| SCHEDULE II |
SCHEDULE II COHERENT CORP. AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS YEARS ENDED JUNE 30, 2025, 2024, AND 2023 (IN THOUSANDS OF DOLLARS) | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at
Beginning
of Year | Charged
to
Expense | Charged
to Other
Accounts | Assets Held-For-Sale | Deduction
from
Reserves | Balance
at End
of Year | | YEAR ENDED JUNE 30, 2025: | | | | | | | | | | Allowance for doubtful accounts | $ | 9,511 | | $ | 8,181 | | $ | — | | | $ | (117) | | $ | (5,386) | | (3) | $ | 12,189 | | | Warranty reserves | $ | 44,193 | | $ | 26,352 | | $ | — | | | $ | (4,299) | | $ | (33,492) | | | $ | 32,754 | | | Deferred tax asset valuation allowance | $ | 154,830 | | $ | 15,413 | | $ | 3,577 | | (2) | $ | (10,142) | | $ | — | | | $ | 163,678 | | | | | | | | | | | | YEAR ENDED JUNE 30, 2024: | | | | | | | | | | Allowance for doubtful accounts | $ | 8,005 | | $ | 5,161 | | $ | — | | | $ | — | | $ | (3,655) | | (3) | $ | 9,511 | | | Warranty reserves | $ | 47,563 | | $ | 34,362 | | $ | — | | | $ | — | | $ | (37,732) | | | $ | 44,193 | | | Deferred tax asset valuation allowance | $ | 97,180 | | $ | 57,968 | | $ | (318) | | (2) | $ | — | | $ | — | | | $ | 154,830 | | | | | | | | | | | | YEAR ENDED JUNE 30, 2023: | | | | | | | | | | Allowance for doubtful accounts | $ | 4,206 | | $ | 1,793 | | $ | 3,112 | | (1) | $ | — | | $ | (1,106) | | (3) | $ | 8,005 | | | Warranty reserves | $ | 17,738 | | $ | 40,475 | | $ | 29,196 | | (1) | $ | — | | $ | (39,846) | | | $ | 47,563 | | | Deferred tax asset valuation allowance | $ | 55,420 | | $ | 4,035 | | $ | 37,725 | | (1,2) | $ | — | | $ | — | | | $ | 97,180 | |
(1) Related to amounts assumed from the Coherent, Inc. acquisition. (2) Primarily related to currency translation adjustments. (3) Primarily relates to write-offs of accounts receivable.
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