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Revenue From Contracts with Customers (Tables)
3 Months Ended
Dec. 29, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Impacts of Adoption of New Accounting Pronouncement
As a result of adoption of Topic 606, the following adjustments were made to the opening balances of the Company's Condensed Consolidated Balance Sheets (in thousands):
 
Balance at September 29, 2018
 
Impacts due to adoption of Topic 606
 
Balance at September 30, 2018
ASSETS
 
 
 
 
 
   Contract assets
$

 
$
76,417

 
$
76,417

   Inventories
794,346

 
(68,959
)
 
725,387

LIABILITIES AND SHAREHOLDERS' EQUITY
   Other accrued liabilities
$
68,163

 
$
(357
)
 
$
67,806

   Retained earnings
1,062,246

 
7,815

 
1,070,061

The effects of the adoption on the Company's Condensed Consolidated Financial Statements for the three months ended December 29, 2018 were as follows (in thousands):
 
Three Months Ended
 
December 29, 2018 As Reported
 
Adjustments due to Topic 606
 
December 29, 2018 As Adjusted - Without Adoption of ASC Topic 606
Net sales
$
765,544

 
$
6,185

 
$
759,359

Cost of sales
693,161

 
5,194

 
687,967

       Gross profit
72,383

 
991

 
71,392

       Operating income
36,951

 
991

 
35,960

       Income before income taxes
34,115

 
991

 
33,124

Income tax expense
11,889

 
194

 
11,695

           Net income
$
22,226

 
$
797

 
$
21,429

 
December 29, 2018 As Reported
 
Effect of the Adoption of ASC Topic 606
 
December 29, 2018 As Adjusted - Without Adoption of ASC Topic 606
ASSETS
 
 
 
 
 
   Contract assets
$
82,775

 
$
82,775

 
$

   Inventories
798,271

 
(74,152
)
 
872,423

LIABILITIES AND SHAREHOLDERS' EQUITY
   Other accrued liabilities
$
83,004

 
$
11

 
$
82,993

   Retained earnings
1,092,287

 
8,612

 
1,083,675

Schedule of Disaggregation of Revenue
The tables below include the Company’s net sales for the three months ended December 29, 2018, disaggregated by geographic reportable segment and market sector (in thousands):
 
 
Three Months Ended December 29, 2018
 
 
Reportable Segment:
 
 
AMER
 
APAC
 
EMEA
 
Total
Market Sector:
 
 
 
 
 
 
 
 
Healthcare/Life Sciences
 
$
115,765

 
$
152,106

 
$
32,707

 
$
300,578

Industrial/Commercial
 
83,718

 
116,271

 
19,153

 
219,142

Communications
 
90,464

 
30,975

 
1,920

 
123,359

Aerospace/Defense
 
62,373

 
42,094

 
17,998

 
122,465

     External revenue
 
$
352,320

 
$
341,446

 
$
71,778

 
$
765,544

Inter-segment sales
 
1,547

 
36,666

 
520

 
38,733

        Total sales revenue
 
$
353,867

 
$
378,112

 
$
72,298

 
$
804,277

Schedule of Contract Assets
The following table summarizes the activity in the Company's contract assets during the three months ended December 29, 2018 (in thousands):
 
 
Contract Assets
Beginning balance, September 29, 2018
 
$

Cumulative effect adjustment at September 29, 2018
 
76,417

Revenue recognized
 
681,712

Amounts collected or invoiced
 
(675,354
)
Ending balance, December 29, 2018
 
$
82,775