Note 10 Business Segment, Geographic and Customer Information

6 Months Ended

Mar. 29, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Business Segment, Geographic and Customer Information

ASC Topic 280, Segment Reporting, establishes standards for reporting information about operating segments, products and services, geographic areas of operations and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available and 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 operations are managed as two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The Company's CPS business consists of multiple operating segments which do not meet the quantitative threshold for being presented as reportable segments. Therefore, financial information for these operating segments is presented in a single category entitled "CPS" and the Company has only one reportable segment - IMS.

Effective in the fourth quarter of 2013, the Company's Optical and RF modules group was moved from IMS to CPS. Accordingly, the prior period results presented below reflect this change in segment reporting to conform to the current period segment reporting structure.

The following table presents revenue and a non-GAAP measure of gross profit used by management to allocate resources and assess performance of operating segments:

	Three Months Ended						Six Months Ended
	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	(In thousands)
Gross sales:
IMS	$	1,146,609		$	1,157,554		$	2,296,319		$	2,359,619
CPS	386,251			319,490			735,474			649,601
Intersegment revenue	(56,148		)	(49,402		)	(107,583		)	(86,633		)
Net sales	$	1,476,712		$	1,427,642		$	2,924,210		$	2,922,587
Gross profit:
IMS	$	79,598		$	66,424		$	160,621		$	136,313
CPS	41,344			35,492			72,981			66,891
Total	120,942			101,916			233,602			203,204
Unallocated items (1)	(1,975		)	(1,612		)	(3,850		)	(5,972		)
Total	$	118,967		$	100,304		$	229,752		$	197,232

(1) Represents amounts associated with items that management excludes from its measure of gross profit shown above. These items include stock-based compensation expense, amortization of intangible assets, charges or credits resulting from distressed customers and similar items that either occur infrequently or are of a non-operational nature.

Net sales by geographic segment, determined based on the country in which a product is manufactured, was as follows:

	Three Months Ended				Six Months Ended
	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
	(In thousands)
Net sales
United States	$	278,676	$	260,911	$	548,597	$	520,565
Mexico	364,353		344,391		697,628		687,413
China	368,496		351,236		739,550		766,213
Other international	465,187		471,104		938,435		948,396
Total	$	1,476,712	$	1,427,642	$	2,924,210	$	2,922,587

Percentage of net sales represented by ten largest customers	49.1	%	50.3	%	49.1	%	49.5	%
Number of customers representing 10% or more of net sales	1		1		1		—