Investments in Affiliated Companies

3 Months Ended

Apr. 04, 2026

Investments in Affiliated Companies

Investments in Affiliated Companies

Note D – 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:

	April 4,		December 31,
(thousands)	2026		2025
Marubun/Arrow	$	44,352	$	43,870
Other		14,874		15,445
	$	59,226	$	59,315

The equity in earnings of affiliated companies consists of the following:

	Quarter Ended
	April 4,		March 29,
(thousands)	2026		2025
Marubun/Arrow	$	783	$	908
Other		113		412
	$	896	$	1,320

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 4, 2026 and December 31, 2025.