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MARKET SECTORS AND MAJOR CUSTOMERS
3 Months Ended
Dec. 28, 2012
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

NOTE 11. MARKET SECTORS AND MAJOR CUSTOMERS

 

A summary of sales, according to the market sector within which IEC's customers operate, follows:

 

 

 

Three Months Ended

 

 

 

December 28,

 

 

December 30,

 

% of Sales by Sector

 

2012

 

 

2011

 

 

 

 

 

 

 

 

Military & Aerospace

 

 

57

%

 

 

37

%

Medical

 

 

20

%

 

 

27

%

Industrial

 

 

16

%

 

 

22

%

Communications & Other

 

 

7

%

 

 

14

%

 

 

 

100

%

 

 

100

%

 

Two individual customers represented 10% or more of sales for the three months ended December 28, 2012.  For this period, one customer in the Industrial sector represented 13% of sales and one customer in the Medical sector represented 10% of sales. Two individual customers represented 10% or more of sales for the three months ended December 30, 2011. One customer in the Medical sector represented 25% of sales and one customer in the Industrial sector represented 18% of sales. There were no individual customers representing 10% or more of receivables at December 28, 2012. Two individual customers represented 10% or more of receivables and aggregated 31% of outstanding receivable balances at December 30, 2011.

 

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.