XML 21 R11.htm IDEA: XBRL DOCUMENT v3.23.2
Investments in Affiliated Companies
 6 Months Ended
Jul. 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)July 1,
2023		December 31,
2022
Marubun/Arrow$51,075 $54,292 
Other11,063 10,820 
 $62,138 $65,112 

The equity in earnings of affiliated companies consists of the following:
  Quarter EndedSix Months Ended
(thousands)July 1,
2023		July 2,
2022		July 1,
2023		July 2,
2022
Marubun/Arrow$2,365 $1,746 $1,968 $2,540 
Other696 419 1,013 468 
 $3,061 $2,165 $2,981 $3,008 

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 July 1, 2023 and December 31, 2022.