Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.21.1
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2021
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 Nine Months Ended
  March 31, March 31,
(In thousands) 2021 2020 2021 2020
Semiconductor Process Control:
Revenues $ 1,506,140  $ 1,177,777  $ 4,154,278  $ 3,588,839 
Segment gross margin 982,511  752,649  2,681,411  2,290,721 
Specialty Semiconductor Process:
Revenues 91,724  85,083  271,264  229,328 
Segment gross margin 51,720  47,187  152,819  126,684 
PCB, Display and Component Inspection:
Revenues 205,202  160,411  565,646  525,242 
Segment gross margin 100,311  71,163  275,064  229,769 
Other:
Revenues 149  469  739  3,217 
Segment gross margin 40  (271) (68) 499 
Totals:
Revenues for reportable segments $ 1,803,215  $ 1,423,740  $ 4,991,927  $ 4,346,626 
Segment gross margin $ 1,134,582  $ 870,728  $ 3,109,226  $ 2,647,673 
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total revenues for reportable segments to total revenues for the indicated periods:
Three Months Ended Nine Months Ended
  March 31, March 31,
(In thousands) 2021 2020 2021 2020
Total revenues for reportable segments $ 1,803,215  $ 1,423,740  $ 4,991,927  $ 4,346,626 
Corporate allocations and effects of foreign exchange rates 558  224  1,336  205 
Total revenues $ 1,803,773  $ 1,423,964  $ 4,993,263  $ 4,346,831 
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 Nine Months Ended
  March 31, March 31,
(In thousands) 2021 2020 2021 2020
Total segment gross margin $ 1,134,582  $ 870,728  $ 3,109,226  $ 2,647,673 
Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1)
40,438  36,922  115,887  128,859 
Research and development 238,957  215,433  687,059  646,764 
Selling, general and administrative 183,040  185,760  537,580  566,358 
Goodwill impairment —  256,649  —  256,649 
Interest expense 39,092  39,231  117,358  120,053 
Loss on extinguishment of debt —  22,538  —  22,538 
Other expense (income), net (7,348) (1,004) (269) (5,190)
Income before income taxes $ 640,403  $ 115,199  $ 1,651,611  $ 911,642 
__________________
(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 March 31, Nine Months Ended March 31,
2021 2020 2021 2020
Revenues:
Korea $ 557,514  31  % $ 297,687  21  % $ 1,094,979  22  % $ 677,085  16  %
Taiwan 401,797  22  % 349,841  24  % 1,151,683  23  % 1,183,653  27  %
China 353,393  20  % 352,343  25  % 1,221,639  24  % 1,079,951  25  %
North America 174,728  10  % 159,250  11  % 559,712  11  % 499,750  11  %
Japan 161,190  9  % 152,984  11  % 482,330  10  % 553,999  13  %
Europe and Israel 95,080  5  % 76,021  5  % 278,398  6  % 232,870  5  %
Rest of Asia 60,071  3  % 35,838  3  % 204,522  4  % 119,523  3  %
Total $ 1,803,773  100  % $ 1,423,964  100  % $ 4,993,263  100  % $ 4,346,831  100  %
Schedule of Revenues by Major Products
The following is a summary of revenues by major product categories for the indicated periods:
(Dollar amounts in thousands) Three Months Ended March 31, Nine Months Ended March 31,
2021 2020 2021 2020
Revenues:
Wafer Inspection $ 714,990  40  % $ 536,318  38  % $ 1,921,571  38  % $ 1,590,723  37  %
Patterning 399,533  22  % 298,973  21  % 1,077,977  22  % 970,709  22  %
Specialty Semiconductor Process 76,852  4  % 68,815  5  % 222,857  4  % 186,626  4  %
PCB, Display and Component Inspection 141,539  8  % 103,811  7  % 377,990  8  % 353,406  8  %
Services 428,453  24  % 372,868  26  % 1,234,425  25  % 1,093,210  25  %
Other 42,406  2  % 43,179  3  % 158,443  3  % 152,157  4  %
Total $ 1,803,773  100  % $ 1,423,964  100  % $ 4,993,263  100  % $ 4,346,831  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) March 31, 2021 June 30, 2020
Land, property and equipment, net:
United States $ 419,581  $ 329,558 
Singapore 73,403  54,946 
Europe 56,016  58,065 
Israel 55,849  59,162 
Rest of Asia 23,589  18,093 
Total $ 628,438  $ 519,824