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Operating Segment, Geographic Information and Significant Customers
12 Months Ended
Jul. 02, 2021
Segment Reporting [Abstract]  
Operating Segment, Geographic Information and Significant Customers Operating Segment, Geographic Information and Significant Customers
Operating segments are defined as components of an enterprise evaluated regularly by the Company's chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. During the first quarter of fiscal 2021, the Company reorganized its internal reporting unit structure to align with the Company's market and brand strategy as well as promote scale as the organization continues to grow. The Company evaluated this reorganization under ASC 280 to determine whether this change has impacted the Company's single operating and reportable segment. The Company concluded this change had no effect given the CODM continues to evaluate and manage the Company on the basis of one operating and reportable segment. The Company utilized the management approach for determining its operating segment in accordance with ASC 280.
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.EuropeAsia Pacific EliminationsTotal
YEAR ENDED JULY 2, 2021     
Net revenues to unaffiliated customers$876,479 $47,119 $398 $— $923,996 
Inter-geographic revenues1,561 1,985 — (3,546)— 
Net revenues$878,040 $49,104 $398 $(3,546)$923,996 
Identifiable long-lived assets (1)$123,009 $5,509 $$— $128,524 
YEAR ENDED JULY 3, 2020     
Net revenues to unaffiliated customers$744,270 $50,092 $2,248 $— $796,610 
Inter-geographic revenues4,938 3,067 — (8,005)— 
Net revenues$749,208 $53,159 $2,248 $(8,005)$796,610 
Identifiable long-lived assets (1)$82,588 $5,144 $$— $87,737 
YEAR ENDED JUNE 30, 2019     
Net revenues to unaffiliated customers$599,422 $49,332 $5,990 $— $654,744 
Inter-geographic revenues10,570 1,343 — (11,913)— 
Net revenues$609,992 $50,675 $5,990 $(11,913)$654,744 
Identifiable long-lived assets (1)$54,952 $5,037 $12 $— $60,001 
(1) Identifiable long-lived assets exclude ROU assets, goodwill and intangible assets.
In recent years, the Company completed a series of acquisitions that changed its technological capabilities, applications and end markets. As these acquisitions and changes occurred, the Company's proportion of revenue derived from the sale of components in different technological areas, and modules, sub-assemblies and integrated subsystems which combine technologies into more complex diverse products has shifted. The following tables present revenue consistent with the Company's strategy of expanding its technological capabilities and program content. As additional information related to the Company’s products by end user, application, product grouping and/or platform is attained, the categorization of these products can vary over time. When this occurs, the Company reclassifies revenue by end user, application, product grouping and/or platform for prior periods. Such reclassifications typically do not materially change the underlying trends of results within each revenue category.
The following table presents the Company's net revenue by end market for the periods presented:
 Fiscal Years Ended
 July 2, 2021July 3, 2020June 30, 2019
Domestic (1)$795,988 $704,722 $580,935 
International/Foreign Military Sales (2)128,008 91,888 73,809 
Total Net Revenue$923,996 $796,610 $654,744 
(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 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 presents the Company's net revenue by end application for the periods presented:
 Fiscal Years Ended
 July 2, 2021July 3, 2020June 30, 2019
Radar (1)$289,172 $233,967 $164,046 
Electronic Warfare (2)139,168 156,666 128,841 
Other Sensor and Effector (3)98,112 105,175 90,245 
Total Sensor and Effector526,452 495,808 383,132 
C4I (4)307,978 207,000 183,172 
Other (5)89,566 93,802 88,440 
Total Net Revenues$923,996 $796,610 $654,744 
(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 and Effector products include all Sensor and 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 presents the Company's net revenue by product grouping for the periods presented:
 Fiscal Years Ended
 July 2, 2021July 3, 2020June 30, 2019
Components (1)$176,234 $227,364 $184,870 
Modules and Sub-assemblies (2)156,557 131,177 180,873 
Integrated Subsystems (3)591,205 438,069 289,001 
Total Net Revenues$923,996 $796,610 $654,744 
(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 following table presents the Company's net revenue by platform for the periods presented:
Fiscal Years Ended
July 2, 2021July 3, 2020June 30, 2019
Airborne (1)$416,877 $397,553 $306,412 
Land (2)182,591 102,956 83,034 
Naval (3)187,205 166,912 136,966 
Other (4)137,323 129,189 128,332 
Total Net Revenues$923,996 $796,610 $654,744 
(1) Airborne platform includes products that relate to personnel, equipment or pieces of equipment designed for airborne applications.
(2) Land platform includes products that relate to fixed or mobile equipment, or pieces of equipment for personnel, weapon systems, vehicles and support elements operating on land.
(3) Naval platform includes products that relate to personnel, equipment or pieces of equipment designed for naval operations.
(4) All platforms other than Airborne, Land or Naval.
Customers comprising 10% or more of the Company’s revenues for the periods shown below are as follows:
 Fiscal Years Ended
 July 2, 2021July 3, 2020June 30, 2019
Raytheon Technologies19 %16 %20 %
Lockheed Martin Corporation15 %16 %17 %
U.S. Navy12 %— %— %
 46 %32 %37 %
While the Company typically has customers from which it derives 10% or more of its revenue, the sales to each of these customers are spread across multiple programs and platforms. There were no programs comprising 10% or more of the Company's revenues for the years ended July 2, 2021, July 3, 2020 and June 30, 2019.