Revenue from Contracts with Customers

3 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

The following tables summarize disaggregated revenue by revenue market, and product for the three months ended September 30, 2020 and 2019 ($000):

	Three Months Ended September 30, 2020
	Photonic Solutions		Compound Semiconductors		Unallocated & Other		Total
Commercial
Direct Ship Parts	$	493,928	$	180,915	$	—	$	674,843
Services	3,799		4,077		—		7,876
U.S. Government
Direct Ship Parts	—		36,488		—		36,488
Services	—		8,877		—		8,877
Total Revenues	$	497,727	$	230,357	$	—	$	728,084

	Three Months Ended September 30, 2019
	Photonic Solutions		Compound Semiconductors		Unallocated & Other		Total
Commercial
Direct Ship Parts	$	140,345	$	130,188	$	22,051	$	292,584
Services	1,012		5,691		—		6,703
U.S. Government
Direct Ship Parts	—		37,082		—		37,082
Services	—		4,040		—		4,040
Total Revenues	$	141,357	$	177,001	$	22,051	$	340,409

Contracts with the United States (“U.S.”) government disclosed above are through its prime contractors.

Contract Liabilities

Payments received from customers are based on invoices or billing schedules as established in contracts with customers. Contract liabilities relate to billings in advance of performance under the contract. Contract liabilities are recognized as revenue when the performance obligation has been performed. During the three months ended September 30, 2020, the Company recognized revenue of $9.7 million related to customer payments that were included as contract liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2020. The Company had $35.4 million of contract liabilities recorded in the Condensed Consolidated Balance Sheets as of September 30, 2020.