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Document and Entity Information - USD ($)	3 Months Ended
Document and Entity Information - USD ($)	Oct. 02, 2010	Oct. 22, 2010	Jan. 02, 2010
Document and Entity Information [Abstract]
Entity Registrant Name	AVNET INC
Entity Central Index Key	0000008858
Document Type	10-Q
Document Period End Date	Oct. 02, 2010
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--07-03
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 4,563,171,898
Entity Common Stock, Shares Outstanding		151,961,006

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Oct. 02, 2010	Jul. 03, 2010
Current assets:
Cash and cash equivalents	$ 661,706	$ 1,092,102
Receivables, less allowances of $95,799 and $81,197 respectively	4,415,707	3,574,541
Inventories	2,495,497	1,812,766
Prepaid and other current assets	268,026	150,759
Total current assets	7,840,936	6,630,168
Property, plant and equipment, net	346,219	302,583
Goodwill (Notes 2 and 3)	773,931	566,309
Other assets	341,651	283,322
Total assets	9,302,737	7,782,382
Current liabilities:
Borrowings due within one year (Note 4)	498,398	36,549
Accounts payable	3,454,992	2,862,290
Accrued expenses and other	647,235	540,776
Total current liabilities	4,600,625	3,439,615
Long-term debt (Note 4)	1,260,119	1,243,681
Other long-term liabilities	111,795	89,969
Total liabilities	$ 5,972,539	$ 4,773,265
Commitments and contingencies (Note 6)
Shareholders' equity (Notes 8 and 9):
Common stock $1.00 par; authorized 300,000,000 shares;issued 151,990,000 shares and 151,874,000 shares, respectively	$ 151,990	$ 151,874
Additional paid-in capital	1,213,271	1,206,132
Retained earnings	1,762,615	1,624,441
Accumulated other comprehensive income (Note 8)	203,014	27,362
Treasury stock at cost, 37,793 shares and 37,769 shares, respectively	(692)	(692)
Total shareholders' equity	3,330,198	3,009,117
Total liabilities and shareholders' equity	$ 9,302,737	$ 7,782,382

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Oct. 02, 2010	Jul. 03, 2010
Current assets:
Allowances for receivable	$ 95,799,000	$ 81,197,000
Shareholders' equity (Notes 8 and 9):
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	151,990,000	151,874,000
Treasury stock, shares	37,793	37,769

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 02, 2010	Oct. 03, 2009
Consolidated Statements of Operations [Abstract]
Sales	$ 6,182,388	$ 4,355,036
Cost of sales	5,459,243	3,855,298
Gross profit	723,145	499,738
Selling, general and administrative expenses	500,616	392,666
Restructuring, integration and other charges (Note 12)	28,067	18,072
Operating income	194,462	89,000
Other income, net	3,339	2,917
Interest expense	(22,025)	(15,282)
Gain on bargain purchase and other (Note 2)	29,023
Income before income taxes	204,799	76,635
Income tax provision	66,625	25,740
Net income	$ 138,174	$ 50,895
Net earnings per share (Note 9):
Basic	$ 0.91	$ 0.34
Diluted	$ 0.9	$ 0.33
Shares used to compute earnings per share (Note 9):
Basic	152,004	151,276
Diluted	153,646	152,635

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Oct. 02, 2010	Oct. 03, 2009
Cash flows from operating activities:
Net income	$ 138,174	$ 50,895
Non-cash and other reconciling items:
Depreciation and amortization	20,843	15,647
Deferred income taxes	(13,020)	11,757
Stock-based compensation	8,602	15,124
Gain on bargain purchase and other (Note 2)	(29,023)
Other, net	21,270	4,504
Changes in (net of effects from businesses acquired):
Receivables	(110,909)	(219,366)
Inventories	(269,768)	(135,520)
Accounts payable	130,710	312,827
Accrued expenses and other, net	(9,209)	(49,642)
Net cash flows (used for) provided by operating activities	(112,330)	6,226
Cash flows from financing activities:
Borrowings under accounts receivable securitization program (Note 4)	190,000
Repayments of notes (Note 4 )	(5,205)
Proceeds from bank debt, net (Note 4)	60,445	29,349
Proceeds from other debt, net (Note 4)	16,210	210
Other, net	82	1,873
Net cash flows provided by financing activities	261,532	31,432
Cash flows from investing activities:
Purchases of property, plant and equipment	(31,938)	(10,314)
Cash proceeds from sales of property, plant and equipment	388	1,241
Acquisitions of operations, net of cash acquired (Note 2) and other	(574,815)	(476)
Net cash flows used for investing activities	(606,365)	(9,549)
Effect of exchange rate changes on cash and cash equivalents	26,767	15,266
Cash and cash equivalents:
- (decrease) increase	(430,396)	43,375
- at beginning of period	1,092,102	943,921
- at end of period	$ 661,706	$ 987,296

