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Revenue Recognition
9 Months Ended
Mar. 28, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
In accordance with FASB Accounting Standards Codification 606 "Revenue from Contracts with Customers" (ASC 606), the Company follows a five-step approach defined by the standard for recognizing revenue, consisting of the following: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the entity satisfies a performance obligation.
Contract liabilities primarily include various rights of return and customer deposits, as well as deferred revenue and price protection guarantees. Contract liabilities were $46.7 million as of March 28, 2021 and $47.9 million as of June 28, 2020. The decrease was primarily due to decreased customer deposits offset by increased reserve liabilities. Contract liabilities are recorded within accrued contract liabilities and other long-term liabilities on the balance sheet. Before the adoption of ASC 606, liabilities relating to various rights of return were recorded as a deduction to accounts receivable.
For the three and nine months ended March 28, 2021, the Company did not recognize any revenue that was included in contract liabilities as of June 28, 2020.
Revenue recognized related to performance obligations that were satisfied or partially satisfied in previous periods was not material for the three and nine months ended March 28, 2021.
The Company conducts business in several geographic areas. Revenue is attributed to a particular geographic region based on the shipping address for the products. Disaggregated revenue from external customers by geographic area is as follows:
 Three months endedNine months ended
 March 28, 2021March 29, 2020March 28, 2021March 29, 2020
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of RevenueRevenue% of RevenueRevenue% of Revenue
Europe$49.9 36.3 %$45.8 40.2 %$139.0 36.6 %$136.6 37.7 %
United States31.2 22.7 %22.2 19.5 %85.1 22.4 %78.5 21.7 %
China26.9 19.6 %13.0 11.4 %73.5 19.4 %46.9 12.9 %
Japan10.5 7.6 %12.5 11.0 %31.9 8.4 %46.9 12.9 %
South Korea6.9 5.0 %13.7 12.0 %20.5 5.4 %35.5 9.8 %
Other11.9 8.8 %6.7 5.9 %29.8 7.8 %17.9 5.0 %
Total$137.3 $113.9 $379.8 $362.3