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ENTERPRISE-WIDE DISCLOSURES
12 Months Ended
Jun. 30, 2012
ENTERPRISE-WIDE DISCLOSURES

11. ENTERPRISE-WIDE DISCLOSURES

Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its Chief Executive Officer. As of June 30, 2012, the Company operates and internally manages a single operating segment, Electronics Manufacturing Services.

Products and Services

Of the revenues for the years ended June 30, 2012, July 2, 2011, and July 3, 2010, EMS sales and services were $343.7 million, $249.9 million, and $195.1 million, respectively. Keyboard sales for the years ended June 30, 2012, July 2, 2011, and July 3, 2010 were $2.8 million, $3.9 million, and $4.5 million, respectively.

Geographic Areas

Net sales and long-lived assets (property, plant, and equipment) by geographic area for the years ended and as of June 30, 2012, July 2, 2011, and July 3, 2010 are summarized in the following table. Net sales set forth below are based on the shipping destination.

 

     Domestic (U.S.)      Foreign      Total  
            (in thousands)         

2012

        

Net sales

   $ 205,668       $ 140,807       $ 346,475   

Long-lived assets

   $ 1,660       $ 15,646       $ 17,306   

2011

        

Net sales

   $ 172,778       $ 81,068       $ 253,846   

Long-lived assets

   $ 1,588       $ 13,329       $ 14,917   

2010

        

Net sales

   $ 163,915       $ 35,705       $ 199,620   

Long-lived assets

   $ 931       $ 12,967       $ 13,898   

For the year ended June 30, 2012, 70.9% of the Company’s foreign net sales were to customers in Canada, 12.5% were to Australia, 5.4% were to Switzerland, 3.9% were to England, 1.5% were to New Zealand, and the remaining 5.8% were spread among customers in other parts of Europe and Asia.

For the year ended July 2, 2011, 50.7% of the Company’s foreign net sales were to customers in Canada, 24.4% were to Australia, 6.9% were to Switzerland, 6.1% were to England, 5.1% were to New Zealand, and the remaining 6.8% were spread among customers in other parts of Europe and Asia.

For the year ended July 3, 2010, 48.8% of the Company’s foreign net sales were to customers in Canada, 16.9% were to Australia, 13.9% were to China, and the remaining 20.4% were spread among customers in other parts of Europe and Asia.

Significant Customers

The percentage of net sales to and trade accounts receivables from significant customers were as follows:

 

     Percentage of Net
Sales Fiscal Year
    Percentage of
Trade Accounts Receivable
Fiscal Year
 
     2012     2011     2010     2012     2011  

Customer A

     29 %     15 %     *     30 %     21 %

Customer B

     17 %     16 %     12        16     14

Customer C

     16     16     18        20     20

Customer D

     *        *        10     *        *   

 

* Amount was less than 10% of total.

There can be no assurance that the Company’s principal customers will continue to purchase products from the Company at current levels. Moreover, the Company typically does not enter into long-term volume purchase contracts with its customers, and the Company’s customers have certain rights to extend or delay the shipment of their orders. The loss of one or more of the Company’s major customers, or the reduction, delay or cancellation of orders from such customers, could materially and adversely affect the Company’s business, operating results and financial condition.