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Cost in Excess of Net Assets of Companies Acquired | 9 Months Ended
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Oct. 01, 2011
Goodwill and Intangible Assets Disclosure [Abstract] |
Cost in Excess of Net Assets of Companies Acquired [Text Block] | Cost in Excess of Net Assets of Companies Acquired Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows:
|  | Global Components |  | Global ECS |  | Total
December 31, 2010 |  | $ | 670,871 |  |  | $ | 665,480 |  |  | $ | 1,336,351 |
Acquisitions |  | 84,893 |  |  | 50,685 |  |  | 135,578 |
Other (primarily foreign currency translation) |  | (1,407 | ) |  | 78 |  |  | (1,329 | )
October 1, 2011 |  | $ | 754,357 |  |  | $ | 716,243 |  |  | $ | 1,470,600 |
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, or more frequently if indicators of potential impairment exist. During the third quarter of 2011, due to a temporary decline in the company's market capitalization below the company's carrying value of its net assets, the company performed an interim impairment test of goodwill. The first step of the impairment test requires the identification of the company's reporting units and comparison of the fair values of each of these reporting units to their respective carrying values. Based upon the results of this step-one analysis, no indicators of impairment existed as the fair values of each of the company's reporting units were higher than their carrying values and, therefore, a step-two analysis was not required. For purposes of this analysis, the company estimated the fair value for each reporting unit utilizing a discounted cash flow methodology. The assumptions included in the discounted cash flow methodology included 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. Subsequently, the company's market capitalization recovered such that it was in excess of the carrying value of its net assets. During the third quarter of 2011, the company also tested indefinite-lived intangible assets for impairment by comparing the fair value of these assets to their respective carrying values. Based upon the results of such tests, the company's indefinite-lived intangible assets were not impaired.

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- Definition The entire disclosure for goodwill. + Details
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