XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Earnings (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Revenues $ 1,131,434 $ 1,370,285 $ 2,184,517 $ 2,714,855
Costs, Expenses, and Other Expense (Income)        
Cost of goods sold 780,793 959,097 1,526,981 1,860,093
Internal research and development 111,163 128,791 224,651 249,875
Selling, general and administrative 209,163 274,151 420,860 554,165
Restructuring charges (recoveries) (1,570) 0 1,448 0
Interest expense 74,678 70,904 147,936 132,793
Other (income) expense, net (5,386) 3,696 (11,655) 35,301
Total Costs, Expenses, & Other Expense 1,168,841 1,436,639 2,310,221 2,832,227
Loss Before Income Taxes (37,407) (66,354) (125,704) (117,372)
Income Tax Benefit (8,932) (21,282) (29,695) (33,602)
Net Loss (28,475) (45,072) (96,009) (83,770)
Net Loss Attributable to Noncontrolling Interests (1,484) 0 (1,484) 0
Net Loss Attributable to Coherent Corp. (26,991) (45,072) (94,525) (83,770)
Less: Dividends on Preferred Stock 30,580 35,889 60,753 71,466
Net Loss Available to the Common Shareholders $ (57,571) $ (80,961) $ (155,278) $ (155,236)
Basic loss per share (in usd per share) $ (0.38) $ (0.58) $ (1.03) $ (1.14)
Diluted loss per share (in usd per share) $ (0.38) $ (0.58) $ (1.03) $ (1.14)