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TableofContents
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
part of the consolidation, relocation and closure ofwarehouse and office facilities. Integration costs include certain consulting
costs for significant new information technology systems and business operation integration assistance, facility moving costs,
legal fees, travel, meeting, training, marketing and communication costs that are specifically and incrementally incurred as a
result of such integration activities. Also included in integration costs are incremental salary costs specific to integration,
consolidationandclosureactivities.Othercostsconsistsprimarilyofprofessionalfeesincurredforacquisitions,costsincurredfor
businessesdivestedorclosedincurrentorpriorperiods,anyongoingfacilitiesoperatingcostsassociatedwiththeconsolidation,
relocationandclosureoffacilitiesoncesuchfacilitieshavebeenvacatedorsubstantiallyvacated,andothermiscellaneouscosts
thatrelatetorestructuring,integrationandotherexpenses.Includedinothercostsduringfiscal2016was$4.3millionofexpense
associatedwithAvnet’sestimatedenvironmentalremediationobligationsrelatedtocertainlegacymanufacturingoperationsthat
weredivestedseveraldecadesagoand$8.4millionoflegalexpensesrelatedtolawsuitsassociatedwithoperationsofanacquired
businesspriortoAvnet’sacquisition.Theremainingintegrationandothercostsinfiscal2016werecomprisedofmanydifferent
costs,noneofwhichwereindividuallymaterial.
Fiscal 2015
During fiscal 2015, the Company incurred restructuring expenses related to various restructuring actions intended to
achieveplanned synergies fromacquiredbusinesses and to reducefuture operating expenses. Thefollowingtable presents the
restructuring,integrationandotherexpensesincurredduringfiscal2015:
Year Ended
June 27, 2015
(Thousands,
except per share
data)
Restructuringexpenses $ 58,677
Integrationcosts 19,144
Othercostsincludingacquisitioncosts 13,724
Changesinestimatesforprioryearrestructuringliabilities (740)
Restructuring,integrationandotherexpensesbeforetax $ 90,805
Restructuring,integrationandotherexpensesaftertax $ 65,897
Restructuring,integrationandotherexpensespershareonadilutedbasis $ 0.47
Thefiscal2016activityrelatedtotheremainingrestructuringliabilitiesestablishedduringfiscal2015ispresentedinthe
followingtable:
   Facility  
Severance Exit Costs Total
(Thousands)
BalanceatJune27,2015 $ 11,256 $ 3,210 $ 14,466
Cashpayments  (9,842) (1,166)(11,008)
Changesinestimates,net  (2,092) (522) (2,614)
Non-cashamounts — —  —
Other,principallyforeigncurrencytranslation 2,800  (89) 2,711
BalanceatJuly2,2016 $ 2,122 $ 1,433 $ 3,555
79