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Business Segment, Geographic and Customer Information | 6 Months Ended
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Apr. 01, 2023
Business Segment, Geographic and Customer Information |
Business Segment, Geographic and Customer Information | Note 11. 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 CPS. The Company’s CPS business consists of multiple operating segments which do not meet the quantitative threshold for being presented individually 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 measure of segment gross profit used by management to allocate resources and assess performance of operating segments: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | April 1, | ​ | April 2, | ​ | April 1, | ​ | April 2,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
​ | ​ | ​ | ​ | (Restated) | ​ | ​ | ​ | ​ | (Restated)
​ | ​ | (In thousands)
Gross sales: | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
IMS | ​ | $ | 1,929,945 | ​ | $ | 1,558,125 | ​ | $ | 3,867,613 | ​ | $ | 2,983,135
CPS | ​ |  | 431,077 | ​ |  | 393,407 | ​ |  | 889,170 | ​ |  | 759,685
Intersegment revenue | ​ |  | (40,919) | ​ |  | (36,462) | ​ |  | (80,872) | ​ |  | (71,424)
Net sales | ​ | $ | 2,320,103 | ​ | $ | 1,915,070 | ​ | $ | 4,675,911 | ​ | $ | 3,671,396
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gross profit: | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  | ​
IMS | ​ | $ | 144,459 | ​ | $ | 108,660 | ​ | $ | 277,796 | ​ | $ | 215,289
CPS | ​ |  | 51,004 | ​ |  | 41,046 | ​ |  | 117,528 | ​ |  | 80,592
Total | ​ |  | 195,463 | ​ |  | 149,706 | ​ |  | 395,324 | ​ |  | 295,881
Unallocated items (1) | ​ |  | (4,274) | ​ |  | (3,211) | ​ |  | (8,749) | ​ |  | (8,089)
Total | ​ | $ | 191,189 | ​ | $ | 146,495 | ​ | $ | 386,575 | ​ | $ | 287,792
| (1) | For purposes of evaluating segment performance, management excludes certain items from its measure of gross profit. These items consist of stock-based compensation expense, amortization of intangible assets and litigation settlements
Net sales by geographic segment, determined based on the country in which a product is manufactured, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | April 1, | ​ | April 2, | ​ | April 1, | ​ | April 2,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
​ | ​ | ​ | ​ | (Restated) | ​ | ​ | ​ | (Restated)
​ | ​ | (In thousands)
Net sales: | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Americas (1) | ​ | $ | 1,112,778 | ​ | $ | 902,111 | ​ | $ | 2,248,529 | ​ | $ | 1,698,132
APAC | ​ |  | 853,492 | ​ |  | 714,379 | ​ |  | 1,767,833 | ​ |  | 1,405,450
EMEA | ​ |  | 353,833 | ​ |  | 298,580 | ​ |  | 659,549 | ​ |  | 567,814
Total | ​ | $ | 2,320,103 | ​ | $ | 1,915,070 | ​ | $ | 4,675,911 | ​ | $ | 3,671,396
| (1) | Mexico represents approximately 70% and 60% of the Americas revenue and the U.S. represents approximately 30% and 40% of the Americas revenue for the six months ended April 1, 2023 and April 2, 2022, respectively.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Percentage of net sales represented by ten largest customers |  | 49 | % | 50 | % | 50 | % | 49 | %
Number of customers representing 10% or more of net sales |  | 1 |  | 2 |  | 1 |  | 2 |
​ ​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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