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Reportable Segments (Tables)
3 Months Ended
Sep. 29, 2019
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 ended
 
September 29, 2019

September 23, 2018
Revenue:
 
 
 
Wolfspeed revenue

$127.7

 

$127.4

LED Products revenue
115.1

 
146.8

Total revenue

$242.8

 

$274.2

 
 
 
 
Gross Profit and Gross Margin:
 
 
 
Wolfspeed gross profit

$59.0

 

$60.4

Wolfspeed gross margin
46.2
%
 
47.4
%
LED Products gross profit
22.1

 
41.3

LED Products gross margin
19.2
%
 
28.1
%
Total segment gross profit
81.1

 
101.7

Unallocated costs
(6.9
)
 
(2.2
)
COGS acquisition related costs

 
(1.2
)
Consolidated gross profit

$74.2

 

$98.3

Consolidated gross margin
30.6
%
 
35.8
%

Schedule of Percentage of Revenues from External Customers by Geographic Area Disaggregated revenue from external customers by geographic area is as follows:
 
Three months ended
 
September 29, 2019
 
September 23, 2018
(in millions of U.S. Dollars)
Revenue
 
% of Revenue
 
Revenue
 
% of Revenue
United States

$55.4

 
23
%
 

$66.2

 
24
%
China
73.2

 
30
%
 
101.0

 
37
%
Europe
63.0

 
26
%
 
69.8

 
25
%
Other
51.2

 
21
%
 
37.2

 
14
%
Total

$242.8

 
 
 

$274.2

 
 

Schedule of Inventories by Segment
Inventories for each of the Company's segments were as follows:
 
September 29, 2019
 
June 30, 2019
Wolfspeed

$90.3

 

$81.6

LED Products
86.5

 
99.2

Total segment inventories
176.8

 
180.8

Unallocated inventories
6.1

 
6.6

Consolidated inventories

$182.9

 

$187.4