Equity Investments”). As a consequence of the Equity Investments, the Company’s ownership interest in the Class A Common Units of Silicon Carbide LLC was reduced to approximately 75%. Denso and MELCO each, individually, own approximately 12.5% of the Class A Common Units of Silicon Carbide. The Equity Investments in Silicon Carbide enables Coherent to increase its available free cash flow to provide greater financial and operational flexibility to execute its capital allocation priorities, as the aggregate $1 billion investment, net of transaction costs, will be used to fund future capital expansion of Silicon Carbide. The following table presents the activity in noncontrolling interests in the Company's Silicon Carbide subsidiary, as discussed above ($000s). Nine Months Ended March 31, 2024 Beginning balance $ — Sale of shares to noncontrolling interests 373,573 Share of foreign currency translation adjustments 771 Net loss (4,027) Ending balance $ 370,317

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
Earnings (Loss) Per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per common share is computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings (loss) per common share is computed by dividing the diluted earnings (loss) available to common shareholders by the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. For the three and nine months ended March 31, 2024 and March 31, 2023, as the Company was in a net loss position, there were no dilutive shares. Potentially dilutive shares whose effect would have been anti-dilutive are excluded from the computation of diluted earnings (loss) per common share. For the three and nine months ended March 31, 2024, diluted earnings (loss) per share excluded the potentially dilutive effect of the performance and restricted shares, calculated based on the average stock price for each fiscal period, using the treasury stock method, as well as the shares of Coherent Common Stock issuable upon conversion of the Series B Convertible Preferred Stock (under the If-Converted method), as their effects were anti-dilutive. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share computations (000, except per share data): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator Net loss attributable to Coherent Corp. $ (13,187) $ 2,546 $ (107,712) $ (81,224) Deduct Series A preferred stock dividends — (6,900) — (20,700) Deduct Series B dividends and deemed dividends (31,193) (29,171) (91,946) (86,837) Basic loss available to common shareholders $ (44,380) $ (33,525) $ (199,658) $ (188,761) Diluted loss available to common shareholders $ (44,380) $ (33,525) $ (199,658) $ (188,761) Denominator Diluted weighted average common shares 152,138 139,113 151,341 136,990 Basic loss per common share $ (0.29) $ (0.24) $ (1.32) $ (1.38) Diluted loss per common share $ (0.29) $ (0.24) $ (1.32) $ (1.38) The following table presents potential shares of common stock excluded from the calculation of diluted net earnings (loss) per share, as their effect would have been anti-dilutive (000): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Common stock equivalents 3,546 2,416 2,613 2,334 Convertible Notes — — — 1,491 Series A Mandatory Convertible Preferred Stock — 10,697 — 10,331 Series B Convertible Preferred Stock 27,862 26,511 27,518 26,185 Total anti-dilutive shares 31,408 39,624 30,131 40,341

Segment Reporting

Segment Reporting	9 Months Ended
Segment Reporting	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company reports its business segments using the “management approach” model for segment reporting. This means that we determine our reportable business segments based on the way the chief operating decision-maker organizes business segments within the Company for making operating decisions and assessing financial performance. We report our financial results in the following three segments: (i) Networking, (ii) Materials, and (iii) Lasers. Our chief operating decision maker receives and reviews financial information based on these three segments. We evaluate business segment performance based upon segment operating income, which is defined as earnings before income taxes, interest and other income or expense. The segments are managed separately due to the market, production requirements and facilities unique to each segment. The accounting policies are consistent across each segment. To the extent possible, our corporate expenses and assets are allocated to the segments. The following tables summarize selected financial information of our operations by segment ($000): Three Months Ended March 31, 2024 Networking Materials Lasers Unallocated Total Revenues $ 618,824 $ 238,982 $ 351,003 $ — $ 1,208,809 Inter-segment revenues 10,892 132,177 1,513 (144,582) — Operating income (loss) 58,166 8,220 (44,081) — 22,305 Interest expense — — — — (72,753) Other income (expense), net — — — — 18,597 Income tax benefit — — — — 16,121 Net loss — — — — (15,730) Net loss attributable to Coherent Corp. — — — — (13,187) Depreciation and amortization 40,573 26,508 72,654 — 139,735 Expenditures for property, plant & equipment 20,884 61,119 11,239 — 93,242 Segment assets 3,497,693 3,028,652 7,994,067 — 14,520,412 Goodwill 1,036,661 247,919 3,208,645 — 4,493,225 Three Months Ended March 31, 2023 Networking Materials Lasers Unallocated Total Revenues $ 551,099 $ 323,769 $ 365,326 $ — $ 1,240,194 Inter-segment revenues 17,759 96,604 317 (114,680) — Operating income (loss) 49,476 67,826 (49,914) — 67,388 Interest expense — — — — (75,183) Other income (expense), net — — — — 3,048 Income tax benefit — — — — 7,293 Net earnings — — — — 2,546 Depreciation and amortization 41,369 29,242 90,330 — 160,941 Expenditures for property, plant & equipment 6,441 78,666 12,038 — 97,145 Segment assets 3,435,816 2,275,614 8,406,202 — 14,117,632 Goodwill 1,012,006 273,341 3,219,790 — 4,505,137 Nine Months Ended March 31, 2024 Networking Materials Lasers Unallocated Total Revenues $ 1,615,908 $ 737,300 $ 1,040,118 $ — $ 3,393,326 Inter-segment revenues 33,758 315,961 3,357 (353,076) — Operating income (loss) 121,971 25,173 (114,262) — 32,882 Interest expense — — — — (220,689) Other income (expense), net — — — — 30,252 Income tax benefit — — — — 45,816 Net loss — — — — (111,739) Net loss attributable to Coherent Corp. — — — — (107,712) Depreciation and amortization 121,780 77,205 217,128 — 416,113 Expenditures for property, plant & equipment 74,751 156,142 16,016 — 246,909 Nine Months Ended March 31, 2023 Networking Materials Lasers Unallocated Total Revenues $ 1,756,327 $ 1,061,809 $ 1,136,913 $ — $ 3,955,049 Inter-segment revenues 54,129 277,502 1,400 (333,031) — Operating income (loss) 230,497 224,633 (337,020) — 118,110 Interest expense — — — — (207,976) Other income (expense), net — — — — (32,253) Income taxes — — — — 40,895 Net loss — — — — (81,224) Depreciation and amortization 124,384 83,804 269,948 — 478,136 Expenditures for property, plant & equipment 80,654 215,038 47,307 — 342,999

Share-Based Compensation

Share-Based Compensation	9 Months Ended
Share-Based Compensation	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Stock Award Plans The Company’s Board of Directors amended the Coherent Corp. 2018 Omnibus Incentive Plan, which originally was approved by the Company's shareholders at the Annual Meeting in November 2018, as the Coherent Corp. Omnibus Incentive Plan (as amended and restated, the “Plan”). The Plan was approved at the Annual Meeting in November 2023. The Plan provides for the grant of stock options, stock appreciation rights, restricted shares, restricted share units, deferred shares, performance shares and performance share units to employees, officers and directors of the Company. The maximum number of shares of Coherent Common Stock authorized for issuance under the Plan is limited to 13,450,000 shares of Coherent Common Stock, not including any remaining shares forfeited under the predecessor plans that may be rolled into the Plan. Certain awards under the Plan have certain vesting provisions predicated upon the death, retirement or disability of the grantee. On the Closing Date, the Company assumed the Coherent, Inc. Equity Incentive Plan (“Legacy Coherent Plan”) and the Legacy Coherent unvested restricted stock units (“Converted RSUs”) that are generally subject to the same terms and conditions that applied to the Converted RSUs immediately prior to the Closing Date. After the Closing Date, the Company granted restricted stock units under the Legacy Coherent Plan through August 28, 2023. The Legacy Coherent Plan was terminated upon adoption of the Plan in November 2023. No additional awards will be granted under the Coherent Legacy Plan. The Company has an Employee Stock Purchase Plan whereby eligible employees may authorize payroll deductions of up to 10%, or such other percentage up to 15% that the Company determines, of their regular base salary to purchase shares at the lower of 85% of the fair market value of the common stock on the date of commencement of the offering or on the last day of the six-month offering period. Share-based compensation expense for the periods indicated was as follows ($000): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock Options and Cash-Based Stock Appreciation Rights $ 1,078 $ 767 $ 824 $ 927 Restricted Share Awards and Cash-Based Restricted Share Unit Awards 20,050 29,533 72,038 103,003 Performance Share Awards and Cash-Based Performance Share Unit Awards 2,781 2,936 16,611 13,267 Employee Stock Purchase Plan 2,504 1,839 8,716 5,998 $ 26,413 $ 35,075 $ 98,189 $ 123,195

