ENTERPRISE-WIDE DISCLOSURES

12 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

ENTERPRISE-WIDE DISCLOSURES

ENTERPRISE-WIDE DISCLOSURES

Operating segments are defined in ASC Topic 280, Segment Reporting as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its Chief Executive Officer. As of July 2, 2022, the Company operates and internally manages a single operating segment, Electronics Manufacturing Services as this is the only discrete financial information that is regularly reviewed by the chief operating decision maker. This segment provides integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing for our customers.

Products and Services

Of the revenues for the years ended July 2, 2022, July 3, 2021, and June 27, 2020, contract manufacturing sales and services were $531.8 million, $518.7 million and $449.5 million, respectively.

Geographic Areas

Net sales and long-lived assets (property, plant, and equipment) by geographic area for the years ended and as of July 2, 2022, July 3, 2021 and June 27, 2020 are summarized in the following table. Net sales set forth below are based on the shipping destination. Long-lived assets information is based on the physical location of the asset and includes property, plant and equipment, net, and operating lease right-of-use assets, net.

	Fiscal Year Ended
	(in thousands)
	2022		2021		2020
Geographic net sales:
Domestic (U.S.)	$	438,018	$	372,217	$	338,766
Foreign	93,797		146,481		110,714
Total	$	531,815	$	518,698	$	449,480
Long-lived assets:
United States	$	14,440	$	20,949	$	21,078
Mexico	22,473		24,089		20,828
Vietnam	5,229		5,919		6,567
China	601		523		859
Total	$	42,743	$	51,480	$	49,332

Percentage of net sales made to customers located in the following countries:

	Fiscal Year Ended
	2022	2021	2020
United States	82%	72%	75%
China	16	25	19
Other foreign countries (a)	2	3	5
Canada	—	—	1
Total	100%	100%	100%

(a) No other individual foreign country accounted for 10% or more of the foreign sales in fiscal years 2021, 2020 or 2019.

Significant Customers

The percentage of net sales to and trade accounts receivables from significant customers were as follows:

	Percentage of Net Sales Fiscal Year			Percentage of Trade Accounts Receivable Fiscal Year
	2022	2021	2020	2022	2021
Customer A	13%	*	*	5%	*
Customer B	12%	24%	18%	13%	15%