Note 12 Business Segment, Geographic and Customer Information

6 Months Ended

Mar. 28, 2020

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: IMS and 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						Six Months Ended
	March 28, 2020			March 30, 2019			March 28, 2020			March 30, 2019
	(In thousands)
Gross sales:
IMS	$	1,300,324		$	1,793,119		$	2,844,259		$	3,586,301
CPS	327,323			394,985			663,754			850,788
Intersegment revenue	(37,097		)	(61,465		)	(77,292		)	(122,432		)
Net sales	$	1,590,550		$	2,126,639		$	3,430,721		$	4,314,657
Gross profit:
IMS	$	75,435		$	114,837		$	176,617		$	225,493
CPS	34,568			40,292			71,180			80,811
Total	110,003			155,129			247,797			306,304
Unallocated items (1)	(2,582		)	(2,027		)	(5,494		)	(3,865		)
Total	$	107,421		$	153,102		$	242,303		$	302,439

(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
	March 28, 2020		March 30, 2019		March 28, 2020		March 30, 2019
	(In thousands)
Net sales:
Americas (1)	$	817,061	$	1,101,698	$	1,723,629	$	2,265,576
EMEA	256,724		269,202		517,755		504,255
APAC	516,765		755,739		1,189,337		1,544,826
Total	$	1,590,550	$	2,126,639	$	3,430,721	$	4,314,657

(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	%	55	%	55	%	54	%
Number of customers representing 10% or more of net sales	1		1		1		1