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Document and Entity Information (USD $)
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6 Months Ended | |
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Jul. 02, 2011
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Jul. 03, 2010
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| Document and Entity Information [Abstract] | ||
| Entity Registrant Name | INGRAM MICRO INC | |
| Entity Central Index Key | 0001018003 | |
| Document Type | 10-Q | |
| Document Period End Date | Jul. 02, 2011 | |
| Amendment Flag | false | |
| Document Fiscal Year Focus | 2011 | |
| Document Fiscal Period Focus | Q2 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Well-known Seasoned Issuer | Yes | |
| Entity Voluntary Filers | No | |
| Entity Current Reporting Status | Yes | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Public Float | $ 2,289,263,377 | |
| Entity Common Stock, Shares Outstanding (Class A) | 157,441,169 |
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other. No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. This caption alerts the reader that one or more notes to the financial statements disclose pertinent information about the entity's commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Dollar value of issued common stock whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). No definition available.
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. No definition available.
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- Definition
Total of all Liabilities and Stockholders' Equity items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet due to materiality considerations. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Dollar value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Value of common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Treasury stock is issued but is not outstanding. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Note: number of treasury shares concept is in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheet (Unaudited) (Parenthetical) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
Jul. 02, 2011
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Jan. 01, 2011
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| Current assets: | ||
| Allowances for trade accounts receivable | $ 71,175 | $ 75,794 |
| Stockholders' equity: | ||
| Preferred Stock, par value | $ 0.01 | $ 0.01 |
| Preferred Stock, shares authorized | 25,000 | 25,000 |
| Preferred Stock, shares issued | 0 | 0 |
| Preferred Stock, shares outstanding | 0 | 0 |
| Treasury stock, shares | 27,256 | 23,713 |
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Common Class A {Member]
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| Stockholders' equity: | ||
| Common Stock, par value | $ 0.01 | $ 0.01 |
| Common Stock, shares authorized | 500,000 | 500,000 |
| Common Stock, shares issued | 184,697 | 182,458 |
| Common Stock, shares outstanding | 157,441 | 158,745 |
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Common Class B [Member]
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| Stockholders' equity: | ||
| Common Stock, par value | $ 0.01 | $ 0.01 |
| Common Stock, shares authorized | 135,000 | 135,000 |
| Common Stock, shares issued | 0 | 0 |
| Common Stock, shares outstanding | 0 | 0 |
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Excludes common shares repurchased by the entity and held as Treasury shares. Shares outstanding equals shares issued minus shares held in treasury. Does not include common shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
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Jul. 02, 2011
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Jul. 03, 2010
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Jul. 02, 2011
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Jul. 03, 2010
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| Consolidated Statement of Income [Abstract] | ||||
| Net sales | $ 8,749,025 | $ 8,156,328 | $ 17,472,737 | $ 16,252,282 |
| Cost of sales | 8,289,793 | 7,718,875 | 16,559,433 | 15,373,367 |
| Gross profit | 459,232 | 437,453 | 913,304 | 878,915 |
| Operating expenses: | ||||
| Selling, general and administrative | 362,084 | 333,066 | 716,371 | 669,008 |
| Reorganization credits | (189) | (269) | (358) | |
| Total operating expenses | 362,084 | 332,877 | 716,102 | 668,650 |
| Income from operations | 97,148 | 104,576 | 197,202 | 210,265 |
| Other expense (income): | ||||
| Interest income | (1,251) | (885) | (2,624) | (2,113) |
| Interest expense | 14,318 | 7,319 | 27,513 | 13,469 |
| Net foreign currency exchange (gain)loss | (2,974) | 1,178 | 35 | 1,677 |
| Other | 3,233 | 2,241 | 7,051 | 5,277 |
| Total other expense (income) | 13,326 | 9,853 | 31,975 | 18,310 |
| Income before income taxes | 83,822 | 94,723 | 165,227 | 191,955 |
| Provision for income taxes | 24,091 | 26,996 | 49,186 | 53,900 |
| Net income | $ 59,731 | $ 67,727 | $ 116,041 | $ 138,055 |
| Basic earnings per share | $ 0.37 | $ 0.42 | $ 0.73 | $ 0.84 |
| Diluted earnings per share | $ 0.37 | $ 0.41 | $ 0.71 | $ 0.83 |
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate foreign currency transaction gain or loss (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains or losses may be disclosed as dealer gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. No definition available.
