Material Customers

12 Months Ended

Apr. 27, 2013

Risks and Uncertainties [Abstract]

Material Customers

Material Customers

Sales to two customers in the Automotive segment, either directly or through their tiered suppliers, represented a significant portion of our business.  Net sales to these two customers approximated 19.9% and 16.7% of consolidated net sales in fiscal 2013; two customers accounted for 18.7% and 18.5% of consolidated net sales, respectively in fiscal 2012 and two customers accounted for 17.9% and 17.6% of consolidated net sales in fiscal 2011.

At April 27, 2013 and April 28, 2012, accounts receivable from customers in the automotive industry were approximately $40,744 and $31,850, respectively, which included $16,090 and $8,260, respectively, at our Maltese subsidiary.  Accounts receivable are generally due within 30 to 60 days.  Credit losses relating to all customers generally have been within management’s expectation.