Information About Major Customers

12 Months Ended

Jun. 30, 2017

Information About Major Customers [Abstract]

Information About Major Customers

3.Information About Major Customers

Our sales efforts for in-line and near-line products are led by account teams that focus on automotive OEMs. These products are typically purchased for installation in connection with retooling programs undertaken by these companies.  Because sales are dependent on the timing of customers’ retooling programs, sales by customer vary significantly from year to year, as do our largest customers.

For the fiscal years 2017, 2016 and 2015, approximately 36%,  34% and 40%, respectively, of our “Net Sales” on our consolidated statements of operations were derived from sales directly to our four largest automotive end-user customers.  We also sell to manufacturing line builders, system integrators or assembly equipment manufacturers, who in turn sell to our automotive customers.  For the fiscal years 2017, 2016 and 2015, approximately 11%,  8% and 10%, respectively, of net sales were to manufacturing line builders, system integrators and original equipment manufacturers for the benefit of the same four largest automotive end user customers in each respective year.  During the fiscal years ended June 30, 2017, 2016 and 2015, direct sales to Volkswagen Group accounted for approximately 16%,  17% and 20%, respectively of our total net sales and General Motors Company accounted for approximately 14%,  12% and 12%, respectively of our total net sales.