13. Segment information

Electronic Components (“EC”) and Premier Farnell (“PF”) are the Company’s reportable segments (“operating groups”). EC markets and sells semiconductors and interconnect, passive and electromechanical devices and integrated components to a diverse customer base serving many end-markets. PF was acquired during the second quarter of fiscal 2017 and distributes electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources.


	Third Quarters Ended				Nine Months Ended
	March 31,		April 1,		March 31,		April 1,
	2018		2017		2018		2017
	(Thousands)
Sales:
Electronic Components	$	4,404,115	$	4,090,943	$	12,874,885	$	12,213,389
Premier Farnell		390,978		350,953		1,102,787		620,170
		4,795,093		4,441,896		13,977,672		12,833,559
Operating income (loss):
Electronic Components	$	157,713	$	156,831	$	427,162	$	508,587
Premier Farnell		44,391		40,318		114,816		64,292
		202,104		197,149		541,978		572,879
Corporate (1)		(27,220)		(24,856)		(79,502)		(74,766)
Restructuring, integration and other expenses		(25,120)		(35,513)		(108,277)		(95,382)
Goodwill impairment expense		(181,440)		—		(181,440)		—
Amortization of acquired intangible assets and other		(22,725)		(22,497)		(70,187)		(34,704)
Operating (loss) income	$	(54,401)	$	114,283	$	102,572	$	368,027

Sales, by geographic area:
Americas (2)	$	1,276,426	$	1,328,592	$	3,672,160	$	3,831,706
EMEA (3)		1,812,334		1,615,903		5,011,336		4,261,891
Asia/Pacific (4)		1,706,333		1,497,401		5,294,176		4,739,962
Sales	$	4,795,093	$	4,441,896	$	13,977,672	$	12,833,559

(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 of profitability or assets and total Avnet amounts reported in the consolidated financial statements.

(2)Includes sales from the United States of $1.18 billion and $1.23 billion for the third quarters ended March 31, 2018, and April 1, 2017, respectively. Includes sales from the United States of $3.40 billion and $3.56 billion for the first nine months of fiscal 2018 and 2017, respectively.

(3)Includes sales from Germany and Belgium of $710.6 million and $281.1 million, respectively, for the third quarter ended March 31, 2018, and $1.96 billion and $786.0 million, respectively, for the first nine months of fiscal 2018. Includes sales from Germany and Belgium of $616.3 million and $248.3 million, respectively, for the third quarter ended April 1, 2017, and $1.66 billion and $678.5 million, respectively, for the first nine months of fiscal 2017.

(4)Includes sales from China (including Hong Kong), Taiwan and Singapore of $645.3 million, $616.7 million and $231.6 million, respectively, for the third quarter ended March 31, 2018, and $1.94 billion, $1.99 billion and $677.8 million, respectively, for the first nine months of fiscal 2018. Includes sales from China (including Hong Kong), Taiwan and Singapore of $562.9 million, $486.9 million and $237.1 million, respectively, for the third quarter ended April 1, 2017, and $1.80 billion, $1.67 billion and $690.1 million, respectively, for the first nine months of fiscal 2017.


	March 31,		July 1,
	2018		2017
	(Thousands)
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	270,972	$	296,038
EMEA (2)		210,419		186,127
Asia/Pacific		39,531		37,410
Property, plant, and equipment, net	$	520,922	$	519,575

(1)Includes property, plant and equipment, net, of $265.6 million and $289.1 million as of March 31, 2018, and July 1, 2017, respectively, in the United States.

(2)Includes property, plant and equipment, net, of $105.4 million, $50.6 million and $44.2 million in Germany, UK and Belgium, respectively, as of March 31, 2018, and $85.6 million, $52.1 million and $39.8 million in Germany, UK and Belgium, respectively, as of July 1, 2017.