Reportable Segments, Geographic Information And Major Customers

12 Months Ended

Sep. 27, 2014

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, interest income, other miscellaneous income (expense), 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 2014, 2013 and 2012 were as follows (in thousands):

	2014			2013			2012
Net sales:
AMER	$	1,238,225		$	1,062,758		$	1,255,851
APAC	1,132,503			1,146,299			1,110,365
EMEA	115,893			122,566			95,360
Elimination of inter-segment sales	(108,372		)	(103,592		)	(154,844		)
	$	2,378,249		$	2,228,031		$	2,306,732
Depreciation:
AMER	$	16,452		$	13,474		$	14,486
APAC	20,587			23,560			23,428
EMEA	7,509			4,644			3,438
Corporate	2,713			5,732			6,566
	$	47,261		$	47,410		$	47,918
Operating income (loss):
AMER	$	74,891		$	70,863		$	91,087
APAC	135,539			116,350			101,903
EMEA	(11,923		)	(3,096		)	(2,325		)
Corporate and other costs	(97,900		)	(87,494		)	(86,506		)
	$	100,607		$	96,623		$	104,159
Capital expenditures:
AMER	$	53,135		$	60,507		$	11,532
APAC	4,096			12,345			39,321
EMEA	6,351			30,836			9,863
Corporate	1,702			4,434			2,981
	$	65,284		$	108,122		$	63,697
	September 27, 2014			September 28, 2013
Total assets:
AMER	$	521,259		$	423,048
APAC	881,426			828,672
EMEA	135,841			111,977
Corporate	70,500			83,987
	$	1,609,026		$	1,447,684

The following enterprise-wide information is provided in accordance with the required segment disclosures for fiscal 2014, 2013 and 2012. Net sales to unaffiliated customers were based on the Company’s location providing product or services (in thousands):

	2014			2013			2012
Net sales:
United States	$	1,188,068		$	1,004,153		$	1,156,347
Malaysia	798,447			877,748			872,733
China	334,056			268,551			237,632
United Kingdom	72,443			81,657			60,313
Mexico	50,157			58,605			99,504
Romania	39,030			38,117			33,835
Germany	4,420			2,792			1,212
Elimination of inter-segment sales	(108,372		)	(103,592		)	(154,844		)
	$	2,378,249		$	2,228,031		$	2,306,732
	September 27, 2014			September 28, 2013
Long-lived assets:
United States	$	116,900		$	110,548
Malaysia	73,568			83,732
China	29,909			35,230
United Kingdom	14,211			14,645
Mexico	33,671			5,610
Romania	33,549			37,188
Germany	507			616
Other Foreign	5,280			5,463
Corporate	27,331			32,029
	$	334,926		$	325,061

As the Company operates flexible manufacturing facilities and processes designed to accommodate customers with multiple product lines and configurations, it is impracticable to report net sales for individual products or services or groups of similar products and services.

Long-lived assets as of September 27, 2014 and September 28, 2013 exclude other long-term assets and deferred income tax assets, which totaled $43.3 million and $43.6 million, respectively.

As a percentage of consolidated net sales, net sales attributable to customers representing 10.0 percent or more of consolidated net sales for fiscal 2014, 2013 and 2012 were as follows:

	2014	2013	2012
ARRIS Group, Inc. ("Arris")	12.5%	*	*
General Electric Company ("GE")	11.2%	*	*
Juniper Networks, Inc. (“Juniper”)	*	12.8%	16.0%
* Net sales attributable to the customer were less than 10.0 percent of consolidated net sales for the period.

During fiscal 2014, net sales attributable to Arris were reported in the AMER and APAC segments and net sales attributable to GE were reported in the AMER, APAC, and EMEA segments. Net sales attributable to Juniper, which has fully disengaged from Plexus, were reported in the AMER and APAC segments.

No customer represented 10.0 percent or more of total accounts receivable as of September 27, 2014 or September 28, 2013.