Quarterly report pursuant to Section 13 or 15(d)

Sales to Major Customers

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Sales to Major Customers
9 Months Ended
Oct. 03, 2015
Risks and Uncertainties [Abstract]  
Sales to Major Customers
Sales to Major Customers
The Company has a significant concentration of business with three major customers, each in excess of 10% of consolidated sales. The loss of any of these customers would significantly, negatively impact our sales and earnings.
Sales to these three customers represented 21%, 16% and 13% of consolidated sales for the nine months ended October 3, 2015 and 19%, 25% and 12% for the three months ended October 3, 2015. Sales to these customers were in the Aerospace and Test Systems segments. Accounts receivable from these customers at October 3, 2015 was approximately $58.9 million.
The Company had sales to three customers in the Aerospace and Test Systems segments that represented 17%, 20% and 14% of consolidated sales for the nine months ended September 27, 2014 and 17%, 25% and 13% of consolidated sales for the three months ended September 27, 2014.