Note 11 Business Segment, Geographic and Customer Information

9 Months Ended

Jun. 27, 2020

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Business Segment, Geographic and Customer InformationASC 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				Nine Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
	(In thousands)
Gross sales:
IMS	$	1,348,308	$	1,720,028	$	4,192,567	$	5,306,329
CPS	336,581		362,078		1,000,335		1,212,866
Intersegment revenue	(30,198)		(55,111)		(107,490)		(177,543)
Net sales	$	1,654,691	$	2,026,995	$	5,085,412	$	6,341,652
Gross profit:
IMS	$	94,250	$	109,318	$	270,867	$	334,811
CPS	40,325		40,402		111,505		121,213
Total	134,575		149,720		382,372		456,024
Unallocated items (1)	(3,102)		(1,925)		(8,596)		(5,790)
Total	$	131,473	$	147,795	$	373,776	$	450,234

(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 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
	(In thousands)
Net sales:
Americas (1)	$	815,044	$	1,003,024	$	2,538,673	$	3,268,600
EMEA	207,060		273,735		724,815		777,989
APAC	632,587		750,236		1,821,924		2,295,063
Total	$	1,654,691	$	2,026,995	$	5,085,412	$	6,341,652

(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	57	%	55	%	55	%	54	%
Number of customers representing 10% or more of net sales	1		1		1		1