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The FASB defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous markets for the asset and liability in an orderly transaction between market participants at the measurement date. We estimate fair value of our financial instruments utilizing an established three-level hierarchy in accordance with U.S. GAAP. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: • Level 1 – Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. • Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments. • Level 3 – Valuation is based upon other unobservable inputs that are significant to the fair value measurements. The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement. We entered into an interest rate swap with a notional amount of $1,075 million to limit the exposure to our variable interest rate debt by effectively converting it to a fixed interest rate. Through February 28, 2023, we received payments based on the one-month LIBOR and made payments based on a fixed rate of 1.52%. We received payments with a floor of 0.00%. The interest rate swap agreement had an effective date of November 24, 2019, with an expiration date of September 24, 2024. The initial notional amount of the interest rate swap decreased to $825 million in June 2022, and will remain at that amount through the expiration date. On March 20, 2023, we amended our $825 million interest rate swap (“Amended Swap”), effective as of February 28, 2023, to replace the current reference rate (LIBOR) with SOFR, to be consistent with Amendment No. 1 to the Credit Agreement. See Note 7. Debt for further information. Under the Amended Swap, we receive payments based on the one-month SOFR and make payments based on a fixed rate of 1.42%. We receive payments with a floor of 0.10%. We designated this instrument as a cash flow hedge, and deemed the hedge relationship effective at inception of the contract and the amended contract. The fair value of the interest rate swap of $15 million and $37 million is recognized in the Condensed Consolidated Balance Sheet within prepaid and other current assets On February 23, 2022, we entered into an interest rate cap (the “Cap”) with an effective date of July 1, 2023. On March 20, 2023, we amended the Cap to replace the current reference rate (LIBOR) with SOFR, to be consistent with Amendment No. 1 to the Credit Agreement. See Note 7. Debt for further information. The Cap manages our exposure to interest rate movements on a portion of our floating rate debt. The Cap provides us with the right to receive payment if one-month SOFR exceeds 1.92%. Beginning in July 2023, we began to pay a fixed monthly premium based on an annual rate of 0.853% for the Cap. The Cap will carry a notional amount ranging from $500 million to $1,500 million. The fair value of the interest rate cap of $46 million and $46 million is recognized in the Condensed Consolidated Balance Sheet within prepaid and other current assets and other assets The Cap, as amended, is designed to mirror the terms of the Credit Agreement as amended on March 31, 2023. We designated the Cap as a cash flow hedge of the variability of the SOFR based interest payments on the Term Facilities. Every period over the life of the hedging relationship, the entire change in fair value related to the hedging instrument will first be recorded within accumulated other comprehensive income (loss). Amounts accumulated in accumulated other comprehensive income (loss) are reclassified into interest expense in the same period or periods in which interest expense is recognized on the Credit Agreement, or its direct replacement. The fair value of the Cap is determined using widely accepted valuation techniques and reflects the contractual terms of the Cap including the period to maturity, and while there are no quoted prices in active markets, it uses observable market-based inputs, including interest rate curves. The fair value analysis also considers a credit valuation adjustment to reflect nonperformance risk of both the Company and the single counterparty. The Cap is classified as a Level 2 item within the fair value hierarchy. We estimated the fair value of the Senior Notes based on quoted market prices as of the last trading day prior to March 31, 2024; however, the Senior Notes have only a limited trading volume and as such this fair value estimate is not necessarily the value at which the Senior Notes could be retired or transferred. We concluded that this fair value measurement should be categorized within Level 2. The carrying value of the Senior Notes is net of unamortized discount and issuance costs. See Note 7. Debt for details on our debt facilities. The fair value and carrying value of the Senior Notes were as follows ($000): March 31, 2024 June 30, 2023 Fair Value Carrying Value Fair Value Carrying Value Senior Notes $ 933,768 $ 983,827 $ 895,950 $ 983,137 Our borrowings, including our lease obligations and the Senior Notes, are considered Level 2 among the fair value hierarchy and their principal amounts approximate fair value. Cash and cash equivalents are considered Level 1 among the fair value hierarchy and approximate fair value. At March 31, 2024, total restricted cash of $894 million includes $889 million of cash in Silicon Carbide LLC that is restricted for use only by that subsidiary and $5 million of cash restricted for other purposes in other entities. At June 30, 2023, total restricted cash of $16 million consisted of cash restricted for other purposes in other entities. The restricted cash is invested in money market accounts and time deposits, with maturities of one year or less, that are held-to-maturity, are considered Level 1 among the fair value hierarchy and approximate fair value. Restricted cash that is expected to be spent and released from restriction after 12 months is classified as non-current on the Condensed Consolidated Balance Sheets. We, from time to time, purchase foreign currency forward exchange contracts that permit us to sell specified amounts of these foreign currencies for pre-established U.S. dollar amounts at specified dates that represent assets or liabilities on the balance sheets of certain subsidiaries. These contracts are entered into for the purpose of limiting translational exposure to changes in currency exchange rates and which otherwise would expose our earnings, on the revaluation of our aggregate net assets or liabilities in respective currencies, to foreign currency risk. At March 31, 2024, we had foreign currency forward contracts recorded at fair value. The fair values of these instruments were measured using valuations based upon quoted prices for similar assets and liabilities in active markets (Level 2) and are valued by reference to similar financial instruments, adjusted for credit risk and restrictions and other terms specific to the contracts. Realized losses related to these contracts for the three and nine months ended March 31, 2024 were $12 million and $9 million, respectively, and the three and nine months ended March 31, 2023 were $0 million and $5 million, respectively, and were included in other expense (income), net in the Condensed Consolidated Statements of Earnings (Loss).

Share Repurchase Programs

Share Repurchase Programs	9 Months Ended
Share Repurchase Programs	Mar. 31, 2024
Equity [Abstract]
Share Repurchase Programs	Share Repurchase Programs In August 2014, the Company’s Board of Directors authorized the Company to purchase up to $50 million of its common stock through a share repurchase program (the “Program”) that calls for shares to be purchased in the open market or in private transactions from time to time. The Program has no expiration and may be suspended or discontinued at any time. We did not repurchase any shares pursuant to this Program during the quarter ended March 31, 2024. As of February 21, 2024, we had cumulatively purchased 1,416,587 shares of Coherent common stock pursuant to the Program for approximately $22 million. On February 21, 2024, the Company’s Board of Directors terminated the Program and any remaining amount authorized for the repurchase of shares.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
Accumulated Other Comprehensive Income	Mar. 31, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax, for the nine months ended March 31, 2024 were as follows ($000): Foreign Interest Interest Defined Total AOCI - June 30, 2023 $ 53,355 $ 19,484 $ 36,628 $ 259 $ 109,726 Other comprehensive income (loss) before reclassifications (28,656) 7,248 9,128 824 (11,456) Amounts reclassified from AOCI — (24,282) (9,507) — (33,789) Net current-period other comprehensive income (loss) (28,656) (17,034) (379) 824 (45,245) Reclass related to sale of shares to noncontrolling interests 2,871 — — — 2,871 AOCI - March 31, 2024 $ 27,570 $ 2,450 $ 36,249 $ 1,083 $ 67,352

