Investments in Affiliated Companies

3 Months Ended

Mar. 30, 2019

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 19% 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 30, 2019		December 31, 2018
Marubun/Arrow	$	75,107	$	73,253
Other	10,189		10,440
	$	85,296	$	83,693

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

	Quarter Ended
	March 30, 2019			March 31, 2018
Marubun/Arrow	$	1,226		$	1,091
Other	(2,693		)	(1,764		)
	$	(1,467	)	$	(673	)

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 30, 2019, the company's pro-rata share of this debt was approximately $6,100. At December 31, 2018, the company's pro-rata share of this debt was approximately $2,860. The company believes there is sufficient equity in each of the joint ventures to meet the obligations.