XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

REVENUE RECOGNITION (Tables) | 6 Months Ended
--- | ---
Mar. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Change in Accounting Estimate |
| Three Months Ended |  | Six Months Ended
| March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
Revenue | (In thousands)
Favorable | $ | 4,843 |  |  | $ | 1,551 |  |  | $ | 10,710 |  |  | $ | 3,835 |
Unfavorable | (2,357) |  |  | (5,179) |  |  | (6,727) |  |  | (9,509) |
Net | $ | 2,486 |  |  | $ | (3,628) |  |  | $ | 3,983 |  |  | $ | (5,674) |
| Three Months Ended |  | Six Months Ended
| March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
Operating income | (In thousands)
Favorable | $ | 8,088 |  |  | $ | 1,561 |  |  | $ | 15,701 |  |  | $ | 4,375 |
Unfavorable | (3,603) |  |  | (13,181) |  |  | (10,372) |  |  | (20,034) |
Net | $ | 4,485 |  |  | $ | (11,620) |  |  | $ | 5,329 |  |  | $ | (15,659) |
Disaggregation of Revenue [Table Text Block] |
| Three Months Ended |  | Six Months Ended
| March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
| (In thousands)
Segments: |  |  |  |  |  |  |
Integrated Manufacturing Solutions (“IMS”) | $ | 1,451,640 |  |  | $ | 1,919,158 |  |  | $ | 2,949,750 |  |  | $ | 3,846,270 |
CPS | 382,955 |  |  | 400,945 |  |  | 759,643 |  |  | 829,641 |
Total | $ | 1,834,595 |  |  | $ | 2,320,103 |  |  | $ | 3,709,393 |  |  | $ | 4,675,911 |
End Markets: |  |  |  |  |  |  |
Industrial, Medical, Defense and Aerospace, and Automotive | $ | 1,225,326 |  |  | $ | 1,361,843 |  |  | $ | 2,481,719 |  |  | $ | 2,701,871 |
Communications Networks and Cloud Infrastructure | 609,269 |  |  | 958,260 |  |  | 1,227,674 |  |  | 1,974,040 |
Total | $ | 1,834,595 |  |  | $ | 2,320,103 |  |  | $ | 3,709,393 |  |  | $ | 4,675,911 |
Geography: |  |  |  |  |  |  |
Americas (1) | $ | 959,276 |  |  | $ | 1,112,778 |  |  | $ | 1,919,662 |  |  | $ | 2,248,529 |
APAC | 592,781 |  |  | 853,492 |  |  | 1,204,837 |  |  | 1,767,833 |
EMEA | 282,538 |  |  | 353,833 |  |  | 584,894 |  |  | 659,549 |
Total | $ | 1,834,595 |  |  | $ | 2,320,103 |  |  | $ | 3,709,393 |  |  | $ | 4,675,911 |
(1) Mexico represents approximately 65% and 70% of the Americas net sales and the U.S. represents approximately 35% and 30% of the Americas net sales for the three months ended March 30, 2024 and April 1, 2023, respectively. Mexico represents approximately 60% and 70% of the Americas net sales and the U.S. represents approximately 35% and 30% of the Americas net sales for the six months ended March 30, 2024 and April 1, 2023, respectively.
Schedule of Revenue by Major Customers by Reporting Segments |
| Three Months Ended |  | Six Months Ended
| March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
Nokia: |  |  |  |  |  |  |
IMS | — | % |  | 14.8 | % |  | — | % |  | 15.3 | %
CPS | — | % |  | 0.6 | % |  | — | % |  | 0.6 | %
Total | — | % |  | 15.4 | % |  | — | % |  | 15.9 | %
Motorola: |  |  |  |  |  |  |
IMS | 9.9 | % |  | — | % |  | 10.1 | % |  | — | %
CPS | 0.2 | % |  | — | % |  | 0.2 | % |  | — | %
Total | 10.1 | % |  | — | % |  | 10.3 | % |  | — | %

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in an accounting estimate, including a change that occurs in an interim period. If a change in accounting estimate affects several future periods (for example, a change in the service life of a depreciable asset) disclose the effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period. Disclosure of the effects of a change in an accounting estimate that occurs in the ordinary course of business (such as uncollectible accounts or inventory obsolescence) is not required, unless the effect is material. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482989/270-10-45-14 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4 + Details
Name: | us-gaap_ScheduleOfChangeInAccountingEstimateTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration