Revenue Recognition

3 Months Ended

Oct. 02, 2021

Revenue Recognition and Deferred Revenue [Abstract]

Revenue Recognition

Note 16. Revenue Recognition

Disaggregation of Revenue

We disaggregate revenue by product and by geography. We do not present other levels of disaggregation, such as by type of products, customer, markets, contracts, duration of contracts, timing of transfer of control and sales channels, as this information is not used by our CODM to manage the business.

The table below discloses our total net revenue attributable to each of our two reportable segments. In addition, the table sets forth the percentage of our total net revenue attributable to our product offerings which serve Telecom and Datacom, and Consumer and Industrial markets which accounted for 10% or more of our total net revenue during the periods presented (in millions, except percentage data):

	Three Months Ended
	October 2, 2021				September 26, 2020
OpComms:
Telecom and Datacom	$	216.0	48.2	%	$	261.3	57.7	%
Consumer and Industrial	190.0		42.3		167.2		37.0
Total OpComms	$	406.0	90.5	%	$	428.5	94.7	%
Lasers	42.4		9.5	%	23.9		5.3	%
Net Revenue	$	448.4			$	452.4

Contract Balances

The following table reflects the changes in contract balances as of October 2, 2021 (in millions, except percentages):

Contract balances	Balance sheet location	October 2, 2021		July 3, 2021		Change		Percentage Change
Accounts receivable, net	Accounts receivable, net	$	263.2	$	212.8	$	50.4	23.7	%
Deferred revenue and customer deposits	Other current liabilities	$	—	$	0.6	$	(0.6)	(100.0)	%