Acquisitions

3 Months Ended

Oct. 02, 2010

Acquisitions [Abstract]

Acquisitions

2. Acquisitions

During the first quarter of fiscal 2011, the Company acquired three businesses: Bell Microproducts Inc. (“Bell”), which is described further below; Tallard Technologies, a value-added distributor of IT solutions in Latin America with annualized revenues of approximately $250 million, which is reported as part of the TS Americas region; and Unidux, Inc., (“Unidux”) an electronics component distributor in Japan with annualized revenues of approximately $370 million, which is reported as part of the EM Asia region.

Unidux, a Japanese publicly traded company, was acquired through a tender offer in which the Company obtained over 95% controlling interest. The non-controlling interest was recorded at fair value but was not material. The acquisition of the non-controlling interest in Unidux is expected to be completed during the second quarter of fiscal 2011. As mentioned, Unidux was a publicly traded company which shares were trading below its book value for a period of time. In the tender offer, Avnet offered a purchase price per share for Unidux that was above the prevailing trading price and represented a premium to recent trading levels. Even though the purchase price was below book value, 95% of the Unidux shareholders tendered their shares. As a result, the Company recognized a gain on bargain purchase of $30,990,000 pre- and after tax and $0.20 per share on a diluted basis. Prior to recognizing the gain, the Company reassessed the assets acquired and liabilities assumed in the acquisition.

During fiscal 2011, the Company recognized restructuring and integration charges, and transaction and other costs associated with the acquisitions, all of which were recognized in the consolidated statement of operations and are described further in Note 12.

Bell

On July 6, 2010, subsequent to fiscal year 2010, the Company completed its previously announced acquisition of Bell, a value-added distributor of storage and server products and solutions and computer components products, providing integration and support services to OEMs, VARs, system builders and end users in the US, Canada, EMEA and Latin America. Bell operated both a distribution and single tier reseller business and generated sales of approximately $3.0 billion in calendar 2009, of which 42%, 41% and 17% was generated in North America, EMEA and Latin America, respectively. The consideration for the transaction totaled $255,691,000 which consisted of $7.00 cash per share of Bell common stock, cash payment for Bell equity awards, and cash payments required under existing Bell change of control agreements, plus the assumption of $323,321,000 of Bell net debt. Of the debt acquired, Avnet repaid approximately $209,651,000 of debt immediately after closing. The Company is integrating Bell into both the EM and TS operating groups and expects significant cost saving synergies upon completion of the integration activities, which are anticipated to be completed by the end of fiscal 2011.

Preliminary allocation of purchase price

The Bell acquisition is accounted for as a purchase business combination. Assets acquired and liabilities assumed are recorded in the accompanying consolidated balance sheet at their estimated fair values, using management’s estimates and assumptions, as of July 6, 2010 (see following table). The Company has not yet completed its evaluation of the fair value of certain assets and liabilities acquired, primarily (i) the final valuation of amortizable intangible assets identified as a result of the acquisition (see Note 3), (ii) certain contingent liabilities associated with the former Bell Latin America business, one of which relates to potential unpaid import duties and associated penalties for periods prior to the acquisition by Avnet, and (iii) the final valuation of certain income tax accounts. The Company expects these final valuations will be completed in fiscal 2011 which may result in adjustments to the preliminary values presented in the following table.


