Document_and_Entity_Informatio
Document and Entity Information Document (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Jan. 31, 2014 | Jun. 29, 2013 | |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Arrow Electronics Inc | ' | ' |
Entity Central Index Key | '0000007536 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 99,961,811 | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $3,911,865,407 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Sales | $21,357,285 | $20,405,128 | $21,390,264 | |||
Costs and expenses: | ' | ' | ' | |||
Cost of sales | 18,566,356 | 17,667,842 | 18,441,661 | |||
Selling, general, and administrative expenses | 1,873,638 | 1,849,534 | 1,892,592 | |||
Depreciation and amortization | 131,141 | 115,350 | 103,482 | |||
Restructuring, integration, and other charges | 92,650 | 47,437 | 37,811 | |||
Settlement of legal matters | 0 | -79,158 | 5,875 | |||
Total Costs and Expenses | 20,663,785 | 19,601,005 | 20,481,421 | |||
Operating income | 693,500 | 804,123 | 908,843 | |||
Equity in earnings of affiliated companies | 7,429 | 8,112 | 6,736 | |||
Interest and other financing expense, net | 114,433 | 101,876 | 105,971 | |||
Other | 4,277 | 0 | -193 | |||
Income before income taxes | 582,219 | 710,359 | 809,801 | |||
Provision for income taxes | 182,343 | 203,642 | 210,485 | |||
Consolidated net income | 399,876 | 506,717 | 599,316 | |||
Noncontrolling interests | 456 | 385 | 506 | |||
Net income attributable to shareholders | $399,420 | $506,332 | $598,810 | |||
Net income per share: | ' | ' | ' | |||
Basic | $3.89 | $4.64 | $5.25 | |||
Diluted | $3.85 | [1] | $4.56 | [1] | $5.17 | [1] |
Weighted-average shares outstanding: | ' | ' | ' | |||
Basic | 102,559 | 109,240 | 114,025 | |||
Diluted | 103,699 | 111,077 | 115,932 | |||
[1] | Stock-based compensation awards for the issuance of 874 shares, 1,424 shares, and 1,051 shares for the years ended December 31, 2013, 2012, and 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive. |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Consolidated net income | $399,876 | $506,717 | $599,316 |
Other comprehensive income: | ' | ' | ' |
Foreign currency translation adjustment | 65,793 | 23,889 | -49,384 |
Unrealized gain (loss) on investment securities, net | 1,027 | 3,679 | -11,886 |
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net | 2,075 | -4,805 | -1,855 |
Employee benefit plan items, net | 11,520 | -6,976 | -14,482 |
Other comprehensive income (loss) | 80,415 | 15,787 | -77,607 |
Comprehensive income | 480,291 | 522,504 | 521,709 |
Less: Comprehensive income attributable to noncontrolling interests | 456 | 192 | 486 |
Comprehensive income attributable to shareholders | $479,835 | $522,312 | $521,223 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ||
Cash and cash equivalents | $390,602 | $409,684 | ||
Accounts receivable, net | 5,769,759 | 4,923,898 | ||
Inventories | 2,167,287 | 2,052,720 | ||
Other current assets | 258,122 | 328,999 | ||
Total current assets | 8,585,770 | 7,715,301 | ||
Property, plant, and equipment, at cost: | ' | ' | ||
Land | 24,051 | 23,944 | ||
Buildings and improvements | 142,583 | 152,008 | ||
Machinery and equipment | 1,113,987 | 1,030,983 | ||
Property, plant, and equipment, gross | 1,280,621 | 1,206,935 | ||
Less: Accumulated depreciation and amortization | -648,232 | -607,294 | ||
Property, plant, and equipment, net | 632,389 | 599,641 | ||
Investments in affiliated companies | 67,229 | 65,603 | ||
Intangible assets, net | 426,069 | 414,033 | ||
Cost in excess of net assets of companies acquired | 2,039,293 | [1] | 1,711,703 | [1] |
Other assets | 310,133 | 279,406 | ||
Total assets | 12,060,883 | 10,785,687 | ||
LIABILITIES AND EQUITY | ' | ' | ||
Accounts payable | 4,503,200 | 3,769,268 | ||
Accrued expenses | 774,868 | 776,586 | ||
Short-term borrowings, including current portion of long-term debt | 23,878 | 364,357 | ||
Total current liabilities | 5,301,946 | 4,910,211 | ||
Long-term debt | 2,226,132 | 1,587,478 | ||
Other liabilities | 347,977 | 300,636 | ||
Equity: | ' | ' | ||
Issued - 125,424 shares in both 2013 and 2012 | 125,424 | 125,424 | ||
Capital in excess of par value | 1,071,075 | 1,086,239 | ||
Treasury stock (25,488 and 19,423 shares in 2013 and 2012, respectively), at cost | -920,528 | -652,867 | ||
Retained earnings | 3,678,709 | 3,279,289 | ||
Accumulated other comprehensive income | 225,552 | 145,137 | ||
Total shareholders' equity | 4,180,232 | 3,983,222 | ||
Noncontrolling interests | 4,596 | 4,140 | ||
Total equity | 4,184,828 | 3,987,362 | ||
Total liabilities and equity | $12,060,883 | $10,785,687 | ||
[1] | The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment. |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS Parentheticals (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Per Share data, unless otherwise specified | ||
Common Stock, Par or Stated Value Per Share | $1 | $1 |
Common Stock, Shares Authorized | 160,000 | 160,000 |
Common Stock, Shares, Issued | 125,424 | 125,424 |
Treasury Stock, Shares | 25,488 | 19,423 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Consolidated net income | $399,876 | $506,717 | $599,316 |
Adjustments to reconcile consolidated net income to net cash provided by operations: | ' | ' | ' |
Depreciation and amortization | 131,141 | 115,350 | 103,482 |
Amortization of stock-based compensation | 36,923 | 34,546 | 39,225 |
Equity in earnings of affiliated companies | -7,429 | -8,112 | -6,736 |
Deferred income taxes | 273 | -5,414 | -11,377 |
Restructuring, integration, and other charges | 65,601 | 30,739 | 28,054 |
Excess tax benefits from stock-based compensation arrangements | -7,172 | -5,029 | -7,956 |
Other | -3,534 | 5,786 | -4,309 |
Change in assets and liabilities, net of effects of acquired businesses: | ' | ' | ' |
Accounts receivable | -572,886 | -318,689 | -193,492 |
Inventories | -21,277 | -62,383 | 105,150 |
Accounts payable | 446,814 | 406,874 | -465,603 |
Accrued expenses | -123,969 | 38,858 | -74,236 |
Other assets and liabilities | 99,262 | -52,638 | 747 |
Net cash provided by operating activities | 450,691 | 675,033 | 120,883 |
Cash flows from investing activities: | ' | ' | ' |
Cash consideration paid for acquired businesses | -367,940 | -281,918 | -532,568 |
Acquisition of property, plant, and equipment | -116,162 | -112,224 | -113,941 |
Purchase of cost method investments | -3,000 | -15,000 | 0 |
Net cash used for investing activities | -487,102 | -409,142 | -646,509 |
Cash flows from financing activities: | ' | ' | ' |
Change in short-term and other borrowings | -31,340 | -9,812 | -6,172 |
Proceeds from (repayment of) long-term bank borrowings, net | 71,400 | -5,400 | 354,000 |
Repayment of bank term loan | 0 | 0 | -200,000 |
Net proceeds from note offering | 591,156 | 0 | 0 |
Redemption of senior notes | -338,184 | 0 | -19,324 |
Proceeds from exercise of stock options | 36,014 | 13,372 | 46,665 |
Excess tax benefits from stock-based compensation arrangements | 7,172 | 5,029 | 7,956 |
Repurchases of common stock | -362,793 | -260,870 | -197,044 |
Net cash used for financing activities | -26,575 | -257,681 | -13,919 |
Effect of exchange rate changes on cash | 43,904 | 4,587 | 10,111 |
Net increase (decrease) in cash and cash equivalents | -19,082 | 12,797 | -529,434 |
Cash and cash equivalents at beginning of year | 409,684 | 396,887 | 926,321 |
Cash and cash equivalents at end of year | $390,602 | $409,684 | $396,887 |
CONSOLIDATED_STATEMENTS_OF_EQU
CONSOLIDATED STATEMENTS OF EQUITY (USD $) | Total | Common Stock at Par Value [Member] | Capital in Excess of Par Value [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interests [Member] |
In Thousands | |||||||
Balance at Dec. 31, 2010 | $3,251,195 | $125,337 | $1,063,461 | ($318,494) | $2,174,147 | $206,744 | $0 |
Consolidated net income (loss) | 599,316 | 0 | 0 | 0 | 598,810 | 0 | 506 |
Foreign currency translation adjustment | -49,384 | 0 | 0 | 0 | 0 | -49,364 | -20 |
Unrealized gain (loss) on investment securities, net | -11,886 | 0 | 0 | 0 | 0 | -11,886 | 0 |
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net | -1,855 | 0 | 0 | 0 | 0 | -1,855 | 0 |
Employee benefit plan items, net | -14,482 | 0 | 0 | 0 | 0 | 14,482 | 0 |
Amortization of stock-based compensation | 39,225 | 0 | 39,225 | 0 | 0 | 0 | 0 |
Shares issued for stock-based compensation awards | 46,665 | 45 | -33,959 | 80,579 | 0 | 0 | 0 |
Tax benefits related to stock-based compensation awards | 7,548 | 0 | 7,548 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -197,044 | 0 | 0 | -197,044 | 0 | 0 | 0 |
Acquisition of noncontrolling interests | 5,962 | 0 | 0 | 0 | 0 | 0 | 5,962 |
Balance at Dec. 31, 2011 | 3,675,260 | 125,382 | 1,076,275 | -434,959 | 2,772,957 | 129,157 | 6,448 |
Consolidated net income (loss) | 506,717 | 0 | 0 | 0 | 506,332 | 0 | 385 |
Foreign currency translation adjustment | 23,889 | 0 | 0 | 0 | 0 | 24,082 | -193 |
Unrealized gain (loss) on investment securities, net | 3,679 | 0 | 0 | 0 | 0 | 3,679 | 0 |
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net | -4,805 | 0 | 0 | 0 | 0 | -4,805 | 0 |
Employee benefit plan items, net | -6,976 | 0 | 0 | 0 | 0 | 6,976 | 0 |
Amortization of stock-based compensation | 34,546 | 0 | 34,546 | 0 | 0 | 0 | 0 |
Shares issued for stock-based compensation awards | 13,372 | 42 | -29,632 | 42,962 | 0 | 0 | 0 |
Tax benefits related to stock-based compensation awards | 5,076 | 0 | 5,076 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -260,870 | 0 | 0 | -260,870 | 0 | 0 | 0 |
Purchase of subsidiary shares from noncontrolling interest | -2,526 | 0 | -26 | 0 | 0 | 0 | -2,500 |
Balance at Dec. 31, 2012 | 3,987,362 | 125,424 | 1,086,239 | -652,867 | 3,279,289 | 145,137 | 4,140 |
Consolidated net income (loss) | 399,876 | 0 | 0 | 0 | 399,420 | 0 | 456 |
Foreign currency translation adjustment | 65,793 | 0 | 0 | 0 | 0 | 65,793 | 0 |
Unrealized gain (loss) on investment securities, net | 1,027 | 0 | 0 | 0 | 0 | 1,027 | 0 |
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net | 2,075 | 0 | 0 | 0 | 0 | 2,075 | 0 |
Employee benefit plan items, net | 11,520 | 0 | 0 | 0 | 0 | -11,520 | 0 |
Amortization of stock-based compensation | 36,923 | 0 | 36,923 | 0 | 0 | 0 | 0 |
Shares issued for stock-based compensation awards | 36,014 | 0 | -59,118 | 95,132 | 0 | 0 | 0 |
Tax benefits related to stock-based compensation awards | 7,031 | 0 | 7,031 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -362,793 | 0 | 0 | -362,793 | 0 | 0 | 0 |
Balance at Dec. 31, 2013 | $4,184,828 | $125,424 | $1,071,075 | ($920,528) | $3,678,709 | $225,552 | $4,596 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |
Dec. 31, 2013 | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |
Summary of Significant Accounting Policies [Text Block] | ' | |
Summary of Significant Accounting Policies | ||
Principles of Consolidation | ||
The consolidated financial statements include the accounts of the company and its majority-owned subsidiaries. All significant intercompany transactions are eliminated. | ||
Use of Estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the company to make significant estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. | ||
Cash and Cash Equivalents | ||
Cash equivalents consist of highly liquid investments, which are readily convertible into cash, with original maturities of three months or less. | ||
Inventories | ||
Inventories are stated at the lower of cost or market. Cost approximates the first-in, first-out method. Substantially all inventories represent finished goods held for sale. | ||
Property, Plant, and Equipment | ||
Property, plant, and equipment are stated at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the assets. The estimated useful lives for depreciation of buildings is generally 20 to 30 years, and the estimated useful lives of machinery and equipment is generally three to ten years. Leasehold improvements are amortized over the shorter of the term of the related lease or the life of the improvement. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. If the carrying value of the asset can not be recovered from estimated future cash flows, undiscounted and without interest, the fair value of the asset is calculated using the present value of estimated net future cash flows. If the fair value is less than the carrying amount of the asset, a loss is recognized for the difference. | ||
Software Development Costs | ||
The company capitalizes certain internal and external costs incurred to acquire or create internal-use software. Capitalized software costs are amortized on a straight-line basis over the estimated useful life of the software, which is generally three to seven years. At December 31, 2013 and 2012, the company had unamortized software development costs of $420,180 and $407,032, respectively, which are included in "Machinery and equipment" in the company's consolidated balance sheets. | ||
Identifiable Intangible Assets | ||
Amortization of definite-lived intangible assets is computed on the straight-line method over the estimated useful lives of the assets, while indefinite-lived intangible assets are not amortized. Identifiable intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. The company also tests indefinite-lived intangible assets, consisting of acquired trade names, for impairment at least annually as of the first day of the fourth quarter. If the fair value is less than the carrying amount of the asset, a loss is recognized for the difference. | ||
Investments | ||
Investments are accounted for using the equity method if the investment provides the company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the company has an ownership interest in the voting stock of the investee between 20% and 50%, although other factors, such as representation on the investee's Board of Directors, are considered in determining whether the equity method is appropriate. The company records its investments in equity method investees meeting these characteristics as "Investments in affiliated companies" in the company's consolidated balance sheets. | ||
All other equity investments, which consist of investments for which the company does not possess the ability to exercise significant influence, are accounted for under the cost method, if privately held, or as available-for-sale, if publicly traded, and are included in "Other assets" in the company's consolidated balance sheets. Under the cost method of accounting, investments are carried at cost and are adjusted only for other-than-temporary declines in realizable value and additional investments. The company accounts for available-for-sale investments at fair value, using quoted market prices, and the related holding gains and losses are included in "Accumulated other comprehensive income" in the shareholders' equity section in the company's consolidated balance sheets. The company assesses its long-term investments accounted for as available-for-sale on an ongoing basis to determine whether declines in market value below cost are other-than-temporary. When the decline is determined to be other-than-temporary, the cost basis for the individual security is reduced and a loss is realized in the company's consolidated statement of operations in the period in which it occurs. The company makes such determination after considering the length of time and the extent to which the market value of the investment is less than its cost, the financial condition and operating results of the investee, and the company's intent and ability to retain the investment over time to potentially allow for any recovery in market value. In addition, the company assesses the following factors: | ||
• | broad economic factors impacting the investee's industry; | |
• | publicly available forecasts for sales and earnings growth for the industry and investee; and | |
• | the cyclical nature of the investee's industry. | |
The company could incur an impairment charge in future periods if, among other factors, the investee's future earnings differ from currently available forecasts. | ||
Cost in Excess of Net Assets of Companies Acquired | ||
Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill for impairment annually as of the first day of the fourth quarter and/or when an event occurs or circumstances change such that it is more likely than not that an impairment may exist. Examples of such events and circumstances that the company would consider include the following: | ||
• | macroeconomic conditions such as deterioration in general economic conditions, limitations on accessing capital, fluctuations in foreign exchange rates, or other developments in equity and credit markets; | |
• | industry and market considerations such as a deterioration in the environment in which the company operates, an increased competitive environment, a decline in market-dependent multiples or metrics (considered in both absolute terms and relative to peers), a change in the market for the company's products or services, or a regulatory or political development; | |
• | cost factors such as increases in raw materials, labor, or other costs that have a negative effect on earnings and cash flows; | |
• | overall financial performance such as negative or declining cash flows or a decline in actual or planned revenue or earnings compared with actual and projected results of relevant prior periods; | |
• | other relevant entity-specific events such as changes in management, key personnel, strategy, or customers; contemplation of bankruptcy; or litigation; | |
• | events affecting a reporting unit such as a change in the composition or carrying amount of its net assets, a more-likely-than-not expectation of selling or disposing all, or a portion, of a reporting unit, the testing for recoverability of a significant asset group within a reporting unit, or recognition of a goodwill impairment loss in the financial statements of a subsidiary that is a component of a reporting unit; and | |
• | a sustained decrease in share price (considered in both absolute terms and relative to peers). | |
Goodwill is tested at a level of reporting referred to as "the reporting unit." The company's reporting units are defined as each of the three regional businesses within the global components business segment, which are the Americas, EMEA (Europe, Middle East, and Africa), and Asia/Pacific and each of the two regional businesses within the global Enterprise Computing Solutions ("ECS") business segment, which are North America and EMEA. | ||
An entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. The company has elected not to perform the qualitative assessment and began its impairment testing with the first step of the two-step impairment process. The first step, used to identify potential impairment, compares the calculated fair value of a reporting unit with its carrying amount. If the carrying amount of the reporting unit is less than its fair value, no impairment exists and the second step is not performed. If the carrying amount of a reporting unit exceeds its fair value, the entity is required to perform the second step of the goodwill impairment test to measure the amount of the impairment loss, if any. The second step of the goodwill impairment test compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized for the excess. | ||
The company estimates the fair value of a reporting unit using the income approach. For the purposes of the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The assumptions included in the income approach include forecasted revenues, gross profit margins, operating income margins, working capital cash flow, perpetual growth rates, and long-term discount rates, among others, all of which require significant judgments by management. Actual results may differ from those assumed in the company's forecasts. The company also reconciles its discounted cash flow analysis to its current market capitalization allowing for a reasonable control premium. As of the first day of the fourth quarters of 2013, 2012, and 2011, the company's annual impairment testing did not indicate impairment at any of the company's reporting units. | ||
Foreign Currency Translation and Remeasurement | ||
The assets and liabilities of international operations are translated at the exchange rates in effect at the balance sheet date. Revenue and expense accounts are translated at the monthly average exchange rates. Adjustments arising from the translation of the foreign currency financial statements of the company's international operations are reported as a component of "Accumulated other comprehensive income" in the company's consolidated balance sheets. | ||
For foreign currency remeasurement from each local currency into the appropriate functional currency, monetary assets and liabilities are remeasured to functional currencies using current exchange rates in effect at the balance sheet date. Gains or losses from these remeasurements were not significant and have been included in the company’s consolidated statements of operations. Non-monetary assets and liabilities are recorded at historical exchange rates, and the related remeasurement gains or losses are reported as a component of "Accumulated other comprehensive income" in the company's consolidated balance sheets. | ||
Income Taxes | ||
Income taxes are accounted for under the liability method. Deferred income taxes reflect the tax consequences on future years of differences between the tax bases of assets and liabilities and their financial reporting amounts. The carrying value of the company's deferred tax assets is dependent upon the company's ability to generate sufficient future taxable income in certain tax jurisdictions. Should the company determine that it is more likely than not that some portion or all of its deferred tax assets will not be realized, a valuation allowance to the deferred tax assets would be established in the period such determination was made. | ||
It is the company's policy to provide for uncertain tax positions and the related interest and penalties based upon management's assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. At December 31, 2013, the company believes it has appropriately accounted for any unrecognized tax benefits. To the extent the company prevails in matters for which a liability for an unrecognized tax benefit is established or is required to pay amounts in excess of the liability, the company's effective tax rate in a given financial statement period may be affected. | ||
Net Income Per Share | ||
Basic net income per share is computed by dividing net income attributable to shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. | ||
Comprehensive Income | ||
Comprehensive income consists of consolidated net income, foreign currency translation adjustment, employee benefit plan items, and unrealized gains or losses on investment securities and interest rate swaps designated as cash flow hedges. Unrealized gains or losses on investment securities are net of any reclassification adjustments for realized gains or losses included in consolidated net income. Foreign currency translation adjustments included in comprehensive income were not tax effected as investments in international affiliates are deemed to be permanent. All other comprehensive income items are net of related income taxes. | ||
Stock-Based Compensation | ||
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. Stock-based compensation expense related to awards with a market or performance condition is generally recognized over the vesting period of the award utilizing the graded vesting method, while all other awards are recognized on a straight-line basis. The company recorded, as a component of selling, general, and administrative expenses, amortization of stock-based compensation of $36,923, $34,546, and $39,225 in 2013, 2012, and 2011, respectively. | ||
Segment Reporting | ||
Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The company's operations are classified into two reportable business segments: global components and global ECS. | ||
Revenue Recognition | ||
The company recognizes revenue when there is persuasive evidence of an arrangement, delivery has occurred or services are rendered, the sales price is determinable, and collectibility is reasonably assured. Revenue typically is recognized at time of shipment. Sales are recorded net of discounts, rebates, and returns, which historically have not been material. | ||
A portion of the company's business involves shipments directly from its suppliers to its customers. In these transactions, the company is responsible for negotiating price both with the supplier and customer, payment to the supplier, establishing payment terms with the customer, product returns, and has risk of loss if the customer does not make payment. As the principal with the customer, the company recognizes the sale and cost of sale of the product upon receiving notification from the supplier that the product was shipped. | ||
The company has certain business with select customers and suppliers that is accounted for on an agency basis (that is, the company recognizes the fees associated with serving as an agent in sales with no associated cost of sales) in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 605-45-45. Generally, these transactions relate to the sale of supplier service contracts to customers where the company has no future obligation to perform under these contracts or the rendering of logistics services for the delivery of inventory for which the company does not assume the risks and rewards of ownership. | ||
During the third quarter of 2012, the company prospectively revised its presentation of sales related to certain fulfillment contracts to present these revenues on an agency basis as net fees, as compared to presenting gross sales and costs of sales in prior periods. This revised presentation had no impact on the company's consolidated balance sheet or statement of cash flows. Within the company's consolidated statement of operations, gross profit dollars, operating income dollars, net income dollars, and earnings per share were also not impacted for any periods reported. Prior to this prospective revision, these contracts approximated one and four percent of the company's consolidated sales for 2012 and 2011, respectively. Management has concluded that the impact of this revised presentation was not material and, therefore, prior periods have not been adjusted. | ||
Shipping and Handling Costs | ||
The company reports shipping and handling costs, primarily related to outbound freight, in the consolidated statements of operations as a component of selling, general, and administrative expenses. Shipping and handling costs included in selling, general, and administrative expenses totaled $92,620, $83,278, and $78,666 in 2013, 2012, and 2011, respectively. If the company included such costs in cost of sales, gross profit margin as a percentage of sales for 2013 would decrease 50 basis points from 13.1% to 12.6% with a corresponding decrease in selling, general, and administrative expenses and no impact on reported earnings. | ||
Impact of Recently Issued Accounting Standards | ||
In July 2013, the FASB issued Accounting Standards Update No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists" ("ASU No. 2013-11"). ASU No. 2013-11 requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, with limited exceptions. ASU No. 2013-11 is effective for interim and annual periods beginning after December 15, 2013 and may be applied retrospectively. The adoption of the provisions of ASU No. 2013-11 is not expected to have a material impact on the company's financial position or results of operations. | ||
In March 2013, the FASB issued Accounting Standards Update No. 2013-05, "Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity" ("ASU No. 2013-05"). ASU No. 2013-05 requires an entity that ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity to release any related cumulative translation adjustment into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. ASU No. 2013-05 is effective for interim and annual periods beginning after December 15, 2013, with early adoption permitted and is to be applied prospectively. The adoption of the provisions of ASU No. 2013-05 is not expected to have a material impact on the company's financial position or results of operations. | ||
In February 2013, the FASB issued Accounting Standards Update No. 2013-04, "Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date" ("ASU No. 2013-04"). ASU No. 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. In addition, ASU No. 2013-04 requires an entity to disclose the nature and amount of the obligation, as well as other information about the obligations. ASU No. 2013-04 is effective for interim and annual periods beginning after December 15, 2013 and is to be applied retrospectively. The adoption of the provisions of ASU No. 2013-04 is not expected to have a material impact on the company's financial position or results of operations. | ||
Reclassification | ||
Certain prior year amounts were reclassified to conform to the current year presentation. |
Acquisitions
Acquisitions | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Acquisitions [Text Block] | ' | ||||||||||||||||
Acquisitions | |||||||||||||||||
The company accounts for acquisitions using the acquisition method of accounting. The results of operations of acquisitions are included in the company's consolidated results from their respective dates of acquisition. The company allocates the purchase price of each acquisition to the tangible assets, liabilities, and identifiable intangible assets acquired based on their estimated fair values. In certain circumstances, a portion of purchase price may be contingent upon the achievement of certain operating results. The fair values assigned to identifiable intangible assets acquired and contingent consideration were determined primarily by using an income approach which was based on assumptions and estimates made by management. Significant assumptions utilized in the income approach were based on company specific information and projections, which are not observable in the market and are thus considered Level 3 measurements by authoritative guidance (see Note 7). The excess of the purchase price over the fair value of the identified assets and liabilities has been recorded as goodwill. Any change in the estimated fair value of the net assets prior to the finalization of the allocation for acquisitions could change the amount of the purchase price allocable to goodwill. The company is not aware of any information that indicates the final purchase price allocations will differ materially from the preliminary estimates. | |||||||||||||||||
Recently Completed Acquisition | |||||||||||||||||
In January 2014, the company completed one acquisition for a purchase price of approximately $60,000 in cash. | |||||||||||||||||
2013 Acquisitions | |||||||||||||||||
On October 28, 2013, the company acquired CSS Computer Security Solutions Holding GmbH, doing business as ComputerLinks AG ("ComputerLinks"), for a purchase price of approximately $313,209, which included $20,981 of cash acquired. ComputerLinks is a value-added distributor of enterprise computing solutions with a comprehensive offering of IT solutions from many of the world's leading technology suppliers. ComputerLinks has operations in EMEA, North America, and select countries within the Asia Pacific region. | |||||||||||||||||
Since the date of the acquisition, ComputerLinks sales for the year ended December 31, 2013 of $208,177 were included in the company's consolidated results of operations. | |||||||||||||||||
The following table summarizes the preliminary allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the ComputerLinks acquisition: | |||||||||||||||||
Accounts receivable, net | $ | 177,700 | |||||||||||||||
Inventories | 58,041 | ||||||||||||||||
Other current assets | 11,168 | ||||||||||||||||
Property, plant, and equipment | 7,070 | ||||||||||||||||
Other assets | 1,480 | ||||||||||||||||
Identifiable intangible assets | 39,195 | ||||||||||||||||
Cost in excess of net assets acquired | 275,442 | ||||||||||||||||
Accounts payable | (213,456 | ) | |||||||||||||||
Accrued expenses | (51,270 | ) | |||||||||||||||
Other liabilities | (13,142 | ) | |||||||||||||||
Cash consideration paid, net of cash acquired | $ | 292,228 | |||||||||||||||
In connection with the ComputerLinks acquisition, the company allocated the following amounts to identifiable intangible assets: | |||||||||||||||||
Weighted-Average Life | |||||||||||||||||
Customer relationships | 9 years | $ | 37,125 | ||||||||||||||
Other intangible assets | (a) | 2,070 | |||||||||||||||
Total identifiable intangible assets | $ | 39,195 | |||||||||||||||
(a) | Consists of non-competition agreements and sales backlog with useful lives ranging from one to two years. | ||||||||||||||||
The cost in excess of net assets acquired related to the ComputerLinks acquisition was recorded in the company's global ECS business segment. The intangible assets related to the ComputerLinks acquisition are not expected to be deductible for income tax purposes. | |||||||||||||||||
During 2013, the company completed four additional acquisitions. The aggregate consideration for these four acquisitions was $80,210, net of cash acquired, and includes $4,498 of contingent consideration. The impact of these acquisitions was not material, individually or in the aggregate, to the company's consolidated financial position or results of operations. | |||||||||||||||||
The following table summarizes the company's unaudited consolidated results of operations for 2013 and 2012, as well as the unaudited pro forma consolidated results of operations of the company, as though the 2013 acquisitions occurred on January 1: | |||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
As Reported | Pro Forma | As Reported | Pro Forma | ||||||||||||||
Sales | $ | 21,357,285 | $ | 22,191,263 | $ | 20,405,128 | $ | 21,433,912 | |||||||||
Net income attributable to shareholders | 399,420 | 408,290 | 506,332 | 524,943 | |||||||||||||
Net income per share: | |||||||||||||||||
Basic | $ | 3.89 | $ | 3.98 | $ | 4.64 | $ | 4.81 | |||||||||
Diluted | $ | 3.85 | $ | 3.94 | $ | 4.56 | $ | 4.73 | |||||||||
The unaudited pro forma consolidated results of operations do not purport to be indicative of the results obtained had these acquisitions occurred as of the beginning of 2013 and 2012, or of those results that may be obtained in the future. Additionally, the above table does not reflect any anticipated cost savings or cross-selling opportunities expected to result from these acquisitions. | |||||||||||||||||
2012 Acquisitions | |||||||||||||||||
During 2012, the company completed seven acquisitions. The aggregate consideration for these seven acquisitions was $289,782, net of cash acquired, and includes $10,390 of contingent consideration. The impact of these acquisitions was not material, individually or in the aggregate, to the company's consolidated financial position or results of operations. The pro forma impact of the 2012 acquisitions on the consolidated results of operations of the company for the years ended December 31, 2012 and 2011, as though the 2012 acquisitions occurred on January 1 was also not material. | |||||||||||||||||
2011 Acquisitions | |||||||||||||||||
On March 1, 2011, the company acquired all of the assets and operations of the RF, Wireless and Power Division of Richardson Electronics, Ltd. ("Richardson RFPD") for a purchase price of $235,973. Richardson RFPD is a leading value-added global component distributor and provider of engineered solutions serving the global radio frequency and wireless communications market. Richardson RFPD's product set includes devices for infrastructure and wireless networks, power management, and alternative energy markets. | |||||||||||||||||
On January 3, 2011, the company acquired Nu Horizons Electronics Corp. ("Nu Horizons") for a purchase price of $161,125, which included cash acquired of $18,085 and $26,375 of debt paid at closing. Nu Horizons is a leading global distributor of advanced technology semiconductor, display, illumination, and power solutions to a wide variety of commercial original equipment manufacturers and electronic manufacturing service providers in the components industry. Nu Horizons has sales facilities and logistics centers throughout the world, serving a wide variety of end markets including industrial, military, networking, and data communications. | |||||||||||||||||
The fair value of the net assets acquired, including identifiable intangible assets, relating to the Nu Horizons acquisition was approximately $162,213, which exceeds the purchase price discussed above of $161,125. Accordingly, the company recognized the excess of the fair value of the net assets acquired over purchase price paid of $1,088 ($668 net of related taxes or $.01 per share on both a basic and diluted basis) as a gain on bargain purchase. The gain on bargain purchase was included in "Other" in the company's consolidated statements of operations. Prior to recognizing the gain, the company reassessed the fair value of the assets acquired and liabilities assumed in the acquisition. The company believes it was able to acquire Nu Horizons for less than the fair value of its net assets due to Nu Horizons' stock trading below its book value for an extended period of time prior to the announcement of the acquisition. The company offered a purchase price per share for Nu Horizons that was above the prevailing stock price thereby representing a premium to the shareholders. The acquisition of Nu Horizons by the company was approved by Nu Horizons' shareholders. | |||||||||||||||||
Since the dates of the acquisitions, Richardson RFPD and Nu Horizons' sales for the year ended December 31, 2011 of $876,817 were included in the company's consolidated results of operations. | |||||||||||||||||
The cost in excess of net assets acquired related to the Richardson RFPD acquisition was recorded in the company's global components business segment. Substantially all of the intangible assets related to the Richardson RFPD acquisition are expected to be deductible for income tax purposes. | |||||||||||||||||
During 2011, the company completed six additional acquisitions for aggregate cash consideration of $153,555, net of cash acquired. The impact of these acquisitions was not material, individually or in the aggregate, to the company's consolidated financial position or results of operations. | |||||||||||||||||
The following table summarizes the company's unaudited consolidated results of operations for 2011, as well as the unaudited pro forma consolidated results of operations of the company, as though the 2011 acquisitions occurred on January 1: | |||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||
As Reported | Pro Forma | ||||||||||||||||
Sales | $ | 21,390,264 | $ | 21,573,260 | |||||||||||||
Net income attributable to shareholders | 598,810 | 603,243 | |||||||||||||||
Net income per share: | |||||||||||||||||
Basic | $ | 5.25 | $ | 5.29 | |||||||||||||
Diluted | $ | 5.17 | $ | 5.2 | |||||||||||||
The unaudited pro forma consolidated results of operations do not purport to be indicative of the results obtained had these acquisitions occurred as of the beginning of 2011, or of those results that may be obtained in the future. Additionally, the above table does not reflect any anticipated cost savings or cross-selling opportunities expected to result from these acquisitions. | |||||||||||||||||
Other | |||||||||||||||||
During 2012, the company made a payment of $2,526 to increase its ownership interest in a majority-owned subsidiary. The payment was recorded as a reduction to capital in excess of par value, partially offset by the carrying value of the noncontrolling interest. |
Cost_in_Excess_of_Net_Assets_o
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, net | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net | ' | |||||||||||||
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net | ||||||||||||||
Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist. As of the first day of the fourth quarters of 2013, 2012, and 2011, the company's annual impairment testing did not result in any indication of impairment. | ||||||||||||||
Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows: | ||||||||||||||
Global | Global ECS | Total | ||||||||||||
Components | ||||||||||||||
Balance as of December 31, 2011 (a) | $ | 763,952 | $ | 709,381 | $ | 1,473,333 | ||||||||
Acquisitions | 198,392 | 34,969 | 233,361 | |||||||||||
Foreign currency translation adjustment | (4,428 | ) | 9,437 | 5,009 | ||||||||||
Balance as of December 31, 2012 (a) | 957,916 | 753,787 | 1,711,703 | |||||||||||
Acquisitions | 50,218 | 275,442 | 325,660 | |||||||||||
Foreign currency translation adjustment | (7,274 | ) | 9,204 | 1,930 | ||||||||||
Balance as of December 31, 2013 (a) | $ | 1,000,860 | $ | 1,038,433 | $ | 2,039,293 | ||||||||
(a) | The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment. | |||||||||||||
Intangible assets, net, are comprised of the following as of December 31, 2013: | ||||||||||||||
Weighted-Average Life | Gross Carrying Amount | Accumulated Amortization | Net | |||||||||||
Trade names | indefinite | $ | 179,000 | $ | — | $ | 179,000 | |||||||
Customer relationships | 10 years | 374,244 | (134,817 | ) | 239,427 | |||||||||
Developed technology | 5 years | 9,625 | (4,051 | ) | 5,574 | |||||||||
Other intangible assets | (b) | 4,609 | (2,541 | ) | 2,068 | |||||||||
$ | 567,478 | $ | (141,409 | ) | $ | 426,069 | ||||||||
Intangible assets, net, are comprised of the following as of December 31, 2012: | ||||||||||||||
Weighted-Average Life | Gross Carrying Amount | Accumulated Amortization | Net | |||||||||||
Trade names | indefinite | $ | 179,000 | $ | — | $ | 179,000 | |||||||
Customer relationships | 11 years | 325,509 | (100,172 | ) | 225,337 | |||||||||
Developed technology | 5 years | 11,154 | (2,508 | ) | 8,646 | |||||||||
Other intangible assets | (b) | 2,761 | (1,711 | ) | 1,050 | |||||||||
$ | 518,424 | $ | (104,391 | ) | $ | 414,033 | ||||||||
(b) | Consists of non-competition agreements and sales backlog with useful lives ranging from one to three years. | |||||||||||||
Amortization expense related to identifiable intangible assets was $36,769 ($29,339 net of related taxes or $.29 and $.28 per share on a basic and diluted basis, respectively), $36,508 ($29,336 net of related taxes or $.27 and $.26 per share on a basic and diluted basis, respectively), and $35,359 ($27,070 net of related taxes or $.24 and $.23 per share on a basic and diluted basis, respectively) for the years ended December 31, 2013, 2012, and 2011, respectively. Amortization expense for each of the years 2014 through 2018 is estimated to be approximately $42,375, $41,101, $39,002, $35,207, and $29,282, respectively. |
Investments_in_Affiliated_Comp
Investments in Affiliated Companies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||||||
Investments in Affiliated Companies [Text Block] | ' | ||||||||||||
Investments in Affiliated Companies | |||||||||||||
The company owns a 50% interest in several joint ventures with Marubun Corporation (collectively "Marubun/Arrow") and a 50% interest in Arrow Altech Holdings (Pty.) Ltd. ("Altech Industries"), a joint venture with Allied Technologies Limited. These investments are accounted for using the equity method. | |||||||||||||
The following table presents the company's investment in Marubun/Arrow and the company's investment and long-term note receivable in Altech Industries at December 31: | |||||||||||||
2013 | 2012 | ||||||||||||
Marubun/Arrow | $ | 54,672 | $ | 50,864 | |||||||||
Altech Industries | 12,557 | 14,739 | |||||||||||
$ | 67,229 | $ | 65,603 | ||||||||||
The equity in earnings of affiliated companies for the years ended December 31 consists of the following: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Marubun/Arrow | $ | 6,386 | $ | 6,825 | $ | 5,338 | |||||||
Altech Industries | 1,043 | 1,287 | 1,398 | ||||||||||
$ | 7,429 | $ | 8,112 | $ | 6,736 | ||||||||
Under the terms of various joint venture agreements, the company is required to pay its pro-rata share of the third party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations. At December 31, 2013, the company's pro-rata share of this debt was approximately $650. The company believes that there is sufficient equity in each of the joint ventures to meet their obligations. |
Accounts_Receivable
Accounts Receivable | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Accounts Receivable [Text Block] | ' | ||||||||
Accounts Receivable | |||||||||
Accounts receivable, net, consists of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Accounts receivable | $ | 5,833,888 | $ | 4,978,136 | |||||
Allowances for doubtful accounts | (64,129 | ) | (54,238 | ) | |||||
Accounts receivable, net | $ | 5,769,759 | $ | 4,923,898 | |||||
The company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The allowances for doubtful accounts are determined using a combination of factors, including the length of time the receivables are outstanding, the current business environment, and historical experience. |
Debt
Debt | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt [Text Block] | ' | ||||||||
Debt | |||||||||
Short-term borrowings, including current portion of long-term debt, consists of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
6.875% senior notes, due 2013 | $ | — | $ | 335,384 | |||||
Short-term borrowings in various countries | 23,878 | 28,973 | |||||||
$ | 23,878 | $ | 364,357 | ||||||
Short-term borrowings in various countries are primarily utilized to support the working capital requirements of certain international operations. The weighted-average interest rates on these borrowings at December 31, 2013 and 2012 were 4.5% and 4.2%, respectively. | |||||||||
Long-term debt consists of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Revolving credit facility | $ | — | $ | 123,600 | |||||
Asset securitization program | 420,000 | 225,000 | |||||||
3.375% notes, due 2015 | 255,004 | 257,732 | |||||||
6.875% senior debentures, due 2018 | 199,078 | 198,869 | |||||||
3.00% notes, due 2018 | 298,691 | — | |||||||
6.00% notes, due 2020 | 299,945 | 299,936 | |||||||
5.125% notes, due 2021 | 249,435 | 249,356 | |||||||
4.50% notes, due 2023 | 297,767 | — | |||||||
7.50% senior debentures, due 2027 | 198,170 | 198,030 | |||||||
Other obligations with various interest rates and due dates | 8,042 | 34,955 | |||||||
$ | 2,226,132 | $ | 1,587,478 | ||||||
The 7.50% senior debentures are not redeemable prior to their maturity. The 3.375% notes, 6.875% senior debentures, 3.00% notes, 6.00% notes, 5.125% notes, and 4.50% notes may be called at the option of the company subject to "make whole" clauses. | |||||||||
The estimated fair market value at December 31, using quoted market prices, is as follows: | |||||||||
2013 | 2012 | ||||||||
6.875% senior notes, due 2013 | $ | — | $ | 342,000 | |||||
3.375% notes, due 2015 | 260,000 | 260,000 | |||||||
6.875% senior debentures, due 2018 | 228,000 | 236,000 | |||||||
3.00% notes, due 2018 | 300,000 | — | |||||||
6.00% notes, due 2020 | 330,000 | 342,000 | |||||||
5.125% notes, due 2021 | 260,000 | 272,500 | |||||||
4.50% notes, due 2023 | 291,000 | — | |||||||
7.50% senior debentures, due 2027 | 232,000 | 246,000 | |||||||
The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, and other obligations approximate their fair value. | |||||||||
In December 2013, the company entered into a $1,500,000 revolving credit facility, maturing in December 2018. This facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions, and as support for the company's commercial paper program, as applicable. This agreement amended the company's $1,200,000 revolving credit facility which was scheduled to expire in August 2016. Interest on borrowings under the revolving credit facility is calculated using a base rate or a euro currency rate plus a spread based on the company's credit ratings (1.30% at December 31, 2013). The facility fee is .20%. There were no outstanding borrowings under the revolving credit facility at December 31, 2013. At December 31, 2012, the company had $123,600 in outstanding borrowings under the revolving credit facility. | |||||||||
The company has a $775,000 asset securitization program collateralized by accounts receivable of certain of its United States subsidiaries, maturing in December 2014. The asset securitization program is conducted through Arrow Electronics Funding Corporation ("AFC"), a wholly-owned, bankruptcy remote subsidiary. The asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company's consolidated balance sheets. Interest on borrowings is calculated using a base rate or a commercial paper rate plus a spread, which is based on the company's credit ratings (.40% at December 31, 2013), or an effective interest rate of .61% at December 31, 2013. The facility fee is .40%. | |||||||||
At December 31, 2013 and 2012, the company had $420,000 and $225,000, respectively, in outstanding borrowings under the asset securitization program, which was included in "Long-term debt" in the company's consolidated balance sheets, and total collateralized accounts receivable of approximately $1,867,552 and $1,610,946, respectively, were held by AFC and were included in "Accounts receivable, net" in the company's consolidated balance sheets. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings before repayment of any outstanding borrowings under the asset securitization program. | |||||||||
Both the revolving credit facility and asset securitization program include terms and conditions that limit the incurrence of additional borrowings, limit the company's ability to pay cash dividends or repurchase stock, and require that certain financial ratios be maintained at designated levels. The company was in compliance with all covenants as of December 31, 2013 and is currently not aware of any events that would cause non-compliance with any covenants in the future. | |||||||||
Annual payments of borrowings during each of the years 2014 through 2018 are $443,878, $261,400, $1,395, $229, and $497,791, respectively, and $1,045,317 for all years thereafter. | |||||||||
In February 2013, the company completed the sale of $300,000 principal amount of its 3.00% notes due in 2018 and $300,000 principal amount of its 4.50% notes due in 2023. The net proceeds of the offering of $591,156 were used to refinance the company's 6.875% senior notes due July 2013 and for general corporate purposes. | |||||||||
In March 2013, the company redeemed $332,107 principal amount of its 6.875% senior notes due July 2013. The related loss on the redemption aggregated $4,277 ($2,627 net of related taxes or $.03 per share on both a basic and diluted basis) and was recognized as a loss on prepayment of debt which was included in "Other" in the company's consolidated statements of operations. | |||||||||
During 2011, the company repaid its $200,000 bank term loan which was due in January 2012. | |||||||||
During 2011, the company redeemed $17,893 principal amount of its 6.875% senior notes due in 2013. The related loss on the repurchase aggregated $895 ($549 net of related taxes) and was recognized as a loss on prepayment of debt which was included in "Other" in the company's consolidated statements of operations. | |||||||||
Interest and other financing expense, net, includes interest and dividend income of $5,632, $5,779, and $6,113 in 2013, 2012, and 2011, respectively. Interest paid, net of interest and dividend income, amounted to $116,663, $113,628, and $104,340 in 2013, 2012, and 2011, respectively. |
Financial_Instruments_Measured
Financial Instruments Measured at Fair Value | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Financial Instruments Measured At Fair Value [Text Block] | ' | ||||||||||||||||
Financial Instruments Measured at Fair Value | |||||||||||||||||
Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The fair value hierarchy has three levels of inputs that may be used to measure fair value: | |||||||||||||||||
Level 1 | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | ||||||||||||||||
Level 2 | Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. | ||||||||||||||||
Level 3 | Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. | ||||||||||||||||
The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2013: | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Available-for-sale securities | $ | 69,857 | $ | — | $ | — | $ | 69,857 | |||||||||
Foreign exchange contracts | — | (654 | ) | — | (654 | ) | |||||||||||
Contingent consideration | — | — | (5,845 | ) | (5,845 | ) | |||||||||||
$ | 69,857 | $ | (654 | ) | $ | (5,845 | ) | $ | 63,358 | ||||||||
The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2012: | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Available-for-sale securities | $ | 67,903 | $ | — | $ | — | $ | 67,903 | |||||||||
Interest rate swaps | — | (10,832 | ) | — | (10,832 | ) | |||||||||||
Foreign exchange contracts | — | (107 | ) | — | (107 | ) | |||||||||||
Contingent consideration | — | — | (806 | ) | (806 | ) | |||||||||||
$ | 67,903 | $ | (10,939 | ) | $ | (806 | ) | $ | 56,158 | ||||||||
The following table summarizes the Level 3 activity for the year ended December 31, 2013: | |||||||||||||||||
Balance as of December 31, 2012 | $ | (806 | ) | ||||||||||||||
Fair value of initial contingent consideration | (4,521 | ) | |||||||||||||||
Change in fair value of contingent consideration included in earnings | (518 | ) | |||||||||||||||
Balance as of December 31, 2013 | $ | (5,845 | ) | ||||||||||||||
The change in the fair value of contingent consideration is included in "Restructuring, integration, and other charges" in the company's consolidated statements of operations. | |||||||||||||||||
During 2013, 2012, and 2011 there were no transfers of assets (liabilities) measured at fair value between the three levels of the fair value hierarchy. | |||||||||||||||||
Available-For-Sale Securities | |||||||||||||||||
The company has an 8.4% equity ownership interest in Marubun Corporation ("Marubun"), a 1.9% equity ownership interest in WPG Holdings Co., Ltd. ("WPG"), and a portfolio of mutual funds with quoted market prices, all of which are accounted for as available-for-sale securities. | |||||||||||||||||
The fair value of the company's available-for-sale securities is as follows at December 31: | |||||||||||||||||
2013 | |||||||||||||||||
Marubun | WPG | Mutual Funds | |||||||||||||||
Cost basis | $ | 10,016 | $ | 10,798 | $ | 15,614 | |||||||||||
Unrealized holding gain | 2,709 | 24,903 | 5,817 | ||||||||||||||
Fair value | $ | 12,725 | $ | 35,701 | $ | 21,431 | |||||||||||
2012 | |||||||||||||||||
Marubun | WPG | Mutual Funds | |||||||||||||||
Cost basis | $ | 10,016 | $ | 10,798 | $ | 15,271 | |||||||||||
Unrealized holding gain | 85 | 29,784 | 1,949 | ||||||||||||||
Fair value | $ | 10,101 | $ | 40,582 | $ | 17,220 | |||||||||||
The fair values of these investments are included in "Other assets" in the company's consolidated balance sheets, and the related unrealized holding gains or losses are included in "Accumulated other comprehensive income" in the shareholders' equity section in the company's consolidated balance sheets. | |||||||||||||||||
Derivative Instruments | |||||||||||||||||
The company uses various financial instruments, including derivative instruments, for purposes other than trading. Certain derivative instruments are designated at inception as hedges and measured for effectiveness both at inception and on an ongoing basis. Derivative instruments not designated as hedges are marked-to-market each reporting period with any unrealized gains or losses recognized in earnings. | |||||||||||||||||
The fair values of derivative instruments in the consolidated balance sheets are as follows at December 31: | |||||||||||||||||
Asset (Liability) Derivatives | |||||||||||||||||
Fair Value | |||||||||||||||||
Balance Sheet | 2013 | 2012 | |||||||||||||||
Location | |||||||||||||||||
Derivative instruments designated as hedges: | |||||||||||||||||
Interest rate swaps designated as cash flow hedges | Accrued expenses | $ | — | $ | (10,832 | ) | |||||||||||
Foreign exchange contracts designated as cash flow hedges | Other current assets | 368 | 433 | ||||||||||||||
Foreign exchange contracts designated as cash flow hedges | Accrued expenses | (203 | ) | (45 | ) | ||||||||||||
Total derivative instruments designated as hedging instruments | 165 | (10,444 | ) | ||||||||||||||
Derivative instruments not designated as hedges: | |||||||||||||||||
Foreign exchange contracts | Other current assets | 1,275 | 1,561 | ||||||||||||||
Foreign exchange contracts | Accrued expenses | (2,094 | ) | (2,056 | ) | ||||||||||||
Total derivative instruments not designated as hedging instruments | (819 | ) | (495 | ) | |||||||||||||
Total | $ | (654 | ) | $ | (10,939 | ) | |||||||||||
The effect of derivative instruments on the consolidated statements of operations is as follows for the years ended December 31: | |||||||||||||||||
Gain (Loss) Recognized in Income | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Derivative instruments not designated as hedges: | |||||||||||||||||
Foreign exchange contracts (a) | $ | (144 | ) | $ | (3,777 | ) | $ | (3,633 | ) | ||||||||
Cash Flow Hedges | |||||||||||||||||
Interest Rate Swaps (b) | Foreign Exchange Contracts (c) | ||||||||||||||||
2013 | |||||||||||||||||
Effective portion: | |||||||||||||||||
Gain (loss) recognized in other comprehensive income | $ | 3,132 | $ | (243 | ) | ||||||||||||
Gain (loss) reclassified into income | $ | (537 | ) | $ | 439 | ||||||||||||
Ineffective portion: | |||||||||||||||||
Gain (loss) recognized in income | $ | 292 | $ | — | |||||||||||||
2012 | |||||||||||||||||
Effective portion: | |||||||||||||||||
Gain (loss) recognized in other comprehensive income | $ | (7,823 | ) | $ | 1,012 | ||||||||||||
Gain (loss) reclassified into income | $ | — | $ | (54 | ) | ||||||||||||
Ineffective portion: | |||||||||||||||||
Gain (loss) recognized in income | $ | — | $ | — | |||||||||||||
2011 | |||||||||||||||||
Effective portion: | |||||||||||||||||
Gain (loss) recognized in other comprehensive income | $ | (3,009 | ) | $ | (711 | ) | |||||||||||
Gain (loss) reclassified into income | $ | — | $ | 53 | |||||||||||||
Ineffective portion: | |||||||||||||||||
Gain (loss) recognized in income | $ | — | $ | — | |||||||||||||
(a) | The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations. | ||||||||||||||||
(b) | Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. | ||||||||||||||||
(c) | Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations. | ||||||||||||||||
Interest Rate Swaps | |||||||||||||||||
The company occasionally enters into interest rate swap transactions that convert certain fixed-rate debt to variable-rate debt or variable-rate debt to fixed-rate debt in order to manage its targeted mix of fixed- and floating-rate debt. The company uses the hypothetical derivative method to assess the effectiveness of its interest rate swaps on a quarterly basis. The effective portion of the change in the fair value of interest rate swaps designated as fair value hedges is recorded as a change to the carrying value of the related hedged debt, and the effective portion of the change in fair value of interest rate swaps designated as cash flow hedges is recorded in the shareholders' equity section in the company's consolidated balance sheets in "Accumulated other comprehensive income." The ineffective portion of the interest rate swaps, if any, is recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. | |||||||||||||||||
In September 2011, the company entered into a ten-year forward-starting interest rate swap (the "2011 swap") which locked in a treasury rate of 2.63% on an aggregate notional amount of $175,000. This swap managed the risk associated with changes in treasury rates and the impact of future interest payments. The 2011 swap related to the interest payments for anticipated debt issuances to replace the company's 6.875% senior notes due to mature in July 2013. The 2011 swap is classified as a cash flow hedge and had a negative fair value of $10,832 at December 31, 2012. In February 2013, the company paid $7,700 to terminate the 2011 swap upon issuance of the ten-year notes due in 2023. The fair value of the 2011 swap was recorded in the shareholders' equity section in the company's consolidated balance sheets in "Accumulated other comprehensive income" and will be reclassified into income over the ten-year term of the notes due in 2023. During 2013, the company reclassified $(245) into income relating to the 2011 swap. | |||||||||||||||||
In December 2010, the company entered into interest rate swaps, with an aggregate notional amount of $250,000. The swaps modified the company's interest rate exposure by effectively converting the fixed 3.375% notes due in November 2015 to a floating rate, based on the three-month U.S. dollar LIBOR plus a spread, through its maturity. In September 2011, these interest rate swap agreements were terminated for proceeds of $11,856, net of accrued interest. The proceeds of the swap terminations, less accrued interest, were reflected as a premium to the underlying debt and are being amortized as a reduction to interest expense over the remaining term of the underlying debt. | |||||||||||||||||
In June 2004 and November 2009, the company entered into interest rate swaps, with an aggregate notional amount of $275,000. The swaps modified the company's interest rate exposure by effectively converting a portion of the fixed 6.875% senior notes due in July 2013 to a floating rate, based on the six-month U.S. dollar LIBOR plus a spread, through its maturity. In September 2011, these interest rate swap agreements were terminated for proceeds of $12,203, net of accrued interest. The proceeds of the swap terminations, less accrued interest, were reflected as a premium to the underlying debt and were amortized as a reduction to interest expense over the term of the underlying debt. | |||||||||||||||||
Foreign Exchange Contracts | |||||||||||||||||
The company enters into foreign exchange forward, option, or swap contracts (collectively, the "foreign exchange contracts") to mitigate the impact of changes in foreign currency exchange rates. These contracts are executed to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and generally have terms of no more than six months. Gains or losses on these contracts are deferred and recognized when the underlying future purchase or sale is recognized or when the corresponding asset or liability is revalued. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions. The fair value of the foreign exchange contracts are estimated using market quotes. The notional amount of the foreign exchange contracts at December 31, 2013 and 2012 was $445,684 and $425,053, respectively. | |||||||||||||||||
Contingent Consideration | |||||||||||||||||
In connection with two of the 2013 acquisitions, payment of a portion of the respective purchase price is contingent upon the achievement of certain operating results, with maximum possible payouts of $6,000 over a two-year period and $5,400 at the end of a three-year period. Additionally, in connection with one of the 2012 acquisitions, payment of a portion of the respective purchase price is contingent upon the achievement of certain operating results, with a maximum possible payout of $18,000 over a three-year period. The company estimated the fair value of the contingent consideration as the present value of the expected contingent payments, determined using the weighted probabilities of the possible payments. The company reassesses the fair value of the contingent consideration on a quarterly basis. Contingent consideration of $2,123 and $3,722 was included in "Accrued expenses" and "Other liabilities" in the company's consolidated balance sheets as of December 31, 2013, respectively. At December 31, 2012, contingent consideration of $806 was included in "Other liabilities" in the company's consolidated balance sheets. A twenty percent increase or decrease in projected operating performance over the remaining performance period would not result in a material change in the fair value of the contingent consideration recorded as of December 31, 2013. | |||||||||||||||||
Other | |||||||||||||||||
The carrying amount of cash and cash equivalents, accounts receivable, net, and accounts payable approximate their fair value due to the short maturities of these financial instruments. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes [Text Block] | ' | |||||||||||
Income Taxes | ||||||||||||
The provision for income taxes for the years ended December 31 consists of the following: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
Federal | $ | 85,173 | $ | 134,276 | $ | 113,937 | ||||||
State | 15,845 | 22,072 | 19,416 | |||||||||
International | 81,052 | 52,708 | 88,509 | |||||||||
182,070 | 209,056 | 221,862 | ||||||||||
Deferred: | ||||||||||||
Federal | 22,973 | 9,690 | 25,729 | |||||||||
State | 2,438 | 2,572 | 3,328 | |||||||||
International | (25,138 | ) | (17,676 | ) | (40,434 | ) | ||||||
273 | (5,414 | ) | (11,377 | ) | ||||||||
$ | 182,343 | $ | 203,642 | $ | 210,485 | |||||||
The principal causes of the difference between the U.S. federal statutory tax rate of 35% and effective income tax rates for the years ended December 31 are as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
United States | $ | 326,990 | $ | 441,526 | $ | 405,508 | ||||||
International | 255,229 | 268,833 | 404,293 | |||||||||
Income before income taxes | $ | 582,219 | $ | 710,359 | $ | 809,801 | ||||||
Provision at statutory tax rate | $ | 203,777 | $ | 248,626 | $ | 283,430 | ||||||
State taxes, net of federal benefit | 11,885 | 16,019 | 14,784 | |||||||||
International effective tax rate differential | (22,059 | ) | (43,008 | ) | (48,785 | ) | ||||||
Change in valuation allowance | (8,253 | ) | (6,266 | ) | (49,826 | ) | ||||||