Restructuring and Synergy and S

Restructuring and Synergy and Site Consolidation Plans	9 Months Ended
Restructuring and Synergy and Site Consolidation Plans	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Synergy and Site Consolidation Plans	Restructuring and Synergy and Site Consolidation Plans Restructuring Plan On May 23, 2023, the Board of Directors approved the Company’s May 2023 Restructuring Plan which includes site consolidations, facilities moves and closures, as well as the relocation and requalification of certain manufacturing facilities. These restructuring actions are expected to be accompanied by other cost reductions, and are intended to realign our cost structure as part of a transformation to a simpler, more streamlined, resilient and sustainable business model. We evaluate restructuring charges in accordance with ASC 420, Exit or Disposal Cost Obligations (ASC 420), and ASC 712, Compensation-Nonretirement Post-Employment Benefits (ASC 712). In the three months ended March 31, 2024, these activities resulted in $12 million of charges primarily for employee termination costs, acceleration of depreciation and the write-off of property and equipment . In the nine months ended March 31, 2024, these activities resulted in $13 million of charges primarily for acceleration of depreciation, employee termination costs and write-off of property and equipment, as well as site move costs and travel costs. In fiscal 2023, these activities resulted in $119 million of charges primarily for employee termination costs and the write-off of property and equipment, net of $65 million from reimbursement arrangements. We expect the restructuring actions to be substantially completed by the end of fiscal 2025. However, the actual timing and costs associated with these restructuring actions may differ from our current expectations and estimates and such differences may be material. The following table presents our current and non-current liability as accrued for restructuring charges on our Condensed Consolidated Balance Sheets. The table sets forth an analysis of the components of the restructuring charges and payments and other deductions made against the accrual for the first two quarters in fiscal 2024 ($000): Severance Asset Write-Offs Other Total Accrual Balance - June 30, 2023 $ 64,379 $ — $ — $ 64,379 Restructuring charges 2,050 269 699 3,018 Payments (7,930) — — (7,930) Asset write-offs and other — (269) (699) (968) Balance - September 30, 2023 58,499 — — 58,499 Restructuring charges (recoveries) (4,848) 54 3,224 (1,570) Payments (2,103) — — (2,103) Asset write-offs and other — (54) (3,224) (3,278) Balance - December 31, 2023 51,548 — — 51,548 Restructuring charges (recoveries) 5,232 1,593 4,705 11,530 Payments (3,358) — — (3,358) Asset write-offs and other — (1,593) (4,705) (6,298) Balance - March 31, 2024 $ 53,422 $ — $ — $ 53,422 At March 31, 2024, $19 million and $35 million of accrued severance related costs were included in other accrued liabilities and other liabilities, respectively, and are expected to result in cash expenditures through fiscal 2028. The current year severance related costs are primarily comprised of severance pay for employees being terminated due to the consolidation of certain manufacturing sites, with severance recorded in accordance with ASC 712. By segment, for the three and nine months ended March 31, 2024, $8 million and $15 million, respectively, of restructuring costs were incurred in the Materials segment, and $4 million and $4 million, respectively, of restructuring costs were incurred in the Lasers segment, partially offset by no and $5 million, respectively, of restructuring recoveries in the Networking segment. Restructuring charges and recoveries are recorded in Restructuring Charges in our Condensed Consolidated Statements of Earnings (Loss). Synergy and Site Consolidation Plan On May 20, 2023, the Company announced that it has accelerated some of the actions planned as part of its multi-year synergy and site consolidation efforts following the acquisition of Coherent, Inc., including site consolidations and relocations to lower cost sites. These relocations and other actions are expected to result in the Company achieving its previously announced $250 million synergy plan, which includes savings from supply chain management, internal supply of enabling materials and components, operational efficiencies in all functions due to scale, global functional model efficiencies and consolidation of corporate costs. We evaluate severance and other site consolidation costs in accordance with ASC 420 and ASC 712. In the three and nine months ended March 31, 2024, the acceleration of these activities resulted in $13 million and $29 million, respectively, of charges primarily for overlapping labor related to transition of manufacturing operations to other sites, shut down costs, accelerated depreciation, and employee termination costs. In fiscal 2023, the acceleration of these activities resulted in $20 million of charges primarily for employee termination costs, the write-off of inventory for products that are end of life and shut down costs. At March 31, 2024, $6 million and $6 million of accrued severance related costs were included in Other accrued liabilities and Other liabilities, respectively, and are expected to result in cash expenditures through fiscal 2025. The current year severance related costs are primarily comprised of severance pay for employees being terminated due to the exit or consolidation of certain manufacturing sites. For the three and nine months ended March 31, 2024, the $13 million and $29 million, respectively, of synergy and site consolidation costs were incurred in the Lasers segment. Costs related to the synergy and site consolidation efforts are recorded in Cost of goods sold ($9 million and $21 million), IR&D ($3 million and $7 million) and SG&A ($1 million and $1 million) in the three and nine months ended March 31, 2024, respectively, in our Condensed Consolidated Statements of Earnings (Loss).

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net loss attributable to Coherent Corp.	$ (13,187)	$ 2,546	$ (107,712)	$ (81,224)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Recently Issued Financial Acc_2

Recently Issued Financial Accounting Standards (Policies)	9 Months Ended
Recently Issued Financial Accounting Standards (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Reclassification	Certain prior year amounts have been reclassified for consistency with the current year presentation.
Noncontrolling Interests	Noncontrolling Interests
Recently Issued Financial Accounting Standards	In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is evaluating the impact this will have on the Company’s condensed consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, on either a prospective or retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-09 on its consolidated financial statements and related disclosures. In March 2024, the SEC issued the final rule under SEC Release No. 33-11275 and 34-99678, “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” requiring public companies to provide certain climate-related information in their registration statements and annual reports. The final rules will require information about a company’s climate-related risks that have materially impacted or are reasonably likely to have a material impact on its business strategy, results of operations, or financial condition, and the actual and potential material impacts of any identified climate-related risks on the company’s strategy, business model and outlook, as well as relating to assessment, management, oversight and mitigation of such material risks, material climate-related targets and goals, and material greenhouse gas emissions. Additionally, certain disclosures related to severe weather events and other natural conditions will be required in the audited financial statements. The first phase of the final rule is effective for fiscal years beginning in 2025. Disclosure for prior periods is only required if it was previously disclosed in an SEC filing. On April 4, 2024, the SEC voluntarily stayed implementation of the final rule to facilitate the orderly judicial resolution of pending legal challenges to the rule. We are currently evaluating the impact on our disclosures of adopting this new pronouncement.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
Revenue from Contracts with Customers (Tables)	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenue by Market and Product	The following tables summarize disaggregated revenue by market ($000): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Networking Materials Lasers Total Networking Materials Lasers Total Industrial $ 16,361 $ 134,516 $ 270,301 $ 421,178 $ 47,072 $ 404,847 $ 796,961 $ 1,248,880 Communications 593,223 22,568 — 615,791 1,538,847 56,804 — 1,595,651 Electronics 1,643 71,970 — 73,613 4,820 247,314 — 252,134 Instrumentation 7,597 9,928 80,702 98,227 25,169 28,335 243,157 296,661 Total Revenues $ 618,824 $ 238,982 $ 351,003 $ 1,208,809 $ 1,615,908 $ 737,300 $ 1,040,118 $ 3,393,326 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Networking Materials Lasers Total Networking Materials Lasers Total Industrial $ 17,570 $ 156,846 $ 263,789 $ 438,205 $ 52,189 $ 450,383 $ 846,881 $ 1,349,453 Communications 521,291 17,014 — 538,305 1,664,205 59,553 — 1,723,758 Electronics 2,849 136,229 — 139,078 9,674 509,803 — 519,477 Instrumentation 9,389 13,680 101,537 124,606 30,259 42,070 290,032 362,361 Total Revenues $ 551,099 $ 323,769 $ 365,326 $ 1,240,194 $ 1,756,327 $ 1,061,809 $ 1,136,913 $ 3,955,049

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Mar. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Components of Inventories	The components of inventories were as follows ($000): March 31, June 30, Raw materials $ 427,947 $ 462,436 Work in progress 628,450 549,992 Finished goods 235,306 259,905 Total inventories $ 1,291,703 $ 1,272,333

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
Property, Plant and Equipment (Tables)	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consists of the following ($000): March 31, June 30, Land and improvements $ 69,578 $ 69,639 Buildings and improvements 805,680 780,204 Machinery and equipment 1,998,349 1,879,136 Construction in progress 404,645 287,990 Finance lease right-of-use asset 25,000 25,000 3,303,252 3,041,969 Less accumulated depreciation (1,451,869) (1,259,934) Property, plant, and equipment, net $ 1,851,383 $ 1,782,035

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
Goodwill and Other Intangible Assets (Tables)	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill were as follows ($000): Nine Months Ended March 31, 2024 Networking Materials Lasers Total Balance-beginning of period $ 1,036,204 $ 247,695 $ 3,228,801 $ 4,512,700 Foreign currency translation 457 224 (20,156) (19,475) Balance-end of period $ 1,036,661 $ 247,919 $ 3,208,645 $ 4,493,225
Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than Goodwill	The gross carrying amount and accumulated amortization of our intangible assets other than goodwill were as follows ($000): March 31, 2024 June 30, 2023 Gross Accumulated Net Gross Accumulated Net Book Value Technology $ 1,657,692 $ (363,999) $ 1,293,693 $ 1,661,263 $ (270,786) $ 1,390,477 Trade Names 438,471 (8,471) 430,000 438,470 (8,279) 430,191 Customer Lists 2,323,593 (460,984) 1,862,609 2,333,360 (339,344) 1,994,016 Total $ 4,419,756 $ (833,454) $ 3,586,302 $ 4,433,093 $ (618,409) $ 3,814,684

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Components of Debt	The components of debt as of the dates indicated were as follows ($000): March 31, June 30, Term A Facility, interest at adjusted SOFR, as defined, plus 2.000% $ 786,250 $ 818,125 Debt issuance costs, Term A Facility and Revolving Credit Facility (14,730) (18,149) Term B Facility, interest at adjusted SOFR, as defined, plus 2.750% 2,435,625 2,566,625 Debt issuance costs, Term B Facility (54,830) (63,977) 1.30% Term loan 674 1,697 Borrowings on local lines of credit 1,336 — Facility construction loan in Germany 19,973 22,340 5.000% Senior Notes 990,000 990,000 Debt issuance costs and discount, Senior Notes (6,173) (6,863) Total debt 4,158,125 4,309,798 Current portion of long-term debt (75,469) (74,836) Long-term debt, less current portion $ 4,082,656 $ 4,234,962

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Mar. 31, 2024
Leases [Abstract]
Schedule of Lease Costs, Including Short-Term Leases, Lease Term, and Discount Rates	The following table presents lease costs, which include leases for arrangements with an initial term of more than 12 months, lease term, and discount rates ($000): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Finance lease cost Amortization of right-of-use assets $ 417 $ 1,250 Interest on lease liabilities — — Total finance lease cost 417 1,250 Operating lease cost 12,830 38,539 Total lease cost $ 13,247 $ 39,789 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ 257 $ 789 Operating cash flows from operating leases 12,293 36,834 Financing cash flows from finance leases 408 1,171 Weighted-Average Remaining Lease Term (in Years) Finance leases 7.8 Operating leases 6.2 Weighted-Average Discount Rate Finance leases 5.6 % Operating leases 6.4 % Three Months Ended Nine Months Ended March 31, 2023 Finance lease cost Amortization of right-of-use assets $ 417 $ 1,250 Interest on lease liabilities 279 851 Total finance lease cost 696 2,101 Operating lease cost 13,324 39,817 Total lease cost $ 14,020 $ 41,918 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ 279 $ 851 Operating cash flows from operating leases 12,578 37,843 Financing cash flows from finance leases 369 1,056

Equity and Redeemable Preferr_2

Equity and Redeemable Preferred Stock (Tables)	9 Months Ended
Equity and Redeemable Preferred Stock (Tables)	Mar. 31, 2024
Equity [Abstract]
Schedule of Dividends	The following table presents dividends per share and dividends recognized: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Dividends per share $ — $ 3.00 $ — $ 9.00 Mandatory Convertible Preferred Stock dividends ($000) — 6,900 — 27,000 The following table presents dividends per share and dividends recognized: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Dividends per share $ 145 $ 136 $ 428 $ 404 Dividends ($000) 29,810 27,969 87,919 83,267 Deemed dividends ($000) 1,383 1,202 4,027 3,570

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
Noncontrolling Interests (Tables)	Mar. 31, 2024
Noncontrolling Interest [Abstract]
Schedule of Noncontrolling Interests Activity	The following table presents the activity in noncontrolling interests in the Company's Silicon Carbide subsidiary, as discussed above ($000s). Nine Months Ended March 31, 2024 Beginning balance $ — Sale of shares to noncontrolling interests 373,573 Share of foreign currency translation adjustments 771 Net loss (4,027) Ending balance $ 370,317

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
Earnings (Loss) Per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Earnings Per Share	The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share computations (000, except per share data): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator Net loss attributable to Coherent Corp. $ (13,187) $ 2,546 $ (107,712) $ (81,224) Deduct Series A preferred stock dividends — (6,900) — (20,700) Deduct Series B dividends and deemed dividends (31,193) (29,171) (91,946) (86,837) Basic loss available to common shareholders $ (44,380) $ (33,525) $ (199,658) $ (188,761) Diluted loss available to common shareholders $ (44,380) $ (33,525) $ (199,658) $ (188,761) Denominator Diluted weighted average common shares 152,138 139,113 151,341 136,990 Basic loss per common share $ (0.29) $ (0.24) $ (1.32) $ (1.38) Diluted loss per common share $ (0.29) $ (0.24) $ (1.32) $ (1.38)
Schedule of Potential Shares of Common Stock Excluded from the Calculation of Diluted Net Earnings (Loss) Per Share	The following table presents potential shares of common stock excluded from the calculation of diluted net earnings (loss) per share, as their effect would have been anti-dilutive (000): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Common stock equivalents 3,546 2,416 2,613 2,334 Convertible Notes — — — 1,491 Series A Mandatory Convertible Preferred Stock — 10,697 — 10,331 Series B Convertible Preferred Stock 27,862 26,511 27,518 26,185 Total anti-dilutive shares 31,408 39,624 30,131 40,341

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
Segment Reporting (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Financial Information of Company's Operation by Segment	The following tables summarize selected financial information of our operations by segment ($000): Three Months Ended March 31, 2024 Networking Materials Lasers Unallocated Total Revenues $ 618,824 $ 238,982 $ 351,003 $ — $ 1,208,809 Inter-segment revenues 10,892 132,177 1,513 (144,582) — Operating income (loss) 58,166 8,220 (44,081) — 22,305 Interest expense — — — — (72,753) Other income (expense), net — — — — 18,597 Income tax benefit — — — — 16,121 Net loss — — — — (15,730) Net loss attributable to Coherent Corp. — — — — (13,187) Depreciation and amortization 40,573 26,508 72,654 — 139,735 Expenditures for property, plant & equipment 20,884 61,119 11,239 — 93,242 Segment assets 3,497,693 3,028,652 7,994,067 — 14,520,412 Goodwill 1,036,661 247,919 3,208,645 — 4,493,225 Three Months Ended March 31, 2023 Networking Materials Lasers Unallocated Total Revenues $ 551,099 $ 323,769 $ 365,326 $ — $ 1,240,194 Inter-segment revenues 17,759 96,604 317 (114,680) — Operating income (loss) 49,476 67,826 (49,914) — 67,388 Interest expense — — — — (75,183) Other income (expense), net — — — — 3,048 Income tax benefit — — — — 7,293 Net earnings — — — — 2,546 Depreciation and amortization 41,369 29,242 90,330 — 160,941 Expenditures for property, plant & equipment 6,441 78,666 12,038 — 97,145 Segment assets 3,435,816 2,275,614 8,406,202 — 14,117,632 Goodwill 1,012,006 273,341 3,219,790 — 4,505,137 Nine Months Ended March 31, 2024 Networking Materials Lasers Unallocated Total Revenues $ 1,615,908 $ 737,300 $ 1,040,118 $ — $ 3,393,326 Inter-segment revenues 33,758 315,961 3,357 (353,076) — Operating income (loss) 121,971 25,173 (114,262) — 32,882 Interest expense — — — — (220,689) Other income (expense), net — — — — 30,252 Income tax benefit — — — — 45,816 Net loss — — — — (111,739) Net loss attributable to Coherent Corp. — — — — (107,712) Depreciation and amortization 121,780 77,205 217,128 — 416,113 Expenditures for property, plant & equipment 74,751 156,142 16,016 — 246,909 Nine Months Ended March 31, 2023 Networking Materials Lasers Unallocated Total Revenues $ 1,756,327 $ 1,061,809 $ 1,136,913 $ — $ 3,955,049 Inter-segment revenues 54,129 277,502 1,400 (333,031) — Operating income (loss) 230,497 224,633 (337,020) — 118,110 Interest expense — — — — (207,976) Other income (expense), net — — — — (32,253) Income taxes — — — — 40,895 Net loss — — — — (81,224) Depreciation and amortization 124,384 83,804 269,948 — 478,136 Expenditures for property, plant & equipment 80,654 215,038 47,307 — 342,999

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
Share-Based Compensation (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation Expense by Award Type	Share-based compensation expense for the periods indicated was as follows ($000): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock Options and Cash-Based Stock Appreciation Rights $ 1,078 $ 767 $ 824 $ 927 Restricted Share Awards and Cash-Based Restricted Share Unit Awards 20,050 29,533 72,038 103,003 Performance Share Awards and Cash-Based Performance Share Unit Awards 2,781 2,936 16,611 13,267 Employee Stock Purchase Plan 2,504 1,839 8,716 5,998 $ 26,413 $ 35,075 $ 98,189 $ 123,195

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value and Carrying Value Notes	The fair value and carrying value of the Senior Notes were as follows ($000): March 31, 2024 June 30, 2023 Fair Value Carrying Value Fair Value Carrying Value Senior Notes $ 933,768 $ 983,827 $ 895,950 $ 983,137

