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Revenue Recognition
3 Months Ended
Sep. 29, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract liabilities and distributor-related reserves were $88.6 million as of September 29, 2024 and $88.0 million as of June 30, 2024. 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 ended
(in millions of U.S. Dollars)September 29, 2024September 24, 2023
Power Products$97.1 $101.2 
Materials Products97.6 96.2 
Total$194.7 $197.4 
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 ended
 September 29, 2024September 24, 2023
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of Revenue
Asia Pacific (1)
$94.9 48.7 %$44.6 22.6 %
Europe38.8 19.9 %75.3 38.1 %
Hong Kong33.6 17.3 %34.1 17.3 %
United States16.9 8.7 %30.7 15.6 %
China10.4 5.3 %12.0 6.1 %
Other0.1 0.1 %0.7 0.3 %
Total$194.7 $197.4 
(1) Excluding China and Hong Kong