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Business segments and geographic information
12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Business segments and geographic information Business segments and geographic information
Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (the “CODM”) in deciding how to allocate resources and in assessing performance. The Company’s CODM is Fabrinet’s Chief Executive Officer. As of June 30, 2023, June 24, 2022 and June 25, 2021, the Company operated and internally managed a single operating segment. Accordingly, the Company does not accumulate discrete information with respect to separate product lines and does not have separate reportable segments.
For the Company’s revenues by geographic region, see “Revenue by Geographic Area and End Market” in Note 3.
The following table presents long-lived assets by the country in which they are based:
Years Ended
(in thousands)June 30,
2023
June 24,
2022
June 25,
2021
Long-Lived Assets:
Thailand$264,382 $240,750 $190,843 
U.S.25,267 25,938 27,403 
China17,407 19,686 14,977 
Israel2,796 4,025 5,271 
Others498 1,878 2,635 
310,350 292,277 241,129 
Significant customers
Total revenues, by percentage, from individual customers representing 10% or more of total revenues in the respective periods were as follows:
Years Ended
June 30,
2023
June 24,
2022
June 25,
2021
Cisco Systems Inc.15.6 %25.4 %10.7 %
Lumentum Operations LLC15.4 %10.3 %13.6 %
Nvidia Corporation12.5 %**
Infinera Corporation12.4 %12.5 %11.6 %
*    Represents less than 10% of total revenues.
Accounts receivable from individual customers representing 10% or more of accounts receivable as of June 30, 2023 and June 24, 2022, respectively, were as follows:
As of June 30,
2023
As of June 24,
2022
Infinera Corporation20.5 %17.1 %
Nvidia Corporation14.0 %*
Lumentum Operations LLC13.7 %11.8 %
Cisco Systems Inc.*19.8 %
*    Represents less than 10% of total accounts receivable.