Other non-deductible expenses | 2,840 | 2,764 | 4,744 | |||||||||
Changes in tax accruals | (1,336 | ) | (10,613 | ) | 12,437 | |||||||
Other | (4,511 | ) | (3,880 | ) | (6,299 | ) | ||||||
Provision for income taxes | $ | 182,343 | $ | 203,642 | $ | 210,485 | ||||||
During 2013, the company recorded an increase in the provision for income taxes, inclusive of penalties, of $20,809 ($.20 per share on both a basic and diluted basis) and interest expense of $1,623 ($1,236 net of related taxes or $.01 per share on both a basic and diluted basis) relating to the settlement of certain international tax matters. | ||||||||||||
During 2011, the company recorded a net reduction in the provision for income taxes of $28,928 ($.25 per share on both a basic and diluted basis) principally due to a reversal of a valuation allowance on certain deferred tax assets as a result of a realignment of the company's international business operations. | ||||||||||||
At December 31, 2013, the company had a liability for unrecognized tax benefits of $45,987 (substantially all of which, if recognized, would favorably affect the company's effective tax rate), of which approximately $317 is expected to be paid over the next twelve months. The company does not believe there will be any other material changes in its unrecognized tax positions over the next twelve months. | ||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance at beginning of year | $ | 46,980 | $ | 63,498 | $ | 66,110 | ||||||
Additions based on tax positions taken during a prior period | 22,170 | 448 | 10,850 | |||||||||
Reductions based on tax positions taken during a prior period | (3,684 | ) | (11,824 | ) | (2,389 | ) | ||||||
Additions based on tax positions taken during the current period | 7,593 | 8,014 | 7,602 | |||||||||
Reductions related to settlement of tax matters | (24,450 | ) | (8,288 | ) | (12,879 | ) | ||||||
Reductions related to a lapse of applicable statute of limitations | (2,622 | ) | (4,868 | ) | (5,796 | ) | ||||||
Balance at end of year | $ | 45,987 | $ | 46,980 | $ | 63,498 | ||||||
Interest costs related to unrecognized tax benefits are classified as a component of "Interest and other financing expense, net" in the company's consolidated statements of operations. In 2013, 2012, and 2011 the company recognized $267, $18, and $2,068, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2013 and 2012, the company had a liability for the payment of interest of $10,637 and $10,599, respectively, related to unrecognized tax benefits. | ||||||||||||
In many cases the company's uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2013: | ||||||||||||
United States - Federal | 2010 - present | |||||||||||
United States - States | 2007 - present | |||||||||||
Germany (a) | 2010 - present | |||||||||||
Hong Kong | 2006 - present | |||||||||||
Italy (a) | 2008 - present | |||||||||||
Sweden | 2007 - present | |||||||||||
United Kingdom | 2011 - present | |||||||||||
(a) Includes federal as well as local jurisdictions. | ||||||||||||
Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the consolidated balance sheets. These temporary differences result in taxable or deductible amounts in future years. | ||||||||||||
The significant components of the company's deferred tax assets and liabilities, included primarily in "Other current assets," "Other assets," "Accrued expenses," and "Other liabilities" in the company's consolidated balance sheets, consist of the following at December 31: | ||||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Net operating loss carryforwards | $ | 92,784 | $ | 95,960 | ||||||||
Inventory adjustments | 43,009 | 45,201 | ||||||||||
Allowance for doubtful accounts | 16,513 | 17,008 | ||||||||||
Accrued expenses | 52,664 | 56,222 | ||||||||||
Interest carryforward | 64,717 | 46,876 | ||||||||||
Stock-based compensation awards | 11,507 | 14,266 | ||||||||||
Other comprehensive income items | 6,206 | 15,055 | ||||||||||
Other | 1,470 | 3,381 | ||||||||||
288,870 | 293,969 | |||||||||||
Valuation allowance | (16,156 | ) | (24,409 | ) | ||||||||
Total deferred tax assets | $ | 272,714 | $ | 269,560 | ||||||||
Deferred tax liabilities: | ||||||||||||
Goodwill | $ | (54,261 | ) | $ | (31,107 | ) | ||||||
Depreciation | (65,309 | ) | (61,896 | ) | ||||||||
Intangible assets | (66,919 | ) | (61,690 | ) | ||||||||
Total deferred tax liabilities | $ | (186,489 | ) | $ | (154,693 | ) | ||||||
Total net deferred tax assets | $ | 86,225 | $ | 114,867 | ||||||||
At December 31, 2013, the company had international tax loss carryforwards of approximately $237,579, of which $30,000 have expiration dates ranging from 2014 and 2033, and the remaining $207,579 have no expiration date. Deferred tax assets related to these international tax loss carryforwards were $67,415 with a corresponding valuation allowance of $11,168. | ||||||||||||
The company also has Federal net operating loss carryforwards of approximately $64,514 at December 31, 2013 which relate to acquired subsidiaries. These Federal net operating losses expire in various years beginning after 2020. The company has an agreement with the sellers of an acquired business to reimburse them for the company's utilization of certain Federal net operating loss carryforwards. | ||||||||||||
Valuation allowances reflect the deferred tax benefits that management is uncertain of the ability to utilize in the future. | ||||||||||||
Cumulative undistributed earnings of international subsidiaries were $2,813,169 at December 31, 2013. No deferred Federal income taxes were provided for the undistributed earnings as they are permanently reinvested in the company's international operations. | ||||||||||||
Income taxes paid, net of income taxes refunded, amounted to $235,102, $179,408, and $236,872 in 2013, 2012, and 2011, respectively. |
Restructuring_Integration_and_
Restructuring, Integration, and Other Charges | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Restructuring Charges [Abstract] | ' | ||||||||||||||||
Restructuring, Integration and Other Charges [Text Block] | ' | ||||||||||||||||
Restructuring, Integration, and Other Charges | |||||||||||||||||
In 2013, 2012, and 2011, the company recorded restructuring, integration, and other charges of $92,650 ($65,601 net of related taxes or $.64 and $.63 per share on a basic and diluted basis, respectively), $47,437 ($30,739 net of related taxes or $.28 per share on both a basic and diluted basis), and $37,811 ($28,054 net of related taxes or $.25 and $.24 per share on a basic and diluted basis, respectively), respectively. | |||||||||||||||||
The following table presents the components of the restructuring, integration, and other charges for the years ended December 31: | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Restructuring charges - current period actions | $ | 79,921 | $ | 43,333 | $ | 23,818 | |||||||||||
Restructuring and integration charges (credits) - actions taken in prior periods | 794 | 1,387 | (689 | ) | |||||||||||||
Acquisition-related expenses | 11,935 | 2,717 | 14,682 | ||||||||||||||
$ | 92,650 | $ | 47,437 | $ | 37,811 | ||||||||||||
2013 Restructuring Charge | |||||||||||||||||
The following table presents the components of the 2013 restructuring charge of $79,921 and activity in the related restructuring accrual for 2013: | |||||||||||||||||
Personnel | Facilities Costs | Other | Total | ||||||||||||||
Costs | |||||||||||||||||
Restructuring charge | $ | 66,233 | $ | 12,586 | $ | 1,102 | $ | 79,921 | |||||||||
Payments | (41,350 | ) | (6,870 | ) | — | (48,220 | ) | ||||||||||
Non-cash usage | — | — | (895 | ) | (895 | ) | |||||||||||
Foreign currency translation adjustment | 838 | 92 | 1 | 931 | |||||||||||||
Balance as of December 31, 2013 | $ | 25,721 | $ | 5,808 | $ | 208 | $ | 31,737 | |||||||||
The restructuring charge of $79,921 in 2013 includes personnel costs of $66,233, facilities costs of $12,586, and other costs of $1,102. The personnel costs are related to the elimination of approximately 870 positions within the global components business segment and approximately 310 positions within the global ECS business segment. The facilities costs are related to exit activities for 38 vacated facilities worldwide due to the company's continued efforts to streamline its operations and reduce real estate costs. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. | |||||||||||||||||
2012 Restructuring Charge | |||||||||||||||||
The following table presents the components of the 2012 restructuring charge of $43,333 and activity in the related restructuring accrual for 2012 and 2013: | |||||||||||||||||
Personnel | Facilities Costs | Asset Write-Downs | Total | ||||||||||||||
Costs | |||||||||||||||||
Restructuring charge | $ | 31,318 | $ | 5,416 | $ | 6,599 | $ | 43,333 | |||||||||
Payments | (20,983 | ) | (998 | ) | — | (21,981 | ) | ||||||||||
Non-cash usage | — | — | (6,599 | ) | (6,599 | ) | |||||||||||
Foreign currency translation adjustment | 166 | 24 | — | 190 | |||||||||||||
Balance as of December 31, 2012 | 10,501 | 4,442 | — | 14,943 | |||||||||||||
Restructuring charge (credit) | 675 | (189 | ) | — | 486 | ||||||||||||
Payments | (10,291 | ) | (3,261 | ) | — | (13,552 | ) | ||||||||||
Foreign currency translation adjustment | (12 | ) | (59 | ) | — | (71 | ) | ||||||||||
Balance as of December 31, 2013 | $ | 873 | $ | 933 | $ | — | $ | 1,806 | |||||||||
The restructuring charge of $43,333 in 2012 includes personnel costs of $31,318, facilities costs of $5,416, and asset write-downs of $6,599. The personnel costs are related to the elimination of approximately 505 positions within the global components business segment and approximately 360 positions within the global ECS business segment. The facilities costs are related to exit activities for 14 vacated facilities worldwide due to the company's continued efforts to streamline its operations and reduce real estate costs. The asset write-downs resulted from the company's decision to exit certain business activities which caused these assets to become redundant and have no future benefit. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. | |||||||||||||||||
2011 Restructuring Charge | |||||||||||||||||
The following table presents the components of the 2011 restructuring charge of $23,818 and activity in the related restructuring accrual for 2011, 2012, and 2013: | |||||||||||||||||
Personnel | Facilities Costs | Other | Total | ||||||||||||||
Costs | |||||||||||||||||
Restructuring charge | $ | 17,474 | $ | 5,387 | $ | 957 | $ | 23,818 | |||||||||
Payments | (11,830 | ) | (2,213 | ) | (957 | ) | (15,000 | ) | |||||||||
Foreign currency translation adjustment | (127 | ) | 16 | — | (111 | ) | |||||||||||
Balance as of December 31, 2011 | 5,517 | 3,190 | — | 8,707 | |||||||||||||
Restructuring charge | 2,413 | 423 | — | 2,836 | |||||||||||||
Payments | (6,883 | ) | (1,938 | ) | — | (8,821 | ) | ||||||||||
Foreign currency translation adjustment | (38 | ) | 7 | — | (31 | ) | |||||||||||
Balance as of December 31, 2012 | 1,009 | 1,682 | — | 2,691 | |||||||||||||
Restructuring charge (credit) | (133 | ) | 319 | — | 186 | ||||||||||||
Payments | (194 | ) | (1,326 | ) | — | (1,520 | ) | ||||||||||
Foreign currency translation adjustment | 28 | (2 | ) | — | 26 | ||||||||||||
Balance as of December 31, 2013 | $ | 710 | $ | 673 | $ | — | $ | 1,383 | |||||||||
The restructuring charge of $23,818 in 2011 primarily includes personnel costs of $17,474 and facilities costs of $5,387. The personnel costs are related to the elimination of approximately 280 positions within the global components business segment and approximately 240 positions within the global ECS business segment. The facilities costs are related to exit activities for 18 vacated facilities in the Americas and EMEA due to the company's continued efforts to streamline its operations and reduce real estate costs. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency, primarily related to the integration of recently acquired businesses. | |||||||||||||||||
Restructuring and Integration Accruals Related to Actions Taken Prior to 2011 | |||||||||||||||||
Included in restructuring, integration, and other charges for 2013 are restructuring and integration charges of $122 related to restructuring and integration actions taken prior to 2011. The restructuring and integration charge includes adjustments to personnel costs of $(8) and facilities costs of $130. The restructuring and integration accruals related to actions taken prior to 2011 of $1,225, include accruals for personnel costs of $239 and accruals for facilities costs of $986. | |||||||||||||||||
Restructuring and Integration Accrual Summary | |||||||||||||||||
In summary, the restructuring and integration accruals aggregate $36,151 at December 31, 2013, all of which are expected to be spent in cash, and are expected to be utilized as follows: | |||||||||||||||||
• | The accruals for personnel costs totaling $27,543 to cover the termination of personnel are primarily expected to be spent within one year. | ||||||||||||||||
• | The accruals for facilities costs totaling $8,400 relate to vacated leased properties that have scheduled payments of $5,465 in 2014, $1,970 in 2015, $584 in 2016, $255 in 2017, and $126 in 2018. | ||||||||||||||||
• | Other accruals of $208 are expected to be spent within one year. | ||||||||||||||||
Acquisition-Related Expenses | |||||||||||||||||
Included in restructuring, integration, and other charges for 2013 are acquisition-related expenses of $11,935, primarily consisting of charges related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional fees directly related to recent acquisition activity. | |||||||||||||||||
Included in restructuring, integration, and other charges for 2012 are acquisition-related expenses of $2,717, primarily consisting of charges related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional fees directly related to recent acquisition activity, net of adjustments for changes in the fair value of contingent consideration of $9,584 which were conditional upon the financial performance of the acquired companies. | |||||||||||||||||
Included in restructuring, integration, and other charges for 2011 are acquisition-related expenses of $14,682, primarily consisting of professional fees and other costs directly related to recent acquisition activity. |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||
Shareholders' Equity [Text Block] | ' | ||||||||||||||||||||
Shareholders' Equity | |||||||||||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||||||||||
The following table presents the changes in the balances of each component of accumulated other comprehensive income: | |||||||||||||||||||||
Foreign Currency Translation Adjustment | Unrealized Gain (Loss) on Investment Securities, Net | Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net | Employee Benefit Plan Items, Net | Total | |||||||||||||||||
Balance as of December 31, 2012 | $ | 182,632 | $ | 19,617 | $ | (6,669 | ) | $ | (50,443 | ) | $ | 145,137 | |||||||||
Other comprehensive income before reclassifications (a) | 66,232 | 1,027 | 1,923 | 8,647 | 77,829 | ||||||||||||||||
Amounts reclassified into income | (439 | ) | — | 152 | 2,873 | 2,586 | |||||||||||||||
Net change in accumulated other comprehensive income for the year ended December 31, 2013 | 65,793 | 1,027 | 2,075 | 11,520 | 80,415 | ||||||||||||||||
Balance as of December 31, 2013 | $ | 248,425 | $ | 20,644 | $ | (4,594 | ) | $ | (38,923 | ) | $ | 225,552 | |||||||||
(a) | Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(17,557) for 2013. | ||||||||||||||||||||
Common Stock Outstanding Activity | |||||||||||||||||||||
The following table sets forth the activity in the number of shares outstanding (in thousands): | |||||||||||||||||||||
Common Stock Issued | Treasury Stock | Common Stock Outstanding | |||||||||||||||||||
Common stock outstanding at December 31, 2010 | 125,337 | 10,690 | 114,647 | ||||||||||||||||||
Shares issued for stock-based compensation awards | 45 | (2,662 | ) | 2,707 | |||||||||||||||||
Repurchases of common stock | — | 5,540 | (5,540 | ) | |||||||||||||||||
Common stock outstanding at December 31, 2011 | 125,382 | 13,568 | 111,814 | ||||||||||||||||||
Shares issued for stock-based compensation awards | 42 | (1,326 | ) | 1,368 | |||||||||||||||||
Repurchases of common stock | — | 7,181 | (7,181 | ) | |||||||||||||||||
Common stock outstanding at December 31, 2012 | 125,424 | 19,423 | 106,001 | ||||||||||||||||||
Shares issued for stock-based compensation awards | — | (2,772 | ) | 2,772 | |||||||||||||||||
Repurchases of common stock | — | 8,837 | (8,837 | ) | |||||||||||||||||
Common stock outstanding at December 31, 2013 | 125,424 | 25,488 | 99,936 | ||||||||||||||||||
The company has 2,000,000 authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2013 and 2012. | |||||||||||||||||||||
Share-Repurchase Programs | |||||||||||||||||||||
In February 2013, the company's Board of Directors (the "Board") approved the repurchase of up to $200,000 of the company's common stock through a share-repurchase program. In July 2013, the company's Board approved an additional repurchase of up to $200,000 of the company's common stock. As of December 31, 2013, the company repurchased 6,032,892 shares under these programs with a market value of $248,571 at the dates of repurchase. |
Net_Income_Per_Share
Net Income Per Share | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||
Net Income Per Share [Text Block] | ' | |||||||||||||
Net Income Per Share | ||||||||||||||
The following table presents the computation of net income per share on a basic and diluted basis for the years ended December 31 (shares in thousands): | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Net income attributable to shareholders | $ | 399,420 | $ | 506,332 | $ | 598,810 | ||||||||
Weighted-average shares outstanding - basic | 102,559 | 109,240 | 114,025 | |||||||||||
Net effect of various dilutive stock-based compensation awards | 1,140 | 1,837 | 1,907 | |||||||||||
Weighted-average shares outstanding - diluted | 103,699 | 111,077 | 115,932 | |||||||||||
Net income per share: | ||||||||||||||
Basic | $ | 3.89 | $ | 4.64 | $ | 5.25 | ||||||||
Diluted (a) | $ | 3.85 | $ | 4.56 | $ | 5.17 | ||||||||
(a) | Stock-based compensation awards for the issuance of 874 shares, 1,424 shares, and 1,051 shares for the years ended December 31, 2013, 2012, and 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive. |
Employee_Stock_Plans
Employee Stock Plans | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||
Employee Stock Plans [Text Block] | ' | |||||||||||||
Employee Stock Plans | ||||||||||||||
Omnibus Plan | ||||||||||||||
The company maintains the Arrow Electronics, Inc. 2004 Omnibus Incentive Plan (the "Omnibus Plan"), which replaced the Arrow Electronics, Inc. Stock Option Plan, the Arrow Electronics, Inc. Restricted Stock Plan, the 2002 Non-Employee Directors Stock Option Plan, the Non-Employee Directors Deferral Plan, and the 1999 CEO Bonus Plan (collectively, the "Prior Plans"). The Omnibus Plan broadens the array of equity alternatives available to the company when designing compensation incentives. The Omnibus Plan permits the grant of cash-based awards, non-qualified stock options, incentive stock options ("ISOs"), stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, covered employee annual incentive awards, and other stock-based awards. The Compensation Committee of the company's Board of Directors (the "Compensation Committee") determines the vesting requirements, termination provision, and the terms of the award for any awards under the Omnibus Plan when such awards are issued. | ||||||||||||||
Under the terms of the Omnibus Plan, a maximum of 21,800,000 shares of common stock may be awarded, subject to adjustment. There were 4,405,137 and 6,178,635 shares available for grant under the Omnibus Plan as of December 31, 2013 and 2012, respectively. Shares currently subject to awards granted under the Prior Plans, which cease to be subject to such awards for any reason other than exercise for, or settlement in, shares will also be available under the Omnibus Plan. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted stock, restricted stock units, performance shares, and performance units count against the authorization at a rate of 1.69 to 1. | ||||||||||||||
After adoption of the Omnibus Plan, there were no additional awards made under any of the Prior Plans, though awards previously granted under the Prior Plans will survive according to their terms. | ||||||||||||||
Stock Options | ||||||||||||||
Under the Omnibus Plan, the company may grant both ISOs and non-qualified stock options. ISOs may only be granted to employees of the company, its subsidiaries, and its affiliates. The exercise price for options cannot be less than the fair market value of Arrow's common stock on the date of grant. Options generally become exercisable in equal installments over a four-year period. Options currently outstanding have terms of ten years. | ||||||||||||||
The following information relates to the stock option activity for the year ended December 31, 2013: | ||||||||||||||
Shares | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Life | Aggregate Intrinsic Value | |||||||||||
Outstanding at December 31, 2012 | 3,008,520 | $ | 32.93 | |||||||||||
Granted | 489,779 | 41.56 | ||||||||||||
Exercised | (1,180,151 | ) | 30.52 | |||||||||||
Forfeited | (90,040 | ) | 37.29 | |||||||||||
Outstanding at December 31, 2013 | 2,228,108 | 35.92 | 76 | months | $ | 40,834 | ||||||||
Exercisable at December 31, 2013 | 1,134,833 | 32.68 | 54 | months | $ | 24,475 | ||||||||
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the company's closing stock price on the last trading day of 2013 and the exercise price, multiplied by the number of in-the-money options) received by the option holders had all option holders exercised their options on December 31, 2013. This amount changes based on the market value of the company's stock. | ||||||||||||||
The total intrinsic value of options exercised during 2013, 2012, and 2011 was $16,345, $7,675, and $17,642, respectively. | ||||||||||||||
Cash received from option exercises during 2013, 2012, and 2011 was $36,014, $13,372, and $46,665, respectively, and is included within the financing activities section in the company's consolidated statements of cash flows. The actual tax benefit realized from share-based payment awards during 2013, 2012, and 2011 was $21,882, $11,842, and $19,796, respectively. | ||||||||||||||
The fair value of stock options was estimated using the Black-Scholes valuation model with the following weighted-average assumptions for the years ended December 31: | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Volatility (percent) (a) | 41 | 39 | 37 | |||||||||||
Expected term (in years) (b) | 5.4 | 5.3 | 5.5 | |||||||||||
Risk-free interest rate (percent) (c) | 1 | 1 | 2.4 | |||||||||||
(a) | Volatility is measured using historical daily price changes of the company's common stock over the expected term of the option. | |||||||||||||
(b) | The expected term represents the weighted-average period the option is expected to be outstanding and is based primarily on the historical exercise behavior of employees. | |||||||||||||
(c) | The risk-free interest rate is based on the U.S. Treasury zero-coupon yield with a maturity that approximates the expected term of the option. | |||||||||||||
There is no expected dividend yield. | ||||||||||||||
The weighted-average fair value per option granted was $15.83, $15.20, and $14.80 during 2013, 2012, and 2011, respectively. | ||||||||||||||
Performance Awards | ||||||||||||||
The Compensation Committee, subject to the terms and conditions of the Omnibus Plan, may grant performance share and/or performance unit awards (collectively "performance awards"). The fair value of a performance award is the fair market value of the company's common stock on the date of grant. Such awards will be earned only if performance goals over performance periods established by or under the direction of the Compensation Committee are met. The performance goals and periods may vary from participant-to-participant, group-to-group, and time-to-time. The performance awards will be delivered in common stock at the end of the service period based on the company's actual performance compared to the target metric and may be from 0% to 175% of the initial award. Compensation expense is recognized using the graded vesting method over the three-year service period and is adjusted each period based on the current estimate of performance compared to the target metric. | ||||||||||||||
Restricted Stock | ||||||||||||||
Subject to the terms and conditions of the Omnibus Plan, the Compensation Committee may grant shares of restricted stock and/or restricted stock units. Restricted stock units are similar to restricted stock except that no shares are actually awarded to the participant on the date of grant. Shares of restricted stock and/or restricted stock units awarded under the Omnibus Plan may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable period of restriction established by the Compensation Committee and specified in the award agreement (and in the case of restricted stock units until the date of delivery or other payment). Compensation expense is recognized on a straight-line basis as shares become free of forfeiture restrictions (i.e., vest) generally over a four-year period. | ||||||||||||||
Non-Employee Director Awards | ||||||||||||||
The company's Board shall set the amounts and types of equity awards that shall be granted to all non-employee directors on a periodic, nondiscriminatory basis pursuant to the Omnibus Plan, as well as any additional amounts, if any, to be awarded, also on a periodic, nondiscriminatory basis, based on each of the following: the number of committees of the Board on which a non-employee director serves, service of a non-employee director as the chair of a Committee of the Board, service of a non-employee director as Chairman of the Board or Lead Director, or the first selection or appointment of an individual to the Board as a non-employee director. Non-employee directors currently receive annual awards of fully-vested restricted stock units valued at $130. All restricted stock units are settled in common stock following the director's separation from the Board. | ||||||||||||||
Unless a non-employee director gives notice setting forth a different percentage, 50% of each director's annual retainer fee is deferred and converted into units based on the fair market value of the company's stock as of the date it was payable. Upon a non-employee director's termination of Board service, each unit in their deferral account will be converted into a share of company stock and distributed to the non-employee director as soon as practicable following such date. | ||||||||||||||
Summary of Non-Vested Shares | ||||||||||||||
The following information summarizes the changes in non-vested performance shares, performance units, restricted stock, and restricted stock units for 2013: | ||||||||||||||
Shares | Weighted- Average Grant Date Fair Value | |||||||||||||
Non-vested shares at December 31, 2012 | 2,784,653 | $ | 32.56 | |||||||||||
Granted | 1,017,669 | 39.08 | ||||||||||||
Vested | (1,511,109 | ) | 26.44 | |||||||||||
Forfeited | (204,794 | ) | 37.88 | |||||||||||
Non-vested shares at December 31, 2013 | 2,086,419 | 39.65 | ||||||||||||
The total fair value of shares vested during 2013, 2012, and 2011 was $59,876, $34,593, and $48,055, respectively. | ||||||||||||||
As of December 31, 2013, there was $41,520 of total unrecognized compensation cost related to non-vested shares and stock options which is expected to be recognized over a weighted-average period of 2.2 years. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||
Employee Benefit Plans [Text Block] | ' | |||||||||||||||
Employee Benefit Plans | ||||||||||||||||
The company maintains an unfunded Arrow supplemental executive retirement plan ("SERP") under which the company will pay supplemental pension benefits to certain employees upon retirement. As of December 31, 2013, there were 10 current and 16 former corporate officers participating in this plan. The Board determines those employees who are eligible to participate in the Arrow SERP. | ||||||||||||||||
The Arrow SERP, as amended, provides for the pension benefits to be based on a percentage of average final compensation, based on years of participation in the Arrow SERP. The Arrow SERP permits early retirement, with payments at a reduced rate, based on age and years of service subject to a minimum retirement age of 55. Participants whose accrued rights under the Arrow SERP, prior to the 2002 amendment, which were adversely affected by the amendment, will continue to be entitled to such greater rights. | ||||||||||||||||
Additionally, as part of the company's acquisition of Wyle Electronics ("Wyle") in 2000, Wyle provided retirement benefits for certain employees under a defined benefit plan. Benefits under this plan were frozen as of December 31, 2000. | ||||||||||||||||
The company uses a December 31 measurement date for the Arrow SERP and the Wyle defined benefit plan. Pension information for the years ended December 31 is as follows: | ||||||||||||||||
Arrow SERP | Wyle Defined Benefit Plan | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Accumulated benefit obligation | $ | 67,320 | $ | 63,584 | $ | 126,481 | $ | 128,771 | ||||||||
Changes in projected benefit obligation: | ||||||||||||||||
Projected benefit obligation at beginning of year | $ | 73,327 | $ | 61,690 | $ | 128,771 | $ | 118,191 | ||||||||
Service cost | 2,126 | 2,064 | — | — | ||||||||||||
Interest cost | 2,846 | 3,031 | 5,038 | 5,442 | ||||||||||||
Actuarial loss (gain) | 301 | 9,780 | (1,158 | ) | 10,808 | |||||||||||
Benefits paid | (3,288 | ) | (3,238 | ) | (6,170 | ) | (5,670 | ) | ||||||||
Projected benefit obligation at end of year | $ | 75,312 | $ | 73,327 | $ | 126,481 | $ | 128,771 | ||||||||
Changes in plan assets: | ||||||||||||||||
Fair value of plan assets at beginning of year | $ | — | $ | — | $ | 92,976 | $ | 81,719 | ||||||||
Actual return on plan assets | — | — | 17,608 | 11,477 | ||||||||||||
Company contributions | — | — | 300 | 5,450 | ||||||||||||
Benefits paid | — | — | (6,170 | ) | (5,670 | ) | ||||||||||
Fair value of plan assets at end of year | $ | — | $ | — | $ | 104,714 | $ | 92,976 | ||||||||
Funded status | $ | (75,312 | ) | $ | (73,327 | ) | $ | (21,767 | ) | $ | (35,795 | ) | ||||
Amounts recognized in the company's consolidated balance sheets: | ||||||||||||||||
Current liabilities | $ | (3,531 | ) | $ | (3,483 | ) | $ | — | $ | — | ||||||
Noncurrent liabilities | (71,781 | ) | (69,844 | ) | (21,767 | ) | (35,795 | ) | ||||||||
Net assets (liabilities) at end of year | $ | (75,312 | ) | $ | (73,327 | ) | $ | (21,767 | ) | $ | (35,795 | ) | ||||
Components of net periodic pension cost: | ||||||||||||||||
Service cost | $ | 2,126 | $ | 2,064 | $ | — | $ | — | ||||||||
Interest cost | 2,846 | 3,031 | 5,038 | 5,442 | ||||||||||||
Expected return on plan assets | — | — | (6,516 | ) | (6,200 | ) | ||||||||||
Amortization of net loss | 2,707 | 2,013 | 1,956 | 1,745 | ||||||||||||
Amortization of prior service cost | 42 | 42 | — | — | ||||||||||||
Net periodic pension cost | $ | 7,721 | $ | 7,150 | $ | 478 | $ | 987 | ||||||||
Weighted-average assumptions used to determine benefit obligation: | ||||||||||||||||
Discount rate | 4.5 | % | 4 | % | 4.5 | % | 4 | % | ||||||||
Rate of compensation increase | 5 | % | 5 | % | N/A | N/A | ||||||||||
Expected return on plan assets | N/A | N/A | 6.75 | % | 7.25 | % | ||||||||||
Weighted-average assumptions used to determine net periodic pension cost: | ||||||||||||||||
Discount rate | 4 | % | 4.75 | % | 4 | % | 4.75 | % | ||||||||
Rate of compensation increase | 5 | % | 5 | % | N/A | N/A | ||||||||||
Expected return on plan assets | N/A | N/A | 7.25 | % | 7.5 | % | ||||||||||
The amounts reported for net periodic pension cost and the respective benefit obligation amounts are dependent upon the actuarial assumptions used. The company reviews historical trends, future expectations, current market conditions, and external data to determine the assumptions. The discount rate represents the market rate for a high-quality corporate bond. The rate of compensation increase is determined by the company, based upon its long-term plans for such increases. The expected return on plan assets is based on current and expected asset allocations, historical trends, and projected returns on those assets. The actuarial assumptions used to determine the net periodic pension cost are based upon the prior year's assumptions used to determine the benefit obligation. | ||||||||||||||||
Benefit payments are expected to be paid as follows: | ||||||||||||||||
Arrow SERP | Wyle Defined Benefit Plan | |||||||||||||||
2014 | $ | 3,602 | $ | 6,755 | ||||||||||||
2015 | 3,564 | 6,804 | ||||||||||||||
2016 | 3,617 | 6,980 | ||||||||||||||
