Sales to Major Customers
|6 Months Ended|
Jul. 03, 2021
|Risks and Uncertainties [Abstract]|
|Sales to Major Customers||Sales to Major CustomersThe loss of major customers or a significant reduction in business with a major customer would significantly, negatively impact our sales and earnings. In the three and six months ended July 3, 2021, the Company had no customer in excess of 10% of consolidated sales. Sales to one customer in the Aerospace segment represented 11% and 14% of consolidated sales for the three and six months ended June 27, 2020.|
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef