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Segment Reporting | 3 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company reports its business segments using the “management approach” model for segment reporting. This means that we determine our reportable business segments based on the way the chief operating decision-maker organizes business segments within the Company for making operating decisions and assessing financial performance. We report our financial results in the following three segments: (i) Networking, (ii) Materials, and (iii) Lasers. Our chief operating decision maker receives and reviews financial information based on these three segments. We evaluate business segment performance based upon segment operating income, which is defined as earnings before income taxes, interest and other income or expense. The segments are managed separately due to the market, production requirements and facilities unique to each segment. The accounting policies are consistent across each segment. To the extent possible, our corporate expenses and assets are allocated to the segments. The following tables summarize selected financial information of our operations by segment ($000):
| Three Months Ended September 30, 2023
| Networking |  | Materials |  | Lasers |  | Unallocated & Other |  | Total
Revenues | $ | 472,849 |  |  | $ | 244,640 |  |  | $ | 335,594 |  |  | $ | — |  |  | $ | 1,053,083 |
Inter-segment revenues | 12,887 |  |  | 87,742 |  |  | 639 |  |  | (101,268) |  |  | — |
Operating income (loss) | 16,317 |  |  | 7,182 |  |  | (44,807) |  |  | — |  |  | (21,308) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | (73,258) |
Other income (expense), net | — |  |  | — |  |  | — |  |  | — |  |  | 6,269 |
Income tax benefit | — |  |  | — |  |  | — |  |  | — |  |  | 20,763 |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | (67,534) |
Depreciation and amortization | 40,436 |  |  | 25,287 |  |  | 72,636 |  |  | — |  |  | 138,359 |
Expenditures for property, plant & equipment | 17,493 |  |  | 40,512 |  |  | 4,192 |  |  | — |  |  | 62,197 |
Segment assets | 3,329,101 |  |  | 2,100,915 |  |  | 8,091,282 |  |  | — |  |  | 13,521,298 |
Goodwill | 1,035,651 |  |  | 247,049 |  |  | 3,177,444 |  |  | — |  |  | 4,460,144 |
| Three Months Ended September 30, 2022
| Networking |  | Materials |  | Lasers |  | Unallocated & Other |  | Total
Revenues | $ | 596,548 |  |  | $ | 355,644 |  |  | $ | 392,378 |  |  | $ | — |  |  | $ | 1,344,570 |
Inter-segment revenues | 18,740 |  |  | 95,054 |  |  | 166 |  |  | (113,960) |  |  | — |
Operating income (loss) | 90,982 |  |  | 75,335 |  |  | (123,841) |  |  | — |  |  | 42,476 |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | (61,889) |
Other income (expense), net | — |  |  | — |  |  | — |  |  | — |  |  | (31,605) |
Income tax benefit | — |  |  | — |  |  | — |  |  | — |  |  | 12,320 |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | (38,698) |
Depreciation and amortization | 42,774 |  |  | 26,527 |  |  | 77,985 |  |  | — |  |  | 147,286 |
Expenditures for property, plant & equipment | 43,830 |  |  | 74,898 |  |  | 20,262 |  |  | — |  |  | 138,990 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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