Note 10 Business Segment, Geographic and Customer Information

3 Months Ended

Dec. 27, 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.

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

	Three Months Ended
	December 27, 2014			December 28, 2013
	(In thousands)
Gross sales:
IMS	$	1,376,834		$	1,149,710
CPS	352,337			349,223
Intersegment revenue	(58,009		)	(51,435		)
Net sales	$	1,671,162		$	1,447,498
Gross profit:
IMS	$	100,907		$	81,023
CPS	31,567			31,637
Total	132,474			112,660
Unallocated items (1)	(6,128		)	(1,875		)
Total	$	126,346		$	110,785

(1) For purposes of evaluating segment performance, management excludes certain items from its measures of gross profit. 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
	December 27, 2014		December 28, 2013
	(In thousands)
Net sales
United States	$	240,287	$	269,921
Mexico	531,454		333,275
China	412,807		371,054
Other international	486,614		473,248
Total	$	1,671,162	$	1,447,498

Percentage of net sales represented by ten largest customers	50.0	%	49.2	%
Number of customers representing 10% or more of net sales	—		1