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Restructuring, Integration, and Other Charges | 6 Months Ended
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Jun. 29, 2013
Restructuring Charges [Abstract] |
Restructuring, Integration and Other Charges [Text Block] | Restructuring, Integration, and Other Charges During the second quarters of 2013 and 2012, the company recorded restructuring, integration, and other charges of $30,224 ($20,688 net of related taxes or $.20 per share on both a basic and diluted basis) and $13,347 ($9,702 net of related taxes or $.09 per share on both a basic and diluted basis), respectively. During the first six months of 2013 and 2012, the company recorded restructuring, integration, and other charges of $51,834 ($36,183 net of related taxes or $.35 and $.34 per share on a basic and diluted basis, respectively) and $21,590 ($15,843 net of related taxes or $.14 per share on both a basic and diluted basis), respectively. The following table presents the components of the restructuring, integration, and other charges:
|  | Quarter Ended |  | Six Months Ended
|  | June 29, 2013 |  | June 30, 2012 |  | June 29, 2013 |  | June 30, 2012
Restructuring charges - current period actions |  | $ | 27,305 |  |  | $ | 9,430 |  |  | $ | 45,864 |  |  | $ | 14,847 |
Restructuring and integration charges (credits) - actions taken in prior periods |  | 711 |  |  | (60 | ) |  | 921 |  |  | 427 |
Acquisition-related expenses |  | 2,208 |  |  | 3,977 |  |  | 5,049 |  |  | 6,316 |
|  | $ | 30,224 |  |  | $ | 13,347 |  |  | $ | 51,834 |  |  | $ | 21,590 |
2013 Restructuring Charge The following table presents the components of the 2013 restructuring charge of $45,864 and activity in the related restructuring accrual for the first six months of 2013:
|  | Personnel Costs |  | Facilities |  | Other |  | Total
Restructuring charge |  | $ | 40,670 |  |  | $ | 4,496 |  |  | $ | 698 |  |  | $ | 45,864 |
Payments |  | (17,756 | ) |  | (1,667 | ) |  | — |  |  | (19,423 | )
Non-cash usage |  | — |  |  | — |  |  | (698 | ) |  | (698 | )
Foreign currency translation |  | 67 |  |  | (13 | ) |  | — |  |  | 54 |
Balance as of June 29, 2013 |  | $ | 22,981 |  |  | $ | 2,816 |  |  | $ | — |  |  | $ | 25,797 |
The restructuring charge of $45,864 for the first six months of 2013 includes personnel costs of $40,670, facilities costs of $4,496, and other costs of $698. The personnel costs are related to the elimination of approximately 590 positions within the global components business segment and approximately 180 positions within the global ECS business segment. The facilities costs are related to exit activities for 26 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 activity in the restructuring accrual for the first six months of 2013 related to the 2012 restructuring:
|  | Personnel Costs |  | Facilities |  | Total
Balance as of December 31, 2012 |  | $ | 10,501 |  |  | $ | 4,442 |  |  | $ | 14,943 |
Restructuring charge (credit) |  | 760 |  |  | (495 | ) |  | 265 |
Payments |  | (8,757 | ) |  | (1,151 | ) |  | (9,908 | )
Foreign currency translation |  | (64 | ) |  | (139 | ) |  | (203 | )
Balance as of June 29, 2013 |  | $ | 2,440 |  |  | $ | 2,657 |  |  | $ | 5,097 |
Restructuring Accruals Related to Actions Taken Prior to 2012 The following table presents the activity in the restructuring accruals for the first six months of 2013 related to restructuring actions taken prior to 2012:
|  | Personnel Costs |  | Facilities |  | Total
Balance as of December 31, 2012 |  | $ | 1,408 |  |  | $ | 3,863 |  |  | $ | 5,271 |
Restructuring charges (credits) |  | (139 | ) |  | 795 |  |  | 656 |
Payments |  | (294 | ) |  | (1,226 | ) |  | (1,520 | )
Foreign currency translation |  | 10 |  |  | (77 | ) |  | (67 | )
Balance as of June 29, 2013 |  | $ | 985 |  |  | $ | 3,355 |  |  | $ | 4,340 |
Restructuring Accrual Summary In summary, the restructuring accruals aggregate $35,234 at June 29, 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 $26,406 to cover the termination of personnel are primarily expected to be spent within one year.
• | The accruals for facilities totaling $8,828 relate to vacated leased properties that have scheduled payments of $5,175 in 2013, $1,988 in 2014, $922 in 2015, $487 in 2016, $249 in 2017, and $7 thereafter.
Acquisition-Related Expenses Included in restructuring, integration, and other charges for the second quarter and first six months of 2013 are acquisition-related expenses of $2,208 and $5,049, respectively, primarily consisting of 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 the second quarter and first six months of 2012 are acquisition-related expenses of $3,977 and $6,316, respectively, primarily consisting of 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.

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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 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 2: 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 3: 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 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 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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