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AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
part of the consolidation, relocation and closure ofwarehouse 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,
consolidationandclosureactivities.Othercostsconsistsprimarilyofprofessionalfeesincurredforacquisitions,costsincurredfor
businessesdivestedorclosedincurrentorpriorperiods,anyongoingfacilitiesoperatingcostsassociatedwiththeconsolidation,
relocationandclosureoffacilitiesoncesuchfacilitieshavebeenvacatedorsubstantiallyvacated,andothermiscellaneouscosts
thatrelatetorestructuring,integrationandotherexpenses.Includedinothercostsduringfiscal2016was$4.3millionofexpense
associatedwithAvnet’sestimatedenvironmentalremediationobligationsrelatedtocertainlegacymanufacturingoperationsthat
weredivestedseveraldecadesagoand$8.4millionoflegalexpensesrelatedtolawsuitsassociatedwithoperationsofanacquired
businesspriortoAvnet’sacquisition.Theremainingintegrationandothercostsinfiscal2016werecomprisedofmanydifferent
costs,noneofwhichwereindividuallymaterial.
Fiscal 2015
During fiscal 2015, the Company incurred restructuring expenses related to various restructuring actions intended to
achieveplanned synergies fromacquiredbusinesses and to reducefuture operating expenses. Thefollowingtable presents the
restructuring,integrationandotherexpensesincurredduringfiscal2015:
Year Ended
June 27, 2015
(Thousands,
except per share
data)
Restructuringexpenses $ 58,677
Integrationcosts 19,144
Othercostsincludingacquisitioncosts 13,724
Changesinestimatesforprioryearrestructuringliabilities (740)
Restructuring,integrationandotherexpensesbeforetax $ 90,805
Restructuring,integrationandotherexpensesaftertax $ 65,897
Restructuring,integrationandotherexpensespershareonadilutedbasis $ 0.47
Thefiscal2016activityrelatedtotheremainingrestructuringliabilitiesestablishedduringfiscal2015ispresentedinthe
followingtable:
Facility
Severance Exit Costs Total
(Thousands)
BalanceatJune27,2015 $ 11,256 $ 3,210 $ 14,466
Cashpayments (9,842) (1,166)(11,008)
Changesinestimates,net (2,092) (522) (2,614)
Non-cashamounts — — —
Other,principallyforeigncurrencytranslation 2,800 (89) 2,711
BalanceatJuly2,2016 $ 2,122 $ 1,433 $ 3,555
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