	July 6, 2010
	(Thousands)
Current assets	$	711,228
Property, plant and equipment		12,873
Goodwill		188,371
Estimated intangible asset		75,000
Other assets		36,836

Total assets acquired		1,024,308

Current liabilities, excluding current portion of long-term debt		379,946
Long-term liabilities		30,218
Total debt		358,453

Total liabilities assumed		768,617

Net assets acquired	$	255,691

Approximately $22,000,000 of goodwill associated with the Bell acquisition is expected to be deductible for tax purposes.

Management believes significant synergies can be obtained in the combined business of Avnet and Bell, thus allowing for operating cost reductions upon completion of the integration of Bell which was a primary driver of the excess of purchase price paid over the value of assets and liabilities acquired.

The Company recognized certain contingent liabilities as part of the purchase price allocation which were recorded to the extent the amounts were probable and reasonably estimable because the fair value was not determinable. The total preliminary contingent liabilities recorded were not significant. As mentioned previously, certain contingent liabilities are still being evaluated from information available in order to determine if an amount that is reasonably possible should be recorded. As a result, since amounts have not yet been recorded, it is possible that adjustments may be recorded in future quarters during fiscal 2011. In addition, the Company acquired accounts receivable which were recorded at the estimated fair value amounts; however, adjustments to acquired amounts were not significant as book value approximated fair value due to the short term nature of accounts receivables. The gross amount of accounts receivable acquired was $381,805,000 and the fair value recorded was $363,524,000, which is expected to be collected.

Pro forma results

Unaudited pro forma financial information is presented below as if the acquisition of Bell occurred at the beginning of fiscal 2010. The pro forma information presented below does not purport to present what actual results would have been had the acquisition in fact occurred at the beginning of fiscal 2010, nor does the information project results for any future period.


	Pro Forma Results
	First Quarter Ended
	October 3, 2009
	(Thousands, except
	per share data)
Pro forma sales	$	5,120,192
Pro forma operating income		91,098
Pro forma net income		47,863

Pro forma diluted earnings per share	$	0.31

The combined results for Avnet and Bell for the first quarter ended fiscal 2010 were adjusted for the following in order to create the pro forma results in the table above:

•

$2,500,000 pre-tax, $1,529,000 after-tax, or $0.01 per diluted share, of intangible asset amortization related to the preliminary determination of fair value of the intangible asset associated with the Bell acquisition; and

•

$5,181,000 pre-tax, $3,168,000 after tax, or $0.02 per diluted share for Bell transaction costs that were expensed upon closing.

Pro forma results above exclude any benefits that may result from the acquisition due to synergies that were derived from the elimination of any duplicative costs and lower interest costs.

Pro forma financial information is not presented for fiscal 2011 because the Bell acquisition occurred on July 6, 2010, which is three days after the beginning of the Company’s fiscal year 2011. As a result, the accompanying consolidated statement of operations for the first quarter of fiscal 2011 included sales of $781,135,000 related to the acquired Bell business. Currently, the Company is in the process of integrating the Bell business into the Avnet existing business, which includes IT systems integration, and administrative, sales and logistics operations integrations. As a result, after the first quarter of fiscal 2011, the Company will not be able to identify the acquired Bell business separately from the on-going Avnet business.

Prior year acquisition-related exit activity accounted for in purchase accounting

Prior to fiscal 2010, certain restructuring charges were recognized as part of purchase accounting under previous accounting standards. During fiscal 2007 and 2006, the Company recorded certain exit-related liabilities through purchase accounting which consisted of severance for workforce reductions, non-cancelable lease commitments and lease termination charges for leased facilities, and other contract termination costs associated with the exit activities. During the first quarter of fiscal 2011, the Company paid $153,000 in cash associated with these reserves and, as of October 2, 2010, the total remaining reserve was $5,391,000 which related primarily to facility exit costs and other contractual lease obligations which management expects to be substantially utilized by fiscal 2013.

