XML 46 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Operating Segment, Geographic Information and Significant Customers (Tables)
9 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations The following table below presents the Company's net revenue by end user for the periods presented:
 
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
 
2019
 
2018
 
2019
 
2018
Domestic (1)
 
$
153,634

 
$
94,369

 
$
427,119

 
$
274,016

International/Foreign Military Sales (2)
 
21,002

 
21,967

 
50,662

 
66,301

Total Net Revenue
 
$
174,636

 
$
116,336

 
$
477,781

 
$
340,317

(1) Domestic revenues consist of sales where the end user is within the U.S., as well as sales to prime defense contractor customers where the ultimate end user location is not defined. 
(2) International/Foreign Military Sales consist of sales to U.S. prime defense contractor customers where the end user is known to be outside the U.S., foreign military sales through the U.S. government, and direct sales to non-U.S. based customers intended for end use outside of the U.S.
The following table below presents the Company's net revenue by end application for the periods presented:
 
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
 
2019
 
2018
 
2019
 
2018
Radar (1)
 
$
40,674

 
$
37,262

 
$
123,661

 
$
118,480

Electronic Warfare (2)
 
36,569

 
19,531

 
86,320

 
76,950

Other Sensor & Effector (3)
 
28,364

 
14,403

 
63,477

 
35,144

Total Sensor & Effector
 
105,607

 
71,196

 
273,458

 
230,574

C4I (4)
 
46,217

 
26,593

 
137,717

 
52,981

Other (5)
 
22,812

 
18,547

 
66,606

 
56,762

Total Net Revenue
 
$
174,636

 
$
116,336

 
$
477,781

 
$
340,317

(1) Radar includes end-use applications where radio frequency signals are utilized to detect, track, and identify objects.
(2) Electronic Warfare includes end-use applications comprising the offensive and defensive use of the electromagnetic spectrum.
(3) Other Sensor & Effector products include all Sensor & Effector end markets other than Radar and Electronic Warfare.
(4) C4I includes rugged secure rackmount servers that are designed to drive the most powerful military processing applications.
(5) Other products include all component and other sales where the end use is not specified.
The following table below presents the Company's net revenue by product grouping for the periods presented:
 
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
 
2019
 
2018
 
2019
 
2018
Components (1)
 
$
52,372

 
$
30,022

 
$
133,686

 
$
102,742

Modules and Sub-assemblies (2)
 
36,153

 
42,121

 
130,142

 
131,581

Integrated Subsystems (3)
 
86,111

 
44,193

 
213,953

 
105,994

Total Net Revenue
 
$
174,636

 
$
116,336

 
$
477,781

 
$
340,317

(1) Components include technology elements typically performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly. Examples include but are not limited to power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, MMICs (monolithic microwave integrated circuits), and memory and storage devices.
(2) Modules and Sub-assemblies include combinations of multiple functional technology elements and/or components that work together to perform multiple functions but are typically resident on or within a single board or housing. Modules and sub-assemblies may in turn be combined to form an integrated subsystem. Examples of modules and sub-assemblies include but are not limited to embedded processing modules, embedded processing boards, switch fabric boards, high speed input/output boards, digital receiver boards, graphics and video processing and Ethernet and IO (input-output) boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers.
(3) Integrated Subsystems include multiple modules and/or sub-assemblies combined with a backplane or similar functional element and software to enable a solution. These are typically but not always integrated within a chassis and with cooling, power and other elements to address various requirements and are also often combined with additional technologies for interaction with other parts of a complete system or platform. Integrated subsystems also include spare and replacement modules and sub-assemblies sold as part of the same program for use in or with integrated subsystems sold by the Company.
The geographic distribution of the Company’s long-lived assets is summarized as follows:
 
 
U.S.
 
Europe
 
Asia Pacific
 
Eliminations
 
Total
March 31, 2019
 
$
51,083

 
$
4,760

 
$
14

 
$

 
$
55,857

June 30, 2018
 
$
47,997

 
$
2,974

 
$
9

 
$

 
$
50,980

The geographic distribution of the Company’s revenues as determined by order origination based on the country in which the Company's legal subsidiary is domiciled is summarized as follows:
 
 
U.S.
 
Europe
 
Asia Pacific
 
Eliminations
 
Total
THREE MONTHS ENDED MARCH 31, 2019
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
158,715

 
$
15,280

 
$
641

 
$

 
$
174,636

Inter-geographic revenues
 
2,984

 
314

 

 
(3,298
)
 

Net revenues
 
$
161,699

 
$
15,594

 
$
641

 
$
(3,298
)
 
$
174,636

THREE MONTHS ENDED MARCH 31, 2018
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
105,989

 
$
8,611

 
$
1,736

 
$

 
$
116,336

Inter-geographic revenues
 
1,621

 
235

 

 
(1,856
)
 

Net revenues
 
$
107,610

 
$
8,846

 
$
1,736

 
$
(1,856
)
 
$
116,336

NINE MONTHS ENDED MARCH 31, 2019
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
435,733

 
$
39,918

 
$
2,130

 
$

 
$
477,781

Inter-geographic revenues
 
5,434

 
1,017

 

 
(6,451
)
 

Net revenues
 
$
441,167

 
$
40,935

 
$
2,130

 
$
(6,451
)
 
$
477,781

NINE MONTHS ENDED MARCH 31, 2018
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
309,391

 
$
25,506

 
$
5,420

 
$

 
$
340,317

Inter-geographic revenues
 
6,537

 
300

 

 
(6,837
)
 

Net revenues
 
$
315,928

 
$
25,806

 
$
5,420

 
$
(6,837
)
 
$
340,317

Customers Comprising Ten Percent or More Revenues Customers comprising 10% or more of the Company’s revenues for the periods shown below are as follows:
 
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
 
2019
 
2018
 
2019
 
2018
Lockheed Martin Corporation
 
24
%
 
17
%
 
16
%
 
19
%
Raytheon Company
 
19
%
 
21
%
 
21
%
 
19
%
Northrop Grumman Corporation
 
*

 
*

 
*

 
10
%
 
 
43
%
 
38
%
 
37
%
 
48
%

*
Indicates that the amount is less than 10% of the Company’s revenues for the respective period.
Schedules of Concentration of Risk, by Risk Factor rograms comprising 10% or more of the Company’s revenues for the three and nine months ended March 31, 2019 and 2018.