XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Restructuring, Integration, and Other Charges | 6 Months Ended
--- | ---
Jul. 01, 2017
Restructuring Charges [Abstract] |
Restructuring, Integration and Other Charges [Text Block] | Restructuring, Integration, and Other Charges The following table presents the components of the restructuring, integration, and other charges:
|  | Quarter Ended |  | Six Months Ended
|  | July 1, 2017 |  | July 2, 2016 |  | July 1, 2017 |  | July 2, 2016
Restructuring and integration charges - current period actions |  | $ | 14,263 |  |  | $ | 7,652 |  |  | $ | 22,246 |  |  | $ | 10,103 |
Restructuring and integration charges - actions taken in prior periods |  | 3,996 |  |  | 1,838 |  |  | 6,098 |  |  | 3,961 |
Other charges |  | 6,157 |  |  | 6,616 |  |  | 11,577 |  |  | 22,830 |
|  | $ | 24,416 |  |  | $ | 16,106 |  |  | $ | 39,921 |  |  | $ | 36,894 |
2017 Restructuring and Integration Charges The following table presents the components of the 2017 restructuring and integration charges and activity in the related restructuring and integration accrual for the first six months of 2017:
|  | Personnel Costs |  | Facilities Costs |  | Other |  | Total
Restructuring and integration charges |  | $ | 18,655 |  |  | $ | 2,959 |  |  | $ | 632 |  |  | $ | 22,246 |
Payments |  | (6,613 | ) |  | (2,259 | ) |  | (318 | ) |  | (9,190 | )
Foreign currency translation |  | 654 |  |  | 76 |  |  | — |  |  | 730 |
Balance as of July 1, 2017 |  | $ | 12,696 |  |  | $ | 776 |  |  | $ | 314 |  |  | $ | 13,786 |
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. 2016 Restructuring and Integration Charges The following table presents the activity in the restructuring and integration accrual for the first six months of 2017 related to restructuring and integration actions taken in 2016:
|  | Personnel Costs |  | Facilities Costs |  | Other |  | Total
Balance as of December 31, 2016 |  | $ | 11,694 |  |  | $ | 3,793 |  |  | $ | 316 |  |  | $ | 15,803 |
Restructuring and integration charges (credits) |  | 5,511 |  |  | (45 | ) |  | (4 | ) |  | 5,462 |
Payments |  | (9,129 | ) |  | (3,682 | ) |  | (122 | ) |  | (12,933 | )
Foreign currency translation |  | 289 |  |  | 157 |  |  | 20 |  |  | 466 |
Balance as of July 1, 2017 |  | $ | 8,365 |  |  | $ | 223 |  |  | $ | 210 |  |  | $ | 8,798 |
Restructuring and Integration Accruals Related to Actions Taken Prior to 2016 Included in restructuring, integration, and other charges for the first six months of 2017 are restructuring and integration charges of $636 related to restructuring and integration actions taken prior to 2016. The restructuring and integration charge (credits) includes adjustments to personnel costs of $991, facilities costs of $(336), and other costs of $(19). The restructuring and integration accruals at July 1, 2017 related to actions taken prior to 2016 of $4,420 include accruals for personnel costs of $3,042, accruals for facilities costs of $1,249, and accruals for other costs of $129. Restructuring and Integration Accrual Summary The restructuring and integration accruals aggregate to $27,004 at July 1, 2017, all of which are expected to be spent in cash, and are expected to be utilized as follows:
• | The accruals for personnel costs totaling $24,103 relate to the termination of personnel that have scheduled payouts of $21,152 in 2017, $800 in 2018, $1,544 in 2019, $583 in 2020, and $24 in 2021.
• | The accruals for facilities totaling $2,248 relate to vacated leased properties that have scheduled payments of $468 in 2017, $547 in 2018, $261 in 2019, $467 in 2020, $221 in 2021, and $284 thereafter.
• | Other accruals of $653 are expected to be spent within one year.
Other Charges Included in restructuring, integration, and other charges for the second quarter and first six months of 2017 are other expenses of $6,157 and $11,577, respectively. The charges for the second quarter and first six months of 2017 of $1,324 and $4,003, respectively, 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 and other fees directly related to recent acquisition activity. Included in restructuring, integration, and other charges for the second quarter and first six months of 2016 are other expenses of $6,616 and $22,830, respectively. Included in these other charges for the first six months of 2016 are expenses related to a fraud loss that the company recorded, net of insurance recoveries, of $3,942. During the second quarter of 2016, the company recorded a credit of $9,253, which included insurance recoveries and incremental expenses related to the fraud loss. The charges for the second quarter and first six months of 2016 of $3,334 and $4,956, respectively, 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 and other fees directly related to recent acquisition activity. During 2016, the company adopted an amendment to its Wyle defined benefit plan and incurred a settlement expense of $12,211 during the second quarter of 2016. In January 2016, the company determined that it was the target of criminal fraud by persons impersonating a company executive, which resulted in unauthorized transfers of cash from a company account in Europe to outside bank accounts in Asia. Legal actions by the company and law enforcement are ongoing. The information gathered by the company indicates that this was an isolated event not associated with a security breach or loss of data. Additionally, no officers or employees of the company were involved in the fraud.

X
- 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=27011515&loc=d3e140904-122747 Reference 2: 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 3: 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
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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