13. Segment information

Electronic Components (“EC”) and Premier Farnell (“Farnell”) 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. Farnell 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 30,		March 31,		March 30,		March 31,
	2019		2018		2019		2018
	(Thousands)
Sales:
Electronic Components	$	4,331,351	$	4,404,115	$	13,722,890	$	12,874,885
Farnell		367,473		390,978		1,114,793		1,102,787
		4,698,824		4,795,093		14,837,683		13,977,672
Operating income:
Electronic Components	$	153,319	$	157,713	$	473,783	$	427,162
Farnell		45,651		42,162		126,088		108,245
		198,970		199,875		599,871		535,407
Corporate (1)		(20,866)		(29,084)		(60,414)		(87,812)
Restructuring, integration and other expenses		(2,939)		(25,120)		(79,986)		(108,277)
Goodwill impairment expense		—		(181,440)		—		(181,440)
Amortization of acquired intangible assets and other		(22,080)		(22,725)		(63,520)		(70,187)
Operating income (loss)	$	153,085	$	(58,494)	$	395,951	$	87,691

Sales, by geographic area:
Americas (2)	$	1,297,220	$	1,276,426	$	3,869,435	$	3,672,160
EMEA (3)		1,740,916		1,812,334		5,124,409		5,011,336
Asia/Pacific (4)		1,660,688		1,706,333		5,843,839		5,294,176
Sales	$	4,698,824	$	4,795,093	$	14,837,683	$	13,977,672

(1)Corporate is not a reportable segment and represents certain centrally incurred overhead expenses and assets that are not included in the EC and Farnell 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 $1.22 billion and $1.18 billion for the third quarters ended March 30, 2019 and March 31, 2018, respectively. Includes sales from the United States of $3.61 billion and $3.40 billion for the first nine months of fiscal 2019 and 2018, respectively.

(3)Includes sales from Germany and Belgium of $666.2 million and $311.9 million, respectively, for the third quarter ended March 30, 2019, and $2.00 billion and $868.2 million, respectively, for the first nine months of fiscal 2019. Includes sales from Germany and Belgium of $717.8 million and $281.1 million, respectively, for the third quarter ended March 31, 2018, and $1.98 billion and $786.0 million, respectively, for the first nine months of fiscal 2018.

(4)Includes sales from China (including Hong Kong), Taiwan and Singapore of $565.5 million, $659.7 million and $237.2 million, respectively, for the third quarter ended March 30, 2019, and $1.93 billion, $2.47 billion and $779.5 million, respectively, for the first nine months of fiscal 2019. Includes sales from China (including Hong Kong), Taiwan and Singapore of $638.1 million, $616.7 million and $231.6 million, respectively, for the third quarter ended March 31, 2018, and $1.92 billion, $1.99 billion and $677.8 million, respectively, for the first nine months of fiscal 2018.


	March 30,		June 30,
	2019		2018
	(Thousands)
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	219,283	$	276,156
EMEA (2)		197,090		204,797
Asia/Pacific		39,111		41,956
Property, plant, and equipment, net	$	455,484	$	522,909

(1)Includes property, plant and equipment, net, of $215.0 million and $271.4 million as of March 30, 2019, and June 30, 2018, respectively, in the United States.

(2)Includes property, plant and equipment, net, of $94.8 million, $65.3 million and $27.2 million in Germany, the UK and Belgium, respectively, as of March 30, 2019; and $99.4 million, $52.5 million and $43.4 million in Germany, the UK and Belgium, respectively, as of June 30, 2018.