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Segment information
3 Months Ended
Sep. 28, 2019
Segment information  
Segment information

13. Segment information

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Electronic Components (“EC”) and 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.

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First Quarters Ended

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September 28,

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September 29,

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2019

    

2018

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(Thousands)

Sales:

    

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Electronic Components

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$

4,294,187

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$

4,710,825

Farnell

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335,822

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379,054

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4,630,009

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5,089,879

Operating income:

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Electronic Components

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$

112,286

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$

161,913

Farnell

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21,805

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40,793

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134,091

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202,706

Corporate (1)

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(26,677)

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(20,175)

Restructuring, integration and other expenses

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(24,598)

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(14,788)

Amortization of acquired intangible assets and other

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(20,078)

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(20,927)

Operating income

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$

62,738

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$

146,816

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Sales, by geographic area:

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Americas (2)

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$

1,215,757

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$

1,271,793

EMEA (3)

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1,470,924

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1,714,917

Asia/Pacific (4)

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1,943,328

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2,103,169

Sales

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$

4,630,009

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$

5,089,879

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(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.

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(2)

Includes sales from the United States of $1.14 billion and $1.18 billion for the first quarters ended September 28, 2019 and September 29, 2018, respectively.

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(3)

Includes sales from Germany and Belgium of $580.3 million and $277.8 million, respectively, for the first quarter ended September 28, 2019. Includes sales from Germany and Belgium of $685.7 million and $280.1 million, respectively, for the first quarter ended September 29, 2018.

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(4)

Includes sales from China (including Hong Kong), Taiwan and Singapore of $623.5 million, $870.4 million and $239.6 million, respectively, for the first quarter ended September 28, 2019. Includes sales from China (including Hong Kong), Taiwan and Singapore of $693.1 million, $888.7 million and $280.4 million, respectively, for the first quarter ended September 29, 2018.

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September 28,

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June 29,

 

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2019

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2019

 

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(Thousands)

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

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Americas (1)

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$

208,925

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$

213,802

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EMEA (2)

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192,338

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200,379

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Asia/Pacific

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36,204

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37,990

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Property, plant, and equipment, net

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$

437,467

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$

452,171

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(1)

Includes property, plant and equipment, net, of $205.4 million and $209.9 million as of September 28, 2019, and June 29, 2019, respectively, in the United States.

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(2)

Includes property, plant and equipment, net, of $87.3 million, $72.0 million and $23.5 million in Germany, the UK and Belgium, respectively, as of September 28, 2019; and $95.2 million, $70.5 million and $25.2 million in Germany, the UK and Belgium, respectively, as of June 29, 2019.