Restructuring, Integration, and Other Charges

During the third quarters of 2014 and 2013, the company recorded restructuring, integration, and other charges of $3,935 ($2,556 net of related taxes or $.03 per share on both a basic and diluted basis) and $22,568 ($16,077 net of related taxes or $.16 per share on both a basic and diluted basis), respectively.

During the first nine months of 2014 and 2013, the company recorded restructuring, integration, and other charges of $25,181 ($18,102 net of related taxes or $.18 per share on both a basic and diluted basis) and $74,402 ($52,260 net of related taxes or $.51 and $.50 per share on a basic and diluted basis, respectively), respectively.

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



	Quarter Ended					Nine Months Ended
	September 27, 2014			September 28, 2013		September 27, 2014			September 28, 2013
Restructuring and integration charge - current period actions	$	4,965		$	20,007	$	26,371		$	65,871
Restructuring and integration charges (credits) - actions taken in prior periods	305			34		(46		)	955
Acquisition-related expenses (credits)	(1,335		)	2,527		(1,144		)	7,576
	$	3,935		$	22,568	$	25,181		$	74,402

2014 Restructuring and Integration Charge

The following table presents the components of the 2014 restructuring and integration charge of $26,371 and activity in the related restructuring and integration accrual for the first nine months of 2014:



	Personnel Costs			Facilities Costs			Other			Total
Restructuring and integration charge	$	20,722		$	3,957		$	1,692		$	26,371
Payments	(16,111		)	(1,698		)	(963		)	(18,772		)
Non-cash usage	—			—			(729		)	(729		)
Foreign currency translation	(277		)	(33		)	—			(310		)
Balance as of September 27, 2014	$	4,334		$	2,226		$	—		$	6,560

The restructuring and integration charge of $26,371 for the first nine months of 2014 includes personnel costs of $20,722, facilities costs of $3,957, and other costs of $1,692. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations.

2013 Restructuring and Integration Charge

The following table presents the activity in the restructuring and integration accrual for the first nine months of 2014 related to the 2013 restructuring and integration:



	Personnel Costs			Facilities Costs			Other			Total
Balance as of December 31, 2013	$	25,721		$	5,808		$	208		$	31,737
Restructuring and integration charge (credit)	(998		)	1,128			—			130
Payments	(21,850		)	(4,516		)	(97		)	(26,463		)
Foreign currency translation	(323		)	(47		)	(4		)	(374		)
Balance as of September 27, 2014	$	2,550		$	2,373		$	107		$	5,030

Restructuring and Integration Accruals Related to Actions Taken Prior to 2013

The following table presents the activity in the restructuring and integration accruals for the first nine months of 2014 related to restructuring and integration actions taken prior to 2013:



	Personnel Costs			Facilities Costs			Total
Balance as of December 31, 2013	$	1,822		$	2,592		$	4,414
Restructuring and integration credits	(160		)	(16		)	(176		)
Payments	(999		)	(1,669		)	(2,668		)
Foreign currency translation	(80		)	38			(42		)
Balance as of September 27, 2014	$	583		$	945		$	1,528

Restructuring and Integration Accrual Summary

In summary, the restructuring and integration accruals aggregate $13,118 at September 27, 2014, all of which are expected to be spent in cash, and are expected to be utilized as follows:


•	The accruals for personnel costs totaling $7,467 relate to the termination of personnel and are primarily expected to be spent within one year.


•	The accruals for facilities totaling $5,544 relate to vacated leased properties that have scheduled payments of $2,012 in 2014, $2,330 in 2015, $879 in 2016, $134 in 2017, and $189 in 2018.


•	Other accruals of $107 is expected to be spent within one year.

Acquisition-Related Expenses

Included in restructuring, integration, and other charges for the third quarter of 2014 are acquisition-related expenses (credits) of $(1,335) primarily consisting of changes in the fair value of contingent consideration and other credits, offset, in part, by professional fees and other costs associated with the Wyle Electronics ("Wyle") acquisition. Included in restructuring, integration, and other charges for the first nine months of 2014 are acquisition-related expenses (credits) of $(1,144) primarily consisting of an insurance recovery related to environmental matters in connection with the Wyle acquisition, offset, in part, by professional fees directly related to recent acquisition activity.

Included in restructuring, integration, and other charges for the third quarter and first nine months of 2013 are acquisition-related expenses of $2,527 and $7,576, respectively, primarily consisting of charges related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional fees directly related to recent acquisition activity.