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Valuation And Qualifying Acccounts
 12 Months Ended
Jul. 01, 2017
Valuation and Qualifying Accounts  
Valuation and Qualifying Accounts

SCHEDULE II

AVNET, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended July 1, 2017, July 2, 2016, and June 27, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

Charged to

 

Charged to

 

 

 

 

Balance at

 

 

 

Beginning of

 

Expense

 

Other

 

 

 

 

End of

 

Account Description

 

Period

 

(Income)

 

Accounts

 

Deductions

 

Period

 

 

 

(Thousands)

 

Fiscal 2017

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Allowance for doubtful accounts

 

$

27,448

 

$

10,741

 

$

14,361

(a)  

$

(5,278)

(b)  

$

47,272

 

Valuation allowance on tax loss carry-forwards

 

 

63,694

 

 

4,477

(c)  

 

173,516

(d)  

 

 —

 

 

241,687

 

Fiscal 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

 

35,629

 

$

7,776

 

$

 —

 

$

(15,957)

(b)  

 

27,448

 

Valuation allowance on tax loss carry-forwards

 

 

60,834

 

 

(412)

(e)  

 

3,272

(f)  

 

 —

 

 

63,694

 

Fiscal 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

 

34,912

 

 

11,558

 

 

 —

 

 

(10,841)

(b)  

 

35,629

 

Valuation allowance on tax loss carry-forwards

 

 

126,441

 

 

(43,178)

(g)  

 

(22,429)

(h)  

 

 —

 

 

60,834

 

(a)

Amount relates to increases to the allowance for doubtful accounts from acquisition and divestiture activity and such amounts were not charged to other accounts

(b)

Uncollectible receivables written off.

(c)

Primarily related to an increase of $8.8 million due to the establishment of valuation allowances and a reduction of $4.0 million due to a release in valuation allowances.

(d)

Primarily related to the acquisition of PF and other tax attributes recorded for which the Company does not expect to realize a benefit.

(e)

Represents a reduction primarily due to the release of a valuation allowance. 

(f)

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

(g)

Represents a reduction primarily due to the release of a valuation allowance in EMEA, of which $56.5 million impacted the effective tax rate offset by $8.6 million, which impacted deferred taxes associated with the release of the valuation allowance.

(h)

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