Segment information

6 Months Ended

Dec. 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 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 have been 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 second quarter and first half of fiscal 2013 were $114.1 million and $233.7 million, respectively. 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.

	Second Quarters Ended						Six Months Ended
	December 28, 2013			December 29, 2012			December 28, 2013			December 29, 2012
	(Thousands)
Sales:
Electronics Marketing	$	4,154,783		$	3,673,513		$	8,092,907		$	7,326,645
Technology Solutions	3,267,071			3,025,952			5,674,422			5,242,877
	$	7,421,854		$	6,699,465		$	13,767,329		$	12,569,522
Operating income:
Electronics Marketing	$	171,685		$	142,981		$	347,468		$	292,094
Technology Solutions	120,225			113,117			182,816			151,784
Corporate	(28,702		)	(27,609		)	(67,596		)	(70,920		)
	263,208			228,489			462,688			372,958
Restructuring, integration and other expenses     (Note 13)	(28,442		)	(24,906		)	(40,541		)	(62,314		)
Amortization of acquired intangible assets and other	(13,194		)	(8,010		)	(21,588		)	(15,098		)
	$	221,572		$	195,573		$	400,559		$	295,546
Sales, by geographic area:
Americas (1)	$	3,063,643		$	2,863,143		$	5,552,311		$	5,315,573
EMEA (2)	2,152,921			1,878,170			3,945,010			3,472,117
Asia/Pacific (3)	2,205,290			1,958,152			4,270,008			3,781,832
	$	7,421,854		$	6,699,465		$	13,767,329		$	12,569,522

_____________________

⁽¹⁾  Includes sales from the United States of $2.69 billion and $2.48 billion for the second quarter ended December 28, 2013 and December 29, 2012, respectively. Includes sales in the United States of $4.93 billion and $4.65 billion for the first half of fiscal 2014 and 2013, respectively.

⁽²⁾  Includes sales from Germany of $921.7 million for the second quarter ended December 28, 2013, and $1.64 billion for the first half of fiscal 2014. Includes sales from Germany and the United Kingdom of $733.4 million and $311.6 million, respectively, for the second quarter ended December 29, 2012, and $1.29 billion and $599.3 million, respectively, for the first half of fiscal 2013.

⁽³⁾  Includes sales from China (including Hong Kong) and Taiwan of $728.2 million and $767.3 million, respectively, for the second quarter ended December 28, 2013, and $1.46 billion and $1.40 billion, respectively, for the first half of fiscal 2014. Includes sales from China (including Hong Kong), Taiwan, and Singapore of $615.2 million, $627.2 million and $285.8 million, respectively, for the second quarter ended December 29, 2012, and $1.24 billion, $1.17 billion and $575.9 million, respectively, for the first half of fiscal 2013.

	December 28, 2013		June 29, 2013
	(Thousands)
Assets:
Electronics Marketing	$	6,577,673	$	6,316,326
Technology Solutions	4,815,939		3,838,421
Corporate	91,686		319,933
	$	11,485,298	$	10,474,680
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	284,785	$	282,986
EMEA (2)	197,631		177,908
Asia/Pacific	29,343		31,712
	$	511,759	$	492,606

_____________________

⁽¹⁾  Includes property, plant and equipment, net, of $276.3 million and $273.4 million as of December 28, 2013 and June 29, 2013, respectively, in the United States.

⁽²⁾  Includes property, plant and equipment, net, of $100.0 million and $54.9 million in Germany and Belgium, respectively, as of December 28, 2013 and $92.7 million and $45.1 million in Germany and Belgium, respectively, as of June 29, 2013.