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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 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
    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.