Share Repurchases

3 Months Ended

Mar. 31, 2012

Share Repurchases [Abstract]

Share Repurchases

Note 2 — Share Repurchases

In October 2010, our Board of Directors authorized a new three-year, $400,000 share repurchase program, of which $174,095 is remaining for repurchase at March 31, 2012. Under the program, we may repurchase shares in the open market and through privately negotiated transactions. Our repurchases are funded with available borrowing capacity and cash. The timing and amount of specific repurchase transactions will depend upon market conditions, corporate considerations and applicable legal and regulatory requirements. We account for repurchased shares of common stock as treasury stock. Treasury shares are recorded at cost and are included as a component of stockholders’ equity in our consolidated balance sheet. We have also issued shares of common stock out of our cumulative balance of treasury shares. Such shares are issued to certain of our associates upon the exercise of their options or vesting of their equity awards under the Ingram Micro Inc. 2011 Equity Incentive Plan (see Note 4). Our stock repurchase and issuance activity for the thirteen weeks ended March 31, 2012 and April 2, 2011 is summarized in the table below:

	Shares			Weighted Average Price Per Share		Amount
Cumulative balance at December 31, 2011		35,643		$	16.96	$	604,331
Issuance of Class A Common Stock		(293	)		18.45		(5,397	)
Cumulative balance at March 31, 2012		35,350			16.94	$	598,934
Cumulative balance at January 1, 2011		23,713		$	16.40	$	388,817
Repurchase of Class A Common Stock		46			19.49		906
Issuance of Class A Common Stock		(479	)		19.01		(9,121	)
Cumulative balance at April 2, 2011		23,280			16.35	$	380,602