XML 92 R38.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Operating Segment, Geographic Information and Significant Customers (Tables) | 12 Months Ended
--- | ---
Jun. 28, 2024
Segment Reporting [Abstract] |
Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations | The geographic distribution of the Company’s revenues as determined by order origination based on the country in which the Company's legal subsidiary is domiciled is summarized as follows:
| U.S. |  | Europe |  | Asia Pacific |  | Eliminations |  | Total
YEAR ENDED JUNE 28, 2024 |  |  |  |  |  |  |  |  |
Net revenues to unaffiliated customers | $ | 785,881 |  |  | $ | 49,375 |  |  | $ | 19 |  |  | $ | — |  |  | $ | 835,275 |
Inter-geographic revenues | 6,777 |  |  | 1,369 |  |  | — |  |  | (8,146) |  |  | — |
Net revenues | $ | 792,658 |  |  | $ | 50,744 |  |  | $ | 19 |  |  | $ | (8,146) |  |  | $ | 835,275 |
Identifiable long-lived assets (1) | $ | 107,655 |  |  | $ | 2,698 |  |  | $ | — |  |  | $ | — |  |  | $ | 110,353 |
YEAR ENDED JUNE 30, 2023 |  |  |  |  |  |  |  |  |
Net revenues to unaffiliated customers | $ | 927,003 |  |  | $ | 46,857 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 973,882 |
Inter-geographic revenues | 2,764 |  |  | 447 |  |  | — |  |  | (3,211) |  |  | — |
Net revenues | $ | 929,767 |  |  | $ | 47,304 |  |  | $ | 22 |  |  | $ | (3,211) |  |  | $ | 973,882 |
Identifiable long-lived assets (1) | $ | 116,381 |  |  | $ | 3,173 |  |  | $ | — |  |  | $ | — |  |  | $ | 119,554 |
YEAR ENDED JULY 1, 2022 |  |  |  |  |  |  |  |  |
Net revenues to unaffiliated customers | $ | 945,600 |  |  | $ | 41,390 |  |  | $ | 1,207 |  |  | $ | — |  |  | $ | 988,197 |
Inter-geographic revenues | 2,578 |  |  | 2,408 |  |  | — |  |  | (4,986) |  |  | — |
Net revenues | $ | 948,178 |  |  | $ | 43,798 |  |  | $ | 1,207 |  |  | $ | (4,986) |  |  | $ | 988,197 |
Identifiable long-lived assets (1) | $ | 122,712 |  |  | $ | 4,476 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 127,191 |
(1) Identifiable long-lived assets exclude ROU assets, goodwill and intangible assets.
Revenue from External Customers by Geographic Areas | The following table presents the Company's net revenue by end market for the periods presented:
|  | Fiscal Years Ended |  |  |
|  | June 28, 2024 |  | June 30, 2023 |  | July 1, 2022 |  |  |
Domestic (1) |  | $ | 704,132 |  |  | $ | 865,216 |  |  | $ | 861,125 |  |  |  |
International/Foreign Military Sales (2) |  | 131,143 |  |  | 108,666 |  |  | 127,072 |  |  |  |
Total Net Revenue |  | $ | 835,275 |  |  | $ | 973,882 |  |  | $ | 988,197 |  |  |  |
(1) Domestic revenues consist of sales where the end user is within the U.S., as well as sales to prime defense contractor customers where the ultimate end user location is not defined. (2) International/Foreign Military Sales consist of sales to U.S. prime defense contractor customers where the end user is outside the U.S., foreign military sales through the U.S. government, and direct sales to non-U.S. based customers intended for end use outside of the U.S.
Revenue from External Customers by Products and Services | The following table presents the Company's net revenue by end application for the periods presented:
|  | Fiscal Years Ended
|  | June 28, 2024 |  | June 30, 2023 |  | July 1, 2022
Radar (1) |  | $ | 110,371 |  |  | $ | 229,467 |  |  | $ | 251,126 |
Electronic Warfare (2) |  | 120,685 |  |  | 144,554 |  |  | 157,676 |
Other Sensor and Effector (3) |  | 129,034 |  |  | 112,659 |  |  | 104,114 |
Total Sensor and Effector |  | 360,090 |  |  | 486,680 |  |  | 512,916 |
C4I (4) |  | 388,533 |  |  | 414,143 |  |  | 399,816 |
Other (5) |  | 86,652 |  |  | 73,059 |  |  | 75,465 |
Total Net Revenues |  | $ | 835,275 |  |  | $ | 973,882 |  |  | $ | 988,197 |
(1) Radar includes end-use applications where radio frequency signals are utilized to detect, track and identify objects. (2) Electronic Warfare includes end-use applications comprising the offensive and defensive use of the electromagnetic spectrum. (3) Other Sensor and Effector products include all Sensor and Effector end markets other than Radar and Electronic Warfare. (4) C4I includes rugged secure rackmount servers that are designed to drive the most powerful military processing applications. (5) Other products include all component and other sales where the end use is not specified. The following table presents the Company's net revenue by product grouping for the periods presented:
|  | Fiscal Years Ended
|  | June 28, 2024 |  | June 30, 2023 |  | July 1, 2022
Components (1) |  | $ | 192,758 |  |  | $ | 197,180 |  |  | $ | 167,333 |
Modules and Sub-assemblies (2) |  | 181,881 |  |  | 200,281 |  |  | 167,242 |
Integrated Solutions (3) |  | 460,636 |  |  | 576,421 |  |  | 653,622 |
Total Net Revenues |  | $ | 835,275 |  |  | $ | 973,882 |  |  | $ | 988,197 |
The following table presents the Company's net revenue by platform for the periods presented:
|  | Fiscal Years Ended
|  | June 28, 2024 |  | June 30, 2023 |  | July 2, 2021
Airborne (1) |  | $ | 445,330 |  |  | $ | 506,264 |  |  | $ | 506,549 |
Land (2) |  | 107,249 |  |  | 157,505 |  |  | 158,782 |
Naval (3) |  | 100,984 |  |  | 136,954 |  |  | 155,588 |
Other (4) |  | 181,712 |  |  | 173,159 |  |  | 167,278 |
Total Net Revenues |  | $ | 835,275 |  |  | $ | 973,882 |  |  | $ | 988,197 |
(1) Airborne platform includes products that relate to personnel, equipment or pieces of equipment designed for airborne applications. (2) Land platform includes products that relate to fixed or mobile equipment, or pieces of equipment for personnel, weapon systems, vehicles and support elements operating on land. (3) Naval platform includes products that relate to personnel, equipment or pieces of equipment designed for naval operations. (4) All platforms other than Airborne, Land or Naval.
Customers Comprising Ten Percent or more Revenues | Customers comprising 10% or more of the Company’s revenues for the periods shown below are as follows:
| Fiscal Years Ended
| June 28, 2024 |  | June 30, 2023 |  | July 1, 2022
L3Harris | 12 | % |  | * |  | *
Lockheed Martin Corporation | 11 | % |  | 13 | % |  | 10 | %
RTX Corporation | 10 | % |  | 14 | % |  | 14 | %
Northrop Grumman | * |  | 11 | % |  | *
U.S. Navy | * |  | * |  | 14 | %
| 33 | % |  | 38 | % |  | 38 | %
* Indicates that the amount is less than 10% of the Company's revenue for the respective period.

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + 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 extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
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