Investments in Affiliated Companies

3 Months Ended

Mar. 30, 2024

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:

	March 30,		December 31,
(thousands)	2024		2023
Marubun/Arrow	$	46,810	$	50,779
Other		12,058		11,962
	$	58,868	$	62,741

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

	Quarter Ended
	March 30,		April 1,
(thousands)	2024		2023
Marubun/Arrow	$	(534)	$	(397)
Other		190		317
	$	(344)	$	(80)

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 March 30, 2024, and December 31, 2023.