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Segment and Geographic Reporting
 12 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment and Geographic Reporting Segment and Geographic Reporting
The Company reports its business segments using the “management approach” model for segment reporting. This means that the Company determines its reportable business segments based on the way the chief operating decision maker organizes business segments within the Company for making operating decisions and assessing performance.
The Company reports its financial results in two segments, and the Company’s chief operating decision maker receives and reviews financial information based on these segments.  The Company evaluates business segment performance based upon segment operating income, which is defined as earnings before income taxes, interest and other income or expense.
The Compound Semiconductors segment has locations in the United States, Singapore, China, Germany, Switzerland, Japan, Belgium, the United Kingdom, Italy, South Korea, the Philippines, Vietnam, Sweden, and Taiwan. This segment address all of II-VI's seven end markets, namely: communications, industrial, aerospace & defense, consumer electronics, semiconductor capital equipment, life sciences and automotive. This segment designs, manufactures and markets the following products: (i) optical and electro-optical components and materials used primarily in CO2 lasers, fiber-lasers and direct diode lasers for materials processing applications; (ii) infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications; (iii) semiconductor lasers and detectors for optical interconnects and sensing applications; (iv) engineered materials for thermoelectric, ceramics and silicon carbide for a wide range of applications; and (v) compound semiconductor epitaxial wafers for applications in optical and wireless communication.
The Photonic Solutions segment has locations in the United States, China, Vietnam, Germany, Japan, the United Kingdom, Italy, Malaysia, Australia, and Hong Kong. This segment manufactures (i) transceivers for data centers and telecom optical networks; (ii) pump lasers, optical amplifiers, wavelength selective switches and advanced components for telecom networks; (iii) crystal materials, optics, lasers and optoelectronic modules for a wide range of applications, including in optical communications, life sciences, and consumer electronics markets.
In September 2019, the Company completed its acquisition of Finisar. The operating results of this acquisition have been reflected in the selected financial information of the Company’s Photonic Solutions segment and Compound Semiconductors Segment beginning on October 1, 2019, with the results from September 24, 2019 to September 30, 2019 reflected in Unallocated and Other.
The accounting policies are consistent across both of the segments. To the extent possible, the Company’s corporate expenses are allocated to the segments. The Company evaluates segment performance based upon reported segment operating income, which is defined as earnings from continuing operations before income taxes, interest and other income or expense. Unallocated and Other include eliminating inter-segment sales and transfers as well as transaction costs related to the pending Coherent
acquisition in the fiscal year ended June 30, 2021. In the fiscal year ended June 30, 2020, it included transaction costs related to the Finisar acquisition.
The following tables summarize selected financial information of the Company’s operations by segment:
Photonic SolutionsCompound SemiconductorsUnallocated
& Other		Total
($000)
2021
Revenues$2,038,284 $1,067,607 $— $3,105,891 
Inter-segment revenues35,358 244,407 (279,765)— 
Operating income (loss)207,652 221,239 (26,772)402,119 
Interest expense— — — (59,899)
Other income, net— — — 10,370 
Income taxes— — — (55,038)
Net earnings— — — 297,552 
Depreciation and amortization161,208 108,861 — 270,069 
Expenditures for property, plant & equipment87,304 59,033 — 146,337 
Segment assets4,231,289 2,281,361 — 6,512,650 
Goodwill1,053,028 243,699 — 1,296,727 

Photonic SolutionsCompound SemiconductorsUnallocated
& Other		Total
($000)
2020
Revenues$1,536,790 $821,230 $22,051 $2,380,071 
Inter-segment revenues31,515 164,884 (196,399)— 
Operating income (loss)49,930 62,279 (72,730)39,479 
Interest expense— — — (89,409)
Other income, net— — — (13,998)
Income taxes— — — (3,101)
Net loss— — — (67,029)
Depreciation and amortization112,203 104,936 3,743 220,882 
Expenditures for property, plant & equipment45,795 88,318 2,764 136,877 
Segment assets3,502,467 1,732,247 — 5,234,714 
Goodwill1,052,494 186,515 — 1,239,009 
Photonic SolutionsCompound SemiconductorsUnallocated
& Other		Total
($000)
2019
Revenues$638,889 $723,607 $— $1,362,496 
Inter-segment revenues12,568 94,405 (106,973)— 
Operating income81,898 82,414 (15,643)148,668 
Interest expense— — — (22,417)
Other income, net— — — 2,562 
Income taxes— — — (21,296)
Net earnings— — — 107,517 
Depreciation and amortization26,273 66,092 — 92,365 
Expenditures for property, plant & equipment44,851 83,899 — 128,750 
Segment Assets681,610 1,272,163 — $1,953,773 
Goodwill134,057 185,721 — $319,778 

Geographic information for revenues from the legal country of origin, and long-lived assets by country, which include property, plant and equipment, net of related depreciation, and certain other long-term assets, were as follows:
Revenues
Year Ended June 30,202120202019
($000)
United States$2,017,152 $1,432,195 $405,404 
Non-United States
Hong Kong356,356 299,359 319,601 
China343,483 292,139 290,287 
Japan132,015 146,325 109,670 
Germany153,548 124,934 155,000 
Vietnam38,799 22,152 22,322 
Switzerland24,462 35,895 32,770 
Korea12,406 8,537 11,674 
Taiwan11,385 3,743 2,005 
Singapore5,103 5,791 6,868 
Philippines4,974 4,479 4,179 
United Kingdom4,560 4,226 2,712 
Other1,648 296 4 
Total Non-United States$1,088,739 $947,876 $957,092 
$3,105,891 $2,380,071 $1,362,496 
Long-Lived Assets
June 30,20212020
($000)
United States$737,151 $754,815 
Non-United States
China402,987 369,544 
United Kingdom60,090 55,028 
Malaysia53,187 46,162 
Switzerland37,121 37,129 
Sweden27,374 24,270 
Germany16,703 18,631 
Australia13,627 12,321 
Vietnam10,246 11,140 
Philippines7,890 7,607 
Taiwan6,532 — 
Korea4,595 3,438 
Hong Kong2,104 2,870 
Other1,916 1,965 
Total Non-United States$644,372 $590,105 
$1,381,523 $1,344,920