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- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income (expense) from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other nonoperating income and expense, which does not qualify for separate disclosure on the income statement under materiality guidelines. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount charged against earnings in the period for incurred and estimated costs, excluding asset retirement obligations, associated with exit from or disposal of business activities or restructurings pursuant to a program that is planned and controlled by management, and materially changes either the scope of a business undertaken by an entity, or the manner in which that business is conducted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Change in book overdrafts. No definition available.
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- Definition
Net repayments on revolving credit facilities. No definition available.
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- Definition
Noncash charges for interest. No definition available.
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change between the beginning and ending balance of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The component of income tax expense for the period representing the net change in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element reduces net cash provided by operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The difference between the sale price or salvage price and the book value of a property, plant, and equipment asset that was sold or retired during the reporting period. This element refers to the gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in the aggregate amount of obligations due within one year (or one business cycle). This may include trade payables, amounts due to related parties, royalties payable, and other obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in other operating assets not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow (outflow) from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash inflow (outflow) from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow (outflow) from sales and purchases of trading securities during the period. Trading securities are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow from the payment of uncollateralized debt obligation (where debt is not backed by the pledge of collateral). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Organization and Basis of Presentation
|
6 Months Ended |
|---|---|
|
Jul. 02, 2011
|
|
| Organization and Basis of Presentation [Abstract] | |
| Organization and Basis of Presentation |
Note 1 — Organization and Basis of Presentation
Ingram Micro Inc. and its subsidiaries are primarily engaged in the distribution of
information technology (“IT”) products and supply chain solutions worldwide. Ingram Micro Inc. and
its subsidiaries operate in North America; Europe, Middle East and Africa (“EMEA”); Asia-Pacific;
and Latin America.
The consolidated financial statements include the accounts of Ingram Micro Inc. and its
subsidiaries. Unless the context otherwise requires, the use of the terms “Ingram Micro,” “we,”
“us” and “our” in these notes to the consolidated financial statements refers to Ingram Micro Inc.
and its subsidiaries. These consolidated financial statements have been prepared by us, without
audit, pursuant to the rules and regulations of the United States Securities and Exchange
Commission (the “SEC”). In the opinion of management, the accompanying unaudited consolidated
financial statements contain all material adjustments (consisting of only normal, recurring
adjustments) necessary to fairly state our consolidated financial position as of July 2, 2011, our
consolidated results of operations for the thirteen and twenty-six weeks ended July 2, 2011 and
July 3, 2010 and our consolidated cash flows for the twenty-six weeks ended July 2, 2011 and July
3, 2010. All significant intercompany accounts and transactions have been eliminated in
consolidation. As permitted under the applicable rules and regulations of the SEC, these
consolidated financial statements do not include all disclosures and footnotes normally included
with annual consolidated financial statements and, accordingly, should be read in conjunction with
the consolidated financial statements and the notes thereto, included in our Annual Report on Form
10-K filed with the SEC for the year ended January 1, 2011. The consolidated results of operations
for the thirteen and twenty-six weeks ended July 2, 2011 may not be indicative of the consolidated
results of operations that can be expected for the full year.
Book Overdrafts
Book overdrafts of $418,018 and $517,107 as of July 2, 2011 and January 1, 2011, respectively,
represent checks issued on disbursement bank accounts but not yet paid by such banks. These
amounts are classified as accounts payable in our consolidated balance sheet. We typically fund
these overdrafts through normal collections of funds or transfers from other bank balances at other
financial institutions. Under the terms of our facilities with the banks, the respective financial
institutions are not legally obligated to honor the book overdraft balances as of July 2, 2011 and
January 1, 2011, or any balance on any given date.
Trade Accounts Receivable Factoring Programs
We have an uncommitted factoring program in North America under which trade accounts
receivable of one of our larger customers may be sold, without recourse, to a financial institution. The
program’s total amount of receivables that may be factored at any one point in time cannot exceed
$150,000. We also have an uncommitted factoring program in EMEA under which trade accounts
receivable of another of our larger customers may be sold, without recourse, to a financial institution.
The program’s total amount of receivables that may be factored at any one point in time cannot
exceed €40,000, or approximately $58,000, at July 2, 2011. Available capacity under these programs
is dependent on the amount of trade accounts receivable already sold to and held by the financial
institutions, the level of our trade accounts receivable eligible to be sold into these programs
and the financial institutions’ willingness to purchase such receivables. At July 2, 2011 and
January 1, 2011, we had a total of $163,714 and $112,484, respectively, of trade accounts
receivable sold to and held by the financial institutions under these programs. Factoring fees in
the amount of $732 for the thirteen weeks ended July 2, 2011 and $1,574 for the twenty-six weeks
ended July 2, 2011 related to the sale of trade accounts receivable under both facilities are
included in “other” in the other expense (income) section of our consolidated statement of income.
