Avnet 2007 Annual Report Download - page 76

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portion of additional minimum pension liabilities (including non-US pension liabilities) of $32,979,000 which was
recorded net of related deferred tax benefit of $13,059,000 in other comprehensive income (see Notes 4 and 10), and
the exercise of a facility lease purchase option through the assumption of debt in the amount of $3,987,000.
Non-cash activity in fiscal 2005 related to additional minimum pension liabilities of $30,542,000, net of the
related deferred tax benefit of $11,877,000 recorded through other comprehensive income (see Notes 4 and 10).
16. Segment information
Electronics Marketing (“EM”) and Technology Solutions (“TS”) are the overall segments upon which
management primarily evaluates the operations of the Company and upon which management bases its operating
decisions. Therefore, the segment data that follows reflects these two segments.
EM markets and sells semiconductors, interconnect, passive and electromechanical devices, and radio
frequency/microwave components. EM markets and sells its products to a diverse customer base spread across
end-markets including communications, computer hardware and peripheral, industrial and manufacturing, medical
equipment and military and aerospace. EM also offers an array of value-added services to its customers such as
supply-chain management, engineering design, inventory replenishment systems, connector and cable assembly
and semiconductor programming.
TS markets and sells mid- to high-end servers, data storage, software and networking solutions, and the
services required to implement these solutions, to the value-added reseller channel and enterprise computing
customers. TS also focuses on the worldwide original equipment manufacturers (“OEM”) market for computing
technology, system integrators and non-PC OEMs that require embedded systems and solutions including
engineering, product prototyping, integration and other value-added services.
76
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)