XML 72 R29.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Acquisitions and divestitures (Tables)
12 Months Ended
Jul. 02, 2011
Acquisitions and divestitures [Abstract]  
Acquisitions
                 
        Approximate      
        Annualized     Acquisition
Acquired Business   Group & Region   Revenues (1)     Date
        (Millions)      
Fiscal 2011
               
itX Group Ltd.
  TS Asia/Pac   $ 160     January 2011
Center Cell
  EM Americas     5     November 2010
Eurotone
  EM Asia/Pac     30     October 2010
Broadband
  EM Americas     8     October 2010
Unidux
  EM Asia/Pac     370     July 2010
Tallard Technologies
  TS Americas     250     July 2010
Bell Microproducts Inc.
  EM & TS Americas     3,021     July 2010
 
  TS EMEA            
 
               
Fiscal 2010
               
Servodata HP Division
  TS EMEA   $ 20     April 2010
PT Datamation
  TS Asia/Pac     90     April 2010
Sunshine Joint Stock Company
  TS Asia/Pac     30     November 2009
Vanda Group
  TS Asia/Pac     30     October 2009
 
               
Fiscal 2009
               
Abacus Group plc
  EM EMEA   $ 400     January 2009
Nippon Denso Industry Co., Ltd.
  EM Asia/Pac     140     December 2008
Ontrack Solutions Pvt. Ltd.
  TS Asia/Pac     13     July 2008
Horizon Technology Group plc
  TS EMEA     400     June 2008
Source Electronics Corporation
  EM Americas     82     June 2008
 
     
(1)  
Represents the approximate annual revenue from the acquired businesses’ most recent fiscal year end prior to acquisition by Avnet and based upon average foreign currency exchange rates for those periods.
Purchase price allocation
         
    July 6, 2010  
    (Thousands)  
Current assets
  $ 705,986  
Property, plant and equipment
    13,022  
Goodwill
    224,265  
Identifiable intangible asset
    60,000  
Other assets
    37,964  
 
     
Total assets acquired
    1,041,237  
 
     
Current liabilities, excluding current portion of long-term debt
    396,875  
Long-term liabilities
    30,218  
Total debt
    358,453  
 
     
Total liabilities assumed
    785,546  
 
     
Net assets acquired
  $ 255,691  
 
     
Business acquisition pro forma information
         
    Pro Forma Results  
    Twelve Months Ended  
    July 3, 2010  
    (Thousands, except per  
    share data)  
Pro forma sales
  $ 22,291,579  
Pro forma operating income
    660,769  
Pro forma net income
    404,249  
 
       
Pro forma diluted earnings per share
  $ 2.64