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Document and Entity Information Document - shares	6 Months Ended
Document and Entity Information Document - shares	Dec. 27, 2014	Jan. 15, 2015
Entity Information [Line Items]
Entity Registrant Name	AVNET INC
Entity Central Index Key	0000008858
Current Fiscal Year End Date	--06-27
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 27, 2014
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		136,374,984

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 27, 2014	Jun. 28, 2014
Current assets:
Cash and cash equivalents	$ 903,331	$ 928,971
Receivables, less allowances of $94,327 and $96,382, respectively	5,696,642	5,220,528
Inventories	2,493,576	2,613,363
Prepaid and other current assets	196,111	191,337
Total current assets	9,289,660	8,954,199
Property, plant and equipment, net	541,904	534,999
Goodwill	1,298,805	1,348,468
Intangible assets, net	152,265	184,308
Other assets	208,460	233,543
Total assets	11,491,094	11,255,517
Current liabilities:
Short-term debt	409,184	865,088
Accounts payable	3,850,295	3,402,369
Accrued expenses and other	672,576	711,369
Total current liabilities	4,932,055	4,978,826
Long-term debt	1,692,307	1,213,814
Other liabilities	161,802	172,684
Total liabilities	6,786,164	6,365,324
Commitments and contingencies (Note 6)
Shareholders’ equity:
Common stock $1.00 par; authorized 300,000,000 shares; issued 135,888,295 shares and 138,285,825 shares, respectively	135,888	138,286
Additional paid-in capital	1,391,463	1,355,663
Retained earnings	3,399,098	3,257,407
Accumulated other comprehensive (loss) income	(220,955)	139,512
Treasury stock at cost, 34,288 shares and 36,836 shares, respectively	(564)	(675)
Total shareholders’ equity	4,704,930	4,890,193
Total liabilities and shareholders’ equity	$ 11,491,094	$ 11,255,517

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 27, 2014	Jun. 28, 2014
Current assets:
Allowance for Doubtful Accounts Receivable, Current	$ 94,327	$ 96,382
Stockholders' equity:
Common Stock, Par Value	$ 1	$ 1
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	135,888,295	138,285,825
Treasury Stock, Shares	34,288	36,836

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Income Statement [Abstract]
Sales	$ 7,551,880	$ 7,421,854	$ 14,391,466	$ 13,767,329
Cost of sales	6,714,374	6,573,221	12,758,497	12,183,526
Gross profit	837,506	848,633	1,632,969	1,583,803
Selling, general and administrative expenses	573,962	598,619	1,157,908	1,142,703
Restructuring, integration and other expenses	13,257	28,442	31,577	40,541
Operating income	250,287	221,572	443,484	400,559
Other income (expense), net	(5,524)	(4,794)	(7,017)	(3,999)
Interest expense	(24,666)	(28,226)	(48,066)	(55,203)
Gain on legal settlement (Note 6)	0	0	0	19,137
Income before income taxes	220,097	188,552	388,401	360,494
Income tax expense	56,391	63,688	96,749	115,006
Net income	$ 163,706	$ 124,864	$ 291,652	$ 245,488
Earnings per share:
Basic	$ 1.20	$ 0.91	$ 2.12	$ 1.78
Diluted	$ 1.18	$ 0.89	$ 2.08	$ 1.75
Shares used to compute earnings per share:
Basic	136,541	137,702	137,425	137,558
Diluted	138,972	140,144	139,911	139,934
Cash dividends paid per common share	$ 0.16	$ 0.15	$ 0.32	$ 0.30

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Net income	$ 163,706	$ 124,864	$ 291,652	$ 245,488
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments and other	(158,303)	16,050	(364,036)	107,997
Pension adjustments, net	1,784	3,228	3,569	3,295
Total comprehensive income (loss)	$ 7,187	$ 144,142	$ (68,815)	$ 356,780

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Cash flows from operating activities:
Net income	$ 291,652	$ 245,488
Non-cash and other reconciling items:
Depreciation	46,972	44,731
Amortization	21,990	20,903
Deferred income taxes	15,275	11,925
Stock-based compensation	36,130	28,940
Other, net	34,523	51,616
Changes in (net of effects from businesses acquired):
Receivables	(711,060)	(771,728)
Inventories	(5,957)	(158,470)
Accounts payable	583,337	348,521
Accrued expenses and other, net	(88,438)	23,875
Net cash flows provided (used) for operating activities	224,424	(154,199)
Cash flows from financing activities:
Borrowings under accounts receivable securitization program, net	77,000	60,000
(Repayments) borrowings of bank and other debt, net	(37,414)	55,436
Repurchases of common stock (Note 9)	(109,129)	0
Dividends paid on common stock	(43,875)	(41,263)
Other, net	(5,439)	4,293
Net cash flows (used) provided by financing activities	(118,857)	78,466
Cash flows from investing activities:
Purchases of property, plant and equipment	(83,642)	(47,024)
Acquisitions of businesses, net of cash acquired	0	(116,882)
Other, net	(8,795)	1,800
Net cash flows used for investing activities	(92,437)	(162,106)
Effect of exchange rate changes on cash and cash equivalents	(38,770)	7,827
Cash and cash equivalents:
— (decrease)	(25,640)	(230,012)
— at beginning of period	928,971	1,009,343
— at end of period	$ 903,331	$ 779,331

Basis of presentation and new accounting pronouncements	6 Months Ended
Basis of presentation and new accounting pronouncements	Dec. 27, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation and new accounting pronouncements	Basis of presentation and new accounting pronouncements In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all adjustments necessary to present fairly Avnet, Inc.'s and its consolidated subsidiaries' (the “Company” or “Avnet”) financial position, results of operations, comprehensive income and cash flows. All such adjustments are of a normal recurring nature. The preparation of financial statements in accordance with generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Actual results may differ from these estimates. 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 June 28, 2014. New accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), to supersede nearly all existing revenue recognition guidance under GAAP. The core principles of ASU 2014-09 are to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. Application of the requirements of ASU 2014-09 may require more judgment and estimates within the revenue recognition process compared to existing GAAP. ASU 2014-09 is effective for the Company in the first quarter of fiscal 2018 using either of two acceptable adoption methods: (i) retrospective adoption to each prior reporting period presented with the option to elect certain practical expedients as defined within ASU 2014-09; or (ii) adoption with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application and providing certain additional disclosures as defined within ASU 2014-09. The Company is currently evaluating the potential impact of the future adoption of ASU 2014-09 on its consolidated financial statements, including the method of adoption to be used. During the six months ended December 27, 2014 there have been no new accounting pronouncements that are expected to significantly impact the Company's consolidated financial statements.

Acquisitions and divestitures

6 Months Ended

Dec. 27, 2014

Business Combinations [Abstract]

Acquisitions and divestitures

During fiscal 2014, the Company completed three acquisitions with historical annualized revenue of approximately $492.0 million. Cash paid for acquisitions during the first six months of fiscal 2014 was $116.9 million, net of cash acquired. The Company has not disclosed the pro-forma impact of the fiscal 2014 acquisitions as such impact was not material to the Company's consolidated financial position or results of operations.

The aggregate consideration, excluding cash acquired, for the fiscal 2014 acquisitions was $219.7 million, which consisted of the following (in thousands):



Cash paid	$	181,645
Contingent consideration	38,081
Total	$	219,726

The contingent consideration arrangements stipulate that the Company pay up to a maximum of approximately $50.0 million of additional consideration to the former shareholders of the acquired businesses based upon the achievement of certain future operating results. The Company estimated the fair value of the contingent consideration of $38.1 million using an income approach, which is based on significant inputs, primarily forecasted future operating results of the acquired businesses, not observable in the market and thus represents a Level 3 measurement as defined in ASC 820. The Company adjusts the fair value of contingent consideration through operating expenses if there are changes to the inputs used in the income approach and as a result of the passage of time.

