ENTERPRISE-WIDE DISCLOSURES

12 Months Ended

Jul. 01, 2023

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 1, 2023, 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 1, 2023 and July 2, 2022, contract manufacturing sales and services were $588.1 million and $531.8 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 1, 2023 and July 2, 2022 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)
	2023		2022
Geographic net sales:
Domestic (U.S.)	$	502,274	$	438,018
Foreign	$	85,861	$	93,797
Total	$	588,135	$	531,815
Long-lived assets:
United States	$	21,799	$	14,440
Mexico	$	18,203	22,473
Vietnam	$	4,547	5,228
China	$	523	601
Total	$	45,072	$	42,742

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

	Fiscal Year Ended
	2023	2022
United States	85%	82%
China	14	16
Other foreign countries (a)	1	2
Canada	—	—
Total	100%	100%

(a) No other individual foreign country accounted for 10% or more of the foreign sales in fiscal years 2023 or 2022.

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
	2023	2022	2023	2022
Customer A	12%	12%	16%	13%