2017 | 3,568 | 7,053 | ||||||||||||||
2018 | 4,054 | 7,089 | ||||||||||||||
2019-2023 | 25,890 | 37,572 | ||||||||||||||
The company makes contributions to the Wyle defined benefit plan so that minimum contribution requirements, as determined by government regulations, are met. The company made contributions of $300 and $5,450 in 2013 and 2012, respectively, and expects to make estimated contributions of $5,600 in 2014. | ||||||||||||||||
The fair values of the company's pension plan assets for the Wyle defined benefit plan at December 31, 2013, utilizing the fair value hierarchy discussed in Note 7, are as follows: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Equities: | ||||||||||||||||
U.S. common stocks | $ | 42,638 | $ | — | $ | — | $ | 42,638 | ||||||||
International mutual funds | 15,276 | — | — | 15,276 | ||||||||||||
Index mutual funds | 15,482 | — | — | 15,482 | ||||||||||||
Fixed Income: | ||||||||||||||||
Mutual funds | 27,827 | — | — | 27,827 | ||||||||||||
Insurance contracts | — | 3,491 | — | 3,491 | ||||||||||||
Total | $ | 101,223 | $ | 3,491 | $ | — | $ | 104,714 | ||||||||
The fair values of the company's pension plan assets for the Wyle defined benefit plan at December 31, 2012, utilizing the fair value hierarchy discussed in Note 7, are as follows: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash Equivalents: | ||||||||||||||||
Common collective trusts | $ | — | $ | 749 | $ | — | $ | 749 | ||||||||
Equities: | ||||||||||||||||
U.S. common stocks | 33,806 | — | — | 33,806 | ||||||||||||
International mutual funds | 12,714 | — | — | 12,714 | ||||||||||||
Index mutual funds | 12,674 | — | — | 12,674 | ||||||||||||
Fixed Income: | ||||||||||||||||
Mutual funds | 30,374 | — | — | 30,374 | ||||||||||||
Insurance contracts | — | 2,659 | — | 2,659 | ||||||||||||
Total | $ | 89,568 | $ | 3,408 | $ | — | $ | 92,976 | ||||||||
The investment portfolio contains a diversified blend of common stocks, bonds, cash equivalents, and other investments, which may reflect varying rates of return. The investments are further diversified within each asset classification. The portfolio diversification provides protection against a single security or class of securities having a disproportionate impact on aggregate performance. The long-term target allocations for plan assets are 65% in equities and 35% in fixed income, although the actual plan asset allocations may be within a range around these targets. The actual asset allocations are reviewed and rebalanced on a periodic basis to maintain the target allocations. | ||||||||||||||||
Comprehensive Income Items | ||||||||||||||||
In 2013, 2012, and 2011, actuarial (gains) losses of $(7,615), $9,120, and $15,228, respectively, were recognized in comprehensive income, net of related taxes, related to the company's defined benefit plans. In 2013, 2012, and 2011, the following amounts were recognized as a reclassification adjustment of comprehensive income, net of related taxes, as a result of being recognized in net periodic pension cost: prior service cost of $19, $19, and $19, respectively and an actuarial loss of $2,854, $2,311, and $1,103, respectively. | ||||||||||||||||
Included in accumulated other comprehensive loss at December 31, 2013 and 2012 are the following amounts, net of related taxes, that have not yet been recognized in net periodic pension cost: unrecognized prior service costs of $7 and $25, respectively, and unrecognized actuarial losses of $36,584 and $47,053, respectively. | ||||||||||||||||
The prior service cost and actuarial loss included in accumulated other comprehensive loss, net of related taxes, which are expected to be recognized in net periodic pension cost for the year ended December 31, 2014 are $19 and $2,500, respectively. | ||||||||||||||||
Stock Ownership Plan | ||||||||||||||||
Effective December 31, 2012, the company froze its noncontributory employee stock ownership plan to new participants and no further contributions were made by the company in 2013 on behalf of participants in the plan. The account balances of participants in the plan as of December 31, 2012 became fully vested. The plan enabled most United States employees to acquire shares of the company's common stock. Contributions, which were determined by the Board, were in the form of common stock or cash, which was used to purchase the company's common stock for the benefit of participating employees. Contributions to the plan in 2012 and 2011 were $5,966 and $5,222, respectively. | ||||||||||||||||
Defined Contribution Plan | ||||||||||||||||
The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company's contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $14,102, $14,014, and $10,063 in 2013, 2012, and 2011, respectively. In lieu of contributions to the employee stock ownership plan, which was frozen on December 31, 2012 as described above, the company made discretionary contributions to the company's defined benefit 401(k) plan, which amounted to $7,403 in 2013. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $26,038, $23,990, and $23,450 in 2013, 2012, and 2011, respectively. |
Lease_Comitments
Lease Comitments | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Lease Commitments [Abstract] | ' | ||||||
Lease Commitments [Table Text Block] | ' | ||||||
Lease Commitments | |||||||
The company leases certain office, distribution, and other property under non-cancelable operating leases expiring at various dates through 2023. Rental expense under non-cancelable operating leases, net of sublease income, amounted to $79,966, $79,104, and $74,882 in 2013, 2012, and 2011, respectively. | |||||||
Aggregate minimum rental commitments under all non-cancelable operating leases, exclusive of real estate taxes, insurance, and leases related to facilities closed as a result of the integration of acquired businesses and the restructuring of the company, are as follows: | |||||||
2014 | $ | 60,191 | |||||
2015 | 51,597 | ||||||
2016 | 30,199 | ||||||
2017 | 21,268 | ||||||
2018 | 12,945 | ||||||
Thereafter | 21,367 | ||||||
Contingencies
Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Contingencies [Text Block] | ' |
Contingencies | |
2012 Settlement of Legal Matter | |
In connection with the purchase of Wyle in August 2000, the company acquired certain of the then outstanding obligations of Wyle, including Wyle's indemnification obligations to the purchasers of its Wyle Laboratories division for environmental clean-up costs associated with any then existing contamination or violation of environmental regulations. Under the terms of the company's purchase of Wyle from the sellers, the sellers agreed to indemnify the company for certain costs associated with the Wyle environmental obligations, among other things. During 2012, the company entered into a settlement agreement with the sellers pursuant to which the sellers paid $110,000 and the company released the sellers from their indemnification obligation. In connection with this settlement, the company recorded a gain on the settlement of legal matters of $79,158 ($48,623 net of related taxes or $.45 and $.44 per share on a basic and diluted basis, respectively) representing the difference between the settlement amount and the amount receivable from the sellers for reimbursement of costs incurred by the company. As part of the settlement agreement the company accepted responsibility for any potential subsequent costs incurred related to the Wyle matters. The company is aware of two Wyle Laboratories facilities (in Huntsville, Alabama and Norco, California) at which contaminated groundwater was identified and will require environmental remediation. In addition, the company was named as a defendant in several lawsuits related to the Norco facility and a third site in El Segundo, California which have now been settled to the satisfaction of the parties. | |
The company expects these environmental liabilities to be resolved over an extended period of time. Costs are recorded for environmental matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Accruals for environmental liabilities are adjusted periodically as facts and circumstances change, assessment and remediation efforts progress, or as additional technical or legal information becomes available. Environmental liabilities are difficult to assess and estimate due to various unknown factors such as the timing and extent of remediation, improvements in remediation technologies, and the extent to which environmental laws and regulations may change in the future. Accordingly the company cannot presently fully estimate the ultimate potential costs related to these sites until such time as a substantial portion of the investigation at the sites is completed and remedial action plans are developed and, in some instances implemented. To the extent that future environmental costs exceed amounts currently accrued by the company, net income would be adversely impacted and such impact could be material. | |
Accruals for environmental liabilities are included in "Accrued expenses" and "Other liabilities" in the company's consolidated balance sheets. | |
As successor-in-interest to Wyle, the company is the beneficiary of various Wyle insurance policies that covered liabilities arising out of operations at Norco and Huntsville. To date, the company has recovered approximately $33,000 from certain insurance carriers. The company continues to seek recovery from an umbrella liability policy carrier for its proportional share of the total Norco liability. The company is considering the best way to pursue its potential claims against insurers regarding liabilities arising out of operations at Huntsville. The resolution of these matters will likely take several years. The company has not recorded a receivable for any potential future insurance recoveries related to the Norco and Huntsville environmental matters, as the realization of the claims for recovery are not deemed probable at this time. | |
The company believes the settlement amount together with potential recoveries from various insurance policies covering environmental remediation and related litigation will be sufficient to cover any potential future costs related to the Wyle acquisition; however, it is possible unexpected costs beyond those anticipated could occur. | |
Environmental Matters - Huntsville | |
Characterization of the extent of contaminated soil and groundwater continues at the site in Huntsville, Alabama. Under the direction of the Alabama Department of Environmental Management, approximately $4,000 was spent to date. The pace of the ongoing remedial investigations, project management, and regulatory oversight is likely to increase somewhat and though the complete scope of the activities is not yet known, the company currently estimates additional investigative and related expenditures at the site of approximately $500 to $750. The nature and scope of both feasibility studies and subsequent remediation at the site has not yet been determined, but assuming the outcome includes source control and certain other measures, the cost is estimated to be between $3,000 and $4,000. | |
Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work is not yet known, and, accordingly, the associated costs have yet to be determined. | |
Environmental Matters - Norco | |
In October 2003, the company entered into a consent decree with Wyle Laboratories and the California Department of Toxic Substance Control (the "DTSC") in connection with the Norco site. In April 2005, a Remedial Investigation Work Plan was approved by DTSC that provided for site-wide characterization of known and potential environmental issues. Investigations performed in connection with this work plan and a series of subsequent technical memoranda continued until the filing of a final Remedial Investigation Report early in 2008. Work is under way pertaining to the remediation of contaminated groundwater at certain areas on the Norco site and of soil gas in a limited area immediately adjacent to the site. In 2008, a hydraulic containment system was installed to capture and treat groundwater before it moves into the adjacent offsite area. In September 2013, the DTSC approved the final Remedial Action Plan ("RAP") and work is currently progressing under the RAP. The approval of the RAP includes the potential for additional remediation action after the five year review of the hydraulic containment system if the review finds that contaminants have not been sufficiently reduced in the offsite area. | |
Approximately $44,000 was spent to date on remediation, project management, regulatory oversight, and investigative and feasibility study activities. The company currently estimates that these activities will give rise to an additional $17,600 to $24,500. Project management and regulatory oversight include costs incurred by project consultants for project management and costs billed by DTSC to provide regulatory oversight. | |
Despite the amount of work undertaken and planned to date, the company is unable to estimate any potential costs in addition to those discussed above because the complete scope of the work under the RAP is not yet known, and, accordingly, the associated costs have yet to be determined. | |
2011 Settlement of Legal Matter | |
During 2011, the company recorded a charge of $5,875 ($3,609 net of related taxes or $.03 per share on both a basic and diluted basis) in connection with the settlement of a legal matter, inclusive of related legal costs. This matter related to a customer dispute that originated in 1997. The company had successfully defended itself in a trial, but the verdict was subsequently overturned, in part, by an appellate court and remanded for a new trial. The company ultimately decided to settle this matter to avoid further legal expense and the burden on management's time that such a trial would entail. | |
Tekelec Matter | |
In 2000, the company purchased Tekelec Europe SA ("Tekelec") from Tekelec Airtronic SA and certain other selling shareholders. Subsequent to the closing of the acquisition, Tekelec received a product liability claim in the amount of €11,333. The product liability claim was the subject of a French legal proceeding started by the claimant in 2002, under which separate determinations were made as to whether the products that are subject to the claim were defective and the amount of damages sustained by the purchaser. The manufacturer of the products also participated in this proceeding. The claimant has commenced legal proceedings against Tekelec and its insurers to recover damages in the amount of €3,742 and expenses of €312 plus interest. In May 2012, the French court ruled in favor of Tekelec and dismissed the plaintiff's claims. However, that decision has been appealed by the plaintiff. The company believes that any amount in addition to the amount accrued by the company would not materially adversely impact the company's consolidated financial position, liquidity, or results of operations. | |
Antitrust Investigation | |
On January 21, 2014, the company received a Civil Investigative Demand in connection with an investigation by the Federal Trade Commission ("FTC") relating generally to the use of a database program (the “database program”) that has operated for more than ten years under the auspices of the Global Technology Distribution Council ("GTDC"), a trade group of which the company is a member. Under the database program, certain members of the GTDC who participate in the program provide sales data to a third party independent contractor chosen by the GTDC. The data is aggregated by the third party and the aggregated data is made available to the program participants. The company understands that other members participating in the database program have received similar Civil Investigative Demands. | |
The company is in the process of responding to the Civil Investigative Demand. The Civil Investigative Demand merely seeks information, and no proceedings have been instituted against any person. The company has conducted a preliminary review, and does not have any reason to believe that there has been any conduct by the company or its employees that would be actionable under the antitrust laws in connection with its participation in the database program. Since this matter is at a preliminary stage, it is not possible to predict the potential impact, if any, of the Civil Investigative Demand or whether any actions may be instituted by the FTC against any person. | |
Other | |
From time to time, in the normal course of business, the company may become liable with respect to other pending and threatened litigation, environmental, regulatory, labor, product, and tax matters. While such matters are subject to inherent uncertainties, it is not currently anticipated that any such matters will materially impact the company's consolidated financial position, liquidity, or results of operations. |
Segment_and_Geographic_Informa
Segment and Geographic Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment and Geographic Information [Text Block] | ' | ||||||||||||
Segment and Geographic Information | |||||||||||||
The company is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company distributes electronic components to original equipment manufacturers and contract manufacturers through its global components business segment and provides enterprise computing solutions to value-added resellers through its global ECS business segment. As a result of the company's philosophy of maximizing operating efficiencies through the centralization of certain functions, selected fixed assets and related depreciation, as well as borrowings, are not directly attributable to the individual operating segments and are included in the corporate business segment. | |||||||||||||
Sales and operating income (loss), by segment, for the years ended December 31 are as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Sales: | |||||||||||||
Global components | $ | 13,495,766 | $ | 13,361,122 | $ | 14,853,823 | |||||||
Global ECS | 7,861,519 | 7,044,006 | 6,536,441 | ||||||||||
Consolidated | $ | 21,357,285 | $ | 20,405,128 | $ | 21,390,264 | |||||||
Operating income (loss): | |||||||||||||
Global components | $ | 575,612 | $ | 619,282 | $ | 823,774 | |||||||
Global ECS | 350,442 | 290,970 | 262,893 | ||||||||||
Corporate (a) | (232,554 | ) | (106,129 | ) | (177,824 | ) | |||||||
Consolidated | $ | 693,500 | $ | 804,123 | $ | 908,843 | |||||||
(a) | Includes restructuring, integration, and other charges of $92,650, $47,437, and $37,811 in 2013, 2012, and 2011, respectively. Also included is a gain of $79,158 and a charge of $5,875 in 2012 and 2011, respectively, related to the settlement of legal matters. | ||||||||||||
Total assets, by segment, at December 31 are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Global components | $ | 6,596,255 | $ | 6,467,123 | |||||||||
Global ECS | 4,807,400 | 3,685,100 | |||||||||||
Corporate | 657,228 | 633,464 | |||||||||||
Consolidated | $ | 12,060,883 | $ | 10,785,687 | |||||||||
Sales, by geographic area, for the years ended December 31 are as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Americas (b) | $ | 11,023,076 | $ | 10,641,903 | $ | 10,576,106 | |||||||
EMEA | 6,221,569 | 5,927,231 | 6,889,479 | ||||||||||
Asia/Pacific | 4,112,640 | 3,835,994 | 3,924,679 | ||||||||||
Consolidated | $ | 21,357,285 | $ | 20,405,128 | $ | 21,390,264 | |||||||
(b) | Includes sales related to the United States of $10,074,361, $9,746,612, and $9,706,593 in 2013, 2012, and 2011, respectively. | ||||||||||||
Net property, plant, and equipment, by geographic area, is as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Americas (c) | $ | 526,640 | $ | 512,775 | |||||||||
EMEA | 84,383 | 65,947 | |||||||||||
Asia/Pacific | 21,366 | 20,919 | |||||||||||
Consolidated | $ | 632,389 | $ | 599,641 | |||||||||
(c) | Includes net property, plant, and equipment related to the United States of $525,080 and $511,555 at December 31, 2013 and 2012, respectively. |
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||
Quarterly Financial Data [Text Block] | ' | |||||||||||||||||
Quarterly Financial Data (Unaudited) | ||||||||||||||||||
The company operates on a quarterly interim reporting calendar that closes on the Saturday following the end of the calendar quarter. | ||||||||||||||||||
A summary of the company's consolidated quarterly results of operations is as follows: | ||||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||||
2013 | ||||||||||||||||||
Sales | $ | 4,849,629 | $ | 5,306,085 | $ | 5,048,211 | $ | 6,153,360 | ||||||||||
Gross profit | 642,072 | 689,572 | 671,660 | 787,625 | ||||||||||||||
Net income attributable to shareholders | 77,875 | (b) | 89,935 | (c) | 96,779 | (d) | 134,831 | (e) | ||||||||||
Net income per share (a): | ||||||||||||||||||
Basic | $ | 0.74 | (b) | $ | 0.87 | (c) | $ | 0.96 | (d) | $ | 1.34 | (e) | ||||||
Diluted | $ | 0.72 | (b) | $ | 0.86 | (c) | $ | 0.95 | (d) | $ | 1.32 | (e) | ||||||
2012 | ||||||||||||||||||
Sales | $ | 4,889,529 | $ | 5,150,563 | $ | 4,962,331 | $ | 5,402,705 | ||||||||||
Gross profit | 680,579 | 687,144 | 662,719 | 706,844 | ||||||||||||||
Net income attributable to shareholders | 113,628 | (f) | 114,383 | (g) | 103,617 | (h) | 174,704 | (i) | ||||||||||
Net income per share (a): | ||||||||||||||||||
Basic | $ | 1.01 | (f) | $ | 1.04 | (g) | $ | 0.96 | (h) | $ | 1.64 | (i) | ||||||
Diluted | $ | 1 | (f) | $ | 1.02 | (g) | $ | 0.94 | (h) | $ | 1.62 | (i) | ||||||
(a) | Quarterly net income per share is calculated using the weighted-average shares outstanding during each quarterly period, while net income per share for the full year is calculated using the weighted-average shares outstanding during the year. Therefore, the sum of the net income per share for each of the four quarters may not equal the net income per share for the full year. | |||||||||||||||||
(b) | Includes amortization expense related to identifiable intangible assets ($7,116 net of related taxes or $.07 per share on both a basic and diluted basis), restructuring, integration, and other charges ($15,495 net of related taxes or $.15 and $.14 per share on a basic and diluted basis, respectively), and a loss on prepayment of debt ($2,627 net of related taxes or $.02 per share on both a basic and diluted basis). | |||||||||||||||||
(c) | Includes amortization expense related to identifiable intangible assets ($7,029 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($20,688 net of related taxes or $.20 per share on both a basic and diluted basis). Also included is an increase in the provision for income taxes ($5,362 net of related taxes or $.05 per share on both a basic and diluted basis) and interest expense ($939 net of related taxes or $.01 per share on both a basic and diluted basis) related to the settlement of certain international tax matters. | |||||||||||||||||
(d) | Includes amortization expense related to identifiable intangible assets ($7,074 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($16,077 net of related taxes or $.16 per share on both a basic and diluted basis). | |||||||||||||||||
(e) | Includes amortization expense related to identifiable intangible assets ($8,120 net of related taxes or $.08 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($13,341 net of related taxes or $.13 per share on both a basic and diluted basis). Also included is an increase in the provision for income taxes ($15,447 net of related taxes or $.15 per share on both a basic and diluted basis) and interest expense ($297 net of related taxes) related to the settlement of certain international tax matters. | |||||||||||||||||
(f) | Includes amortization expense related to identifiable intangible assets ($7,576 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($6,141 net of related taxes or $.05 per share on both a basic and diluted basis). | |||||||||||||||||
(g) | Includes amortization expense related to identifiable intangible assets ($7,360 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($9,702 net of related taxes or $.09 per share on both a basic and diluted basis). | |||||||||||||||||
(h) | Includes amortization expense related to identifiable intangible assets ($7,145 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($8,576 net of related taxes or $.08 per share on both a basic and diluted basis). | |||||||||||||||||
(i) | Includes amortization expense related to identifiable intangible assets ($7,255 net of related taxes or $.07 per share on both a basic and diluted basis), restructuring, integration, and other charges ($6,320 net of related taxes or $.06 per share on both a basic and diluted basis), and a gain on the settlement of a legal matter ($48,623 net of related taxes or $.46 and $.45 per share on a basic and diluted basis, respectively). |
Valuation_and_Qualifying_Accou
Valuation and Qualifying Accounts | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||||||||||
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | ' | |||||||||||||||||||
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
Balance at beginning of year | Charged to income | Other (a) | Write-down | Balance at end of year | ||||||||||||||||
Allowance for doubtful accounts: | ||||||||||||||||||||
Year ended December 31, 2013 | $ | 54,238 | $ | 9,201 | $ | 8,098 | $ | 7,408 | $ | 64,129 | ||||||||||
Year ended December 31, 2012 | $ | 48,125 | $ | 12,452 | $ | 3,262 | $ | 9,601 | $ | 54,238 | ||||||||||
Year ended December 31, 2011 | $ | 37,998 | $ | 12,957 | $ | 5,357 | $ | 8,187 | $ | 48,125 | ||||||||||
(a) | Represents the allowance for doubtful accounts of the businesses acquired by the company during 2013, 2012, and 2011. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |
Dec. 31, 2013 | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |
Consolidation, Policy [Policy Text Block] | ' | |
Principles of Consolidation | ||
The consolidated financial statements include the accounts of the company and its majority-owned subsidiaries. All significant intercompany transactions are eliminated. | ||
Use of Estimates, Policy [Policy Text Block] | ' | |
Use of Estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the company to make significant estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. | ||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |
Cash and Cash Equivalents | ||
Cash equivalents consist of highly liquid investments, which are readily convertible into cash, with original maturities of three months or less. | ||
Inventory, Policy [Policy Text Block] | ' | |
Inventories | ||
Inventories are stated at the lower of cost or market. Cost approximates the first-in, first-out method. Substantially all inventories represent finished goods held for sale. | ||
Property, Plant, and Equipment, Policy [Policy Text Block] | ' | |
Property, Plant, and Equipment | ||
Property, plant, and equipment are stated at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the assets. The estimated useful lives for depreciation of buildings is generally 20 to 30 years, and the estimated useful lives of machinery and equipment is generally three to ten years. Leasehold improvements are amortized over the shorter of the term of the related lease or the life of the improvement. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. If the carrying value of the asset can not be recovered from estimated future cash flows, undiscounted and without interest, the fair value of the asset is calculated using the present value of estimated net future cash flows. If the fair value is less than the carrying amount of the asset, a loss is recognized for the difference. | ||
Internal Use Software, Policy [Policy Text Block] | ' | |
Software Development Costs | ||
The company capitalizes certain internal and external costs incurred to acquire or create internal-use software. Capitalized software costs are amortized on a straight-line basis over the estimated useful life of the software, which is generally three to seven years. At December 31, 2013 and 2012, the company had unamortized software development costs of $420,180 and $407,032, respectively, which are included in "Machinery and equipment" in the company's consolidated balance sheets. | ||
Identifiable Intangible Assets, Policy [Policy Text Block] | ' | |
Identifiable Intangible Assets | ||
Amortization of definite-lived intangible assets is computed on the straight-line method over the estimated useful lives of the assets, while indefinite-lived intangible assets are not amortized. Identifiable intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. The company also tests indefinite-lived intangible assets, consisting of acquired trade names, for impairment at least annually as of the first day of the fourth quarter. If the fair value is less than the carrying amount of the asset, a loss is recognized for the difference. | ||
Investments, Policy [Policy Text Block] | ' | |
Investments | ||
Investments are accounted for using the equity method if the investment provides the company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the company has an ownership interest in the voting stock of the investee between 20% and 50%, although other factors, such as representation on the investee's Board of Directors, are considered in determining whether the equity method is appropriate. The company records its investments in equity method investees meeting these characteristics as "Investments in affiliated companies" in the company's consolidated balance sheets. | ||
All other equity investments, which consist of investments for which the company does not possess the ability to exercise significant influence, are accounted for under the cost method, if privately held, or as available-for-sale, if publicly traded, and are included in "Other assets" in the company's consolidated balance sheets. Under the cost method of accounting, investments are carried at cost and are adjusted only for other-than-temporary declines in realizable value and additional investments. The company accounts for available-for-sale investments at fair value, using quoted market prices, and the related holding gains and losses are included in "Accumulated other comprehensive income" in the shareholders' equity section in the company's consolidated balance sheets. The company assesses its long-term investments accounted for as available-for-sale on an ongoing basis to determine whether declines in market value below cost are other-than-temporary. When the decline is determined to be other-than-temporary, the cost basis for the individual security is reduced and a loss is realized in the company's consolidated statement of operations in the period in which it occurs. The company makes such determination after considering the length of time and the extent to which the market value of the investment is less than its cost, the financial condition and operating results of the investee, and the company's intent and ability to retain the investment over time to potentially allow for any recovery in market value. In addition, the company assesses the following factors: | ||
• | broad economic factors impacting the investee's industry; | |
• | publicly available forecasts for sales and earnings growth for the industry and investee; and | |
• | the cyclical nature of the investee's industry. | |
The company could incur an impairment charge in future periods if, among other factors, the investee's future earnings differ from currently available forecasts. | ||
Cost in Excess of Net Assets of Companies Acquired, Policy [Policy Text Block] | ' | |
Cost in Excess of Net Assets of Companies Acquired | ||
Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill for impairment annually as of the first day of the fourth quarter and/or when an event occurs or circumstances change such that it is more likely than not that an impairment may exist. Examples of such events and circumstances that the company would consider include the following: | ||
• | macroeconomic conditions such as deterioration in general economic conditions, limitations on accessing capital, fluctuations in foreign exchange rates, or other developments in equity and credit markets; | |
• | industry and market considerations such as a deterioration in the environment in which the company operates, an increased competitive environment, a decline in market-dependent multiples or metrics (considered in both absolute terms and relative to peers), a change in the market for the company's products or services, or a regulatory or political development; | |
• | cost factors such as increases in raw materials, labor, or other costs that have a negative effect on earnings and cash flows; | |
• | overall financial performance such as negative or declining cash flows or a decline in actual or planned revenue or earnings compared with actual and projected results of relevant prior periods; | |
• | other relevant entity-specific events such as changes in management, key personnel, strategy, or customers; contemplation of bankruptcy; or litigation; | |
• | events affecting a reporting unit such as a change in the composition or carrying amount of its net assets, a more-likely-than-not expectation of selling or disposing all, or a portion, of a reporting unit, the testing for recoverability of a significant asset group within a reporting unit, or recognition of a goodwill impairment loss in the financial statements of a subsidiary that is a component of a reporting unit; and | |
• | a sustained decrease in share price (considered in both absolute terms and relative to peers). | |
Goodwill is tested at a level of reporting referred to as "the reporting unit." The company's reporting units are defined as each of the three regional businesses within the global components business segment, which are the Americas, EMEA (Europe, Middle East, and Africa), and Asia/Pacific and each of the two regional businesses within the global Enterprise Computing Solutions ("ECS") business segment, which are North America and EMEA. | ||
An entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. The company has elected not to perform the qualitative assessment and began its impairment testing with the first step of the two-step impairment process. The first step, used to identify potential impairment, compares the calculated fair value of a reporting unit with its carrying amount. If the carrying amount of the reporting unit is less than its fair value, no impairment exists and the second step is not performed. If the carrying amount of a reporting unit exceeds its fair value, the entity is required to perform the second step of the goodwill impairment test to measure the amount of the impairment loss, if any. The second step of the goodwill impairment test compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized for the excess. | ||
The company estimates the fair value of a reporting unit using the income approach. For the purposes of the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The assumptions included in the income approach include forecasted revenues, gross profit margins, operating income margins, working capital cash flow, perpetual growth rates, and long-term discount rates, among others, all of which require significant judgments by management. Actual results may differ from those assumed in the company's forecasts. The company also reconciles its discounted cash flow analysis to its current market capitalization allowing for a reasonable control premium. As of the first day of the fourth quarters of 2013, 2012, and 2011, the company's annual impairment testing did not indicate impairment at any of the company's reporting units. | ||
Foreign Currency Remeasurement and Translation, Policy [Policy Text Block] | ' | |
Foreign Currency Translation and Remeasurement | ||
The assets and liabilities of international operations are translated at the exchange rates in effect at the balance sheet date. Revenue and expense accounts are translated at the monthly average exchange rates. Adjustments arising from the translation of the foreign currency financial statements of the company's international operations are reported as a component of "Accumulated other comprehensive income" in the company's consolidated balance sheets. | ||
For foreign currency remeasurement from each local currency into the appropriate functional currency, monetary assets and liabilities are remeasured to functional currencies using current exchange rates in effect at the balance sheet date. Gains or losses from these remeasurements were not significant and have been included in the company’s consolidated statements of operations. Non-monetary assets and liabilities are recorded at historical exchange rates, and the related remeasurement gains or losses are reported as a component of "Accumulated other comprehensive income" in the company's consolidated balance sheets. | ||
Income Taxes, Policy [Policy Text Block] | ' | |
Income Taxes | ||
Income taxes are accounted for under the liability method. Deferred income taxes reflect the tax consequences on future years of differences between the tax bases of assets and liabilities and their financial reporting amounts. The carrying value of the company's deferred tax assets is dependent upon the company's ability to generate sufficient future taxable income in certain tax jurisdictions. Should the company determine that it is more likely than not that some portion or all of its deferred tax assets will not be realized, a valuation allowance to the deferred tax assets would be established in the period such determination was made. | ||
It is the company's policy to provide for uncertain tax positions and the related interest and penalties based upon management's assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. At December 31, 2013, the company believes it has appropriately accounted for any unrecognized tax benefits. To the extent the company prevails in matters for which a liability for an unrecognized tax benefit is established or is required to pay amounts in excess of the liability, the company's effective tax rate in a given financial statement period may be affected. | ||
Net Income Per Share, Policy [Policy Text Block] | ' | |
Net Income Per Share | ||
Basic net income per share is computed by dividing net income attributable to shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. | ||
Comprehensive Income, Policy [Policy Text Block] | ' | |
Comprehensive Income | ||
Comprehensive income consists of consolidated net income, foreign currency translation adjustment, employee benefit plan items, and unrealized gains or losses on investment securities and interest rate swaps designated as cash flow hedges. Unrealized gains or losses on investment securities are net of any reclassification adjustments for realized gains or losses included in consolidated net income. Foreign currency translation adjustments included in comprehensive income were not tax effected as investments in international affiliates are deemed to be permanent. All other comprehensive income items are net of related income taxes. | ||
Stock-based Compensation, Policy [Policy Text Block] | ' | |
Stock-Based Compensation | ||
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. Stock-based compensation expense related to awards with a market or performance condition is generally recognized over the vesting period of the award utilizing the graded vesting method, while all other awards are recognized on a straight-line basis. The company recorded, as a component of selling, general, and administrative expenses, amortization of stock-based compensation of $36,923, $34,546, and $39,225 in 2013, 2012, and 2011, respectively. | ||
Segment Reporting, Policy [Policy Text Block] | ' | |
Segment Reporting | ||
Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The company's operations are classified into two reportable business segments: global components and global ECS. | ||
Revenue Recognition, Policy [Policy Text Block] | ' | |
Revenue Recognition | ||
The company recognizes revenue when there is persuasive evidence of an arrangement, delivery has occurred or services are rendered, the sales price is determinable, and collectibility is reasonably assured. Revenue typically is recognized at time of shipment. Sales are recorded net of discounts, rebates, and returns, which historically have not been material. | ||
A portion of the company's business involves shipments directly from its suppliers to its customers. In these transactions, the company is responsible for negotiating price both with the supplier and customer, payment to the supplier, establishing payment terms with the customer, product returns, and has risk of loss if the customer does not make payment. As the principal with the customer, the company recognizes the sale and cost of sale of the product upon receiving notification from the supplier that the product was shipped. | ||
The company has certain business with select customers and suppliers that is accounted for on an agency basis (that is, the company recognizes the fees associated with serving as an agent in sales with no associated cost of sales) in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 605-45-45. Generally, these transactions relate to the sale of supplier service contracts to customers where the company has no future obligation to perform under these contracts or the rendering of logistics services for the delivery of inventory for which the company does not assume the risks and rewards of ownership. | ||
During the third quarter of 2012, the company prospectively revised its presentation of sales related to certain fulfillment contracts to present these revenues on an agency basis as net fees, as compared to presenting gross sales and costs of sales in prior periods. This revised presentation had no impact on the company's consolidated balance sheet or statement of cash flows. Within the company's consolidated statement of operations, gross profit dollars, operating income dollars, net income dollars, and earnings per share were also not impacted for any periods reported. Prior to this prospective revision, these contracts approximated one and four percent of the company's consolidated sales for 2012 and 2011, respectively. Management has concluded that the impact of this revised presentation was not material and, therefore, prior periods have not been adjusted. | ||
Shipping and Handling Costs, Policy [Policy Text Block] | ' | |
Shipping and Handling Costs | ||
The company reports shipping and handling costs, primarily related to outbound freight, in the consolidated statements of operations as a component of selling, general, and administrative expenses. Shipping and handling costs included in selling, general, and administrative expenses totaled $92,620, $83,278, and $78,666 in 2013, 2012, and 2011, respectively. If the company included such costs in cost of sales, gross profit margin as a percentage of sales for 2013 would decrease 50 basis points from 13.1% to 12.6% with a corresponding decrease in selling, general, and administrative expenses and no impact on reported earnings. | ||
Reclassification, Policy [Policy Text Block] | ' | |
Reclassification | ||
Certain prior year amounts were reclassified to conform to the current year presentation. | ||
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | ' | |
The company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The allowances for doubtful accounts are determined using a combination of factors, including the length of time the receivables are outstanding, the current business environment, and historical experience. | ||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |
Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The company utilizes a fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The fair value hierarchy has three levels of inputs that may be used to measure fair value: | ||
Level 1 | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |
Level 2 | Quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. | |
Level 3 | Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. | |
Fair Value of Debt Policy [Policy Text Block] | ' | |
The carrying amount of the company's short-term borrowings in various countries, revolving credit facility, asset securitization program, and other obligations approximate their fair value. |
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
ComputerLinks [Member] | ' | ||||||||||||||||
Business Acquisition [Line Items] | ' | ||||||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the preliminary allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the ComputerLinks acquisition: | |||||||||||||||||
Accounts receivable, net | $ | 177,700 | |||||||||||||||
Inventories | 58,041 | ||||||||||||||||
Other current assets | 11,168 | ||||||||||||||||
Property, plant, and equipment | 7,070 | ||||||||||||||||
Other assets | 1,480 | ||||||||||||||||
Identifiable intangible assets | 39,195 | ||||||||||||||||
Cost in excess of net assets acquired | 275,442 | ||||||||||||||||
Accounts payable | (213,456 | ) | |||||||||||||||
Accrued expenses | (51,270 | ) | |||||||||||||||
Other liabilities | (13,142 | ) | |||||||||||||||
Cash consideration paid, net of cash acquired | $ | 292,228 | |||||||||||||||
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | ' | ||||||||||||||||
In connection with the ComputerLinks acquisition, the company allocated the following amounts to identifiable intangible assets: | |||||||||||||||||
Weighted-Average Life | |||||||||||||||||
Customer relationships | 9 years | $ | 37,125 | ||||||||||||||
Other intangible assets | (a) | 2,070 | |||||||||||||||
Total identifiable intangible assets | $ | 39,195 | |||||||||||||||
(a) | Consists of non-competition agreements and sales backlog with useful lives ranging from one to two years. | ||||||||||||||||
2013 Acquisitions [Member] | ' | ||||||||||||||||
Business Acquisition [Line Items] | ' | ||||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the company's unaudited consolidated results of operations for 2013 and 2012, as well as the unaudited pro forma consolidated results of operations of the company, as though the 2013 acquisitions occurred on January 1: | |||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
As Reported | Pro Forma | As Reported | Pro Forma | ||||||||||||||
Sales | $ | 21,357,285 | $ | 22,191,263 | $ | 20,405,128 | $ | 21,433,912 | |||||||||
Net income attributable to shareholders | 399,420 | 408,290 | 506,332 | 524,943 | |||||||||||||
Net income per share: | |||||||||||||||||
Basic | $ | 3.89 | $ | 3.98 | $ | 4.64 | $ | 4.81 | |||||||||
Diluted | $ | 3.85 | $ | 3.94 | $ | 4.56 | $ | 4.73 | |||||||||
Acquisitions 2011 [Member] | ' | ||||||||||||||||
Business Acquisition [Line Items] | ' | ||||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the company's unaudited consolidated results of operations for 2011, as well as the unaudited pro forma consolidated results of operations of the company, as though the 2011 acquisitions occurred on January 1: | |||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||
As Reported | Pro Forma | ||||||||||||||||
Sales | $ | 21,390,264 | $ | 21,573,260 | |||||||||||||
Net income attributable to shareholders | 598,810 | 603,243 | |||||||||||||||
Net income per share: | |||||||||||||||||
Basic | $ | 5.25 | $ | 5.29 | |||||||||||||
Diluted | $ | 5.17 | $ | 5.2 | |||||||||||||
Cost_in_Excess_of_Net_Assets_o1
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, net (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||
Schedule of Goodwill [Text Block] | ' | |||||||||||||
Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows: | ||||||||||||||
Global | Global ECS | Total | ||||||||||||
Components | ||||||||||||||
Balance as of December 31, 2011 (a) | $ | 763,952 | $ | 709,381 | $ | 1,473,333 | ||||||||
Acquisitions | 198,392 | 34,969 | 233,361 | |||||||||||
Foreign currency translation adjustment | (4,428 | ) | 9,437 | 5,009 | ||||||||||
Balance as of December 31, 2012 (a) | 957,916 | 753,787 | 1,711,703 | |||||||||||
Acquisitions | 50,218 | 275,442 | 325,660 | |||||||||||
Foreign currency translation adjustment | (7,274 | ) | 9,204 | 1,930 | ||||||||||
Balance as of December 31, 2013 (a) | $ | 1,000,860 | $ | 1,038,433 | $ | 2,039,293 | ||||||||
(a) | The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment. | |||||||||||||
Schedule of Definite and Indefinite Lived Intangible Assets [Table Text Block] | ' | |||||||||||||
Intangible assets, net, are comprised of the following as of December 31, 2013: | ||||||||||||||
Weighted-Average Life | Gross Carrying Amount | Accumulated Amortization | Net | |||||||||||
Trade names | indefinite | $ | 179,000 | $ | — | $ | 179,000 | |||||||
Customer relationships | 10 years | 374,244 | (134,817 | ) | 239,427 | |||||||||
Developed technology | 5 years | 9,625 | (4,051 | ) | 5,574 | |||||||||
Other intangible assets | (b) | 4,609 | (2,541 | ) | 2,068 | |||||||||
$ | 567,478 | $ | (141,409 | ) | $ | 426,069 | ||||||||
Intangible assets, net, are comprised of the following as of December 31, 2012: | ||||||||||||||
Weighted-Average Life | Gross Carrying Amount | Accumulated Amortization | Net | |||||||||||
Trade names | indefinite | $ | 179,000 | $ | — | $ | 179,000 | |||||||
Customer relationships | 11 years | 325,509 | (100,172 | ) | 225,337 | |||||||||
Developed technology | 5 years | 11,154 | (2,508 | ) | 8,646 | |||||||||
Other intangible assets | (b) | 2,761 | (1,711 | ) | 1,050 | |||||||||
$ | 518,424 | $ | (104,391 | ) | $ | 414,033 | ||||||||
(b) | Consists of non-competition agreements and sales backlog with useful lives ranging from one to three years. |
Investments_in_Affiliated_Comp1
Investments in Affiliated Companies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||||||
Equity Method Investments [Text Block] | ' | ||||||||||||
The following table presents the company's investment in Marubun/Arrow and the company's investment and long-term note receivable in Altech Industries at December 31: | |||||||||||||
2013 | 2012 | ||||||||||||
Marubun/Arrow | $ | 54,672 | $ | 50,864 | |||||||||
Altech Industries | 12,557 | 14,739 | |||||||||||
$ | 67,229 | $ | 65,603 | ||||||||||
Equity in Earnings of Affiliated Companies | ' | ||||||||||||
The equity in earnings of affiliated companies for the years ended December 31 consists of the following: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Marubun/Arrow | $ | 6,386 | $ | 6,825 | $ | 5,338 | |||||||
Altech Industries | 1,043 | 1,287 | 1,398 | ||||||||||
$ | 7,429 | $ | 8,112 | $ | 6,736 | ||||||||
Accounts_Receivable_Tables
Accounts Receivable (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block] | ' | ||||||||
Accounts receivable, net, consists of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Accounts receivable | $ | 5,833,888 | $ | 4,978,136 | |||||
Allowances for doubtful accounts | (64,129 | ) | (54,238 | ) | |||||
Accounts receivable, net | $ | 5,769,759 | $ | 4,923,898 | |||||
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Short-term Debt [Line Items] | ' | ||||||||
Schedule of Short-term Debt [Table Text Block] | ' | ||||||||
Short-term borrowings, including current portion of long-term debt, consists of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
6.875% senior notes, due 2013 | $ | — | $ | 335,384 | |||||
Short-term borrowings in various countries | 23,878 | 28,973 | |||||||
$ | 23,878 | $ | 364,357 | ||||||
Schedule of Long-term Debt Instruments [Text Block] | ' | ||||||||
Long-term debt consists of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Revolving credit facility | $ | — | $ | 123,600 | |||||
Asset securitization program | 420,000 | 225,000 | |||||||
3.375% notes, due 2015 | 255,004 | 257,732 | |||||||
6.875% senior debentures, due 2018 | 199,078 | 198,869 | |||||||
3.00% notes, due 2018 | 298,691 | — | |||||||
6.00% notes, due 2020 | 299,945 | 299,936 | |||||||
5.125% notes, due 2021 | 249,435 | 249,356 | |||||||
4.50% notes, due 2023 | 297,767 | — | |||||||
7.50% senior debentures, due 2027 | 198,170 | 198,030 | |||||||
Other obligations with various interest rates and due dates | 8,042 | 34,955 | |||||||
$ | 2,226,132 | $ | 1,587,478 | ||||||
Schedule of Fair Value of Debt [Text Block] | ' | ||||||||
The estimated fair market value at December 31, using quoted market prices, is as follows: | |||||||||
2013 | 2012 | ||||||||
6.875% senior notes, due 2013 | $ | — | $ | 342,000 | |||||
3.375% notes, due 2015 | 260,000 | 260,000 | |||||||
6.875% senior debentures, due 2018 | 228,000 | 236,000 | |||||||
3.00% notes, due 2018 | 300,000 | — | |||||||
6.00% notes, due 2020 | 330,000 | 342,000 | |||||||
5.125% notes, due 2021 | 260,000 | 272,500 | |||||||
4.50% notes, due 2023 | 291,000 | — | |||||||
7.50% senior debentures, due 2027 | 232,000 | 246,000 | |||||||
Financial_Instruments_Measured1
Financial Instruments Measured at Fair Value (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2013: | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Available-for-sale securities | $ | 69,857 | $ | — | $ | — | $ | 69,857 | |||||||||
Foreign exchange contracts | — | (654 | ) | — | (654 | ) | |||||||||||
Contingent consideration | — | — | (5,845 | ) | (5,845 | ) | |||||||||||
$ | 69,857 | $ | (654 | ) | $ | (5,845 | ) | $ | 63,358 | ||||||||
The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2012: | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Available-for-sale securities | $ | 67,903 | $ | — | $ | — | $ | 67,903 | |||||||||
Interest rate swaps | — | (10,832 | ) | — | (10,832 | ) | |||||||||||
Foreign exchange contracts | — | (107 | ) | — | (107 | ) | |||||||||||
Contingent consideration | — | — | (806 | ) | (806 | ) | |||||||||||
$ | 67,903 | $ | (10,939 | ) | $ | (806 | ) | $ | 56,158 | ||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the Level 3 activity for the year ended December 31, 2013: | |||||||||||||||||
Balance as of December 31, 2012 | $ | (806 | ) | ||||||||||||||
Fair value of initial contingent consideration | (4,521 | ) | |||||||||||||||
Change in fair value of contingent consideration included in earnings | (518 | ) | |||||||||||||||
Balance as of December 31, 2013 | $ | (5,845 | ) | ||||||||||||||
Available-for-sale Securities [Text Block] | ' | ||||||||||||||||
The fair value of the company's available-for-sale securities is as follows at December 31: | |||||||||||||||||
2013 | |||||||||||||||||
Marubun | WPG | Mutual Funds | |||||||||||||||
Cost basis | $ | 10,016 | $ | 10,798 | $ | 15,614 | |||||||||||
Unrealized holding gain | 2,709 | 24,903 | 5,817 | ||||||||||||||
Fair value | $ | 12,725 | $ | 35,701 | $ | 21,431 | |||||||||||
2012 | |||||||||||||||||
Marubun | WPG | Mutual Funds | |||||||||||||||
Cost basis | $ | 10,016 | $ | 10,798 | $ | 15,271 | |||||||||||
Unrealized holding gain | 85 | 29,784 | 1,949 | ||||||||||||||
Fair value | $ | 10,101 | $ | 40,582 | $ | 17,220 | |||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Text Block] | ' | ||||||||||||||||
The fair values of derivative instruments in the consolidated balance sheets are as follows at December 31: | |||||||||||||||||
Asset (Liability) Derivatives | |||||||||||||||||
Fair Value | |||||||||||||||||
Balance Sheet | 2013 | 2012 | |||||||||||||||
Location | |||||||||||||||||
Derivative instruments designated as hedges: | |||||||||||||||||
Interest rate swaps designated as cash flow hedges | Accrued expenses | $ | — | $ | (10,832 | ) | |||||||||||
Foreign exchange contracts designated as cash flow hedges | Other current assets | 368 | 433 | ||||||||||||||
Foreign exchange contracts designated as cash flow hedges | Accrued expenses | (203 | ) | (45 | ) | ||||||||||||
Total derivative instruments designated as hedging instruments | 165 | (10,444 | ) | ||||||||||||||
Derivative instruments not designated as hedges: | |||||||||||||||||
Foreign exchange contracts | Other current assets | 1,275 | 1,561 | ||||||||||||||
Foreign exchange contracts | Accrued expenses | (2,094 | ) | (2,056 | ) | ||||||||||||
Total derivative instruments not designated as hedging instruments | (819 | ) | (495 | ) | |||||||||||||
Total | $ | (654 | ) | $ | (10,939 | ) | |||||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block] | ' | ||||||||||||||||
The effect of derivative instruments on the consolidated statements of operations is as follows for the years ended December 31: | |||||||||||||||||
Gain (Loss) Recognized in Income | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Derivative instruments not designated as hedges: | |||||||||||||||||
Foreign exchange contracts (a) | $ | (144 | ) | $ | (3,777 | ) | $ | (3,633 | ) | ||||||||
Cash Flow Hedges | |||||||||||||||||
Interest Rate Swaps (b) | Foreign Exchange Contracts (c) | ||||||||||||||||
2013 | |||||||||||||||||
Effective portion: | |||||||||||||||||
Gain (loss) recognized in other comprehensive income | $ | 3,132 | $ | (243 | ) | ||||||||||||
Gain (loss) reclassified into income | $ | (537 | ) | $ | 439 | ||||||||||||
Ineffective portion: | |||||||||||||||||
Gain (loss) recognized in income | $ | 292 | $ | — | |||||||||||||
2012 | |||||||||||||||||
Effective portion: | |||||||||||||||||
Gain (loss) recognized in other comprehensive income | $ | (7,823 | ) | $ | 1,012 | ||||||||||||
Gain (loss) reclassified into income | $ | — | $ | (54 | ) | ||||||||||||
Ineffective portion: | |||||||||||||||||
Gain (loss) recognized in income | $ | — | $ | — | |||||||||||||
2011 | |||||||||||||||||
Effective portion: | |||||||||||||||||
Gain (loss) recognized in other comprehensive income | $ | (3,009 | ) | $ | (711 | ) | |||||||||||
Gain (loss) reclassified into income | $ | — | $ | 53 | |||||||||||||
Ineffective portion: | |||||||||||||||||
Gain (loss) recognized in income | $ | — | $ | — | |||||||||||||
(a) | The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations. | ||||||||||||||||
(b) | Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. | ||||||||||||||||
(c) | Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||||||||
The provision for income taxes for the years ended December 31 consists of the following: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
Federal | $ | 85,173 | $ | 134,276 | $ | 113,937 | ||||||
State | 15,845 | 22,072 | 19,416 | |||||||||
International | 81,052 | 52,708 | 88,509 | |||||||||
182,070 | 209,056 | 221,862 | ||||||||||
Deferred: | ||||||||||||
Federal | 22,973 | 9,690 | 25,729 | |||||||||
State | 2,438 | 2,572 | 3,328 | |||||||||
International | (25,138 | ) | (17,676 | ) | (40,434 | ) | ||||||
273 | (5,414 | ) | (11,377 | ) | ||||||||
$ | 182,343 | $ | 203,642 | $ | 210,485 | |||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | |||||||||||
The principal causes of the difference between the U.S. federal statutory tax rate of 35% and effective income tax rates for the years ended December 31 are as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
United States | $ | 326,990 | $ | 441,526 | $ | 405,508 | ||||||
International | 255,229 | 268,833 | 404,293 | |||||||||
Income before income taxes | $ | 582,219 | $ | 710,359 | $ | 809,801 | ||||||
Provision at statutory tax rate | $ | 203,777 | $ | 248,626 | $ | 283,430 | ||||||
State taxes, net of federal benefit | 11,885 | 16,019 | 14,784 | |||||||||
International effective tax rate differential | (22,059 | ) | (43,008 | ) | (48,785 | ) | ||||||
Change in valuation allowance | (8,253 | ) | (6,266 | ) | (49,826 | ) | ||||||
Other non-deductible expenses | 2,840 | 2,764 | 4,744 | |||||||||
Changes in tax accruals | (1,336 | ) | (10,613 | ) | 12,437 | |||||||
Other | (4,511 | ) | (3,880 | ) | (6,299 | ) | ||||||
Provision for income taxes | $ | 182,343 | $ | 203,642 | $ | 210,485 | ||||||
Reconciliation of Unrecognized Tax Benefits [Table Text Block] | ' | |||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance at beginning of year | $ | 46,980 | $ | 63,498 | $ | 66,110 | ||||||
Additions based on tax positions taken during a prior period | 22,170 | 448 | 10,850 | |||||||||
Reductions based on tax positions taken during a prior period | (3,684 | ) | (11,824 | ) | (2,389 | ) | ||||||
Additions based on tax positions taken during the current period | 7,593 | 8,014 | 7,602 | |||||||||
Reductions related to settlement of tax matters | (24,450 | ) | (8,288 | ) | (12,879 | ) | ||||||
Reductions related to a lapse of applicable statute of limitations | (2,622 | ) | (4,868 | ) | (5,796 | ) | ||||||
Balance at end of year | $ | 45,987 | $ | 46,980 | $ | 63,498 | ||||||
Summary of Open Tax Years by Major Jurisdiction [Table Text Block] | ' | |||||||||||
In many cases the company's uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2013: | ||||||||||||
United States - Federal | 2010 - present | |||||||||||
United States - States | 2007 - present | |||||||||||
Germany (a) | 2010 - present | |||||||||||
Hong Kong | 2006 - present | |||||||||||
Italy (a) | 2008 - present | |||||||||||
Sweden | 2007 - present | |||||||||||
United Kingdom | 2011 - present | |||||||||||
(a) Includes federal as well as local jurisdictions. | ||||||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||||||||
The significant components of the company's deferred tax assets and liabilities, included primarily in "Other current assets," "Other assets," "Accrued expenses," and "Other liabilities" in the company's consolidated balance sheets, consist of the following at December 31: | ||||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Net operating loss carryforwards | $ | 92,784 | $ | 95,960 | ||||||||
Inventory adjustments | 43,009 | 45,201 | ||||||||||
Allowance for doubtful accounts | 16,513 | 17,008 | ||||||||||
Accrued expenses | 52,664 | 56,222 | ||||||||||
Interest carryforward | 64,717 | 46,876 | ||||||||||
Stock-based compensation awards | 11,507 | 14,266 | ||||||||||
Other comprehensive income items | 6,206 | 15,055 | ||||||||||
Other | 1,470 | 3,381 | ||||||||||
288,870 | 293,969 | |||||||||||
Valuation allowance | (16,156 | ) | (24,409 | ) | ||||||||
Total deferred tax assets | $ | 272,714 | $ | 269,560 | ||||||||
Deferred tax liabilities: | ||||||||||||
Goodwill | $ | (54,261 | ) | $ | (31,107 | ) | ||||||
Depreciation | (65,309 | ) | (61,896 | ) | ||||||||
Intangible assets | (66,919 | ) | (61,690 | ) | ||||||||
Total deferred tax liabilities | $ | (186,489 | ) | $ | (154,693 | ) | ||||||
Total net deferred tax assets | $ | 86,225 | $ | 114,867 | ||||||||
Restructuring_Integration_and_1
Restructuring, Integration, and Other Charges (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Restructuring Charges [Abstract] | ' | ||||||||||||||||
Schedule of Restructuring and Related Costs [Text Block] | ' | ||||||||||||||||
The following table presents the components of the restructuring, integration, and other charges for the years ended December 31: | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Restructuring charges - current period actions | $ | 79,921 | $ | 43,333 | $ | 23,818 | |||||||||||
Restructuring and integration charges (credits) - actions taken in prior periods | 794 | 1,387 | (689 | ) | |||||||||||||
Acquisition-related expenses | 11,935 | 2,717 | 14,682 | ||||||||||||||
$ | 92,650 | $ | 47,437 | $ | 37,811 | ||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | ' | ||||||||||||||||
2013 Restructuring Charge | |||||||||||||||||
The following table presents the components of the 2013 restructuring charge of $79,921 and activity in the related restructuring accrual for 2013: | |||||||||||||||||
Personnel | Facilities Costs | Other | Total | ||||||||||||||
Costs | |||||||||||||||||
Restructuring charge | $ | 66,233 | $ | 12,586 | $ | 1,102 | $ | 79,921 | |||||||||
Payments | (41,350 | ) | (6,870 | ) | — | (48,220 | ) | ||||||||||
Non-cash usage | — | — | (895 | ) | (895 | ) | |||||||||||
Foreign currency translation adjustment | 838 | 92 | 1 | 931 | |||||||||||||
Balance as of December 31, 2013 | $ | 25,721 | $ | 5,808 | $ | 208 | $ | 31,737 | |||||||||
The restructuring charge of $79,921 in 2013 includes personnel costs of $66,233, facilities costs of $12,586, and other costs of $1,102. The personnel costs are related to the elimination of approximately 870 positions within the global components business segment and approximately 310 positions within the global ECS business segment. The facilities costs are related to exit activities for 38 vacated facilities worldwide due to the company's continued efforts to streamline its operations and reduce real estate costs. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. | |||||||||||||||||
2012 Restructuring Charge | |||||||||||||||||
The following table presents the components of the 2012 restructuring charge of $43,333 and activity in the related restructuring accrual for 2012 and 2013: | |||||||||||||||||
Personnel | Facilities Costs | Asset Write-Downs | Total | ||||||||||||||
Costs | |||||||||||||||||
Restructuring charge | $ | 31,318 | $ | 5,416 | $ | 6,599 | $ | 43,333 | |||||||||
Payments | (20,983 | ) | (998 | ) | — | (21,981 | ) | ||||||||||
Non-cash usage | — | — | (6,599 | ) | (6,599 | ) | |||||||||||
Foreign currency translation adjustment | 166 | 24 | — | 190 | |||||||||||||
Balance as of December 31, 2012 | 10,501 | 4,442 | — | 14,943 | |||||||||||||
Restructuring charge (credit) | 675 | (189 | ) | — | 486 | ||||||||||||
Payments | (10,291 | ) | (3,261 | ) | — | (13,552 | ) | ||||||||||
Foreign currency translation adjustment | (12 | ) | (59 | ) | — | (71 | ) | ||||||||||
Balance as of December 31, 2013 | $ | 873 | $ | 933 | $ | — | $ | 1,806 | |||||||||
The restructuring charge of $43,333 in 2012 includes personnel costs of $31,318, facilities costs of $5,416, and asset write-downs of $6,599. The personnel costs are related to the elimination of approximately 505 positions within the global components business segment and approximately 360 positions within the global ECS business segment. The facilities costs are related to exit activities for 14 vacated facilities worldwide due to the company's continued efforts to streamline its operations and reduce real estate costs. The asset write-downs resulted from the company's decision to exit certain business activities which caused these assets to become redundant and have no future benefit. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. | |||||||||||||||||
