XML 25 R10.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net | Goodwill and Intangible Assets 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 2016, 2015, and 2014, the company's annual impairment testing did not result in any indicators of impairment of goodwill of companies acquired. Goodwill of companies acquired, allocated to the company's business segments, is as follows:
|  | Global Components |  | Global ECS |  | Total
Balance as of December 31, 2014 (a) |  | $ | 1,051,783 |  |  | $ | 1,017,426 |  |  | $ | 2,069,209 |
Acquisitions |  | 187,977 |  |  | 174,074 |  |  | 362,051 |
Foreign currency translation adjustment |  | (8,928 | ) |  | (53,500 | ) |  | (62,428 | )
Balance as of December 31, 2015 (a) |  | 1,230,832 |  |  | 1,138,000 |  |  | 2,368,832 |
Acquisitions |  | 20,724 |  |  | 36,430 |  |  | 57,154 |
Foreign currency translation adjustment |  | (11,815 | ) |  | (21,951 | ) |  | (33,766 | )
Balance as of December 31, 2016 (a) |  | $ | 1,239,741 |  |  | $ | 1,152,479 |  |  | $ | 2,392,220 |
(a) | The total carrying value of goodwill 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, 2016:
| Weighted-Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trade names | indefinite |  | $ | 101,000 |  |  | $ | — |  |  | $ | 101,000 |
Customer relationships | 10 years |  | 476,176 |  |  | (247,206 | ) |  | 228,970 |
Developed technology | 5 years |  | 9,140 |  |  | (4,435 | ) |  | 4,705 |
Other intangible assets | (b) |  | 6,721 |  |  | (4,514 | ) |  | 2,207 |
|  |  | $ | 593,037 |  |  | $ | (256,155 | ) |  | $ | 336,882 |
(b) | Consists of non-competition agreements, sales backlog, and an amortizable trade name with useful lives ranging from two to five years.
Intangible assets, net, are comprised of the following as of December 31, 2015:
| Weighted-Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trade names | indefinite |  | $ | 101,000 |  |  | $ | — |  |  | $ | 101,000 |
Customer relationships | 10 years |  | 498,319 |  |  | (215,263 | ) |  | 283,056 |
Developed technology | 5 years |  | 13,154 |  |  | (7,894 | ) |  | 5,260 |
Other intangible assets | (c) |  | 917 |  |  | (907 | ) |  | 10 |
|  |  | $ | 613,390 |  |  | $ | (224,064 | ) |  | $ | 389,326 |
(c) | Consists of non-competition agreements with useful lives ranging from two to three years.
The gross carrying value of trade names in the table above is reflected net of a $78,000 non-cash impairment charge recorded during the fourth quarter of 2014. In connection with the company's global re-branding initiative to brand certain of its businesses under the Arrow name, the company made the decision to discontinue the use of a trade name of one of its businesses within the global ECS business segment. As no future cash flows will be attributed to the impacted trade name, the entire book value was written-off, resulting in the non-cash impairment charge of $78,000 as of December 31, 2014 in the company's consolidated statements of operations. Fair value was determined using unobservable (Level 3) inputs. The impairment charge did not impact the company’s consolidated cash flows, liquidity, capital resources, and covenants under its existing revolving credit facility, asset securitization program, and other outstanding borrowings. No impairment existed as of December 31, 2014 with respect to the company's other identifiable intangible assets. Amortization expense related to identifiable intangible assets was $54,886, $51,036, and $44,063 for the years ended December 31, 2016, 2015, and 2014, respectively. Amortization expense for each of the years 2017 through 2021 is estimated to be approximately $49,386, $43,245, $36,929, $29,973, and $21,724, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration