Investments in Affiliated Companies

3 Months Ended

Mar. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investments in Affiliated Companies [Text Block]

Investments in Affiliated Companies

The company owns a 50% interest in several joint ventures with Marubun Corporation (collectively "Marubun/Arrow") and several interests ranging from 43% to 50% in other joint ventures and equity method investments.  These investments are accounted for using the equity method.

The following table presents the company's investment in affiliated companies:

	March 31, 2018		December 31, 2017
Marubun/Arrow	$	71,337	$	70,167
Other	16,829		18,180
	$	88,166	$	88,347

The equity in earnings (losses) of affiliated companies consists of the following:

	Quarter Ended
	March 31, 2018			April 1, 2017
Marubun/Arrow	$	1,091		$	1,665
Other	(1,764		)	(740		)
	$	(673	)	$	925

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. At March 31, 2018, the company's pro-rata share of this debt was approximately $2,770. There were no outstanding borrowings under the third party debt agreements of the joint ventures as of December 31, 2017. The company believes there is sufficient equity in each of the joint ventures to meet the obligations.