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Restructuring, Integration, and Other Charges | 9 Months Ended
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Sep. 29, 2012
Restructuring Charges [Abstract] |
Restructuring, Integration and Other Charges [Text Block] | Restructuring, Integration, and Other Charges During the third quarters of 2012 and 2011, the company recorded restructuring, integration, and other charges of $14,562 ($8,576 net of related taxes or $.08 per share on both a basic and diluted basis) and $8,848 ($6,048 net of related taxes or $.05 per share on both a basic and diluted basis), respectively. During the first nine months of 2012 and 2011, the company recorded restructuring, integration, and other charges of $36,152 ($24,419 net of related taxes or $.22 per share on both a basic and diluted basis) and $23,676 ($16,831 net of related taxes or $.15 and $.14 per share on a basic and diluted basis, respectively), respectively. The following table presents the components of the restructuring, integration, and other charges:
|  | Quarter Ended |  | Nine Months Ended
|  | September 29, 2012 |  | October 1, 2011 |  | September 29, 2012 |  | October 1, 2011
Restructuring charges - current period actions |  | $ | 15,151 |  |  | $ | 6,065 |  |  | $ | 29,998 |  |  | $ | 14,697 |
Restructuring and integration charges (credits) - actions taken in prior periods |  | 655 |  |  | 12 |  |  | 1,082 |  |  | (1,354 | )
Acquisition-related expenses (credits) |  | (1,244 | ) |  | 2,771 |  |  | 5,072 |  |  | 10,333 |
|  | $ | 14,562 |  |  | $ | 8,848 |  |  | $ | 36,152 |  |  | $ | 23,676 |
2012 Restructuring Charge The following table presents the components of the 2012 restructuring charge of $29,998 and activity in the related restructuring accrual for the first nine months of 2012:
|  | Personnel Costs |  | Facilities |  | Asset Write-down |  | Total
Restructuring charge |  | $ | 22,450 |  |  | $ | 2,981 |  |  | $ | 4,567 |  |  | $ | 29,998 |
Payments |  | (11,630 | ) |  | (360 | ) |  | — |  |  | (11,990 | )
Non-cash usage |  | — |  |  | — |  |  | (4,567 | ) |  | (4,567 | )
Foreign currency translation |  | 5 |  |  | 13 |  |  | — |  |  | 18 |
Balance as of September 29, 2012 |  | $ | 10,825 |  |  | $ | 2,634 |  |  | $ | — |  |  | $ | 13,459 |
The restructuring charge of $29,998 for the first nine months of 2012 primarily includes personnel costs of $22,450, facilities costs of $2,981, and asset write-downs of $4,567. The personnel costs are related to the elimination of approximately 440 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 nine 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 causes 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 activity in the restructuring accrual for the first nine months of 2012 related to the 2011 restructuring:
|  | Personnel Costs |  | Facilities |  | Total
Balance as of December 31, 2011 |  | $ | 5,517 |  |  | $ | 3,190 |  |  | $ | 8,707 |
Restructuring charge |  | 2,542 |  |  | 104 |  |  | 2,646 |
Payments |  | (6,540 | ) |  | (1,438 | ) |  | (7,978 | )
Foreign currency translation |  | (21 | ) |  | 6 |  |  | (15 | )
Balance as of September 29, 2012 |  | $ | 1,498 |  |  | $ | 1,862 |  |  | $ | 3,360 |
Restructuring and Integration Accruals Related to Actions Taken Prior to 2011 The following table presents the activity in the restructuring and integration accruals for the first nine months of 2012 related to restructuring and integration actions taken prior to 2011:
|  | Personnel Costs |  | Facilities |  | Other |  | Total
Balance as of December 31, 2011 |  | $ | 511 |  |  | $ | 3,882 |  |  | $ | 1,309 |  |  | $ | 5,702 |
Restructuring and integration credits |  | (123 | ) |  | (132 | ) |  | (1,309 | ) |  | (1,564 | )
Payments |  | (60 | ) |  | (1,102 | ) |  | — |  |  | (1,162 | )
Foreign currency translation |  | (5 | ) |  | 34 |  |  | — |  |  | 29 |
Balance as of September 29, 2012 |  | $ | 323 |  |  | $ | 2,682 |  |  | $ | — |  |  | $ | 3,005 |
Restructuring and Integration Accrual Summary In summary, the restructuring and integration accruals aggregate $19,824 at September 29, 2012, all of which are expected to be spent in cash, and are expected to be utilized as follows:
• | The accruals for personnel costs totaling $12,646 to cover the termination of personnel are primarily expected to be spent within one year.
• | The accruals for facilities totaling $7,178 relate to vacated leased properties that have scheduled payments of $1,634 in 2012, $2,714 in 2013, $1,894 in 2014, $477 in 2015, $289 in 2016, and $170 thereafter.
Acquisition-Related Expenses Included in restructuring, integration, and other charges for the third quarter and first nine months of 2012 are acquisition-related credits of $1,244 and expenses of $5,072, respectively. Acquisition-related expenses (credits) primarily consist of professional fees directly related to recent acquisition activity, net of adjustments for contingent consideration of $(5,091) and $(4,325) for the third quarter and first nine months of 2012, respectively. Included in restructuring, integration, and other charges for the third quarter and first nine months of 2011 are acquisition-related expenses of $2,771 and $10,333, respectively, primarily consisting of professional fees directly related to recent acquisition activity.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
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