Avnet 2014 Annual Report Download - page 72

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Table of Contents AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
At the beginning of fiscal 2014, a portion of the Company's reverse logistics operations, which was previously included in the EM
operating group, was combined within the TS operating group. The Company also combined its regional computing components operations
within EM and TS into a single global organization within TS. As a result of these changes, sales, operating income and assets previously
reported in the EM operating group in fiscal 2013 have been included within the TS operating group in fiscal 2014. The Company does not view
the amount of sales, operating income, or assets of such transferred operations to be a material change to the composition of its operating groups
for financial reporting purposes. Sales related to such transferred operations reported in the EM operating group in fiscal 2013 were
$443.3
million . The transfer of such operations between operating groups did not impact the determination of the Company’
s operating groups or the
previously reported consolidated financial results.
69