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Equity and Redeemable Preferred Stock (Tables) | 12 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Measurement Inputs Used to Estimate Future Market Value | Upon issuance of the Mandatory Convertible Preferred Stock, the Company used a Monte Carlo simulation model to estimate the future market value of the II-VI Common Stock on the mandatory conversion date, based on the following inputs:
Expected Volatility | 50% - 55%
Cost of Equity | 14% - 17%
Dividend Yield | none
Dividends Declared | The following table presents dividends per share and dividends recognized for the years ended June 30, 2022, and June 30, 2021:
|  |  | Year Ended June 30, 2022 |  | Year Ended June 30, 2021
Dividends per share |  |  | 12.00 |  | 11.80
Series A Mandatory Convertible Preferred Stock dividends ($000) |  |  | 27,600 |  | 27,140
The following table presents dividends per share and dividends recognized for the years ended June 30, 2022, and June 30, 2021:
|  |  | Year Ended June 30, 2022 |  | Year Ended June 30, 2021
Dividends per share |  |  | 541.66 |  | 134.55
Dividends ($000) |  |  | 38,598 |  | 9,583
Deemed dividends ($000) |  |  | 2,027 |  | 508

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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