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Equity and Redeemable Preferred Stock (Tables) | 12 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Measurement Inputs Used to Estimate Future Market Value | Upon issuance of the Mandatory Convertible Preferred Stock, we used a Monte Carlo simulation model to estimate the future market value of the Coherent 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, 2023, and June 30, 2022:
|  | Year Ended June 30, 2023 |  | Year Ended June 30, 2022
Dividends per share |  | $ | 12 |  |  | $ | 12 |
Series A Mandatory Convertible Preferred Stock dividends ($000) |  | 27,600 |  |  | 27,600 |
The following table presents dividends per share and dividends recognized for the years ended June 30, 2023, and June 30, 2022:
|  | Year Ended June 30, 2023 |  | Year Ended June 30, 2022
Dividends per share |  | $ | 542 |  |  | $ | 542 |
Dividends ($000) |  | 111,785 |  |  | 38,598 |
Deemed dividends ($000) |  | 4,827 |  |  | 2,027 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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