v3.22.4

Revenues from contracts with customers (Tables)

6 Months Ended

Dec. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Geographical Regions

The following table presents total revenues by geographic region:

(in thousands, except percentages)			Three Months Ended December 30, 2022						As a % of Total Revenues						Six Months Ended December 30, 2022						As a % of Total Revenues
North America
U.S.			$	319,918											$	664,998
Others (1)			4,033												7,657
Total revenue in North America			323,951						48.5		%				672,655						50.8		%
Asia-Pacific and others
India			82,178												162,211
Israel			59,893												97,170
Malaysia			50,390												99,714
Hong Kong			39,723												72,195
China			26,480												49,544
Thailand			16,098												28,714
Japan			11,737												22,085
Others			1,901												5,061
Total revenue in Asia-Pacific and others			288,400						43.1		%				536,694						40.5		%
Europe
U.K.			30,316												63,148
Germany			13,129												26,443
Ireland (2)			143												262
Others			12,717												24,883
Total revenue in Europe			$	56,305					8.4		%				$	114,736					8.7		%
Total revenue			$	668,656					100.0		%				$	1,324,085					100.0		%

(in thousands, except percentages)			Three Months Ended December 24, 2021						As a % of Total Revenues						Six Months Ended December 24, 2021						As a % of Total Revenues
North America
U.S.			$	243,720											$	488,994
Others (1)			3,557												4,873
Total revenue in North America			247,277						43.6		%				493,867						44.5		%
Asia-Pacific and others
India			74,121												139,054
Malaysia			60,369												112,118
Hong Kong			23,206												44,237
Israel			22,801												50,434
Japan			15,832												30,809
China			14,146												27,781
Others			11,565												23,790
Total revenue in Asia-Pacific and others			222,040						39.2		%				428,223						38.6		%
Europe
Ireland (2)			54,900												104,384
U.K.			22,941												42,519
Germany			8,985												17,410
Others			10,490												23,552
Total revenue in Europe			$	97,316					17.2		%				$	187,865					16.9		%
Total revenue			$	566,633					100.0		%				$	1,109,955					100.0		%

(1)Others includes revenues from external customers based in our country of domicile, the Cayman Islands, which for each year presented is $0.

(2)Due to change in bill-to-location for a certain customer.

Schedule of Revenues by End Market

The following table presents revenues by end market:

(in thousands, except percentages)			Three Months Ended December 30, 2022						As a % of Total Revenues						Six Months Ended December 30, 2022						As a % of Total Revenues
Optical communications			$	506,056					75.7		%				$	1,003,617					75.8		%
Lasers, sensors and other			162,600						24.3		%				320,468						24.2		%
Total			$	668,656					100.0		%				$	1,324,085					100.0		%

(in thousands, except percentages)			Three Months Ended December 24, 2021						As a % of Total Revenues						Six Months Ended December 24, 2021						As a % of Total Revenues
Optical communications			$	450,783					79.6		%				$	878,084					79.1		%
Lasers, sensors and other			115,850						20.4		%				231,871						20.9		%
Total			$	566,633					100.0		%				$	1,109,955					100.0		%

Schedule of Activity in the Company's Contract Assets and Liabilities

The following tables summarize the activity in the Company’s contract assets and contract liabilities during the six months ended December 30, 2022:

(in thousands)			Contract Assets
Beginning balance, June 24, 2022			$	13,464
Revenue recognized			31,601
Amounts collected or invoiced			(31,487)
Ending balance, December 30, 2022			$	13,578

(in thousands)			Contract Liabilities
Beginning balance, June 24, 2022			$	1,982
Advance payment received during the period			12,515
Revenue recognized			(10,861)
Ending balance, December 30, 2022			$	3,636

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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- 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

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