Note 9 Business Segment, Geographic and Customer Information

6 Months Ended

Mar. 28, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Business Segment, Geographic and Customer Information

ASC Topic 280, Segment Reporting, establishes standards for reporting information about operating segments, products and services, geographic areas of operations and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker or decision making group in deciding how to allocate resources and in assessing performance.

The Company's operations are managed as two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The Company's CPS business consists of multiple operating segments which do not meet the quantitative threshold for being presented as reportable segments. Therefore, financial information for these operating segments is presented in a single category entitled "CPS" and the Company has only one reportable segment - IMS.

The following table presents revenue and a non-GAAP measure of segment gross profit used by management to allocate resources and assess performance of operating segments:

	Three Months Ended						Six Months Ended
	March 28, 2015			March 29, 2014			March 28, 2015			March 29, 2014
	(In thousands)
Gross sales:
IMS	$	1,228,682		$	1,146,609		$	2,605,516		$	2,296,319
CPS	340,948			386,251			693,285			735,474
Intersegment revenue	(42,100		)	(56,148		)	(100,109		)	(107,583		)
Net sales	$	1,527,530		$	1,476,712		$	3,198,692		$	2,924,210
Gross profit:
IMS	$	81,836		$	79,598		$	182,743		$	160,621
CPS	35,378			41,344			66,945			72,981
Total	117,214			120,942			249,688			233,602
Unallocated items (1)	(1,951		)	(1,975		)	(8,079		)	(3,850		)
Total	$	115,263		$	118,967		$	241,609		$	229,752

(1) For purposes of evaluating segment performance, management excludes certain items from its measures of gross profit. These items include stock-based compensation expense, amortization of intangible assets, charges or credits resulting from distressed customers and similar items that either occur infrequently or are of a non-operational nature.

Net sales by geographic segment, determined based on the country in which a product is manufactured, was as follows:

	Three Months Ended				Six Months Ended
	March 28, 2015		March 29, 2014		March 28, 2015		March 29, 2014
	(In thousands)
Net sales
United States	$	240,264	$	278,676	$	480,551	$	548,597
Mexico	482,477		364,353		1,013,931		697,628
China	362,794		368,496		775,601		739,550
Other international	441,995		465,187		928,609		938,435
Total	$	1,527,530	$	1,476,712	$	3,198,692	$	2,924,210

Percentage of net sales represented by ten largest customers	49.6	%	49.1	%	49.7	%	49.1	%
Number of customers representing 10% or more of net sales	—		1		—		1