Avnet 2013 Annual Report Download - page 14

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Table of Contents
Item 1B. Unresolved Staff Comments
Not applicable.
Item 2. Properties
The Company owns and leases approximately 1,558,000 and 6,391,000 square feet of space, respectively, of which approximately 42%
is
located in the United States. The following table summarizes certain of the Company’s key facilities.
Item 3. Legal Proceedings
As a result primarily of certain former manufacturing operations, Avnet has incurred and may have future liability under various federal,
state and local environmental laws and regulations, including those governing pollution and exposure to, and the handling, storage and disposal
of, hazardous substances. For example, under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as
amended (“CERCLA”)
and similar state laws, Avnet is and may be liable for the costs of cleaning up environmental contamination on or from
certain of its current or former properties, and at off-
site locations where the Company disposed of wastes in the past. Such laws may impose
joint and several liability. Typically, however, the costs for cleanup at such sites are allocated among potentially responsible parties based upon
each party’s relative contribution to the contamination, and other factors.
Pursuant to SEC regulations, including but not limited to Item 103 of Regulation S-
K, the Company regularly assesses the status of and
developments in pending environmental legal proceedings to determine whether any such proceedings should be identified specifically in this
discussion of legal proceedings, and has concluded that no particular pending environmental legal proceeding requires public disclosure. Based
on the information known to date, management believes that the Company has appropriately accrued in its consolidated financial statements for
its share of the estimated costs of environmental matters.
The Company is also party to various other lawsuits, claims, investigations and other legal proceedings arising from time to time in the
normal course of business. While litigation is subject to inherent uncertainties, management currently believes that the ultimate outcome of these
proceedings, individually and in the aggregate, will not have a material adverse effect on the Company’
s financial position, liquidity or results of
operations.
Item 4. Mine Safety Disclosures
Not applicable.
12
Location
Sq.
Footage
Leased
or
Owned
Primary Use
Poing, Germany
423,000
Leased
EM warehousing, value-added operations and offices
Chandler, Arizona
399,000
Owned
EM warehousing and value-added operations
Tongeren, Belgium
388,000
Owned
EM and TS warehousing and value-added operations
Grove City, Ohio
297,000
Leased
EM warehousing, integration and value-added operations
Poing, Germany
296,000
Owned
EM warehousing, value-added operations and offices
Groveport, Ohio
266,000
Leased
TS warehousing, integration and value-added operations
Chandler, Arizona
231,000
Leased
EM warehousing, integration and value-added operations
Atlanta, Georgia
195,000
Leased
TS warehousing, integration and value-added operations
Hong Kong, China
181,000
Leased
EM warehousing and value-added operations
Phoenix, Arizona
176,000
Leased
Corporate and EM headquarters
Coppell, Texas
174,000
Leased
EM warehousing, integration and value-added operations
Nettetal, Germany
137,000
Owned
EM warehousing, value-added operations and offices
Tempe, Arizona
132,000
Leased
TS headquarters
Nettetal, Germany
126,000
Owned
TS warehousing, value-added operations and offices
Nogales, Mexico
124,000
Leased
EM warehousing and value-added operations