XML 51 R42.htm IDEA: XBRL DOCUMENT
v3.22.4

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Results for Reportable Segments | The following is a summary of results for each of our three reportable segments for the indicated periods:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Semiconductor Process Control: |  |  |  |  |  |  |
Revenues | $ | 2,657,395 |  |  | $ | 2,052,202 |  |  | $ | 5,055,154 |  |  | $ | 3,831,285 |
Segment gross profit | 1,678,037 |  |  | 1,342,937 |  |  | 3,255,019 |  |  | 2,504,866 |
Specialty Semiconductor Process: |  |  |  |  |  |  |
Revenues | 158,085 |  |  | 112,738 |  |  | 285,952 |  |  | 214,767 |
Segment gross profit | 84,040 |  |  | 60,274 |  |  | 151,080 |  |  | 114,995 |
PCB, Display and Component Inspection: |  |  |  |  |  |  |
Revenues | 169,959 |  |  | 187,977 |  |  | 370,704 |  |  | 390,785 |
Segment gross profit | 53,864 |  |  | 82,322 |  |  | 139,538 |  |  | 176,798 |
Totals: |  |  |  |  |  |  |
Revenues for reportable segments | $ | 2,985,439 |  |  | $ | 2,352,917 |  |  | $ | 5,711,810 |  |  | $ | 4,436,837 |
Segment gross profit | $ | 1,815,941 |  |  | $ | 1,485,533 |  |  | $ | 3,545,637 |  |  | $ | 2,796,659 |
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue | The following table reconciles total revenues for reportable segments to total revenues for the indicated periods:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Total revenues for reportable segments | $ | 2,985,439 |  |  | $ | 2,352,917 |  |  | $ | 5,711,810 |  |  | $ | 4,436,837 |
Corporate allocations and effects of changes in foreign currency exchange rates | (1,552) |  |  | (287) |  |  | (3,499) |  |  | (369) |
Total revenues | $ | 2,983,887 |  |  | $ | 2,352,630 |  |  | $ | 5,708,311 |  |  | $ | 4,436,468 |
Schedule of Reconciliation of Total Segment Gross Profit to Total Income Before Income Taxes | The following table reconciles total segment gross profit to total income before income taxes for the indicated periods:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Total segment gross profit | $ | 1,815,941 |  |  | $ | 1,485,533 |  |  | $ | 3,545,637 |  |  | $ | 2,796,659 |
Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates(1) | 40,840 |  |  | 41,065 |  |  | 87,338 |  |  | 81,977 |
R&D | 332,826 |  |  | 265,031 |  |  | 651,341 |  |  | 523,184 |
SG&A | 243,096 |  |  | 213,479 |  |  | 497,076 |  |  | 406,740 |
Interest expense | 74,280 |  |  | 37,852 |  |  | 148,675 |  |  | 76,164 |
Loss on extinguishment of debt | — |  |  | — |  |  | 13,286 |  |  | — |
Other expense (income), net | (18,074) |  |  | 1,201 |  |  | (65,080) |  |  | 15,341 |
Income before income taxes | $ | 1,142,973 |  |  | $ | 926,905 |  |  | $ | 2,213,001 |  |  | $ | 1,693,253 |
__________________ (1)Acquisition-related charges primarily include amortization of intangible assets, amortization of inventory fair value adjustments and other acquisition-related costs classified or presented as part of costs of revenues.
Schedule of Revenues by Geographic Region | The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
(Dollar amounts in thousands) | Three Months Ended December 31, |  | Six Months Ended December 31,
2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Taiwan | $ | 768,999 |  |  | 26 | % |  | $ | 776,442 |  |  | 33 | % |  | $ | 1,517,333 |  |  | 27 | % |  | $ | 1,403,526 |  |  | 31 | %
China | 681,701 |  |  | 23 | % |  | 544,537 |  |  | 23 | % |  | 1,521,362 |  |  | 27 | % |  | 1,229,693 |  |  | 28 | %
Korea | 590,936 |  |  | 20 | % |  | 323,095 |  |  | 14 | % |  | 998,398 |  |  | 17 | % |  | 562,278 |  |  | 13 | %
North America | 366,641 |  |  | 12 | % |  | 271,594 |  |  | 12 | % |  | 600,395 |  |  | 10 | % |  | 449,334 |  |  | 10 | %
Japan | 269,746 |  |  | 9 | % |  | 196,282 |  |  | 8 | % |  | 487,455 |  |  | 9 | % |  | 371,449 |  |  | 8 | %
Europe and Israel | 169,614 |  |  | 5 | % |  | 175,195 |  |  | 7 | % |  | 333,687 |  |  | 6 | % |  | 262,635 |  |  | 6 | %
Rest of Asia | 136,250 |  |  | 5 | % |  | 65,485 |  |  | 3 | % |  | 249,681 |  |  | 4 | % |  | 157,553 |  |  | 4 | %
Total | $ | 2,983,887 |  |  | 100 | % |  | $ | 2,352,630 |  |  | 100 | % |  | $ | 5,708,311 |  |  | 100 | % |  | $ | 4,436,468 |  |  | 100 | %
Schedule of Revenues by Major Products | The following is a summary of revenues by major product categories for the indicated periods:
(Dollar amounts in thousands) | Three Months Ended December 31, |  | Six Months Ended December 31,
2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wafer Inspection | $ | 1,256,540 |  |  | 42 | % |  | $ | 1,104,032 |  |  | 48 | % |  | $ | 2,359,082 |  |  | 41 | % |  | $ | 1,991,544 |  |  | 45 | %
Patterning | 861,262 |  |  | 29 | % |  | 508,785 |  |  | 22 | % |  | 1,594,632 |  |  | 28 | % |  | 948,376 |  |  | 21 | %
Specialty Semiconductor Process | 145,542 |  |  | 5 | % |  | 104,932 |  |  | 4 | % |  | 259,986 |  |  | 5 | % |  | 198,052 |  |  | 4 | %
PCB, Display and Component Inspection | 108,644 |  |  | 4 | % |  | 121,750 |  |  | 5 | % |  | 243,087 |  |  | 4 | % |  | 259,637 |  |  | 6 | %
Services | 520,479 |  |  | 17 | % |  | 456,861 |  |  | 19 | % |  | 1,049,294 |  |  | 18 | % |  | 910,811 |  |  | 21 | %
Other | 91,420 |  |  | 3 | % |  | 56,270 |  |  | 2 | % |  | 202,230 |  |  | 4 | % |  | 128,048 |  |  | 3 | %
Total | $ | 2,983,887 |  |  | 100 | % |  | $ | 2,352,630 |  |  | 100 | % |  | $ | 5,708,311 |  |  | 100 | % |  | $ | 4,436,468 |  |  | 100 | %
Schedule of Long-Lived Assets by Geographic Region | Land, property and equipment, net by geographic region as of the dates indicated below were as follows:
| As of |  | As of
(In thousands) | December 31, 2022 |  | June 30, 2022
Land, property and equipment, net: |  |  |
United States | $ | 629,076 |  |  | $ | 547,454 |
Singapore | 154,655 |  |  | 146,057 |
Israel | 88,404 |  |  | 72,791 |
Europe | 55,621 |  |  | 55,370 |
Rest of Asia | 37,057 |  |  | 28,257 |
Total | $ | 964,813 |  |  | $ | 849,929 |

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration