Revenue from Contracts with Customers

3 Months Ended

Sep. 30, 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 months ended September 30, 2019 and 2018 ($000):

	Three Months Ended September 30, 2019
	Compound		Photonic		Unallocated
	Semiconductors		Solutions		& Other		Total
Commercial
Direct Ship Parts	$	130,188	$	140,345	$	22,051	$	292,584
Services		5,691		1,012		-		6,703
U.S. Government
Direct Ship Parts		37,082		-		-		37,082
Services		4,040		-		-		4,040
Total Revenues	$	177,001	$	141,357	$	22,051	$	340,409

	Three Months Ended September 30, 2018
	Compound		Photonic		Unallocated
	Semiconductors		Solutions		& Other		Total
Commercial
Direct Ship Parts	$	144,867	$	133,365	$	-	$	278,232
Services		3,995		1,791		-		5,786
U.S. Government
Direct Ship Parts		27,180		-		-		27,180
Services		3,235		-		-		3,235
Total Revenues	$	179,277	$	135,156	$	-	$	314,433

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 months ended September 30, 2019, the Company recognized revenue of $29.0 million related to customer payments that were included as contract liabilities in the consolidated balance sheet as of July 1, 2019. As of September 30, 2019, the Company had $31.4 million of contract liabilities recorded in the consolidated balance sheet.