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
Accumulated Other Comprehensive Income (Tables)	Mar. 31, 2024
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) ("AOCI") by Component, Net of Tax	The changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax, for the nine months ended March 31, 2024 were as follows ($000): Foreign Interest Interest Defined Total AOCI - June 30, 2023 $ 53,355 $ 19,484 $ 36,628 $ 259 $ 109,726 Other comprehensive income (loss) before reclassifications (28,656) 7,248 9,128 824 (11,456) Amounts reclassified from AOCI — (24,282) (9,507) — (33,789) Net current-period other comprehensive income (loss) (28,656) (17,034) (379) 824 (45,245) Reclass related to sale of shares to noncontrolling interests 2,871 — — — 2,871 AOCI - March 31, 2024 $ 27,570 $ 2,450 $ 36,249 $ 1,083 $ 67,352

Restructuring and Synergy and_2

Restructuring and Synergy and Site Consolidation Plans (Tables)	9 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Components of Restructuring Charges and Payments and Other Deductions	The table sets forth an analysis of the components of the restructuring charges and payments and other deductions made against the accrual for the first two quarters in fiscal 2024 ($000): Severance Asset Write-Offs Other Total Accrual Balance - June 30, 2023 $ 64,379 $ — $ — $ 64,379 Restructuring charges 2,050 269 699 3,018 Payments (7,930) — — (7,930) Asset write-offs and other — (269) (699) (968) Balance - September 30, 2023 58,499 — — 58,499 Restructuring charges (recoveries) (4,848) 54 3,224 (1,570) Payments (2,103) — — (2,103) Asset write-offs and other — (54) (3,224) (3,278) Balance - December 31, 2023 51,548 — — 51,548 Restructuring charges (recoveries) 5,232 1,593 4,705 11,530 Payments (3,358) — — (3,358) Asset write-offs and other — (1,593) (4,705) (6,298) Balance - March 31, 2024 $ 53,422 $ — $ — $ 53,422

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Disaggregated Revenue by Market and Product (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 1,208,809	$ 1,240,194	$ 3,393,326	$ 3,955,049
Industrial
Disaggregation of Revenue [Line Items]
Revenues	421,178	438,205	1,248,880	1,349,453
Communications
Disaggregation of Revenue [Line Items]
Revenues	615,791	538,305	1,595,651	1,723,758
Electronics
Disaggregation of Revenue [Line Items]
Revenues	73,613	139,078	252,134	519,477
Instrumentation
Disaggregation of Revenue [Line Items]
Revenues	98,227	124,606	296,661	362,361
Operating Segments \| Networking
Disaggregation of Revenue [Line Items]
Revenues	618,824	551,099	1,615,908	1,756,327
Operating Segments \| Networking \| Industrial
Disaggregation of Revenue [Line Items]
Revenues	16,361	17,570	47,072	52,189
Operating Segments \| Networking \| Communications
Disaggregation of Revenue [Line Items]
Revenues	593,223	521,291	1,538,847	1,664,205
Operating Segments \| Networking \| Electronics
Disaggregation of Revenue [Line Items]
Revenues	1,643	2,849	4,820	9,674
Operating Segments \| Networking \| Instrumentation
Disaggregation of Revenue [Line Items]
Revenues	7,597	9,389	25,169	30,259
Operating Segments \| Materials
Disaggregation of Revenue [Line Items]
Revenues	238,982	323,769	737,300	1,061,809
Operating Segments \| Materials \| Industrial
Disaggregation of Revenue [Line Items]
Revenues	134,516	156,846	404,847	450,383
Operating Segments \| Materials \| Communications
Disaggregation of Revenue [Line Items]
Revenues	22,568	17,014	56,804	59,553
Operating Segments \| Materials \| Electronics
Disaggregation of Revenue [Line Items]
Revenues	71,970	136,229	247,314	509,803
Operating Segments \| Materials \| Instrumentation
Disaggregation of Revenue [Line Items]
Revenues	9,928	13,680	28,335	42,070
Operating Segments \| Lasers
Disaggregation of Revenue [Line Items]
Revenues	351,003	365,326	1,040,118	1,136,913
Operating Segments \| Lasers \| Industrial
Disaggregation of Revenue [Line Items]
Revenues	270,301	263,789	796,961	846,881
Operating Segments \| Lasers \| Communications
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments \| Lasers \| Electronics
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments \| Lasers \| Instrumentation
Disaggregation of Revenue [Line Items]
Revenues	$ 80,702	$ 101,537	$ 243,157	$ 290,032

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Details) $ in Millions	9 Months Ended
	Mar. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized related to customer payments	$ 78
Contract liabilities	110
Contract liability included in other accrued liabilities	96
Contract liability recorded in other liabilities	$ 14

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 427,947	$ 462,436
Work in progress	628,450	549,992
Finished goods	235,306	259,905
Total inventories	$ 1,291,703	$ 1,272,333

Property Plant and Equipment (D

Property Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Finance lease right-of-use asset	$ 25,000	$ 25,000
Property, plant, and equipment and finance lease right-of-use asset, before accumulated depreciation	3,303,252	3,041,969
Less accumulated depreciation	(1,451,869)	(1,259,934)
Property, plant, and equipment, net	1,851,383	1,782,035
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	69,578	69,639
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	805,680	780,204
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,998,349	1,879,136
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 404,645	$ 287,990

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Balance-beginning of period	$ 4,512,700
Foreign currency translation	(19,475)
Balance-end of period	4,493,225
Networking
Goodwill [Roll Forward]
Balance-beginning of period	1,036,204
Foreign currency translation	457
Balance-end of period	1,036,661
Materials
Goodwill [Roll Forward]
Balance-beginning of period	247,695
Foreign currency translation	224
Balance-end of period	247,919
Lasers
Goodwill [Roll Forward]
Balance-beginning of period	3,228,801
Foreign currency translation	(20,156)
Balance-end of period	$ 3,208,645

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Goodwill [Line Items]
Goodwill	$ 4,493,225	$ 4,512,700	$ 4,505,137
Lasers
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount		10%
Goodwill	$ 3,200,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,419,756	$ 4,433,093
Accumulated Amortization	(833,454)	(618,409)
Net Book Value	3,586,302	3,814,684
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,657,692	1,661,263
Accumulated Amortization	(363,999)	(270,786)
Net Book Value	1,293,693	1,390,477
Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	438,471	438,470
Accumulated Amortization	(8,471)	(8,279)
Net Book Value	430,000	430,191
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,323,593	2,333,360
Accumulated Amortization	(460,984)	(339,344)
Net Book Value	$ 1,862,609	$ 1,994,016

Debt - Schedule of Components o

Debt - Schedule of Components of Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2023	Dec. 10, 2021
Line of Credit Facility [Line Items]
Total debt	$ 4,158,125	$ 4,309,798
Current portion of long-term debt	(75,469)	(74,836)
Long-term debt, less current portion	4,082,656	4,234,962
1.30% Term loan
Line of Credit Facility [Line Items]
Total debt, gross	$ 674	1,697
Debt instrument, interest rate	1.30%
Facility construction loan in Germany
Line of Credit Facility [Line Items]
Total debt, gross	$ 19,973	22,340
5.000% Senior Notes
Line of Credit Facility [Line Items]
Total debt, gross	$ 990,000	990,000
Debt instrument, interest rate	5%		5%
Debt issuance costs and discount	$ (6,173)	(6,863)
Term Loan A Credit Facility
Line of Credit Facility [Line Items]
Total debt, gross	$ 786,250	818,125
Term Loan A Credit Facility \| SOFR
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate	2%
Term A Loan Facility And Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt issuance costs	$ (14,730)	(18,149)
Term Loan B Credit Facility
Line of Credit Facility [Line Items]
Total debt, gross	2,435,625	2,566,625
Debt issuance costs	$ (54,830)	(63,977)
Term Loan B Credit Facility \| SOFR
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate	2.75%
Line of credit \| Line Of Credit Facility Borrowing Capacity
Line of Credit Facility [Line Items]
Total debt, gross	$ 1,336	$ 0

