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Valuation And Qualifying Acccounts
 12 Months Ended
Jul. 02, 2016
Valuation and Qualifying Accounts  
Valuation and Qualifying Accounts

SCHEDULE II

AVNET, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended July 2, 2016, June 27, 2015 and June 28, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

Charged to

 

Charged to

 

 

 

 

Balance at

 

 

 

Beginning of

 

Expense

 

Other

 

 

 

 

End of

 

Account Description

 

Period

 

(Income)

 

Accounts

 

Deductions

 

Period

 

 

 

(Thousands)

 

Fiscal 2016

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Allowance for doubtful accounts

 

$
80,721

 

$
12,639

 

$

 —

 

$
(26,556)

(a)  

$
66,804

 

Valuation allowance on tax loss carry-forwards

 

 
111,381

 

 
(12,203)

(b)  

 
2,030

(c)  

 

 —

 

 
101,208

 

Fiscal 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

 
96,382

 

 
20,084

 

 

 —

 

 
(35,745)

(a)  

 
80,721

 

Valuation allowance on tax loss carry-forwards

 

 
182,123

 

 
(37,564)

(d)  

 
(33,178)

(e)  

 

 —

 

 
111,381

 

Fiscal 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

 
95,656

 

 
17,943

 

 

 —

 

 
(17,217)

(a)  

 
96,382

 

Valuation allowance on tax loss carry-forwards

 

 
230,821

 

 
(52,719)

(f)  

 
4,021

(g)  

 

 —

 

 
182,123

 

(a)

Uncollectible receivables written off.

(b)

Primarily related to a reduction of $7.9 million due to the release of valuation allowances and a reduction of $4.1 million due to a change in tax rates on valuation allowances previously established in various foreign jurisdictions.

(c)

Primarily related to impact of foreign currency exchange rates on valuation allowances previously established in various foreign jurisdictions.

(d)

Represents a reduction primarily due to the release of a valuation allowance in EMEA, of which $60.8 million impacted the effective tax rate offset by $9.2 million, which impacted deferred taxes associated with the release of the valuation allowance.

(e)

Primarily related to rate changes on valuation allowances previously established in various foreign jurisdictions.

(f)

Represents a reduction primarily due to the release of a valuation allowance in EMEA, of which $39.6 million impacted the effective tax rate offset by $6.0 million, which impacted deferred taxes associated with the release of the valuation allowance.

(g)

Primarily related to additional valuation allowances for newly acquired companies and companies with a history of losses.