XML 57 R15.htm IDEA: XBRL DOCUMENT

CUSTOMER AND SUPPLIER CONCENTRATION RISK	9 Months Ended
Mar. 30, 2014
Risks and Uncertainties [Abstract]
CUSTOMER AND SUPPLIER CONCENTRATION RISK	NOTE I – CUSTOMER AND SUPPLIER CONCENTRATION RISK The Company had sales to four customers for the nine months ended March 30, 2014 and March 31, 2013, respectively, which represented approximately 43.1% and 37.8% of our sales. The concentration of the Company’s business with a relatively small number of customers may expose us to a material adverse effect if one or more of these large customers were to experience financial difficulty or were to cease being customer for non-financial related issues. The Company sells a majority of its products in the Precision Components Group for use in medical and dental devices, firearms and defense components, automotive uses, aerospace components, consumer durables, and electronic devices. As of March 30, 2014 and June 30, 2013, these customers represented approximately 31.3% and 35.6%, respectively, of our net trade accounts receivable. As of March 30, 2014 and June 30, 2013, respectively, there was no concentration in the volume of business above 5% transacted with a particular supplier for which the Company had no alternative sources of supply.

CUSTOMER AND SUPPLIER CONCENTRATION RISK

9 Months Ended

Mar. 30, 2014

CUSTOMER AND SUPPLIER CONCENTRATION RISK

NOTE I – CUSTOMER AND SUPPLIER CONCENTRATION RISK

The Company had sales to four customers for the nine months ended March 30, 2014 and March 31, 2013, respectively, which represented approximately 43.1% and 37.8% of our sales. The concentration of the Company’s business with a relatively small number of customers may expose us to a material adverse effect if one or more of these large customers were to experience financial difficulty or were to cease being customer for non-financial related issues. The Company sells a majority of its products in the Precision Components Group for use in medical and dental devices, firearms and defense components, automotive uses, aerospace components, consumer durables, and electronic devices.

As of March 30, 2014 and June 30, 2013, these customers represented approximately 31.3% and 35.6%, respectively, of our net trade accounts receivable.

As of March 30, 2014 and June 30, 2013, respectively, there was no concentration in the volume of business above 5% transacted with a particular supplier for which the Company had no alternative sources of supply.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details