Reportable Segments, Geographic Information and Major Customers (Tables)

12 Months Ended

Sep. 28, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segments Information

Information about the Company’s three reportable segments for fiscal 2024, 2023 and 2022 is as follows (in thousands):

	2024		2023		2022
Net sales:
AMER	$	1,323,428	$	1,558,230	$	1,310,687
APAC	2,213,111		2,358,390		2,300,640
EMEA	541,610		403,040		316,315
Elimination of inter-segment sales	(117,322)		(109,355)		(116,274)
	$	3,960,827	$	4,210,305	$	3,811,368
Operating income:
AMER	$	39,603	$	79,678	$	44,741
APAC	289,300		289,556		267,253
EMEA	13,416		1,576		8,018
Corporate and other costs	(174,587)		(174,990)		(141,827)
	$	167,732	$	195,820	$	178,185
Other income (expense):
Interest expense	$	(28,876)	$	(31,542)	$	(15,858)
Interest income	3,860		3,138		1,305
Miscellaneous, net	(13,184)		(6,403)		(5,329)
Income before income taxes	$	129,532	$	161,013	$	158,303

	2024		2023		2022
Depreciation:
AMER	$	23,544	$	23,560	$	23,482
APAC	32,270		29,218		23,547
EMEA	11,005		6,281		5,861
Corporate	9,843		9,513		8,613
	$	76,662	$	68,572	$	61,503
Capital expenditures:
AMER	$	18,392	$	23,880	$	20,024
APAC	29,664		45,923		73,758
EMEA	38,820		23,120		2,617
Corporate	8,306		11,126		5,213
	$	95,182	$	104,049	$	101,612
	September 28, 2024		September 30, 2023
Total assets:
AMER	$	937,409	$	1,124,555
APAC	1,608,377		1,696,795
EMEA	443,514		462,199
Corporate and eliminations	164,521		37,623
	$	3,153,821	$	3,321,172

Schedule of Net Sales and Long-lived Assets

The following information is provided in accordance with the required segment disclosures for fiscal 2024, 2023 and 2022. Net sales were based on the Company’s location providing the product or service (in thousands):

	2024		2023		2022
Net sales:
United States	$	817,454	$	1,001,697	$	869,144
Malaysia	1,756,747		1,886,970		1,846,086
Mexico	505,973		556,532		441,543
Romania	422,756		297,969		217,052
China	384,493		456,443		453,591
United Kingdom	115,688		98,314		91,137
Thailand	71,871		14,978		963
Germany	3,167		6,757		8,126
Elimination of inter-country sales	(117,322)		(109,355)		(116,274)
	$	3,960,827	$	4,210,305	$	3,811,368

	September 28, 2024		September 30, 2023
Long-lived assets:
United States	$	96,956	$	107,392
Malaysia	173,139		159,182
Mexico	74,158		77,757
Romania	56,877		51,653
Thailand	56,415		58,009
China	40,254		44,068
Poland	13,594		—
United Kingdom	12,689		8,234
Other Foreign	—		2,767
Corporate	51,390		52,337
	$	575,472	$	561,399

Concentration of Risk

As a percentage of consolidated net sales, there were no customers representing 10.0% or more of consolidated net sales for fiscal 2024. Net sales attributable to customers representing 10.0% or more of consolidated net sales for fiscal 2023 and 2022 were as follows:

	2023	2022
GE Healthcare Technologies, Inc. ("GEHC")	10.3%	*
General Electric Company ("GE")	*	12.9%
* Net sales attributable to the customer were less than 10.0% of consolidated net sales for the period