XML 41 R23.htm IDEA: XBRL DOCUMENT v3.24.2
REVENUE RECOGNITION (Tables)
9 Months Ended
Jun. 29, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Change in Accounting Estimate
Three Months EndedNine Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Revenue(In thousands)
Favorable
$5,270 $2,115 $15,980 $5,950 
Unfavorable
(3,795)(10,341)(10,522)(19,850)
Net
$1,475 $(8,226)$5,458 $(13,900)

Three Months EndedNine Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Operating income(In thousands)
Favorable
$7,547 $2,704 $23,248 $7,079 
Unfavorable
(6,385)(21,028)(16,757)(41,062)
Net
$1,162 $(18,324)$6,491 $(33,983)
Disaggregation of Revenue [Table Text Block]
Three Months EndedNine Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
(In thousands)
Segments:
Integrated Manufacturing Solutions (“IMS”)$1,468,259 $1,811,530 $4,418,009 $5,657,800 
CPS373,171 395,588 1,132,814 1,225,229 
Total$1,841,430 $2,207,118 $5,550,823 $6,883,029 
End Markets:
Industrial, Medical, Defense and Aerospace, and Automotive$1,181,489 $1,344,068 $3,663,208 $4,045,939 
Communications Networks and Cloud Infrastructure659,941 863,050 1,887,615 2,837,090 
Total$1,841,430 $2,207,118 $5,550,823 $6,883,029 
Geography:
Americas (1)$966,321 $1,131,925 $2,885,983 $3,380,454 
APAC (2)638,991 743,372 1,843,828 2,511,205 
EMEA236,118 331,821 821,012 991,370 
Total$1,841,430 $2,207,118 $5,550,823 $6,883,029 
(1)    Mexico represents approximately 60% and 65% of Americas net sales for the three months ended June 29, 2024 and July 1, 2023, respectively, and the U.S. represents approximately 35% of Americas net sales both the three months ended June 29, 2024 and July 1, 2023. Mexico represents approximately 60% and 70% of Americas net sales and the U.S. represents approximately 35% and 30% of Americas net sales for the nine months ended June 29, 2024 and July 1, 2023, respectively.
(2)    Malaysia represents approximately 30% of APAC net sales for both the three and nine months ended June 29, 2024 and approximately 25% of APAC net sales for both the three and nine months ended July 1, 2023.
Schedule of Revenue by Major Customers by Reporting Segments
Three Months EndedNine Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Nokia:
IMS*10.7 %*13.9 %
CPS*0.6 %*0.6 %
Total*11.3 %*14.5 %
Motorola:
IMS9.8 %*10.0 %*
CPS0.2 %*0.2 %*
Total10.0 %*10.2 %*
* Less than 10% of the Company’s net sales.