Segment Reporting and Geographic Information
|6 Months Ended|
Dec. 31, 2018
|Segment Reporting [Abstract]|
|SEGMENT REPORTING AND GEOGRAPHIC INFORMATION||
NOTE 17 – SEGMENT REPORTING AND GEOGRAPHIC INFORMATION
While we operate our business in multiple operating segments, we have only one reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is our Chief Executive Officer.
All operating segments have been aggregated due to their inter-dependencies, commonality of long-term economic characteristics, products and services, the production processes, class of customer and distribution processes. Our service products are an extension of the system product portfolio and provide customers with spare parts and fab management services (including system preventive maintenance and optimization services) to improve yield, increase production uptime and throughput, and lower the cost of ownership. Since we operate in one reportable segment, all financial segment information required by the authoritative guidance can be found in the condensed consolidated financial statements.
Our significant operations outside the United States include manufacturing facilities in China, Germany, Israel and Singapore and sales, marketing and service offices in Japan, the rest of the Asia Pacific region and Europe. For geographical revenue reporting, revenues are attributed to the geographic location in which the customer is located. Long-lived assets consist of land, property and equipment, net and are attributed to the geographic region in which they are located.
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods (as a percentage of total revenues):
The following is a summary of revenues by major products for the indicated periods (as a percentage of total revenues):
(1) The Global Service and Support revenues includes service revenues as presented in the Condensed Consolidated Statements of Operations as well as certain product revenues, primarily revenues from our K-T Pro business.
In the three months ended December 31, 2018, two customers accounted for approximately 14% and 13% of total revenues. In the three months ended December 31, 2017, one customer accounted for approximately 17% of total revenues. In the six months ended December 31, 2018, one customer accounted for approximately 14% of total revenues. In the six months ended December 31, 2017, one customer accounted for approximately 22% of total revenues. Three customers on an individual basis accounted for greater than 10% of net accounts receivables as of December 31, 2018 and June 30, 2018, respectively.
Long-lived assets by geographic region as of the dates indicated below were as follows:
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef