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MARKET SECTORS AND MAJOR CUSTOMERS
9 Months Ended
Jun. 27, 2014
Risks and Uncertainties [Abstract]  
MARKET SECTORS AND MAJOR CUSTOMERS
MARKET SECTORS AND MAJOR CUSTOMERS
 
A summary of sales, according to the market sector within which IEC's customers operate, follows: 
 
 
Three Months Ended
 
Nine Months Ended
% of Sales by Sector
 
June 27,
2014
 
June 28,
2013
 
June 27,
2014
 
June 28,
2013
 
 
 
 
 
 
 
 
 
Aerospace & Defense (previously Military & Aerospace)
 
50%
 
47%
 
50%
 
51%
Medical
 
22%
 
21%
 
19%
 
19%
Industrial
 
22%
 
21%
 
25%
 
21%
Communications & Other
 
6%
 
11%
 
6%
 
9%

 
100%
 
100%
 
100%
 
100%


Two individual customers represented 10% or more of sales for the nine months ended June 27, 2014. One customer in the Industrial sector represented 15% of sales and one customer in the Medical sector represented 12% of sales. For the nine months ended June 28, 2013, one customer in the Industrial sector represented 16% of sales. Three individual customers represented 10% or more of receivables and accounted for 37% of outstanding balances at June 27, 2014. No individual customer represented 10% or more of receivables at June 28, 2013.
 
Credit risk associated with individual customers is periodically evaluated by analyzing the entity's financial condition and payment history.  Customers generally are not required to post collateral.