Goodwill and intangible assets

3 Months Ended

Oct. 02, 2010

Goodwill and intangible assets [Abstract]

Goodwill and intangible assets

3. Goodwill and intangible assets

The following table presents the carrying amount of goodwill, by reportable segment, for the three months ended October 2, 2010:


	Electronics		Technology
	Marketing		Solutions		Total
	(Thousands)
Carrying value at July 3, 2010	$	242,626	$	323,683	$	566,309
Additions		51,312		145,776		197,088
Foreign currency translation		5,577		4,957		10,534

Carrying value at October 2, 2010	$	299,515	$	474,416	$	773,931

The goodwill additions are a result of the Bell and Tallard acquisitions that occurred in the first quarter of fiscal 2011 (see Note 2). The Unidux acquisition resulted in $30,990,000 of negative goodwill which was recognized in “Gain on bargain purchase and other” on the consolidated statement of operations.

The following table presents the gross amount of goodwill and accumulated impairment since fiscal 2009 as of July 3, 2010 and October 2, 2010. All of the accumulated impairment was recognized in fiscal 2009.


	Electronics			Technology
	Marketing			Solutions			Total
	(Thousands)
Gross goodwill at July 3, 2010	$	1,287,736		$	658,307		$	1,946,043
Accumulated impairment		(1,045,110	)		(334,624	)		(1,379,734	)

Carrying value at July 3, 2010	$	242,626		$	323,683		$	566,309


Gross goodwill at October 2, 2010	$	1,344,625		$	809,040		$	2,153,665
Accumulated impairment		(1,045,110	)		(334,624	)		(1,379,734	)

Carrying value at October 2, 2010	$	299,515		$	474,416		$	773,931

As described in Note 2, the Company has not yet completed its evaluation of the intangible asset related to the Bell acquisition. However, in the first quarter of fiscal 2011, the Company recognized a preliminary estimate of $75,000,000 for a customer relationship intangible asset. The final determination is expected to be completed in the second quarter of fiscal 2011.

As of October 2, 2010, “Other assets” included customer relationship intangible assets with a carrying value of $127,261,000; consisting of $160,094,000 in original cost value and $32,833,000 of accumulated amortization and foreign currency translation. These assets are being amortized over a weighted average life of nine years. Intangible asset amortization expense was $5,008,000 and $2,175,000 for the first quarter of fiscal 2011 and 2010, respectively. Amortization expense for fiscal 2012 through 2015 is expected to be approximately $16,000,000 each year and $14,000,000 for fiscal 2016.

External financing

3 Months Ended

Oct. 02, 2010

External financing [Abstract]

External financing

4. External financing

Short-term debt consists of the following:


	October 2,		July 3,
	2010		2010
	(Thousands)
Bank credit facilities	$	144,467	$	35,617
Borrowings under the accounts receivable securitization program		190,000		—
3.75% Notes due March 2024 (redeemable in March 2011)		104,795		—
Other debt due within one year		59,136		932

Short-term debt	$	498,398	$	36,549

Bank credit facilities consist of various committed and uncommitted lines of credit with financial institutions utilized primarily to support the working capital requirements of foreign operations. The weighted average interest rate on the outstanding bank credit facilities was 2.4% at October 2, 2010 and 4.0% at July 3, 2010. In connection with the first quarter fiscal 2011 acquisitions (see Note 2), the Company acquired debt of $420,259,000, of which $211,933,000 was repaid at the acquisition dates. As of the end of the first quarter of fiscal 2011, the outstanding balances associated with the acquired debt and credit facilities consisted of $67,876,000 in bank credit facilities and other debt primarly used to support the acquired foreign operations and $104,795,000 of 3.75% Notes due March 2024.

Prior to the Bell acquisition, the 3.75% Notes were convertible into Bell common stock; however, as a result of the acquisition, the debt is no longer convertible into shares. Under the terms of the 3.75% Notes, the Company may redeem some or all of the 3.75% Notes for cash anytime on or after March 5, 2011 and the note holders may require the Company to purchase for cash some or all of the 3.75% Notes on March 5, 2011, March 5, 2014 or March 5, 2019 at a redemption price equal to 100% of the principal amount plus interest. During the first quarter of fiscal 2011, the Company issued a tender offer for the 3.75% Notes for which $5,205,000 was tendered and paid in September 2010. As the note holders may require the Company to repurchase all of the remaining 3.75% Notes in March 2011 for cash, the debt has been classified as short-term.

