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Reportable Segments, Geographic Information and Major Customers
 12 Months Ended
Oct. 03, 2020
Segment Reporting [Abstract]  
Reportable Segments, Geographic Information and Major Customers Reportable Segments, Geographic Information and Major CustomersReportable 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
$6.0 million and $1.7 million of restructuring and impairment costs in fiscal 2020 and 2019, respectively, and the $13.5 million one-time employee bonus paid to full-time, non-executive employees during fiscal 2018 due to the Company's ability to access overseas cash as a result of U.S. Tax Reform. 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 2020, 2019 and 2018 is as follows (in thousands):
 202020192018
Net sales:
AMER$1,327,849 $1,429,308 $1,218,944 
APAC1,824,831 1,557,205 1,498,010 
EMEA349,102 309,933 281,489 
Elimination of inter-segment sales(111,388)(132,012)(124,935)
$3,390,394 $3,164,434 $2,873,508 
   
Operating income (loss):
AMER$38,126 $57,780 $38,637 
APAC246,636 208,178 213,935 
EMEA1,492 4,475 1,447 
Corporate and other costs(132,882)(128,378)(135,736)
$153,372 $142,055 $118,283 
Other income (expense):
Interest expense$(16,162)$(12,853)$(12,226)
Interest income1,878 1,949 4,696 
Miscellaneous, net(3,691)(5,196)(3,143)
Income before income taxes$135,397 $125,955 $107,610 
  
202020192018
Depreciation:
AMER$24,217 $22,531 $21,224 
APAC17,912 16,905 15,954 
EMEA6,938 6,105 6,054 
Corporate6,437 5,344 4,863 
$55,504 $50,885 $48,095 
Capital expenditures:
   AMER$13,361 $42,459 $17,690 
   APAC18,902 33,454 33,018 
EMEA8,577 5,186 7,923 
Corporate9,248 9,501 4,149 
$50,088 $90,600 $62,780 
   
 October 3,
2020		September 28,
2019		 
Total assets:
AMER$759,030 $751,990 
APAC1,073,951 958,744 
EMEA279,757 209,541 
Corporate and eliminations177,110 80,608 
$2,289,848 $2,000,883 
  
The following information is provided in accordance with the required segment disclosures for fiscal 2020, 2019 and 2018. Net sales were based on the Company’s location providing the product or service (in thousands):
202020192018
Net sales:
United States$989,888 $1,197,665 $1,000,680 
Malaysia1,432,154 1,138,380 1,118,032 
China392,677 418,825 379,977 
Mexico337,961 231,643 218,264 
Romania217,295 195,837 177,111 
United Kingdom118,463 99,825 91,426 
Germany13,344 14,271 12,953 
Elimination of inter-country sales(111,388)(132,012)(124,935)
$3,390,394 $3,164,434 $2,873,508 
   
October 3,
2020		September 28,
2019		 
Long-lived assets:
United States$99,853 $106,757 
Malaysia108,400 101,636 
Mexico68,154 73,864 
Romania33,801 31,033 
China21,408 22,378 
United Kingdom7,484 7,344 
Other Foreign6,446 6,751 
Corporate38,115 34,461 
$383,661 $384,224 
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 October 3, 2020 and September 28, 2019 exclude other long-term assets, operating lease right-of-use assets, deferred income tax assets and intangible assets, which totaled $127.0 million and $78.4 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 2020, 2019 and 2018 were as follows:
 202020192018
General Electric Company ("GE")11.7%12.4%12.3%
During fiscal 2020, 2019 and 2018, net sales attributable to GE were reported in all three reportable segments.
As of October 3, 2020, GE represented 15.7% of total accounts receivable. As of September 28, 2019, GE represented 10.1% of total accounts receivable.