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Table of Contents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Years Ended July 2, 2011, July 3, 2010 and June 27, 2009
See notes to consolidated financial statements
41
Accumulated
Additional
Other
Total
Common
Paid
-
In
Retained
Comprehensive
Treasury
Shareholders
’
Stock
Capital
Earnings
Income
Stock
Equity
(Thousands)
Balance, June 28, 2008 (as adjusted
—
see Note 1)
150,417
$
1,166,042
$
2,343,783
$
482,178
$
(479
)
$
4,141,941
Net loss
—
—
(
1,129,712
)
—
—
(
1,129,712
)
Translation adjustments (Note 4)
—
—
—
(
237,903
)
—
(
237,903
)
Pension liability adjustment, net of tax of $16,767 (Notes 4,
10 and 15)
—
—
—
(
26,181
)
—
(
26,181
)
Comprehensive loss (Note 4)
(1,393,796
)
Stock option and incentive programs, including related tax
benefits of $653
682
12,482
—
—
(
452
)
12,712
Balance, June 27, 2009
151,099
1,178,524
1,214,071
218,094
(931
)
2,760,857
Net income
—
—
410,370
—
—
410,370
Translation adjustments (Note 4)
—
—
—
(
159,517
)
—
(
159,517
)
Pension liability adjustment, net of tax of $19,287 (Notes 4,
10 and 15)
—
—
—
(
31,215
)
—
(
31,215
)
Comprehensive income (Note 4)
219,638
Stock option and incentive programs, including related tax
benefits of $2,100
775
27,608
—
—
239
28,622
Balance, July 3, 2010
151,874
1,206,132
1,624,441
27,362
(692
)
3,009,117
Net income
—
—
669,069
—
—
669,069
Translation adjustments (Note 4)
—
—
—
329,884
—
329,884
Pension liability adjustment, net of tax of $12,022 (Notes 4,
10 and 15)
—
—
—
19,965
—
19,965
Comprehensive income (Note 4)
1,018,918
Stock option and incentive programs, including related tax
benefits of $4,689
961
27,077
—
—
(
3
)
28,035
Balance, July 2, 2011
152,835
$
1,233,209
$
2,293,510
$
377,211
$
(695
)
$
4,056,070