INVENTORIES

3 Months Ended

Sep. 27, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. System shipments to customers in Japan, for which title does not transfer until customer acceptance, are classified as finished goods inventory and carried at cost until title transfers. Inventories consist of the following:

	September 27, 2020		June 28, 2020
	(in thousands)
Raw materials	$	1,284,302	$	1,161,961
Work-in-process	269,023		251,199
Finished goods	584,725		486,864
	$	2,138,050	$	1,900,024