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v3.23.1

Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Apr. 01, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The table below includes the Company’s revenue for the three and six months ended April 1, 2023 and April 2, 2022 indicated disaggregated by geographic reportable segment and market sector (in thousands):
|  | Three Months Ended
|  | April 1, 2023
|  | Reportable Segment:
|  | AMER |  | APAC |  | EMEA |  | Total
Market Sector: |  |  |  |  |  |  |  |
Industrial |  | $ | 98,686 |  |  | $ | 312,840 |  |  | $ | 27,755 |  |  | $ | 439,281 |
Healthcare/Life Sciences |  | 228,245 |  |  | 206,442 |  |  | 52,683 |  |  | 487,370 |
Aerospace/Defense |  | 76,731 |  |  | 47,445 |  |  | 19,996 |  |  | 144,172 |
External revenue |  | 403,662 |  |  | 566,727 |  |  | 100,434 |  |  | 1,070,823 |
Inter-segment sales |  | 4,144 |  |  | 20,543 |  |  | 1,360 |  |  | 26,047 |
Segment revenue |  | $ | 407,806 |  |  | $ | 587,270 |  |  | $ | 101,794 |  |  | $ | 1,096,870 |
|  | Three Months Ended
|  | April 2, 2022
|  | Reportable Segment:
|  | AMER |  | APAC |  | EMEA |  | Total
Market Sector: |  |  |  |  |  |  |  |
Industrial |  | $ | 98,267 |  |  | $ | 302,326 |  |  | $ | 14,061 |  |  | $ | 414,654 |
Healthcare/Life Sciences |  | 143,855 |  |  | 165,099 |  |  | 44,294 |  |  | 353,248 |
Aerospace/Defense |  | 67,213 |  |  | 38,923 |  |  | 14,685 |  |  | 120,821 |
External revenue |  | 309,335 |  |  | 506,348 |  |  | 73,040 |  |  | 888,723 |
Inter-segment sales |  | 1,870 |  |  | 27,537 |  |  | 662 |  |  | 30,069 |
Segment revenue |  | $ | 311,205 |  |  | $ | 533,885 |  |  | $ | 73,702 |  |  | $ | 918,792 |
|  | Six Months Ended
|  | April 1, 2023
|  | Reportable Segment:
|  | AMER |  | APAC |  | EMEA |  | Total
Market Sector: |  |  |  |  |  |  |  |
Industrial |  | $ | 201,713 |  |  | $ | 663,424 |  |  | $ | 46,226 |  |  | $ | 911,363 |
Healthcare/Life Sciences |  | 443,626 |  |  | 429,732 |  |  | 101,879 |  |  | 975,237 |
Aerospace/Defense |  | 144,753 |  |  | 93,099 |  |  | 40,296 |  |  | 278,148 |
External revenue |  | 790,092 |  |  | 1,186,255 |  |  | 188,401 |  |  | 2,164,748 |
Inter-segment sales |  | 7,376 |  |  | 42,919 |  |  | 2,766 |  |  | 53,061 |
Segment revenue |  | $ | 797,468 |  |  | $ | 1,229,174 |  |  | $ | 191,167 |  |  | $ | 2,217,809 |
|  | Six Months Ended
|  | April 2, 2022
|  | Reportable Segment:
|  | AMER |  | APAC |  | EMEA |  | Total
Market Sector: |  |  |  |  |  |  |  |
Industrial |  | $ | 181,512 |  |  | $ | 567,601 |  |  | $ | 29,368 |  |  | $ | 778,481 |
Healthcare/Life Sciences |  | 279,817 |  |  | 334,336 |  |  | 83,560 |  |  | 697,713 |
Aerospace/Defense |  | 122,963 |  |  | 74,666 |  |  | 32,356 |  |  | 229,985 |
External revenue |  | 584,292 |  |  | 976,603 |  |  | 145,284 |  |  | 1,706,179 |
Inter-segment sales |  | 4,259 |  |  | 48,954 |  |  | 1,281 |  |  | 54,494 |
Segment revenue |  | $ | 588,551 |  |  | $ | 1,025,557 |  |  | $ | 146,565 |  |  | $ | 1,760,673 |
Schedule of Contract Assets | The following table summarizes the activity in the Company's contract assets during the six months ended April 1, 2023 and April 2, 2022 (in thousands):
|  | Six Months Ended
|  | April 1, 2023 |  | April 2, 2022
Contract assets, beginning of period |  | $ | 138,540 |  |  | $ | 115,283 |
Revenue recognized during the period |  | 1,743,054 |  |  | 1,460,802 |
Amounts collected or invoiced during the period |  | (1,748,565) |  |  | (1,459,998) |
Contract assets, end of period |  | $ | 133,029 |  |  | $ | 116,087 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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