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Segment and Geographic Reporting
 12 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment and Geographic Reporting Segment and Geographic 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 two segments, 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 Compound Semiconductors segment has locations in the United States, Singapore, China, Germany, Switzerland, Japan, Belgium, the United Kingdom, Italy, South Korea, the Philippines, Vietnam, Sweden, and Taiwan. This segment address all of II-VI's seven end markets, namely: communications, industrial, aerospace & defense, consumer electronics, semiconductor capital equipment, life sciences and automotive. This segment designs, manufactures and markets the following products: (i) optical and electro-optical components and materials used primarily in CO2 lasers, fiber-lasers and direct diode lasers for materials processing applications; (ii) infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications; (iii) semiconductor lasers and detectors for optical interconnects and sensing applications; (iv) engineered materials for thermoelectric, ceramics and silicon carbide for a wide range of applications; and (v) compound semiconductor epitaxial wafers for applications in optical and wireless communication.
The Photonic Solutions segment has locations in the United States, China, Vietnam, Germany, Japan, the United Kingdom, Italy, Malaysia, Australia, and Hong Kong. This segment manufactures (i) transceivers for data centers and telecom optical networks; (ii) pump lasers, optical amplifiers, wavelength selective switches and advanced components for telecom networks; (iii) crystal materials, optics, lasers and optoelectronic modules for a wide range of applications, including in optical communications, life sciences, and consumer electronics markets.
The accounting policies are consistent across both of the segments. To the extent possible, 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 from continuing 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 in the fiscal years ended June 30, 2022 and June 30, 2021. In the fiscal year ended June 30, 2020, it included transaction costs related to the Finisar acquisition.
The following tables summarize selected financial information of the Company’s operations by segment:
Photonic SolutionsCompound SemiconductorsUnallocated
& Other		Total
($000)
2022
Revenues$2,226,196 $1,090,420 $— $3,316,616 
Inter-segment revenues36,898 329,342 (366,240)— 
Operating income (loss)230,094 220,070 (35,870)414,294 
Interest expense— — — (121,254)
Other income, net— — — (11,233)
Income taxes— — — (47,048)
Net earnings— — — 234,759 
Depreciation and amortization172,851 113,928 — 286,779 
Expenditures for property, plant & equipment89,818 224,514 — 314,332 
Segment assets4,875,053 2,969,793 — 7,844,846 
Goodwill1,048,743 237,016 — 1,285,759 
Photonic SolutionsCompound SemiconductorsUnallocated
& Other		Total
($000)
2021
Revenues$2,038,284 $1,067,607 $— $3,105,891 
Inter-segment revenues35,358 244,407 (279,765)— 
Operating income (loss)207,652 221,239 (26,772)402,119 
Interest expense— — — (59,899)
Other income, net— — — 10,370 
Income taxes— — — (55,038)
Net loss— — — 297,552 
Depreciation and amortization161,208 108,861 — 270,069 
Expenditures for property, plant & equipment87,304 59,033 — 146,337 
Segment assets4,231,289 2,281,361 — 6,512,650 
Goodwill1,053,028 243,699 — 1,296,727 
Photonic SolutionsCompound SemiconductorsUnallocated
& Other		Total
($000)
2020
Revenues$1,536,790 $821,230 $22,051 $2,380,071 
Inter-segment revenues31,515 164,884 (196,399)— 
Operating income49,930 62,279 (72,730)39,479 
Interest expense— — — (89,409)
Other income, net— — — (13,998)
Income taxes— — — (3,101)
Net earnings— — — (67,029)
Depreciation and amortization112,203 104,936 3,743 220,882 
Expenditures for property, plant & equipment45,795 88,318 2,764 136,877 
Segment Assets3,502,467 1,732,247 — 5,234,714 
Goodwill1,052,494 186,515 — 1,239,009 

Geographic information for revenues by location of the customer's headquarters, were as follows:
Revenues
Year Ended June 30,202220212020
($000)
North America$1,771,385 $1,560,254 $1,085,146 
Europe623,157 567,703 437,908 
China614,393 680,479 483,393 
Japan196,512 203,655 183,587 
Rest of World111,169 93,800 190,038 
Total$3,316,616 $3,105,891 $2,380,071 
    

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:
Long-Lived Assets
June 30,20222021
($000)
United States$902,163 $737,151 
Non-United States
China394,056 402,987 
United Kingdom63,898 60,090 
Malaysia64,807 53,187 
Switzerland40,540 37,121 
Sweden28,030 27,374 
Germany14,521 16,703 
Australia10,478 13,627 
Vietnam16,844 10,246 
Philippines7,375 7,890 
Taiwan7,025 6,532 
Korea4,325 4,595 
Hong Kong1,645 2,104 
Other2,350 1,916 
Total Non-United States$655,894 $644,372 
$1,558,057 $1,381,523