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Segment and Geographic Reporting
 12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment and Geographic Reporting Segment and Geographic Reporting
Our Chief Executive Officer has been identified as the chief operating decision maker (“CODM”) as he utilizes financial information to make decisions about allocating resources and assessing performance for the entire Company, which is used in the decision-making process to assess performance. We determine our reportable business segments based on the way the CODM organizes business segments within the Company for making operating decisions and assessing performance. Effective July 1, 2022, we report our financial results in the following three segments: (i) Networking, (ii) Materials, and (iii) Lasers.
The Networking segment has locations in the United States, Australia, China, Germany, Malaysia, South Korea, Thailand, the Philippines, the United Kingdom, and Vietnam. This segment address all of Coherent’s four end markets, namely: communications, industrial, electronics, and instrumentation, with a concentration in the communications market. This segment leverages Coherent’s compound semiconductor technology platforms and deep knowledge of end-user applications for our key end markets to deliver differentiated components and subsystems.
The Materials segment has locations in the United States, Belgium, China, Germany, Italy, Japan, Singapore, South Korea, Sweden, Switzerland, Taiwan, the Philippines, the United Kingdom, and Vietnam. This segment address all of Coherent’s four end markets, namely: communications, industrial, electronics, and instrumentation, with concentrations in the industrial and electronics markets. The Materials segment is a market leader in engineered materials and optoelectronic devices, such as those based on ZnSe, ZnS, GaAs, InP, GaSb, and SiC.
The Lasers segment has locations in the United States, Finland, Germany, Malaysia, Singapore, South Korea, Spain, Sweden, Switzerland, and the United Kingdom. The Lasers segment’s lasers and optics products serve industrial customers in semiconductor capital equipment, display capital equipment, precision manufacturing, and aerospace & defense, as well as instrumentation customers in life sciences and scientific research.
To the extent possible, our corporate expenses are allocated to the segments. The Company’s CODM evaluates the performance of its segments based upon reported segment operating income (loss), which is defined as earnings (loss) from 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 Coherent acquisition, before its close, in the fiscal year ended June 30, 2022.
The following tables summarize selected financial information of our operations by segment ($000):
2024NetworkingMaterialsLasersUnallocated
& Other		Total
Revenues$2,295,729 $1,016,573 $1,395,386 $— $4,707,688 
Inter-segment revenues45,767 457,623 5,212 (508,602)— 
Operating income (loss)178,789 62,876 (145,544)— 96,121 
Interest expense— — — — (288,475)
Other income (expense), net— — — — 44,707 
Income taxes— — — — (11,117)
Net loss— — — — (158,764)
Net loss attributable to Coherent Corp.— — — — (156,154)
Depreciation and amortization161,499 108,979 289,283 — 559,761 
Expenditures for property, plant & equipment90,950 224,482 31,384 — 346,816 
Segment assets3,543,981 3,502,642 7,442,011 — 14,488,634 
Goodwill1,036,592 245,983 3,181,754 — 4,464,329 
2023NetworkingMaterialsLasersUnallocated
& Other		Total
Revenues$2,340,930 $1,349,758 $1,469,412 $— $5,160,100 
Inter-segment revenues70,120 362,179 1,517 (433,817)— 
Operating income (loss)222,365 159,581 (419,066)— (37,120)
Interest expense— — — — (286,872)
Other income (expense), net— — — — (31,566)
Income taxes— — — — 96,100 
Net loss attributable to Coherent Corp.— — — — (259,458)
Depreciation and amortization172,339 143,243 366,105 — 681,687 
Expenditures for property, plant & equipment98,192 274,434 63,434 — 436,060 
Segment assets3,316,555 2,561,156 7,833,422 — 13,711,133 
Goodwill1,036,204 247,695 3,228,801 — 4,512,700 
2022NetworkingMaterialsLasersUnallocated
& Other		Total
Revenues$2,197,249 $1,119,367 $— $— $3,316,616 
Inter-segment revenues93,660 272,580 — (366,240)— 
Operating income (loss)231,563 218,601 — (35,870)414,294 
Interest expense— — — — (121,254)
Other income (expense), net— — — — (11,233)
Income taxes— — — — (47,048)
Net earnings attributable to Coherent Corp.— — — — 234,759 
Depreciation and amortization172,092 114,687 — — 286,779 
Expenditures for property, plant & equipment89,616 224,716 — — 314,332 
Segment Assets4,897,252 2,947,594 — — 7,844,846 
Goodwill1,013,277 272,482 — — 1,285,759 

Geographic information for revenues by location of the customer’s headquarters, were as follows ($000):
Revenues
Year Ended June 30,202420232022
North America$2,622,569 $2,745,891 $1,771,385 
Europe714,282 979,911 623,157 
China621,918 577,180 614,393 
Japan340,863 392,479 196,512 
Rest of World408,056 464,639 111,169 
Total$4,707,688 $5,160,100 $3,316,616 
    
Major Customers
We had one major customer who accounted for 10% of consolidated revenue during fiscal 2024. The customer purchased primarily from our Networking segment. We had another major customer who accounted for 10% of consolidated revenue during fiscal 2023. The customer purchased primarily from our Networking segment.
Geographic information for long-lived assets by country, which include property, plant and equipment, net of related depreciation, and certain other long-term assets, were as follows ($000):
Long-Lived Assets
June 30,20242023
United States$1,226,359 $1,069,012 
Non-United States
China349,195 365,331 
Germany209,593 216,336 
United Kingdom19,153 77,474 
Malaysia87,783 70,424 
Switzerland44,256 47,110 
Sweden44,733 38,981 
Korea17,862 20,869 
Vietnam20,707 17,739 
Australia8,611 8,641 
Taiwan6,705 7,883 
Philippines11,217 7,205 
Other23,166 24,853 
Total Non-United States842,981 902,846 
$2,069,340 $1,971,858