Reportable Segments, Geographic Information And Major Customers

12 Months Ended

Sep. 29, 2012

Segment Reporting [Abstract]

Reportable Segments, Geographic Information And Major Customers

Reportable Segments, Geographic Information and Major Customers

Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources.

The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for segments are attributed to the region in which the product is manufactured or service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other costs, interest expense, other income (loss), and income taxes. Corporate and other costs primarily represent corporate selling and administrative expenses, and restructuring and impairment costs, if any. These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the regions are the same as for the Company taken as a whole.

Information about the Company’s three reportable segments for fiscal 2012, 2011 and 2010 were as follows (in thousands):

	2012			2011				2010
Net sales:
AMER	$	1,255,851		$	1,304,885			$	1,244,720
APAC	1,110,365			1,063,079				925,391
EMEA	95,360			92,269				72,627
Elimination of inter-segment sales	(154,844		)	(229,001		)		(229,345		)
	$	2,306,732		$	2,231,232			$	2,013,393
Depreciation:
AMER	$	14,486		$	15,045			$	13,658
APAC	23,428			20,723			*	18,404			*
EMEA	3,438			2,947				1,957
Corporate	6,566			7,919				6,001
	$	47,918		$	46,634			$	40,020
Operating income (loss):
AMER	$	91,087		$	68,725			$	74,409
APAC	101,903			118,063				114,760
EMEA	(2,325		)	(2,955		)		(1,806		)
Corporate and other costs	(86,506		)	(82,654		)		(87,711		)
	$	104,159		$	101,179			$	99,652
Capital expenditures:
AMER	$	11,532		$	12,578			$	16,483
APAC	39,321			44,890			*	28,308			*
EMEA	9,863			10,233				1,884
Corporate	2,981			3,118				18,398
	$	63,697		$	70,819			$	65,073
* See Note 16 - "Revision of Prior Period Financial Statements".
	September 29, 2012			October 1, 2011
Total assets:
AMER	$	400,643		$	451,044
APAC	771,781			631,054
EMEA	88,420			76,365
Corporate	147,355			146,062
	$	1,408,199		$	1,304,525

The following enterprise-wide information is provided in accordance with the required segment disclosures for fiscal 2012, 2011 and 2010. Net sales to unaffiliated customers were based on the Company’s location providing product or services (in thousands):

	2012			2011				2010
Net sales:
United States	$	1,156,347		$	1,192,389			$	1,150,207
Malaysia	872,733			836,808				788,189
China	237,632			226,271				137,202
United Kingdom	60,313			75,771				71,519
Mexico	99,504			112,496				94,513
Romania	33,835			16,498				1,108
Germany	1,212			—				—
Elimination of inter-segment sales	(154,844		)	(229,001		)		(229,345		)
	$	2,306,732		$	2,231,232			$	2,013,393
	September 29, 2012			October 1, 2011
Long-lived assets:
United States	$	61,269		$	55,580
Malaysia	95,907			92,590			*
China	36,737			26,534			*
United Kingdom	9,256			9,259
Mexico	7,368			9,762
Romania	13,586			7,101
Germany	623			643
Other Foreign	5,540			5,479
Corporate	34,905			40,868
	$	265,191		$	247,816
* See Note 16 - "Revision of Prior Period Financial Statements".

Due to the Company being a contract manufacturer which produces unique products and services related to each contract, it is impracticable to provide revenue by product/service information.

Long-lived assets as of September 29, 2012 and October 1, 2011 exclude other long-term assets and deferred income tax assets which totaled $46.5 million and $48.1 million, respectively.

The percentages of net sales to customers representing 10 percent or more of total net sales for fiscal 2012, 2011 and 2010 were as follows:

	2012	2011	2010
Juniper Networks, Inc. (“Juniper”)	16%	17%	16%

For our significant customers, we generally manufacture products in more than one location. For example, net sales to Juniper, our largest customer, occur in the AMER and APAC reportable segments. On November 5, 2012, Juniper notified us that they will disengage with Plexus. The specific timing of the transition of the Juniper business from Plexus is not known at this time, although it is currently expected to occur by the end of fiscal 2013.  The Company is currently evaluating the financial statement impact, if any, of the recent notification.

No customer represented 10 percent or more of total accounts receivable as of September 29, 2012; the percentage of accounts receivable from customers representing 10 percent or more of total accounts receivable as of October 1, 2011 were as follows:

	October 1, 2011
Juniper	23%

No other customers represented 10 percent or more of the Company’s total net sales or total accounts receivable balances as of September 29, 2012 and October 1, 2011.