Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.20.4
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Dec. 31, 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 Six Months Ended
  December 31, December 31,
(In thousands) 2020 2019 2020 2019
Semiconductor Process Control:
Revenues $ 1,380,184  $ 1,247,430  $ 2,648,138  $ 2,411,062 
Segment gross margin 884,090  795,730  1,698,900  1,538,072 
Specialty Semiconductor Process:
Revenues 90,587  75,106  179,540  144,245 
Segment gross margin 51,171  41,333  101,099  79,497 
PCB, Display and Component Inspection:
Revenues 179,267  186,279  360,444  364,831 
Segment gross margin 84,584  82,538  174,753  158,606 
Other:
Revenues 449  517  590  2,748 
Segment gross margin (121) 117  (108) 770 
Totals:
Revenues for reportable segments $ 1,650,487  $ 1,509,332  $ 3,188,712  $ 2,922,886 
Segment gross margin $ 1,019,724  $ 919,718  $ 1,974,644  $ 1,776,945 
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total reportable segment revenues to total revenues for the indicated periods:
Three Months Ended Six Months Ended
  December 31, December 31,
(In thousands) 2020 2019 2020 2019
Total revenues for reportable segments $ 1,650,487  $ 1,509,332  $ 3,188,712  $ 2,922,886 
Corporate allocations and effects of foreign exchange rates 383  121  778  (19)
Total revenues $ 1,650,870  $ 1,509,453  $ 3,189,490  $ 2,922,867 
Schedule of 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 Six Months Ended
  December 31, December 31,
(In thousands) 2020 2019 2020 2019
Total segment gross margin $ 1,019,724  $ 919,718  $ 1,974,644  $ 1,776,945 
Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1)
38,587  43,883  75,449  91,937 
Research and development 229,064  220,751  448,102  431,331 
Selling, general and administrative 181,909  192,253  354,540  380,598 
Interest expense 38,880  40,472  78,266  80,822 
Other expense (income), net 3,882  (2,568) 7,079  (4,186)
Income before income taxes $ 527,402  $ 424,927  $ 1,011,208  $ 796,443 
__________________
(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 December 31, Six Months Ended December 31,
2020 2019 2020 2019
Revenues:
China $ 382,157  23  % $ 381,752  25  % $ 868,246  27  % $ 727,608  25  %
Taiwan 380,785  23  % 447,083  30  % 749,886  24  % 833,812  28  %
Korea 347,947  21  % 181,948  12  % 537,465  17  % 379,398  13  %
North America 214,808  13  % 158,517  11  % 384,984  12  % 340,500  12  %
Japan 156,721  10  % 194,804  13  % 321,140  10  % 401,015  14  %
Europe and Israel 100,201  6  % 97,466  6  % 183,318  6  % 156,849  5  %
Rest of Asia 68,251  4  % 47,883  3  % 144,451  4  % 83,685  3  %
Total $ 1,650,870  100  % $ 1,509,453  100  % $ 3,189,490  100  % $ 2,922,867  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 December 31, Six Months Ended December 31,
2020 2019 2020 2019
Revenues:
Wafer Inspection $ 687,030  42  % $ 606,131  40  % $ 1,206,581  38  % $ 1,054,405  36  %
Patterning 307,512  19  % 289,078  19  % 678,444  21  % 671,736  23  %
Specialty Semiconductor Process 71,978  4  % 60,941  4  % 146,005  5  % 117,811  4  %
PCB, Display and Component Inspection 115,825  7  % 129,235  9  % 236,451  7  % 249,595  9  %
Services 412,847  25  % 364,903  24  % 805,972  25  % 720,342  24  %
Other 55,678  3  % 59,165  4  % 116,037  4  % 108,978  4  %
Total $ 1,650,870  100  % $ 1,509,453  100  % $ 3,189,490  100  % $ 2,922,867  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) December 31, 2020 June 30, 2020
Land, property and equipment, net:
United States $ 391,080  $ 329,558 
Israel 57,562  59,162 
Singapore 68,027  54,946 
Europe 55,979  58,065 
Rest of Asia 21,537  18,093 
Total $ 594,185  $ 519,824