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Revenue from Contracts with Customers (Tables)

9 Months Ended

Jul. 01, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The table below includes disaggregated revenue by geographic reportable segment and market sector for the three and nine months ended July 1, 2023 and July 2, 2022 (in thousands):

						Three Months Ended
						July 1, 2023
						Reportable Segment:
						AMER						APAC						EMEA						Total
Market Sector:
Industrial						$	97,527					$	300,258					$	29,928					$	427,713
Healthcare/Life Sciences						205,496						193,740						51,764						451,000
Aerospace/Defense						63,409						57,785						21,703						142,897
External revenue						366,432						551,783						103,395						1,021,610
Inter-segment sales						4,926						20,367						990						26,283
Segment revenue						$	371,358					$	572,150					$	104,385					$	1,047,893

						Three Months Ended
						July 2, 2022
						Reportable Segment:
						AMER						APAC						EMEA						Total
Market Sector:
Industrial						$	108,064					$	328,314					$	17,999					$	454,377
Healthcare/Life Sciences						171,697						184,202						44,900						400,799
Aerospace/Defense						59,972						45,980						20,213						126,165
External revenue						339,733						558,496						83,112						981,341
Inter-segment sales						2,839						27,809						1,065						31,713
Segment revenue						$	342,572					$	586,305					$	84,177					$	1,013,054

						Nine Months Ended
						July 1, 2023
						Reportable Segment:
						AMER						APAC						EMEA						Total
Market Sector:
Industrial						$	299,240					$	963,682					$	76,154					$	1,339,076
Healthcare/Life Sciences						649,122						623,472						153,643						1,426,237
Aerospace/Defense						208,162						150,884						61,999						421,045
External revenue						1,156,524						1,738,038						291,796						3,186,358
Inter-segment sales						12,302						63,286						3,756						79,344
Segment revenue						$	1,168,826					$	1,801,324					$	295,552					$	3,265,702

						Nine Months Ended
						July 2, 2022
						Reportable Segment:
						AMER						APAC						EMEA						Total
Market Sector:
Industrial						$	289,576					$	895,915					$	47,367					$	1,232,858
Healthcare/Life Sciences						451,514						518,538						128,460						1,098,512
Aerospace/Defense						182,935						120,646						52,569						356,150
External revenue						924,025						1,535,099						228,396						2,687,520
Inter-segment sales						7,098						76,763						2,346						86,207
Segment revenue						$	931,123					$	1,611,862					$	230,742					$	2,773,727

Schedule of Contract Assets

The following table summarizes the activity in the Company's contract assets during the nine months ended July 1, 2023 and July 2, 2022 (in thousands):

						Nine Months Ended
						July 1, 2023						July 2, 2022
Contract assets, beginning of period						$	138,540					$	115,283
Revenue recognized during the period						2,589,181						2,279,559
Amounts collected or invoiced during the period						(2,594,726)						(2,266,792)
Contract assets, end of period						$	132,995					$	128,050

X

- 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

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X

- 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

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- References

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