Concentration of Credit Risk and Significant Customers and Suppliers
|12 Months Ended|
Sep. 25, 2021
|Risks and Uncertainties [Abstract]|
|Concentration of Credit Risk and Significant Customers and Suppliers||Concentration of Credit Risk and Significant Customers and SuppliersCustomer Concentration – Approximately 51% of the Company’s net sales for fiscal 2021, 52% for fiscal 2020 and 49% for fiscal 2019 were derived from sales to the Company’s top five customers. The Company’s largest customer accounted for approximately 16% of the Company’s net sales in fiscal 2021 and approximately 17% in 2020 and 16% in 2019. The Company’s second largest customer in 2021 accounted for approximately 15% of the Company’s net sales in fiscal 2021, 13% of the Company's net sales in fiscal 2020 and 12% in fiscal 2019. The Company’s third largest customer in 2021 accounted for approximately 9% of the Company’s net sales in fiscal 2021, approximately 10% in fiscal 2020 and approximately 9% in fiscal 2019, respectively. The loss of, or significant adverse change in, the relationship between the Company and any of these three customers could have a material adverse effect on the Company’s business and financial results. The loss of or reduction in orders from any significant customer, losses arising from customer disputes regarding shipments, fees, merchandise condition or related matters, or the Company’s inability to collect accounts receivable from any major customer could also have a material adverse impact on the Company’s business and financial results. As of September 25, 2021 and September 26, 2020, accounts receivable from the Company’s top five customers comprised approximately 50% and 53%, respectively, of the Company’s total accounts receivable, including 17% and 13% from the Company’s largest customer. Supplier Concentration – While the Company purchases products from many different manufacturers and suppliers, approximately 8%, 7% and 6% of the Company’s cost of goods sold in fiscal years 2021, 2020 and 2019, respectively, were derived from products purchased from the Company’s five largest suppliers.|
Concentration of Credit Risk and Significant Customers and Suppliers.
No definition available.