During the first quarter of fiscal 2011, the Company amended its accounts receivable securitization program (the “Program”) with a group of financial institutions to allow the Company to sell, on a revolving basis, an undivided interest of up to $600,000,000 ($450,000,000 prior to the amendment) in eligible receivables while retaining a subordinated interest in a portion of the receivables. The Program does not qualify for sale treatment and, as a result, any borrowings under the Program are recorded as debt on the consolidated balance sheet. The Program contains certain covenants, all of which the Company was in compliance with as of October 2, 2010. The Program has a one year term that expires in August 2011. There were $190,000,000 in borrowings outstanding under the Program at October 2, 2010. There were no borrowings outstanding at July 3, 2010.

Long-term debt consists of the following:


	October 2,			July 3,
	2010			2010
	(Thousands)

5.875% Notes due March 15, 2014	$	300,000		$	300,000
6.00% Notes due September 1, 2015		250,000			250,000
6.625% Notes due September 15, 2016		300,000			300,000
5.875% Notes due June 15, 2020		300,000			300,000
Other long-term debt		113,522			97,217

Subtotal		1,263,522			1,247,217
Discount on notes		(3,403	)		(3,536	)

Long-term debt	$	1,260,119		$	1,243,681

The Company has a five-year $500,000,000 unsecured revolving credit facility (the “Credit Agreement”) with a syndicate of banks which expires in September 2012. Under the Credit Agreement, the Company may elect from various interest rate options, currencies and maturities. The Credit Agreement contains certain covenants, all of which the Company was in compliance with as of October 2, 2010. At October 2, 2010, there were $110,189,000 in borrowings outstanding under the Credit Agreement included in “other long-term debt” in the preceding table. In addition, there were $9,154,000 in letters of credit issued under the Credit Agreement which represent a utilization of the Credit Agreement capacity but are not recorded in the consolidated balance sheet as the letters of credit are not debt. At July 3, 2010, there were $93,682,000 in borrowings outstanding under the Credit Agreement and $8,597,000 in letters of credit issued under the Credit Agreement.

At October 2, 2010, the carrying value and fair value of the Company’s debt was $1,758,517,000 and $1,880,406,000, respectively. Fair value was estimated primarily based upon quoted market prices.

Derivative financial instruments	3 Months Ended
Derivative financial instruments	Oct. 02, 2010
Derivative financial instruments [Abstract]
Derivative financial instruments	5. Derivative financial instruments Many of the Company’s subsidiaries, on occasion, purchase and sell products in currencies other than their functional currencies. This subjects the Company to the risks associated with fluctuations in foreign currency exchange rates. The Company reduces this risk by utilizing natural hedging (i.e. offsetting receivables and payables) as well as by creating offsetting positions through the use of derivative financial instruments, primarily forward foreign exchange contracts with maturities of less than sixty days. The Company continues to have exposure to foreign currency risks to the extent they are not hedged. The Company adjusts all foreign denominated balances and any outstanding foreign exchange contracts to fair market value through the consolidated statements of operations. Therefore, the market risk related to the foreign exchange contracts is offset by the changes in valuation of the underlying items being hedged. The asset or liability representing the fair value of foreign exchange contracts, based upon level 2 criteria under the fair value measurements standard, is classified in the captions “other current assets” or “accrued expenses and other,” as applicable, in the accompanying consolidated balance sheets and were not material. In addition, the Company did not have material gains or losses related to the forward contracts which are recorded in “other income, net” in the accompanying consolidated statements of operations. The Company generally does not hedge its investment in its foreign operations. The Company does not enter into derivative financial instruments for trading or speculative purposes and monitors the financial stability and credit standing of its counterparties.

