INVENTORIES

6 Months Ended

Dec. 29, 2019

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. System shipments to customers in Japan, for which title does not transfer until customer acceptance, are classified as finished goods inventory and carried at cost until title transfers. Inventories consist of the following:

	December 29, 2019		June 30, 2019
	(in thousands)
Raw materials	$	980,751	$	994,738
Work-in-process	200,626		174,219
Finished goods	347,243		371,183
	$	1,528,620	$	1,540,140