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Segment Reporting | 9 Months Ended
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Mar. 31, 2017
Segment Reporting [Abstract] |
Segment Reporting |
Note 9. | Segment Reporting
The Company reports its business segments using the “management approach” model for segment reporting. This means that the Company determines its reportable business segments based on the way the chief operating decision maker organizes business segments within the Company for making operating decisions and assessing performance. The Company reports its financial results in the following three segments: (i) II-VI Laser Solutions, (ii) II-VI Photonics, and (iii) II-VI Performance Products, and the Company’s chief operating decision maker receives and reviews financial information based on these segments. The Company evaluates business segment performance based upon segment operating income, which is defined as earnings before income taxes, interest and other income or expense. The segments are managed separately due to the market, production requirements and facilities unique to each segment. The accounting policies of the segments are the same as those of the Company. The Company’s corporate expenses are allocated to the segments. The Company evaluates segment performance based upon reported segment operating income, which is defined as earnings before income taxes, interest and other income or expense. Inter-segment sales and transfers are eliminated. The following tables summarize selected financial information of the Company’s operations by segment ($000):
|  | Three Months Ended March 31, 2017 |
|  | II-VI |  |  |  |  |  |  | II-VI |  |  |  |  |  |  |  |  |
|  | Laser |  |  | II-VI |  |  | Performance |  |  |  |  |  |  |  |  |
|  | Solutions |  |  | Photonics |  |  | Products |  |  | Eliminations |  |  | Total |
Revenues |  | $ | 83,648 |  |  | $ | 109,099 |  |  | $ | 52,240 |  |  | $ | - |  |  | $ | 244,987 |
Inter-segment revenues |  |  | 9,661 |  |  |  | 3,450 |  |  |  | 2,713 |  |  |  | (15,824 | ) |  |  | - |
Operating income |  |  | 8,337 |  |  |  | 15,898 |  |  |  | 4,804 |  |  |  | - |  |  |  | 29,039 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,936 | )
Other income (expense), net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,164 |
Income taxes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6,837 | )
Net earnings |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 22,430 |
Depreciation and amortization |  |  | 5,713 |  |  |  | 5,029 |  |  |  | 4,182 |  |  |  | - |  |  |  | 14,924 |
Segment assets |  |  | 556,238 |  |  |  | 496,068 |  |  |  | 295,342 |  |  |  | - |  |  |  | 1,347,648 |
Expenditures for property, plant & equipment |  |  | 23,299 |  |  |  | 8,727 |  |  |  | 9,287 |  |  |  | - |  |  |  | 41,313 |
Investment |  |  | - |  |  |  | - |  |  |  | 12,007 |  |  |  | - |  |  |  | 12,007 |
|  | Three Months Ended March 31, 2016 |
|  | II-VI |  |  |  |  |  |  | II-VI |  |  |  |  |  |  |  |  |
|  | Laser |  |  | II-VI |  |  | Performance |  |  |  |  |  |  |  |  |
|  | Solutions |  |  | Photonics |  |  | Products |  |  | Eliminations |  |  | Total |
Revenues |  | $ | 73,778 |  |  | $ | 80,603 |  |  | $ | 50,724 |  |  | $ | - |  |  | $ | 205,105 |
Inter-segment revenues |  |  | 5,962 |  |  |  | 3,363 |  |  |  | 1,800 |  |  |  | (11,125 | ) |  |  | - |
Operating income |  |  | 5,395 |  |  |  | 9,543 |  |  |  | 4,452 |  |  |  | - |  |  |  | 19,390 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (769 | )
Other income (expense), net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,257 | )
Income taxes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,426 | )
Net earnings |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,938 |
Depreciation and amortization |  |  | 4,192 |  |  |  | 4,888 |  |  |  | 5,581 |  |  |  | - |  |  |  | 14,661 |
Expenditures for property, plant & equipment |  |  | 7,156 |  |  |  | 4,160 |  |  |  | 2,271 |  |  |  | - |  |  |  | 13,587 |
|  | Nine Months Ended March 31, 2017 |
|  | II-VI |  |  |  |  |  |  | II-VI |  |  |  |  |  |  |  |  |
|  | Laser |  |  | II-VI |  |  | Performance |  |  |  |  |  |  |  |  |
|  | Solutions |  |  | Photonics |  |  | Products |  |  | Eliminations |  |  | Total |
Revenues |  | $ | 244,421 |  |  | $ | 305,824 |  |  | $ | 148,084 |  |  | $ | - |  |  | $ | 698,329 |
Inter-segment revenues |  |  | 24,361 |  |  |  | 10,049 |  |  |  | 7,091 |  |  |  | (41,501 | ) |  |  | - |
Operating income |  |  | 22,628 |  |  |  | 45,689 |  |  |  | 11,549 |  |  |  | - |  |  |  | 79,866 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4,547 | )
Other income (expense), net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,611 |
Income taxes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (22,303 | )
Net earnings |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 62,627 |
Depreciation and amortization |  |  | 17,025 |  |  |  | 14,853 |  |  |  | 12,844 |  |  |  | - |  |  |  | 44,722 |
Expenditures for property, plant & equipment |  |  | 59,161 |  |  |  | 21,224 |  |  |  | 18,750 |  |  |  | - |  |  |  | 99,135 |
|  | Nine Months Ended March 31, 2016 |
|  | II-VI |  |  |  |  |  |  | II-VI |  |  |  |  |  |  |  |  |
|  | Laser |  |  | II-VI |  |  | Performance |  |  |  |  |  |  |  |  |
|  | Solutions |  |  | Photonics |  |  | Products |  |  | Eliminations |  |  | Total |
Revenues |  | $ | 215,552 |  |  | $ | 226,762 |  |  | $ | 143,432 |  |  | $ | - |  |  | $ | 585,746 |
Inter-segment revenues |  |  | 15,342 |  |  |  | 9,160 |  |  |  | 5,738 |  |  |  | (30,240 | ) |  |  | - |
Operating income |  |  | 28,820 |  |  |  | 23,282 |  |  |  | 10,797 |  |  |  | - |  |  |  | 62,899 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,015 | )
Other income (expense), net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 794 |
Income taxes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (10,535 | )
Net earnings |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 51,143 |
Depreciation and amortization |  |  | 11,587 |  |  |  | 14,961 |  |  |  | 15,237 |  |  |  | - |  |  |  | 41,785 |
Expenditures for property, plant & equipment |  |  | 16,511 |  |  |  | 10,783 |  |  |  | 5,449 |  |  |  | - |  |  |  | 32,743 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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