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Revenue (Tables)
9 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following tables compare the amounts reported in the condensed consolidated statements of income and condensed consolidated balance sheet to the amounts had the previous revenue recognition guidance been in effect:

 
As of March 31, 2019
 
As Reported
 
Adjustment
 
Balances Without Adoption
 
(in thousands)
Accounts receivable, net
$
28,410

 
$
134

 
$
28,544

Accrued liabilities
$
40,736

 
$
(101
)
 
$
40,635

Deferred margin
$

 
$
1,670

 
$
1,670

Income taxes payable
$
2,100

 
$
(39
)
 
$
2,061

Deferred income tax liabilities
$
1,325

 
$
(291
)
 
$
1,034

Retained earnings
$
122,940

 
$
(1,105
)
 
$
121,835


 
Three Months Ended March 31, 2019
 
Nine Months Ended March 31, 2019
 
As Reported
 
Adjustment
 
Balances Without Adoption
 
As Reported
 
Adjustment
 
Balances Without Adoption
 
(in thousands)
 
(in thousands)
Revenue
$
109,067

 
$
(21
)
 
$
109,046

 
$
339,064

 
$
(329
)
 
$
338,735

Cost of goods sold
$
83,438

 
$
(91
)
 
$
83,347

 
$
251,322

 
$
(205
)
 
$
251,117

Gross profit
$
25,629

 
$
70

 
$
25,699

 
$
87,742

 
$
(124
)
 
$
87,618

Income tax expense
$
625

 
$
6

 
$
631

 
$
1,886

 
$
(39
)
 
$
1,847

Net loss including noncontrolling interest
$
(5,955
)
 
$
64

 
$
(5,891
)
 
(12,403
)
 
$
(85
)
 
$
(12,488
)
Disaggregation of Revenue
The following table presents the Company's revenue information by geographical location based on the country or region to which the products were shipped. The Company sells its products primarily to distributors in the Asia Pacific region, who in turn sell these products to end customers. Because the Company's distributors sell their products to end customers which may have a global presence, revenue by geographical location is not necessarily representative of the geographical distribution of sales to end user markets.
 
Three Months Ended March 31,
 
 
Nine Months Ended March 31,
 
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
 
(in thousands)
Hong Kong
$
87,143

 
$
84,632

 
$
265,914

 
$
252,302

China
18,834

 
15,849

 
63,991

 
52,122

South Korea
260

 
243

 
568

 
831

United States
1,684

 
1,358

 
5,624

 
4,050

Other countries
1,146

 
820

 
2,967

 
2,351

 
$
109,067

 
$
102,902

 
$
339,064

 
$
311,656


The following is a summary of revenue by product type:
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
 
(in thousands)
Power discrete
$
89,936

 
$
83,982

 
$
275,485

 
$
252,754

Power IC
17,631

 
15,685

 
56,430

 
49,540

Packaging and testing services
1,500

 
3,235

 
7,149

 
9,362

 
$
109,067

 
$
102,902

 
$
339,064

 
$
311,656