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Investments in Affiliated Companies
3 Months Ended
Apr. 01, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Affiliated Companies 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:
(thousands)April 1,
2023
December 31,
2022
Marubun/Arrow$48,810 $54,292 
Other10,872 10,820 
 $59,682 $65,112 

The equity in earnings (losses) of affiliated companies consists of the following:
  Quarter Ended
(thousands)April 1,
2023
April 2,
2022
Marubun/Arrow$(397)$794 
Other317 49 
 $(80)$843 

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. There were no outstanding borrowings under the third-party debt agreements of the joint ventures as of April 1, 2023 and December 31, 2022.