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Reportable Segments (Tables)

9 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Revenues, Gross Profit, Gross Margin, and Inventories by Segment

Inventories for each of the Company's segments were as follows (in thousands):

	March 31, 2019				June 24, 2018
Wolfspeed		$67,490				$47,190
LED Products	100,384				100,452
Total segment inventories	167,874				147,642
Unallocated inventories	4,919				3,994
Consolidated inventories		$172,793				$151,636

Revenue, gross profit and gross margin for each of the Company's segments were as follows (in thousands, except percentages):

	Three Months Ended								Nine Months Ended
	March 31, 2019				March 25, 2018				March 31, 2019				March 25, 2018
Revenue:
Wolfspeed revenue		$141,253				$81,902				$403,958				$218,628
LED Products revenue	132,797				143,298				424,771				440,500
Total revenue		$274,050				$225,200				$828,729				$659,128
Gross Profit and Gross Margin:
Wolfspeed gross profit		$68,851				$39,285				$193,947				$105,816
Wolfspeed gross margin	48.7		%		48.0		%		48.0		%		48.4		%
LED Products gross profit	36,982				37,764				121,787				115,180
LED Products gross margin	27.8		%		26.4		%		28.7		%		26.1		%
Total segment gross profit	105,833				77,049				315,734				220,996
Unallocated costs	(3,938		)		(2,186		)		(10,782		)		(7,066		)
COGS acquisition related costs	(1,441		)		—				(2,667		)		—
Consolidated gross profit		$100,454				$74,863				$302,285				$213,930
Consolidated gross margin	36.7		%		33.2		%		36.5		%		32.5		%

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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