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v3.23.2

Segment and Geographic Reporting (Tables) | 12 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Financial Information of Company's Operation by Segment | The following tables summarize selected financial information of our operations by segment:
|  | Networking |  | Materials |  | Lasers |  |  |  | Unallocated & Other |  | Total
($000) |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,340,930 |  |  | $ | 1,349,758 |  |  | $ | 1,469,412 |  |  |  |  | $ | — |  |  | $ | 5,160,100 |
Inter-segment revenues |  | 70,120 |  |  | 362,179 |  |  | 1,517 |  |  |  |  | (433,817) |  |  | — |
Operating income (loss) |  | 222,365 |  |  | 159,581 |  |  | (419,066) |  |  |  |  | — |  |  | (37,120) |
Interest expense |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | (286,872) |
Other income, net |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | (31,566) |
Income taxes |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | 96,100 |
Net loss |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | (259,458) |
Depreciation and amortization |  | 172,339 |  |  | 143,243 |  |  | 366,105 |  |  |  |  | — |  |  | 681,687 |
Expenditures for property, plant & equipment |  | 98,192 |  |  | 274,434 |  |  | 63,434 |  |  |  |  | — |  |  | 436,060 |
Segment assets |  | 3,316,555 |  |  | 2,561,156 |  |  | 7,833,422 |  |  |  |  | — |  |  | 13,711,133 |
Goodwill |  | 1,036,204 |  |  | 247,695 |  |  | 3,228,801 |  |  |  |  | — |  |  | 4,512,700 |
|  | Networking |  | Materials |  | Lasers |  | Unallocated & Other |  | Total
($000) |  |  |  |  |  |  |  |  |  |
2022 |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,197,249 |  |  | $ | 1,119,367 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,316,616 |
Inter-segment revenues |  | 93,660 |  |  | 272,580 |  |  | — |  |  | (366,240) |  |  | — |
Operating income (loss) |  | 231,563 |  |  | 218,601 |  |  | — |  |  | (35,870) |  |  | 414,294 |
Interest expense |  | — |  |  | — |  |  | — |  |  | — |  |  | (121,254) |
Other income, net |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,233) |
Income taxes |  | — |  |  | — |  |  | — |  |  | — |  |  | (47,048) |
Net earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 234,759 |
Depreciation and amortization |  | 172,092 |  |  | 114,687 |  |  | — |  |  | — |  |  | 286,779 |
Expenditures for property, plant & equipment |  | 89,616 |  |  | 224,716 |  |  | — |  |  | — |  |  | 314,332 |
Segment assets |  | 4,897,252 |  |  | 2,947,594 |  |  | — |  |  | — |  |  | 7,844,846 |
Goodwill |  | 1,013,277 |  |  | 272,482 |  |  | — |  |  | — |  |  | 1,285,759 |
|  | Networking |  | Materials |  | Lasers |  | Unallocated & Other |  | Total
($000) |  |  |  |  |  |  |  |  |  |
2021 |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,004,310 |  |  | $ | 1,101,581 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,105,891 |
Inter-segment revenues |  | 76,284 |  |  | 203,481 |  |  | — |  |  | (279,765) |  |  | — |
Operating income |  | 201,453 |  |  | 227,438 |  |  | — |  |  | (26,772) |  |  | 402,119 |
Interest expense |  | — |  |  | — |  |  | — |  |  | — |  |  | (59,899) |
Other income, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,370 |
Income taxes |  | — |  |  | — |  |  | — |  |  | — |  |  | (55,038) |
Net earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 297,552 |
Depreciation and amortization |  | 160,458 |  |  | 109,611 |  |  | — |  |  | — |  |  | 270,069 |
Expenditures for property, plant & equipment |  | 85,482 |  |  | 60,855 |  |  | — |  |  | — |  |  | 146,337 |
Segment Assets |  | 4,240,869 |  |  | 2,271,781 |  |  | — |  |  | — |  |  | 6,512,650 |
Goodwill |  | 1,017,562 |  |  | 279,165 |  |  | — |  |  | — |  |  | 1,296,727 |
Geographic Information for Revenues by Location of Customer's Headquarters and Long-lived Assets by Country | Geographic information for revenues by location of the customer’s headquarters, were as follows:
|  | Revenues
Year Ended June 30, |  | 2023 |  | 2022 |  | 2021
($000) |  |  |  |  |  |
North America |  | $ | 2,745,891 |  |  | $ | 1,771,385 |  |  | $ | 1,560,254 |
Europe |  | 979,911 |  |  | 623,157 |  |  | 567,703 |
China |  | 577,180 |  |  | 614,393 |  |  | 680,479 |
Japan |  | 392,479 |  |  | 196,512 |  |  | 203,655 |
Rest of World |  | 464,639 |  |  | 111,169 |  |  | 93,800 |
Total |  | $ | 5,160,100 |  |  | $ | 3,316,616 |  |  | $ | 3,105,891 |
Major Customers We had one major customer who accounted for 10% of consolidated revenue during fiscal 2023. The customer purchased primarily from our Networking segment. 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, |  | 2023 |  | 2022
($000) |  |  |  |
United States |  | $ | 1,069,012 |  |  | $ | 902,163 |
Non-United States |  |  |  |
China |  | 365,331 |  |  | 394,056 |
Germany |  | 216,336 |  |  | 14,521 |
United Kingdom |  | 77,474 |  |  | 63,898 |
Malaysia |  | 70,424 |  |  | 64,807 |
Switzerland |  | 47,110 |  |  | 40,540 |
Sweden |  | 38,981 |  |  | 28,030 |
Korea |  | 20,869 |  |  | 4,325 |
Vietnam |  | 17,739 |  |  | 16,844 |
Australia |  | 8,641 |  |  | 10,478 |
Taiwan |  | 7,883 |  |  | 7,025 |
Philippines |  | 7,205 |  |  | 7,375 |
Other |  | 24,853 |  |  | 3,996 |
Total Non-United States |  | $ | 902,846 |  |  | $ | 655,894 |
|  | $ | 1,971,858 |  |  | $ | 1,558,057 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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