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SCHEDULE II
AVNET, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years Ended June 28, 2014 , June 29, 2013 and June 30, 2012
75
Account Description
Balance at
Beginning of
Period
Charged to
Expense
(Income)
Charged to
Other
Accounts Deductions
Balance at
End of
Period
(Thousands)
Fiscal 2014
Allowance for doubtful accounts
$
95,656
$
17,943
$
—
$
(
17,217
)
(a)
$
96,382
Valuation allowance on foreign tax
loss carry-forwards (Note 9)
230,821
(52,719
)
(b)
4,021
(c)
—
182,123
Fiscal 2013
Allowance for doubtful accounts
106,319
30,802
—
(
41,465
)
(a)
95,656
Valuation allowance on foreign tax
loss carry-forwards (Note 9)
244,093
(41,572
)
(d)
28,300
(e)
—
230,821
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
)
(35,894
)
(f)
—
244,093
(a)
Uncollectible receivables written off.
(b) Represents a reduction primarily due to the release of valuation allowance in EMEA, of which $39.6 million
impacted the effective tax rate
offset by $6.0 million , which impacted deferred taxes associated with the release of the valuation allowance (see Note 9).
(c)
Primarily related to rate changes on valuation allowances previously established in various foreign jurisdictions.
(d) Represents a reduction primarily due to the release of valuation allowance in EMEA, of which $31.9 million
impacted the effective tax rate
offset by $4.8 million , which impacted deferred taxes associated with the release of the valuation allowance (see Note 9).
(e)
Primarily related to additional valuation allowances for newly acquired companies and companies with a history of losses.
(f)
Primarily relates to the translation impact of changes in foreign currency exchange rates and acquired valuation allowances.