BUSINESS SEGMENT

9 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Business Segment

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 individually meet the quantitative thresholds 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 Company’s chief operating decision maker is the Chief Executive Officer who allocates resources and assesses performance of operating segments based on a measure of revenue and gross profit that excludes items not directly related to the Company’s ongoing business operations. These items are typically either non-recurring or non-cash in nature. Intersegment revenue consists primarily of sales of components from CPS to 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 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
	(In thousands)
Gross sales:
IMS	$	1,648,404	$	1,477,499	$	4,875,352	$	4,444,209
CPS	422,388		388,220		1,249,141		1,180,558
Intersegment revenue	(29,230)		(24,289)		(92,503)		(73,944)
Net sales	$	2,041,562	$	1,841,430	$	6,031,990	$	5,550,823
Gross profit:
IMS	$	123,802	$	112,364	$	375,774	$	338,114
CPS	62,204		44,686		171,649		146,951
Total	186,006		157,050		547,423		485,065
Unallocated corporate items (1)	(4,956)		(3,511)		(22,223)		(15,929)
Total	$	181,050	$	153,539	$	525,200	$	469,136

(1)    For purposes of evaluating segment performance, management excludes certain items from its measures of gross profit. These items consist of stock-based compensation expense, litigation settlements and charges resulting from distressed customers.