XML 57 R33.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Reportable Segments (Tables)
6 Months Ended
Dec. 29, 2019
Segment Reporting [Abstract]  
Schedule of Revenues, Gross Profit and Gross Margin by Segment
Revenue, gross profit and gross margin for each of the Company's segments were as follows:
Three months endedSix months ended
December 29, 2019December 30, 2018December 29, 2019December 30, 2018
Revenue:
Wolfspeed revenue$120.7  $135.3  $248.4  $262.7  
LED Products revenue119.2  145.2  234.3  292.0  
Total revenue$239.9  $280.5  $482.7  $554.7  
Gross Profit and Gross Margin:
Wolfspeed gross profit$41.8  $64.7  $100.8  $125.1  
Wolfspeed gross margin34.6 %47.8 %40.6 %47.6 %
LED Products gross profit26.5  43.5  48.6  84.8  
LED Products gross margin22.2 %30.0 %20.7 %29.0 %
Total segment gross profit68.3  108.2  149.4  209.9  
Unallocated costs(6.4) (4.7) (13.3) (6.9) 
COGS acquisition related costs—  —  —  (1.2) 
Consolidated gross profit$61.9  $103.5  $136.1  $201.8  
Consolidated gross margin25.8 %36.9 %28.2 %36.4 %
Schedule of Percentage of Revenues from External Customers by Geographic Area Disaggregated revenue from external customers by geographic area is as follows:
 Three months endedSix months ended
 December 29, 2019December 30, 2018December 29, 2019December 30, 2018
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of RevenueRevenue% of RevenueRevenue% of Revenue
United States$60.7  25.3 %$62.8  22.4 %$116.1  24.1 %$129.0  23.3 %
China72.2  30.1 %105.6  37.6 %145.4  30.1 %206.6  37.2 %
Europe60.5  25.2 %64.1  22.9 %123.5  25.6 %133.9  24.1 %
Other46.5  19.4 %48.0  17.1 %97.7  20.2 %85.2  15.4 %
Total$239.9  $280.5  $482.7  $554.7  
Schedule of Inventories by Segment
Inventories for each of the Company's segments were as follows:
December 29, 2019June 30, 2019
Wolfspeed$84.6  $81.6  
LED Products76.2  99.2  
Total segment inventories160.8  180.8  
Unallocated inventories4.5  6.6  
Consolidated inventories$165.3  $187.4