2011 Restructuring Charge | |||||||||||||||||
The following table presents the components of the 2011 restructuring charge of $23,818 and activity in the related restructuring accrual for 2011, 2012, and 2013: | |||||||||||||||||
Personnel | Facilities Costs | Other | Total | ||||||||||||||
Costs | |||||||||||||||||
Restructuring charge | $ | 17,474 | $ | 5,387 | $ | 957 | $ | 23,818 | |||||||||
Payments | (11,830 | ) | (2,213 | ) | (957 | ) | (15,000 | ) | |||||||||
Foreign currency translation adjustment | (127 | ) | 16 | — | (111 | ) | |||||||||||
Balance as of December 31, 2011 | 5,517 | 3,190 | — | 8,707 | |||||||||||||
Restructuring charge | 2,413 | 423 | — | 2,836 | |||||||||||||
Payments | (6,883 | ) | (1,938 | ) | — | (8,821 | ) | ||||||||||
Foreign currency translation adjustment | (38 | ) | 7 | — | (31 | ) | |||||||||||
Balance as of December 31, 2012 | 1,009 | 1,682 | — | 2,691 | |||||||||||||
Restructuring charge (credit) | (133 | ) | 319 | — | 186 | ||||||||||||
Payments | (194 | ) | (1,326 | ) | — | (1,520 | ) | ||||||||||
Foreign currency translation adjustment | 28 | (2 | ) | — | 26 | ||||||||||||
Balance as of December 31, 2013 | $ | 710 | $ | 673 | $ | — | $ | 1,383 | |||||||||
The restructuring charge of $23,818 in 2011 primarily includes personnel costs of $17,474 and facilities costs of $5,387. The personnel costs are related to the elimination of approximately 280 positions within the global components business segment and approximately 240 positions within the global ECS business segment. The facilities costs are related to exit activities for 18 vacated facilities in the Americas and EMEA due to the company's continued efforts to streamline its operations and reduce real estate costs. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency, primarily related to the integration of recently acquired businesses. | |||||||||||||||||
Restructuring and Integration Accruals Related to Actions Taken Prior to 2011 | |||||||||||||||||
Included in restructuring, integration, and other charges for 2013 are restructuring and integration charges of $122 related to restructuring and integration actions taken prior to 2011. The restructuring and integration charge includes adjustments to personnel costs of $(8) and facilities costs of $130. The restructuring and integration accruals related to actions taken prior to 2011 of $1,225, include accruals for personnel costs of $239 and accruals for facilities costs of $986. |
Shareholders_Equity_Tables
Shareholders' Equity (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||
The following table presents the changes in the balances of each component of accumulated other comprehensive income: | |||||||||||||||||||||
Foreign Currency Translation Adjustment | Unrealized Gain (Loss) on Investment Securities, Net | Unrealized Gain (Loss) on Interest Rate Swaps Designated as Cash Flow Hedges, Net | Employee Benefit Plan Items, Net | Total | |||||||||||||||||
Balance as of December 31, 2012 | $ | 182,632 | $ | 19,617 | $ | (6,669 | ) | $ | (50,443 | ) | $ | 145,137 | |||||||||
Other comprehensive income before reclassifications (a) | 66,232 | 1,027 | 1,923 | 8,647 | 77,829 | ||||||||||||||||
Amounts reclassified into income | (439 | ) | — | 152 | 2,873 | 2,586 | |||||||||||||||
Net change in accumulated other comprehensive income for the year ended December 31, 2013 | 65,793 | 1,027 | 2,075 | 11,520 | 80,415 | ||||||||||||||||
Balance as of December 31, 2013 | $ | 248,425 | $ | 20,644 | $ | (4,594 | ) | $ | (38,923 | ) | $ | 225,552 | |||||||||
(a) | Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $(17,557) for 2013. | ||||||||||||||||||||
Schedule of Stock by Class [Table Text Block] | ' | ||||||||||||||||||||
The following table sets forth the activity in the number of shares outstanding (in thousands): | |||||||||||||||||||||
Common Stock Issued | Treasury Stock | Common Stock Outstanding | |||||||||||||||||||
Common stock outstanding at December 31, 2010 | 125,337 | 10,690 | 114,647 | ||||||||||||||||||
Shares issued for stock-based compensation awards | 45 | (2,662 | ) | 2,707 | |||||||||||||||||
Repurchases of common stock | — | 5,540 | (5,540 | ) | |||||||||||||||||
Common stock outstanding at December 31, 2011 | 125,382 | 13,568 | 111,814 | ||||||||||||||||||
Shares issued for stock-based compensation awards | 42 | (1,326 | ) | 1,368 | |||||||||||||||||
Repurchases of common stock | — | 7,181 | (7,181 | ) | |||||||||||||||||
Common stock outstanding at December 31, 2012 | 125,424 | 19,423 | 106,001 | ||||||||||||||||||
Shares issued for stock-based compensation awards | — | (2,772 | ) | 2,772 | |||||||||||||||||
Repurchases of common stock | — | 8,837 | (8,837 | ) | |||||||||||||||||
Common stock outstanding at December 31, 2013 | 125,424 | 25,488 | 99,936 | ||||||||||||||||||
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||||
The following table presents the computation of net income per share on a basic and diluted basis for the years ended December 31 (shares in thousands): | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Net income attributable to shareholders | $ | 399,420 | $ | 506,332 | $ | 598,810 | ||||||||
Weighted-average shares outstanding - basic | 102,559 | 109,240 | 114,025 | |||||||||||
Net effect of various dilutive stock-based compensation awards | 1,140 | 1,837 | 1,907 | |||||||||||
Weighted-average shares outstanding - diluted | 103,699 | 111,077 | 115,932 | |||||||||||
Net income per share: | ||||||||||||||
Basic | $ | 3.89 | $ | 4.64 | $ | 5.25 | ||||||||
Diluted (a) | $ | 3.85 | $ | 4.56 | $ | 5.17 | ||||||||
(a) | Stock-based compensation awards for the issuance of 874 shares, 1,424 shares, and 1,051 shares for the years ended December 31, 2013, 2012, and 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive. |
Employee_Stock_Plans_Tables
Employee Stock Plans (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||||
The following information relates to the stock option activity for the year ended December 31, 2013: | ||||||||||||||
Shares | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Life | Aggregate Intrinsic Value | |||||||||||
Outstanding at December 31, 2012 | 3,008,520 | $ | 32.93 | |||||||||||
Granted | 489,779 | 41.56 | ||||||||||||
Exercised | (1,180,151 | ) | 30.52 | |||||||||||
Forfeited | (90,040 | ) | 37.29 | |||||||||||
Outstanding at December 31, 2013 | 2,228,108 | 35.92 | 76 | months | $ | 40,834 | ||||||||
Exercisable at December 31, 2013 | 1,134,833 | 32.68 | 54 | months | $ | 24,475 | ||||||||
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the company's closing stock price on the last trading day of 2013 and the exercise price, multiplied by the number of in-the-money options) received by the option holders had all option holders exercised their options on December 31, 2013. This amount changes based on the market value of the company's stock. | ||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | |||||||||||||
The fair value of stock options was estimated using the Black-Scholes valuation model with the following weighted-average assumptions for the years ended December 31: | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Volatility (percent) (a) | 41 | 39 | 37 | |||||||||||
Expected term (in years) (b) | 5.4 | 5.3 | 5.5 | |||||||||||
Risk-free interest rate (percent) (c) | 1 | 1 | 2.4 | |||||||||||
(a) | Volatility is measured using historical daily price changes of the company's common stock over the expected term of the option. | |||||||||||||
(b) | The expected term represents the weighted-average period the option is expected to be outstanding and is based primarily on the historical exercise behavior of employees. | |||||||||||||
(c) | The risk-free interest rate is based on the U.S. Treasury zero-coupon yield with a maturity that approximates the expected term of the option. | |||||||||||||
There is no expected dividend yield. | ||||||||||||||
Schedule of Nonvested Share Activity [Table Text Block] | ' | |||||||||||||
The following information summarizes the changes in non-vested performance shares, performance units, restricted stock, and restricted stock units for 2013: | ||||||||||||||
Shares | Weighted- Average Grant Date Fair Value | |||||||||||||
Non-vested shares at December 31, 2012 | 2,784,653 | $ | 32.56 | |||||||||||
Granted | 1,017,669 | 39.08 | ||||||||||||
Vested | (1,511,109 | ) | 26.44 | |||||||||||
Forfeited | (204,794 | ) | 37.88 | |||||||||||
Non-vested shares at December 31, 2013 | 2,086,419 | 39.65 | ||||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | ' | |||||||||||||||
The company uses a December 31 measurement date for the Arrow SERP and the Wyle defined benefit plan. Pension information for the years ended December 31 is as follows: | ||||||||||||||||
Arrow SERP | Wyle Defined Benefit Plan | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Accumulated benefit obligation | $ | 67,320 | $ | 63,584 | $ | 126,481 | $ | 128,771 | ||||||||
Changes in projected benefit obligation: | ||||||||||||||||
Projected benefit obligation at beginning of year | $ | 73,327 | $ | 61,690 | $ | 128,771 | $ | 118,191 | ||||||||
Service cost | 2,126 | 2,064 | — | — | ||||||||||||
Interest cost | 2,846 | 3,031 | 5,038 | 5,442 | ||||||||||||
Actuarial loss (gain) | 301 | 9,780 | (1,158 | ) | 10,808 | |||||||||||
Benefits paid | (3,288 | ) | (3,238 | ) | (6,170 | ) | (5,670 | ) | ||||||||
Projected benefit obligation at end of year | $ | 75,312 | $ | 73,327 | $ | 126,481 | $ | 128,771 | ||||||||
Changes in plan assets: | ||||||||||||||||
Fair value of plan assets at beginning of year | $ | — | $ | — | $ | 92,976 | $ | 81,719 | ||||||||
Actual return on plan assets | — | — | 17,608 | 11,477 | ||||||||||||
Company contributions | — | — | 300 | 5,450 | ||||||||||||
Benefits paid | — | — | (6,170 | ) | (5,670 | ) | ||||||||||
Fair value of plan assets at end of year | $ | — | $ | — | $ | 104,714 | $ | 92,976 | ||||||||
Funded status | $ | (75,312 | ) | $ | (73,327 | ) | $ | (21,767 | ) | $ | (35,795 | ) | ||||
Amounts recognized in the company's consolidated balance sheets: | ||||||||||||||||
Current liabilities | $ | (3,531 | ) | $ | (3,483 | ) | $ | — | $ | — | ||||||
Noncurrent liabilities | (71,781 | ) | (69,844 | ) | (21,767 | ) | (35,795 | ) | ||||||||
Net assets (liabilities) at end of year | $ | (75,312 | ) | $ | (73,327 | ) | $ | (21,767 | ) | $ | (35,795 | ) | ||||
Components of net periodic pension cost: | ||||||||||||||||
Service cost | $ | 2,126 | $ | 2,064 | $ | — | $ | — | ||||||||
Interest cost | 2,846 | 3,031 | 5,038 | 5,442 | ||||||||||||
Expected return on plan assets | — | — | (6,516 | ) | (6,200 | ) | ||||||||||
Amortization of net loss | 2,707 | 2,013 | 1,956 | 1,745 | ||||||||||||
Amortization of prior service cost | 42 | 42 | — | — | ||||||||||||
Net periodic pension cost | $ | 7,721 | $ | 7,150 | $ | 478 | $ | 987 | ||||||||
Weighted-average assumptions used to determine benefit obligation: | ||||||||||||||||
Discount rate | 4.5 | % | 4 | % | 4.5 | % | 4 | % | ||||||||
Rate of compensation increase | 5 | % | 5 | % | N/A | N/A | ||||||||||
Expected return on plan assets | N/A | N/A | 6.75 | % | 7.25 | % | ||||||||||
Weighted-average assumptions used to determine net periodic pension cost: | ||||||||||||||||
Discount rate | 4 | % | 4.75 | % | 4 | % | 4.75 | % | ||||||||
Rate of compensation increase | 5 | % | 5 | % | N/A | N/A | ||||||||||
Expected return on plan assets | N/A | N/A | 7.25 | % | 7.5 | % | ||||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | |||||||||||||||
Benefit payments are expected to be paid as follows: | ||||||||||||||||
Arrow SERP | Wyle Defined Benefit Plan | |||||||||||||||
2014 | $ | 3,602 | $ | 6,755 | ||||||||||||
2015 | 3,564 | 6,804 | ||||||||||||||
2016 | 3,617 | 6,980 | ||||||||||||||
2017 | 3,568 | 7,053 | ||||||||||||||
2018 | 4,054 | 7,089 | ||||||||||||||
2019-2023 | 25,890 | 37,572 | ||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | |||||||||||||||
The fair values of the company's pension plan assets for the Wyle defined benefit plan at December 31, 2013, utilizing the fair value hierarchy discussed in Note 7, are as follows: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Equities: | ||||||||||||||||
U.S. common stocks | $ | 42,638 | $ | — | $ | — | $ | 42,638 | ||||||||
International mutual funds | 15,276 | — | — | 15,276 | ||||||||||||
Index mutual funds | 15,482 | — | — | 15,482 | ||||||||||||
Fixed Income: | ||||||||||||||||
Mutual funds | 27,827 | — | — | 27,827 | ||||||||||||
Insurance contracts | — | 3,491 | — | 3,491 | ||||||||||||
Total | $ | 101,223 | $ | 3,491 | $ | — | $ | 104,714 | ||||||||
The fair values of the company's pension plan assets for the Wyle defined benefit plan at December 31, 2012, utilizing the fair value hierarchy discussed in Note 7, are as follows: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash Equivalents: | ||||||||||||||||
Common collective trusts | $ | — | $ | 749 | $ | — | $ | 749 | ||||||||
Equities: | ||||||||||||||||
U.S. common stocks | 33,806 | — | — | 33,806 | ||||||||||||
International mutual funds | 12,714 | — | — | 12,714 | ||||||||||||
Index mutual funds | 12,674 | — | — | 12,674 | ||||||||||||
Fixed Income: | ||||||||||||||||
Mutual funds | 30,374 | — | — | 30,374 | ||||||||||||
Insurance contracts | — | 2,659 | — | 2,659 | ||||||||||||
Total | $ | 89,568 | $ | 3,408 | $ | — | $ | 92,976 | ||||||||
Lease_Comitments_Lease_Commitm
Lease Comitments Lease Commitments (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Lease Commitments [Abstract] | ' | ||||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||||
Aggregate minimum rental commitments under all non-cancelable operating leases, exclusive of real estate taxes, insurance, and leases related to facilities closed as a result of the integration of acquired businesses and the restructuring of the company, are as follows: | |||||||
2014 | $ | 60,191 | |||||
2015 | 51,597 | ||||||
2016 | 30,199 | ||||||
2017 | 21,268 | ||||||
2018 | 12,945 | ||||||
Thereafter | 21,367 | ||||||
Segment_and_Geographic_Informa1
Segment and Geographic Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Schedule of Segment Reporting Information, by Segment [Text Block] | ' | ||||||||||||
Sales and operating income (loss), by segment, for the years ended December 31 are as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Sales: | |||||||||||||
Global components | $ | 13,495,766 | $ | 13,361,122 | $ | 14,853,823 | |||||||
Global ECS | 7,861,519 | 7,044,006 | 6,536,441 | ||||||||||
Consolidated | $ | 21,357,285 | $ | 20,405,128 | $ | 21,390,264 | |||||||
Operating income (loss): | |||||||||||||
Global components | $ | 575,612 | $ | 619,282 | $ | 823,774 | |||||||
Global ECS | 350,442 | 290,970 | 262,893 | ||||||||||
Corporate (a) | (232,554 | ) | (106,129 | ) | (177,824 | ) | |||||||
Consolidated | $ | 693,500 | $ | 804,123 | $ | 908,843 | |||||||
(a) | Includes restructuring, integration, and other charges of $92,650, $47,437, and $37,811 in 2013, 2012, and 2011, respectively. Also included is a gain of $79,158 and a charge of $5,875 in 2012 and 2011, respectively, related to the settlement of legal matters. | ||||||||||||
Reconciliation of Assets from Segment to Consolidated [Text Block] | ' | ||||||||||||
Total assets, by segment, at December 31 are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Global components | $ | 6,596,255 | $ | 6,467,123 | |||||||||
Global ECS | 4,807,400 | 3,685,100 | |||||||||||
Corporate | 657,228 | 633,464 | |||||||||||
Consolidated | $ | 12,060,883 | $ | 10,785,687 | |||||||||
Schedule Of Revenues From External Customers And Long Lived Assets By Geographical Areas Table [Text Block] | ' | ||||||||||||
Sales, by geographic area, for the years ended December 31 are as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Americas (b) | $ | 11,023,076 | $ | 10,641,903 | $ | 10,576,106 | |||||||
EMEA | 6,221,569 | 5,927,231 | 6,889,479 | ||||||||||
Asia/Pacific | 4,112,640 | 3,835,994 | 3,924,679 | ||||||||||
Consolidated | $ | 21,357,285 | $ | 20,405,128 | $ | 21,390,264 | |||||||
(b) | Includes sales related to the United States of $10,074,361, $9,746,612, and $9,706,593 in 2013, 2012, and 2011, respectively. | ||||||||||||
Net property, plant, and equipment, by geographic area, is as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Americas (c) | $ | 526,640 | $ | 512,775 | |||||||||
EMEA | 84,383 | 65,947 | |||||||||||
Asia/Pacific | 21,366 | 20,919 | |||||||||||
Consolidated | $ | 632,389 | $ | 599,641 | |||||||||
(c) | Includes net property, plant, and equipment related to the United States of $525,080 and $511,555 at December 31, 2013 and 2012, respectively |
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | |||||||||||||||||
A summary of the company's consolidated quarterly results of operations is as follows: | ||||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||||
2013 | ||||||||||||||||||
Sales | $ | 4,849,629 | $ | 5,306,085 | $ | 5,048,211 | $ | 6,153,360 | ||||||||||
Gross profit | 642,072 | 689,572 | 671,660 | 787,625 | ||||||||||||||
Net income attributable to shareholders | 77,875 | (b) | 89,935 | (c) | 96,779 | (d) | 134,831 | (e) | ||||||||||
Net income per share (a): | ||||||||||||||||||
Basic | $ | 0.74 | (b) | $ | 0.87 | (c) | $ | 0.96 | (d) | $ | 1.34 | (e) | ||||||
Diluted | $ | 0.72 | (b) | $ | 0.86 | (c) | $ | 0.95 | (d) | $ | 1.32 | (e) | ||||||
2012 | ||||||||||||||||||
Sales | $ | 4,889,529 | $ | 5,150,563 | $ | 4,962,331 | $ | 5,402,705 | ||||||||||
Gross profit | 680,579 | 687,144 | 662,719 | 706,844 | ||||||||||||||
Net income attributable to shareholders | 113,628 | (f) | 114,383 | (g) | 103,617 | (h) | 174,704 | (i) | ||||||||||
Net income per share (a): | ||||||||||||||||||
Basic | $ | 1.01 | (f) | $ | 1.04 | (g) | $ | 0.96 | (h) | $ | 1.64 | (i) | ||||||
Diluted | $ | 1 | (f) | $ | 1.02 | (g) | $ | 0.94 | (h) | $ | 1.62 | (i) | ||||||
(a) | Quarterly net income per share is calculated using the weighted-average shares outstanding during each quarterly period, while net income per share for the full year is calculated using the weighted-average shares outstanding during the year. Therefore, the sum of the net income per share for each of the four quarters may not equal the net income per share for the full year. | |||||||||||||||||
(b) | Includes amortization expense related to identifiable intangible assets ($7,116 net of related taxes or $.07 per share on both a basic and diluted basis), restructuring, integration, and other charges ($15,495 net of related taxes or $.15 and $.14 per share on a basic and diluted basis, respectively), and a loss on prepayment of debt ($2,627 net of related taxes or $.02 per share on both a basic and diluted basis). | |||||||||||||||||
(c) | Includes amortization expense related to identifiable intangible assets ($7,029 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($20,688 net of related taxes or $.20 per share on both a basic and diluted basis). Also included is an increase in the provision for income taxes ($5,362 net of related taxes or $.05 per share on both a basic and diluted basis) and interest expense ($939 net of related taxes or $.01 per share on both a basic and diluted basis) related to the settlement of certain international tax matters. | |||||||||||||||||
(d) | Includes amortization expense related to identifiable intangible assets ($7,074 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($16,077 net of related taxes or $.16 per share on both a basic and diluted basis). | |||||||||||||||||
(e) | Includes amortization expense related to identifiable intangible assets ($8,120 net of related taxes or $.08 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($13,341 net of related taxes or $.13 per share on both a basic and diluted basis). Also included is an increase in the provision for income taxes ($15,447 net of related taxes or $.15 per share on both a basic and diluted basis) and interest expense ($297 net of related taxes) related to the settlement of certain international tax matters. | |||||||||||||||||
(f) | Includes amortization expense related to identifiable intangible assets ($7,576 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($6,141 net of related taxes or $.05 per share on both a basic and diluted basis). | |||||||||||||||||
(g) | Includes amortization expense related to identifiable intangible assets ($7,360 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($9,702 net of related taxes or $.09 per share on both a basic and diluted basis). | |||||||||||||||||
(h) | Includes amortization expense related to identifiable intangible assets ($7,145 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($8,576 net of related taxes or $.08 per share on both a basic and diluted basis). | |||||||||||||||||
(i) | Includes amortization expense related to identifiable intangible assets ($7,255 net of related taxes or $.07 per share on both a basic and diluted basis), restructuring, integration, and other charges ($6,320 net of related taxes or $.06 per share on both a basic and diluted basis), and a gain on the settlement of a legal matter ($48,623 net of related taxes or $.46 and $.45 per share on a basic and diluted basis, respectively). |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Property Plant and Equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Building [Member] | Machinery and Equipment [Member] | Computer Software, Intangible Asset [Member] | ||
Year | Year | Year | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Minimum Useful Life | ' | ' | 20 | 3 | 3 |
Property, Plant and Equipment, Maximum Useful Life | ' | ' | 30 | 10 | 7 |
Unamortized software development costs | $420,180 | $407,032 | ' | ' | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' |
Amortization of stock-based compensation | $36,923 | $34,546 | $39,225 |
Percentage of Total Sales | ' | 1.00% | 4.00% |
Shipping, Handling and Transportation Costs | 92,620 | 83,278 | 78,666 |
GP Percent of Sales BP Change | $50 | ' | ' |
Gross Profit Percent of Sales | 13.10% | ' | ' |
Gross Profit Percent of Sales, Adjusted | 12.60% | ' | ' |
Acquisitions_Details
Acquisitions (Details) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||
Acquisitions | |||||||||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition, Cost of Acquired Entity, Cash Paid | $60,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | 6,153,360 | 5,048,211 | 5,306,085 | 4,849,629 | 5,402,705 | 4,962,331 | 5,150,563 | 4,889,529 | 21,357,285 | 20,405,128 | 21,390,264 | |||||||||||
Goodwill | ' | 2,039,293 | [1] | ' | ' | ' | 1,711,703 | [1] | ' | ' | ' | 2,039,293 | [1] | 1,711,703 | [1] | 1,473,333 | [1] | ||||||
Number of Businesses Acquired | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Net income attributable to shareholders | ' | 134,831 | [2] | 96,779 | [3] | 89,935 | [4] | 77,875 | [5] | 174,704 | [6] | 103,617 | [7] | 114,383 | [8] | 113,628 | [9] | 399,420 | 506,332 | 598,810 | |||
Basic | ' | $1.34 | [10],[2] | $0.96 | [10],[3] | $0.87 | [10],[4] | $0.74 | [10],[5] | $1.64 | [6] | $0.96 | [7] | $1.04 | [8] | $1.01 | [9] | $3.89 | $4.64 | $5.25 | |||
Diluted | ' | $1.32 | [10],[2] | $0.95 | [10],[3] | $0.86 | [10],[4] | $0.72 | [10],[5] | $1.62 | [6] | $0.94 | [7] | $1.02 | [8] | $1 | [9] | $3.85 | [11] | $4.56 | [11] | $5.17 | [11] |
Business Acquisition, Pro Forma Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,191,263 | 21,433,912 | 21,573,260 | |||||||||||
Business Acquisition, Pro Forma Net Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 408,290 | 524,943 | 603,243 | |||||||||||
Business Acquisition, Pro Forma Earnings Per Share, Basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.98 | $4.81 | $5.29 | |||||||||||
Business Acquisition, Pro Forma Earnings Per Share, Diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.94 | $4.73 | $5.20 | |||||||||||
Purchase of subsidiary shares from noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,526 | ' | |||||||||||
Customer Relationships [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | '11 years | '11 years | ' | |||||||||||
Other Intangible Assets [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Acquired Finite-lived Intangible Asset, Useful Life, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | |||||||||||
Acquired Finite-lived Intangible Asset, Useful Life, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | |||||||||||
ComputerLinks [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition, Cost of Acquired Entity, Cash Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | 313,209 | ' | ' | |||||||||||
Cash Acquired from Acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,981 | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | 208,177 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | ' | 177,700 | ' | ' | ' | ' | ' | ' | ' | 177,700 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory | ' | 58,041 | ' | ' | ' | ' | ' | ' | ' | 58,041 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other | ' | 11,168 | ' | ' | ' | ' | ' | ' | ' | 11,168 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | ' | 7,070 | ' | ' | ' | ' | ' | ' | ' | 7,070 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | ' | 1,480 | ' | ' | ' | ' | ' | ' | ' | 1,480 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | ' | 39,195 | ' | ' | ' | ' | ' | ' | ' | 39,195 | ' | ' | |||||||||||
Goodwill | ' | 275,442 | ' | ' | ' | ' | ' | ' | ' | 275,442 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable | ' | -213,456 | ' | ' | ' | ' | ' | ' | ' | -213,456 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities | ' | -51,270 | ' | ' | ' | ' | ' | ' | ' | -51,270 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | ' | -13,142 | ' | ' | ' | ' | ' | ' | ' | -13,142 | ' | ' | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | ' | 292,228 | ' | ' | ' | ' | ' | ' | ' | 292,228 | ' | ' | |||||||||||
Finite-Lived Intangible Assets, Gross | ' | 39,195 | ' | ' | ' | ' | ' | ' | ' | 39,195 | ' | ' | |||||||||||
ComputerLinks [Member] | Customer Relationships [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | '9 years | ' | ' | |||||||||||
Finite-Lived Customer Relationships, Gross | ' | 37,125 | ' | ' | ' | ' | ' | ' | ' | 37,125 | ' | ' | |||||||||||
ComputerLinks [Member] | Other Intangible Assets [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other Finite-Lived Intangible Assets, Gross | ' | 2,070 | ' | ' | ' | ' | ' | ' | ' | 2,070 | ' | ' | |||||||||||
Acquired Finite-lived Intangible Asset, Useful Life, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | |||||||||||
Acquired Finite-lived Intangible Asset, Useful Life, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | |||||||||||
Series of Individually Immaterial Business Acquisitions [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition, Cost of Acquired Entity, Cash Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,210 | 289,782 | 153,555 | |||||||||||
Number of Businesses Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 7 | 6 | |||||||||||
Business Acquisition, Contingent Consideration, at Fair Value | ' | 4,498 | ' | ' | ' | 10,390 | ' | ' | ' | 4,498 | 10,390 | ' | |||||||||||
Richardson RFPD [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition, Cost of Acquired Entity, Cash Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 235,973 | |||||||||||
Nu Horizons [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition, Cost of Acquired Entity, Cash Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 161,125 | |||||||||||
Cash Acquired from Acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,085 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 162,213 | |||||||||||
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,375 | |||||||||||
Gain on bargain purchase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,088 | |||||||||||
Gain on bargain purchase, net of related taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 668 | |||||||||||
Gain on Purchase of Business, Per Share Basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.01 | |||||||||||
RFPD and Nu Horizons [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $876,817 | |||||||||||
[1] | The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment. | ||||||||||||||||||||||
[2] | restructuring, integration, and other charges ($13,341 net of related taxes or $.13 per share on both a basic and diluted basis) | ||||||||||||||||||||||
[3] | restructuring, integration, and other charges ($16,077 net of related taxes or $.16 per share on both a basic and diluted basis). | ||||||||||||||||||||||
[4] | restructuring, integration, and other charges ($20,688 net of related taxes or $.20 per share on both a basic and diluted basis). Also included is an increase in the provision for income taxes ($5,362 net of related taxes or $.05 per share on both a basic and diluted basis) and interest expense ($939 net of related taxes or $.01 per share on both a basic and diluted basis) related to the settlement of certain international tax matters. | ||||||||||||||||||||||
[5] | Includes amortization expense related to identifiable intangible assets ($7,116 net of related taxes or $.07 per share on both a basic and diluted basis), restructuring, integration, and other charges ($15,495 net of related taxes or $.15 and $.14 per share on a basic and diluted basis, respectively), and a loss on prepayment of debt ($2,627 net of related taxes or $.02 per share on both a basic and diluted basis). | ||||||||||||||||||||||
[6] | restructuring, integration, and other charges ($6,320 net of related taxes or $.06 per share on both a basic and diluted basis), and a gain on the settlement of a legal matter ($48,623 net of related taxes or $.46 and $.45 per share on a basic and diluted basis, respectively). | ||||||||||||||||||||||
[7] | Includes amortization expense related to identifiable intangible assets ($7,145 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($8,576 net of related taxes or $.08 per share on both a basic and diluted basis). | ||||||||||||||||||||||
[8] | Includes amortization expense related to identifiable intangible assets ($7,360 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($9,702 net of related taxes or $.09 per share on both a basic and diluted basis). | ||||||||||||||||||||||
[9] | restructuring, integration, and other charges ($6,141 net of related taxes or $.05 per share on both a basic and diluted basis). | ||||||||||||||||||||||
[10] | Quarterly net income per share is calculated using the weighted-average shares outstanding during each quarterly period, while net income per share for the full year is calculated using the weighted-average shares outstanding during the year. Therefore, the sum of the net income per share for each of the four quarters may not equal the net income per share for the full year. | ||||||||||||||||||||||
[11] | Stock-based compensation awards for the issuance of 874 shares, 1,424 shares, and 1,051 shares for the years ended DecemberB 31, 2013, 2012, and 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive. |
Cost_in_Excess_of_Net_Assets_o2
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, net - Goodwill (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Goodwill [Roll Forward] | ' | ' | ||
Goodwill, Beginning balance | $1,711,703 | [1] | $1,473,333 | [1] |
Acquisitions | 325,660 | 233,361 | ||
Foreign currency translation adjustment | 1,930 | 5,009 | ||
Goodwill, Ending balance | 2,039,293 | [1] | 1,711,703 | [1] |
Goodwill, Impaired, Accumulated Impairment Loss | 1,018,780 | ' | ||
Global components [Member] | ' | ' | ||
Goodwill [Roll Forward] | ' | ' | ||
Goodwill, Beginning balance | 957,916 | [1] | 763,952 | [1] |
Acquisitions | 50,218 | 198,392 | ||
Foreign currency translation adjustment | -7,274 | -4,428 | ||
Goodwill, Ending balance | 1,000,860 | [1] | 957,916 | [1] |
Goodwill, Impaired, Accumulated Impairment Loss | 716,925 | ' | ||
Global ECS [Member] | ' | ' | ||
Goodwill [Roll Forward] | ' | ' | ||
Goodwill, Beginning balance | 753,787 | [1] | 709,381 | [1] |
Acquisitions | 275,442 | 34,969 | ||
Foreign currency translation adjustment | 9,204 | 9,437 | ||
Goodwill, Ending balance | 1,038,433 | [1] | 753,787 | [1] |
Goodwill, Impaired, Accumulated Impairment Loss | $301,855 | ' | ||
[1] | The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment. |
Cost_in_Excess_of_Net_Assets_o3
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, net Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, net - Intangible Assets (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Gross carrying amount | $567,478 | ' | ' | ' | $518,424 | ' | ' | ' | $567,478 | $518,424 | ' | ||||
Accumulated amortization | -141,409 | ' | ' | ' | -104,391 | ' | ' | ' | -141,409 | -104,391 | ' | ||||
Intangible assets, net | 426,069 | ' | ' | ' | 414,033 | ' | ' | ' | 426,069 | 414,033 | ' | ||||
Amortization of Intangible Assets | ' | ' | ' | ' | ' | ' | ' | ' | 36,769 | 36,508 | 35,359 | ||||
Amortization of Intangible Assets Net of Tax | 8,120 | 7,074 | 7,029 | 7,116 | 7,255 | 7,145 | 7,360 | 7,576 | 29,339 | 29,336 | 27,070 | ||||