During the first six months of fiscal 2015 there were no material measurement period adjustments for the fiscal 2014 acquisitions. The Company recognized restructuring, integration, and other expenses associated with the fiscal 2014 acquisitions, which are described further in Note 13.

Goodwill and intangible assets

6 Months Ended

Dec. 27, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets disclosures

Goodwill and intangible assets

Goodwill

The following table presents the change in goodwill by reportable segment for the six months ended December 27, 2014. All of the accumulated impairment was recognized in fiscal 2009.



	Electronics Marketing			Technology Solutions			Total
	(Thousands)
Gross goodwill	$	1,713,567		$	1,014,635		$	2,728,202
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at June 28, 2014	668,457			680,011			1,348,468
Additions	—			—			—
Adjustments	539			7			546
Foreign currency translation	(24,012		)	(26,197		)	(50,209		)
Carrying value at December 27, 2014	$	644,984		$	653,821		$	1,298,805

Gross goodwill	$	1,690,094		$	988,445		$	2,678,539
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at December 27, 2014	$	644,984		$	653,821		$	1,298,805

The goodwill additions are a result of businesses acquired (see Note 2) and goodwill adjustments represent the net measurement period adjustments for acquisitions during the related measurement periods.

Intangible Assets

The following table presents the Company’s acquired intangible assets at December 27, 2014 and June 28, 2014, respectively. These intangible assets have a weighted average remaining useful life of approximately 6 years.



	December 27, 2014							June 28, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
	(Thousands)
Customer related	$	302,591	$	(168,624	)	$	133,967	$	319,496	$	(155,604	)	$	163,892
Trade name	5,506		(1,578		)	3,928		5,993		(1,555		)	4,438
Other	17,206		(2,836		)	14,370		18,833		(2,855		)	15,978
	$	325,303	$	(173,038	)	$	152,265	$	344,322	$	(160,014	)	$	184,308

Intangible asset amortization expense was $10.4 million and $12.5 million for the second quarters of fiscal 2015 and 2014, respectively, and $22.0 million and $20.9 million for the first six months of fiscal 2015 and 2014, respectively. The following table presents the estimated future amortization expense for the remainder of fiscal 2015, the next five fiscal years and thereafter (in thousands):



Fiscal Year
Remainder of fiscal 2015	$	21,392
2016	32,780
2017	30,855
2018	22,384
2019	18,789
2020	14,672
Thereafter	11,393
Total	$	152,265

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt financing

6 Months Ended

Dec. 27, 2014

Debt Disclosure [Abstract]

Debt financing

Debt

Short-term debt consists of the following (in thousands):



	December 27, 2014	June 28, 2014	December 27, 2014		June 28, 2014
	Interest Rate		Carrying Balance
Bank credit facilities and other	4.42%	3.20%	$	159,184	$	250,088
Accounts receivable securitization program	—	0.60%	—		615,000
Notes due September 1, 2015	6.00%	—	250,000		—
Short-term debt			$	409,184	$	865,088

Bank credit facilities and other consists of various committed and uncommitted lines of credit and other forms of bank debt with financial institutions utilized primarily to support the working capital requirements of foreign operations.

Long-term debt consists of the following (in thousands):



	December 27, 2014	June 28, 2014	December 27, 2014			June 28, 2014
	Interest Rate		Carrying Balance
Revolving credit facilities:
Accounts receivable securitization program	0.56%	—	$	692,000		$	—
2014 Credit Facility	3.55%	—	50,000			—
2012 Credit Facility	—	3.55%	—			12,000
Notes due:
September 1, 2015	—	6.00%	—			250,000
September 15, 2016	6.63%	6.63%	300,000			300,000
June 15, 2020	5.88%	5.88%	300,000			300,000
December 1, 2022	4.88%	4.88%	350,000			350,000
Other long-term debt	1.44%	1.40%	2,104			3,867
Long-term debt before discount			1,694,104			1,215,867
Discount on Notes			(1,797		)	(2,053		)
Long-term debt			$	1,692,307		$	1,213,814

In August 2014, the Company amended and extended its accounts receivable securitization program (the “Program”) with a group of financial institutions to allow the Company to transfer, on an ongoing revolving basis, an undivided interest in a designated pool of accounts receivable, to provide security or collateral for borrowings up to a maximum of $900.0 million. The Program does not qualify for sale accounting treatment and, as a result, any borrowings under the Program are recorded as debt on the consolidated balance sheets. Under the Program, the Company legally isolates certain U.S. trade receivables into a wholly-owned bankruptcy remote special purpose entity. Such isolated receivables, which are recorded within “Receivables” in the consolidated balance sheets, totaled $1.65 billion at December 27, 2014 and June 28, 2014. The Program contains certain covenants relating to the quality of the receivables sold. The Program also requires the Company to maintain certain minimum interest coverage and leverage ratios, which the Company was in compliance with as of December 27, 2014. The Program has a two-year term that expires in August 2016. As a result of the two-year term, outstanding borrowings under the Program are classified as long-term debt at December 27, 2014. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread of 0.38%. The facility fee is 0.38%.

In July 2014, the Company terminated its existing Credit Facility (the "2012 Credit Facility") and entered into a five-year $1.25 billion senior unsecured revolving credit facility (the “2014 Credit Facility”) with a syndicate of banks, consisting of revolving credit facilities and the issuance of up to $150.0 million of letters of credit, which expires in July 2019. Under the 2014 Credit Facility, the Company may select from various interest rate options, currencies and maturities. The 2014 Credit Facility contains certain covenants including various limitations on debt incurrence, share repurchases, dividends, investments and capital expenditures. The 2014 Credit Facility also includes financial covenants requiring the Company to maintain minimum interest coverage and leverage ratios, which the Company was in compliance with as of December 27, 2014. At December 27, 2014, there were $2.0 million in letters of credit issued under the 2014 Credit Facility. At June 28, 2014, there were $2.0 million in letters of credit issued under the 2012 Credit Facility.

At December 27, 2014, the carrying value and fair value of the Company’s total debt was $2.10 billion and $2.19 billion, respectively. At June 28, 2014, the carrying value and fair value of the Company's total debt was $2.08 billion and $2.19 billion, respectively. Fair value was estimated primarily based upon quoted market prices.

Derivative financial instruments	6 Months Ended
Derivative financial instruments	Dec. 27, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative instruments and hedging activites disclosure	Derivative financial instruments Many of the Company’s subsidiaries 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 typically with maturities of less than sixty days (“economic hedges”). The Company continues to have exposure to foreign currency risks to the extent they are not hedged. The Company adjusts any economic hedges to fair value through the consolidated statements of operations primarily within “other income (expense), net.” Therefore, the changes in valuation of the underlying items being economically hedged are offset by the changes in fair value of the forward foreign exchange contracts. The fair value of forward foreign exchange contracts, which are based upon Level 2 criteria under the ASC 820 fair value hierarchy, are classified in the captions “other current assets” or “accrued expenses and other,” as applicable, in the accompanying consolidated balance sheets and were not material as of December 27, 2014 and June 28, 2014. The Company did not have material gains or losses related to the forward foreign exchange contracts during the second quarters and first six months of fiscal 2015 and fiscal 2014. The Company generally does not hedge its investments 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.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 4A
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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+ Details

Commitments and contingencies	6 Months Ended
Commitments and contingencies	Dec. 27, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Bell During fiscal 2011, the Company recognized a contingent liability for potential unpaid import duties associated with the acquisition of Bell Microproducts Inc. (“Bell”). Prior to the acquisition of Bell by Avnet, Customs and Border Protection (“CBP”) initiated a review of the importing process at one of Bell’s subsidiaries and identified compliance deficiencies. Subsequent to the acquisition of Bell by Avnet, CBP began a compliance audit. The Company evaluated projected duties, interest and penalties that potentially may be imposed as a result of the audit and recognized a contingent liability of $10.0 million which was recorded to goodwill in fiscal 2011. Depending on the ultimate resolution of the matter with CBP, the Company estimates that the range of the potential exposure associated with the liability may be up to $73.0 million; however, the Company believes the contingent liability recorded is a reasonable estimate of the liability based upon the facts available at this time. LCD Class Action Settlement The Company filed a proof of claim in the settlement of a class action proceeding that sought damages from certain manufacturers of LCD flat panel displays. A settlement was reached in the proceedings and in the first quarter of fiscal 2014 the federal district judge overseeing the proceeding issued an order approving the distribution of settlement funds to the class claimants and the Company received an award payment of $19.1 million. In the third quarter of fiscal 2014, the federal district judge overseeing the proceedings issued an order approving a final distribution of funds and the Company received a final award payment of $3.0 million. The award is classified within “gain on legal settlement” in the consolidated statements of operations. Other From time to time, the Company may become a party to, or be otherwise involved in various lawsuits, claims, investigations and other legal proceedings arising in the ordinary course of conducting its business. While litigation is subject to inherent uncertainties, management does not anticipate that any ongoing matters will have a material adverse effect on the Company’s financial condition, liquidity or results of operations.

Income taxes	6 Months Ended
Income taxes	Dec. 27, 2014
Income Tax Disclosure [Abstract]
Income taxes	Income taxes The Company’s effective tax rate on its income before income taxes was 25.6% in the second quarter of fiscal 2015 as compared with 33.8% in the second quarter of fiscal 2014. During the second quarter of fiscal 2015, the Company's effective tax rate was favorably impacted primarily by the mix of income in lower tax rate jurisdictions and the release of reserves related to the settlement of an audit in a foreign jurisdiction. During the second quarter of fiscal 2014, the Company's effective tax rate was unfavorably impacted primarily by increases to valuation allowances and reserves, as well as an investment in a foreign subsidiary. For the first six months of fiscal 2015 and 2014, the Company's effective tax rate was 24.9% and 31.9%, respectively. The effective tax rate for the first six months of fiscal 2015 was favorably impacted by the mix of income in lower tax rate jurisdictions and the release of reserves, primarily related to the formal deregistration of a foreign branch and the settlement of an audit in a foreign jurisdiction. The effective tax rate for the first six months of fiscal 2014 was unfavorably impacted primarily by increases to valuation allowances and reserves. The Company applies the guidance in ASC 740, which requires management to use its judgment to the appropriate weighting of all available evidence when assessing the need for the establishment or the release of valuation allowances. As part of this analysis, the Company examines all available evidence on a jurisdiction by jurisdiction basis and weighs the positive and negative evidence when determining the need for full or partial valuation allowances. The evidence considered for each jurisdiction includes, among other items: (i) the historic levels of income or losses over a range of time periods, which may extend beyond the most recent three fiscal years depending upon the historical volatility of income in an individual jurisdiction; (ii) expectations and risks associated with underlying estimates of future taxable income, including considering the historical trend of down-cycles in the semiconductor and related industries; and (iii) prudent and feasible tax planning strategies. As of the end of fiscal 2014, the Company had a partial valuation allowance against significant net operating loss carry-forward deferred tax assets related to a legal entity in Europe due to, among several other factors, a history of losses in that entity. In recent fiscal years, such entity has been experiencing improved earnings, which required the partial release of the valuation allowance to the extent such entity has projected future taxable income. ASC 740 requires a preponderance of positive evidence in order to reach a conclusion to release all or a portion of a valuation allowance when negative evidence exists. The Company continues to evaluate the need for a valuation allowance against these deferred tax assets and will adjust the valuation allowance as appropriate, which, if reduced, could result in a significant decrease to the effective tax rate in the period of the adjustment.

Pension plan

6 Months Ended

Dec. 27, 2014

Compensation and Retirement Disclosure [Abstract]

Pension plan

The Company has a noncontributory defined benefit pension plan (the “Plan”) for which the components of net periodic pension costs during the second quarters and six months ended December 27, 2014 and December 28, 2013 were as follows:



	Second Quarters Ended						Six Months Ended
	December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
	(Thousands)
Service cost	$	9,873		$	9,183		$	19,746		$	18,366
Interest cost	4,449			4,289			8,898			8,578
Expected return on plan assets	(9,055		)	(7,727		)	(18,110		)	(15,454		)
Recognized net actuarial loss	3,251			3,171			6,502			6,342
Amortization of prior service credit	(393		)	(393		)	(786		)	(786		)
Net periodic pension cost	$	8,125		$	8,523		$	16,250		$	17,046

The Company made contributions to the Plan of $20.0 million during the first six months of fiscal 2015. The Company expects to make an additional contribution to the Plan of $10.0 million in each of the remaining quarters of the fiscal year.

The Plan meets the definition of a defined benefit plan and as a result, the Company must apply ASC 715 pension accounting to the Plan. The Plan itself, however, is a cash balance plan that is similar in nature to a defined contribution plan in that a participant's benefit is defined in terms of a stated account balance. A cash balance plan provides the Company with the benefit of applying any excess earnings on the Plan’s investments toward the Company’s future cash funding obligations.

Amounts reclassified out of accumulated other comprehensive income (loss), net of tax, to operating expenses during the first six months of fiscal 2015 and fiscal 2014 were not material and substantially all related to net periodic pension costs including recognition of actuarial losses and amortization of prior service credits.

Shareholders' Equity	6 Months Ended
Shareholders' Equity	Dec. 27, 2014
Equity [Abstract]
Shareholders' equity	Shareholders' equity Share repurchase program In November 2014, the Company’s Board of Directors authorized a $250.0 million increase in the Company's existing share repurchase program. With this increase, the Company may repurchase up to $1.0 billion of common stock in the open market or through privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors such as share price, corporate and regulatory requirements, and prevailing market conditions. During the second quarter of fiscal 2015, the Company repurchased 2.3 million shares under this program at an average market price of $39.86 per share for a total cost of $91.0 million. Since the beginning of the repurchase program through the end of the second quarter of fiscal 2015, the Company has repurchased 20.8 million shares at an aggregate cost of $642.9 million, and $357.1 million remained available for future repurchases under the share repurchase program. Common stock dividend In November 2014, the Company's Board of Directors approved a dividend of $0.16 per common share and dividend payments of $21.8 million were made in December 2014. During the six months ended December 27, 2014, the Company has paid dividends of $0.32 per common share and $43.9 million in total.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Earnings per share

6 Months Ended

Dec. 27, 2014

Earnings Per Share [Abstract]

Earnings per share



	Second Quarters Ended				Six Months Ended
	December 27, 2014		December 28, 2013		December 27, 2014		December 28, 2013
	(Thousands, except per share data)
Numerator:
Net income	$	163,706	$	124,864	$	291,652	$	245,488
Denominator:
Weighted average common shares for basic earnings per share	136,541		137,702		137,425		137,558
Net effect of dilutive stock option, restricted stock and performance share awards	2,431		2,442		2,486		2,376
Weighted average common shares for diluted earnings per share	138,972		140,144		139,911		139,934

Basic earnings per share	$	1.20	$	0.91	$	2.12	$	1.78
Diluted earnings per share	$	1.18	$	0.89	$	2.08	$	1.75

Stock options excluded from earnings per share calculation due to anti-dilutive effect	—		—		—		—

Additional cash flow information

6 Months Ended

Dec. 27, 2014

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]

Additional cash flow information

Interest and income taxes paid in the six months ended December 27, 2014 and December 28, 2013 were as follows:



	Six Months Ended
	December 27, 2014		December 28, 2013
	(Thousands)
Interest paid	$	50,355	$	54,783
Income taxes paid	$	86,486	$	99,357

The Company includes book overdrafts as part of accounts payable on its consolidated balance sheets and reflects changes in such balances as part of cash flows from operating activities in its consolidated statements of cash flows.

