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AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
5. Property, plant and equipment, net
Property,plantandequipmentarerecordedatcostandconsistofthefollowing:
July 2, 2016 June 27, 2015
(Thousands)
Buildings $ 122,538 $ 122,035
Machinery,fixturesandequipment 249,538 238,864
Informationtechnologyhardwareandsoftware 827,124 712,099
Leaseholdimprovements 143,918 140,928
Depreciableproperty,plantandequipment,gross 1,343,118 1,213,926
Accumulateddepreciation (828,126) (773,013)
Depreciableproperty,plantandequipment,net 514,992 440,913
Land 39,650 40,032
Constructioninprogress 58,016 87,834
Property,plantandequipment,net $ 612,658 $ 568,779
Depreciationexpenserelatedtoproperty,plantandequipmentwas$98.4million,$95.6millionand$92.5millioninfiscal
2016,2015and2014,respectively.Interestexpensecapitalizedduringfiscal2016,2015and2014wasnotmaterial.
6. Goodwill and intangible assets
The following table presents the change in goodwill balances by reportable segment for fiscal year 2016. All of the
accumulatedimpairmentwasrecognizedinfiscal2009.
Electronics Technology
Marketing Solutions Total
(Thousands)
Grossgoodwill $ 1,684,216 $ 974,274 $ 2,658,490
Accumulatedimpairment (1,045,110) (334,624) (1,379,734)
CarryingvalueatJune27,2015 639,106 639,650 1,278,756
Additions — 24,413 24,413
Adjustments — — —
Foreigncurrencytranslation (17,254) (4,695) (21,949)
CarryingvalueatJuly2,2016 $ 621,852 $ 659,368 $ 1,281,220
Grossgoodwill $ 1,666,962 $ 993,992 $ 2,660,954
Accumulatedimpairment (1,045,110) (334,624) (1,379,734)
CarryingvalueatJuly2,2016 $ 621,852 $ 659,368 $ 1,281,220
Goodwilladjustments representthe net purchase accounting adjustments for acquisitions during the related measurement
periods.
BasedupontheCompany’sannualimpairmenttestsperformedinthefourthquartersoffiscal2016,2015and2014,there
was no impairment of goodwill in the respective fiscal years. The goodwill impairment testing requirements and related
assumptionsusedaredescribedfurtherinNote1.
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