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Table of Contents AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
15. Additional cash flow information
The "Other, net" component of non-
cash and other reconciling items within operating activities in the consolidated statements of cash
flows consisted of the following:
Interest and income taxes paid during the last three fiscal years were as follows:
The Company includes book overdrafts as part of accounts payable on its consolidated balance sheets and reflects changes in such
balances as part of cash flows from operating activities in its consolidated statements of cash flows.
16. Segment information
Electronics Marketing and Technology Solutions are the Company's reportable segments ("operating groups").
EM markets and sells semiconductors and interconnect, passive and electromechanical devices and embedded products. EM markets and
sells its products and services to a diverse customer base serving many end-
markets including automotive, communications, computer hardware
and peripheral, industrial and manufacturing, medical equipment, and defense and aerospace. EM also offers an array of value-
added services
that help customers evaluate, design-
in and procure electronic components throughout the lifecycle of their technology products and systems. By
working with EM, customers and suppliers can accelerate their time to market and realize cost efficiencies in both the design and manufacturing
process.
As a leading global IT solutions distributor, TS focuses on the value-
added distribution of enterprise computing servers and systems,
software, storage, services and complex solutions from the world’
s foremost technology manufacturers. TS partners with its customers and
suppliers to create and deliver effective data center and IT lifecycle solutions that solve the business challenges of end-
user customers locally
and around the world. TS serves a number of customer segments, from VARs, system integrators and independent software vendors to the
worldwide OEM market for computing technology and non-
PC OEMs requiring embedded systems and solutions including engineering,
product prototyping, integration and other value-
added services. TS also provides the latest hard disk drives, microprocessor, motherboard and
DRAM module technologies to manufacturers of general-purpose computers and system builders.
At the beginning of fiscal 2014, the Company began excluding amortization expense associated with acquired intangible assets from the
operating income of the EM and TS operating groups in order to measure such operating results consistent with how many technology
companies measure operating performance and given that such amortization expense is non-
cash in nature. As a result of this change, prior
period segment information has been recast to conform to the new measure of profitability used during fiscal 2014. The change in the measure of
operating group profitability did not impact the determination of the Company’
s operating groups or the previously reported consolidated
financial results.
68
Years Ended
June 28,
2014
June 29,
2013
June 30,
2012
(Thousands)
Provision for doubtful accounts receivable
$
17,943
$
30,802
$
35,632
Periodic pension cost (Note 10)
34,093
36,993
24,172
Other, net
36,651
7,532
6,459
Total
$
88,687
$
75,327
$
66,263
Years Ended
June 28,
2014
June 29,
2013
June 30,
2012
(Thousands)
Interest
$
111,608
$
106,735
$
89,529
Income taxes
$
181,117
$
141,196
$
192,717