Segment information

9 Months Ended

Mar. 29, 2014

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, 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 the 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 third quarter and first nine months of fiscal 2013 were $110.9 million and $344.6 million, respectively. The transfer of such operations between operating groups did not impact the determination of the Company’s operating groups or the previously reported consolidated financial results.

	Third Quarters Ended						Nine Months Ended
	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	(Thousands)
Sales:
Electronics Marketing	$	4,133,004		$	3,797,206		$	12,225,911		$	11,123,851
Technology Solutions	2,550,612			2,501,493			8,225,034			7,744,370
	$	6,683,616		$	6,298,699		$	20,450,945		$	18,868,221
Operating income (expense):
Electronics Marketing	$	193,437		$	165,023		$	540,905		$	457,117
Technology Solutions	60,887			68,616			243,703			220,400
Corporate	(30,530		)	(29,942		)	(98,126		)	(100,862		)
	223,794			203,697			686,482			576,655
Restructuring, integration and other expenses     (Note 13)	(26,083		)	(27,341		)	(66,624		)	(89,655		)
Amortization of acquired intangible assets and other	(12,868		)	(8,746		)	(34,456		)	(23,844		)
	$	184,843		$	167,610		$	585,402		$	463,156
Sales, by geographic area:
Americas (1)	$	2,567,139		$	2,620,295		$	8,119,450		$	7,935,867
EMEA (2)	2,160,383			1,883,007			6,105,393			5,355,124
Asia/Pacific (3)	1,956,094			1,795,397			6,226,102			5,577,230
	$	6,683,616		$	6,298,699		$	20,450,945		$	18,868,221

_____________________

⁽¹⁾  Includes sales from the United States of $2.30 billion and $2.30 billion for the third quarters ended March 29, 2014, and March 30, 2013, respectively. Includes sales from the United States of $7.20 billion and $6.90 billion for the first nine months of fiscal 2014 and 2013, respectively.

⁽²⁾  Includes sales from Germany of $861.4 million for the third quarter ended March 29, 2014, and $2.50 billion for the first nine months of fiscal 2014. Includes sales from Germany and the United Kingdom of $736.4 million and $317.3 million, respectively, for the third quarter ended March 30, 2013, and $2.02 billion and $903.7 million, respectively, for the first nine months of fiscal 2013.

⁽³⁾  Includes sales from China (including Hong Kong) and Taiwan of $700.3 million and $605.7 million, respectively, for the third quarter ended March 29, 2014, and sales of $2.20 billion and $2.00 billion for the first nine months of fiscal 2014, respectively. Includes sales from China (including Hong Kong), Taiwan, and Singapore of $561.6 million, $563.2 million and $282.7 million, respectively, for the third quarter ended March 30, 2013, and $1.80 billion, $1.73 billion and $858.6 million, respectively, for the first nine months of fiscal 2013.

	March 29, 2014		June 29, 2013
	(Thousands)
Assets:
Electronics Marketing	$	6,596,057	$	6,316,326
Technology Solutions	4,108,383		3,838,421
Corporate	196,340		319,933
	$	10,900,780	$	10,474,680
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	289,306	$	282,986
EMEA (2)	203,125		177,908
Asia/Pacific	29,890		31,712
	$	522,321	$	492,606

_____________________

⁽¹⁾  Includes property, plant and equipment, net, of $281.0 million and $273.4 million as of March 29, 2014 and June 29, 2013, respectively, in the United States.

⁽²⁾  Includes property, plant and equipment, net, of $98.7 million and $62.8 million in Germany and Belgium, respectively, as of March 29, 2014 and $92.7 million and $45.1 million in Germany and Belgium, respectively, as of June 29, 2013.