During the six months ended December 28, 2013, the Company had non-cash financing activities of $38.1 million related to contingent consideration in connection with acquisition activity in fiscal 2014.

Segment information

6 Months Ended

Dec. 27, 2014

Segment Reporting [Abstract]

Segment information

Electronics Marketing (“EM”) and Technology Solutions (“TS”) are the Company's reportable segments (“operating groups”). EM markets and sells semiconductors and interconnect, passive and electromechanical devices and embedded products to a diverse customer base serving many end-markets. TS focuses on the value-added distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the world’s foremost technology manufacturers. TS also provides the latest hard disk drives, microprocessor, motherboard and DRAM module technologies to manufacturers of general-purpose computers and system builders.



	Second Quarters Ended						Six Months Ended
	December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
	(Thousands)
Sales:
Electronics Marketing	$	4,435,190		$	4,154,783		$	8,809,285		$	8,092,907
Technology Solutions	3,116,690			3,267,071			5,582,181			5,674,422
	$	7,551,880		$	7,421,854		$	14,391,466		$	13,767,329
Operating income (expense):
Electronics Marketing	$	191,449		$	171,685		$	394,160		$	347,468
Technology Solutions	117,582			120,225			179,974			182,816
Corporate	(34,435		)	(28,702		)	(75,813		)	(67,596		)
	274,596			263,208			498,321			462,688
Restructuring, integration and other expenses (Note 13)	(13,257		)	(28,442		)	(31,577		)	(40,541		)
Amortization of acquired intangible assets and other	(11,052		)	(13,194		)	(23,260		)	(21,588		)
	$	250,287		$	221,572		$	443,484		$	400,559
Sales, by geographic area:
Americas ⁽¹⁾	$	3,051,888		$	3,063,643		$	5,699,008		$	5,552,311
EMEA ⁽²⁾	2,062,052			2,152,921			4,037,431			3,945,010
Asia/Pacific ⁽³⁾	2,437,940			2,205,290			4,655,027			4,270,008
	$	7,551,880		$	7,421,854		$	14,391,466		$	13,767,329

_____________________


⁽¹⁾	Includes sales from the United States of $2.70 billion and $2.69 billion for the quarters ended December 27, 2014, and December 28, 2013, respectively. Includes sales in the United States of $5.06 billion and $4.93 billion for the first six months of fiscal 2015 and 2014, respectively.

⁽²⁾

Includes sales from Germany and the United Kingdom of $787.8 million and $384.8 million, respectively, for the quarter ended December 27, 2014 and $1.53 billion and $745.2 million, respectively, for the first six months of fiscal 2015. Includes sales from Germany and the United Kingdom of $921.7 million and $355.8 million, respectively, for the quarter ended December 28, 2013, and $1.64 billion and $640.8 million, respectively, for the first six months of fiscal 2014.

⁽³⁾

Includes sales from China (including Hong Kong) and Taiwan of $727.1 million and $1.01 billion, respectively, for the quarter ended December 27, 2014, and $1.47 billion and $1.82 billion, respectively, for the first six months of fiscal 2015. Includes sales from China (including Hong Kong) and Taiwan of $728.2 million and $767.3 million, respectively, for the quarter ended December 28, 2013, and $1.46 billion and $1.40 billion, respectively, for the first six months of fiscal 2014.



	December 27, 2014		June 28, 2014
	(Thousands)
Assets:
Electronics Marketing	$	6,558,336	$	6,840,166
Technology Solutions	4,421,508		4,140,230
Corporate	511,250		275,121
	$	11,491,094	$	11,255,517
Property, plant, and equipment, net, by geographic area:
Americas ⁽¹⁾	$	338,476	$	306,167
EMEA ⁽²⁾	174,859		199,374
Asia/Pacific	28,569		29,458
	$	541,904	$	534,999

_____________________


⁽¹⁾	Includes property, plant and equipment, net, of $330.9 million and $298.1 million as of December 27, 2014 and June 28, 2014, respectively, in the United States.


⁽²⁾	Includes property, plant and equipment, net, of $84.4 million and $54.9 million in Germany and Belgium, respectively, as of December 27, 2014 and $95.5 million and $61.0 million in Germany and Belgium, respectively, as of June 28, 2014.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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+ Details

Restructuring, integration and other expenses

6 Months Ended

Dec. 27, 2014

Restructuring and Related Activities [Abstract]

Restructuring, integration and other expenses

Fiscal 2015

During the second quarter and first six months of fiscal 2015, the Company took certain actions in an effort to reduce future operating expenses. In addition, the Company incurred integration and other costs primarily associated with the integration of acquisitions and certain global and regional businesses. The following table presents the restructuring, integration and other expenses recorded during the second quarter and first six months of fiscal 2015:



	Second Quarter Ended December 27, 2014		Six Months Ended December 27, 2014
	(Thousands, except per share data)
Restructuring expenses	$	6,579	$	17,352
Integration costs	4,024		10,290
Other costs including acquisition costs	2,064		3,713
Changes in estimates for prior restructuring liabilities	590		222
Restructuring, integration and other expenses before tax	$	13,257	$	31,577
Restructuring, integration and other expenses after tax	$	10,188	$	23,348
Restructuring, integration and other expenses per share on a diluted basis	$	0.07	$	0.16

The activity related to the restructuring liabilities established and other associated expenses incurred during fiscal 2015 is presented in the following table:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Fiscal 2015 restructuring expenses	$	5,799		$	10,139		$	1,414		$	17,352
Cash payments	(4,038		)	(2,724		)	—			(6,762		)
Non-cash amounts	—			(1,915		)	(1,414		)	(3,329		)
Other, principally foreign currency translation	(70		)	(68		)	—			(138		)
Balance at December 27, 2014	$	1,691		$	5,432		$	—		$	7,123

Severance expense recorded in the first six months of fiscal 2015 related to the reduction of over 150 employees, primarily in business support functions, in connection with cost reduction actions taken in both operating groups. Facility exit costs primarily consist of liabilities for remaining lease obligations and the impairment of long-lived assets for locations and information technology hardware and software the Company has divested or has ceased using. Other restructuring costs related primarily to other miscellaneous restructuring and exit costs. Of the $17.4 million in restructuring expenses recorded during the first six months of fiscal 2015, $9.6 million related to EM and $7.8 million related to TS. As of December 27, 2014, the Company expects the majority of the remaining severance and facility exit costs to be paid by the end of fiscal 2015.

Integration costs are primarily related to the integration of acquired businesses, integration of global or regional businesses and specific and incremental costs incurred as part of the consolidation, relocation and closure of warehouse and office facilities. Integration costs also include consulting costs for information technology system and business operation integration assistance, legal fees, travel, meeting, marketing and communication costs that are 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 consist primarily of professional fees incurred for acquisitions, additional costs incurred for businesses divested or exited 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. Integration and other costs in the first six months of fiscal 2015 were comprised of many different costs, none of which were individually material.

Fiscal 2014

During fiscal 2014, 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 activity during the first six months of fiscal 2015 related to the remaining restructuring liabilities established during fiscal 2014:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Balance at June 28, 2014	$	23,744		$	3,697		$	344		$	27,785
Cash payments	(14,934		)	(983		)	(1		)	(15,918		)
Changes in estimates, net	431			186			—			617
Non-cash amounts	(92		)	(824		)	—			(916		)
Other, principally foreign currency translation	(985		)	(188		)	—			(1,173		)
Balance at December 27, 2014	$	8,164		$	1,888		$	343		$	10,395

As of December 27, 2014, the Company expects the majority of the remaining severance, facility exit costs and other liabilities to be paid by the end of fiscal 2015.

Fiscal 2013 and prior

As of June 28, 2014, there were $13.1 million of restructuring liabilities remaining related to restructuring actions taken in fiscal years 2013 and prior, the majority of which relates to facility exit costs. The remaining balance for such historical restructuring actions as of December 27, 2014 was $7.7 million, which is expected to be paid by the end of fiscal 2016.

Basis of presentation and new accounting pronouncements (Policies)	6 Months Ended
	Dec. 27, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all adjustments necessary to present fairly Avnet, Inc.'s and its consolidated subsidiaries' (the “Company” or “Avnet”) financial position, results of operations, comprehensive income and cash flows. All such adjustments are of a normal recurring nature. The preparation of financial statements in accordance with generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Actual results may differ from these estimates. 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 June 28, 2014.
New accounting pronouncements	New accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), to supersede nearly all existing revenue recognition guidance under GAAP. The core principles of ASU 2014-09 are to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. Application of the requirements of ASU 2014-09 may require more judgment and estimates within the revenue recognition process compared to existing GAAP. ASU 2014-09 is effective for the Company in the first quarter of fiscal 2018 using either of two acceptable adoption methods: (i) retrospective adoption to each prior reporting period presented with the option to elect certain practical expedients as defined within ASU 2014-09; or (ii) adoption with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application and providing certain additional disclosures as defined within ASU 2014-09. The Company is currently evaluating the potential impact of the future adoption of ASU 2014-09 on its consolidated financial statements, including the method of adoption to be used. During the six months ended December 27, 2014 there have been no new accounting pronouncements that are expected to significantly impact the Company's consolidated financial statements.

Goodwill and intangible assets (Tables)

6 Months Ended

Dec. 27, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Change in goodwill balances by reportable segment

The following table presents the change in goodwill by reportable segment for the six months ended December 27, 2014. All of the accumulated impairment was recognized in fiscal 2009.



	Electronics Marketing			Technology Solutions			Total
	(Thousands)
Gross goodwill	$	1,713,567		$	1,014,635		$	2,728,202
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at June 28, 2014	668,457			680,011			1,348,468
Additions	—			—			—
Adjustments	539			7			546
Foreign currency translation	(24,012		)	(26,197		)	(50,209		)
Carrying value at December 27, 2014	$	644,984		$	653,821		$	1,298,805

Gross goodwill	$	1,690,094		$	988,445		$	2,678,539
Accumulated impairment	(1,045,110		)	(334,624		)	(1,379,734		)
Carrying value at December 27, 2014	$	644,984		$	653,821		$	1,298,805

Company's identifiable acquired intangible assets



	December 27, 2014							June 28, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
	(Thousands)
Customer related	$	302,591	$	(168,624	)	$	133,967	$	319,496	$	(155,604	)	$	163,892
Trade name	5,506		(1,578		)	3,928		5,993		(1,555		)	4,438
Other	17,206		(2,836		)	14,370		18,833		(2,855		)	15,978
	$	325,303	$	(173,038	)	$	152,265	$	344,322	$	(160,014	)	$	184,308

Estimated future amortization expense

The following table presents the estimated future amortization expense for the remainder of fiscal 2015, the next five fiscal years and thereafter (in thousands):



Fiscal Year
Remainder of fiscal 2015	$	21,392
2016	32,780
2017	30,855
2018	22,384
2019	18,789
2020	14,672
Thereafter	11,393
Total	$	152,265

Debt financing (Tables)

6 Months Ended

Dec. 27, 2014

Debt Disclosure [Abstract]

Short-term borrowings

Short-term debt consists of the following (in thousands):



	December 27, 2014	June 28, 2014	December 27, 2014		June 28, 2014
	Interest Rate		Carrying Balance
Bank credit facilities and other	4.42%	3.20%	$	159,184	$	250,088
Accounts receivable securitization program	—	0.60%	—		615,000
Notes due September 1, 2015	6.00%	—	250,000		—
Short-term debt			$	409,184	$	865,088

Long-term debt

Long-term debt consists of the following (in thousands):



	December 27, 2014	June 28, 2014	December 27, 2014			June 28, 2014
	Interest Rate		Carrying Balance
Revolving credit facilities:
Accounts receivable securitization program	0.56%	—	$	692,000		$	—
2014 Credit Facility	3.55%	—	50,000			—
2012 Credit Facility	—	3.55%	—			12,000
Notes due:
September 1, 2015	—	6.00%	—			250,000
September 15, 2016	6.63%	6.63%	300,000			300,000
June 15, 2020	5.88%	5.88%	300,000			300,000
December 1, 2022	4.88%	4.88%	350,000			350,000
Other long-term debt	1.44%	1.40%	2,104			3,867
Long-term debt before discount			1,694,104			1,215,867
Discount on Notes			(1,797		)	(2,053		)
Long-term debt			$	1,692,307		$	1,213,814

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Pension plan (Tables)

6 Months Ended

Dec. 27, 2014

Compensation and Retirement Disclosure [Abstract]

Components of net periodic pension costs



	Second Quarters Ended						Six Months Ended
	December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
	(Thousands)
Service cost	$	9,873		$	9,183		$	19,746		$	18,366
Interest cost	4,449			4,289			8,898			8,578
Expected return on plan assets	(9,055		)	(7,727		)	(18,110		)	(15,454		)
Recognized net actuarial loss	3,251			3,171			6,502			6,342
Amortization of prior service credit	(393		)	(393		)	(786		)	(786		)
Net periodic pension cost	$	8,125		$	8,523		$	16,250		$	17,046

Earnings per share (Tables)

6 Months Ended

Dec. 27, 2014

Earnings Per Share [Abstract]

Basic and diluted earnings per share calculation



	Second Quarters Ended				Six Months Ended
	December 27, 2014		December 28, 2013		December 27, 2014		December 28, 2013
	(Thousands, except per share data)
Numerator:
Net income	$	163,706	$	124,864	$	291,652	$	245,488
Denominator:
Weighted average common shares for basic earnings per share	136,541		137,702		137,425		137,558
Net effect of dilutive stock option, restricted stock and performance share awards	2,431		2,442		2,486		2,376
Weighted average common shares for diluted earnings per share	138,972		140,144		139,911		139,934

Basic earnings per share	$	1.20	$	0.91	$	2.12	$	1.78
Diluted earnings per share	$	1.18	$	0.89	$	2.08	$	1.75

Stock options excluded from earnings per share calculation due to anti-dilutive effect	—		—		—		—

Additional cash flow information (Tables)

6 Months Ended

Dec. 27, 2014

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]

Interest and income taxes paid

Interest and income taxes paid in the six months ended December 27, 2014 and December 28, 2013 were as follows:



	Six Months Ended
	December 27, 2014		December 28, 2013
	(Thousands)
Interest paid	$	50,355	$	54,783
Income taxes paid	$	86,486	$	99,357

Segment information (Tables)

6 Months Ended

Dec. 27, 2014

Segment Reporting [Abstract]

Sales, operating income, assets and property,plant and equipment by operating group



	Second Quarters Ended						Six Months Ended
	December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
	(Thousands)
Sales:
Electronics Marketing	$	4,435,190		$	4,154,783		$	8,809,285		$	8,092,907
Technology Solutions	3,116,690			3,267,071			5,582,181			5,674,422
	$	7,551,880		$	7,421,854		$	14,391,466		$	13,767,329
Operating income (expense):
Electronics Marketing	$	191,449		$	171,685		$	394,160		$	347,468
Technology Solutions	117,582			120,225			179,974			182,816
Corporate	(34,435		)	(28,702		)	(75,813		)	(67,596		)
	274,596			263,208			498,321			462,688
Restructuring, integration and other expenses (Note 13)	(13,257		)	(28,442		)	(31,577		)	(40,541		)
Amortization of acquired intangible assets and other	(11,052		)	(13,194		)	(23,260		)	(21,588		)
	$	250,287		$	221,572		$	443,484		$	400,559
Sales, by geographic area:
Americas ⁽¹⁾	$	3,051,888		$	3,063,643		$	5,699,008		$	5,552,311
EMEA ⁽²⁾	2,062,052			2,152,921			4,037,431			3,945,010
Asia/Pacific ⁽³⁾	2,437,940			2,205,290			4,655,027			4,270,008
	$	7,551,880		$	7,421,854		$	14,391,466		$	13,767,329

_____________________


⁽¹⁾	Includes sales from the United States of $2.70 billion and $2.69 billion for the quarters ended December 27, 2014, and December 28, 2013, respectively. Includes sales in the United States of $5.06 billion and $4.93 billion for the first six months of fiscal 2015 and 2014, respectively.

⁽²⁾

⁽³⁾



	December 27, 2014		June 28, 2014
	(Thousands)
Assets:
Electronics Marketing	$	6,558,336	$	6,840,166
Technology Solutions	4,421,508		4,140,230
Corporate	511,250		275,121
	$	11,491,094	$	11,255,517
Property, plant, and equipment, net, by geographic area:
Americas ⁽¹⁾	$	338,476	$	306,167
EMEA ⁽²⁾	174,859		199,374
Asia/Pacific	28,569		29,458
	$	541,904	$	534,999

_____________________


⁽¹⁾	Includes property, plant and equipment, net, of $330.9 million and $298.1 million as of December 27, 2014 and June 28, 2014, respectively, in the United States.


⁽²⁾	Includes property, plant and equipment, net, of $84.4 million and $54.9 million in Germany and Belgium, respectively, as of December 27, 2014 and $95.5 million and $61.0 million in Germany and Belgium, respectively, as of June 28, 2014.

Restructuring, integration and other expenses (Tables)

6 Months Ended

Dec. 27, 2014

Fiscal Year 2015 [Member]

Restructuring Cost and Reserve [Line Items]

The following table presents the restructuring, integration and other expenses recorded during the second quarter and first six months of fiscal 2015:



	Second Quarter Ended December 27, 2014		Six Months Ended December 27, 2014
	(Thousands, except per share data)
Restructuring expenses	$	6,579	$	17,352
Integration costs	4,024		10,290
Other costs including acquisition costs	2,064		3,713
Changes in estimates for prior restructuring liabilities	590		222
Restructuring, integration and other expenses before tax	$	13,257	$	31,577
Restructuring, integration and other expenses after tax	$	10,188	$	23,348
Restructuring, integration and other expenses per share on a diluted basis	$	0.07	$	0.16

The activity related to the restructuring liabilities established and other associated expenses incurred during fiscal 2015 is presented in the following table:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Fiscal 2015 restructuring expenses	$	5,799		$	10,139		$	1,414		$	17,352
Cash payments	(4,038		)	(2,724		)	—			(6,762		)
Non-cash amounts	—			(1,915		)	(1,414		)	(3,329		)
Other, principally foreign currency translation	(70		)	(68		)	—			(138		)
Balance at December 27, 2014	$	1,691		$	5,432		$	—		$	7,123

Fiscal Year 2014 [Member]

Restructuring Cost and Reserve [Line Items]

The following table presents the activity during the first six months of fiscal 2015 related to the remaining restructuring liabilities established during fiscal 2014:



	Severance			Facility Exit Costs and Asset Impairments			Other			Total
	(Thousands)
Balance at June 28, 2014	$	23,744		$	3,697		$	344		$	27,785
Cash payments	(14,934		)	(983		)	(1		)	(15,918		)
Changes in estimates, net	431			186			—			617
Non-cash amounts	(92		)	(824		)	—			(916		)
Other, principally foreign currency translation	(985		)	(188		)	—			(1,173		)
Balance at December 27, 2014	$	8,164		$	1,888		$	343		$	10,395

Acquisitions and divestitures (Details Textuals) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 27, 2014 USD ($)	Dec. 28, 2013 USD ($)	Jun. 28, 2014 USD ($) business
Business Acquisition [Line Items]
Goodwill	$ 0
Number of businesses acquired \| business			3
Aggregate consideration for acquisitions			$ 219,726
Payments to Acquire Businesses, Net of Cash Acquired	$ 0	$ 116,882
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross			181,645
Business Combination, Contingent Consideration, Liability			38,081
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High			50,000
Business Acquisition, Aggregate Annualized Revenue of Acquired Businesses			492,000
Payments to Acquire Businesses, Net of Cash Acquired			$ 116,900

Goodwill and intangible assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2014	Dec. 27, 2014	Jun. 28, 2014
Carrying amount of goodwill, by reportable segment
Gross Goodwill		$ 2,678,539	$ 2,728,202
Accumulated Impairment		(1,379,734)	(1,379,734)
Carrying value	$ 1,348,468
Additions	0
Adjustments	546
Foreign currency translation	(50,209)
Carrying value	1,348,468	1,298,805	1,348,468
Electronics Marketing [Member]
Carrying amount of goodwill, by reportable segment
Gross Goodwill		1,690,094	1,713,567
Accumulated Impairment		(1,045,110)	(1,045,110)
Carrying value	668,457
Additions	0
Adjustments	539
Foreign currency translation	(24,012)
Carrying value	668,457	644,984	668,457
Technology Solutions [Member]
Carrying amount of goodwill, by reportable segment
Gross Goodwill		988,445	1,014,635
Accumulated Impairment		(334,624)	(334,624)
Carrying value	680,011
Additions	0
Adjustments	7
Foreign currency translation	(26,197)
Carrying value	$ 680,011	$ 653,821	$ 680,011

Goodwill and intangible assets Intangible Assets (Details 1) - USD ($) $ in Thousands	Dec. 27, 2014	Jun. 28, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 325,303	$ 344,322
Accumulated Amortization	(173,038)	(160,014)
Net Book Value	152,265	184,308
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	302,591	319,496
Accumulated Amortization	(168,624)	(155,604)
Net Book Value	133,967	163,892
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,506	5,993
Accumulated Amortization	(1,578)	(1,555)
Net Book Value	3,928	4,438
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,206	18,833
Accumulated Amortization	(2,836)	(2,855)
Net Book Value	$ 14,370	$ 15,978

Goodwill and intangible assets (Estimated Future Amortization Expense) (Details 2) $ in Thousands	Dec. 27, 2014 USD ($)
Fiscal Year:
Remainder of fiscal 2015	$ 21,392
2016	32,780
2017	30,855
2018	22,384
2019	18,789
2020	14,672
Thereafter	11,393
Total	$ 152,265

Goodwill and intangible assets (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average life of intangible assets			6 years
Intangible asset amortization expense	$ 10,433	$ 12,513	$ 21,990	$ 20,903

Debt financing (Details) - USD ($) $ in Thousands	Dec. 27, 2014	Jun. 28, 2014
Components of short-term debt
Short-term debt	$ 409,184	$ 865,088
Bank credit facilities and other
Components of short-term debt
Short-term Debt, Weighted Average Interest Rate	4.42%	3.20%
Short-term debt	$ 159,184	$ 250,088
Accounts receivable securitization program
Components of short-term debt
Short-term Debt, Weighted Average Interest Rate	0.00%	0.60%
Short-term debt	$ 0	$ 615,000
Notes due September 1, 2015
Components of short-term debt
Short-term Debt, Weighted Average Interest Rate	6.00%	0.00%
Short-term debt	$ 250,000	$ 0

Debt financing (Details 1) - USD ($) $ in Thousands	Dec. 27, 2014	Jun. 28, 2014
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,694,104	$ 1,215,867
Debt Instrument, Unamortized Discount	(1,797)	(2,053)
Long-term debt	1,692,307	1,213,814
Accounts receivable securitization program
Debt Instrument [Line Items]
Accounts receivable securitization program	$ 692,000	$ 0
Long-term Debt, Weighted Average Interest Rate	0.56%	0.00%
2014 Credit Facility
Debt Instrument [Line Items]
Credit Facilities	$ 50,000	$ 0
Long-term Debt, Weighted Average Interest Rate	3.55%	0.00%
2012 Credit Facility
Debt Instrument [Line Items]
Credit Facilities	$ 0	$ 12,000
Long-term Debt, Weighted Average Interest Rate	0.00%	3.55%
Notes Due September 1, 2015
Debt Instrument [Line Items]
Senior notes	$ 0	$ 250,000
Stated interest rate on senior notes	0.00%	6.00%
Notes due September 15, 2016
Debt Instrument [Line Items]
Senior notes	$ 300,000	$ 300,000
Stated interest rate on senior notes	6.63%	6.63%
Notes due June 15, 2020
Debt Instrument [Line Items]
Senior notes	$ 300,000	$ 300,000
Stated interest rate on senior notes	5.88%	5.88%
Notes due December 1, 2022
Debt Instrument [Line Items]
Senior notes	$ 350,000	$ 350,000
Stated interest rate on senior notes	4.88%	4.88%
Other long-term debt
Debt Instrument [Line Items]
Other long-term debt	$ 2,104	$ 3,867
Long-term Debt, Weighted Average Interest Rate	1.44%	1.40%

Debt financing (Details Textuals) - USD ($) $ in Millions	6 Months Ended
Debt financing (Details Textuals) - USD ($) $ in Millions	Dec. 27, 2014	Jun. 28, 2014
Debt Instrument [Line Items]
Receivables Owned by Special Purpose Entity	$ 1,650.0	$ 1,650.0
Debt Financing [Abstract]
Company's debt, carrying value	2,100.0	2,080.0
Company's debt, fair value	2,190.0	2,190.0
Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Accounts receivable securitization program maximum borrowing amount	$ 900.0
Accounts receivable securitization program loan term	2 years
Accounts receivable securitization program, expiration date	August 2016
Program facility fee	0.38%
Base Rate or Commercial Paper [Member] \| Accounts Receivable Securitization Program [Member]
Debt Instrument [Line Items]
Terms on which interest on borrowings is calculated	base rate or a commercial paper rate
Interest on borrowings spread	0.38%
2014 Credit Facility
Debt Instrument [Line Items]
Line of credit facility term	5 years
Line of credit facility expiration date	Jul. 01, 2019
2014 Credit Facility \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,250.0
2014 Credit Facility \| Letter of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	150.0
Letters of credit outstanding, amount	$ 2.0
2012 Credit Facility \| Letter of Credit [Member]
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 2.0

Derivative financial instruments (Details Textuals)	6 Months Ended
Derivative financial instruments (Details Textuals)	Dec. 27, 2014
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Company's objectives for using derivative instruments	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 typically with maturities of less than sixty days (“economic hedges”). The Company continues to have exposure to foreign currency risks to the extent they are not hedged.
Maximum maturity of foreign exchange contracts (less than 60 days)	60 days

- Definition

Description of the reasons for holding or issuing derivative instruments and nonderivative hedging instruments. Includes discussion of the objectives for holding or issuing derivative instruments, the context needed to understand those objectives, and the strategies for achieving those objectives. The description generally distinguishes between derivative and nonderivative instruments by the types of hedging relationships and between those instruments used for risk management purposes and those used for other purposes. Information about those instruments is disclosed in the context of each instrument's primary underlying risk exposure (for example, interest rate, credit, foreign exchange rate, interest rate and foreign exchange rate, or overall price).

+ References + Details

Commitments and contingencies (Details Textuals) - Bell Microproducts Inc [Member] $ in Millions	Dec. 27, 2014 USD ($)
Loss Contingency, Estimate [Abstract]
Loss contingency, estimate of possible loss	$ 10.0
Loss contingency, range of possible loss, maximum	$ 73.0

Commitments and contingencies Litigation settlement (Details Textuals 2) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 27, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Litigation Settlement [Abstract]
Gain on legal settlement	$ 0	$ 3,000	$ 0	$ 19,137	$ 0	$ 19,137

Income taxes (Details Textuals)	3 Months Ended		6 Months Ended
Income taxes (Details Textuals)	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Income Tax Disclosure [Abstract]
Effective tax rate	25.60%	33.80%	24.90%	31.90%

Pension plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pension plan (Details) - USD ($) $ in Thousands	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Components of net periodic pension costs
Service cost	$ 9,873	$ 9,183	$ 19,746	$ 18,366
Interest cost	4,449	4,289	8,898	8,578
Expected return on plan assets	(9,055)	(7,727)	(18,110)	(15,454)
Recognized net actuarial loss	3,251	3,171	6,502	6,342
Amortization of prior service credit	(393)	(393)	(786)	(786)
Net periodic pension cost	$ 8,125	$ 8,523	$ 16,250	$ 17,046

Pension plan (Details Textuals) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Pension plan (Details Textuals) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 27, 2014
Compensation and Retirement Disclosure [Abstract]
Defined benefit plans, estimated future employer contributions each remaining quarter of current fiscal year	$ 10.0
Company's contribution to pension plan in the current quarter		$ 20.0
Company's estimated future employer contributions in current fiscal year	The Company expects to make an additional contribution to the Plan of $10.0 million in each of the remaining quarters of the fiscal year.

Shareholders' Equity Share Repurchase Program (Details Textuals) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Dec. 27, 2014 USD ($) $ / shares shares	Dec. 27, 2014 USD ($) $ / shares shares
Share Repurchae Program [Abstract]
Stock Repurchase Program, Authorized Additional Amount	$ 250.0
Stock Repurchase Program, Authorized Amount		$ 1,000.0
Stock Repurchased and Retired During Period, Shares \| shares	2.3
Share Price \| $ / shares	$ 39.86	$ 39.86
Stock Repurchased and Retired During Period, Value	$ 91.0
Stock Repurchase Program, Aggregate Number of Shares Repurchased Since Inception \| shares		20.8
Stock Repurchase Program, Aggregate Cost of Shares Repurchased Since Inception		$ 642.9
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 357.1

Shareholders' Equity Common Stock Dividend (Details Textuals 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Dividends, Common Stock [Abstract]
Cash dividends paid per common share	$ 0.16	$ 0.15	$ 0.32	$ 0.30
Dividends paid on common stock	$ (21,759)		$ (43,875)	$ (41,263)

Earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Numerator:
Net income	$ 163,706	$ 124,864	$ 291,652	$ 245,488
Denominator:
Weighted average common shares for basic earnings per share	136,541,000	137,702,000	137,425,000	137,558,000
Net effect of dilutive stock option, restricted stock and performance share awards	2,431,000	2,442,000	2,486,000	2,376,000
Weighted average common shares for diluted earnings per share	138,972,000	140,144,000	139,911,000	139,934,000
Basic earnings per share	$ 1.20	$ 0.91	$ 2.12	$ 1.78
Diluted earnings per share	$ 1.18	$ 0.89	$ 2.08	$ 1.75
Stock options excluded from earnings per share calculation due to anti-dilutive effect	0	0	0	0

