Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.20.2
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 3 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Summary of Results for Reportable Segments
The following is a summary of results for each of our four reportable segments for the indicated periods:
Three Months Ended
  September 30,
(In thousands) 2020 2019
Semiconductor Process Control:
Revenue $ 1,267,954  $ 1,163,632 
Segment gross margin 814,810  742,342 
Specialty Semiconductor Process:
Revenue 88,954  69,139 
Segment gross margin 49,928  38,164 
PCB, Display and Component Inspection:
Revenue 181,177  178,552 
Segment gross margin 90,169  76,068 
Other:
Revenue 140  2,231 
Segment gross margin 13  653 
Totals:
Revenue $ 1,538,225  $ 1,413,554 
Segment gross margin $ 954,920  $ 857,227 
Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
Three Months Ended
  September 30,
(In thousands) 2020 2019
Total revenue for reportable segments $ 1,538,225  $ 1,413,554 
Corporate allocations and effects of foreign exchange rates 395  (140)
Total revenue $ 1,538,620  $ 1,413,414 
Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes
The following table reconciles total segment gross margin to total income before income taxes for the indicated periods:
Three Months Ended
  September 30,
(In thousands) 2020 2019
Total segment gross margin $ 954,920  $ 857,227 
Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1)
36,862  48,054 
Research and development 219,038  210,580 
Selling, general and administrative 172,631  188,345 
Interest expense 39,386  40,350 
Other expense (income), net 3,197  (1,618)
Income before income taxes $ 483,806  $ 371,516 
__________________
(1)Acquisition-related charges primarily include amortization of intangible assets and amortization of inventory fair value adjustments presented as part of costs of revenues.
Schedule of Revenues by Geographic Region
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
(Dollar amounts in thousands) Three Months Ended September 30,
2020 2019
Revenues:
China $ 486,089  32  % $ 345,856  24  %
Taiwan 369,100  24  % 386,729  27  %
Korea 189,518  12  % 197,450  14  %
North America 170,176  11  % 181,983  13  %
Japan 164,419  11  % 206,211  15  %
Europe and Israel 83,117  5  % 59,383  4  %
Rest of Asia 76,201  5  % 35,802  3  %
Total $ 1,538,620  100  % $ 1,413,414  100  %
Schedule of Revenues by Major Products
The following is a summary of revenues by major products for the indicated periods:
(Dollar amounts in thousands) Three Months Ended September 30,
2020 2019
Revenues:
Wafer Inspection $ 519,551  34  % $ 448,274  32  %
Patterning 370,932  24  % 382,658  27  %
Specialty Semiconductor Process 74,027  5  % 56,870  4  %
PCB, Display and Component Inspection 120,626  8  % 120,360  9  %
Services 393,125  26  % 355,439  25  %
Other 60,359  3  % 49,813  3  %
Total $ 1,538,620  100  % $ 1,413,414  100  %
Schedule of Long-Lived Assets by Geographic Region
Land, property and equipment, net by geographic region as of the dates indicated below were as follows: 
As of As of
(In thousands) September 30, 2020 June 30, 2020
Land, property and equipment, net:
United States $ 371,987  $ 329,558 
Israel 57,830  59,162 
Singapore 56,858  54,946 
Europe 56,594  58,065 
Rest of Asia 18,583  18,093 
Total $ 561,852  $ 519,824