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Revenues from contracts with customers
6 Months Ended
Dec. 24, 2021
Revenue from Contract with Customer [Abstract]  
Revenues from contracts with customers Revenues from contracts with customers
Revenue by Geographic Area and End Market
Revenues are attributed to a particular geographic area based on the bill-to-location of the Company’s customers. The Company operates in three geographic regions: North America, Asia-Pacific and others and Europe.
The following table presents total revenues by geographic region:
(amount in thousands, except percentages)Three Months Ended
December 24, 2021
As a % of Total
Revenues
Six Months Ended
December 24, 2021
As a % of Total
Revenues
North America
   U.S.243,720 488,994 
   Others (1)
3,557 4,873 
   Total revenue in North America247,277 43.6 %493,867 44.5 %
Asia-Pacific and others 
   India74,121 139,054 
   Malaysia60,369 112,118 
   Hong Kong23,206 44,237 
   Israel22,801 50,434 
   Japan15,832 30,809 
   China14,146 27,781 
   Others11,565 23,790 
   Total revenue in Asia-Pacific and others222,040 39.2 %428,223 38.6 %
Europe
   Ireland54,900 104,384 
   U.K.22,941 42,519 
   Germany8,985 17,410 
   Others10,490 23,552 
   Total revenue in Europe$97,316 17.2 %$187,865 16.9 %
         Total revenue$566,633 100.0 %$1,109,955 100.0 %
(amount in thousands, except percentages)Three Months Ended
December 25, 2020
As a % of Total
Revenues
Six Months Ended
December 25, 2020
As a % of Total
Revenues
North America
   U.S.224,046 430,996 
   Others (1)
626 1,078 
   Total revenue in North America224,672 49.5 %432,074 48.5 %
Asia-Pacific and others
   Malaysia34,546 80,188 
   India28,865 28,885 
   Israel27,102 57,217 
   Hong Kong18,092 41,598 
   Japan17,309 37,642 
   China12,563 26,340 
   Others15,257 27,510 
   Total revenue in Asia-Pacific and others153,734 33.9 %299,380 33.6 %
Europe
   Ireland48,954 102,730 
   U.K.10,004 25,315 
   Germany6,253 12,052 
   Others10,210 18,915 
   Total revenue in Europe$75,421 16.6 %$159,012 17.9 %
         Total revenue$453,827 100.0 %$890,466 100.0 %
(1)Others includes revenues from external customers based in our country of domicile, the Cayman Islands, which for each year presented is $0.
The following table presents revenues by end market.
(amount in thousands, except percentages)Three Months Ended
December 24, 2021
As a % of Total
Revenues
Six Months Ended
December 24, 2021
As a % of Total
Revenues
Optical communications$450,783 79.6 %$878,084 79.1 %
Lasers, sensors and other115,850 20.4 %231,871 20.9 %
Total$566,633 100.0 %$1,109,955 100.0 %

(amount in thousands, except percentages)Three Months Ended
December 25, 2020
As a % of Total
Revenues
Six Months Ended
December 25, 2020
As a % of Total
Revenues
Optical communications$347,840 76.6 %$691,757 77.7 %
Lasers, sensors and other105,987 23.4 %198,709 22.3 %
Total$453,827 100.0 %$890,466 100.0 %
Contract Assets and Liabilities
A contract asset is recognized when the Company has recognized revenues prior to generating an invoice for payment. Contract assets are classified separately within the unaudited condensed consolidated balance sheets and transferred to accounts receivable when rights to payment become unconditional.
A contract liability is recognized when the Company has advance payment arrangements with customers. The contract liabilities balance is normally recognized as revenue within six months.
The following tables summarize the activity in the Company’s contract assets and contract liabilities during the six months ended December 24, 2021:
(amount in thousands)Contract
Assets
Beginning balance, June 25, 2021
$11,878 
Revenue recognized26,241 
Amounts collected or invoiced(24,971)
Ending balance, December 24, 2021
$13,148 
(amount in thousands)Contract
Liabilities
Beginning balance, June 25, 2021
$1,680 
Advance payment received during the period3,281 
Revenue recognized(3,067)
Ending balance, December 24, 2021
$1,894