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Reportable Segments, Geographic Information and Major Customers (Tables)
12 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Reportable Segments Information
Information about the Company’s three reportable segments for fiscal 2023, 2022 and 2021 is as follows (in thousands):
 202320222021
Net sales:
AMER$1,558,230 $1,310,687 $1,317,404 
APAC2,358,390 2,300,640 1,850,603 
EMEA403,040 316,315 312,669 
Elimination of inter-segment sales(109,355)(116,274)(111,811)
$4,210,305 $3,811,368 $3,368,865 
   
Operating income (loss):
AMER$79,678 $44,741 $62,338 
APAC289,556 267,253 238,800 
EMEA1,576 8,018 (895)
Corporate and other costs(174,990)(141,827)(123,975)
$195,820 $178,185 $176,268 
Other income (expense):
Interest expense$(31,542)$(15,858)$(14,253)
Interest income3,138 1,305 1,372 
Miscellaneous, net(6,403)(5,329)(2,976)
Income before income taxes$161,013 $158,303 $160,411 
  
202320222021
Depreciation:
AMER$23,560 $23,482 $24,325 
APAC29,218 23,547 19,924 
EMEA6,281 5,861 7,189 
Corporate9,513 8,613 8,390 
$68,572 $61,503 $59,828 
Capital expenditures:
   AMER$23,880 $20,024 $16,114 
   APAC45,923 73,758 31,774 
EMEA23,120 2,617 2,504 
Corporate11,126 5,213 6,707 
$104,049 $101,612 $57,099 
   
 September 30,
2023
October 1,
2022
 
Total assets:
AMER$1,124,555 $1,150,605 
APAC1,696,795 1,807,542 
EMEA462,199 302,901 
Corporate and eliminations37,623 132,177 
$3,321,172 $3,393,225 
  
Schedule of Net Sales and Long-lived Assets
The following information is provided in accordance with the required segment disclosures for fiscal 2023, 2022 and 2021. Net sales were based on the Company’s location providing the product or service (in thousands):
202320222021
Net sales:
United States$1,001,697 $869,144 $914,360 
Malaysia1,886,970 1,846,086 1,495,049 
Mexico556,532 441,543 403,044 
China456,443 453,591 355,554 
Romania297,969 217,052 202,649 
United Kingdom98,314 91,137 99,365 
Thailand14,978 963 — 
Germany6,757 8,126 10,655 
Elimination of inter-country sales(109,355)(116,274)(111,811)
$4,210,305 $3,811,368 $3,368,865 
   
September 30,
2023
October 1,
2022
 
Long-lived assets:
United States$107,392 $105,272 
Malaysia159,182 152,317 
Mexico77,757 77,947 
Thailand58,009 56,115 
Romania51,653 23,894 
China44,068 37,608 
United Kingdom8,234 6,842 
Other Foreign2,767 2,899 
Corporate52,337 46,945 
$561,399 $509,839 
Concentration of Risk
As a percentage of consolidated net sales, net sales attributable to customers representing 10.0% or more of consolidated net sales for fiscal 2023, 2022 and 2021 were as follows:
 202320222021
GE Healthcare Technologies, Inc. ("GEHC")10.3%**
General Electric Company ("GE")*12.9%11.2%
 * Net sales attributable to the customer were less than 10.0% of consolidated net sales for the period