10-Q Filing

COHERENT CORP. CIK: 820318 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0000820318-21-000012`
Period End Date	20210331
Filing Date	20210507
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	iivi-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 56 Cash Flow Statement 90 Stockholders Equity 76 Comprehensive Income 43

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$493.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.54B	USD	Point-in-time
Accounts receivable - less allowance for doubtful accounts of $1,095 at March 31, 2021 and $1,698 at June 30, 2020	`AccountsReceivableNetCurrent`	$598.12M	USD	Point-in-time
Accounts receivable - less allowance for doubtful accounts of $1,095 at March 31, 2021 and $1,698 at June 30, 2020	`AccountsReceivableNetCurrent`	$615.16M	USD	Point-in-time
Inventories	`InventoryNet`	$619.81M	USD	Point-in-time
Inventories	`InventoryNet`	$673.74M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$12.28M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$9.13M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.70M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$65.71M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$55.42M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.09M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.89B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.79B	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.21B	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.23B	USD	Point-in-time
Goodwill	`Goodwill`	$1.29B	USD	Point-in-time
Goodwill	`Goodwill`	$1.24B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$758.37M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$739.49M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$22.94M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$36.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$210.66M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$171.62M	USD	Point-in-time
Total Assets	`Assets`	$6.36B	USD	Point-in-time
Total Assets	`Assets`	$5.23B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$69.25M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$62.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$268.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$277.62M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$141.53M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$157.56M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	118.37M	shares	Point-in-time
Operating lease current liabilities	`OperatingLeaseLiabilityCurrent`	$23.26M	USD	Point-in-time
Operating lease current liabilities	`OperatingLeaseLiabilityCurrent`	$24.63M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	105.92M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	13.49M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	13.36M	shares	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$32.56M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$33.34M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$119.34M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$141.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$672.89M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$678.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.32B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.19B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$66.86M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$45.55M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$110.22M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$94.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$141.05M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$158.67M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.16B	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.32B	USD	Point-in-time
Series B redeemable convertible preferred stock, no par value, 5% cumulative; authorized - 215,000 shares; issued - 75,000 shares at March 31, 2021, redemption value - $750,100	`TemporaryEquityCarryingAmountAttributableToParent`	$716.20M	USD	Point-in-time
Series B redeemable convertible preferred stock, no par value, 5% cumulative; authorized - 215,000 shares; issued - 75,000 shares at March 31, 2021, redemption value - $750,100	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Series A preferred stock, no par value, 6% cumulative; authorized - 5,000,000 shares; issued - 2,300,000 shares at March 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Series A preferred stock, no par value, 6% cumulative; authorized - 5,000,000 shares; issued - 2,300,000 shares at March 31, 2021	`PreferredStockValue`	$445.32M	USD	Point-in-time
Common stock, no par value; authorized - 300,000,000 shares; issued - 118,369,820 shares at March 31, 2021; 105,916,068 shares at June 30, 2020	`CommonStockValue`	$2.01B	USD	Point-in-time
