Note 9 Business Segment, Geographic and Customer Information

3 Months Ended

Jan. 02, 2016

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
	January 2, 2016			December 27, 2014
	(In thousands)
Gross sales:
IMS	$	1,239,268		$	1,376,834
CPS	345,648			352,337
Intersegment revenue	(50,202		)	(58,009		)
Net sales	$	1,534,714		$	1,671,162
Gross profit:
IMS	$	95,609		$	100,907
CPS	30,102			31,567
Total	125,711			132,474
Unallocated items (1)	(2,073		)	(6,128		)
Total	$	123,638		$	126,346

(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
	January 2, 2016		December 27, 2014
	(In thousands)
Net sales
United States	$	254,379	$	240,287
Mexico	484,970		531,454
China	367,259		412,807
Other international	428,106		486,614
Total	$	1,534,714	$	1,671,162

Percentage of net sales represented by ten largest customers	48.2	%	50.0	%
Number of customers representing 10% or more of net sales	—		—