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SEGMENT INFORMATION AND ENTERPRISE-WIDE DISCLOSURES
12 Months Ended
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)
20252024
Geographic net sales:
Domestic (U.S.)$368,558 $439,334 
Foreign99,313 127,608 
Total$467,871 $566,942 
Long-lived assets:
United States$20,519 $24,497 
Mexico13,368 15,531 
Vietnam4,845 3,780 
China342 414 
Total$39,074 $44,222 
Percentage of net sales made to customers located in the following countries:
Fiscal Year Ended
20252024
United States79%77%
China20%22%
Other foreign countries (a)
1%1%
Total100%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
 2025202420252024
Customer A25%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, 2025June 29, 2024
Materials$276,366 $354,080 
Labor costs111,682 125,856 
Other43,396 47,127 
Total Cost of sales$431,444 $527,063