Quarterly report pursuant to Section 13 or 15(d)

Sales to Major Customers

v3.7.0.1
Sales to Major Customers
6 Months Ended
Jul. 01, 2017
Risks and Uncertainties [Abstract]  
Sales to Major Customers
Sales to Major Customers
The Company has a significant concentration of business with two major customers, each in excess of 10% of consolidated sales. The loss of either of these customers would significantly, negatively impact our sales and earnings.
Sales to these two customers represented 20% and 18% of consolidated sales for the six months ended and 16% and 18% for the three months ended July 1, 2017. Sales to these customers were in the Aerospace segment. Accounts receivable from these customers at July 1, 2017 was approximately $32.1 million. Sales to these two customers represented 22% and 15% of consolidated sales for the six months ended and 21% and 16% for the three months ended July 2, 2016.