XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 28, 2015
Mar. 29, 2014
Sales $ 5,002,385us-gaap_SalesRevenueNet $ 5,082,040us-gaap_SalesRevenueNet
Costs and expenses:    
Cost of sales 4,317,063us-gaap_CostOfRevenue 4,378,212us-gaap_CostOfRevenue
Selling, general, and administrative expenses 454,530us-gaap_SellingGeneralAndAdministrativeExpense 477,903us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization 37,162us-gaap_DepreciationDepletionAndAmortization 36,571us-gaap_DepreciationDepletionAndAmortization
Restructuring, integration, and other charges 16,196us-gaap_RestructuringCharges 11,614us-gaap_RestructuringCharges
Total Costs and Expenses 4,824,951us-gaap_CostsAndExpenses 4,904,300us-gaap_CostsAndExpenses
Operating income 177,434us-gaap_OperatingIncomeLoss 177,740us-gaap_OperatingIncomeLoss
Equity in earnings of affiliated companies 1,313us-gaap_IncomeLossFromEquityMethodInvestments 1,417us-gaap_IncomeLossFromEquityMethodInvestments
Interest and other financing expense, net 30,854us-gaap_InterestIncomeExpenseNet 29,637us-gaap_InterestIncomeExpenseNet
Other 935us-gaap_OtherNonoperatingExpense 0us-gaap_OtherNonoperatingExpense
Income before income taxes 146,958arw_IncomeBeforeIncomeTaxesAndAdjustmentForNoncontrollingInterest 149,520arw_IncomeBeforeIncomeTaxesAndAdjustmentForNoncontrollingInterest
Provision for income taxes 40,867us-gaap_IncomeTaxExpenseBenefit 42,328us-gaap_IncomeTaxExpenseBenefit
Consolidated net income 106,091us-gaap_ProfitLoss 107,192us-gaap_ProfitLoss
Noncontrolling interests 33us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 72us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to shareholders $ 106,058us-gaap_NetIncomeLoss $ 107,120us-gaap_NetIncomeLoss
Net income per share:    
Basic $ 1.11us-gaap_EarningsPerShareBasic $ 1.07us-gaap_EarningsPerShareBasic
Diluted $ 1.09us-gaap_EarningsPerShareDiluted [1] $ 1.06us-gaap_EarningsPerShareDiluted [1]
Weighted-average shares outstanding:    
Basic 95,920us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 99,948us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 97,125us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 101,399us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Stock-based compensation awards for the issuance of 711 and 492 shares for the first quarters of 2015 and 2014, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.