Note 9 Business Segment, Geographic and Customer Information

9 Months Ended

Jun. 27, 2015

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						Nine Months Ended
	June 27, 2015			June 28, 2014			June 27, 2015			June 28, 2014
	(In thousands)
Gross sales:
IMS	$	1,245,748		$	1,275,159		$	3,851,264		$	3,571,478
CPS	339,150			390,986			1,032,435			1,126,460
Intersegment revenue	(45,627		)	(61,418		)	(145,736		)	(169,001		)
Net sales	$	1,539,271		$	1,604,727		$	4,737,963		$	4,528,937
Gross profit:
IMS	$	90,764		$	85,688		$	273,507		$	246,309
CPS	32,670			43,171			99,615			116,152
Total	123,434			128,859			373,122			362,461
Unallocated items (1)	(2,872		)	(1,946		)	(10,951		)	(5,796		)
Total	$	120,562		$	126,913		$	362,171		$	356,665

(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				Nine Months Ended
	June 27, 2015		June 28, 2014		June 27, 2015		June 28, 2014
	(In thousands)
Net sales
United States	$	252,441	$	246,900	$	732,992	$	795,497
Mexico	467,133		467,324		1,481,064		1,164,952
China	361,004		405,606		1,136,605		1,145,156
Other international	458,693		484,897		1,387,302		1,423,332
Total	$	1,539,271	$	1,604,727	$	4,737,963	$	4,528,937

Percentage of net sales represented by ten largest customers	47.7	%	51.2	%	49.0	%	49.8	%
Number of customers representing 10% or more of net sales	—		—		—		1