MARKET SECTORS AND MAJOR CUSTOMERS

6 Months Ended

Mar. 31, 2017

NOTE 12—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	March 31, 2017	April 1, 2016	March 31, 2017	April 1, 2016

Aerospace & Defense	44%	34%	47%	37%
Medical	32%	50%	30%	46%
Industrial	21%	14%	20%	15%
Communications & Other	3%	2%	3%	2%
	100%	100%	100%	100%

Two individual customers each represented 10% or more of sales for the six months ended March 31, 2017. One customer was from the Aerospace & Defense sector and represented 13% of sales, while the other was from the Medical sector and also represented 13% of sales for the six months ended March 31, 2017. 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, with one representing 18% of sales, while the other customer represented 17% of sales, for the six months ended April 1, 2016.

Three individual customers represented 10% or more of receivables and accounted for 40% the outstanding balance at March 31, 2017. Two individual customers represented 10% or more of receivables and accounted for 29% of the outstanding balances at April 1, 2016.

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.