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Revenue Recognition
 6 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company follows a five-step approach 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 a reserve on the Company's "ship and debit" program. Contract liabilities were $84.8 million as of December 31, 2023 and $69.8 million as of June 25, 2023. The increase was primarily due to increased ship and debit reserves. Contract liabilities are recorded within accrued contract liabilities and other long-term liabilities on the consolidated balance sheets.
Product Line Revenue
The Company's continuing operations sells products from within two product lines: Power Products and silicon carbide and GaN materials (Materials Products). Revenue from these two product lines is as follows:
 Three months endedSix months ended
(in millions of U.S. Dollars)December 31, 2023December 25, 2022December 31, 2023December 25, 2022
Power Products$107.7 $96.0 $208.9 $200.5 
Materials Products100.7 77.8 196.9 162.7 
Total$208.4 $173.8 $405.8 $363.2 
Geographic Information
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 continuing operations revenue from external customers by geographic area is as follows:
 Three months endedSix months ended
 December 31, 2023December 25, 2022December 31, 2023December 25, 2022
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of RevenueRevenue% of RevenueRevenue% of Revenue
Europe$72.7 34.9 %$60.7 34.9 %$148.0 36.5 %$131.2 36.1 %
Asia Pacific (1)
58.6 28.1 %37.5 21.6 %103.2 25.4 %73.2 20.2 %
Hong Kong39.3 18.9 %33.2 19.1 %73.4 18.1 %74.7 20.6 %
United States35.0 16.8 %38.2 22.0 %65.7 16.2 %73.8 20.3 %
China2.3 1.1 %3.2 1.8 %14.3 3.5 %7.9 2.2 %
Other0.5 0.2 %1.0 0.6 %1.2 0.3 %2.4 0.6 %
Total$208.4 $173.8 $405.8 $363.2 
(1) Excluding China and Hong Kong