Common stock, no par value; authorized - 300,000,000 shares; issued - 118,369,820 shares at March 31, 2021; 105,916,068 shares at June 30, 2020	`CommonStockValue`	$1.49B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-87.38M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$876.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.07B	USD	Point-in-time
Shareholders' equity excluding treasury stock	`ShareholdersEquityExcludingTreasuryStock`	$3.53B	USD	Point-in-time
Shareholders' equity excluding treasury stock	`ShareholdersEquityExcludingTreasuryStock`	$2.28B	USD	Point-in-time
Treasury stock, at cost; 13,489,953 shares at March 31, 2021 and 13,356,447 shares at June 30, 2020	`TreasuryStockValue`	$199.31M	USD	Point-in-time
Treasury stock, at cost; 13,489,953 shares at March 31, 2021 and 13,356,447 shares at June 30, 2020	`TreasuryStockValue`	$207.24M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.33B	USD	Point-in-time
Total Liabilities, Mezzanine Equity and Shareholders' Equity	`LiabilitiesTemporaryEquityAndEquity`	$5.23B	USD	Point-in-time
Total Liabilities, Mezzanine Equity and Shareholders' Equity	`LiabilitiesTemporaryEquityAndEquity`	$6.36B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$783.23M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.63B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.30B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$627.04M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.12B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$483.68M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.39B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$381.11M	USD	1 Quarter
Internal research and development	`ResearchAndDevelopmentExpense`	$83.23M	USD	1 Quarter
Internal research and development	`ResearchAndDevelopmentExpense`	$94.76M	USD	1 Quarter
Internal research and development	`ResearchAndDevelopmentExpense`	$246.34M	USD	3 Qtrs
Internal research and development	`ResearchAndDevelopmentExpense`	$238.58M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$82.13M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$357.32M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$131.24M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$306.85M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.03M	USD	1 Quarter
Interest expense	`InterestExpense`	$63.89M	USD	3 Qtrs
Interest expense	`InterestExpense`	$45.83M	USD	3 Qtrs
Interest expense	`InterestExpense`	$28.53M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-12.73M	USD	3 Qtrs
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-7.17M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$21.43M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$246.00K	USD	3 Qtrs
Total Costs, Expenses, & Other Expense (Income)	`CostsAndExpenses`	$593.70M	USD	1 Quarter
Total Costs, Expenses, & Other Expense (Income)	`CostsAndExpenses`	$2.04B	USD	3 Qtrs
Total Costs, Expenses, & Other Expense (Income)	`CostsAndExpenses`	$1.74B	USD	3 Qtrs
Total Costs, Expenses, & Other Expense (Income)	`CostsAndExpenses`	$689.75M	USD	1 Quarter
Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$93.48M	USD	1 Quarter
Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$259.34M	USD	3 Qtrs
Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-104.64M	USD	3 Qtrs
Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.34M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$27.42M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$13.65M	USD	3 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$44.08M	USD	3 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$12.39M	USD	1 Quarter
Net Earnings	`ProfitLoss`	$81.09M	USD	1 Quarter
Net Earnings	`ProfitLoss`	$-118.29M	USD	3 Qtrs
Net Earnings	`ProfitLoss`	$5.92M	USD	1 Quarter
Net Earnings	`ProfitLoss`	$215.26M	USD	3 Qtrs
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$7.01M	USD	1 Quarter
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$20.35M	USD	3 Qtrs
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	-	USD	3 Qtrs
Net Earnings available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.92M	USD	1 Quarter
Net Earnings available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$74.08M	USD	1 Quarter
Net Earnings available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-118.29M	USD	3 Qtrs
Net Earnings available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$194.91M	USD	3 Qtrs
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$-1.43	USD	3 Qtrs
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$1.88	USD	3 Qtrs
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$1.78	USD	3 Qtrs
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$-1.43	USD	3 Qtrs

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net earnings (loss)	`ProfitLoss`	$81.09M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$-118.29M	USD	3 Qtrs
Net earnings (loss)	`ProfitLoss`	$5.92M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$215.26M	USD	3 Qtrs
Depreciation	`Depreciation`	$138.30M	USD	3 Qtrs
Depreciation	`Depreciation`	$101.75M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$45.37M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$61.57M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$48.92M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$54.42M	USD	3 Qtrs
Amortization of discount on convertible debt and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$15.51M	USD	3 Qtrs
Amortization of discount on convertible debt and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$15.92M	USD	3 Qtrs
Debt extinguishment costs	`DebtExtinguishmentCosts`	$3.96M	USD	3 Qtrs
Debt extinguishment costs	`DebtExtinguishmentCosts`	$24.75M	USD	3 Qtrs
Losses on foreign currency remeasurements and transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.15M	USD	3 Qtrs
Losses on foreign currency remeasurements and transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.26M	USD	3 Qtrs
Earnings from equity investments	`IncomeLossFromEquityMethodInvestments`	$2.01M	USD	3 Qtrs
Earnings from equity investments	`IncomeLossFromEquityMethodInvestments`	$1.78M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-32.70M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.96M	USD	3 Qtrs
Equity Method Investment, Other than Temporary Impairment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	3 Qtrs
Equity Method Investment, Other than Temporary Impairment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$4.98M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.75M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.45M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.16M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-95.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.48M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.32M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-11.18M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-7.59M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-16.03M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.33M	USD	3 Qtrs
Other operating net assets (liabilities)	`IncreaseDecreaseInOtherOperatingCapitalNet`	$36.15M	USD	3 Qtrs
Other operating net assets (liabilities)	`IncreaseDecreaseInOtherOperatingCapitalNet`	$691.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$120.49M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$446.85M	USD	3 Qtrs
Additions to property, plant & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$107.97M	USD	3 Qtrs
Additions to property, plant & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$105.33M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$34.43M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.04B	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.04M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.06M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.15B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.82M	USD	3 Qtrs
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$460.00M	USD	3 Qtrs
Proceeds from borrowings of Revolving Credit Facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	3 Qtrs
Proceeds from borrowings of Revolving Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$160.00M	USD	3 Qtrs
Proceeds from borrowings under prior Credit Facility	`ProceedsFromBorrowingsUnderPriorCreditFacility`	$10.00M	USD	3 Qtrs
Proceeds from borrowings under prior Credit Facility	`ProceedsFromBorrowingsUnderPriorCreditFacility`	-	USD	3 Qtrs
Payments on Finisar Notes	`RepaymentsOfAssumedDebt`	$560.11M	USD	3 Qtrs
Payments on Finisar Notes	`RepaymentsOfAssumedDebt`	-	USD	3 Qtrs
Payments on borrowings under prior Term Loan, Credit Facility and other loans	`PaymentsOnBorrowingsUnderPriorTermLoanCreditFacilityAndOtherLoans`	$176.60M	USD	3 Qtrs
Payments on borrowings under prior Term Loan, Credit Facility and other loans	`PaymentsOnBorrowingsUnderPriorTermLoanCreditFacilityAndOtherLoans`	-	USD	3 Qtrs
Payments on borrowings under Revolving Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$70.00M	USD	3 Qtrs
Payments on borrowings under Revolving Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$74.00M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$63.51M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$58.60M	USD	3 Qtrs
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.06M	USD	3 Qtrs
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$31.56M	USD	3 Qtrs
Common stock repurchase	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Common stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$1.62M	USD	3 Qtrs
Payments in satisfaction of employees' minimum tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.25M	USD	3 Qtrs
Payments in satisfaction of employees' minimum tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.68M	USD	3 Qtrs
Payment of dividends	`PaymentsOfOrdinaryDividends`	-	USD	3 Qtrs
Payment of dividends	`PaymentsOfOrdinaryDividends`	$13.42M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.97M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.01M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$709.19M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.21B	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.04M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.53M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$183.24M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.04B	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$388.11M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.54B	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$204.87M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$493.05M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$388.11M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.54B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$204.87M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$493.05M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$46.43M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$17.96M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$53.70M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$34.14M	USD	3 Qtrs
Additions to property, plant & equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$16.25M	USD	3 Qtrs
Additions to property, plant & equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$21.65M	USD	3 Qtrs

