Reportable Segments

3 Months Ended

Dec. 30, 2023

Segment Reporting [Abstract]

Reportable Segments

Reportable Segments

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 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 the segments are attributed to the region in which the product is manufactured or the 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. A segment’s operating income includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring costs and other charges, 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 segments are the same as for the Company taken as a whole.

Information about the Company’s three reportable segments for the three months ended December 30, 2023 and December 31, 2022 is as follows (in thousands):

	Three Months Ended
	December 30, 2023		December 31, 2022
Net sales:
AMER	$	333,697	$	389,662
APAC	552,484		641,904
EMEA	121,938		89,373
Elimination of inter-segment sales	(25,512)		(27,014)
	$	982,607	$	1,093,925
Operating income (loss):
AMER	$	8,748	$	17,415
APAC	71,418		78,406
EMEA	(236)		(639)
Corporate and other costs	(34,772)		(37,841)
	45,158		57,341
Other income (expense):
Interest expense	(7,617)		(6,894)
Interest income	808		934
Miscellaneous, net	(3,502)		(1,944)
Income before income taxes	$	34,847	$	49,437

	December 30, 2023		September 30, 2023
Total assets:
AMER	$	1,089,798	$	1,124,555
APAC	1,665,865		1,696,795
EMEA	507,659		462,199
Corporate and eliminations	41,291		37,623
	$	3,304,613	$	3,321,172