Segment information

9 Months Ended

Mar. 28, 2020

13. Segment information

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.


	Third Quarters Ended				Nine Months Ended
	March 28,		March 30,		March 28,		March 30,
	2020		2019		2020		2019
	(Thousands)
Sales:
Electronic Components	$	3,974,669	$	4,331,351	$	12,472,484	$	13,722,890
Farnell		335,149		367,473		1,002,148		1,114,793
		4,309,818		4,698,824		13,474,632		14,837,683
Operating income (loss):
Electronic Components	$	84,841	$	153,319	$	290,271	$	473,783
Farnell		23,350		45,651		65,109		126,088
		108,191		198,970		355,380		599,871
Corporate		(37,833)		(20,866)		(95,416)		(60,414)
Restructuring, integration and other expenses		(19,211)		(2,939)		(58,073)		(79,986)
Goodwill and intangible asset impairment expense		(145,836)		—		(145,836)		—
Amortization of acquired intangible assets and other		(21,071)		(22,080)		(62,603)		(63,520)
Operating (loss) income	$	(115,760)	$	153,085	$	(6,548)	$	395,951

Sales, by geographic area:
Americas ⁽¹⁾	$	1,203,605	$	1,297,220	$	3,605,944	$	3,869,435
EMEA ⁽²⁾		1,512,476		1,740,916		4,409,258		5,124,409
Asia/Pacific ⁽³⁾		1,593,737		1,660,688		5,459,430		5,843,839
Sales	$	4,309,818	$	4,698,824	$	13,474,632	$	14,837,683

⁽¹⁾	Includes sales from the United States of $1.11 billion and $1.22 billion for the third quarters ended March 28, 2020 and March 30, 2019, respectively. Includes sales from the United States of $3.37 billion and $3.61 billion for the first nine months of fiscal 2020 and 2019, respectively.

⁽²⁾

Includes sales from Germany and Belgium of $568.0 million and $278.3 million, respectively, for the third quarter ended March 28, 2020, and $1.69 billion and $837.7 million, respectively, for the first nine months of fiscal 2020. 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.

⁽³⁾

Includes sales from China (including Hong Kong), Taiwan and Singapore of $524.1 million, $649.7 million and $239.3 million, respectively, for the third quarter ended March 28, 2020, and $1.76 billion, $2.39 billion and $722.7 million, respectively, for the first nine months of fiscal 2020. 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.


	March 28,		June 29,
	2020		2019
	(Thousands)
Property, plant, and equipment, net, by geographic area:
Americas ⁽¹⁾	$	193,859	$	213,802
EMEA ⁽²⁾		183,903		200,379
Asia/Pacific		35,609		37,990
Property, plant, and equipment, net	$	413,371	$	452,171

⁽¹⁾	Includes property, plant and equipment, net, of $189.0 million and $209.9 million as of March 28, 2020 and June 29, 2019, respectively, in the United States.

⁽²⁾

Includes property, plant and equipment, net, of $86.2 million, $71.5 million and $22.8 million in Germany, the United Kingdom and Belgium, respectively, as of March 28, 2020; and $95.2 million, $70.5 million and $25.2 million in Germany, the United Kingdom and Belgium, respectively, as of June 29, 2019.