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SEGMENT INFORMATION AND ENTERPRISE-WIDE DISCLOSURES | 12 Months Ended
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Jun. 28, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION AND ENTERPRISE-WIDE DISCLOSURES | SEGMENT INFORMATION AND ENTERPRISE-WIDE DISCLOSURES Operating segments are defined in ASC Topic 280, Segment Reporting 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 28, 2025, the Company operates and internally manages a single operating segment, Electronics Manufacturing Services, as this is the only discrete financial information that is regularly reviewed by the chief operating decision maker. This segment provides integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing for our customers. The chief operating decision maker assesses performance and determines resource allocation for the Company’s single reportable segment based on consolidated net income/loss and total assets/liabilities. The accounting policies of the single reportable segment are the same as those described in the summary of significant accounting policies. Significant segment measures include gross profit which is primarily composed of materials spend and labor costs, which are further presented below. Products and Services Of the revenues for the years ended June 28, 2025, and June 29, 2024 contract manufacturing sales and services were $467.9 million and $566.9 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 28, 2025 and June 29, 2024 are summarized in the following table. Net sales set forth below are based on the shipping destination. Long-lived assets information is based on the physical location of the asset and includes property, plant and equipment, net, and operating lease right-of-use assets, net.
| Fiscal Year Ended
| (in thousands)
| 2025 |  | 2024
Geographic net sales: |  |  |
Domestic (U.S.) | $ | 368,558 |  |  | $ | 439,334 |
Foreign | 99,313 |  |  | 127,608 |
Total | $ | 467,871 |  |  | $ | 566,942 |
Long-lived assets: |  |  |
United States | $ | 20,519 |  |  | $ | 24,497 |
Mexico | 13,368 |  |  | 15,531 |
Vietnam | 4,845 |  |  | 3,780 |
China | 342 |  |  | 414 |
Total | $ | 39,074 |  |  | $ | 44,222 |
Percentage of net sales made to customers located in the following countries:
| Fiscal Year Ended
| 2025 |  | 2024
United States | 79% |  | 77%
China | 20% |  | 22%
Other foreign countries (a) | 1% |  | 1%
Total | 100% |  | 100%
(a) No other individual foreign country accounted for 10% or more of the foreign sales in fiscal years 2025 and 2024 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 Receivables Fiscal Year
| 2025 |  | 2024 |  |  |  | 2025 |  | 2024 |
Customer A | 25% |  | 20% |  |  |  | 16% |  | 21% |
Significant Segment Measures In accordance with the adoption of ASU 2023-07 in 2025, the Company determined that significant segment measures included gross profit which is primarily composed of materials and labor costs as follows (in thousands):
| Twelve Months Ended
| June 28, 2025 |  | June 29, 2024
Materials | $ | 276,366 |  |  | $ | 354,080 |
Labor costs | 111,682 |  |  | 125,856 |
Other | 43,396 |  |  | 47,127 |
Total Cost of sales | $ | 431,444 |  |  | $ | 527,063 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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