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Table of Contents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Years Ended June 29, 2013 , June 30, 2012 and July 2, 2011
See notes to consolidated financial statements.
41
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock
Total
Shareholders’
Equity
(Thousands)
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
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
Net income —
—
567,019
—
—
567,019
Translation adjustments (Note 4) —
—
—
(
370,415
)
—
(
370,415
)
Pension liability adjustment, net of tax of $32,382 (Notes 4,10
and 15) —
—
—
(
52,628
)
—
(
52,628
)
Repurchase of common stock (Note 4)
(11,270
)
—
(
314,671
)
—
—
(
325,941
)
Stock option and incentive programs, including related tax
benefits of $4,442
1,021
30,608
—
—
(
2
)
31,627
Balance, June 30, 2012
142,586
1,263,817
2,545,858
(45,832
)
(697
)
3,905,732
Net income —
—
450,073
—
—
450,073
Translation adjustments (Note 4) —
—
—
44,597
—
44,597
Pension liability adjustment, net of tax of $19,062 (Notes 4,10
and 15) —
—
—
30,130
—
30,130
Repurchases of common stock (Note 4)
(6,620
)
(192,965
)
(199,585
)
Stock option and incentive programs, including related tax
benefits of $4,110
1,161
33,291
—
—
(
67
)
34,385
Acquisition of non-controlling interest (Note 2) —
23,793
—
—
—
23,793
Balance, June 29, 2013
$
137,127
$
1,320,901
$
2,802,966
$
28,895
$
(764
)
$
4,289,125