There were no factoring fees in the thirteen or twenty-six weeks ended July 3, 2010.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Share Repurchases
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 02, 2011
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| Share Repurchases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Repurchases |
Note 2 — Share Repurchases
In October 2010, our Board of Directors authorized a new three-year, $400,000 share repurchase
program, following the completion of our previous share repurchase programs in the second quarter
of 2010. Under the program, we may repurchase shares in the open market and through privately
negotiated transactions. Our repurchases will be funded with available borrowing capacity and
cash. The timing and amount of specific repurchase transactions will depend upon market
conditions, corporate considerations and applicable legal and regulatory requirements. We account
for repurchased shares of common stock as treasury stock. Treasury shares are recorded at cost and
are included as a component of stockholders’ equity in our consolidated balance sheet. We
have
also issued shares of common stock out of our cumulative balance of treasury shares. Such shares
are issued to certain of our associates upon the vesting of their equity awards under the Ingram
Micro Inc. 2011 Equity Incentive Plan (see Note 4). Our stock repurchase and issuance activity for
the twenty-six weeks ended July 2, 2011 and July 3, 2010 are summarized in the table below.
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| X | ||||||||||
|
- Definition
This element may be used to capture the complete disclosure pertaining to an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's Board of Directors, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation. No definition available.
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| X | ||||||||||
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- Details
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Earnings Per Share
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 02, 2011
|
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share |
Note 3 — Earnings Per Share
We report a dual presentation of Basic Earnings per Share (“Basic EPS”) and Diluted Earnings
per Share (“Diluted EPS”). Basic EPS excludes dilution and is computed by dividing net income by
the weighted average number of common shares outstanding during the reported period. Diluted EPS
uses the treasury stock method or the if-converted method, where applicable, to compute the
potential dilution that could occur if stock-based awards and other commitments to issue common
stock were exercised.
The computation of Basic EPS and Diluted EPS is as follows:
There were approximately 2,381 and 5,589 stock-based awards for the thirteen weeks ended July
2, 2011 and July 3, 2010, respectively, and 1,375 and 5,562 stock-based awards for the twenty-six
weeks ended July 2, 2011 and July 3, 2010, respectively, that were not included in the computation
of Diluted EPS because the exercise price was greater than the average market price of the Class A
Common Stock during the respective periods, thereby resulting in an antidilutive effect.
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element may be used to capture the complete disclosure pertaining to an entity's earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock-Based Compensation
|
6 Months Ended |
|---|---|
|
Jul. 02, 2011
|
|
| Stock-Based Compensation [Abstract] | |
| Stock-Based Compensation |
Note 4 — Stock-Based Compensation
During the second quarter of 2011, our stockholders approved the Ingram Micro Inc. 2011
Incentive Plan (the “2011 Incentive Plan”), which constitutes an amendment and restatement of the
Ingram Micro Inc. Amended and Restated 2003 Equity Incentive Plan and a consolidation with the
Ingram Micro Inc. 2008 Executive Incentive Plan. The 2011 Incentive Plan increased the number of
shares that we may issue by 13,500 shares, for the granting of stock-based incentive awards
including incentive stock options, non-qualified stock options, restricted stock, restricted stock
units and stock appreciation rights, among others, to key employees and members of our Board of
Directors. We have granted time- and/or performance-vested restricted stock and/or restricted
stock units, in addition to stock options, to key employees and members of our Board of Directors.
In 2011 and 2010, a portion of the performance-vested restricted stock units granted to management
is based on the performance measurement of profit before tax, with the remainder based on earnings
per share growth and return on invested capital versus preset targets.
No stock options were granted during the thirteen weeks ended July 2, 2011 or July 3, 2010,
while restricted stock and restricted stock units granted were 23 and 80, respectively. Stock
options granted during the twenty-six weeks ended July 2, 2011 and July 3, 2010 were 39 and 48,
respectively, and restricted stock and restricted stock units granted were 1,759 and 1,802,
respectively. As of July 2, 2011, approximately 15,554 shares were available for grant under the
2011 Incentive Plan, taking into account granted options, time-vested restricted stock units/awards
and performance-vested restricted stock units assuming maximum achievement. Stock-based
compensation expense for the thirteen weeks ended July 2, 2011 and July 3, 2010 was $10,331 and
$7,034, respectively, and the related income tax benefit was approximately $2,768 and $2,134,
respectively. Stock-based compensation expense for the twenty-six weeks ended July 2, 2011 and
July 3, 2010 was $15,988 and $11,065, respectively, and the related income tax benefit was
approximately $4,490 and $3,480, respectively.
