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Operating Segment, Geographic Information and Significant Customers
 9 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Operating Segment, Geographic Information and Significant Customers Operating Segment, Geographic Information and Significant CustomersOperating 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 2022, the Company announced its 1MPACT value creation initiative to promote scale as the organization continues to grow.
The Company evaluated this internal reorganization under FASB ASC 280, Segment Reporting (“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 country in which the Company's legal subsidiary is domiciled is summarized as follows:
U.S.EuropeAsia PacificEliminationsTotal
THIRD QUARTER ENDED MARCH 31, 2023
Net revenues to unaffiliated customers$252,945 $10,525 $9 $— $263,479 
Inter-geographic revenues1,794 26 — (1,820)— 
Net revenues$254,739 $10,551 $9 $(1,820)$263,479 
THIRD QUARTER ENDED APRIL 1, 2022
Net revenues to unaffiliated customers$243,100 $9,216 $759 $— $253,075 
Inter-geographic revenues(729)824 — (95)— 
Net revenues$242,371 $10,040 $759 $(95)$253,075 
NINE MONTHS ENDED MARCH 31, 2023
Net revenues to unaffiliated customers$690,922 $29,708 $16 $— $720,646 
Inter-geographic revenues1,873 398 — (2,271)— 
Net revenues$692,795 $30,106 $16 $(2,271)$720,646 
NINE MONTHS ENDED APRIL 1, 2022
Net revenues to unaffiliated customers$666,336 $31,211 $921 $— $698,468 
Inter-geographic revenues2,418 2,152 — (4,570)— 
Net revenues$668,754 $33,363 $921 $(4,570)$698,468 
The Company offers a broad family of products and processing solutions designed to meet the full range of requirements in compute-intensive, signal processing, image processing and command and control applications. To maintain a competitive advantage, the Company seeks to leverage technology investments across multiple product lines and product solutions.
The Company’s products are typically compute-intensive and require extremely high bandwidth and high throughput. These processing solutions often must also meet significant SWaP constraints for use in aircraft, unmanned aerial vehicles, ships and other platforms and be ruggedized for use in harsh environments. The Company's products transform the massive streams of digital data created in these applications into usable information in real time. The systems can scale from a few processors to thousands of processors.
In recent years, the Company completed a series of acquisitions that augmented 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 user for the periods presented:
 Third Quarters EndedNine Months Ended
 March 31, 2023April 1, 2022March 31, 2023April 1, 2022
Domestic(1)
$238,159 $227,254 $648,948 $603,094 
International/Foreign Military Sales(2)
25,320 25,821 71,698 95,374 
Total Net Revenue$263,479 $253,075 $720,646 $698,468 
(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:
Third Quarters EndedNine Months Ended
 March 31, 2023April 1, 2022March 31, 2023April 1, 2022
Radar(1)
$83,853 $50,033 $180,968 $160,109 
Electronic Warfare(2)
35,939 44,010 104,746 110,320 
Other Sensor & Effector(3)
20,143 23,768 70,679 77,374 
Total Sensor & Effector139,935 117,811 356,393 347,803 
C4I(4)
104,188 111,282 303,054 285,614 
Other(5)
19,356 23,982 61,199 65,051 
Total Net Revenue$263,479 $253,075 $720,646 $698,468 
(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:
Third Quarters EndedNine Months Ended
 March 31, 2023April 1, 2022March 31, 2023April 1, 2022
Components(1)
$53,187 $42,198 $130,263 $108,735 
Modules and Sub-assemblies(2)
55,433 52,719 173,547 134,342 
Integrated Subsystems(3)
154,859 158,158 416,836 455,391 
Total Net Revenue$263,479 $253,075 $720,646 $698,468 
(1) Components represent the basic building blocks of an electronic system. They generally perform a single function such as switching, storing or converting electronic signals. Some examples include 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 combine multiple components to serve a range of complex functions, including processing, networking and graphics display. Typically delivered as computer boards or other packaging, modules and sub-assemblies are usually designed using open standards to provide interoperability when integrated in a subsystem. Examples of modules and sub-assemblies include embedded processing boards, switched fabrics and boards for high-speed input/output, digital receivers, graphics and video, along with multi-chip modules, integrated radio frequency and microwave multi-function assemblies and radio frequency tuners and transceivers.
(3) Integrated subsystems bring components, modules and/or sub-assemblies into one system, enabled with software. Subsystems are typically, but not always, integrated within an open standards-based chassis and often feature interconnect technologies to enable communication between disparate systems. Spares and replacement modules and sub-assemblies are provided for use with subsystems sold by the Company. The Company’s subsystems are deployed in sensor processing, aviation and mission computing and C4I applications.
The following table presents the Company's net revenue by platform for the periods presented:
Third Quarters EndedNine Months Ended
March 31, 2023April 1, 2022March 31, 2023April 1, 2022
Airborne(1)
$126,674 $126,176 $364,968 $353,730 
Land(2)
58,816 38,285 119,483 100,118 
Naval(3)
39,961 42,725 104,900 116,938 
Other(4)
38,028 45,889 131,295 127,682 
Total Net Revenues$263,479 $253,075 $720,646 $698,468 
(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.
The geographic distribution of the Company’s identifiable long-lived assets is summarized as follows:
U.S.EuropeAsia PacificEliminationsTotal
March 31, 2023$116,212 $3,270 $— $— $119,482 
July 1, 2022$122,712 $4,476 $3 $— $127,191 
Identifiable long-lived assets exclude right-of-use assets, goodwill, and intangible assets.
Customers comprising 10% or more of the Company’s revenues for the periods shown are as follows:
 Third Quarters EndedNine Months Ended
 March 31, 2023April 1, 2022March 31, 2023April 1, 2022
Raytheon Technologies18 %15 %14 %15 %
Lockheed Martin Corporation13 %*14 %*
Northrop Grumman11 %*11 %*
U.S. Navy*14 %10 %15 %
42 %29 %49 %30 %
*    Indicates that the amount is less than 10% of the Company's revenue for the respective period.
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 third quarters and nine months ended March 31, 2023 and April 1, 2022.