Avnet 2008 Annual Report Download - page 80

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Table of Contents
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
77
benefit of $13.9 million and $0.09 per share on a diluted basis from the settlement of a tax audit and adjustment
to tax contingencies. The total impact of all the items discussed above on the twelve months ended June 28,
2008 was $11.0 million pre
-
tax gain, $14.7 million after tax gain and $0.09 per share on a diluted basis.
(c) First quarter results include debt extinguishment costs amounting to $27.4 million pre-tax, $16.5 million after
tax and $0.11 per share. Results for the third quarter include the impact of restructuring and integration charges
of $8.5 million pre-tax, $6.0 million after tax and $0.04 per share on a diluted basis. Results in the third quarter
also include a gain on sale of business lines of $3.0 million pre-
tax, $1.8 million after tax, and $0.01 per share on
a diluted basis. Results for the fourth quarter include restructuring and integration charges which were offset by
a prior year acquisition-related pre-tax benefit of $12.5 million. The combined impact on the fourth quarter for
these items amounted to a benefit of $1.2 million pre-tax, $0.7 million after tax and less than $0.01 per share on
a diluted basis. The total impact of these charges on the twelve months ended June 30, 2007 was $31.7 million
pre
-
tax, $20.0 million after tax and $0.13 per share on a diluted basis.