Segment information

3 Months Ended

Oct. 02, 2010

Segment information [Abstract]

Segment information

11. Segment information


	First Quarters Ended
	October 2,			October 3,
	2010			2009
	(Thousands)
Sales:
Electronics Marketing	$	3,620,604		$	2,438,081
Technology Solutions		2,561,784			1,916,955

	$	6,182,388		$	4,355,036


Operating income (loss):
Electronics Marketing	$	192,084		$	81,411
Technology Solutions		56,689			51,398
Corporate		(26,244	)		(25,737	)

		222,529			107,072
Restructuring, integration and other charges (Note 12)		(28,067	)		(18,072	)

	$	194,462		$	89,000


Sales, by geographic area:
Americas ⁽¹⁾	$	2,721,214		$	1,919,127
EMEA ⁽²⁾		1,887,504			1,347,315
Asia/Pacific ⁽³⁾		1,573,670			1,088,594

	$	6,182,388		$	4,355,036


⁽¹⁾		Includes sales in the United States of $2.4 billion and $1.7 billion for the quarters ended October 2, 2010 and October 3, 2009, respectively.

⁽²⁾		Includes sales in Germany and United Kingdom of $700.1 million and $425.8 million, respectively, for the quarter ended October 2, 2010, and $466.1 million and $284.8 million, respectively, for the quarter ended October 3, 2009.

⁽³⁾		Includes sales in Taiwan, China (including Hong Kong) and Singapore of $443.1 million, $590.9 million and $287.7 million, respectively, for the quarter ended October 2, 2010 and $318.9 million, $417.6 million and $231.2 million, respectively, for the quarter ended October 3, 2009.


	October 2,		July 3,
	2010		2010
	(Thousands)
Assets:
Electronics Marketing	$	5,529,319	$	4,441,758
Technology Solutions		3,481,530		2,553,844
Corporate		291,888		786,780

	$	9,302,737	$	7,782,382


Property, plant, and equipment, net, by geographic area
Americas ⁽⁴⁾	$	202,771	$	182,231
EMEA ⁽⁵⁾		118,546		98,460
Asia/Pacific		24,902		21,892

	$	346,219	$	302,583


⁽⁴⁾		Includes property, plant and equipment, net, of $194.1 million and $178.2 million as of October 2, 2010 and July 3, 2010, respectively, in the United States.

⁽⁵⁾		Includes property, plant and equipment, net, of $61.2 million, $22.1 million and $17.2 million in Germany, Belgium and the United Kingdom, respectively, as of October 2, 2010 and $48.0 million, $20.4 million and $13.4 million, respectively, as of July 3, 2010.

Restructuring, integration and other charges

3 Months Ended

Oct. 02, 2010

Restructuring, integration and other charges [Abstract]

Restructuring, integration and other charges

12. Restructuring, integration and other charges

Fiscal 2011

During the first quarter of fiscal 2011, the Company incurred charges related to the acquisition and integration activities associated with acquired businesses.


	Quarter ended
	October 2, 2010
	(Thousands)
Restructuring charges	$	10,704
Transaction costs		10,762
Integration costs		7,322
Reversal of excess prior year restructuring reserves		(721	)

Total restructuring, integration and other charges	$	28,067

The activity related to the restructuring charges incurred during the first quarter of fiscal 2011 is presented in the following table:


	Severance			Facility
	Reserves			Exit Costs			Total
	(Thousands)
Fiscal 2011 pre-tax charges	$	8,279		$	2,425		$	10,704
Amounts utilized		(3,921	)		(378	)		(4,299	)
Other, principally foreign currency translation		100			196			296

Balance at October 2, 2010	$	4,458		$	2,243		$	6,701

Severance charges recorded in the first quarter of fiscal 2011 related to personnel reductions of over 140 employees in administrative, finance and sales functions primarily in connection with the integration of the acquired Bell business into the existing EM Americas, TS Americas and TS EMEA regions. Of the $10,704,000 pre-tax restructuring charges, $6,170,000 related to EM and $4,534,000 related to TS. Facility exit costs consisted of lease liabilities and fixed asset write-downs associated with 11 vacated facilities in the Americas, two in EMEA and two in the Asia/Pac region. Cash payments of $4,247,000 are reflected in the amounts utilized during the first quarter of fiscal 2011 and the remaining amounts were related to non-cash asset write downs. As of October 2, 2010, management expects the majority of the remaining severance reserves to be utilized by the end of fiscal 2011 and the remaining facility exit cost reserves to be utilized by the end of fiscal 2014.

