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Revenue from Contracts with Customers | 9 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The Company believes that disaggregating revenue by end market provides the most relevant information regarding the nature, amount, timing, and uncertainty of revenues and cash flows. As of July 1, 2022, the Company disaggregates revenue into four end markets: industrial, communications, electronics and instrumentation. All prior period market and segment disclosure information has been reclassified to conform to the current reporting structure. Effective July 1, 2022, the Company updated the operating segments due to the closing of the Merger. In addition, prior year numbers were recast to reflect the transfer of two entities between the Networking and Materials segments. See Note 13. Segment Reporting for further information. The following tables summarize disaggregated revenue for the three and nine months ended March 31, 2023 and 2022 ($000):
| Three Months Ended March 31, 2023 |  | Nine Months Ended March 31, 2023
| Networking |  | Materials |  | Lasers |  | Total |  | Networking |  | Materials |  | Lasers |  | Total
Industrial | $ | 17,570 |  |  | $ | 156,846 |  |  | $ | 263,789 |  |  | $ | 438,205 |  |  | $ | 52,189 |  |  | $ | 450,383 |  |  | $ | 846,881 |  |  | $ | 1,349,453 |
Communications | 521,291 |  |  | 17,014 |  |  | — |  |  | 538,305 |  |  | 1,664,205 |  |  | 59,553 |  |  | — |  |  | 1,723,758 |
Electronics | 2,849 |  |  | 136,229 |  |  | — |  |  | 139,078 |  |  | 9,674 |  |  | 509,803 |  |  | — |  |  | 519,477 |
Instrumentation | 9,389 |  |  | 13,680 |  |  | 101,537 |  |  | 124,606 |  |  | 30,259 |  |  | 42,070 |  |  | 290,032 |  |  | 362,361 |
Total Revenues | $ | 551,099 |  |  | $ | 323,769 |  |  | $ | 365,326 |  |  | $ | 1,240,194 |  |  | $ | 1,756,327 |  |  | $ | 1,061,809 |  |  | $ | 1,136,913 |  |  | $ | 3,955,049 |
| Three Months Ended March 31, 2022 |  | Nine Months Ended March 31, 2022
| Networking |  | Materials |  | Total |  | Networking |  | Materials |  | Total
Industrial | $ | 21,325 |  |  | $ | 164,346 |  |  | $ | 185,671 |  |  | $ | 63,050 |  |  | $ | 486,094 |  |  | $ | 549,144 |
Communications | 527,821 |  |  | 25,999 |  |  | 553,820 |  |  | 1,510,092 |  |  | 69,436 |  |  | 1,579,528 |
Electronics | 2,752 |  |  | 60,240 |  |  | 62,992 |  |  | 9,080 |  |  | 220,683 |  |  | 229,763 |
Instrumentation | 7,662 |  |  | 17,579 |  |  | 25,241 |  |  | 24,892 |  |  | 46,327 |  |  | 71,219 |
Total Revenues | $ | 559,560 |  |  | $ | 268,164 |  |  | $ | 827,724 |  |  | $ | 1,607,114 |  |  | $ | 822,540 |  |  | $ | 2,429,654 |
Contract Liabilities Payments received from customers are based on invoices or billing schedules as established in contracts with customers. Contract liabilities relate to billings in advance of performance under the contract. Contract liabilities are recognized as revenue when the performance obligation has been satisfied. During the nine months ended March 31, 2023, the Company recognized revenue of $18 million related to customer payments that were included as contract liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2022. The Company had $181 million of contract liabilities recorded in the Condensed Consolidated Balance Sheet as of March 31, 2023. Contract liabilities acquired from the Merger totaled $77 million. As of March 31, 2023, $116 million of deferred revenue is included other accrued liabilities and $65 million is included within other liabilities on the Condensed Consolidated Balance Sheet.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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