Revenue from Contracts with Customers

6 Months Ended

Dec. 31, 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 and six months ended December 31, 2020 and 2019 ($000):

	Three Months Ended December 31, 2020
	Photonic Solutions		Compound Semiconductors		Unallocated & Other		Total
Commercial
Direct Ship Parts	$	478,887	$	257,187	$	—	$	736,074
Services	3,992		5,078		—		9,070
U.S. Government
Direct Ship Parts	—		35,447		—		35,447
Services	—		5,978		—		5,978
Total Revenues	$	482,879	$	303,690	$	—	$	786,569

	Three Months Ended December 31, 2019
	Photonic Solutions		Compound Semiconductors		Unallocated & Other		Total
Commercial
Direct Ship Parts	$	459,253	$	157,848	$	—	$	617,101
Services	1,140		3,297		—		4,437
U.S. Government
Direct Ship Parts	—		40,165		—		40,165
Services	—		4,628		—		4,628
Total Revenues	$	460,393	$	205,938	$	—	$	666,331

	Six Months Ended December 31, 2020
	Photonic Solutions		Compound Semiconductors		Unallocated & Other		Total
Commercial
Direct Ship Parts	$	972,816	$	438,102	$	—	$	1,410,917
Services	7,790		9,155		—		16,946
U.S. Government
Direct Ship Parts	—		71,935		—		71,935
Services	—		14,855		—		14,855
Total Revenues	$	980,606	$	534,047	$	—	$	1,514,653

	Six Months Ended December 31, 2019
	Photonic Solutions		Compound Semiconductors		Unallocated & Other		Total
Commercial
Direct Ship Parts	$	599,598	$	288,036	$	22,051	$	909,685
Services	2,151		8,989		—		11,140
U.S. Government
Direct Ship Parts	—		77,247		—		77,247
Services	—		8,668		—		8,668
Total Revenues	$	601,749	$	382,940	$	22,051	$	1,006,740

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 six months ended December 31, 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 $44.6 million of contract liabilities recorded in the Condensed Consolidated Balance Sheets as of December 31, 2020.