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Quarterly Consolidated Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The following is a summary of our quarterly consolidated results of operations (unaudited) for the fiscal years ended June 30, 2019 and 2018.
(In thousands, except per share data) | First Quarter Ended September 30, 2018 |  | Second Quarter Ended December 31, 2018 |  | Third Quarter Ended March 31, 2019 |  | Fourth Quarter Ended June 30, 2019
Total revenues(1)(2) | $ | 1,093,260 |  |  | $ | 1,119,898 |  |  | $ | 1,097,311 |  |  | $ | 1,258,435 |
Gross margin | $ | 711,873 |  |  | $ | 711,638 |  |  | $ | 610,366 |  |  | $ | 665,650 |
Net income attributable to KLA | $ | 395,944 |  |  | $ | 369,100 |  |  | $ | 192,728 |  |  | $ | 217,845 |
Net income attributable to KLA per share: |  |  |  |  |  |  |
Basic(4) | $ | 2.55 |  |  | $ | 2.43 |  |  | $ | 1.23 |  |  | $ | 1.36 |
Diluted(4) | $ | 2.54 |  |  | $ | 2.42 |  |  | $ | 1.23 |  |  | $ | 1.35 |
(In thousands, except per share data) | First Quarter Ended September 30, 2017 |  | Second Quarter Ended December 31, 2017 |  | Third Quarter Ended March 31, 2018 |  | Fourth Quarter Ended June 30, 2018
Total revenues | $ | 969,581 |  |  | $ | 975,822 |  |  | $ | 1,021,294 |  |  | $ | 1,070,004 |
Gross margin | $ | 616,464 |  |  | $ | 628,820 |  |  | $ | 652,938 |  |  | $ | 692,438 |
Net income (loss) attributable to KLA(3) | $ | 280,936 |  |  | $ | (134,319 | ) |  | $ | 306,881 |  |  | $ | 348,767 |
Net income (loss) attributable to KLA per share: |  |  |  |  |  |  |
Basic(4) | $ | 1.79 |  |  | $ | (0.86 | ) |  | $ | 1.96 |  |  | $ | 2.24 |
Diluted(4) | $ | 1.78 |  |  | $ | (0.86 | ) |  | $ | 1.95 |  |  | $ | 2.22 |
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(1) | On July 1, 2018, we adopted ASC 606 using the modified retrospective transition approach. Results for reporting periods beginning after June 30, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the previous revenue guidance in ASC 605.
(2) | On February 20, 2019, we completed the acquisition of Orbotech for total consideration of approximately $3.26 billion. The operating results of Orbotech have been included in our Consolidated financial statements for the fiscal year ended June 30, 2019 from the Acquisition Date. For additional details, refer to Note 6 “Business Combinations” to our Consolidated Financial Statements.
(3) | We had a net loss of $134.3 million in the second quarter of the fiscal year ended June 30, 2018, primarily as a result of the income tax effects from the enacted tax reform legislation through the Tax Cuts and Jobs Act, which was signed into law on December 22, 2017.
(4) | Basic and diluted net income (loss) per share are computed independently for each of the quarters presented based on the weighted-average basic and fully diluted shares outstanding for each quarter. Therefore, the sum of quarterly basic and diluted net income (loss) per share information may not equal annual basic and diluted net income (loss) per share.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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