Debt - Senior Credit Facility (

Debt - Senior Credit Facility (Details) - USD ($)			3 Months Ended		9 Months Ended
Debt - Senior Credit Facility (Details) - USD ($)	Apr. 02, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jul. 01, 2022	Dec. 10, 2021
Term A Facility and Revolving Credit Facility \| SOFR Floor
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate		0.10%
Term A Facility and Revolving Credit Facility \| SOFR \| Minimum
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate		1.75%
Term A Facility and Revolving Credit Facility \| SOFR \| Maximum
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate		2.50%
Term Loan A Credit Facility
Line of Credit Facility [Line Items]
Aggregate principal amount							$ 850,000,000
Term Loan A Credit Facility \| SOFR
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate					2%
New Term Loan B Credit Facility
Line of Credit Facility [Line Items]
Aggregate principal amount							2,800,000,000
Amortization of debt issuance costs			$ 59,000,000	$ 62,000,000	$ 181,000,000	$ 168,000,000
New Term Loan B Credit Facility \| SOFR Floor
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate					0.50%
New Term Loan B Credit Facility \| SOFR Floor \| Subsequent Event
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate	0.50%
New Term Loan B Credit Facility \| SOFR
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate					2.75%
New Term Loan B Credit Facility \| SOFR \| Subsequent Event
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate	2.50%
Senior Credit Facilities
Line of Credit Facility [Line Items]
Aggregate principal amount							4,000,000,000
Amortization of debt issuance costs			4,000,000	5,000,000	$ 11,000,000	14,000,000
Increase (decrease) in interest expense			$ (11,000,000)	$ (6,000,000)	$ (34,000,000)	$ (12,000,000)
5.000% Senior Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate			5%		5%			5%
Letter of Credit
Line of Credit Facility [Line Items]
Aggregate principal amount							50,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Aggregate principal amount							$ 350,000,000
Revolving Credit Facility \| SOFR
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate					2%
Revolving Credit Facility \| Term A Facility and Revolving Credit Facility \| SOFR Floor
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate		0.10%
Revolving Credit Facility \| Term A Facility and Revolving Credit Facility \| SOFR \| Minimum
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate		1.75%
Revolving Credit Facility \| Term A Facility and Revolving Credit Facility \| SOFR \| Maximum
Line of Credit Facility [Line Items]
Debt instrument, rate added on variable rate		2.50%

Debt - Prior Senior Credit Faci

Debt - Prior Senior Credit Facilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Line of Credit Facility [Line Items]
Debt extinguishment costs	$ 0	$ (6,835)
Prior Credit Agreement \| Bank of America, N.A.
Line of Credit Facility [Line Items]
Debt extinguishment costs		$ (17,000)

Debt - Bridge Loan (Details)

Debt - Bridge Loan (Details) - Bridge Loan - USD ($)	9 Months Ended
Debt - Bridge Loan (Details) - Bridge Loan - USD ($)	Mar. 31, 2023	Jul. 01, 2022
Line of Credit Facility [Line Items]
Aggregate principal amount of bridge loan		$ 990,000,000
Interest expense	$ 18,000,000

Debt - Assumed Through Acquisit

Debt - Assumed Through Acquisition (Details) $ in Thousands, € in Millions	Dec. 21, 2020 EUR (€)	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jul. 01, 2022 loan
Line of credit \| Foreign Line of Credit
Debt Instrument [Line Items]
Debt instrument, interest rate	1.55%
1.30% Term loan
Debt Instrument [Line Items]
Aggregate principal outstanding		$ 674	$ 1,697
Debt instrument, interest rate		1.30%
Coherent Inc.
Debt Instrument [Line Items]
Number of loans assumed \| loan				3
Aggregate principal outstanding		$ 21,000
Coherent Inc. \| Line of credit \| Foreign Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount \| €	€ 24
Debt agreement term	10 years
Coherent Inc. \| 1.30% Term loan
Debt Instrument [Line Items]
Debt instrument, interest rate				1.30%
Coherent Inc. \| 1.00% State of Connecticut term loan due 2023
Debt Instrument [Line Items]
Debt instrument, interest rate				1%

Debt - Senior Notes and Additio

Debt - Senior Notes and Additional Information (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Dec. 10, 2021	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Available credit under lines of credit		$ 346		$ 346
5.000% Senior Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	5%	5%		5%
Aggregate principal amount	$ 990
Interest expense		$ 13	$ 13	$ 38	$ 38
5.000% Senior Notes \| Senior Notes, Redemption, Period One
Debt Instrument [Line Items]
Redemption price percentage	100%
5.000% Senior Notes \| Senior Notes, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price percentage	40%
5.000% Senior Notes \| Senior Notes, Redemption, Period Three
Debt Instrument [Line Items]
Redemption price percentage	105%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate, percent	29%	33%
U.S. statutory rate	21%
Unrecognized tax benefits	$ 115		$ 115
Unrecognized tax benefits that would impact effective tax rate	91
Interest and penalties accrued	$ 7		$ 6

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Finance lease cost
Amortization of right-of-use assets	$ 417	$ 417	$ 1,250	$ 1,250
Interest on lease liabilities	0	279	0	851
Total finance lease cost	417	696	1,250	2,101
Operating lease cost	12,830	13,324	38,539	39,817
Total lease cost	13,247	14,020	39,789	41,918
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating cash flows from finance leases	257	279	789	851
Operating cash flows from operating leases	12,293	12,578	36,834	37,843
Financing cash flows from finance leases	$ 408	$ 369	$ 1,171	$ 1,056
Weighted-Average Remaining Lease Term (in Years)
Finance leases	7 years 9 months 18 days		7 years 9 months 18 days
Operating leases	6 years 2 months 12 days		6 years 2 months 12 days
Weighted-Average Discount Rate
Finance leases	5.60%		5.60%
Operating leases	6.40%		6.40%

Equity and Redeemable Preferr_3

Equity and Redeemable Preferred Stock - Additional Information (Details) $ / shares in Units, $ in Millions

1 Months Ended

Jul. 03, 2023 shares

Jul. 01, 2022 USD ($) day $ / shares shares

Mar. 31, 2021 USD ($) day $ / shares shares

Jul. 31, 2020 shares

Mar. 31, 2024 $ / shares shares

Dec. 31, 2023 shares

Sep. 30, 2023 shares

Jun. 30, 2023 shares

Mar. 31, 2023 shares

Dec. 31, 2022 shares

Sep. 30, 2022 shares

Jun. 30, 2022 shares

Class of Stock [Line Items]

Redeemable convertible preferred stock shares outstanding (in shares)

215,000

75,000

Mandatory Convertible Preferred Stock

Class of Stock [Line Items]

Preferred stock, shares authorized (in shares)

2,300,000

Preferred stock, shares outstanding (in shares)

Conversion ratio

4.4523

Redeemable convertible preferred stock shares outstanding (in shares)

Redeemable convertible preferred stock, shares issued (in shares)

Series B-1 Convertible Preferred Stock

Class of Stock [Line Items]

Preferred stock, shares issued (in shares)

75,000

Preferred stock, shares outstanding (in shares)

75,000

Preferred stock, par value (in usd per share) | $ / shares

$ 0

Shares issued (in shares)

75,000

Redeemable convertible preferred stock, par value (in usd per share) | $ / shares

$ 0

Equity per share price (in usd per share) | $ / shares

$ 10,000

Proceeds from stock offering | $

$ 750

Debt instrument conversion, conversion price per share (in usd per share) | $ / shares

$ 85

Common stock , conversion, if volume weighted average price, percentage exceeds applicable conversion price

150%

Debt instrument conversion, trading days | day

Debt instrument conversion, consecutive trading days | day

Default on payment obligation, cure period

30 days

Default on payment obligation, dividend rate, quarterly increase, percentage

Preferred stock, accretion of redemption value, period

10 years

Series B-1 Convertible Preferred Stock | Minimum

Class of Stock [Line Items]

Preferred stock, default on payment obligation, dividend rate, percentage

Series B-1 Convertible Preferred Stock | Maximum

Class of Stock [Line Items]

Preferred stock, default on payment obligation, dividend rate, percentage

14%

Series B-2 Convertible Preferred Stock

Class of Stock [Line Items]

Preferred stock, shares issued (in shares)

140,000

Preferred stock, shares outstanding (in shares)

140,000

Preferred stock, par value (in usd per share) | $ / shares

$ 0

Sale of stock, shares issued (in shares)

140,000

Equity per share price (in usd per share) | $ / shares

$ 10,000

Proceeds from stock offering | $

$ 1,400

Common stock , conversion, if volume weighted average price, percentage exceeds applicable conversion price

150%

Debt instrument conversion, trading days | day

Debt instrument conversion, consecutive trading days | day

Default on payment obligation, cure period

30 days

Default on payment obligation, dividend rate, quarterly increase, percentage

Preferred stock, accretion of redemption value, period

10 years

Series B-2 Convertible Preferred Stock | Minimum

Class of Stock [Line Items]

Preferred stock, default on payment obligation, dividend rate, percentage

Series B-2 Convertible Preferred Stock | Maximum

Class of Stock [Line Items]

Preferred stock, default on payment obligation, dividend rate, percentage

14%

Series A Mandatory Convertible Preferred Stock | Underwritten Public Offering

Class of Stock [Line Items]

Sale of stock, shares issued (in shares)

2,300,000

Common Stock

Class of Stock [Line Items]

