XML 20 R34.htm IDEA: XBRL DOCUMENT v3.20.1
Reportable Segments (Tables)
9 Months Ended
Mar. 29, 2020
Segment Reporting [Abstract]  
Schedule of Revenues, Gross Profit and Gross Margin by Segment
Revenue, gross profit and gross margin for each of the Company's segments were as follows:
Three months endedNine months ended
March 29, 2020March 31, 2019March 29, 2020March 31, 2019
Revenue:
Wolfspeed revenue$113.9  $141.2  $362.3  $403.9  
LED Products revenue101.6  132.8  335.9  424.8  
Total revenue$215.5  $274.0  $698.2  $828.7  
Gross Profit and Gross Margin:
Wolfspeed gross profit$45.5  $68.8  $146.3  $193.9  
Wolfspeed gross margin39.9 %48.7 %40.4 %48.0 %
LED Products gross profit20.3  37.0  68.9  121.8  
LED Products gross margin20.0 %27.9 %20.5 %28.7 %
Total segment gross profit65.8  105.8  215.2  315.7  
Unallocated costs(4.4) (3.9) (17.7) (10.8) 
COGS acquisition related costs—  (1.4) —  (2.6) 
Consolidated gross profit$61.4  $100.5  $197.5  $302.3  
Consolidated gross margin28.5 %36.7 %28.3 %36.5 %
Schedule of Percentage of Revenues from External Customers by Geographic Area Disaggregated revenue from external customers by geographic area is as follows:
 Three months endedNine months ended
 March 29, 2020March 31, 2019March 29, 2020March 31, 2019
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of RevenueRevenue% of RevenueRevenue% of Revenue
United States$45.3  21.0 %$68.8  25.1 %$161.4  23.1 %$197.8  23.9 %
China55.4  25.7 %83.0  30.3 %200.8  28.8 %289.6  34.9 %
Europe64.8  30.1 %63.2  23.1 %188.3  27.0 %197.1  23.8 %
Other50.0  23.2 %59.0  21.5 %147.7  21.2 %144.2  17.4 %
Total$215.5  $274.0  $698.2  $828.7  
Schedule of Inventories by Segment
Inventories for each of the Company's segments were as follows:
March 29, 2020June 30, 2019
Wolfspeed$90.1  $81.6  
LED Products74.2  99.2  
Total segment inventories164.3  180.8  
Unallocated inventories5.8  6.6  
Consolidated inventories$170.1  $187.4