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Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2019

Compensation And Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations and Plan Assets

The changes in the funded status of the Swiss Plan during the fiscal years ended June 30, 2019 and 2018 were as follows:

Year Ended June 30,		2019				2018
Change in projected benefit obligation:
Projected benefit obligation, beginning of period		$	62,554			$	59,518
Service cost			3,629				3,766
Interest cost			528				424
Benefits accumulated, net of benefits paid			(103	)			1,474
Plan amendments			-				(4,068	)
Actuarial (gain) loss on obligation			6,690				1,606
Participant contributions			1,557				1,415
Currency translation adjustment			(1,372	)			(1,581	)
Projected benefit obligation, end of period		$	73,483			$	62,554
Change in plan assets:
Plan assets at fair value, beginning of period			49,034				42,990
Actual return on plan assets			342				1,566
Employer contributions			2,965				2,731
Participant contributions			1,557				1,415
Benefits accumulated, net of benefits paid			(103	)			1,474
Currency translation adjustment			(1,076	)			(1,142	)
Plan assets at fair value, end of period		$	52,719			$	49,034
Amounts recognized in consolidated balance sheets:
Other non-current assets:
Deferred tax asset		$	4,392			$	2,859
Other non-current liabilities:
Underfunded pension liability			20,764				13,520
Amounts recognized in accumulated other comprehensive income:
Pension adjustment		$	(11,784	)		$	2,846
Accumulated benefit obligation, end of period		$	69,682			$	59,800

Schedule of Net Periodic Pension Costs

Net periodic pension cost associated with the Swiss Plan included the following components:

Year Ended June 30,		2019				2018				2017
Service cost		$	3,629			$	3,766			$	3,689
Interest cost			528				424				163
Expected return on plan assets			951				849				(742	)
Net actuarial loss and prior service credit			185				203				594
Net periodic pension cost		$	5,293			$	5,242			$	3,704

Schedule of Projected and Accumulated Benefit Obligations Rates

The projected and accumulated benefit obligations for the Swiss Plan were calculated as of June 30, 2019 and 2018 using the following assumptions:

June 30,		2019				2018
Discount rate			0.5	%			0.9	%
Salary increase rate			2.0	%			2.0	%

Schedule of Assumptions Used in Calculation of Net Periodic Pension Cost

The net periodic pension cost for the Swiss Plan was calculated during the fiscal years ended June 30, 2019, 2018, and 2017 using the following assumptions:

Year Ended June 30,		2019				2018				2017
Discount rate			0.9	%			0.8	%			0.3	%
Salary increase rate			2.0	%			2.0	%			2.0	%
Expected return on plan assets			2.0	%			2.0	%			2.0	%

Schedule of Swiss Plan's Asset Allocation

The Swiss Plan is legally separate from II-VI, as are the assets of the plan. As of June 30, 2019, the Swiss Plan’s asset allocation was as follows (all of which are categorized as Level 2 in the fair value hierarchy):

June 30,		2019				2018
Fixed income investments			12.0	%			12.0	%
Equity investments			50.0	%			50.0	%
Real estate			28.0	%			31.0	%
Cash			7.0	%			4.0	%
Other			3.0	%			3.0	%
			100.0	%			100.0	%

Schedule of Estimated Future Benefit Payments Under Swiss Plan

Estimated future benefit payments under the Swiss Plan are estimated to be as follows:

Year Ending June 30,
($000)
2020		$	3,400
2021			2,900
2022			3,000
2023			3,300
2024			5,100
Next five years		$	24,300

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Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation.

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

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Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

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Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost.

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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