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Restructuring, Integration, and Other Charges | 6 Months Ended
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Jun. 28, 2014
Restructuring Charges [Abstract] |
Restructuring, Integration and Other Charges [Text Block] | Restructuring, Integration, and Other Charges During the second quarters of 2014 and 2013, the company recorded restructuring, integration, and other charges of $9,632 ($7,526 net of related taxes or $.08 and $.07 per share on a basic and diluted basis, respectively) and $30,224 ($20,688 net of related taxes or $.20 per share on both a basic and diluted basis), respectively. During the first six months of 2014 and 2013, the company recorded restructuring, integration, and other charges of $21,246 ($15,546 net of related taxes or $.16 and $.15 per share on a basic and diluted basis, respectively) and $51,834 ($36,183 net of related taxes or $.35 and $.34 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 |  | Six Months Ended
|  | June 28, 2014 |  | June 29, 2013 |  | June 28, 2014 |  | June 29, 2013
Restructuring and integration charge - current period actions |  | $ | 10,993 |  |  | $ | 27,305 |  |  | $ | 21,406 |  |  | $ | 45,864 |
Restructuring and integration charges (credits) - actions taken in prior periods |  | (513 | ) |  | 711 |  |  | (351 | ) |  | 921 |
Acquisition-related expenses (credits) |  | (848 | ) |  | 2,208 |  |  | 191 |  |  | 5,049 |
|  | $ | 9,632 |  |  | $ | 30,224 |  |  | $ | 21,246 |  |  | $ | 51,834 |
2014 Restructuring and Integration Charge The following table presents the components of the 2014 restructuring and integration charge of $21,406 and activity in the related restructuring and integration accrual for the first six months of 2014:
|  | Personnel Costs |  | Facilities Costs |  | Other |  | Total
Restructuring and integration charge |  | $ | 18,254 |  |  | $ | 1,971 |  |  | $ | 1,181 |  |  | $ | 21,406 |
Payments |  | (11,288 | ) |  | (1,032 | ) |  | (443 | ) |  | (12,763 | )
Non-cash usage |  | — |  |  | — |  |  | (729 | ) |  | (729 | )
Foreign currency translation |  | (48 | ) |  | (1 | ) |  | — |  |  | (49 | )
Balance as of June 28, 2014 |  | $ | 6,918 |  |  | $ | 938 |  |  | $ | 9 |  |  | $ | 7,865 |
The restructuring and integration charge of $21,406 for the first six months of 2014 includes personnel costs of $18,254, facilities costs of $1,971, and other costs of $1,181. The personnel costs are related to the elimination of approximately 150 positions within the global ECS business segment and approximately 140 positions within the global components business segment. The facilities costs are related to exit activities for nine 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. Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations. 2013 Restructuring and Integration Charge The following table presents the activity in the restructuring and integration accrual for the first six months of 2014 related to the 2013 restructuring and integration:
|  | Personnel Costs |  | Facilities Costs |  | Other |  | Total
Balance as of December 31, 2013 |  | $ | 25,721 |  |  | $ | 5,808 |  |  | $ | 208 |  |  | $ | 31,737 |
Restructuring and integration charge (credit) |  | (740 | ) |  | 461 |  |  | — |  |  | (279 | )
Payments |  | (20,227 | ) |  | (3,328 | ) |  | (90 | ) |  | (23,645 | )
Foreign currency translation |  | (188 | ) |  | (9 | ) |  | (2 | ) |  | (199 | )
Balance as of June 28, 2014 |  | $ | 4,566 |  |  | $ | 2,932 |  |  | $ | 116 |  |  | $ | 7,614 |
Restructuring and Integration Accruals Related to Actions Taken Prior to 2013 The following table presents the activity in the restructuring and integration accruals for the first six months of 2014 related to restructuring and integration actions taken prior to 2013:
|  | Personnel Costs |  | Facilities Costs |  | Total
Balance as of December 31, 2013 |  | $ | 1,822 |  |  | $ | 2,592 |  |  | $ | 4,414 |
Restructuring and integration charges (credits) |  | 18 |  |  | (90 | ) |  | (72 | )
Payments |  | (794 | ) |  | (1,355 | ) |  | (2,149 | )
Foreign currency translation |  | (18 | ) |  | 25 |  |  | 7 |
Balance as of June 28, 2014 |  | $ | 1,028 |  |  | $ | 1,172 |  |  | $ | 2,200 |
Restructuring and Integration Accrual Summary In summary, the restructuring and integration accruals aggregate $17,679 at June 28, 2014, all of which are expected to be spent in cash, and are expected to be utilized as follows:
• | The accruals for personnel costs totaling $12,512 to cover the termination of personnel are primarily expected to be spent within one year.
• | The accruals for facilities totaling $5,042 relate to vacated leased properties that have scheduled payments of $2,655 in 2014, $1,528 in 2015, $537 in 2016, $133 in 2017, and $189 in 2018.
• | Other accruals of $125 is expected to be spent within one year.
Acquisition-Related Expenses Included in restructuring, integration, and other charges for the second quarter and first six months of 2014 are acquisition-related expenses (credits) of $(848) and $191, respectively, primarily consisting of professional fees directly related to recent acquisition activity, offset by an insurance recovery related to environmental matters in connection with the Wyle Electronics ("Wyle") acquisition. 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 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.

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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 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: 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=27011515&loc=d3e140904-122747 Reference 4: 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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