XML 51 R41.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Pending Coherent Acquisition (Details) |  |  | 3 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 08, 2021 USD ($) | Mar. 31, 2021 USD ($) $ / shares shares | Jun. 30, 2022 d $ / shares shares | Mar. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 $ / shares | Dec. 10, 2021 USD ($) | Dec. 02, 2021 USD ($) | Oct. 25, 2021 USD ($) | Jun. 30, 2021 $ / shares | Mar. 25, 2021 USD ($)
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Common stock, no par value (in usd per share) |  |  |  |  | $ 0 |  |  |  | $ 0 |
Series B-1 Convertible Preferred Stock |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Preferred stock, par value (in usd per share) |  | $ 0 |  |  |  |  |  |  |  |
Series B-1 Convertible Preferred Stock | Investment Agreement, BCPE Watson (DE) SPV, LP |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Sale of stock, shares issued (in shares) | shares |  | 75,000 |  |  |  |  |  |  |  |
Preferred stock, par value (in usd per share) |  | $ 0 |  |  |  |  |  |  |  |
Sale of stock, price per share (in usd per share) |  | $ 10,000 |  |  |  |  |  |  |  |
Aggregate purchase price of stock sold | $ |  | $ 750,000,000 |  |  |  |  |  |  |  |
Series B-2 Convertible Preferred Stock | Over-Allotment Option II |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Sale of stock, shares issued (in shares) | shares |  | 35,000 |  |  |  |  |  |  |  |
Aggregate purchase price of stock sold | $ | $ 2,150,000,000 | $ 350,000,000 |  |  |  |  |  |  |  |
Bridge Loan |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Aggregate principal amount | $ |  |  |  |  |  | $ 990,000,000 |  |  |  |
Amended and Restated Commitment Letter |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Debt financing commitment | $ |  |  |  |  |  |  | $ 4,000,000,000 |  |  |
5.000% Senior Notes |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Aggregate principal amount | $ |  |  |  |  |  | $ 990,000,000 |  |  |  |
Debt instrument, interest rate |  |  |  |  | 5.00% | 5.00% |  |  |  |
Scenario Forecast | Subsequent Event | Series B-2 Convertible Preferred Stock | Investment Agreement, BCPE Watson (DE) SPV, LP |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Sale of stock, shares issued (in shares) | shares |  |  |  | 105,000 |  |  |  |  |  |
Preferred stock, par value (in usd per share) |  |  |  | $ 0 |  |  |  |  |  |
Aggregate purchase price of stock sold | $ |  |  |  | $ 1,050,000,000.00 |  |  |  |  |  |
Coherent Inc. | Debt Financing Under Commitment Letter |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Debt financing commitment | $ |  |  |  |  |  |  |  | $ 4,990,000,000 |  | $ 5,125,000,000
Coherent Inc. | Scenario Forecast | Subsequent Event |  |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |  |
Common stock, par value (in usd per share) |  |  |  | $ 0.01 |  |  |  |  |  |
Business combination, cash consideration paid per acquiree share |  |  | $ 220.00 |  |  |  |  |  |  |
Number of shares to be received (in shares) | shares |  |  | 0.91 |  |  |  |  |  |  |
Common stock, no par value (in usd per share) |  |  | $ 0 |  |  |  |  |  |  |
Business combination, weighted average price of share, trading day period ending prior to closing | d |  |  | 10 |  |  |  |  |  |  |
Business combination, qualifying termination, of acquiree, holder of converted restricted stock units, year two, acceleration vesting percentage |  |  | 50.00% |  |  |  |  |  |  |

X
- Definition Business acquisition equity interests issued or issuable number of shares issued per each share. + References No definition available. + Details
Name: | iivi_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssuedPerEachShare
Namespace Prefix: | iivi_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Business Combination, Consideration Transferred, Cash Paid Per Acquiree Share + References No definition available. + Details
Name: | iivi_BusinessCombinationConsiderationTransferredCashPaidPerAcquireeShare
Namespace Prefix: | iivi_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Business Combination, Qualifying Termination, Acquiree, Holder of Converted Restricted Stock Units , Would have Vested in Year Two, Vesting Acceleration Percentage + References No definition available. + Details
Name: | iivi_BusinessCombinationQualifyingTerminationAcquireeHolderOfConvertedRestrictedStockUnitsWouldHaveVestedInYearTwoVestingAccelerationPercentage
Namespace Prefix: | iivi_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Business Combination, Weighted Average Price Of Share, Trading Day Period Ending Prior To Closing + References No definition available. + Details
Name: | iivi_BusinessCombinationWeightedAveragePriceOfShareTradingDayPeriodEndingPriorToClosing
Namespace Prefix: | iivi_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face amount per share of no-par value common stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockNoParValue
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Face amount or stated value per share of common stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockParOrStatedValuePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face amount per share of no-par value preferred stock nonredeemable or redeemable solely at the option of the issuer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_PreferredStockNoParValue
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Cash received on stock transaction after deduction of issuance costs. + References No definition available. + Details
Name: | us-gaap_SaleOfStockConsiderationReceivedOnTransaction
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The number of shares issued or sold by the subsidiary or equity method investee per stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockPricePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=iivi_SeriesB1ConvertiblePreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=iivi_InvestmentAgreementBCPEWatsonDESPVLPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=iivi_SeriesB2ConvertiblePreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=iivi_OverAllotmentOptionIIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_BridgeLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iivi_AmendedAndRestatedCommitmentLetterMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iivi_A500SeniorNotesDueDecember2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iivi_CoherentIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iivi_DebtFinancingUnderCommitmentLetterMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |