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Investments in Affiliated Companies | 3 Months Ended
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Apr. 01, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Affiliated Companies | Investments in Affiliated Companies The company owns a 50% interest in two joint ventures with Marubun Corporation (collectively "Marubun/Arrow") and a 50% interest in one other joint venture. These investments are accounted for using the equity method. The following table presents the company’s investment in affiliated companies:
(thousands) | April 1, 2023 |  | December 31, 2022
Marubun/Arrow | $ | 48,810 |  |  | $ | 54,292 |
Other | 10,872 |  |  | 10,820 |
| $ | 59,682 |  |  | $ | 65,112 |
The equity in earnings (losses) of affiliated companies consists of the following:
| Quarter Ended |  |
(thousands) | April 1, 2023 |  | April 2, 2022 |  |  |  |
Marubun/Arrow | $ | (397) |  |  | $ | 794 |  |  |  |  |
Other | 317 |  |  | 49 |  |  |  |  |
| $ | (80) |  |  | $ | 843 |  |  |  |  |
Under the terms of various joint venture agreements, the company is required to pay its pro-rata share of the third-party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations. There were no outstanding borrowings under the third-party debt agreements of the joint ventures as of April 1, 2023 and December 31, 2022.

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- References No definition available. + Details
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI https://asc.fasb.org/topic&trid=2196965 + Details
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