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MARKET SECTORS AND MAJOR CUSTOMERS
6 Months Ended
Apr. 01, 2016
Risks and Uncertainties [Abstract]  
MARKET SECTORS AND MAJOR CUSTOMERS
 

A summary of sales, according to the market sector within which IEC's customers operate, follows: 
 
 
Three Months Ended
 
Six Months Ended
% of Sales by Sector
 
April 1,
2016
 
March 27,
2015
 
April 1,
2016
 
March 27,
2015
 
 
 
 
 
 
 
 
 
Aerospace & Defense
 
34%
 
38%
 
37%
 
39%
Medical
 
50%
 
31%
 
46%
 
31%
Industrial
 
14%
 
29%
 
15%
 
27%
Communications & Other
 
2%
 
2%
 
2%
 
3%
 
 
100%
 
100%
 
100%
 
100%

Two individual customers each represented 10% or more of sales for the six months ended April 1, 2016. Both customers were from the Medical sector, and represented 18% and 17% of sales. Four individual customers represented 10% or more of sales for the six months ended March 27, 2015One customer in the Industrial sector represented 18% of sales, while two customers in the Medical sector represented 15% and 10% of sales, and one customer in the Aerospace & Defense sector represented 11% of sales for the six months ended March 27, 2015.

Two individual customers represented 10% or more of receivables and accounted for 29% of outstanding balances at April 1, 2016. Two individual customers also represented 10% or more of receivables and accounted for 21% of the outstanding balances at March 27, 2015.

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.