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Table of Contents
SCHEDULE II
AVNET, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years Ended July 2, 2011, July 3, 2010 and June 27, 2009
73
Column A
Column B
Column C
Column D
Column E
Additions
Balance at
Charged to
Charged to
Balance at
Beginning
Costs and
Other Accounts
—
Deductions
—
End of
Description
of Period
Expenses
Describe
Describe
Period
(Thousands)
Fiscal 2011
Allowance for doubtful accounts
$
81,197
$
39,255
$
—
$
(
12,713
)(a)
$
107,739
Valuation allowance on foreign tax loss carry-
forwards (Note 9)
331,423
(76,055
)(b)
55,404
(c)
—
310,772
Fiscal 2010
Allowance for doubtful accounts
85,477
33,825
—
(
38,105
)(a)
81,197
Valuation allowance on foreign tax loss carry-
forwards (Note 9)
315,020
(1,338
)
17,741
(d)
—
331,423
Fiscal 2009
Allowance for doubtful accounts
76,690
32,777
2,841
(e)
(26,831
)(a)
85,477
Valuation allowance on foreign tax loss carry-
forwards (Note 9)
344,034
5,697
(34,711
)(f)
—
315,020
(a)
Uncollectible accounts written off.
(b)
Represents a reduction primarily due to the release of valuation allowance in EMEA, of which $64,215,000 impacted the
effective tax rate and $11,840,000 of which did not impact the effective tax rate because deferred taxes and income tax payables
associated with the release of the valuation allowance were recorded which offset a portion of the benefit as a result of the
release (see Note 9).
(c)
Primarily relates to the translation impact of changes in foreign currency exchange rates and acquired valuation allowances.
(d)
Includes the impact of deferred tax rate changes, the translation impact of changes in foreign currency exchange rates and the
increase of valuation allowance against associated deferred tax benefits as it was determined the related operating tax loss carry-
forward cannot be utilized.
(e)
Includes allowance for doubtful accounts as a result of acquisitions.
(f)
Includes the impact of deferred tax rate changes and the translation impact of changes in foreign currency exchange rates.