Segment Reporting and Geographic Information (Tables)
|
3 Months Ended |
Sep. 30, 2019 |
|---|
| 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) |
2019 |
|
2018 |
Semiconductor Process Control: |
|
|
|
Revenue |
$ |
1,163,632 |
|
|
$ |
1,069,959 |
|
Segment gross margin |
$ |
742,342 |
|
|
$ |
702,231 |
|
Specialty Semiconductor Process: |
|
|
|
Revenue |
$ |
69,139 |
|
|
$ |
— |
|
Segment gross margin |
$ |
38,164 |
|
|
$ |
— |
|
PCB, Display and Component Inspection: |
|
|
|
Revenue |
$ |
178,552 |
|
|
$ |
23,615 |
|
Segment gross margin |
$ |
76,068 |
|
|
$ |
10,533 |
|
Other: |
|
|
|
Revenue |
$ |
2,231 |
|
|
$ |
— |
|
Segment gross margin |
$ |
653 |
|
|
$ |
— |
|
Totals: |
|
|
|
Revenue |
$ |
1,413,554 |
|
|
$ |
1,093,574 |
|
Segment gross margin |
$ |
857,227 |
|
|
$ |
712,764 |
|
|
| Reconciliation of Total Reportable Segments Revenue to Total Revenue |
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
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|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
(In thousands) |
2019 |
|
2018 |
Total revenue for reportable segments |
$ |
1,413,554 |
|
|
$ |
1,093,574 |
|
Corporate allocations and effects of foreign exchange rates |
(140 |
) |
|
(314 |
) |
Total revenue |
$ |
1,413,414 |
|
|
$ |
1,093,260 |
|
|
| 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) |
2019 |
|
2018 |
Total segment gross margin |
$ |
857,227 |
|
|
$ |
712,764 |
|
Acquisition-related charges, corporate allocations, and effects of foreign exchange rates(1)
|
48,054 |
|
|
891 |
|
Research and development |
210,580 |
|
|
153,530 |
|
Selling, general and administrative |
188,345 |
|
|
114,438 |
|
Interest expense |
40,350 |
|
|
26,362 |
|
Other expense (income), net |
(1,618 |
) |
|
(10,025 |
) |
Income before income taxes |
$ |
371,516 |
|
|
$ |
427,568 |
|
__________________
(1)
Acquisition-related charges primarily include amortization of intangible assets, amortization of inventory fair value adjustments, and other acquisition-related costs classified or presented as part of costs of revenues.
|
| Revenues by Geographic Region |
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
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|
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|
|
|
|
|
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|
|
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|
(Dollar amounts in thousands) |
Three Months Ended September 30, |
2019 |
|
2018 |
Revenues: |
|
|
|
|
|
|
|
Taiwan |
$ |
386,729 |
|
|
27 |
% |
|
$ |
254,437 |
|
|
23 |
% |
China |
345,856 |
|
|
24 |
% |
|
340,134 |
|
|
31 |
% |
Japan |
206,211 |
|
|
15 |
% |
|
135,578 |
|
|
12 |
% |
Korea |
197,450 |
|
|
14 |
% |
|
153,501 |
|
|
14 |
% |
North America |
181,983 |
|
|
13 |
% |
|
102,129 |
|
|
9 |
% |
Europe and Israel |
59,383 |
|
|
4 |
% |
|
71,669 |
|
|
7 |
% |
Rest of Asia |
35,802 |
|
|
3 |
% |
|
35,812 |
|
|
4 |
% |
Total |
$ |
1,413,414 |
|
|
100 |
% |
|
$ |
1,093,260 |
|
|
100 |
% |
|
| Revenues by Major Products |
The following is a summary of revenues by major products for the indicated periods:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollar amounts in thousands) |
Three Months Ended September 30, |
2019 |
|
2018 |
Revenues: |
|
|
|
|
|
|
|
Wafer Inspection |
$ |
448,274 |
|
|
32 |
% |
|
$ |
447,292 |
|
|
41 |
% |
Patterning |
382,658 |
|
|
27 |
% |
|
304,001 |
|
|
28 |
% |
Specialty Semiconductor Process |
56,870 |
|
|
4 |
% |
|
— |
|
|
— |
% |
PCB, Display and Component Inspection |
120,360 |
|
|
9 |
% |
|
20,835 |
|
|
2 |
% |
Services |
355,439 |
|
|
25 |
% |
|
264,033 |
|
|
24 |
% |
Other |
49,813 |
|
|
3 |
% |
|
57,099 |
|
|
5 |
% |
Total |
$ |
1,413,414 |
|
|
100 |
% |
|
$ |
1,093,260 |
|
|
100 |
% |
|
| Long-Lived Assets by Geographic Region |
by geographic region as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
(In thousands) |
As of
September 30, 2019 |
|
As of
June 30, 2019 |
Land, property and equipment, net: |
|
|
|
United States |
$ |
279,293 |
|
|
$ |
253,255 |
|
Singapore |
52,778 |
|
|
49,523 |
|
Israel |
63,250 |
|
|
66,082 |
|
Europe |
61,302 |
|
|
62,027 |
|
Rest of Asia |
18,587 |
|
|
17,912 |
|
Total |
$ |
475,210 |
|
|
$ |
448,799 |
|
|