XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Reportable Segments, Geographic Information and Major Customers (Tables) | 12 Months Ended
--- | ---
Oct. 01, 2022
Segment Reporting [Abstract] |
Schedule of Reportable Segments Information | Information about the Company’s three reportable segments for fiscal 2022, 2021 and 2020 is as follows (in thousands):
|  | 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |  |
AMER |  | $ | 1,310,687 |  |  | $ | 1,317,404 |  |  | $ | 1,327,849 |
APAC |  | 2,300,640 |  |  | 1,850,603 |  |  | 1,824,831 |
EMEA |  | 316,315 |  |  | 312,669 |  |  | 349,102 |
Elimination of inter-segment sales |  | (116,274) |  |  | (111,811) |  |  | (111,388) |
|  | $ | 3,811,368 |  |  | $ | 3,368,865 |  |  | $ | 3,390,394 |
Operating income (loss): |  |  |  |  |  |
AMER |  | $ | 44,741 |  |  | $ | 62,338 |  |  | $ | 38,126 |
APAC |  | 267,253 |  |  | 238,800 |  |  | 246,636 |
EMEA |  | 8,018 |  |  | (895) |  |  | 1,492 |
Corporate and other costs |  | (141,827) |  |  | (123,975) |  |  | (132,882) |
|  | $ | 178,185 |  |  | $ | 176,268 |  |  | $ | 153,372 |
Other income (expense): |  |  |  |  |  |
Interest expense |  | $ | (15,858) |  |  | $ | (14,253) |  |  | $ | (16,162) |
Interest income |  | 1,305 |  |  | 1,372 |  |  | 1,878 |
Miscellaneous, net |  | (5,329) |  |  | (2,976) |  |  | (3,691) |
Income before income taxes |  | $ | 158,303 |  |  | $ | 160,411 |  |  | $ | 135,397 |
|  | 2022 |  | 2021 |  | 2020
Depreciation: |  |  |  |  |  |
AMER |  | $ | 23,482 |  |  | $ | 24,325 |  |  | $ | 24,217 |
APAC |  | 23,547 |  |  | 19,924 |  |  | 17,912 |
EMEA |  | 5,861 |  |  | 7,189 |  |  | 6,938 |
Corporate |  | 8,613 |  |  | 8,390 |  |  | 6,437 |
|  | $ | 61,503 |  |  | $ | 59,828 |  |  | $ | 55,504 |
Capital expenditures: |  |  |  |  |  |
AMER |  | $ | 20,024 |  |  | $ | 16,114 |  |  | $ | 13,361 |
APAC |  | 73,758 |  |  | 31,774 |  |  | 18,902 |
EMEA |  | 2,617 |  |  | 2,504 |  |  | 8,577 |
Corporate |  | 5,213 |  |  | 6,707 |  |  | 9,248 |
|  | $ | 101,612 |  |  | $ | 57,099 |  |  | $ | 50,088 |
|  | October 1, 2022 |  | October 2, 2021 |  |
Total assets: |  |  |  |  |  |
AMER |  | $ | 1,150,605 |  |  | $ | 789,385 |  |  |
APAC |  | 1,807,542 |  |  | 1,283,124 |  |  |
EMEA |  | 302,901 |  |  | 275,122 |  |  |
Corporate and eliminations |  | 132,177 |  |  | 114,262 |  |  |
|  | $ | 3,393,225 |  |  | $ | 2,461,893 |  |  |
Schedule of Net Sales and Long-lived Assets | The following information is provided in accordance with the required segment disclosures for fiscal 2022, 2021 and 2020. Net sales were based on the Company’s location providing the product or service (in thousands):
|  | 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |  |
United States |  | $ | 869,144 |  |  | $ | 914,360 |  |  | $ | 989,888 |
Malaysia |  | 1,846,086 |  |  | 1,495,049 |  |  | 1,432,154 |
China |  | 453,591 |  |  | 355,554 |  |  | 392,677 |
Mexico |  | 441,543 |  |  | 403,044 |  |  | 337,961 |
Romania |  | 217,052 |  |  | 202,649 |  |  | 217,295 |
United Kingdom |  | 91,137 |  |  | 99,365 |  |  | 118,463 |
Germany |  | 8,126 |  |  | 10,655 |  |  | 13,344 |
Thailand |  | 963 |  |  | — |  |  | — |
Elimination of inter-country sales |  | (116,274) |  |  | (111,811) |  |  | (111,388) |
|  | $ | 3,811,368 |  |  | $ | 3,368,865 |  |  | $ | 3,390,394 |
|  | October 1, 2022 |  | October 2, 2021 |  |
Long-lived assets: |  |  |  |  |
United States |  | $ | 105,272 |  |  | $ | 106,577 |  |
Malaysia |  | 152,317 |  |  | 139,614 |  |
Mexico |  | 77,947 |  |  | 75,774 |  |
Thailand |  | 56,115 |  |  | 19,394 |  |
China |  | 37,608 |  |  | 35,969 |  |
Romania |  | 23,894 |  |  | 29,474 |  |
United Kingdom |  | 6,842 |  |  | 9,073 |  |
Other Foreign |  | 2,899 |  |  | 3,840 |  |
Corporate |  | 46,945 |  |  | 47,466 |  |
|  | $ | 509,839 |  |  | $ | 467,181 |  |
Concentration of Risk | As a percentage of consolidated net sales, net sales attributable to customers representing 10.0% or more of consolidated net sales for fiscal 2022, 2021 and 2020 were as follows:
|  | 2022 |  | 2021 |  | 2020
General Electric Company ("GE") |  | 12.9% |  | 11.2% |  | 11.7%

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

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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