Note 11 Business Segment, Geographic and Customer Information

9 Months Ended

Jun. 29, 2019

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 measure of segment gross profit used by management to allocate resources and assess performance of operating segments:

	Three Months Ended						Nine Months Ended
	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
	(In thousands)
Gross sales:
IMS	$	1,720,028		$	1,490,069		$	5,306,329		$	4,293,497
CPS	362,078			374,642			1,212,866			1,077,103
Intersegment revenue	(55,111		)	(51,345		)	(177,543		)	(136,805		)
Net sales	$	2,026,995		$	1,813,366		$	6,341,652		$	5,233,795
Gross profit:
IMS	$	109,318		$	85,381		$	334,811		$	253,914
CPS	40,402			31,300			121,213			92,538
Total	149,720			116,681			456,024			346,452
Unallocated items (1)	(1,925		)	1,855			(5,790		)	(3,752		)
Total	$	147,795		$	118,536		$	450,234		$	342,700

(1) For purposes of evaluating segment performance, management excludes certain items from its measure of gross profit. These items consist of stock-based compensation expense, amortization of intangible assets and charges or credits resulting from distressed customers.

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

follows:

	Three Months Ended				Nine Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
	(In thousands)
Net sales:
Americas (1)	$	1,003,024	$	917,866	$	3,268,600	$	2,644,373
EMEA	273,735		222,942		777,989		630,771
APAC	750,236		672,558		2,295,063		1,958,651
Total	$	2,026,995	$	1,813,366	$	6,341,652	$	5,233,795

(1) Mexico represents approximately 60% of the Americas revenue and the U.S. represents approximately 35%.

Percentage of net sales represented by ten largest customers	55	%	52	%	54	%	53	%
Number of customers representing 10% or more of net sales	1		1		1		1