SEGMENT REPORTING (Tables)

3 Months Ended

Jun. 26, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information by operating segment

Selected financial information by segment is in the table below. Fiscal year 2020 historical information has been recast to reflect the new operating and reportable segments in Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations."

	Three-Month Periods Ended
	June 26, 2020		June 28, 2019
	(In thousands)
Net sales:
Flex Agility Solutions	$	2,912,030	$	3,908,176
Flex Reliability Solutions	2,241,303		2,267,763
	$	5,153,333	$	6,175,939
Segment income and reconciliation of income before tax:
Flex Agility Solutions	$	71,807	$	108,958
Flex Reliability Solutions	114,737		129,994
Corporate and Other	(23,672)		(31,092)
Total segment income	162,872		207,860
Reconciling items:
Intangible amortization	15,176		17,082
Stock-based compensation	12,769		15,227
Customer related asset impairments	(76)		483
Restructuring charges (Note 15)	9,682		56,192
Legal and other (1)	27,681		1,610
Interest and other, net	30,257		53,157
Income before income taxes	$	67,383	$	64,109

(1)Legal and other during the three-month period ended June 26, 2020 consists of costs not directly related to core business results and may include matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other issues on a global basis. During the first quarter of fiscal year 2021, the Company accrued for certain loss contingencies where losses are considered probable and estimable.