Avnet 2011 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2011 Avnet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

Table of Contents
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Aggregate debt maturities for fiscal 2012 through 2016 and thereafter are as follows (in thousands):
At July 2, 2011, the carrying value and fair value of the Company’
s debt was $1,516,588,000 and $1,626,394,000, respectively.
Fair value was estimated primarily based upon quoted market prices.
8. Accrued expenses and other
Accrued expenses and other consist of the following:
55
2012
$
243,079
2013
124,545
2014
301,646
2015
321
2016
250,000
Thereafter
600,000
Subtotal
1,519,591
Discount on notes
(3,003
)
Total debt
$
1,516,588
July 2,
July 3,
2011
2010
(Thousands)
Payroll, commissions and related accruals
$
320,958
$
212,830
Income taxes (Note 9)
72,495
100,422
Other
(1)
279,563
227,524
$
673,016
$
540,776
(1)
Includes restructuring reserves recorded through purchase accounting and through “
restructuring, integration and other
charges
”
(
see Notes 2 and 17). Amounts presented in this caption were individually not significant.