v3.23.1

Revenues from contracts with customers (Tables)

9 Months Ended

Mar. 31, 2023

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 March 31, 2023						As a % of Total Revenues						Nine Months Ended March 31, 2023						As a % of Total Revenues
North America
U.S.			$	310,100											$	975,098
Others (1)			6,035												13,693
Total revenue in North America			316,135						47.5		%				988,791						49.7		%
Asia-Pacific and others
India			85,731												247,942
Israel			85,562												182,732
Hong Kong			37,120												109,315
Malaysia			30,688												130,402
Thailand			16,706												45,420
China			11,194												60,738
Japan			10,044												32,129
Others			2,896												7,957
Total revenue in Asia-Pacific and others			279,941						42.1		%				816,635						41.1		%
Europe
U.K.			40,292												103,440
Germany			14,532												40,975
Ireland (2)			176												438
Others			14,205												39,087
Total revenue in Europe			$	69,205					10.4		%				$	183,940					9.2		%
Total revenue			$	665,281					100.0		%				$	1,989,366					100.0		%

(in thousands, except percentages)			Three Months Ended March 25, 2022						As a % of Total Revenues						Nine Months Ended March 25, 2022						As a % of Total Revenues
North America
U.S.			$	292,475											$	781,469
Others (1)			4,123												8,996
Total revenue in North America			296,598						52.5		%				790,465						47.2		%
Asia-Pacific and others
India			70,956												210,009
Malaysia			51,188												163,306
Hong Kong			17,338												61,575
Israel			16,883												67,318
Japan			16,449												47,258
China			12,843												40,624
Others			10,559												34,349
Total revenue in Asia-Pacific and others			196,216						34.8		%				624,439						37.3		%
Europe
Ireland (2)			28,640												133,024
U.K.			21,632												64,151
Germany			10,688												28,098
Others			10,621												34,173
Total revenue in Europe			$	71,581					12.7		%				$	259,446					15.5		%
Total revenue			$	564,395					100.0		%				$	1,674,350					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 March 31, 2023						As a % of Total Revenues						Nine Months Ended March 31, 2023						As a % of Total Revenues
Optical communications			$	502,615					75.5		%				$	1,506,232					75.7		%
Lasers, sensors and other			162,666						24.5		%				483,134						24.3		%
Total			$	665,281					100.0		%				$	1,989,366					100.0		%

(in thousands, except percentages)			Three Months Ended March 25, 2022						As a % of Total Revenues						Nine Months Ended March 25, 2022						As a % of Total Revenues
Optical communications			$	440,003					78.0		%				$	1,318,087					78.7		%
Lasers, sensors and other			124,392						22.0		%				356,263						21.3		%
Total			$	564,395					100.0		%				$	1,674,350					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 nine months ended March 31, 2023:

(in thousands)			Contract Assets
Beginning balance, June 24, 2022			$	13,464
Revenue recognized			57,617
Amounts collected or invoiced			(50,000)
Ending balance, March 31, 2023			$	21,081

(in thousands)			Contract Liabilities
Beginning balance, June 24, 2022			$	1,982
Advance payment received during the period			13,073
Revenue recognized			(11,806)
Ending balance, March 31, 2023			$	3,249

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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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

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