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Additional cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Jun. 28, 2014
Interest and income taxes paid
Interest paid	$ 50,355	$ 54,783
Income taxes paid	$ 86,486	$ 99,357
2014 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Contingent Consideration, Liability			$ 38,081

Segment information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment information (Details) - USD ($) $ in Thousands	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013	Jun. 28, 2014
Sales:
Sales	$ 7,551,880	$ 7,421,854	$ 14,391,466	$ 13,767,329
Operating income:
Operating Income Loss Before Restructuring Charges and Intangible Amortization	274,596	263,208	498,321	462,688
Restructuring, integration and other expenses (Note 13)	(13,257)	(28,442)	(31,577)	(40,541)
Amortization of acquired intangible assets and other	(11,052)	(13,194)	(23,260)	(21,588)
Operating income	250,287	221,572	443,484	400,559
Sales, by geographic area:
Sales	7,551,880	7,421,854	14,391,466	13,767,329
Assets:
Assets	11,491,094		11,491,094		$ 11,255,517
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	541,904		541,904		534,999
Americas [Member]
Sales:
Sales	3,051,888	3,063,643	5,699,008	5,552,311
Sales, by geographic area:
Sales	3,051,888	3,063,643	5,699,008	5,552,311
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	338,476		338,476		306,167
EMEA [Member]
Sales:
Sales	2,062,052	2,152,921	4,037,431	3,945,010
Sales, by geographic area:
Sales	2,062,052	2,152,921	4,037,431	3,945,010
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	174,859		174,859		199,374
Asia/Pacific [Member]
Sales:
Sales	2,437,940	2,205,290	4,655,027	4,270,008
Sales, by geographic area:
Sales	2,437,940	2,205,290	4,655,027	4,270,008
Property, plant and equipment, net, by geographic area
Property, plant and equipment, net	28,569		28,569		29,458
Electronics Marketing [Member]
Sales:
Sales	4,435,190	4,154,783	8,809,285	8,092,907
Operating income:
Operating Income Loss Before Restructuring Charges and Intangible Amortization	191,449	171,685	394,160	347,468
Sales, by geographic area:
Sales	4,435,190	4,154,783	8,809,285	8,092,907
Assets:
Assets	6,558,336		6,558,336		6,840,166
Technology Solutions [Member]
Sales:
Sales	3,116,690	3,267,071	5,582,181	5,674,422
Operating income:
Operating Income Loss Before Restructuring Charges and Intangible Amortization	117,582	120,225	179,974	182,816
Sales, by geographic area:
Sales	3,116,690	3,267,071	5,582,181	5,674,422
Assets:
Assets	4,421,508		4,421,508		4,140,230
Corporate [Member]
Operating income:
Operating Income Loss Before Restructuring Charges and Intangible Amortization	(34,435)	$ (28,702)	(75,813)	$ (67,596)
Assets:
Assets	$ 511,250		$ 511,250		$ 275,121

Segment information (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013	Jun. 28, 2014
Segment Reporting Information [Line Items]
Sales	$ 7,551,880	$ 7,421,854	$ 14,391,466	$ 13,767,329
Property, plant and equipment, net	541,904		541,904		$ 534,999
United States [Member]
Segment Reporting Information [Line Items]
Sales	2,700,000	2,690,000	5,060,000	4,930,000
Property, plant and equipment, net	330,900		330,900		298,100
Germany [Member]
Segment Reporting Information [Line Items]
Sales	787,800	921,700	1,530,000	1,640,000
Property, plant and equipment, net	84,400		84,400		95,500
Belgium [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment, net	54,900		54,900		$ 61,000
China [Member]
Segment Reporting Information [Line Items]
Sales	727,100	728,200	1,470,000	1,460,000
Taiwan [Member]
Segment Reporting Information [Line Items]
Sales	1,007,400	767,300	1,820,000	1,400,000
UNITED KINGDOM
Segment Reporting Information [Line Items]
Sales	$ 384,800	$ 355,800	$ 745,200	$ 640,800

Restructuring, integration and other expenses (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 27, 2014	Dec. 28, 2013
Charges related to the acquisition and integration activities [Abstract]
Restructuring, integration and other expenses before tax	$ 13,257	$ 28,442	$ 31,577	$ 40,541
Fiscal Year 2015 [Member]
Charges related to the acquisition and integration activities [Abstract]
Restructuring expenses	6,579		17,352
Integration costs	4,024		10,290
Other costs including acquisition costs	2,064		3,713
Changes in estimates for prior restructuring liabilities	590		222
Restructuring, integration and other expenses before tax	13,257		31,577
Restructuring, integration and other expenses after tax	$ 10,188		$ 23,348
Restructuring, integration and other expenses per share on a diluted basis	$ 0.07		$ 0.16

Restructuring, integration and other expenses (Details 1) $ in Thousands	6 Months Ended
	Dec. 27, 2014 USD ($)
Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses	$ 17,352
Activity related to the restructuring reserves
Cash payments	(6,762)
Non-cash amounts	(3,329)
Other, principally foreign currency translation	(138)
Balance at December 27, 2014	7,123
Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Balance at June 28, 2014	27,785
Cash payments	(15,918)
Changes in estimates, net	617
Non-cash amounts	(916)
Other, principally foreign currency translation	(1,173)
Balance at December 27, 2014	10,395
Severance Reserves [Member] \| Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses	5,799
Activity related to the restructuring reserves
Cash payments	(4,038)
Non-cash amounts	0
Other, principally foreign currency translation	(70)
Balance at December 27, 2014	1,691
Severance Reserves [Member] \| Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Balance at June 28, 2014	23,744
Cash payments	(14,934)
Changes in estimates, net	431
Non-cash amounts	(92)
Other, principally foreign currency translation	(985)
Balance at December 27, 2014	8,164
Facility Exit Costs [Member] \| Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses	10,139
Activity related to the restructuring reserves
Cash payments	(2,724)
Non-cash amounts	(1,915)
Other, principally foreign currency translation	(68)
Balance at December 27, 2014	5,432
Facility Exit Costs [Member] \| Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Balance at June 28, 2014	3,697
Cash payments	(983)
Changes in estimates, net	186
Non-cash amounts	(824)
Other, principally foreign currency translation	(188)
Balance at December 27, 2014	1,888
Other [Member] \| Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Fiscal 2015 restructuring expenses	1,414
Activity related to the restructuring reserves
Cash payments	0
Non-cash amounts	(1,414)
Other, principally foreign currency translation	0
Balance at December 27, 2014	0
Other [Member] \| Fiscal Year 2014 [Member]
Activity related to the restructuring reserves
Balance at June 28, 2014	344
Cash payments	(1)
Changes in estimates, net	0
Non-cash amounts	0
Other, principally foreign currency translation	0
Balance at December 27, 2014	$ 343

Restructuring, integration and other expenses (Details Textuals) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 27, 2014 USD ($)	Dec. 27, 2014 USD ($) employees	Jun. 28, 2014 USD ($)
Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, range of positions eliminated, low end \| employees		150
Restructuring expenses		$ 17,352
Restructuring Reserve	$ 7,123	7,123
Fiscal Year 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	10,395	10,395	$ 27,785
Fiscal Year 2013 and Prior [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	7,700	7,700	$ 13,100
EM [Member] \| Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		9,600
TS [Member] \| Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		7,800
Fiscal Year 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 6,579	$ 17,352