Business segments and geographic information

9 Months Ended

Mar. 27, 2020

Business segments and geographic information

20. Business segments and geographic information

Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is Fabrinet’s Chief Executive Officer. As of March 27, 2020, the Company operated and internally managed a single operating segment. Accordingly, the Company does not accumulate discrete information with respect to separate product lines and does not have separate reportable segments.

Total revenues are attributed to a particular geographic area based on the bill-to-location of the Company’s customers. The Company operates in three geographic regions: North America, Asia-Pacific and Europe.

The following table presents total revenues by geographic region:

	Three Months Ended				Nine Months Ended
(amount in thousands)	March 27, 2020		March 29, 2019		March 27, 2020		March 29, 2019
North America	$	206,751	$	195,504	$	631,096	$	558,028
Asia-Pacific		141,639		151,263		401,209		469,921
Europe		62,820		52,184		204,418		151,259
	$	411,210	$	398,951	$	1,236,723	$	1,179,208

As of March 27, 2020 and March 29, 2019, the Company had approximately $29.9 million and $31.7 million, respectively, of long-lived assets based in North America, with the substantial remainder of assets based in Asia-Pacific and Europe.

Significant customers

The Company had three and two customers that individually contributed 10% or more of its total trade accounts receivable as of March 27, 2020 and June 28, 2019, respectively.