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Restructuring, Integration, and Other Charges
 3 Months Ended
Mar. 31, 2012
Restructuring Charges [Abstract]  
Restructuring, Integration and Other Charges [Text Block]
Restructuring, Integration, and Other Charges

During the first quarters of 2012 and 2011, the company recorded restructuring, integration, and other charges of $8,243 ($6,141 net of related taxes or $.05 per share on both a basic and diluted basis) and $9,607 ($7,199 net of related taxes or $.06 per share on both a basic and diluted basis), respectively.

The following table presents the components of the restructuring, integration, and other charges:

 
 
Quarter Ended
 
 
March 31,
2012
 
April 2,
2011
Restructuring charges - current period actions
 
$
5,417

 
$
4,355

Restructuring and integration charges (credits) - actions taken in prior periods
 
487

 
(79
)
Acquisition-related expenses
 
2,339

 
5,331

 
 
$
8,243

 
$
9,607



2012 Restructuring Charge

The following table presents the components of the 2012 restructuring charge of $5,417 and activity in the related restructuring accrual for the first quarter of 2012:

 
 
Personnel
Costs
 
Facilities
 
Other
 
Total
Restructuring charge
 
$
4,608

 
$
103

 
$
706

 
$
5,417

Payments
 
(2,026
)
 
(10
)
 
—

 
(2,036
)
Non-cash usage
 
—

 
—

 
(706
)
 
(706
)
Foreign currency translation
 
14

 
—

 
—

 
14

Balance as of March 31, 2012
 
$
2,596

 
$
93

 
$
—

 
$
2,689


 

The restructuring charge of $5,417 for the first quarter of 2012 primarily includes personnel costs of $4,608, facilities costs of $103, and other charges of $706.  The personnel costs are related to the elimination of approximately 95 positions within the global components business segment and approximately 35 positions within the global ECS business segment. The facilities costs are related to exit activities for a vacated facility in the Americas due to the company's continued efforts to streamline its operations and reduce real estate costs. These initiatives are due to the company's continued efforts to lower cost and drive operational efficiency.

2011 Restructuring Charge

The following table presents the activity in the restructuring accrual for the first quarter of 2012 related to the 2011 restructuring:

 
 
Personnel 
Costs
 
Facilities
 
Total
December 31, 2011
 
$
5,517

 
$
3,190

 
$
8,707

Restructuring charge
 
1,651

 
190

 
1,841

Payments
 
(3,112
)
 
(745
)
 
(3,857
)
Foreign currency translation
 
104

 
8

 
112

Balance as of March 31, 2012
 
$
4,160

 
$
2,643

 
$
6,803


Restructuring and Integration Accruals Related to Actions Taken Prior to 2011

The following table presents the activity in the restructuring and integration accruals for the first quarter of 2012 related to restructuring and integration actions taken prior to 2011:

 
 
Personnel
Costs
 
Facilities
 
Other
 
Total
December 31, 2011
 
$
511

 
$
3,882

 
$
1,309

 
$
5,702

Restructuring and integration charges (credits)
 
(85
)
 
40

 
(1,309
)
 
(1,354
)
Payments
 
(55
)
 
(450
)
 
—

 
(505
)
Foreign currency translation
 
11

 
68

 
—

 
79

Balance as of March 31, 2012
 
$
382

 
$
3,540

 
$
—

 
$
3,922



Restructuring and Integration Accrual Summary

In summary, the restructuring and integration accruals aggregate $13,414 at March 31, 2012, all of which is expected to be spent in cash, and are expected to be utilized as follows:

•
The accruals for personnel costs of $7,138 to cover the termination of personnel are primarily expected to be spent within one year. 

•
The accruals for facilities totaling $6,276 relate to vacated leased properties that have scheduled payments of $3,354 in 2012, $1,452 in 2013, $637 in 2014, $366 in 2015, $284 in 2016, and $183 thereafter.

Acquisition-Related Expenses

Included in restructuring, integration, and other charges are acquisition-related expenses of $2,339 and $5,331 for the first quarters of 2012 and 2011, respectively, primarily consisting of professional fees directly related to recent acquisition activity.