Segment information

3 Months Ended

Sep. 28, 2013

Segment Reporting [Abstract]

Segment information

Segment information

At the beginning of fiscal 2014, the Company began excluding amortization expense associated with acquired intangible assets from the operating income of the Electronics Marketing (“EM”) and Technology Solutions (“TS”) reportable operating segments (“operating groups”) in order to measure such operating results consistent with how many technology companies measure operating performance and given that such amortization expense is non-cash in nature. As a result of this change, the measure of profitability in the information used by our Chief Operating Decision Maker to allocate resources and evaluate profitability of such operating groups also changed. Prior period segment information has been recast to conform to the new measure of profitability used during the first quarter of fiscal 2014. The change in the measure of operating group profitability did not impact the determination of the Company’s operating groups or our previously reported consolidated financial results.

At the beginning of fiscal 2014, a portion of the Company's reverse logistics operations, which was previously included in the EM operating group, was combined within the TS operating group. The Company also combined its regional computing components operations within EM and TS into a single global organization within TS.  As a result of these changes, sales, operating income and assets previously reported in the EM operating group in fiscal 2013, will be included within the TS operating group in fiscal 2014. The Company does not view the amount of sales, operating income, or assets of such transferred operations to be a material change to the composition of its operating groups for financial reporting purposes. Sales related to such transferred operations reported in the EM operating group in the first quarter of fiscal 2013 were approximately $120,000,000. The transfer of such operations between operating groups did not impact the determination of the Company’s operating groups or our previously reported consolidated financial results.

	First Quarters Ended
	September 28, 2013			September 29, 2012
	(Thousands)
Sales:
Electronics Marketing	$	3,938,124		$	3,653,132
Technology Solutions	2,407,351			2,216,925
	$	6,345,475		$	5,870,057
Operating income:
Electronics Marketing	$	175,783		$	149,114
Technology Solutions	62,591			38,666
Corporate	(38,894		)	(43,311		)
	199,480			144,469
Restructuring, integration and other charges (Note 13)	(12,099		)	(37,408		)
Amortization of acquired intangible assets	(8,394		)	(7,088		)
	$	178,987		$	99,973
Sales, by geographic area:
Americas (1)	$	2,488,668		$	2,452,428
EMEA (2)	1,792,089			1,593,947
Asia/Pacific (3)	2,064,718			1,823,682
	$	6,345,475		$	5,870,057

_____________________

⁽¹⁾  Includes sales from the United States of $2.23 billion and $2.17 billion for the quarters ended September 28, 2013 and September 29, 2012, respectively.

⁽²⁾  Includes sales from Germany of $718.9 million for the quarter ended September 28, 2013, and sales from Germany and the United Kingdom of $554.0 million and $287.7 million, respectively, for the quarter ended September 29, 2012.

⁽³⁾  Includes sales from China (including Hong Kong) and Taiwan of $730.7 million and $635.9 million, respectively, for the quarter ended September 28, 2013, and sales from China (including Hong Kong), Taiwan, and Singapore of $625.4 million, $543.3 million and $290.0 million, respectively, for the quarter ended September 29, 2012.

	September 28, 2013		June 29, 2013
	(Thousands)
Assets:
Electronics Marketing	$	6,429,778	$	6,316,326
Technology Solutions	3,893,655		3,838,421
Corporate	234,831		319,933
	$	10,558,264	$	10,474,680
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	288,388	$	282,986
EMEA (2)	185,484		177,908
Asia/Pacific	31,357		31,712
	$	505,229	$	492,606

_____________________

⁽¹⁾  Includes property, plant and equipment, net, of $279.6 million and $273.4 million as of September 28, 2013 and June 29, 2013, respectively, in the United States.

⁽²⁾  Includes property, plant and equipment, net, of $93.0 million and $49.0 million in Germany and Belgium, respectively, as of September 28, 2013 and $92.7 million, $45.1 million and $13.1 million, in Germany, Belgium and the United Kingdom, respectively, as of June 29, 2013.