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Pay vs Performance Disclosure
 12 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, we provide the following disclosure regarding executive compensation for Mr. Mattera, our CEO (referred to in the tables below and related information as our principal executive officer (“PEO”)) and
Non-PEO
NEOs and Company performance for the fiscal years listed below. For information regarding the Company’s pay for performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to the CD&A.
 
 Year
  
Summary
Compensation
Table Total for
PEO Vincent
D. Mattera,
Jr.
1

($)
  
Compensation
Actually Paid
to PEO
Vincent D.
Mattera, Jr.
1,2,3

($)
  
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
1

($)
  
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
1,2,3

($)
  
Value of Initial Fixed
$100 Investment
based on:
4
  
Net Income
($
Thousands)
  
Relative Total
Shareholder
Return
(Performance
Relative to
Median)
5
 
TSR
($)
  
Peer
Group
TSR
($)
 (a)
  
(b)
  
(c)
  
(d)
  
(e)
  
(f)
  
(g)
  
(h)
  
(i)
 2023
       15,435,656       12,935,741       5,304,906       6,787,965       107.96       139.40       (259,458 )       (37.0 %)
 2022
       10,727,919       (616,749 )       2,670,549       (77,480 )       107.90       118.21       234,759       (8.8 %)
 2021
       10,459,536       24,530,582       2,820,131       6,185,153       153.73       152.65       297,552       (4.5 %)
 
1.
Vincent D. Mattera, Jr. was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2021
   
2022
   
2023
Mary Jane Raymond
    Mary Jane Raymond    Mary Jane Raymond
Walter R. Bashaw
    Walter R. Bashaw    Giovanni Barbarossa
Giovanni Barbarossa
    Giovanni Barbarossa    Mark S. Sobey
Jo Anne Schwendinger
    Christopher Koeppen    Walter R. Bashaw
 
 
    Jo Anne Schwendinger   
 
 
 
2.
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
 
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
  Year
   
Summary
Compensation
Table Total for
Vincent D.
Mattera, Jr.
($)
   
Exclusion of
Stock Awards
for Vincent D.
Mattera, Jr.
($)
  
Inclusion of
Equity Values
for Vincent D.
Mattera, Jr.
($)
  
Compensation 
Actually Paid to 
Vincent D.
Mattera, Jr.
($)
  2023
        15,435,656        (13,135,025 )       10,635,110       12,935,741
  2022
        10,727,919        (6,800,471 )       (4,544,197 )       (616,749 )
  2021
        10,459,536        (5,611,783 )       19,682,829       24,530,582
 
  Year
   
Average Summary
Compensation Table
Total for Non-PEO NEOs

($)
   
Average Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
  
Average
Inclusion of
Equity Values for
Non-PEO
NEOs
($)
  
Average
Compensation
Actually Paid to
Non-PEO NEOs 
($)
  2023
        5,304,906        (4,145,571 )       5,628,630       6,787,965
  2022
        2,670,549        (1,722,773 )       (1,025,256 )       (77,480 )
  2021
        2,820,131        (1,626,994 )       4,992,016       6,185,153
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
  Year
   
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of Year
for Vincent D.
Mattera, Jr.
($)
   
Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards
for Vincent D.
Mattera, Jr.
($)
  
Vesting-Date Fair

Value of Equity
Awards Granted
During Year that
Vested During
Year for Vincent
D. Mattera, Jr.
($)
   
Change in Fair
Value from Last
Day of Prior Year
to Vesting Date
of Unvested
Equity Awards
that Vested
During Year for
Vincent D.
Mattera, Jr.
($)
  
Fair Value at Last
Day of Prior Year
of Equity Awards
Forfeited During
Year for
Vincent D.
Mattera, Jr.
($)
   
Total - Inclusion

of
Equity Values for 
Vincent D.
Mattera, Jr.
($)
  2023
        12,192,905        (1,478,831 )         —        (78,964 )         —        10,635,110
  2022
        4,699,558        (7,552,359 )       —        (1,691,396 )       —        (4,544,197 )
  2021
        10,360,440        8,413,587       —        908,802       —        19,682,829
 
  Year
   
Average Year-

End Fair Value of
Equity Awards
Granted During
Year That
Remained
Unvested as of
Last Day of Year
for Non-PEO

NEOs
($)
   
Average Change
in Fair Value
from Last Day of
Prior Year to Last
Day of Year of
Unvested Equity
Awards for
Non-PEO

NEOs
($)
  
Average Vesting-
Date Fair Value
of Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO

NEOs
($)
   
Average Change
in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for
Non-PEO

NEOs
($)
  
Average Fair
Value at Last Day
of Prior Year of
Equity Awards
Forfeited During
Year for
Non-PEO

NEOs
($)
   
Total - Average 

Inclusion of
Equity Values
for
Non-PEO

NEOs
($)
  2023
        3,627,715        (343,093 )       2,322,462        21,546         —        5,628,630
  2022
        1,190,550        (1,890,663 )       —        (325,143 )       —        (1,025,256 )
  2021
        3,003,740        2,063,463       —        (75,187 )       —        4,992,016
 
4.
The Peer Group TSR set forth in this table utilizes a custom group of peer companies, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The comparison assumes $100 was invested for the period starting June 30, 2020, through the end of the listed year in the Company and in the custom group of peer companies used in our performance graph, respectively. The Company’s current fiscal year peer group consists of IPG Photonics Corp., Wolfspeed Inc., Lumentum Holdings, Inc., Corning, Inc., MKS Instruments, Inc., and Honeywell International, Inc. Historical stock performance is not necessarily indicative of future stock performance.
 
5.
We determined Relative Total Shareholder Return to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2023. Relative Total Shareholder Return is measured as our total shareholder return relative to the median of the returns of the individual components of the S&P Composite 1500—Electronic Equipment, Instruments & Components (Industry) over each covered year, similar to how performance is measured for our PSUs. (See discussion under “Elements of Executive Compensation” in our CD&A.) This performance measure may not have been the most important financial performance measure for fiscal years 2022 and 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Company Selected Measure Name Relative Total Shareholder Return    
Named Executive Officers, Footnote
1.
Vincent D. Mattera, Jr. was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2021
   
2022
   
2023
Mary Jane Raymond
    Mary Jane Raymond    Mary Jane Raymond
Walter R. Bashaw
    Walter R. Bashaw    Giovanni Barbarossa
Giovanni Barbarossa
    Giovanni Barbarossa    Mark S. Sobey
Jo Anne Schwendinger
    Christopher Koeppen    Walter R. Bashaw
 
 
    Jo Anne Schwendinger   
 
 
   
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes a custom group of peer companies, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The comparison assumes $100 was invested for the period starting June 30, 2020, through the end of the listed year in the Company and in the custom group of peer companies used in our performance graph, respectively. The Company’s current fiscal year peer group consists of IPG Photonics Corp., Wolfspeed Inc., Lumentum Holdings, Inc., Corning, Inc., MKS Instruments, Inc., and Honeywell International, Inc. Historical stock performance is not necessarily indicative of future stock performance. 		   
PEO Total Compensation Amount $ 15,435,656 $ 10,727,919 $ 10,459,536
PEO Actually Paid Compensation Amount $ 12,935,741 (616,749) 24,530,582
Adjustment To PEO Compensation, Footnote
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
  Year
   
Summary
Compensation
Table Total for
Vincent D.
Mattera, Jr.
($)
   
Exclusion of
Stock Awards
for Vincent D.
Mattera, Jr.
($)
  
Inclusion of
Equity Values
for Vincent D.
Mattera, Jr.
($)
  
Compensation 
Actually Paid to 
Vincent D.
Mattera, Jr.
($)
  2023
        15,435,656        (13,135,025 )       10,635,110       12,935,741
  2022
        10,727,919        (6,800,471 )       (4,544,197 )       (616,749 )
  2021
        10,459,536        (5,611,783 )       19,682,829       24,530,582
  Year
   
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of Year
for Vincent D.
Mattera, Jr.
($)
   
Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards
for Vincent D.
Mattera, Jr.
($)
  
Vesting-Date Fair

Value of Equity
Awards Granted
During Year that
Vested During
Year for Vincent
D. Mattera, Jr.
($)
   
Change in Fair
Value from Last
Day of Prior Year
to Vesting Date
of Unvested
Equity Awards
that Vested
During Year for
Vincent D.
Mattera, Jr.
($)
  
Fair Value at Last
Day of Prior Year
of Equity Awards
Forfeited During
Year for
Vincent D.
Mattera, Jr.
($)
   
Total - Inclusion

of
Equity Values for 
Vincent D.
Mattera, Jr.
($)
  2023
        12,192,905        (1,478,831 )         —        (78,964 )         —        10,635,110
  2022
        4,699,558        (7,552,359 )       —        (1,691,396 )       —        (4,544,197 )
  2021
        10,360,440        8,413,587       —        908,802       —        19,682,829
 
