v3.21.1

Revenues from contracts with customers (Tables)

9 Months Ended

Mar. 26, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue by Geographical Regions

The following table presents total revenues by geographic region:

(amount in thousands, except percentages)			Three Months Ended March 26, 2021						As a % of Total Revenues						Nine Months Ended March 26, 2021						As a % of Total Revenues
North America
U.S.			230,177												661,410
Others			618												1,459
Total revenue in North America			230,795						48.2		%				662,869						48.4		%
Asia-Pacific and others
Malaysia			22,910												107,700
India			56,719												85,535
Israel			25,796												82,915
Hong Kong			21,524												63,397
Japan			18,582												56,223
Others			21,770												71,477
Total revenue in Asia-Pacific and others			167,301						34.9		%				467,247						34.1		%
Europe
Ireland			47,096												149,696
U.K.			15,298												40,742
Germany			7,543												19,596
Others			11,284												29,633
Total revenue in Europe			$	81,221					16.9		%				$	239,667					17.5		%
Total revenue			$	479,317					100.0		%				$	1,369,783					100.0		%

(amount in thousands, except percentages)			Three Months Ended March 27, 2020						As a % of Total Revenues						Nine Months Ended March 27, 2020						As a % of Total Revenues
North America
U.S.			206,329												630,023
Others			422												1,073
Total revenue in North America			206,751						50.3		%				631,096						51.0		%
Asia-Pacific and others
Malaysia			52,414												136,698
Japan			24,985												78,362
Hong Kong			20,710												70,410
Israel			25,530												69,310
China			8,126												34,882
Others			9,874												11,547
Total revenue in Asia-Pacific and others			141,639						34.4		%				401,209						32.5		%
Europe
Ireland			26,716												84,034
U.K.			22,297												52,941
Germany			5,600												41,207
Others			8,207												26,236
Total revenue in Europe			$	62,820					15.3		%				$	204,418					16.5		%
Total revenue			$	411,210					100.0		%				$	1,236,723					100.0		%

Revenues by End Market

The following table presents revenues by end market.

(amount in thousands, except percentages)			Three Months Ended March 26, 2021						As a % of Total Revenues						Nine Months Ended March 26, 2021						As a % of Total Revenues
Optical communications			$	361,739					75.5		%				$	1,053,496					76.9		%
Lasers, sensors and other			117,578						24.5		%				316,287						23.1		%
Total			$	479,317					100.0		%				$	1,369,783					100.0		%

(amount in thousands, except percentages)			Three Months Ended March 27, 2020						As a % of Total Revenues						Nine Months Ended March 27, 2020						As a % of Total Revenues
Optical communications			$	308,566					75.0		%				$	933,013					75.4		%
Lasers, sensors and other			102,644						25.0		%				303,710						24.6		%
Total			$	411,210					100.0		%				$	1,236,723					100.0		%

Schedule of Activity in the Company's Contract Assets

The following tables summarize the activity in the Company’s contract assets and contract liabilities during the nine months ended March 26, 2021:

(amount in thousands)			Contract Assets
Beginning balance, June 26, 2020			$	13,256
Revenue recognized			50,841
Amounts collected or invoiced			(46,967)
Ending balance, March 26, 2021			$	17,130

(amount in thousands)			Contract Liabilities
Beginning balance, June 26, 2020			$	1,556
Advance payment received during the period			16,414
Revenue recognized			(16,561)
Ending balance, March 26, 2021			$	1,409

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

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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 http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

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