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Equity and Redeemable Preferred Stock (Tables)
 12 Months Ended
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, 2023Year 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, 2023Year Ended June 30, 2022
Dividends per share$542 $542 
Dividends ($000)111,785 38,598 
Deemed dividends ($000)4,827 2,027