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Revenue From Contracts with Customers (Tables)
9 Months Ended
Jun. 29, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Impacts of Adoption of New Accounting Pronouncement As a result of the adoption of Topic 606, the following adjustments were made to the opening balances of the Company's Condensed Consolidated Balance Sheets (in thousands):
 
Balance at September 29, 2018
 
Impacts due to adoption of Topic 606
 
Balance at September 30, 2018
ASSETS
 
 
 
 
 
   Contract assets
$

 
$
76,417

 
$
76,417

   Inventories
794,346

 
(68,959
)
 
725,387

LIABILITIES AND SHAREHOLDERS' EQUITY
   Other accrued liabilities
$
68,163

 
$
(357
)
 
$
67,806

   Retained earnings
1,062,246

 
7,815

 
1,070,061


The effects of the adoption on the Company's Condensed Consolidated Financial Statements for the three and nine months ended June 29, 2019 were as follows (in thousands):
 
Three Months Ended
 
June 29, 2019
As Reported
 
Adjustments due to Topic 606
 
June 29, 2019
As Adjusted - Without Adoption of Topic 606
Net sales
$
799,644

 
$
17,728

 
$
781,916

Cost of sales
728,614

 
17,741

 
710,873

       Gross profit
71,030

 
(13
)
 
71,043

       Operating income
34,403

 
(13
)
 
34,416

       Income before income taxes
29,718

 
(13
)
 
29,731

Income tax expense
4,917

 
1

 
4,916

           Net income
$
24,801

 
$
(14
)
 
$
24,815

 
Nine Months Ended
 
June 29, 2019
As Reported
 
Adjustments due to Topic 606
 
June 29, 2019
As Adjusted - Without Adoption of Topic 606
Net sales
$
2,354,239

 
$
29,272

 
$
2,324,967

Cost of sales
2,140,190

 
27,576

 
2,112,614

       Gross profit
214,049

 
1,696

 
212,353

       Operating income
104,528

 
1,696

 
102,832

       Income before income taxes
92,529

 
1,696

 
90,833

Income tax expense
20,744

 
419

 
20,325

           Net income
$
71,785

 
$
1,277

 
$
70,508

 
June 29, 2019
As Reported
 
Adjustments due to Topic 606
 
June 29, 2019
As Adjusted - Without Adoption of Topic 606
ASSETS
 
 
 
 
 
   Contract assets
$
105,201

 
$
105,201

 
$

   Inventories
757,206

 
(96,534
)
 
853,740

LIABILITIES AND SHAREHOLDERS' EQUITY
   Other accrued liabilities
$
107,432

 
$
(425
)
 
$
107,857

   Retained earnings
1,141,846

 
9,092

 
1,132,754


Schedule of Disaggregation of Revenue
The tables below include the Company’s revenue for the three and nine months ended June 29, 2019, disaggregated by geographic reportable segment and market sector (in thousands):
 
 
Three Months Ended June 29, 2019
 
 
Reportable Segment:
 
 
AMER
 
APAC
 
EMEA
 
Total
Market Sector:
 
 
 
 
 
 
 
 
Healthcare/Life Sciences
 
$
127,644

 
$
149,312

 
$
31,801

 
$
308,757

Industrial/Commercial
 
91,347

 
133,374

 
23,174

 
247,895

Aerospace/Defense
 
80,351

 
47,496

 
23,580

 
151,427

Communications
 
64,799

 
26,279

 
487

 
91,565

     External revenue
 
$
364,141

 
$
356,461

 
$
79,042

 
$
799,644

Inter-segment sales
 
2,325

 
28,380

 
2,276

 
32,981

      Segment revenue
 
$
366,466

 
$
384,841

 
$
81,318

 
$
832,625


 
 
Nine Months Ended June 29, 2019
 
 
Reportable Segment:
 
 
AMER
 
APAC
 
EMEA
 
Total
Market Sector:
 
 
 
 
 
 
 
 
Healthcare/Life Sciences
 
$
368,843

 
$
443,073

 
$
97,055

 
$
908,971

Industrial/Commercial
 
269,273

 
381,453

 
66,547

 
717,273

Aerospace/Defense
 
218,578

 
137,342

 
58,482

 
414,402

Communications
 
222,944

 
87,238

 
3,411

 
313,593

     External revenue
 
$
1,079,638

 
$
1,049,106

 
$
225,495

 
$
2,354,239

Inter-segment sales
 
5,185

 
92,288

 
3,943

 
101,416

    Segment revenue
 
$
1,084,823

 
$
1,141,394

 
$
229,438

 
$
2,455,655


Schedule of Contract Assets The following table summarizes the activity in the Company's contract assets during the nine months ended June 29, 2019 (in thousands):
 
 
Contract Assets
Beginning balance, September 29, 2018
 
$

Cumulative effect adjustment at September 29, 2018
 
76,417

Revenue recognized
 
2,126,379

Amounts collected or invoiced
 
(2,097,595
)
Ending balance, June 29, 2019
 
$
105,201