Amortization of Intangible Assets Net of Tax Per Share Basic and Diluted | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.29 | $0.27 | $0.24 | ||||
Amortization of Intangible Assets Net of Tax Per Share Diluted | ' | ' | ' | ' | ' | ' | ' | ' | $0.28 | $0.26 | $0.23 | ||||
Future Amortization Expense, Year One | 42,375 | ' | ' | ' | ' | ' | ' | ' | 42,375 | ' | ' | ||||
Future Amortization Expense, Year Two | 41,101 | ' | ' | ' | ' | ' | ' | ' | 41,101 | ' | ' | ||||
Future Amortization Expense, Year Three | 39,002 | ' | ' | ' | ' | ' | ' | ' | 39,002 | ' | ' | ||||
Future Amortization Expense, Year Four | 35,207 | ' | ' | ' | ' | ' | ' | ' | 35,207 | ' | ' | ||||
Future Amortization Expense, Year Five | 29,282 | ' | ' | ' | ' | ' | ' | ' | 29,282 | ' | ' | ||||
Customer Relationships [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Weighted Average Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | '11 years | '11 years | ' | ||||
Gross carrying amount | 374,244 | ' | ' | ' | 325,509 | ' | ' | ' | 374,244 | 325,509 | ' | ||||
Accumulated amortization | -134,817 | ' | ' | ' | -100,172 | ' | ' | ' | -134,817 | -100,172 | ' | ||||
Intangible assets, net | 239,427 | ' | ' | ' | 225,337 | ' | ' | ' | 239,427 | 225,337 | ' | ||||
Patented Technology [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Weighted Average Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | '5 years | ' | ||||
Gross carrying amount | 9,625 | ' | ' | ' | 11,154 | ' | ' | ' | 9,625 | 11,154 | ' | ||||
Accumulated amortization | -4,051 | ' | ' | ' | -2,508 | ' | ' | ' | -4,051 | -2,508 | ' | ||||
Intangible assets, net | 5,574 | ' | ' | ' | 8,646 | ' | ' | ' | 5,574 | 8,646 | ' | ||||
Other Intangible Assets [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Gross carrying amount | 4,609 | [1] | ' | ' | ' | 2,761 | [1] | ' | ' | ' | 4,609 | [1] | 2,761 | [1] | ' |
Accumulated amortization | -2,541 | [1] | ' | ' | ' | -1,711 | [1] | ' | ' | ' | -2,541 | [1] | -1,711 | [1] | ' |
Intangible assets, net | 2,068 | [1] | ' | ' | ' | 1,050 | [1] | ' | ' | ' | 2,068 | [1] | 1,050 | [1] | ' |
Acquired Finite-lived Intangible Asset, Useful Life, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ||||
Acquired Finite-lived Intangible Asset, Useful Life, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ||||
Trade Names [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Gross carrying amount | 179,000 | ' | ' | ' | 179,000 | ' | ' | ' | 179,000 | 179,000 | ' | ||||
Accumulated amortization | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ||||
Intangible assets, net | $179,000 | ' | ' | ' | $179,000 | ' | ' | ' | $179,000 | $179,000 | ' | ||||
[1] | Consists of non-competition agreements and sales backlog with useful lives ranging from one to three years. |
Investments_in_Affiliated_Comp2
Investments in Affiliated Companies (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Investments in affiliated companies | $67,229 | $65,603 | ' |
Equity in earnings of affiliated companies | 7,429 | 8,112 | 6,736 |
Equity Method Investment Pro Rata Share Of Debt Obligations Of Joint Venture | 650 | ' | ' |
Marubun/Arrow [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' |
Investments in affiliated companies | 54,672 | 50,864 | ' |
Equity in earnings of affiliated companies | 6,386 | 6,825 | 5,338 |
Altech Industries [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' |
Investments in affiliated companies | 12,557 | 14,739 | ' |
Equity in earnings of affiliated companies | $1,043 | $1,287 | $1,398 |
Accounts_Receivable_Details
Accounts Receivable (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ' | ' |
Accounts receivable | $5,833,888 | $4,978,136 |
Allowances for doubtful accounts | -64,129 | -54,238 |
Accounts receivable, net | $5,769,759 | $4,923,898 |
Debt_ST_Debt_Details
Debt - ST Debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Short-term Debt [Line Items] | ' | ' |
Debt, Current | $23,878 | $364,357 |
Short-term Debt, Weighted Average Interest Rate | 4.50% | 4.20% |
6.875% senior notes, due 2013 [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Debt, Current | 0 | 335,384 |
Short-term borrowings in various countries [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Debt, Current | $23,878 | $28,973 |
Debt_LT_Debt_Details
Debt - LT Debt (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | $2,226,132 | $1,587,478 | ' |
Accounts receivable, net | 5,769,759 | 4,923,898 | ' |
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 443,878 | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 261,400 | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 1,395 | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 229 | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 497,791 | ' | ' |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 1,045,317 | ' | ' |
Net proceeds from note offering | 591,156 | 0 | 0 |
Redemption of senior notes | -338,184 | 0 | -19,324 |
Gains (Losses) on Extinguishment of Debt | -4,277 | ' | -895 |
Loss on prepayment of debt, net of tax | -2,627 | ' | -549 |
Extinguishment of Debt Gain Loss Net of Tax Per Share Basic | $0.03 | ' | ' |
Repayments of Bank Debt | 0 | 0 | 200,000 |
Investment Income, Interest and Dividend | 5,632 | 5,779 | 6,113 |
Interest Paid | 116,663 | 113,628 | 104,340 |
Asset securitization program [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 420,000 | 225,000 | ' |
Debt Instrument, Interest Rate, Effective Percentage | 0.61% | ' | ' |
Asset securitization program | 775,000 | ' | ' |
Asset Securitization Program Interest Rate Spread At End of Period | 0.40% | ' | ' |
Asset Securitization Program Facility Fee | 0.40% | ' | ' |
Accounts receivable, net | 1,867,552 | 1,610,946 | ' |
3.375% notes, due 2015 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 255,004 | 257,732 | ' |
Debt Instrument, Fair Value | 260,000 | 260,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.38% | ' | ' |
6.875% senior debentures, due 2018 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 199,078 | 198,869 | ' |
Debt Instrument, Fair Value | 228,000 | 236,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 6.88% | ' | ' |
3.00% notes, due 2018 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 298,691 | 0 | ' |
Debt Instrument, Fair Value | 300,000 | 0 | ' |
Repayments of Long-term Debt | 300,000 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.00% | ' | ' |
6.00% notes, due 2020 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 299,945 | 299,936 | ' |
Debt Instrument, Fair Value | 330,000 | 342,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ' | ' |
5.125% notes, due 2021 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 249,435 | 249,356 | ' |
Debt Instrument, Fair Value | 260,000 | 272,500 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 5.13% | ' | ' |
4.50% notes, due 2023 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 297,767 | 0 | ' |
Debt Instrument, Fair Value | 291,000 | 0 | ' |
Repayments of Long-term Debt | 300,000 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.50% | ' | ' |
7.50% senior debentures, due 2027 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 198,170 | 198,030 | ' |
Debt Instrument, Fair Value | 232,000 | 246,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.50% | ' | ' |
Other obligations with various interest rates and due dates [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 8,042 | 34,955 | ' |
Senior Notes Due in 2013 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt Instrument, Fair Value | 0 | 342,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 6.88% | ' | ' |
Redemption of senior notes | -332,107 | -17,893 | ' |
Revolving Credit Facility due in 2018 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 0 | 123,600 | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 1,500,000 | ' | ' |
Line of Credit Facility, Interest Rate Spread at Period End | 1.30% | ' | ' |
Line of Credit Facility Commitment Fee Percentage | 0.20% | ' | ' |
Revolving Credit Facility due in 2016 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | $1,200,000 | ' | ' |
Financial_Instruments_Measured2
Financial Instruments Measured at Fair Value (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value Measurement Contingent Consideration | $2,123 | ' |
Fair Value Measurement Contingent Consideration Non-Current | -3,722 | -806 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value, available-for-sale securities | 69,857 | 67,903 |
Interest rate swaps | ' | -10,832 |
Foreign exchange contracts | -654 | -107 |
Fair Value Measurement Contingent Consideration | -5,845 | -806 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | 63,358 | 56,158 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value, available-for-sale securities | 69,857 | 67,903 |
Interest rate swaps | ' | 0 |
Foreign exchange contracts | 0 | 0 |
Fair Value Measurement Contingent Consideration | 0 | 0 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | 69,857 | 67,903 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value, available-for-sale securities | 0 | 0 |
Interest rate swaps | ' | -10,832 |
Foreign exchange contracts | -654 | -107 |
Fair Value Measurement Contingent Consideration | 0 | 0 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | -654 | -10,939 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value, available-for-sale securities | 0 | 0 |
Interest rate swaps | ' | 0 |
Foreign exchange contracts | 0 | 0 |
Fair Value Measurement Contingent Consideration | -5,845 | -806 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | ($5,845) | ($806) |
Financial_Instruments_Measured3
Financial Instruments Measured at Fair Value Financial Instruments Measured at Fair Value - Unobservable Inputs Reconciliation (Details) (Fair Value, Inputs, Level 3 [Member], Fair Value, Measurements, Recurring [Member], Contingent Consideration [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Contingent Consideration [Member] | ' |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' |
Balance as of December 31, 2012 | ($806) |
Fair value of initial contingent consideration | -4,521 |
Change in fair value of contingent consideration included in earnings | -518 |
Balance as of December 31, 2013 | ($5,845) |
Financial_Instruments_Measured4
Financial Instruments Measured at Fair Value - AFS (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value Measurement Contingent Consideration | $2,123 | ' |
Marubun [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available For Sale Investment Ownership Percentage | 8.40% | ' |
Cost basis | 10,016 | 10,016 |
Unrealized holding gain | 2,709 | -85 |
Fair value, available-for-sale securities | 12,725 | 10,101 |
WPG [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available For Sale Investment Ownership Percentage | 1.90% | ' |
Cost basis | 10,798 | 10,798 |
Unrealized holding gain | 24,903 | 29,784 |
Fair value, available-for-sale securities | 35,701 | 40,582 |
Mutual Funds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost basis | 15,614 | 15,271 |
Unrealized holding gain | 5,817 | 1,949 |
Fair value, available-for-sale securities | 21,431 | 17,220 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair value, available-for-sale securities | 69,857 | 67,903 |
Interest Rate Fair Value Hedge Asset at Fair Value | ' | -10,832 |
Foreign Currency Contracts, Liability, Fair Value Disclosure | -654 | -107 |
Fair Value Measurement Contingent Consideration | -5,845 | -806 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | 63,358 | 56,158 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair value, available-for-sale securities | 69,857 | 67,903 |
Interest Rate Fair Value Hedge Asset at Fair Value | ' | 0 |
Foreign Currency Contracts, Liability, Fair Value Disclosure | 0 | 0 |
Fair Value Measurement Contingent Consideration | 0 | 0 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | 69,857 | 67,903 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair value, available-for-sale securities | 0 | 0 |
Interest Rate Fair Value Hedge Asset at Fair Value | ' | -10,832 |
Foreign Currency Contracts, Liability, Fair Value Disclosure | -654 | -107 |
Fair Value Measurement Contingent Consideration | 0 | 0 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | -654 | -10,939 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair value, available-for-sale securities | 0 | 0 |
Interest Rate Fair Value Hedge Asset at Fair Value | ' | 0 |
Foreign Currency Contracts, Liability, Fair Value Disclosure | 0 | 0 |
Fair Value Measurement Contingent Consideration | -5,845 | -806 |
Total Fair Value Assets And Liabilities Measured On Recurring Basis | ($5,845) | ($806) |
Financial_Instruments_Measured5
Financial Instruments Measured at Fair Value - Derivatives (Details) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | ($654) | ($10,939) | ' | |||
Cash Paid for Termination of Net Investment Hedges | 7,700 | ' | ' | |||
Derivative Instrument Gain (Loss) Reclassified into Income, Net | -245 | ' | ' | |||
Derivative, Notional Amount | 445,684 | 425,053 | ' | |||
Fair Value Measurement Contingent Consideration | 2,123 | ' | ' | |||
Fair Value Measurement Contingent Consideration Non-Current | -3,722 | -806 | ' | |||
6.875% senior notes, due 2013 [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Debt Instrument, Interest Rate, Stated Percentage | 6.88% | ' | ' | |||
3.375% notes, due 2015 [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Debt Instrument, Interest Rate, Stated Percentage | 3.38% | ' | ' | |||
Interest Rate Swaps Converting Senior Notes Due in 2013 [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge | ' | ' | 12,203 | |||
Interest Rate Swaps Converting Notes Due in 2015 [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge | ' | 11,856 | ' | |||
Interst Rate Swaps Converting Senior Notes Due in 2013 [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | 2.63% | |||
Derivative, Fair Value, Net | -10,832 | ' | ' | |||
Derivative, Notional Amount | ' | ' | 175,000 | |||
Designated as Hedging Instrument [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | 165 | -10,444 | ' | |||
Not Designated as Hedging Instrument [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | -819 | -495 | ' | |||
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net | -144 | [1] | -3,777 | [1] | -3,633 | [1] |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Accrued Liabilities [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | -2,094 | -2,056 | ' | |||
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Current Assets [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | 1,275 | 1,561 | ' | |||
Fair Value Hedging [Member] | Interest Rate Swaps Converting Notes Due in 2015 [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Notional Amount | 250,000 | ' | ' | |||
Fair Value Hedging [Member] | Interst Rate Swaps Converting Senior Notes Due in 2013 [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative Asset, Notional Amount | 275,000 | ' | ' | |||
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Accrued Liabilities [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | 0 | -10,832 | ' | |||
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net | 3,132 | [2] | -7,823 | [2] | -3,009 | [2] |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | -537 | [2] | 0 | [2] | 0 | [2] |
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 292 | [2] | 0 | [2] | 0 | [2] |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion, Net | -243 | [3] | 1,012 | [3] | -711 | [3] |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 439 | [3] | -54 | [3] | 53 | [3] |
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 0 | [3] | 0 | [3] | 0 | [3] |
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Accrued Liabilities [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | -203 | -45 | ' | |||
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Current Assets [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Derivative, Fair Value, Net | 368 | 433 | ' | |||
Greentech [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Business Acquisition, Contingent Consideration, Potential Cash Payment | 6,000 | ' | ' | |||
Waching [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Business Acquisition, Contingent Consideration, Potential Cash Payment | 5,400 | ' | ' | |||
Seed [Member] | ' | ' | ' | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | |||
Business Acquisition, Contingent Consideration, Potential Cash Payment | $18,000 | ' | ' | |||
[1] | The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations. | |||||
[2] | Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. | |||||
[3] | Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations. |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 29, 2013 | Dec. 31, 2013 | Dec. 31, 2011 |
International [Member] | Increase in Interest Expense [Member] | Increase in the Provision for Income Taxes [Member] | Increase in the Provision for Income Taxes [Member] | Increase in the Provision for Income Taxes [Member] | Reduction of the Provision for Income Taxes [Member] | |||||
Income Tax Contingency [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax Adjustments, Settlements, and Unusual Provisions | ' | ' | ' | ' | ' | $1,623 | $15,447 | $5,362 | $20,809 | $28,928 |
Tax Adjustments Settlements And Unusual Provisions, Net of Tax | ' | ' | ' | ' | ' | 1,236 | ' | ' | ' | ' |
Tax Adjustments, Settlements, and Unusual Provisions, Per Share Basic and Diluted | ' | ' | ' | ' | ' | $0.01 | $0.15 | $0.05 | $0.20 | $0.25 |
Unrecognized Tax Benefits | 45,987 | 46,980 | 63,498 | 66,110 | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits Expected to be Paid | 317 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits, Interest on Income Taxes Expense | 267 | 18 | 2,068 | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 10,637 | 10,599 | ' | ' | ' | ' | ' | ' | ' | ' |
Tax Credit Carryforward, Amount | ' | ' | ' | ' | 237,579 | ' | ' | ' | ' | ' |
Tax Credit Carryforward, Subject to Expiration | ' | ' | ' | ' | 30,000 | ' | ' | ' | ' | ' |
Tax Credit Carryforward, No Expiration | ' | ' | ' | ' | 207,579 | ' | ' | ' | ' | ' |
Tax Credit Carryforward, Deferred Tax Asset | ' | ' | ' | ' | 67,415 | ' | ' | ' | ' | ' |
Other Tax Carryforward, Valuation Allowance | ' | ' | ' | ' | 11,168 | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | 64,514 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Liabilities, Undistributed Foreign Earnings | 2,813,169 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Taxes Paid, Net | $235,102 | $179,408 | $236,872 | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Provision_for_Inc
Income Taxes - Provision for Income Taxes (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Jun. 29, 2013 | Dec. 31, 2013 |
Increase in the Provision for Income Taxes [Member] | Increase in the Provision for Income Taxes [Member] | Increase in the Provision for Income Taxes [Member] | ||||
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' |
Tax Adjustments, Settlements, and Unusual Provisions, Per Share Basic and Diluted | ' | ' | ' | $0.15 | $0.05 | $0.20 |
Current Federal Tax Expense (Benefit) | $85,173 | $134,276 | $113,937 | ' | ' | ' |
Current State and Local Tax Expense (Benefit) | 15,845 | 22,072 | 19,416 | ' | ' | ' |
Current International Tax Expense (Benefit) | 81,052 | 52,708 | 88,509 | ' | ' | ' |
Current Income Tax Expense (Benefit) | 182,070 | 209,056 | 221,862 | ' | ' | ' |
Deferred Federal Income Tax Expense (Benefit) | 22,973 | 9,690 | 25,729 | ' | ' | ' |
Deferred State and Local Income Tax Expense (Benefit) | 2,438 | 2,572 | 3,328 | ' | ' | ' |
Deferred International Income Tax Expense (Benefit) | -25,138 | -17,676 | -40,434 | ' | ' | ' |
Deferred income taxes | 273 | -5,414 | -11,377 | ' | ' | ' |
Provision for income taxes | $182,343 | $203,642 | $210,485 | ' | ' | ' |
Income_Taxes_Effective_Income_
Income Taxes - Effective Income Tax Reconciliation (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate | 35.00% | ' | ' |
United States | $326,990 | $441,526 | $405,508 |
International | 255,229 | 268,833 | 404,293 |
Income before income taxes | 582,219 | 710,359 | 809,801 |
Provision at statutory tax rate | 203,777 | 248,626 | 283,430 |
State taxes, net of federal benefit | 11,885 | 16,019 | 14,784 |
International effective tax rate differential | -22,059 | -43,008 | -48,785 |
Change in valuation allowance | -8,253 | -6,266 | -49,826 |
Other non-deductible expenses | 2,840 | 2,764 | 4,744 |
Changes in tax accruals | -1,336 | -10,613 | 12,437 |
Other | -4,511 | -3,880 | -6,299 |
Provision for income taxes | $182,343 | $203,642 | $210,485 |
Income_Taxes_Unrecognized_Tax_
Income Taxes - Unrecognized Tax Benefits Reconciliation (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Unrecognized Tax Benefits Reconciliation | ' | ' | ' |
Balance at beginning of year | $46,980 | $63,498 | $66,110 |
Additions based on tax positions taken during a prior period | 22,170 | 448 | 10,850 |
Reductions based on tax positions taken during a prior period | -3,684 | -11,824 | -2,389 |
Additions based on tax positions taken during the current period | 7,593 | 8,014 | 7,602 |
Reductions related to settlement of tax matters | -24,450 | -8,288 | -12,879 |
Reductions related to a lapse of applicable statute of limitations | -2,622 | -4,868 | -5,796 |
Balance at end of year | 45,987 | 46,980 | 63,498 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $10,637 | $10,599 | ' |
Income_Taxes_Summary_of_Open_T
Income Taxes - Summary of Open Tax Positions (Details) | 12 Months Ended | |
Dec. 31, 2013 | ||
Minimum [Member] | United States Federal [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2010 | |
Minimum [Member] | United States State [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2007 | |
Minimum [Member] | Germany [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2010 | [1] |
Minimum [Member] | Hong Kong [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2006 | |
Minimum [Member] | Italy [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2008 | [1] |
Minimum [Member] | Sweden [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2007 | |
Minimum [Member] | United Kingdom [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2011 | |
Maximum [Member] | United States Federal [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2013 | |
Maximum [Member] | United States State [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2013 | |
Maximum [Member] | Germany [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2013 | [1] |
Maximum [Member] | Hong Kong [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2013 | |
Maximum [Member] | Italy [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2013 | [1] |
Maximum [Member] | Sweden [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2013 | |
Maximum [Member] | United Kingdom [Member] | ' | |
Income Tax Contingency [Line Items] | ' | |
Open Tax Years by Major Tax Jurisdiction | '2013 | |
[1] | Includes federal as well as local jurisdictions. |
Income_Taxes_Schedule_of_Defer
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred Tax Assets and Liabilities [Line Items] | ' | ' |
Net operating loss carryforwards | $92,784 | $95,960 |
Inventory adjustments | 43,009 | 45,201 |
Allowance for doubtful accounts | 16,513 | 17,008 |
Accrued expenses | 52,664 | 56,222 |
Interest carryforward | 64,717 | 46,876 |
Stock-based compensation awards | 11,507 | 14,266 |
Other comprehensive income items | 6,206 | 15,055 |
Other | 1,470 | 3,381 |
Deferred Tax Assets, Gross | 288,870 | 293,969 |
Valuation Allowance | -16,156 | -24,409 |
Total deferred tax assets | 272,714 | 269,560 |
Goodwill | -54,261 | -31,107 |
Depreciation | -65,309 | -61,896 |
Intangible Assets | -66,919 | -61,690 |
Total deferred tax liabilities | -186,489 | -154,693 |
Total net deferred tax assets | $86,225 | $114,867 |
Restructuring_Integration_and_2
Restructuring, Integration, and Other Charges (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | $92,650 | $47,437 | $37,811 |
Restructuring, integration, and other charges, net of taxes | 13,341 | 16,077 | 20,688 | 15,495 | 6,320 | 8,576 | 9,702 | 6,141 | 65,601 | 30,739 | 28,054 |
Restructuring Charges Net of Tax Per Share Basic and Diluted | $0.13 | $0.16 | $0.20 | ' | $0.06 | $0.08 | $0.09 | $0.05 | ' | $0.28 | ' |
Restructuring Charges Net of Tax Per Share Basic | ' | ' | ' | $0.15 | ' | ' | ' | ' | $0.64 | ' | $0.25 |
Restructuring Charges Net of Tax Per Share Diluted | ' | ' | ' | $0.14 | ' | ' | ' | ' | $0.63 | ' | $0.24 |
Restructuring Charges 2013 Plan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 79,921 | ' | ' |
Vacated Facilities | ' | ' | ' | ' | ' | ' | ' | ' | 38 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Global components [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | ' | ' | ' | ' | ' | ' | 870 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Global ECS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | ' | ' | ' | ' | ' | ' | 310 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Employee Severance [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 66,233 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Facility Closing [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 12,586 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Other Restructuring [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 1,102 | ' | ' |
Restructuring Charges 2012 Plan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 486 | 43,333 | ' |
Vacated Facilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | ' |
Restructuring Charges 2012 Plan [Member] | Global components [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | ' | ' | ' | ' | ' | ' | ' | 505 | ' |
Restructuring Charges 2012 Plan [Member] | Global ECS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | ' | ' | ' | ' | ' | ' | ' | 360 | ' |
Restructuring Charges 2012 Plan [Member] | Employee Severance [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 675 | 31,318 | ' |
Restructuring Charges 2012 Plan [Member] | Facility Closing [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | -189 | 5,416 | ' |
Restructuring Charges 2012 Plan [Member] | Other Restructuring [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 6,599 | ' |
Restructuring Charges 2011 Plan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 186 | 2,836 | 23,818 |
Vacated Facilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18 |
Restructuring Charges 2011 Plan [Member] | Global components [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 280 |
Restructuring Charges 2011 Plan [Member] | Global ECS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 240 |
Restructuring Charges 2011 Plan [Member] | Employee Severance [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | -133 | 2,413 | 17,474 |
Restructuring Charges 2011 Plan [Member] | Facility Closing [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 319 | 423 | 5,387 |
Restructuring Charges 2011 Plan [Member] | Other Restructuring [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 957 |
Restructuring Charges From Prior Periods [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 794 | 1,387 | -689 |
Restructuring Charges From Prior to 2011 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 122 | ' | ' |
Restructuring Charges From Prior to 2011 [Member] | Employee Severance [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | -8 | ' | ' |
Restructuring Charges From Prior to 2011 [Member] | Facility Closing [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 130 | ' | ' |
Restructuring Charges From Acquisitions [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 11,935 | 2,717 | 14,682 |
Restructuring Charges From Acquisitions [Member] | Contingent Consideration [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,584 | ' |
Restructuring_Integration_and_3
Restructuring, Integration, and Other Charges - Accrual (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | $92,650 | $47,437 | $37,811 |
Restructuring Reserve | 36,151 | ' | ' |
Number of Years for the Personnel Accrual to Be Spent | 1 | ' | ' |
Employee Severance [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 27,543 | ' | ' |
Facility Closing [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 8,400 | ' | ' |
Restructuring Reserve Scheduled Lease Payments Current Year | 5,465 | ' | ' |
Restructuring Reserve Scheduled Lease Payments Year One | 1,970 | ' | ' |
Restructuring Reserve Scheduled Lease Payments Year Two | 584 | ' | ' |
Restructuring Reserve Scheduled Lease Payments Year Three | 255 | ' | ' |
Restructuring Reserve Scheduled Lease Payments Year Four | 126 | ' | ' |
Other Restructuring [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 208 | ' | ' |
Restructuring Charges 2013 Plan [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Vacated Facilities | 38 | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | 79,921 | ' | ' |
Payments | -48,220 | ' | ' |
Non-cash usage | -895 | ' | ' |
Foreign currency translation | 931 | ' | ' |
Restructuring Reserve | 31,737 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Employee Severance [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | 66,233 | ' | ' |
Payments | -41,350 | ' | ' |
Non-cash usage | 0 | ' | ' |
Foreign currency translation | 838 | ' | ' |
Restructuring Reserve | 25,721 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Facility Closing [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | 12,586 | ' | ' |
Payments | -6,870 | ' | ' |
Non-cash usage | 0 | ' | ' |
Foreign currency translation | 92 | ' | ' |
Restructuring Reserve | 5,808 | ' | ' |
Restructuring Charges 2013 Plan [Member] | Other Restructuring [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | 1,102 | ' | ' |
Payments | 0 | ' | ' |
Non-cash usage | -895 | ' | ' |
Foreign currency translation | 1 | ' | ' |
Restructuring Reserve | 208 | ' | ' |
Restructuring Charges 2012 Plan [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Vacated Facilities | ' | 14 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 14,943 | ' | ' |
Restructuring, integration, and other charges | 486 | 43,333 | ' |
Payments | -13,552 | -21,981 | ' |
Non-cash usage | ' | -6,599 | ' |
Foreign currency translation | -71 | 190 | ' |
Restructuring Reserve | 1,806 | 14,943 | ' |
Restructuring Charges 2012 Plan [Member] | Employee Severance [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 10,501 | ' | ' |
Restructuring, integration, and other charges | 675 | 31,318 | ' |
Payments | -10,291 | -20,983 | ' |
Non-cash usage | ' | 0 | ' |
Foreign currency translation | -12 | 166 | ' |
Restructuring Reserve | 873 | 10,501 | ' |
Restructuring Charges 2012 Plan [Member] | Facility Closing [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 4,442 | ' | ' |
Restructuring, integration, and other charges | -189 | 5,416 | ' |
Payments | -3,261 | -998 | ' |
Non-cash usage | ' | 0 | ' |
Foreign currency translation | -59 | 24 | ' |
Restructuring Reserve | 933 | 4,442 | ' |
Restructuring Charges 2012 Plan [Member] | Other Restructuring [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 0 | ' | ' |
Restructuring, integration, and other charges | 0 | 6,599 | ' |
Payments | 0 | 0 | ' |
Non-cash usage | ' | -6,599 | ' |
Foreign currency translation | 0 | 0 | ' |
Restructuring Reserve | 0 | 0 | ' |
Restructuring Charges 2011 Plan [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Vacated Facilities | ' | ' | 18 |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 2,691 | ' | 8,707 |
Restructuring, integration, and other charges | 186 | 2,836 | 23,818 |
Payments | -1,520 | -8,821 | -15,000 |
Foreign currency translation | 26 | -31 | -111 |
Restructuring Reserve | 1,383 | 2,691 | ' |
Restructuring Charges 2011 Plan [Member] | Employee Severance [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 1,009 | ' | 5,517 |
Restructuring, integration, and other charges | -133 | 2,413 | 17,474 |
Payments | -194 | -6,883 | -11,830 |
Foreign currency translation | 28 | -38 | -127 |
Restructuring Reserve | 710 | 1,009 | ' |
Restructuring Charges 2011 Plan [Member] | Facility Closing [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 1,682 | ' | 3,190 |
Restructuring, integration, and other charges | 319 | 423 | 5,387 |
Payments | -1,326 | -1,938 | -2,213 |
Foreign currency translation | -2 | 7 | 16 |
Restructuring Reserve | 673 | 1,682 | ' |
Restructuring Charges 2011 Plan [Member] | Other Restructuring [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring Reserve | 0 | ' | 0 |
Restructuring, integration, and other charges | 0 | 0 | 957 |
Payments | 0 | 0 | -957 |
Foreign currency translation | 0 | 0 | 0 |
Restructuring Reserve | 0 | 0 | ' |
Restructuring Charges From Prior to 2011 [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | 122 | ' | ' |
Restructuring Reserve | 1,225 | ' | ' |
Restructuring Charges From Prior to 2011 [Member] | Employee Severance [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | -8 | ' | ' |
Restructuring Reserve | 239 | ' | ' |
Restructuring Charges From Prior to 2011 [Member] | Facility Closing [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | 130 | ' | ' |
