Equity and Redeemable Preferred Stock (Tables)

12 Months Ended

Jun. 30, 2021

Equity [Abstract]

Measurement Inputs Used to Estimate Future Market Value

Upon issuance of the Mandatory Convertible Preferred Stock, the Company used a Monte Carlo simulation model to estimate the future market value of the II-VI Common Stock on the mandatory conversion date, based on the following inputs:

Expected Volatility	50% - 55%
Cost of Equity	14% - 17%
Dividend Yield	none

Dividends Declared

The following table presents dividends per share and dividends recognized for the year ended June 30, 2021:

	Year Ended June 30, 2021
Dividends per share	11.80
Series A Mandatory Convertible Preferred Stock dividends ($000)	27,140

The following table presents dividends per share and dividends recognized for the year ended June 30, 2021:

	Year Ended June 30, 2021
Dividends per share	$	134.55
Dividends ($000)	9,583
Deemed dividends ($000)	508