Investments in Affiliated Companies

3 Months Ended

Mar. 28, 2020

Equity Method Investments and Joint Ventures [Abstract]

Investments in Affiliated Companies [Text Block]

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 28, 2020		December 31, 2019
Marubun/Arrow	$	71,646	$	76,574
Other	8,691		10,368
	$	80,337	$	86,942

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

	Quarter Ended
	March 28, 2020		March 30, 2019
Marubun/Arrow	$	445	$	1,226
Other	85		(2,693		)
	$	530	$	(1,467	)

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 28, 2020 and December 31, 2019, the company’s pro-rata share of this debt was approximately $6,000 and $1,700, respectively. The company believes there is sufficient equity in each of the joint ventures to meet the obligations.