Avnet 2003 Annual Report Download - page 85
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Please find page 85 of the 2003 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.AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì Continued
2002. However, in accordance with the provisions of SFAS 142, the charge has been properly reÖected in
the Ñrst quarter in the table above.
(d) Includes the impact of incremental reorganization and integration charges associated with the write-down
in value of certain assets acquired in the Kent acquisition and certain other charges taken in response to
current business conditions. The charge amounted to $79.6 million pre-tax ($21.6 million included in cost
of sales and $58.0 million included in operating expenses) and $62.1 million after-tax, or $0.52 per share
on a diluted basis for the fourth quarter and year ended June 28, 2002. See Note 17.
19. Subsequent event (unaudited)
As there were no amounts outstanding under the Company's multi-year credit facility (see Note 7) and
because the Company did not expect to draw on the facility prior to its October 2004 expiration, the Company
terminated the facility on September 8, 2003.
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