Revenue from Contracts with Customers

6 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

Note 4. 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, 2019 and 2018 ($000):

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

	Three Months Ended December 31, 2018
	Compound		Photonic		Unallocated
	Semiconductors		Solutions		& Other			Total
Commercial							`
Direct Ship Parts	$	140,698	$	157,965	$	-		$	298,663
Services		2,889		1,729		-			4,618
U.S. Government
Direct Ship Parts		33,507		-		-			33,507
Services		6,051		-		-			6,051
Total Revenues	$	183,145	$	159,694	$	-		$	342,839

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

	Six Months Ended December 31, 2018
	Compound		Photonic		Unallocated
	Semiconductors		Solutions		& Other		Total
Commercial
Direct Ship Parts	$	285,565	$	291,330	$	-	$	576,895
Services		6,884		3,520		-		10,404
U.S. Government
Direct Ship Parts		60,687		-		-		60,687
Services		9,286		-		-		9,286
Total Revenues	$	362,422	$	294,850	$	-	$	657,272

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 and six months ended December 31, 2019, the Company recognized revenue of $21.2 million and $50.2 million, respectively, related to customer payments that were included as contract liabilities in the Condensed Consolidated Balance Sheet as of July 1, 2019. The Company had $37.7 million and $19.4 million of contract liabilities recorded in the Condensed Consolidated Balance Sheets as of December 31, 2019 and June 30, 2019, respectively.