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Reportable Segments, Geographic Information and Major Customers | 12 Months Ended
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Sep. 29, 2018
Segment Reporting [Abstract] |
Reportable Segments, Geographic Information and Major Customers | Reportable Segments, Geographic Information and Major Customers Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources. The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for the segments are attributed to the region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring costs and other charges, if any, such as the $13.5 million one-time employee bonus paid to full-time, non-executive employees during fiscal 2018 due to our ability to access overseas cash as a result of Tax Reform (the "one-time employee bonus"). Losses incurred from a typhoon that impacted the APAC segment in fiscal 2016 are excluded from the segment results and included within corporate and other expenses. These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the segments are the same as for the Company taken as a whole. Information about the Company’s three reportable segments for fiscal 2018, 2017 and 2016 is as follows (in thousands):
|  | 2018 |  | 2017 |  | 2016
Net sales: |  |  |  |  |  |
AMER |  | $ | 1,218,944 |  |  | $ | 1,166,346 |  |  | $ | 1,328,760 |
APAC |  | 1,498,010 |  |  | 1,279,261 |  |  | 1,161,851 |
EMEA |  | 281,489 |  |  | 192,829 |  |  | 170,450 |
Elimination of inter-segment sales |  | (124,935 | ) |  | (110,384 | ) |  | (105,057 | )
|  | $ | 2,873,508 |  |  | $ | 2,528,052 |  |  | $ | 2,556,004 |
Operating income (loss): |  |  |  |  |  |
AMER |  | $ | 38,637 |  |  | $ | 41,924 |  |  | $ | 64,921 |
APAC |  | 213,935 |  |  | 200,103 |  |  | 155,501 |
EMEA |  | 1,447 |  |  | (6,197 | ) |  | (3,746 | )
Corporate and other costs |  | (135,736 | ) |  | (105,922 | ) |  | (117,237 | )
|  | $ | 118,283 |  |  | $ | 129,908 |  |  | $ | 99,439 |
Other income (expense): |  |  |  |  |  |
Interest expense |  | $ | (12,226 | ) |  | $ | (13,578 | ) |  | $ | (14,635 | )
Interest income |  | 4,696 |  |  | 5,042 |  |  | 4,242 |
Miscellaneous |  | (3,143 | ) |  | 451 |  |  | (1,652 | )
Income before income taxes |  | $ | 107,610 |  |  | $ | 121,823 |  |  | $ | 87,394 |
|  | 2018 |  | 2017 |  | 2016
Depreciation: |  |  |  |  |  |
AMER |  | $ | 21,224 |  |  | $ | 19,694 |  |  | $ | 19,937 |
APAC |  | 15,954 |  |  | 15,588 |  |  | 16,874 |
EMEA |  | 6,054 |  |  | 5,467 |  |  | 6,106 |
Corporate |  | 4,863 |  |  | 4,581 |  |  | 4,497 |
|  | $ | 48,095 |  |  | $ | 45,330 |  |  | $ | 47,414 |
Capital expenditures: |  |  |  |  |  |
AMER |  | $ | 17,690 |  |  | $ | 18,111 |  |  | $ | 14,389 |
APAC |  | 33,018 |  |  | 13,816 |  |  | 10,786 |
EMEA |  | 7,923 |  |  | 5,748 |  |  | 3,399 |
Corporate |  | 4,149 |  |  | 863 |  |  | 2,549 |
|  | $ | 62,780 |  |  | $ | 38,538 |  |  | $ | 31,123 |
|  | September 29, 2018 |  | September 30, 2017 |  |
Total assets: |  |  |  |  |  |
AMER |  | $ | 645,791 |  |  | $ | 595,851 |  |  |
APAC |  | 937,510 |  |  | 1,163,111 |  |  |
EMEA |  | 193,797 |  |  | 172,830 |  |  |
Corporate and eliminations |  | 155,544 |  |  | 44,390 |  |  |
|  | $ | 1,932,642 |  |  | $ | 1,976,182 |  |  |
The following information is provided in accordance with the required segment disclosures for fiscal 2018, 2017 and 2016. Net sales were based on the Company’s location providing the product or service (in thousands):
|  | 2018 |  | 2017 |  | 2016
Net sales: |  |  |  |  |  |
United States |  | $ | 1,000,680 |  |  | $ | 984,773 |  |  | $ | 1,134,342 |
Malaysia |  | 1,118,032 |  |  | 940,045 |  |  | 844,501 |
China |  | 379,977 |  |  | 339,216 |  |  | 317,350 |
Mexico |  | 218,264 |  |  | 181,573 |  |  | 194,418 |
Romania |  | 177,111 |  |  | 114,363 |  |  | 83,712 |
United Kingdom |  | 91,426 |  |  | 70,163 |  |  | 81,894 |
Germany |  | 12,953 |  |  | 8,303 |  |  | 4,844 |
Elimination of inter-country sales |  | (124,935 | ) |  | (110,384 | ) |  | (105,057 | )
|  | $ | 2,873,508 |  |  | $ | 2,528,052 |  |  | $ | 2,556,004 |
|  | September 29, 2018 |  | September 30, 2017 |  |
Long-lived assets: |  |  |  |  |
United States |  | $ | 108,694 |  |  | $ | 110,828 |  |
Malaysia |  | 89,938 |  |  | 74,769 |  |
Mexico |  | 43,078 |  |  | 37,237 |  |
Romania |  | 34,316 |  |  | 33,717 |  |
China |  | 21,878 |  |  | 18,602 |  |
United Kingdom |  | 6,171 |  |  | 6,456 |  |
Other Foreign |  | 5,646 |  |  | 5,429 |  |
Corporate |  | 31,585 |  |  | 27,627 |  |
|  | $ | 341,306 |  |  | $ | 314,665 |  |
As the Company operates flexible manufacturing facilities and processes designed to accommodate customers with multiple product lines and configurations, it is impracticable to report net sales for individual products or services or groups of similar products and services. Long-lived assets as of September 29, 2018 and September 30, 2017 exclude other long-term assets, deferred income tax assets and intangible assets, which totaled $74.2 million and $44.1 million, respectively. As a percentage of consolidated net sales, net sales attributable to customers representing 10.0% or more of consolidated net sales for fiscal 2018, 2017 and 2016 were as follows:
|  | 2018 |  | 2017 |  | 2016
General Electric Company ("GE") |  | 12.3% |  | 12.2% |  | 11.1%
Micron Technology, Inc. ("Micron") |  | * |  | * |  | 10.4%
ARRIS Group, Inc. ("Arris") |  | * |  | * |  | 10.1%
* Net sales attributable to the customer were less than 10.0% of consolidated net sales for the period.
During fiscal 2018, 2017 and 2016, net sales attributable to GE were reported in all three reportable segments. During fiscal 2016, sales attributable to Arris and Micron were reported in the AMER and APAC segments. As of September 29, 2018, GE represented 10.9% of total accounts receivable. As of September 30, 2017, Arris represented 11.6% of total accounts receivable.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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