Annual report pursuant to Section 13 and 15(d)

Revenue - Impact of ASC 606 to the Condensed Consolidated Statements of Operations (Details)

v3.19.2
Revenue - Impact of ASC 606 to the Condensed Consolidated Statements of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Revenues:                      
Revenues $ 1,258,435 [1],[2] $ 1,097,311 [1],[2] $ 1,119,898 [1],[2] $ 1,093,260 [1],[2] $ 1,070,004 $ 1,021,294 $ 975,822 $ 969,581 $ 4,568,904 $ 4,036,701 $ 3,480,014
Costs and expenses:                      
Costs of revenues                 1,869,377 1,446,041 1,286,215
Other expense (income), net                 (31,462) (30,482) (16,822)
Provision for income taxes                 121,214 653,666 247,170
Net income attributable to KLA $ 217,845 $ 192,728 $ 369,100 $ 395,944 $ 348,767 [3] $ 306,881 [3] $ (134,319) [3] $ 280,936 [3] $ 1,175,617 $ 802,265 $ 926,076
Net income per share attributable to KLA                      
Basic (in dollars per share) $ 1.36 [4] $ 1.23 [4] $ 2.43 [4] $ 2.55 [4] $ 2.24 [3] $ 1.96 [3] $ (0.86) [3] $ 1.79 [3] $ 7.53 $ 5.13 $ 5.92
Diluted (in dollars per share) $ 1.35 [4] $ 1.23 [4] $ 2.42 [4] $ 2.54 [4] $ 2.22 [3] $ 1.95 [3] $ (0.86) [3] $ 1.78 [3] $ 7.49 $ 5.10 $ 5.88
Prior to Adoption of ASC 606                      
Costs and expenses:                      
Costs of revenues                 $ 1,819,060    
Other expense (income), net                 (30,989)    
Provision for income taxes                 101,838    
Net income attributable to KLA                 $ 1,062,566    
Net income per share attributable to KLA                      
Basic (in dollars per share)                 $ 6.81    
Diluted (in dollars per share)                 $ 6.77    
Effect of Changes | Accounting Standards Update 2014-09                      
Costs and expenses:                      
Costs of revenues                 $ 50,317    
Other expense (income), net                 (473)    
Provision for income taxes                 19,376    
Net income attributable to KLA                 $ 113,051    
Net income per share attributable to KLA                      
Basic (in dollars per share)                 $ 0.72    
Diluted (in dollars per share)                 $ 0.72    
Product                      
Revenues:                      
Revenues                 $ 3,392,243 $ 3,160,671 $ 2,703,934
Product | Prior to Adoption of ASC 606                      
Revenues:                      
Revenues                 3,356,837    
Product | Effect of Changes | Accounting Standards Update 2014-09                      
Revenues:                      
Revenues                 35,406    
Service                      
Revenues:                      
Revenues                 1,176,661 $ 876,030 $ 776,080
Service | Prior to Adoption of ASC 606                      
Revenues:                      
Revenues                 1,029,796    
Service | Effect of Changes | Accounting Standards Update 2014-09                      
Revenues:                      
Revenues                 $ 146,865    
[1] On February 20, 2019, we completed the acquisition of Orbotech for total consideration of approximately $3.26 billion. The operating results of Orbotech have been included in our Consolidated financial statements for the fiscal year ended June 30, 2019 from the Acquisition Date. For additional details, refer to Note 6 “Business Combinations” to our Consolidated Financial Statements.
[2] On July 1, 2018, we adopted ASC 606 using the modified retrospective transition approach. Results for reporting periods beginning after June 30, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the previous revenue guidance in ASC 605.
[3] We had a net loss of $134.3 million in the second quarter of the fiscal year ended June 30, 2018, primarily as a result of the income tax effects from the enacted tax reform legislation through the Tax Cuts and Jobs Act, which was signed into law on December 22, 2017.
[4] Basic and diluted net income (loss) per share are computed independently for each of the quarters presented based on the weighted-average basic and fully diluted shares outstanding for each quarter. Therefore, the sum of quarterly basic and diluted net income (loss) per share information may not equal annual basic and diluted net income (loss) per share.