During the thirteen weeks ended July 2, 2011 and July 3, 2010, a total of 283 and 240 stock
options, respectively, were exercised, and 338 and 42 restricted stock and restricted stock units
vested, respectively. For the twenty-six weeks ended July 2, 2011 and July 3, 2010, a total of
2,011 and 801 stock options, respectively, were exercised, and 1,088 and 732 restricted stock and
restricted stock units vested, respectively. During the twenty-six weeks ended July
2, 2011 and July 3, 2010, the Board of Directors determined that the performance measures for
certain performance-based grants were not met, resulting in the cancellation of approximately 772
and 492 shares, respectively.
|
| X | ||||||||||
|
- Definition
Disclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Comprehensive Income
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 02, 2011
|
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| Comprehensive Income (Loss) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Comprehensive Income (Loss) |
Note 5 — Comprehensive Income (Loss)
Comprehensive income (loss) consists of the following:
Accumulated other comprehensive income included in stockholders’ equity consisted primarily of
foreign currency translation adjustments and fair value adjustments to our interest rate swap
agreement and foreign currency forward contracts designated as cash flow hedges.
|
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Financial Instruments
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6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 02, 2011
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| Derivative Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Financial Instruments |
Note 6 — Derivative Financial Instruments
The notional amounts and fair values of derivative instruments in our consolidated balance
sheet were as follows:
The amount recognized in earnings on our derivative instruments, including ineffectiveness,
was a net gain (loss) of $(10,858) and $41,397 for the thirteen weeks ended July 2, 2011 and July
3, 2010, respectively, and a net gain (loss) of $(40,955) and $53,422 for the twenty-six
weeks ended July 2, 2011 and July 3, 2010, respectively, which was largely offset by the change in the
fair value of the underlying hedged assets or liabilities. The gains or losses on derivative
instruments are classified in our consolidated statement of income on a consistent basis with the
classification of the change in fair value of the underlying hedged assets or liabilities.
Unrealized gains (losses), net of taxes, of $5,386 and $(353) during the thirteen weeks ended July 2,
2011 and July 3, 2010, respectively, and $3,636 and $(637) during the twenty-six weeks ended July
2, 2011 and July 3, 2010, respectively, were reflected in accumulated other comprehensive income
associated with our cash flow hedging transactions.
Cash Flow and Other Hedges
We have designated hedges consisting of an interest rate swap to hedge variable interest rates
on a portion of our senior unsecured term loan and foreign currency forward contracts to hedge
certain foreign currency-denominated intercompany loans and anticipated management fees. In
addition, we also use foreign currency forward contracts that are not designated as hedges
primarily to manage currency risk associated with foreign currency-denominated trade accounts
receivable, accounts payable and intercompany loans.
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- Definition
This element can be used to disclose the entity's entire derivative instruments and hedging activities disclosure as a single block of text. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising there from, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements
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6 Months Ended |
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Jul. 02, 2011
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| Fair Value Measurements [Abstract] | |
| Fair Value Measurements |
Note 7 — Fair Value Measurements
Our assets and liabilities carried at fair value are classified and disclosed in one of the
following three categories: Level 1 — quoted market prices in active markets for identical assets
and liabilities; Level 2 — observable market-based inputs or unobservable inputs that are
corroborated by market data; and Level 3 — unobservable inputs that are not corroborated by market
data.
At July 2, 2011 and January 1, 2011, our assets and liabilities measured at fair value on a
recurring basis included cash equivalents, consisting primarily of money market accounts and
short-term certificates of deposit, of $930,193 and $532,985, respectively, and marketable trading
securities (included in other currents assets in our consolidated balance sheet) of $47,656 and
$44,401, respectively, both determined based on Level 1 criteria, as defined above, and derivative
assets of $910 and $585, respectively, and derivative liabilities of $16,024 and $25,758,
respectively, determined based on Level 2 criteria. The change in the fair value of derivative
instruments was a net unrealized gain of $7,711 and $10,331 for the thirteen weeks ended July 2,
2011 and July 3, 2010, respectively, and a net unrealized gain of $10,059 and $17,196 for the
twenty-six weeks ended July 2, 2011 and July 3, 2010, respectively. The fair value of the cash
equivalents approximated cost and the gain or loss on the marketable trading securities was
recognized in the consolidated statement of income to reflect these investments at fair value.
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- Definition
This item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions and