Earnings (Loss) Per Share (Tables)

9 Months Ended

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 March 31,				Nine Months Ended March 31,
	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 March 31,		Nine Months Ended March 31,
	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