Earnings Per Share (Tables)

12 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Reconciliation of Basic and Diluted Earnings (Loss) Per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share computations for the periods presented ($000, except per share):

Year Ended June 30,	2024		2023		2022
Numerator
Net earnings (loss) attributable to Coherent Corp.	$	(156,154)	$	(259,458)	$	234,759
Deduct Series A preferred stock dividends	—		(27,600)		(27,600)
Deduct Series B dividends and deemed dividends	(123,357)		(116,612)		(40,625)
Basic earnings (loss) available to the common shareholders	$	(279,511)	$	(403,670)	$	166,534
Effect of dilutive securities:
Add back interest on Convertible Notes (net of tax)	$	—	$	—	$	2,229
Diluted earnings (loss) available to the common shareholders	$	(279,511)	$	(403,670)	$	168,763
Denominator
Weighted average shares	151,642		137,578		106,189
Effect of dilutive securities
Common stock equivalents	—		—		3,012
Convertible Notes	—		—		7,312
Diluted weighted average common shares	151,642		137,578		116,513
Basic earnings (loss) per common share	$	(1.84)	$	(2.93)	$	1.57
Diluted earnings (loss) per common share	$	(1.84)	$	(2.93)	$	1.45

Schedule of Potential Shares Excluded from 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 antidilutive (in thousands of shares):

Year Ended June 30,	2024	2023	2022
Series A Mandatory Convertible Preferred Stock	—	10,423	8,915
Series B Convertible Preferred Stock	27,691	26,349	9,162
Common stock equivalents	2,940	2,271	9,611
Total anti-dilutive shares	30,631	39,043	27,688