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Goodwill and Other Intangible Assets | 12 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill were as follows ($000):
|  | Year Ended June 30, 2025
|  | Networking |  | Materials |  | Lasers |  | Total
Balance at beginning of period |  | $ | 1,036,592 |  |  | $ | 245,983 |  |  | $ | 3,181,754 |  |  | $ | 4,464,329 |
Other reclassifications (See Note 21) |  | — |  |  | (8,577) |  |  | (165,796) |  |  | (174,373) |
Foreign currency translation and other |  | 1,847 |  |  | 4,061 |  |  | 175,220 |  |  | 181,128 |
Balance-end of period |  | $ | 1,038,439 |  |  | $ | 241,467 |  |  | $ | 3,191,178 |  |  | $ | 4,471,084 |
| Year Ended June 30, 2024
| Networking |  | Materials |  | Lasers |  | Total
Balance-beginning of period | $ | 1,036,204 |  |  | $ | 247,695 |  |  | $ | 3,228,801 |  |  | $ | 4,512,700 |
Foreign currency translation and other | 388 |  |  | (1,712) |  |  | (47,047) |  |  | (48,371) |
Balance-end of period | $ | 1,036,592 |  |  | $ | 245,983 |  |  | $ | 3,181,754 |  |  | $ | 4,464,329 |
The gross carrying amount and accumulated amortization of our intangible assets other than goodwill as of June 30, 2025 and 2024 were as follows ($000):
|  | June 30, 2025 |  | June 30, 2024
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Technology |  | $ | 1,534,066 |  |  | $ | (513,181) |  |  | $ | 1,020,885 |  |  | $ | 1,653,289 |  |  | $ | (394,040) |  |  | $ | 1,259,249 |
Trade Names |  | 438,471 |  |  | (8,471) |  |  | 430,000 |  |  | 438,470 |  |  | (8,470) |  |  | 430,000 |
Customer Lists |  | 2,440,834 |  |  | (686,972) |  |  | 1,753,862 |  |  | 2,310,550 |  |  | (498,252) |  |  | 1,812,298 |
Backlog and Other |  | 90,121 |  |  | (90,121) |  |  | — |  |  | 88,792 |  |  | (87,092) |  |  | 1,700 |
Total |  | $ | 4,503,492 |  |  | $ | (1,298,745) |  |  | $ | 3,204,747 |  |  | $ | 4,491,101 |  |  | $ | (987,854) |  |  | $ | 3,503,247 |
Amortization expense recorded on the intangible assets for the fiscal years ended June 30, 2025, 2024 and 2023 was $303 million, $288 million, and $414 million, respectively. The technology intangible assets are being amortized over a range of 60 to 240 months with a weighted-average remaining life of approximately 116 months, and the amortization is recorded in Cost of goods sold in our Consolidated Statements of Earnings (Loss). The customer lists are being amortized over 60 to 192 months with a weighted-average remaining life of approximately 138 months, and the amortization is recorded in SG&A in our Consolidated Statements of Earnings (Loss). Amortization expense in the fiscal year ended June 30, 2025 includes a total of $17 million of impairment charges in the Materials segment related to the abandonment of certain purchased technology and licenses, with $14 million recorded in cost of goods sold and $3 million recorded in R&D in our Consolidated Statements of Earnings (Loss). There were no impairment charges included in amortization expense in the fiscal year ended June 30, 2024. Amortization expense in the fiscal year ended June 30, 2023 includes a total of $39 million of impairment charges, with $33 million in the Materials segment and $7 million in the Networking segment. $25 million of the impairment charges related to the abandonment of certain purchased technology and customer lists, with $8 million recorded in Cost of goods sold and $18 million recorded in SG&A in our Consolidated Statement of Earnings (Loss). $14 million of impairment charges, recorded in SG&A, related to the abandonment of indefinite-lived trade names primarily due to the fiscal 2023 rebranding of the Company as Coherent Corp. In the fourth quarter of fiscal year 2025, we completed our impairment test of our $430 million indefinite-lived Coherent trade name acquired in the Merger, concluding it was not impaired. The estimated amortization expense for existing intangible assets for each of the five succeeding years is as follows ($000):
Year Ending June 30, |
2026 | $ | 282,869 |
2027 | 281,618 |
2028 | 279,930 |
2029 | 273,718 |
2030 | 251,603 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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