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Segment information (Tables)
3 Months Ended
Sep. 30, 2017
Segment information  
Table of the Company's segments and the related financial information for each

 

 

 

 

 

 

 

 

 

 

First Quarters Ended

 

 

 

September 30,

 

October 1,

 

 

 

2017

 

2016

 

 

 

(Thousands)

 

Sales:

    

 

    

    

 

    

 

Electronic Components

 

$

4,307,251

 

$

4,118,104

 

Premier Farnell

 

 

353,692

 

 

 —

 

 

 

 

4,660,943

 

 

4,118,104

 

Operating income (loss):

 

 

 

 

 

 

 

Electronic Components

 

$

139,601

 

$

185,051

 

Premier Farnell

 

 

34,795

 

 

 —

 

 

 

 

174,396

 

 

185,051

 

Corporate (1)

 

 

(32,462)

 

 

(23,690)

 

Restructuring, integration and other expenses

 

 

(46,394)

 

 

(29,469)

 

Amortization of acquired intangible assets and other

 

 

(25,585)

 

 

(2,378)

 

Operating Income

 

$

69,955

 

$

129,514

 

 

 

 

 

 

 

 

 

Sales, by geographic area:

 

 

 

 

 

 

 

Americas (2)

 

$

1,185,485

 

$

1,250,508

 

EMEA (3)

 

 

1,692,985

 

 

1,265,294

 

Asia/Pacific (4)

 

 

1,782,473

 

 

1,602,302

 

Sales

 

$

4,660,943

 

$

4,118,104

 

 


(1)Corporate is not a reportable segment and represents certain centrally incurred overhead expenses and assets that are not included in the EC and PF measures of profitability or assets. Corporate amounts represent a reconciling item between segment measures and total Avnet amounts reported in the consolidated financial statements.

 

(2)Includes sales from the United States of $1.10 billion and $1.17 billion for the first quarters ended September 30, 2017, and October 1, 2016, respectively.

 

(3)Includes sales from Germany and Belgium of $681.0 million and $262.5 million, respectively, for the first quarter ended September 30, 2017. Includes sales from Germany and Belgium of $521.4 million and $202.7 million, respectively, for the first quarter ended October 1, 2016.

 

(4)Includes sales from China (including Hong Kong) and Taiwan of $655.4 million and $657.5 million, respectively, for the first quarter ended September 30, 2017. Includes sales from China (including Hong Kong) and Taiwan of $624.8 million and $589.5 million, respectively, for the first quarter ended October 1, 2016.

Table of Assets by reportable segment and long-lived assets by geographic area

 

 

 

 

 

 

 

 

 

 

September 30,

 

July 1,

 

 

 

2017

 

2017

 

 

 

(Thousands)

 

Property, plant, and equipment, net, by geographic area:

 

 

 

 

 

 

 

Americas (1)

 

$

278,435

 

$

296,038

 

EMEA (2)

 

 

193,756

 

 

186,127

 

Asia/Pacific

 

 

38,112

 

 

37,410

 

Property, plant, and equipment, net

 

$

510,303

 

$

519,575

 

 


(1)Includes property, plant and equipment, net, of $272.5 million and $289.1 million as of September 30, 2017, and July 1, 2017, respectively, in the United States.

 

(2)Includes property, plant and equipment, net, of $91.9 million, $52.2 million and $40.6 million in Germany, UK and Belgium, respectively, as of September 30, 2017, and $85.6 million, $52.1 million and $39.8 million in Germany, UK and Belgium, respectively, as of July 1, 2017.