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Reportable Segments, Geographic Information and Major Customers
 12 Months Ended
Oct. 02, 2021
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 $3.3 million, $6.0 million and $1.7 million of restructuring and impairment costs in fiscal 2021, 2020 and 2019, respectively. 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 2021, 2020 and 2019 is as follows (in thousands):
 202120202019
Net sales:
AMER$1,317,404 $1,327,849 $1,429,308 
APAC1,850,603 1,824,831 1,557,205 
EMEA312,669 349,102 309,933 
Elimination of inter-segment sales(111,811)(111,388)(132,012)
$3,368,865 $3,390,394 $3,164,434 
   
Operating income (loss):
AMER$62,338 $38,126 $57,780 
APAC238,800 246,636 208,178 
EMEA(895)1,492 4,475 
Corporate and other costs(123,975)(132,882)(128,378)
$176,268 $153,372 $142,055 
Other income (expense):
Interest expense$(14,253)$(16,162)$(12,853)
Interest income1,372 1,878 1,949 
Miscellaneous, net(2,976)(3,691)(5,196)
Income before income taxes$160,411 $135,397 $125,955 
  
202120202019
Depreciation:
AMER$24,325 $24,217 $22,531 
APAC19,924 17,912 16,905 
EMEA7,189 6,938 6,105 
Corporate8,390 6,437 5,344 
$59,828 $55,504 $50,885 
Capital expenditures:
   AMER$16,114 $13,361 $42,459 
   APAC31,774 18,902 33,454 
EMEA2,504 8,577 5,186 
Corporate6,707 9,248 9,501 
$57,099 $50,088 $90,600 
   
 October 2,
2021		October 3,
2020		 
Total assets:
AMER$789,385 $759,030 
APAC1,283,124 1,073,951 
EMEA275,122 279,757 
Corporate and eliminations114,262 177,110 
$2,461,893 $2,289,848 
  
The following information is provided in accordance with the required segment disclosures for fiscal 2021, 2020 and 2019. Net sales were based on the Company’s location providing the product or service (in thousands):
202120202019
Net sales:
United States$914,360 $989,888 $1,197,665 
Malaysia1,495,049 1,432,154 1,138,380 
China355,554 392,677 418,825 
Mexico403,044 337,961 231,643 
Romania202,649 217,295 195,837 
United Kingdom99,365 118,463 99,825 
Germany10,655 13,344 14,271 
Elimination of inter-country sales(111,811)(111,388)(132,012)
$3,368,865 $3,390,394 $3,164,434 
   
October 2,
2021		October 3,
2020		 
Long-lived assets:
United States$106,577 $113,961 
Malaysia139,614 135,132 
Mexico75,774 77,460 
Romania29,474 33,801 
Thailand19,394 5,413 
China35,969 29,701 
United Kingdom9,073 9,112 
Other Foreign3,840 4,798 
Corporate47,466 44,162 
$467,181 $453,540 
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 2, 2021 and October 3, 2020 exclude other long-term assets, deferred income tax assets and intangible assets, which totaled $63.8 million and $57.1 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 2021, 2020 and 2019 were as follows:
 202120202019
General Electric Company ("GE")11.2%11.7%12.4%
During fiscal 2021, 2020 and 2019, net sales attributable to GE were reported in all three reportable segments.
GE represented 12.1% and 15.7% of total accounts receivable as of October 2, 2021 and October 3, 2020, respectively.