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MARKET SECTORS AND MAJOR CUSTOMERS
6 Months Ended
Mar. 29, 2013
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

NOTE 16. 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
    March 29,   March 30,   March 29,   March 30,
% of Sales by Sector   2013   2012   2013   2012
                 
Military & Aerospace   50%   43%   53%   39%
Medical   18%   20%   19%   23%
Industrial   24%   28%   20%   27%
Communications & Other   8%   9%   8%   11%
    100%   100%   100%   100%

 

Two individual customers represented 10% or more of sales for the six months ended March 29, 2013.  For this period, one customer in the Industrial sector represented 15.5% of sales and one customer in the Medical sector represented 10.0% of sales. Two individual customers represented 10% or more of sales for the six months ended March 30, 2012. One customer in the Medical sector represented 20.0% of sales and one customer in the Industrial sector represented 18.9% of sales. One customer represented 10% or more of receivables at 12.9% as of March 29, 2013. Two individual customers represented 10% or more of receivables, aggregated to 22.9% of outstanding receivable balances at March 30, 2012.

 

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.