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