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MARKET SECTORS AND MAJOR CUSTOMERS
9 Months Ended
Jun. 30, 2017
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
 
Nine Months Ended
% of Sales by Sector
 
June 30,
2017
 
July 1,
2016
 
June 30,
2017
 
July 1,
2016
Aerospace & Defense
 
53%
 
43%
 
49%
 
39%
Medical
 
30%
 
39%
 
30%
 
44%
Industrial
 
15%
 
16%
 
18%
 
15%
Communications & Other
 
2%
 
2%
 
3%
 
2%
 
 
100%
 
100%
 
100%
 
100%

Two individual customers each represented 10% or more of sales for the nine months ended June 30, 2017. One customer was from the Medical sector and represented 15% of sales, while the other was from the Aerospace & Defense sector and represented 12% of sales for the nine months ended June 30, 2017. Two individual customers each represented 10% or more of sales for the nine months ended July 1, 2016.  Both customers were from the Medical sector, and represented 17% of sales each.

Three individual customers represented 10% or more of receivables and accounted for 39% of the outstanding balance at June 30, 2017. Four individual customers represented 10% or more of receivables and accounted for 44% of the outstanding balances at July 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.