Segment information

6 Months Ended

Jan. 01, 2022

Segment information

Segment information

13. Segment information

Electronic Components (“EC”) and Farnell (“Farnell”) are the Company’s reportable segments (“operating groups”). EC markets and sells (i) semiconductors, (ii) interconnect, passive and electromechanical devices, and (iii) integrated components, to a diverse customer base serving many end-markets. Farnell distributes electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources.

	Second Quarters Ended				Six Months Ended
	January 1,		January 2,		January 1,		January 2,
	2022		2021		2022		2021
	(Thousands)
Sales:
Electronic Components	$	5,424,349	$	4,342,386	$	10,553,846	$	8,724,535
Farnell		440,868		325,786		896,066		666,697
		5,865,217		4,668,172		11,449,912		9,391,232
Operating income:
Electronic Components	$	188,904	$	103,922	$	351,366	$	188,362
Farnell		60,189		14,592		109,781		26,551
		249,093		118,514		461,147		214,913
Corporate		(33,625)		(38,928)		(66,925)		(70,229)
Restructuring, integration and other expenses		—		(11,948)		(5,272)		(38,369)
Amortization of acquired intangible assets and other		(3,796)		(10,417)		(9,035)		(30,592)
Operating income	$	211,672	$	57,221	$	379,915	$	75,723
Sales, by geographic area:
Americas (1)	$	1,391,567	$	1,101,450	$	2,650,377	$	2,307,145
EMEA (2)		1,840,789		1,346,347		3,588,368		2,827,020
Asia/Pacific (3)		2,632,861		2,220,375		5,211,167		4,257,067
Sales	$	5,865,217	$	4,668,172	$	11,449,912	$	9,391,232

⁽¹⁾ Includes sales from the United States of $1.29 billion and $1.03 billion for the second quarters ended January 1, 2022, and January 2, 2021, respectively. Includes sales from the United States of $2.45 billion and $2.16 billion for the first six months of fiscal 2022 and 2021, respectively.

⁽²⁾ Includes sales from Germany and Belgium of $740.0 million and $330.7 million, respectively, for the second quarter ended January 1, 2022; and $1.44 billion and $638.3 million, respectively, for the first six months of fiscal 2022. Includes sales from Germany and Belgium of $520.8 million and $255.0 million, respectively, for the second quarter ended January 2, 2021; and $1.10 billion and $549.4 million, respectively, for the first six months of fiscal 2021.

⁽³⁾ Includes sales from China (including Hong Kong), Taiwan and Singapore of $863.0 million, $1.13 billion and $323.5 million, respectively, for the second quarter ended January 1, 2022; and $1.69 billion, $2.33 billion and $587.5 million, respectively, for the first six months of fiscal 2022. Includes sales from China (including Hong Kong), Taiwan and Singapore of $666.0 million, $1.07 billion and $252.6 million, respectively, for the second quarter ended January 2, 2021; and $1.30 billion, $1.99 billion and $524.6 million, respectively, for the first six months of fiscal 2021.

	January 1,		July 3,
	2022		2021
	(Thousands)
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	130,397	$	146,042
EMEA (2)		175,339		185,753
Asia/Pacific		32,463		36,657
Property, plant, and equipment, net	$	338,199	$	368,452

⁽¹⁾ Includes property, plant and equipment, net, of $127.1 million and $142.7 million as of January 1, 2022, and July 3, 2021, respectively, in the United States.

⁽²⁾ Includes property, plant and equipment, net, of $70.4 million, $82.5 million and $18.9 million in Germany, the United Kingdom and Belgium, respectively, as of January 1, 2022; and $77.9 million, $83.5 million and $20.9 million in Germany, the United Kingdom and Belgium, respectively, as of July 3, 2021.