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Table of Contents
SCHEDULE II
AVNET, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years Ended June 30, 2012, July 2, 2011 and July 3, 2010
______________________
72
Column A
Column B
Column C Column D Column E
Additions
Description
Balance at
Beginning of
Period
Charged to
Costs and
Expenses
Charged to
Other
Accounts —
Describe Deductions —
Describe
Balance at
End of
Period
(Thousands)
Fiscal 2012
Allowance for doubtful accounts
$
107,739
$
35,632
$
—
$
(
37,052
)
(a)
$
106,319
Valuation allowance on foreign tax
loss carry-forwards (Note 9)
310,772
(30,785
)
(b)
(35,894
)
(c) —
244,093
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
)
(d)
55,404
(e) —
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
(f) —
331,423
(a)
Uncollectible accounts written off.
(b) Represents a reduction primarily due to the release of valuation allowance in EMEA, of which $26,231,000
impacted the effective tax rate
and $4,554,000
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.
(d) 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).
(e)
Primarily relates to the translation impact of changes in foreign currency exchange rates and acquired valuation allowances.
(f)
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.