XML 125 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Goodwill and intangible assets | 12 Months Ended
--- | ---
Jun. 29, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and intangible assets disclosures [Text Block] | Goodwill and intangible assets The following table presents the change in the goodwill balances by reportable segment for fiscal year 2013. All of the accumulated impairment was recognized in fiscal 2009.
| Electronics Marketing |  | Technology Solutions |  | Total
| (Thousands)
Gross goodwill | $ | 1,590,419 |  |  | $ | 889,936 |  |  | $ | 2,480,355 |
Accumulated impairment | (1,045,110 | ) |  | (334,624 | ) |  | (1,379,734 | )
Carrying value at June 30, 2012 | $ | 545,309 |  |  | $ | 555,312 |  |  | $ | 1,100,621 |
Additions | 55,486 |  |  | 109,627 |  |  | 165,113 |
Adjustments | 7,185 |  |  | (7,185 | ) |  | — |
Write-down due to exit of business | (5,408 | ) |  | — |  |  | (5,408 | )
Foreign currency translation | (742 | ) |  | 1,704 |  |  | 962 |
Carrying value at June 29, 2013 | $ | 601,830 |  |  | $ | 659,458 |  |  | $ | 1,261,288 |
Gross goodwill | $ | 1,646,940 |  |  | $ | 994,082 |  |  | $ | 2,641,022 |
Accumulated impairment | (1,045,110 | ) |  | (334,624 | ) |  | (1,379,734 | )
Carrying value at June 29, 2013 | $ | 601,830 |  |  | $ | 659,458 |  |  | $ | 1,261,288 |
The goodwill additions are a result of businesses acquired during fiscal 2013 (see Note 2) and purchase accounting adjustments to prior year acquisitions that occurred during the purchase price allocation period. The adjustment to goodwill is a result of the transfer of a business unit from TS to EM. During fiscal 2013, the Company recorded a write-down of goodwill of $5,408,000 associated with the exit of a non-integrated business in the EM Americas region that is included in "Restructuring, integration and other expenses" in the accompanying consolidated statement of operations. The Company performs its annual goodwill impairment test on the first day of its fiscal fourth quarter. In addition, if and when events or circumstances change that would more likely than not reduce the fair value of any of its reporting units below its carrying value, an interim test would be performed. Based upon the Company’s annual impairment tests performed for fiscal 2013, 2012 and 2011, there was no impairment of goodwill in the respective fiscal years. The following table presents the Company’s identifiable intangible assets at June 29, 2013 and June 30, 2012, respectively. These balances are included in "other assets" and have a weighted average life of 8 years.
| June 29, 2013 |  | June 30, 2012
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
| (Thousands)
Customer relationships | $ | 272,312 |  |  | $ | (107,636 | ) |  | $ | 164,676 |  |  | $ | 248,105 |  |  | $ | (76,645 | ) |  | $ | 171,460 |
Customer lists | 3,795 |  |  | (2,310 | ) |  | 1,485 |  |  | 3,690 |  |  | (1,279 | ) |  | 2,411 |
Trade name | 3,320 |  |  | (480 | ) |  | 2,840 |  |  | 3,820 |  |  | (970 | ) |  | 2,850 |
Other | 4,177 |  |  | (966 | ) |  | 3,211 |  |  | 5,052 |  |  | (434 | ) |  | 4,618 |
| $ | 283,604 |  |  | $ | (111,392 | ) |  | $ | 172,212 |  |  | $ | 260,667 |  |  | $ | (79,328 | ) |  | $ | 181,339 |
Intangible asset amortization expense was $32,343,000, $27,717,000 and $21,240,000 for fiscal 2013, 2012 and 2011 respectively. The following table presents the estimated future amortization expense for the next five fiscal years (in thousands):
Fiscal Year |
2014 | $ | 35,564 |
2015 | 34,294 |
2016 | 28,647 |
2017 | 26,479 |
2018 | 15,278 |

X
- Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration