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TableofContents
SCHEDULE II
AVNET, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years Ended July 2, 2016, June 27, 2015 and June 28, 2014
Balance at Charged to Charged to Balance at
Beginning of Expense Other End of
Account Description Period (Income) Accounts Deductions Period
(Thousands)
Fiscal 2016
Allowancefordoubtfulaccounts $ 80,721 $ 12,639 $ — $ (26,556)(a)$ 66,804
Valuationallowanceontaxlosscarry-
forwards 111,381 (12,203)(b) 2,030
(c)
— 101,208
Fiscal 2015
Allowancefordoubtfulaccounts 96,382 20,084 — (35,745)(a) 80,721
Valuationallowanceontaxlosscarry-
forwards 182,123 (37,564)(d) (33,178)
(e)
— 111,381
Fiscal 2014
Allowancefordoubtfulaccounts 95,656 17,943 — (17,217)(a) 96,382
Valuationallowanceontaxlosscarry-
forwards 230,821 (52,719)(f) 4,021 (g) — 182,123
(a) Uncollectiblereceivableswrittenoff.
(b) Primarilyrelatedtoareductionof$7.9millionduetothereleaseofvaluationallowancesandareductionof$4.1milliondue
toachangeintaxratesonvaluationallowancespreviouslyestablishedinvariousforeignjurisdictions.
(c) Primarilyrelatedtoimpactofforeigncurrencyexchangeratesonvaluationallowancespreviouslyestablishedinvarious
foreignjurisdictions.
(d) RepresentsareductionprimarilyduetothereleaseofavaluationallowanceinEMEA,ofwhich$60.8millionimpactedthe
effective tax rate offset by $9.2 million, which impacted deferred taxes associated with the release of the valuation
allowance.
(e) Primarilyrelatedtoratechangesonvaluationallowancespreviouslyestablishedinvariousforeignjurisdictions.
(f) RepresentsareductionprimarilyduetothereleaseofavaluationallowanceinEMEA,ofwhich$39.6millionimpactedthe
effectivetaxrateoffsetby$6.0million,whichimpacteddeferredtaxesassociatedwiththereleaseofthevaluation
allowance.
(g) Primarilyrelatedtoadditionalvaluationallowancesfornewlyacquiredcompaniesandcompanieswithahistoryoflosses.
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