Restructuring Reserve | 986 | ' | ' |
Restructuring Charges From Acquisitions [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring, integration, and other charges | $11,935 | $2,717 | $14,682 |
Global components [Member] | Restructuring Charges 2013 Plan [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | 870 | ' | ' |
Global components [Member] | Restructuring Charges 2012 Plan [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | 505 | ' |
Global components [Member] | Restructuring Charges 2011 Plan [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | 280 |
Global ECS [Member] | Restructuring Charges 2013 Plan [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | 310 | ' | ' |
Global ECS [Member] | Restructuring Charges 2012 Plan [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | 360 | ' |
Global ECS [Member] | Restructuring Charges 2011 Plan [Member] | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' |
Restructuring and Related Cost Number of Positions Eliminated | ' | ' | 240 |
Shareholders_Equity_Shareholde
Shareholders' Equity Shareholders Equity Components of Accumulated Other Comprehensive Income (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | $248,425 | $182,632 | ' |
Accumulated Other Comprehensive Income Loss Other | 225,552 | 145,137 | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | 65,793 | 23,889 | -49,384 |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | 1,027 | 3,679 | -11,886 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 2,075 | -4,805 | -1,855 |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | 11,520 | -6,976 | -14,482 |
Other Comprehensive Income (Loss), Net of Tax | 80,415 | 15,787 | -77,607 |
Unrealized gain loss on investment securities [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income Loss Other | 20,644 | 19,617 | ' |
Unrealized gain loss on interest rate swaps designated as cash flow hedges, net [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income Loss Other | -4,594 | -6,669 | ' |
Employee benefit plan items [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income Loss Other | -38,923 | -50,443 | ' |
Other comprehensive income before reclassifications [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | 66,232 | ' | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | 1,027 | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 1,923 | ' | ' |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | -8,647 | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | 77,829 | ' | ' |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | -439 | ' | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | 0 | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 152 | ' | ' |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | -2,873 | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | 2,586 | ' | ' |
Intra-entity foreign currency transactions [Member] | Other comprehensive income before reclassifications [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | ($17,557) | ' | ' |
Shareholders_EquityCommon_Stoc
Shareholders' Equity-Common Stock Rollforward (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Repurchases of common stock | 6,032,892 | ' | ' |
Preferred Stock, Shares Authorized | 2,000,000 | ' | ' |
Stock Repurchase Program, Amount Authorized | 200,000 | ' | ' |
Treasury Stock, Value, Acquired, Cost Method | 248,571 | ' | ' |
Common Stock Issued [Member] | ' | ' | ' |
Common stock outstanding, Beginning balance | 125,424 | 125,382 | 125,337 |
Shares issued for stock-based compensation awards | 0 | 42 | 45 |
Repurchases of common stock | 0 | 0 | 0 |
Common stock outstanding, Ending balance | 125,424 | 125,424 | 125,382 |
Treasury Stock [Member] | ' | ' | ' |
Common stock outstanding, Beginning balance | 19,423 | 13,568 | 10,690 |
Shares issued for stock-based compensation awards | -2,772 | -1,326 | -2,662 |
Repurchases of common stock | 8,837 | 7,181 | 5,540 |
Common stock outstanding, Ending balance | 25,488 | 19,423 | 13,568 |
Common Stock at Par Value [Member] | ' | ' | ' |
Common stock outstanding, Beginning balance | 106,001 | 111,814 | 114,647 |
Shares issued for stock-based compensation awards | 2,772 | 1,368 | 2,707 |
Repurchases of common stock | -8,837 | -7,181 | -5,540 |
Common stock outstanding, Ending balance | 99,936 | 106,001 | 111,814 |
Net_Income_Per_Share_Details
Net Income Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||
Earnings Per Share, Diluted [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Net income attributable to shareholders | $134,831 | [1] | $96,779 | [2] | $89,935 | [3] | $77,875 | [4] | $174,704 | [5] | $103,617 | [6] | $114,383 | [7] | $113,628 | [8] | $399,420 | $506,332 | $598,810 | |||
Weight-average shares outstanding - basic | ' | ' | ' | ' | ' | ' | ' | ' | 102,559 | 109,240 | 114,025 | |||||||||||
Net effect of various dilutive stock-based compensation awards | ' | ' | ' | ' | ' | ' | ' | ' | 1,140 | 1,837 | 1,907 | |||||||||||
Weighted average shares outstanding - diluted | ' | ' | ' | ' | ' | ' | ' | ' | 103,699 | 111,077 | 115,932 | |||||||||||
Net Income per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Basic | $1.34 | [1],[9] | $0.96 | [2],[9] | $0.87 | [3],[9] | $0.74 | [4],[9] | $1.64 | [5] | $0.96 | [6] | $1.04 | [7] | $1.01 | [8] | $3.89 | $4.64 | $5.25 | |||
Diluted | $1.32 | [1],[9] | $0.95 | [2],[9] | $0.86 | [3],[9] | $0.72 | [4],[9] | $1.62 | [5] | $0.94 | [6] | $1.02 | [7] | $1 | [8] | $3.85 | [10] | $4.56 | [10] | $5.17 | [10] |
Stock Compensation Plan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Net Income per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | ' | ' | ' | ' | ' | ' | ' | 874 | 1,424 | 1,051 | |||||||||||
[1] | restructuring, integration, and other charges ($13,341 net of related taxes or $.13 per share on both a basic and diluted basis) | |||||||||||||||||||||
[2] | restructuring, integration, and other charges ($16,077 net of related taxes or $.16 per share on both a basic and diluted basis). | |||||||||||||||||||||
[3] | restructuring, integration, and other charges ($20,688 net of related taxes or $.20 per share on both a basic and diluted basis). Also included is an increase in the provision for income taxes ($5,362 net of related taxes or $.05 per share on both a basic and diluted basis) and interest expense ($939 net of related taxes or $.01 per share on both a basic and diluted basis) related to the settlement of certain international tax matters. | |||||||||||||||||||||
[4] | Includes amortization expense related to identifiable intangible assets ($7,116 net of related taxes or $.07 per share on both a basic and diluted basis), restructuring, integration, and other charges ($15,495 net of related taxes or $.15 and $.14 per share on a basic and diluted basis, respectively), and a loss on prepayment of debt ($2,627 net of related taxes or $.02 per share on both a basic and diluted basis). | |||||||||||||||||||||
[5] | restructuring, integration, and other charges ($6,320 net of related taxes or $.06 per share on both a basic and diluted basis), and a gain on the settlement of a legal matter ($48,623 net of related taxes or $.46 and $.45 per share on a basic and diluted basis, respectively). | |||||||||||||||||||||
[6] | Includes amortization expense related to identifiable intangible assets ($7,145 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($8,576 net of related taxes or $.08 per share on both a basic and diluted basis). | |||||||||||||||||||||
[7] | Includes amortization expense related to identifiable intangible assets ($7,360 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($9,702 net of related taxes or $.09 per share on both a basic and diluted basis). | |||||||||||||||||||||
[8] | restructuring, integration, and other charges ($6,141 net of related taxes or $.05 per share on both a basic and diluted basis). | |||||||||||||||||||||
[9] | Quarterly net income per share is calculated using the weighted-average shares outstanding during each quarterly period, while net income per share for the full year is calculated using the weighted-average shares outstanding during the year. Therefore, the sum of the net income per share for each of the four quarters may not equal the net income per share for the full year. | |||||||||||||||||||||
[10] | Stock-based compensation awards for the issuance of 874 shares, 1,424 shares, and 1,051 shares for the years ended DecemberB 31, 2013, 2012, and 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive. |
Employee_Stock_Plans_Details
Employee Stock Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 21,800,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 4,405,137 | 6,178,635 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | $16,345 | $7,675 | $17,642 |
Proceeds from exercise of stock options | 36,014 | 13,372 | 46,665 |
Tax benefits related to stock-based compensation awards | 21,882 | 11,842 | 19,796 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $15.83 | $15.20 | $14.80 |
Non-employee director award | $130 | ' | ' |
Employee_Stock_Plans_Stock_Opt
Employee Stock Plans - Stock Option Activity Table (Details) (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' |
Shares outstanding | 2,228,108 | 3,008,520 |
Shares outstanding, weighted-average exercise price | $35.92 | $32.93 |
Shares granted | 489,779 | ' |
Shares granted, weighted-average exercise price | $41.56 | ' |
Shares exercised | -1,180,151 | ' |
Shares exercised, weighted-average exercise price | $30.52 | ' |
Shares forfeited | -90,040 | ' |
Shares forfeited, weighted-average exercise price | $37.29 | ' |
Shares exercisable | 1,134,833 | ' |
Shares exercisable, weighted-average exercise price | $32.68 | ' |
Shares outstanding, weighted-average remaining contractual life | '76 months | ' |
Shares exercisable, weighted-average remaining contractual life | '54 months | ' |
Shares outstanding, aggregate intrinsic value | $40,834 | ' |
Shares exercisable, aggregate intrinsic value | $24,475 | ' |
Employee_Stock_Plans_Stock_Opt1
Employee Stock Plans - Stock Option Valuation Assumptions (Details) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 41.00% | [1] | 39.00% | [1] | 37.00% | [1] |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | '5 years 4 months 24 days | [2] | '5 years 3 months 18 days | [2] | '5 years 6 months | [2] |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 1.00% | [3] | 1.00% | [3] | 2.00% | [3] |
[1] | Volatility is measured using historical daily price changes of the company's common stock over the expected term of the option. | |||||
[2] | The expected term represents the weighted-average period the option is expected to be outstanding and is based primarily on the historical exercise behavior of employees. | |||||
[3] | The risk-free interest rate is based on the U.S. Treasury zero-coupon yield with a maturity that approximates the expected term of the option. |
Employee_Stock_Plans_Summary_o
Employee Stock Plans - Summary of Non-Vested Shares (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 2,086,419 | 2,784,653 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $39.65 | $32.56 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 1,017,669 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $39.08 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | -1,511,109 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $26.44 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | -204,794 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period, Weighted Average Grant Date Fair Value | $37.88 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | $59,876 | $34,593 | $48,055 |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $41,520 | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '2 years 2 months 12 days | ' | ' |
Employee_Benefit_Plan_Narrativ
Employee Benefit Plan - Narrative (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Other Comprehensive Income (loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (loss) Recognized in Net Periodic Benefit Cost, After Tax | $7,615 | ($9,120) | ($15,228) |
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), After Tax | 19 | 19 | 19 |
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Gain (Loss), After Tax | -2,854 | -2,311 | -1,103 |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), After Tax | 7 | 25 | ' |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Actuarial Cost (Credit), After Tax | -36,584 | -47,053 | ' |
Employee Stock Ownership Plan (ESOP), Cash Contributions to ESOP | ' | 5,966 | 5,222 |
Defined Contribution Plan, Cost Recognized | 14,102 | 14,014 | 10,063 |
Defined Contribution Plan, Employer Discretionary Contribution Amount | 7,403 | ' | ' |
Current Arrow SERP [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Number of Participants | 10 | ' | ' |
Former Arrow SERP [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Number of Participants | 16 | ' | ' |
Supplemental Employee Retirement Plan, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Benefits Paid | -3,288 | -3,238 | ' |
Wyle Defined Benefit Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Benefits Paid | -6,170 | -5,670 | ' |
Defined Benefit Plan, Contributions by Employer | 300 | 5,450 | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year | 5,600 | ' | ' |
Defined Benefit Plan, Prior Service Cost [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Amortization of Net Gains (Losses) | 19 | ' | ' |
Defined Benefit Plan, Actuarial Loss [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Amortization of Net Gains (Losses) | 2,500 | ' | ' |
International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | $26,038 | $23,990 | $23,450 |
Equities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Target Allocation Percentage of Assets, Equity Securities | 65.00% | ' | ' |
Fixed Income [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Target Allocation Percentage of Assets, Equity Securities | 35.00% | ' | ' |
Employee_Benefit_Plans_Arrow_S
Employee Benefit Plans - Arrow SERP and Wyle Defined Benefit Plan (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | $104,714 | $92,976 | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Expected Long-Term Return on Assets | 6.75% | 7.25% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | 7.25% | 7.50% | ' |
Current Arrow SERP [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Number of Participants | 10 | ' | ' |
Supplemental Employee Retirement Plan, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Accumulated Benefit Obligation | 67,320 | 63,584 | ' |
Defined Benefit Plan, Benefit Obligation | 75,312 | 73,327 | 61,690 |
Defined Benefit Plan, Service Cost | 2,126 | 2,064 | ' |
Defined Benefit Plan, Interest Cost | 2,846 | 3,031 | ' |
Defined Benefit Plan, Actuarial Net (Gains) Losses | 301 | 9,780 | ' |
Defined Benefit Plan, Funded Status of Plan | -75,312 | -73,327 | ' |
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities | -3,531 | -3,483 | ' |
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent | -71,781 | -69,844 | ' |
Defined Benefit Plan, Amortization of Gains (Losses) | -2,707 | -2,013 | ' |
Defined Benefit Plan, Net Periodic Benefit Cost | 7,721 | 7,150 | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.50% | 4.00% | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase | 5.00% | 5.00% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 4.00% | 4.75% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 5.00% | 5.00% | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year One | 3,602 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Two | 3,564 | ' | ' |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 42 | 42 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Three | 3,617 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Four | 3,568 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Five | 4,054 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Five Fiscal Years Thereafter | 25,890 | ' | ' |
Defined Benefit Plan, Benefits Paid | 3,288 | 3,238 | ' |
Wyle Defined Benefit Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Accumulated Benefit Obligation | 126,481 | 128,771 | ' |
Defined Benefit Plan, Benefit Obligation | 126,481 | 128,771 | 118,191 |
Defined Benefit Plan, Fair Value of Plan Assets | 104,714 | 92,976 | 81,719 |
Defined Benefit Plan, Actual Return on Plan Assets | 17,608 | 11,477 | ' |
Defined Benefit Plan, Contributions by Employer | 300 | 5,450 | ' |
Defined Benefit Plan, Service Cost | 0 | 0 | ' |
Defined Benefit Plan, Interest Cost | 5,038 | 5,442 | ' |
Defined Benefit Plan, Expected Return on Plan Assets | -6,516 | -6,200 | ' |
Defined Benefit Plan, Actuarial Net (Gains) Losses | -1,158 | 10,808 | ' |
Defined Benefit Plan, Funded Status of Plan | -21,767 | -35,795 | ' |
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities | 0 | 0 | ' |
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent | -21,767 | -35,795 | ' |
Defined Benefit Plan, Amortization of Gains (Losses) | -1,956 | -1,745 | ' |
Defined Benefit Plan, Net Periodic Benefit Cost | 478 | 987 | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.50% | 4.00% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 4.00% | 4.75% | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year One | 6,755 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Two | 6,804 | ' | ' |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Three | 6,980 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Four | 7,053 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Year Five | 7,089 | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments in Five Fiscal Years Thereafter | 37,572 | ' | ' |
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year | 5,600 | ' | ' |
Defined Benefit Plan, Benefits Paid | $6,170 | $5,670 | ' |
Employee_Benefit_Plans_Fair_Va
Employee Benefit Plans - Fair Value of Plan Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | $104,714 | $92,976 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 101,223 | 89,568 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,491 | 3,408 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
Common Collective Trusts [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | ' | 749 |
Common Collective Trusts [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | ' | 0 |
Common Collective Trusts [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | ' | 749 |
Common Collective Trusts [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | ' | 0 |
US Common Stocks [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 42,638 | 33,806 |
US Common Stocks [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 42,638 | 33,806 |
US Common Stocks [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
US Common Stocks [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
International Mutual Funds [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 15,276 | 12,714 |
International Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 15,276 | 12,714 |
International Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
International Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
Index Mutual Funds [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 15,482 | 12,674 |
Index Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 15,482 | 12,674 |
Index Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
Index Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
Mutual Funds [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 27,827 | 30,374 |
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 27,827 | 30,374 |
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
Insurance Contracts [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,491 | 2,659 |
Insurance Contracts [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 |
Insurance Contracts [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,491 | 2,659 |
Insurance Contracts [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | $0 | $0 |
Lease_Commitments_Narrative_De
Lease Commitments - Narrative (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Leased Assets [Line Items] | ' | ' | ' |
Lease Expiration Date | '2023 | ' | ' |
Operating Leases, Rent Expense, Net | $79,966 | $79,104 | $74,882 |
Lease_Comitments_Details
Lease Comitments (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Lease Commitments [Abstract] | ' |
2014 | $60,191 |
2015 | 51,597 |
2016 | 30,199 |
2017 | 21,268 |
2018 | 12,945 |
Thereafter | $21,367 |
Contingencies_Details
Contingencies (Details) | 3 Months Ended | 12 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
USD ($) | USD ($) | USD ($) | USD ($) | Huntsville Site [Member] | Groundwater Removal [Member] | Investigation Report [Member] | Tekelec Matter [Member] | |
USD ($) | Norco Site [Member] | Huntsville Site [Member] | EUR (€) | |||||
USD ($) | USD ($) | |||||||
Site Contingency [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation Settlement, Gross | ' | ' | $110,000 | ' | ' | ' | ' | ' |
Settlement of legal matters | ' | 0 | 79,158 | -5,875 | ' | ' | ' | ' |
Settlement of legal matters, net of tax | 48,623 | ' | 48,623 | -3,609 | ' | ' | ' | ' |
Net of Tax, Per Share Related to Litigation Settlement Per Share Basic | $0.46 | ' | $0.45 | ' | ' | ' | ' | ' |
Net of Tax, Per Share Related to Litigation Settlement Per Share Diluted | $0.45 | ' | $0.44 | ' | ' | ' | ' | ' |
Recovery of Direct Costs | ' | 33,000 | ' | ' | ' | ' | ' | ' |
Net of Tax, Per Share Related to Litigation Settlement Per Share Basic and Diluted | ' | ' | ' | $0.03 | ' | ' | ' | ' |
Environmental Remediation Expense To Date | ' | ' | ' | ' | 4,000 | 44,000 | ' | ' |
Additional Expected Project Expenditures Low Estimate | ' | ' | ' | ' | 3,000 | 17,600 | 500 | ' |
Additional Expected Project Expenditures High Estimate | ' | ' | ' | ' | 4,000 | 24,500 | 750 | ' |
Loss Contingency, Range of Possible Loss, Maximum | ' | ' | ' | ' | ' | ' | ' | 11,333 |
Loss Contingency Damages Sought Value | ' | ' | ' | ' | ' | ' | ' | 3,742 |
Loss Contingency, Expenses Sought, Value | ' | ' | ' | ' | ' | ' | ' | € 312 |
Segment_and_Geographic_Informa2
Segment and Geographic Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Sales: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | $6,153,360 | $5,048,211 | $5,306,085 | $4,849,629 | $5,402,705 | $4,962,331 | $5,150,563 | $4,889,529 | $21,357,285 | $20,405,128 | $21,390,264 | |||
Operating income (loss): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 693,500 | 804,123 | 908,843 | |||
Restructuring, integration, and other charges | ' | ' | ' | ' | ' | ' | ' | ' | 92,650 | 47,437 | 37,811 | |||
Settlement of legal matters | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -79,158 | 5,875 | |||
Assets | 12,060,883 | ' | ' | ' | 10,785,687 | ' | ' | ' | 12,060,883 | 10,785,687 | ' | |||
Global components [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 13,495,766 | 13,361,122 | 14,853,823 | |||
Operating income (loss): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 575,612 | 619,282 | 823,774 | |||
Assets | 6,596,255 | ' | ' | ' | 6,467,123 | ' | ' | ' | 6,596,255 | 6,467,123 | ' | |||
Global ECS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 7,861,519 | 7,044,006 | 6,536,441 | |||
Operating income (loss): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 350,442 | 290,970 | 262,893 | |||
Assets | 4,807,400 | ' | ' | ' | 3,685,100 | ' | ' | ' | 4,807,400 | 3,685,100 | ' | |||
Corporate Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating income (loss): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | -232,554 | [1] | -106,129 | [1] | -177,824 | [1] |
Assets | $657,228 | ' | ' | ' | $633,464 | ' | ' | ' | $657,228 | $633,464 | ' | |||
[1] | Includes restructuring, integration, and other charges of $92,650, $47,437, and $37,811 in 2013, 2012, and 2011, respectively. Also included is a gain of $79,158 and a charge of $5,875 in 2012 and 2011, respectively, related to the settlement of legal matters. |
Segment_and_Geographic_Informa3
Segment and Geographic Information - Geographic Sales & PP&E (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Revenues From External Customers And Long Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Sales | $6,153,360 | $5,048,211 | $5,306,085 | $4,849,629 | $5,402,705 | $4,962,331 | $5,150,563 | $4,889,529 | $21,357,285 | $20,405,128 | $21,390,264 | |||||
Property, Plant, and Equipment, Net | 632,389 | ' | ' | ' | 599,641 | ' | ' | ' | 632,389 | 599,641 | ' | |||||
Americas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues From External Customers And Long Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 11,023,076 | [1] | 10,641,903 | [1] | 10,576,106 | [1] | ||
Property, Plant, and Equipment, Net | 526,640 | [2] | ' | ' | ' | 512,775 | [2] | ' | ' | ' | 526,640 | [2] | 512,775 | [2] | ' | |
EMEA [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues From External Customers And Long Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 6,221,569 | 5,927,231 | 6,889,479 | |||||
Property, Plant, and Equipment, Net | 84,383 | ' | ' | ' | 65,947 | ' | ' | ' | 84,383 | 65,947 | ' | |||||
Asia/Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues From External Customers And Long Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 4,112,640 | 3,835,994 | 3,924,679 | |||||
Property, Plant, and Equipment, Net | 21,366 | ' | ' | ' | 20,919 | ' | ' | ' | 21,366 | 20,919 | ' | |||||
UNITED STATES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues From External Customers And Long Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 10,074,361 | 9,746,612 | 9,706,593 | |||||
Property, Plant, and Equipment, Net | $525,080 | ' | ' | ' | $511,555 | ' | ' | ' | $525,080 | $511,555 | ' | |||||
[1] | Sales, by geographic area, for the years ended December 31 are as follows: 2013B 2012B 2011Americas (b)B $11,023,076B $10,641,903B $10,576,106EMEAB 6,221,569B 5,927,231B 6,889,479Asia/PacificB 4,112,640B 3,835,994B 3,924,679ConsolidatedB $21,357,285B $20,405,128B $21,390,264(b)Includes sales related to the United States of $10,074,361, $9,746,612, and $9,706,593 in 2013, 2012, and 2011, respectively. | |||||||||||||||
[2] | Includes net property, plant, and equipment related to the United States of $525,080 and $511,555 at DecemberB 31, 2013 and 2012, respectively. |
Quarterly_Financial_Data_Quart
Quarterly Financial Data Quarterly Financial Information Table (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | $6,153,360 | $5,048,211 | $5,306,085 | $4,849,629 | $5,402,705 | $4,962,331 | $5,150,563 | $4,889,529 | $21,357,285 | $20,405,128 | $21,390,264 | |||||||||||
Gross Profit | 787,625 | 671,660 | 689,572 | 642,072 | 706,844 | 662,719 | 687,144 | 680,579 | ' | ' | ' | |||||||||||
Net income attributable to shareholders | $134,831 | [1] | $96,779 | [2] | $89,935 | [3] | $77,875 | [4] | $174,704 | [5] | $103,617 | [6] | $114,383 | [7] | $113,628 | [8] | $399,420 | $506,332 | $598,810 | |||
Basic | $1.34 | [1],[9] | $0.96 | [2],[9] | $0.87 | [3],[9] | $0.74 | [4],[9] | $1.64 | [5] | $0.96 | [6] | $1.04 | [7] | $1.01 | [8] | $3.89 | $4.64 | $5.25 | |||
Diluted | $1.32 | [1],[9] | $0.95 | [2],[9] | $0.86 | [3],[9] | $0.72 | [4],[9] | $1.62 | [5] | $0.94 | [6] | $1.02 | [7] | $1 | [8] | $3.85 | [10] | $4.56 | [10] | $5.17 | [10] |
[1] | restructuring, integration, and other charges ($13,341 net of related taxes or $.13 per share on both a basic and diluted basis) | |||||||||||||||||||||
[2] | restructuring, integration, and other charges ($16,077 net of related taxes or $.16 per share on both a basic and diluted basis). | |||||||||||||||||||||
[3] | restructuring, integration, and other charges ($20,688 net of related taxes or $.20 per share on both a basic and diluted basis). Also included is an increase in the provision for income taxes ($5,362 net of related taxes or $.05 per share on both a basic and diluted basis) and interest expense ($939 net of related taxes or $.01 per share on both a basic and diluted basis) related to the settlement of certain international tax matters. | |||||||||||||||||||||
[4] | Includes amortization expense related to identifiable intangible assets ($7,116 net of related taxes or $.07 per share on both a basic and diluted basis), restructuring, integration, and other charges ($15,495 net of related taxes or $.15 and $.14 per share on a basic and diluted basis, respectively), and a loss on prepayment of debt ($2,627 net of related taxes or $.02 per share on both a basic and diluted basis). | |||||||||||||||||||||
[5] | restructuring, integration, and other charges ($6,320 net of related taxes or $.06 per share on both a basic and diluted basis), and a gain on the settlement of a legal matter ($48,623 net of related taxes or $.46 and $.45 per share on a basic and diluted basis, respectively). | |||||||||||||||||||||
[6] | Includes amortization expense related to identifiable intangible assets ($7,145 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($8,576 net of related taxes or $.08 per share on both a basic and diluted basis). | |||||||||||||||||||||
[7] | Includes amortization expense related to identifiable intangible assets ($7,360 net of related taxes or $.07 per share on both a basic and diluted basis) and restructuring, integration, and other charges ($9,702 net of related taxes or $.09 per share on both a basic and diluted basis). | |||||||||||||||||||||
[8] | restructuring, integration, and other charges ($6,141 net of related taxes or $.05 per share on both a basic and diluted basis). | |||||||||||||||||||||
[9] | Quarterly net income per share is calculated using the weighted-average shares outstanding during each quarterly period, while net income per share for the full year is calculated using the weighted-average shares outstanding during the year. Therefore, the sum of the net income per share for each of the four quarters may not equal the net income per share for the full year. | |||||||||||||||||||||
[10] | Stock-based compensation awards for the issuance of 874 shares, 1,424 shares, and 1,051 shares for the years ended DecemberB 31, 2013, 2012, and 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive. |
Quarterly_Financial_Data_Narra
Quarterly Financial Data - Narrative (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of Intangible Assets Net of Tax | $8,120 | $7,074 | $7,029 | $7,116 | $7,255 | $7,145 | $7,360 | $7,576 | $29,339 | $29,336 | $27,070 |
Amortization of Intangible Assets Net of Tax Per Share Basic and Diluted | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.29 | $0.27 | $0.24 |
Restructuring, integration, and other charges, net of taxes | 13,341 | 16,077 | 20,688 | 15,495 | 6,320 | 8,576 | 9,702 | 6,141 | 65,601 | 30,739 | 28,054 |
Restructuring Charges Net of Tax Per Share Basic | ' | ' | ' | $0.15 | ' | ' | ' | ' | $0.64 | ' | $0.25 |
Restructuring Charges Net of Tax Per Share Diluted | ' | ' | ' | $0.14 | ' | ' | ' | ' | $0.63 | ' | $0.24 |
Restructuring Charges Net of Tax Per Share Basic and Diluted | $0.13 | $0.16 | $0.20 | ' | $0.06 | $0.08 | $0.09 | $0.05 | ' | $0.28 | ' |
Interest Expense Net of Tax | 297 | ' | 939 | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Expense Net of Tax Per Share Basic and Diluted | ' | ' | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' |
Gains Losses On Extinguishment of Debt Net of Tax | ' | ' | ' | 2,627 | ' | ' | ' | ' | ' | ' | ' |
Extinguishment of Debt Gain Loss Net of Tax Per Share Basic and Diluted | ' | ' | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' |
Settlement of legal matters, net of tax | ' | ' | ' | ' | -48,623 | ' | ' | ' | ' | -48,623 | 3,609 |
Net of Tax, Per Share Related to Litigation Settlement Per Share Basic | ' | ' | ' | ' | $0.46 | ' | ' | ' | ' | $0.45 | ' |
Net of Tax, Per Share Related to Litigation Settlement Per Share Diluted | ' | ' | ' | ' | $0.45 | ' | ' | ' | ' | $0.44 | ' |
Net of Tax, Per Share Related to Litigation Settlement Per Share Basic and Diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.03 |
Increase in the Provision for Income Taxes [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash impact of tax matters | $15,447 | ' | $5,362 | ' | ' | ' | ' | ' | $20,809 | ' | ' |
Tax Adjustments, Settlements, and Unusual Provisions, Per Share Basic and Diluted | $0.15 | ' | $0.05 | ' | ' | ' | ' | ' | $0.20 | ' | ' |
Valuation_and_Qualifying_Accou1
Valuation and Qualifying Accounts (Details) (Allowance for Doubtful Accounts [Member], USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Allowance for Doubtful Accounts [Member] | ' | ' | ' | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' | |||
Allowance for Doubtful Accounts, Balance at beginning of year | $54,238 | $48,125 | $37,998 | |||
Allowance for doubtful accounts, Charged to Income | 9,201 | 12,452 | 12,957 | |||
Allowance for Doubtful Accounts, Other | 8,098 | [1] | 3,262 | [1] | 5,357 | [1] |
Allowance for Doubtful Accounts, Write-down | 7,408 | 9,601 | 8,187 | |||
Allowance for Doubtful Accounts, Balance at end of year | $64,129 | $54,238 | $48,125 | |||
[1] | Represents the allowance for doubtful accounts of the businesses acquired by the company during 2013, 2012, and 2011. |