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v3.25.1

Segment and Geographic Information (Tables) | 3 Months Ended
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Mar. 29, 2025
Segment and Geographic Information |
Schedule of reportable segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | March 29, | ​ | March 30,
(thousands) |  | 2025 |  | 2024
Sales: |  | ​ |  |  | ​ |
Components: |  | ​ |  |  | ​ |
Americas | ​ | $ | 1,568,570 | ​ | $ | 1,596,692
EMEA | ​ |  | 1,340,001 | ​ |  | 1,656,507
Asia/Pacific | ​ |  | 1,869,151 | ​ |  | 1,938,218
Global components | ​ | $ | 4,777,722 | ​ | $ | 5,191,417
​ | ​ | ​ | ​ | ​ | ​ | ​
ECS: | ​ |  |  | ​ |  |
Americas | ​ | $ | 909,903 | ​ | $ | 907,748
EMEA | ​ |  | 1,126,392 | ​ |  | 825,095
Global ECS | ​ | $ | 2,036,295 | ​ | $ | 1,732,843
Consolidated | ​ | $ | 6,814,017 | ​ | $ | 6,924,260
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | March 29, | ​ | March 30,
(thousands) |  | 2025 |  | 2024
Sales: |  | ​ |  |  | ​ |
China and Hong Kong | ​ | $ | 925,892 | ​ | $ | 963,577
Germany | ​ |  | 717,332 | ​ |  | 868,427
Other | ​ |  | 2,859,350 | ​ |  | 2,779,436
Total foreign | ​ | $ | 4,502,574 | ​ | $ | 4,611,440
United States | ​ |  | 2,311,443 | ​ |  | 2,312,820
Total | ​ | $ | 6,814,017 | ​ | $ | 6,924,260
Schedule of results of operations by reportable segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | March 29, 2025
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 4,777,722 | ​ | $ | 2,036,295 | ​ | $ | - | ​ | $ | 6,814,017 | ​
Cost of sales | ​ | ​ | 4,222,777 | ​ | ​ | 1,817,248 | ​ | ​ | - | ​ | ​ | 6,040,025 | ​
Gross profit | ​ | ​ | 554,945 | ​ | ​ | 219,047 | ​ | ​ | - | ​ | ​ | 773,992 | ​
Gross profit margin | ​ | ​ | 11.6 | % | ​ | 10.8 | % | ​ | - | ​ | ​ | 11.4 | %
Operating expenses (a) | ​ | ​ | 383,560 | ​ | ​ | 141,733 | ​ | ​ | 90,146 | ​ | ​ | 615,439 | ​
Operating income (loss) (b) (c) | ​ | $ | 171,385 | ​ | $ | 77,314 | ​ | $ | (90,146) | ​ | $ | 158,553 | ​
Operating income margin | ​ | ​ | 3.6 | % | ​ | 3.8 | % | ​ | - | ​ | ​ | 2.3 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | March 30, 2024
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 5,191,417 | ​ | $ | 1,732,843 | ​ | $ | - | ​ | $ | 6,924,260 | ​
Cost of sales | ​ | ​ | 4,545,703 | ​ | ​ | 1,520,731 | ​ | ​ | - | ​ | ​ | 6,066,434 | ​
Gross profit | ​ | ​ | 645,714 | ​ | ​ | 212,112 | ​ | ​ | - | ​ | ​ | 857,826 | ​
Gross profit margin | ​ | ​ | 12.4 | % | ​ | 12.2 | % | ​ | - | ​ | ​ | 12.4 | %
Operating expenses (a) | ​ | ​ | 420,152 | ​ | ​ | 140,653 | ​ | ​ | 111,104 | ​ | ​ | 671,909 | ​
Operating income (loss) (b) (c) | ​ | $ | 225,562 | ​ | $ | 71,459 | ​ | $ | (111,104) | ​ | $ | 185,917 | ​
Operating income margin | ​ | ​ | 4.3 | % | ​ | 4.1 | % | ​ | - | ​ | ​ | 2.7 | %
(a) | Segment operating expenses primarily include employee-related expenses, depreciation and amortization, and allowance for credit losses.
(b) | Global components operating income includes recoveries of $2.5 million and charges of $10.5 million in inventory write-downs related to the wind down of businesses for the first quarter of 2025 and 2024, respectively.
(c) | Corporate operating loss includes restructuring, integration, and other charges of $17.3 million and $46.9 million for the first quarter of 2025 and 2024, respectively. Restructuring, integration, and other charges of $3.7 million and $42.8 million related to the termination of personnel as a part of operating expense reduction initiatives for the first quarter of 2025 and 2024, respectively. Refer to Note I.
Schedule of reconciliation of assets from segment to consolidated | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, | ​ | December 31,
(thousands) |  | 2025 |  | 2024
Total assets: |  | ​ |  |  | ​ |
Global components | ​ | $ | 15,239,486 | ​ | $ | 14,765,931
Global ECS | ​ |  | 5,620,959 | ​ |  | 6,518,723
Corporate | ​ |  | 540,397 | ​ |  | 473,053
Consolidated | ​ | $ | 21,400,842 | ​ | $ | 21,757,707
Schedule of long-lived assets by geographical areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, | ​ | December 31,
(thousands) |  | 2025 |  | 2024
Long-lived assets: |  | ​ |  |  | ​ |
France | ​ | $ | 90,327 | ​ | $ | 86,268
Netherlands | ​ | ​ | 79,273 | ​ | ​ | 78,120
Other | ​ |  | 229,524 | ​ |  | 223,903
Total foreign | ​ | $ | 399,124 | ​ | $ | 388,291
United States | ​ |  | 325,028 | ​ |  | 332,098
Total | ​ | $ | 724,152 | ​ | $ | 720,389
​

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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