Preferred stock, shares converted (in shares)

10,240,290

Preferred Stock

Class of Stock [Line Items]

Preferred stock, shares issued (in shares)

5,000,000

Preferred stock, shares outstanding (in shares)

2,300,000

Equity and Redeemable Preferr_4

Equity and Redeemable Preferred Stock - Schedule of Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Class of Stock [Line Items]
Preferred stock dividends	$ 31,193	$ 36,071	$ 91,946	$ 107,537
Mandatory Convertible Preferred Stock
Class of Stock [Line Items]
Dividends per share (in usd per share)	$ 0	$ 3	$ 0	$ 9
Preferred stock dividends	$ 0	$ 6,900	$ 0	$ 27,000
Series B Convertible Preferred Stock
Class of Stock [Line Items]
Dividends per share (in usd per share)	$ 145	$ 136	$ 428	$ 404
Preferred stock dividends	$ 29,810	$ 27,969	$ 87,919	$ 83,267
Deemed dividends	$ 1,383	$ 1,202	$ 4,027	$ 3,570

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Details) - USD ($) $ in Thousands			9 Months Ended
	Dec. 04, 2023	Oct. 10, 2023	Mar. 31, 2024	Mar. 31, 2023
Noncontrolling Interest [Line Items]
Sale of shares to noncontrolling interests		$ 1,000,000	$ 1,000,000	$ 0
Silicon Carbide
Noncontrolling Interest [Line Items]
Non-controlling ownership interest percentage		75%
Silicon Carbide \| Denso
Noncontrolling Interest [Line Items]
Sale of stock, value of shares issued		$ 500,000
Silicon Carbide \| Denso \| Common Class A
Noncontrolling Interest [Line Items]
Sale of stock, shares issued (in shares)	16,666,667
Silicon Carbide \| MELCO
Noncontrolling Interest [Line Items]
Sale of stock, value of shares issued		$ 500,000
Silicon Carbide \| MELCO \| Common Class A
Noncontrolling Interest [Line Items]
Sale of stock, shares issued (in shares)	16,666,667
MELCO \| Silicon Carbide
Noncontrolling Interest [Line Items]
Equity investment, ownership percentage		12.50%
Denso \| Silicon Carbide
Noncontrolling Interest [Line Items]
Equity investment, ownership percentage		12.50%

Noncontrolling Interests - Sche

Noncontrolling Interests - Schedule of Noncontrolling Interests Activity (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2024	Mar. 31, 2023
Equity, Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ 5,844,056	$ 4,831,986	$ 4,987,551	$ 5,178,790	$ 5,009,038	$ 3,616,475	$ 4,987,551	$ 3,616,475
Sale of shares to noncontrolling interests		850,058
Share of foreign currency translation adjustments	(146,770)	226,788	(107,903)	58,141	232,035	(132,371)	(27,885)	157,805
Net loss	(15,730)	(28,475)	(67,534)	2,546	(45,072)	(38,698)	(111,739)	(81,224)
Ending balance	5,705,769	5,844,056	4,831,986	$ 5,239,436	$ 5,178,790	$ 5,009,038	5,705,769	$ 5,239,436
NCI
Equity, Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	373,154	0	0				0
Sale of shares to noncontrolling interests		373,573
Share of foreign currency translation adjustments	(294)	1,065
Net loss	(2,543)	(1,484)
Ending balance	370,317	$ 373,154	0				370,317
NCI \| Silicon Carbide
Equity, Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance			$ 0				0
Sale of shares to noncontrolling interests							373,573
Share of foreign currency translation adjustments							771
Net loss							(4,027)
Ending balance	$ 370,317						$ 370,317

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Numerator
Net loss attributable to Coherent Corp.	$ (13,187)	$ 2,546	$ (107,712)	$ (81,224)
Deduct Series A preferred stock dividends	(31,193)	(36,071)	(91,946)	(107,537)
Basic loss available to common shareholders	(44,380)	(33,525)	(199,658)	(188,761)
Diluted loss available to common shareholders	$ (44,380)	$ (33,525)	$ (199,658)	$ (188,761)
Denominator
Diluted weighted average common shares (in shares)	152,138	139,113	151,341	136,990
Basic loss per common share (in usd per share)	$ (0.29)	$ (0.24)	$ (1.32)	$ (1.38)
Diluted loss per common share (in usd per share)	$ (0.29)	$ (0.24)	$ (1.32)	$ (1.38)
Deduct Series A preferred stock dividends
Numerator
Deduct Series A preferred stock dividends	$ 0	$ (6,900)	$ 0	$ (20,700)
Deduct Series B dividends and deemed dividends
Numerator
Deduct Series A preferred stock dividends	(29,810)	(27,969)	(87,919)	(83,267)
Deduct Series B dividends and deemed dividends	$ (31,193)	$ (29,171)	$ (91,946)	$ (86,837)

Earnings (Loss) Per Share - S_2

Earnings (Loss) Per Share - Schedule of Potential Shares of Common Stock Excluded from the Calculation of Diluted Net Income Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	31,408	39,624	30,131	40,341
Common stock equivalents
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	3,546	2,416	2,613	2,334
Convertible Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	0	0	0	1,491
Series A Mandatory Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	0	10,697	0	10,331
Series B Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	27,862	26,511	27,518	26,185

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	9 Months Ended
Segment Reporting - Additional Information (Details)	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of segments	3

Segment Reporting - Schedule of

Segment Reporting - Schedule of Financial Information of Company's Operations by Segment (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	$ 1,208,809			$ 1,240,194			$ 3,393,326	$ 3,955,049
Inter-segment revenues	0			0			0	0
Operating income (loss)	22,305			67,388			32,882	118,110
Interest expense	(72,753)			(75,183)			(220,689)	(207,976)
Other income (expense), net	18,597			3,048			30,252	(32,253)
Income tax benefit	16,121			7,293			45,816	40,895
Net Earnings (Loss)	(15,730)	$ (28,475)	$ (67,534)	2,546	$ (45,072)	$ (38,698)	(111,739)	(81,224)
Net loss attributable to Coherent Corp.	(13,187)			2,546			(107,712)	(81,224)
Depreciation and amortization	139,735			160,941			416,113	478,136
Expenditures for property, plant & equipment	93,242			97,145			246,909	342,999
Segment assets	14,520,412			14,117,632			14,520,412	14,117,632	$ 13,711,133
Goodwill	4,493,225			4,505,137			4,493,225	4,505,137	4,512,700
Networking
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Goodwill	1,036,661						1,036,661		1,036,204
Materials
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Goodwill	247,919						247,919		247,695
Lasers
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Goodwill	3,208,645						3,208,645		$ 3,228,801
Operating Segments \| Networking
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	618,824			551,099			1,615,908	1,756,327
Inter-segment revenues	10,892			17,759			33,758	54,129
Operating income (loss)	58,166			49,476			121,971	230,497
Interest expense	0			0			0	0
Other income (expense), net	0			0			0	0
Income tax benefit	0			0			0	0
Net Earnings (Loss)	0			0			0	0
Net loss attributable to Coherent Corp.	0						0
Depreciation and amortization	40,573			41,369			121,780	124,384
Expenditures for property, plant & equipment	20,884			6,441			74,751	80,654
Segment assets	3,497,693			3,435,816			3,497,693	3,435,816
Goodwill	1,036,661			1,012,006			1,036,661	1,012,006
Operating Segments \| Materials
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	238,982			323,769			737,300	1,061,809
Inter-segment revenues	132,177			96,604			315,961	277,502
Operating income (loss)	8,220			67,826			25,173	224,633
Interest expense	0			0			0	0
Other income (expense), net	0			0			0	0
Income tax benefit	0			0			0	0
Net Earnings (Loss)	0			0			0	0
Net loss attributable to Coherent Corp.	0						0
Depreciation and amortization	26,508			29,242			77,205	83,804
Expenditures for property, plant & equipment	61,119			78,666			156,142	215,038
Segment assets	3,028,652			2,275,614			3,028,652	2,275,614
Goodwill	247,919			273,341			247,919	273,341
Operating Segments \| Lasers
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	351,003			365,326			1,040,118	1,136,913
Inter-segment revenues	1,513			317			3,357	1,400
Operating income (loss)	(44,081)			(49,914)			(114,262)	(337,020)
Interest expense	0			0			0	0
Other income (expense), net	0			0			0	0
Income tax benefit	0			0			0	0
Net Earnings (Loss)	0			0			0	0
Net loss attributable to Coherent Corp.	0						0
Depreciation and amortization	72,654			90,330			217,128	269,948
Expenditures for property, plant & equipment	11,239			12,038			16,016	47,307
Segment assets	7,994,067			8,406,202			7,994,067	8,406,202
Goodwill	3,208,645			3,219,790			3,208,645	3,219,790
Unallocated & Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	0			0			0	0
Inter-segment revenues	(144,582)			(114,680)			(353,076)	(333,031)
Operating income (loss)	0			0			0	0
Interest expense	0			0			0	0
Other income (expense), net	0			0			0	0
Income tax benefit	0			0			0	0
Net Earnings (Loss)	0			0			0	0
Net loss attributable to Coherent Corp.	0						0
Depreciation and amortization	0			0			0	0
Expenditures for property, plant & equipment	0			0			0	0
Segment assets	0			0			0	0
Goodwill	$ 0			$ 0			$ 0	$ 0

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - Employee Stock Purchase Plan - shares	Aug. 28, 2023	Mar. 31, 2024	Nov. 30, 2023
Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized for issuance under the plan (in shares)			13,450,000
Legacy Coherent Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		0
Market price of common stock	85%
Consecutive offering period	6 months
Legacy Coherent Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan of payroll deductions	10%
Legacy Coherent Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan of payroll deductions	15%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Expense by Award Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 26,413	$ 35,075	$ 98,189	$ 123,195
Stock Options and Cash-Based Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	1,078	767	824	927
Restricted Share Awards and Cash-Based Restricted Share Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	20,050	29,533	72,038	103,003
Performance Share Awards and Cash-Based Performance Share Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	2,781	2,936	16,611	13,267
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 2,504	$ 1,839	$ 8,716	$ 5,998

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023	Mar. 20, 2023	Jun. 30, 2022	Feb. 23, 2022	Nov. 24, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid and other current assets		Prepaid and other current assets		Prepaid and other current assets
Restricted cash, current	$ 894,000,000		$ 894,000,000		$ 16,000,000
Loss on derivative	12,000,000	$ 0	9,000,000	$ 5,000,000
Silicon Carbide
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted cash, current	889,000,000		889,000,000
Other Entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted cash, current	5,000,000		5,000,000
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount						$ 825,000,000	$ 825,000,000		$ 1,075,000,000
Fixed interest rate						0.10%			1.52%
Floor interest rate						1.42%			0%
Derivative asset	15,000,000		15,000,000		37,000,000
Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed interest rate								0.853%
Derivative asset	$ 46,000,000		$ 46,000,000		$ 46,000,000
Interest Rate Cap \| SOFR
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, trigger for right to receive payment, percent								1.92%
Interest Rate Cap \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount								$ 500,000,000
Interest Rate Cap \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount								$ 1,500,000,000

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Fair Value and Carrying Value of Notes (Details) - Senior Notes - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes fair value	$ 933,768	$ 895,950
Senior notes carrying value	$ 983,827	$ 983,137

Share Repurchase Programs (Deta

Share Repurchase Programs (Details) - USD ($) $ in Millions	9 Months Ended	115 Months Ended
Share Repurchase Programs (Details) - USD ($) $ in Millions	Mar. 31, 2024	Feb. 21, 2024	Aug. 31, 2014
Equity [Abstract]
Stock repurchase program, authorized amount			$ 50
Purchase of common stock, shares (in shares)	0	1,416,587
Common stock repurchased		$ 22

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2023	Mar. 31, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 4,831,986	$ 4,987,551
Reclass related to sale of shares to noncontrolling interests	850,058
Ending balance	5,844,056	5,705,769
Total Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	5,052	109,726
Other comprehensive income (loss) before reclassifications		(11,456)
Amounts reclassified from AOCI		(33,789)
Net current-period other comprehensive income (loss)		(45,245)
Reclass related to sale of shares to noncontrolling interests	2,871	2,871
Ending balance	$ 206,374	67,352
Foreign Currency Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		53,355
Other comprehensive income (loss) before reclassifications		(28,656)
Amounts reclassified from AOCI		0
Net current-period other comprehensive income (loss)		(28,656)
Reclass related to sale of shares to noncontrolling interests		2,871
Ending balance		27,570
Interest Rate Swap/Interest Rate Cap \| Interest Rate Swap
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		19,484
Other comprehensive income (loss) before reclassifications		7,248
Amounts reclassified from AOCI		(24,282)
Net current-period other comprehensive income (loss)		(17,034)
Reclass related to sale of shares to noncontrolling interests		0
Ending balance		2,450
Interest Rate Swap/Interest Rate Cap \| Interest Rate Cap
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		36,628
Other comprehensive income (loss) before reclassifications		9,128
Amounts reclassified from AOCI		(9,507)
Net current-period other comprehensive income (loss)		(379)
Reclass related to sale of shares to noncontrolling interests		0
Ending balance		36,249
Defined Benefit Pension Plan
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		259
Other comprehensive income (loss) before reclassifications		824
Amounts reclassified from AOCI		0
Net current-period other comprehensive income (loss)		824
Reclass related to sale of shares to noncontrolling interests		0
Ending balance		$ 1,083

Restructuring and Synergy and_3

Restructuring and Synergy and Site Consolidation Plans - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023	May 20, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges (recoveries)	$ 11,530			$ 0	$ 12,978	$ 0
Restructuring charges					4,858	$ 0
May 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges (recoveries)	11,530	$ (1,570)	$ 3,018		13,000		$ 119,000
Reimbursement arrangements							65,000
Restructuring accrual	53,422	51,548	58,499		53,422		64,379
May 2023 Restructuring Plan \| Materials
Restructuring Cost and Reserve [Line Items]
Restructuring charges (recoveries)	8,000				15,000
May 2023 Restructuring Plan \| Lasers
Restructuring Cost and Reserve [Line Items]
Restructuring charges (recoveries)	4,000				4,000
May 2023 Restructuring Plan \| Networking
Restructuring Cost and Reserve [Line Items]
Restructuring charges (recoveries)	0				(5,000)
May 2023 Restructuring Plan \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges (recoveries)	5,232	(4,848)	2,050
Restructuring accrual	53,422	$ 51,548	$ 58,499		53,422		64,379
May 2023 Restructuring Plan \| Other Accrued Liabilities \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	19,000				19,000
May 2023 Restructuring Plan \| Other Liabilities \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	35,000				35,000
Synergy and Site Consolidation Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring and other non-recurring costs								$ 250,000
Restructuring charges	13,000				29,000		$ 20,000
Synergy and Site Consolidation Plan \| Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring charges	9,000				21,000
Synergy and Site Consolidation Plan \| Internal Research and Development
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,000				7,000
Synergy and Site Consolidation Plan \| Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,000				1,000
Synergy and Site Consolidation Plan \| Lasers
Restructuring Cost and Reserve [Line Items]
Restructuring charges	13,000				29,000
Synergy and Site Consolidation Plan \| Other Accrued Liabilities \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	6,000				6,000
Synergy and Site Consolidation Plan \| Other Liabilities \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	$ 6,000				$ 6,000

Restructuring and Synergy and_4

Restructuring and Synergy and Site Consolidation Plans - Schedule of Components and Restructuring Charges and Payments (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Restructuring Reserve [Roll Forward]
Restructuring charges (recoveries)	$ 11,530			$ 0	$ 12,978	$ 0
May 2023 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning Balance	51,548	$ 58,499	$ 64,379		64,379
Restructuring charges (recoveries)	11,530	(1,570)	3,018		13,000		$ 119,000
Payments	(3,358)	(2,103)	(7,930)
Asset write-offs and other	(6,298)	(3,278)	(968)
Ending Balance	53,422	51,548	58,499		53,422		64,379
May 2023 Restructuring Plan \| Severance
Restructuring Reserve [Roll Forward]
Beginning Balance	51,548	58,499	64,379		64,379
Restructuring charges (recoveries)	5,232	(4,848)	2,050
Payments	(3,358)	(2,103)	(7,930)
Asset write-offs and other	0	0	0
Ending Balance	53,422	51,548	58,499		53,422		64,379
May 2023 Restructuring Plan \| Asset Write-Offs
Restructuring Reserve [Roll Forward]
Beginning Balance	0	0	0		0
Restructuring charges (recoveries)	1,593	54	269
Payments	0	0	0
Asset write-offs and other	(1,593)	(54)	(269)
Ending Balance	0	0	0		0		0
May 2023 Restructuring Plan \| Other
Restructuring Reserve [Roll Forward]
Beginning Balance	0	0	0		0
Restructuring charges (recoveries)	4,705	3,224	699
Payments	0	0	0
Asset write-offs and other	(4,705)	(3,224)	(699)
Ending Balance	$ 0	$ 0	$ 0		$ 0		$ 0