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Table of Contents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Years Ended June 28, 2008, June 30, 2007 and July 1, 2006
See notes to consolidated financial statements
44
Accumulated
Additional
Other
Total
Common
Paid
-
In
Retained
Comprehensive
Treasury
Shareholders
’
Stock
Capital
Earnings
Income
Stock
Equity
(Thousands)
Balance, July 2, 2005
120,771
569,638
1,283,028
123,705
(109
)
2,097,033
Net income
—
—
204,547
—
—
204,547
Translation adjustments (Note 4)
—
—
—
43,251
—
43,251
Minimum pension liability adjustment, net
of tax of $13,059 (Notes 4, 10 and 15)
—
—
—
19,920
—
19,920
Comprehensive income (Note 4)
267,718
Stock issued for acquisition of Memec
24,011
394,194
—
—
—
418,205
Stock option and incentive programs,
including related tax benefits of $112
1,885
46,504
—
—
(
162
)
48,227
Balance at July 1, 2006
146,667
1,010,336
1,487,575
186,876
(271
)
2,831,183
Net income
—
—
393,067
—
—
393,067
Translation adjustments (Note 4)
—
—
—
83,094
—
83,094
Pension liability adjustment, net of tax of
$4,181(Notes 4, 10 and 15)
—
—
—
6,539
—
6,539
Comprehensive income (Note 4)
482,700
Stock option and incentive programs,
including related tax benefits of $15,597
3,159
83,874
—
—
(
271
)
86,762
Balance, June 30, 2007
149,826
$
1,094,210
$
1,880,642
$
276,509
$
(542
)
$
3,400,645
Net income
—
—
499,081
—
—
499,081
Translation adjustments (Note 4)
—
—
—
222,551
—
222,551
Pension liability adjustment, net of tax of
$10,901 (Notes 4, 10 and 15)
—
—
—
(
16,882
)
—
(
16,882
)
Comprehensive income (Note 4)
704,750
Stock option and incentive programs,
including related tax benefits of $3,840
591
28,642
—
—
63
29,296
Balance, June 28, 2008
150,417
$
1,122,852
$
2,379,723
$
482,178
$
(479
)
$
4,134,691