XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.25.3

Reportable Segments, Geographic Information and Major Customers (Tables) | 12 Months Ended
--- | ---
Sep. 27, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segments Information | Information about the Company’s three reportable segments for fiscal 2025, 2024 and 2023 is as follows (in thousands):
| 2025
|  | AMER |  | APAC |  | EMEA |  | Eliminations |  | Total
Net sales |  | $ | 1,216,344 |  |  | $ | 2,392,897 |  |  | $ | 440,000 |  |  | $ | (16,275) |  |  | $ | 4,032,966 |
Cost of sales |  | 1,092,496 |  |  | 2,042,936 |  |  | 410,068 |  |  |  |  |
Selling and administrative expenses |  | 23,362 |  |  | 12,213 |  |  | 8,673 |  |  |  |  |
Segment income |  | $ | 100,486 |  |  | $ | 337,748 |  |  | $ | 21,259 |  |  |  |  | $ | 459,493 |
Restructuring and other charges |  |  |  |  |  |  |  |  |  | 4,683 |
Corporate and other costs |  |  |  |  |  |  |  |  |  | 252,439
Other income (expense): |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (11,605) |
Interest income |  |  |  |  |  |  |  |  |  | 3,922 |
Miscellaneous, net |  |  |  |  |  |  |  |  |  | (6,670) |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 188,018 |
| 2024
|  | AMER |  | APAC |  | EMEA |  | Eliminations |  | Total
Net sales |  | $ | 1,219,225 |  |  | $ | 2,213,253 |  |  | $ | 538,053 |  |  | $ | (9,704) |  |  | $ | 3,960,827 |
Cost of sales |  | 1,112,699 |  |  | 1,893,527 |  |  | 500,793 |  |  |  |  |
Selling and administrative expenses |  | 22,826 |  |  | 6,525 |  |  | 6,227 |  |  |  |  |
Segment income |  | $ | 83,700 |  |  | $ | 313,201 |  |  | $ | 31,033 |  |  |  |  | $ | 427,934 |
Restructuring and other charges |  |  |  |  |  |  |  |  |  | 20,257 |
Corporate and other costs |  |  |  |  |  |  |  |  |  | 239,945
Other income (expense): |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (28,876) |
Interest income |  |  |  |  |  |  |  |  |  | 3,860 |
Miscellaneous, net |  |  |  |  |  |  |  |  |  | (13,184) |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 129,532 |
| 2023
|  | AMER |  | APAC |  | EMEA |  | Eliminations |  | Total
Net sales |  | $ | 1,468,996 |  |  | $ | 2,361,777 |  |  | $ | 402,427 |  |  | $ | (22,895) |  |  | $ | 4,210,305 |
Cost of sales |  | 1,324,583 |  |  | 2,041,849 |  |  | 380,901 |  |  |  |  |
Selling and administrative expenses |  | 21,314 |  |  | 6,808 |  |  | 5,513 |  |  |  |  |
Segment income |  | $ | 123,099 |  |  | $ | 313,120 |  |  | $ | 16,013 |  |  |  |  | $ | 452,232 |
Restructuring and other charges |  |  |  |  |  |  |  |  |  | 23,094 |
Corporate and other costs |  |  |  |  |  |  |  |  |  | 233,318 |
Other income (expense): |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (31,542) |
Interest income |  |  |  |  |  |  |  |  |  | 3,138 |
Miscellaneous, net |  |  |  |  |  |  |  |  |  | (6,403) |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 161,013 |
|  | 2025 |  | 2024 |  | 2023
Capital expenditures: |  |  |  |  |  |
AMER |  | $ | 23,198 |  |  | $ | 18,392 |  |  | $ | 23,880 |
APAC |  | 60,246 |  |  | 29,664 |  |  | 45,923 |
EMEA |  | 2,200 |  |  | 38,820 |  |  | 23,120 |
Corporate |  | 9,620 |  |  | 8,306 |  |  | 11,126 |
|  | $ | 95,264 |  |  | $ | 95,182 |  |  | $ | 104,049 |
Depreciation: |  |  |  |  |  |
AMER |  | $ | 22,795 |  |  | $ | 23,544 |  |  | $ | 23,560 |
APAC |  | 32,962 |  |  | 32,270 |  |  | 29,218 |
EMEA |  | 11,172 |  |  | 11,005 |  |  | 6,281 |
Corporate |  | 9,875 |  |  | 9,843 |  |  | 9,513 |
|  | $ | 76,804 |  |  | $ | 76,662 |  |  | $ | 68,572 |
|  | September 27, 2025 |  | September 28, 2024
Total assets: |  |  |  |
AMER |  | $ | 1,007,340 |  |  | $ | 937,409 |
APAC |  | 1,526,827 |  |  | 1,608,377 |
EMEA |  | 411,240 |  |  | 443,514 |
Corporate and eliminations |  | 191,703 |  |  | 164,521 |
|  | $ | 3,137,110 |  |  | $ | 3,153,821 |
Schedule of Net Sales and Long-lived Assets | The following information is provided in accordance with the required segment disclosures for fiscal 2025, 2024 and 2023. Net sales were based on the Company’s location providing the product or service (in thousands):
|  | 2025 |  | 2024 |  | 2023
Net sales: |  |  |  |  |  |
United States |  | $ | 690,878 |  |  | $ | 718,569 |  |  | $ | 910,124 |
Malaysia |  | 1,872,494 |  |  | 1,761,772 |  |  | 1,891,081 |
Mexico |  | 525,756 |  |  | 500,655 |  |  | 558,872 |
Romania |  | 333,577 |  |  | 424,146 |  |  | 302,237 |
China |  | 413,624 |  |  | 384,223 |  |  | 455,898 |
Thailand |  | 106,779 |  |  | 67,257 |  |  | 14,798 |
United Kingdom |  | 106,121 |  |  | 111,152 |  |  | 93,679 |
Germany |  | 12 |  |  | 2,757 |  |  | 6,511 |
Elimination of inter-country sales |  | (16,275) |  |  | (9,704) |  |  | (22,895) |
|  | $ | 4,032,966 |  |  | $ | 3,960,827 |  |  | $ | 4,210,305 |
|  | September 27, 2025 |  | September 28, 2024
Long-lived assets: |  |  |  |
United States |  | $ | 103,997 |  |  | $ | 96,956 |
Malaysia |  | 228,925 |  |  | 173,139 |
Mexico |  | 67,776 |  |  | 74,158 |
Romania |  | 47,621 |  |  | 56,877 |
Thailand |  | 53,306 |  |  | 56,415 |
China |  | 33,534 |  |  | 40,254 |
Poland |  | 14,870 |  |  | 13,594 |
United Kingdom |  | 11,996 |  |  | 12,689 |
Corporate |  | 56,890 |  |  | 51,390 |
|  | $ | 618,915 |  |  | $ | 575,472 |

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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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