    
Non-PEO NEO Average Total Compensation Amount $ 5,304,906 2,670,549 2,820,131
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,787,965 (77,480) 6,185,153
Adjustment to Non-PEO NEO Compensation Footnote
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
 
  Year
   
Average Summary
Compensation Table
Total for Non-PEO NEOs

($)
   
Average Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
  
Average
Inclusion of
Equity Values for
Non-PEO
NEOs
($)
  
Average
Compensation
Actually Paid to
Non-PEO NEOs 
($)
  2023
        5,304,906        (4,145,571 )       5,628,630       6,787,965
  2022
        2,670,549        (1,722,773 )       (1,025,256 )       (77,480 )
  2021
        2,820,131        (1,626,994 )       4,992,016       6,185,153
 
  Year
   
Average Year-

End Fair Value of
Equity Awards
Granted During
Year That
Remained
Unvested as of
Last Day of Year
for Non-PEO

NEOs
($)
   
Average Change
in Fair Value
from Last Day of
Prior Year to Last
Day of Year of
Unvested Equity
Awards for
Non-PEO

NEOs
($)
  
Average Vesting-
Date Fair Value
of Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO

NEOs
($)
   
Average Change
in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for
Non-PEO

NEOs
($)
  
Average Fair
Value at Last Day
of Prior Year of
Equity Awards
Forfeited During
Year for
Non-PEO

NEOs
($)
   
Total - Average 

Inclusion of
Equity Values
for
Non-PEO

NEOs
($)
  2023
        3,627,715        (343,093 )       2,322,462        21,546         —        5,628,630
  2022
        1,190,550        (1,890,663 )       —        (325,143 )       —        (1,025,256 )
  2021
        3,003,740        2,063,463       —        (75,187 )       —        4,992,016
   
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Total Shareholder Return (“TSR”)
 
 
LOGO 		   
Compensation Actually Paid vs. Net Income
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Net Income
 
 
LOGO 		   
Compensation Actually Paid vs. Company Selected Measure
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Relative Total Shareholder Return
 
 
LOGO 		   
Total Shareholder Return Vs Peer Group
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Total Shareholder Return (“TSR”)
 
 
LOGO 		   
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2023 to Company performance. The measures in this table are not ranked and are described in our CD&A.
 
Relative TSR
Cash Flow from Operations
Revenue
Adjusted Net Income
Bonus Operating Profit
   
Total Shareholder Return Amount $ 107.96 107.9 153.73
Peer Group Total Shareholder Return Amount 139.4 118.21 152.65
Net Income (Loss) $ (259,458,000) $ 234,759,000 $ 297,552,000
Company Selected Measure Amount 0.37 0.088 0.045
PEO Name Vincent D. Mattera    
Measure:: 1      
Pay vs Performance Disclosure      
Name Relative TSR    
Non-GAAP Measure Description We determined Relative Total Shareholder Return to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2023. Relative Total Shareholder Return is measured as our total shareholder return relative to the median of the returns of the individual components of the S&P Composite 1500—Electronic Equipment, Instruments & Components (Industry) over each covered year, similar to how performance is measured for our PSUs. (See discussion under “Elements of Executive Compensation” in our CD&A.) This performance measure may not have been the most important financial performance measure for fiscal years 2022 and 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years. 		   
Measure:: 2      
Pay vs Performance Disclosure      
Name Cash Flow from Operations    
Measure:: 3      
Pay vs Performance Disclosure      
Name Revenue    
Measure:: 4      
Pay vs Performance Disclosure      
Name Adjusted Net Income    
Measure:: 5      
Pay vs Performance Disclosure      
Name Bonus Operating Profit    
PEO | Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (13,135,025) $ (6,800,471) $ (5,611,783)
PEO | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 10,635,110 (4,544,197) 19,682,829
PEO | Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 12,192,905 4,699,558 10,360,440
PEO | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,478,831) (7,552,359) 8,413,587
PEO | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (78,964) (1,691,396) 908,802
Non-PEO NEO | Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (4,145,571) (1,722,773) (1,626,994)
Non-PEO NEO | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 5,628,630 (1,025,256) 4,992,016
Non-PEO NEO | Year End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,627,715 1,190,550 3,003,740
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (343,093) (1,890,663) 2,063,463
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,322,462    
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 21,546 $ (325,143) $ (75,187)