Stockholders Equity 76 line items

Line Item	Tag	Value	Unit	Period
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$989.00K	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-152.00K	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-7.49M	USD	3 Qtrs
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$782.00K	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-8.47M	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$2.30M	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$2.93M	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-23.00K	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$92.00K	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-46.00K	USD	3 Qtrs
Beginning balance	`StockholdersEquity`	$2.13B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.13B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.33B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.05B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.24B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.07B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.02B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.08B	USD	Point-in-time
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$24.26M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$17.52M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$49.21M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$11.27M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$6.39M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$42.22M	USD	1 Quarter
Shares issued (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	10.70M	shares	1 Quarter
Shares issued in underwritten public offering	`StockIssuedDuringPeriodValueNewIssues`	$883.91M	USD	1 Quarter
Common stock repurchase (in shares)	`TreasuryStockSharesAcquired`	1.42M	shares	26 Qtrs
Common stock repurchase (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Common stock repurchase	`TreasuryStockValueAcquiredCostMethod`	$1.62M	USD	1 Quarter
Common stock repurchase	`TreasuryStockValueAcquiredCostMethod`	$22.30M	USD	26 Qtrs
Shares issued related to Finisar acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$987.71M	USD	1 Quarter
Accretion to redemption value of Series B shares issued in March 2021	`PreferredStockAccretionOfRedemptionDiscount`	$9.00K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-26.00M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$215.26M	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$87.90M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-98.21M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$81.09M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$46.27M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$5.92M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-118.29M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.02M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$35.52M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$24.59M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-28.26M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$81.19M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-39.83M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.40M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$64.07M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$10.69M	USD	3 Qtrs
Change in fair value of interest rate swap, net of taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$3.61M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-555.00K	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$2.85M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-27.80M	USD	3 Qtrs
Change in fair value of interest rate swap, net of taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$8.39M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-31.41M	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$251.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	-	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	-	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$-84.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$167.00K	USD	3 Qtrs
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	-	USD	3 Qtrs
Dividends	`Dividends`	$6.90M	USD	1 Quarter
Dividends	`Dividends`	$7.00M	USD	1 Quarter
Dividends	`Dividends`	$6.54M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$2.13B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.13B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.33B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.05B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.24B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.07B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.02B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.08B	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$716.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$716.20M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time

Comprehensive Income 43 line items

Line Item	Tag	Value	Unit	Period
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$989.00K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-26.00M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$215.26M	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$87.90M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-98.21M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$81.09M	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-152.00K	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-7.49M	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$46.27M	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$782.00K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$5.92M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-118.29M	USD	3 Qtrs
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-8.47M	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$2.30M	USD	1 Quarter
Change in fair value of interest rate swap, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$2.93M	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-23.00K	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$92.00K	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-46.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.02M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$35.52M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$24.59M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-28.26M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$81.19M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-39.83M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.40M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$64.07M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes of $2,299 and $2,929 for the three and nine months ended March 31, 2021, respectively, and $(8,475) and $(7,486) for the three and nine months ended March 31, 2020	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$10.69M	USD	3 Qtrs
Change in fair value of interest rate swap, net of taxes of $2,299 and $2,929 for the three and nine months ended March 31, 2021, respectively, and $(8,475) and $(7,486) for the three and nine months ended March 31, 2020	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$3.61M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes of $2,299 and $2,929 for the three and nine months ended March 31, 2021, respectively, and $(8,475) and $(7,486) for the three and nine months ended March 31, 2020	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-555.00K	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes of $2,299 and $2,929 for the three and nine months ended March 31, 2021, respectively, and $(8,475) and $(7,486) for the three and nine months ended March 31, 2020	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$2.85M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes of $2,299 and $2,929 for the three and nine months ended March 31, 2021, respectively, and $(8,475) and $(7,486) for the three and nine months ended March 31, 2020	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-27.80M	USD	3 Qtrs
Change in fair value of interest rate swap, net of taxes of $2,299 and $2,929 for the three and nine months ended March 31, 2021, respectively, and $(8,475) and $(7,486) for the three and nine months ended March 31, 2020	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$8.39M	USD	1 Quarter
Change in fair value of interest rate swap, net of taxes of $2,299 and $2,929 for the three and nine months ended March 31, 2021, respectively, and $(8,475) and $(7,486) for the three and nine months ended March 31, 2020	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-31.41M	USD	1 Quarter
Pension adjustment, net of taxes of ($46) for the nine months ended March 31, 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$251.00K	USD	1 Quarter
Pension adjustment, net of taxes of ($46) for the nine months ended March 31, 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	-	USD	1 Quarter
Pension adjustment, net of taxes of ($46) for the nine months ended March 31, 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	-	USD	1 Quarter
Pension adjustment, net of taxes of ($46) for the nine months ended March 31, 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$-84.00K	USD	1 Quarter
Pension adjustment, net of taxes of ($46) for the nine months ended March 31, 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$167.00K	USD	3 Qtrs
Pension adjustment, net of taxes of ($46) for the nine months ended March 31, 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	-	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$307.14M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$71.09M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-174.51M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-65.31M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.