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ENTERPRISE-WIDE DISCLOSURES
12 Months Ended
Jun. 29, 2024
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 June 29, 2024, 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 June 29, 2024, July 1, 2023, and July 2, 2022 contract manufacturing sales and services were $566.9 million, $605.3 million, and $544.2 million respectively.
Geographic Areas
Net sales and long-lived assets (property, plant, and equipment) by geographic area for the years ended and as of June 29, 2024, 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)
RestatedRestated
202420232022
Geographic net sales:
Domestic (U.S.)$439,334 $518,819 $450,380 
Foreign127,608 86,496 93,797 
Total$566,942 $605,315 $544,177 
Long-lived assets:
United States$24,497 $21,799 $14,440 
Mexico15,531 18,203 22,473 
Vietnam3,780 4,547 5,228 
China414 523 601 
Total$44,222 $45,072 $42,742 
Percentage of net sales made to customers located in the following countries:
Fiscal Year Ended
202420232022
United States77%86%83%
China22%13%15%
Other foreign countries (a)
1%1%2%
Total100%100%100%
(a) No other individual foreign country accounted for 10% or more of the foreign sales in fiscal years 2024 or 2023.
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 Receivables
Fiscal Year
 202420232022202420232022
Customer A20%12%12 %21%16%13%
Customer B**13 %***