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Revenue Recognition | 6 Months Ended
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Dec. 29, 2024
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Contract liabilities and distributor-related reserves were $67.9 million as of December 29, 2024 and $88.0 million as of June 30, 2024. Contract liabilities are recorded within contract liabilities and distributor-related reserves 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 |  | Six months ended
(in millions of U.S. Dollars) | December 29, 2024 |  | December 31, 2023 |  | December 29, 2024 |  | December 31, 2023
Power Products | $90.8 |  |  | $107.7 |  |  | $187.9 |  |  | $208.9 |
Materials Products | 89.7 |  |  | 100.7 |  |  | 187.3 |  |  | 196.9 |
Total | $180.5 |  |  | $208.4 |  |  | $375.2 |  |  | $405.8 |
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 |  | Six months ended
| December 29, 2024 |  | December 31, 2023 |  | December 29, 2024 |  | December 31, 2023
(in millions of U.S. Dollars) | Revenue |  | % of Revenue |  | Revenue |  | % of Revenue |  | Revenue |  | % of Revenue |  | Revenue |  | % of Revenue
Asia Pacific (1) | $64.2 |  |  | 35.6 | % |  | $72.7 |  |  | 34.9 | % |  | $159.1 |  |  | 42.4 | % |  | $148.0 |  |  | 36.5 | %
Europe | 50.8 |  |  | 28.1 | % |  | 58.6 |  |  | 28.1 | % |  | 89.6 |  |  | 23.9 | % |  | 103.2 |  |  | 25.4 | %
Hong Kong | 19.2 |  |  | 10.6 | % |  | 39.3 |  |  | 18.9 | % |  | 52.8 |  |  | 14.1 | % |  | 73.4 |  |  | 18.1 | %
United States | 29.2 |  |  | 16.2 | % |  | 35.0 |  |  | 16.8 | % |  | 46.1 |  |  | 12.3 | % |  | 65.7 |  |  | 16.2 | %
China | 16.6 |  |  | 9.2 | % |  | 2.3 |  |  | 1.1 | % |  | 27.0 |  |  | 7.2 | % |  | 14.3 |  |  | 3.5 | %
Other | 0.5 |  |  | 0.3 | % |  | 0.5 |  |  | 0.2 | % |  | 0.6 |  |  | 0.1 | % |  | 1.2 |  |  | 0.3 | %
Total | $180.5 |  |  |  |  | $208.4 |  |  |  |  | $375.2 |  |  |  |  | $405.8 |  |  |
(1) Excluding China and Hong Kong

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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