Transaction costs incurred during the first quarter of fiscal 2011 related primarily to professional fees for advisory and broker services and legal and accounting due diligence procedures and other legal costs associated with acquisitions.

Integration costs included certain professional fees, facility moving costs, travel, meeting, marketing and communication costs that were incrementally incurred as a result of the integration efforts of acquired businesses. Also included in integration costs are incremental salary and employee benefit costs, primarily of the acquired businesses’ personnel who were retained by Avnet for extended periods following the close of the acquisitions solely to assist in the integration of the acquired business’ IT systems, and administrative and logistics operations into those of Avnet. These identified personnel have no other meaningful day-to-day operational responsibilities outside of the integration effort.

Fiscal 2010

During fiscal 2010, the Company incurred restructuring, integration and other charges related to the remaining cost reduction actions announced in fiscal 2009, which were taken in response to market conditions, as well as integration costs associated with acquired businesses. The following table presents the activity during the first quarter of fiscal 2011 related to the remaining restructuring reserves established during fiscal 2010.


	Severance			Facility
	Reserves			Exit Costs			Other		Total
	(Thousands)
Balance at July 3, 2010	$	539		$	1,405		$	1,836	$	3,780
Amounts utilized		(214	)		(128	)		—		(342	)
Adjustments		(90	)		(271	)		—		(361	)
Other, principally foreign currency translation		30			6			28		64

Balance at October 2, 2010	$	265		$	1,012		$	1,864	$	3,141

The amounts utilized during the first quarter of fiscal 2011 represent cash payments. As of October 2, 2010, management expects the majority of the remaining severance and other reserves to be utilized by the end of fiscal 2011 and the remaining facility exit cost reserves to be utilized by the end of fiscal 2013.

Fiscal 2009

During fiscal 2009, the Company incurred restructuring, integration and other charges related to cost reduction actions, costs for integration activity for acquired businesses and other items. The following table presents the activity during the first quarter of fiscal 2011 related to the remaining restructuring reserves established during fiscal 2009.


	Severance			Facility
	Reserves			Exit Costs			Other			Total
	(Thousands)
Balance at July 3, 2010	$	1,920		$	17,136		$	1,634		$	20,690
Amounts utilized		(1,107	)		(1,676	)		(1	)		(2,784	)
Adjustments		(58	)		(340	)		—			(398	)
Other, principally foreign currency translation		102			162			251			515

Balance at October 2, 2010	$	857		$	15,282		$	1,884		$	18,023

The amounts utilized during the first quarter of fiscal 2011 represent cash payments. Management expects the majority of the remaining severance and other reserves to be utilized by the end of fiscal 2012 and the remaining facility exit cost reserves to be utilized by the end of fiscal 2015.

Fiscal 2008 and prior restructuring reserves

In fiscal year 2008 and prior, the Company incurred restructuring charges under five separate restructuring plans. As of October 2, 2010, the remaining reserves associated with these actions totaled $1,111,000 which are expected to be fully utilized by the end of fiscal 2012.

Basis of Presentation	3 Months Ended
Basis of Presentation	Oct. 02, 2010
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of presentation In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all adjustments necessary to present fairly the Company’s financial position, results of operations and cash flows. All such adjustments are of a normal recurring nature, except for (i) the gain on bargain purchase discussed in Note 2 and (ii) the restructuring, integration and other charges discussed in Note 12. The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Actual results may differ from these estimates. The Company operates on a “52/53 week” fiscal year, and as a result, the quarter ended October 2, 2010 contained thirteen weeks while the quarter ended October 3, 2009 contained fourteen weeks. Interim results of operations are not necessarily indicative of the results to be expected for the full fiscal year. The information included in this Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 3, 2010.

Commitments and contingencies	3 Months Ended
Commitments and contingencies	Oct. 02, 2010
Commitments and contingencies [Abstract]
Commitments and contingencies	6. Commitments and contingencies From time to time, the Company may become a party to, or otherwise involved in pending and threatened litigation, tax, environmental and other matters arising in the ordinary course of conducting its business. Management does not anticipate that any contingent matters will have a material adverse effect on the Company’s financial condition, liquidity or results of operations.