Earnings (Loss) Per Share (Tables)

6 Months Ended

Dec. 31, 2023

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 December 31,				Six Months Ended December 31,
	2023		2022		2023		2022
Numerator
Net loss attributable to Coherent Corp.	$	(26,991)	$	(45,072)	$	(94,525)	$	(83,770)
Deduct Series A preferred stock dividends	—		(6,900)		—		(13,800)
Deduct Series B dividends and deemed dividends	(30,580)		(28,989)		(60,753)		(57,666)
Basic loss available to common shareholders	$	(57,571)	$	(80,961)	$	(155,278)	$	(155,236)




Diluted loss available to common shareholders	$	(57,571)	$	(80,961)	$	(155,278)	$	(155,236)

Denominator






Diluted weighted average common shares	151,564		138,623		150,946		135,951

Basic loss per common share	$	(0.38)	$	(0.58)	$	(1.03)	$	(1.14)

Diluted loss per common share	$	(0.38)	$	(0.58)	$	(1.03)	$	(1.14)

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 December 31,		Six Months Ended December 31,
	2023	2022	2023	2022
Common stock equivalents	1,956	2,827	2,146	2,295
Convertible Notes	—	—	—	2,237
Series A Mandatory Convertible Preferred Stock	—	10,697	—	10,149
Series B Convertible Preferred Stock	27,516	26,184	27,346	26,022
Total anti-dilutive shares	29,472	39,708	29,492	40,703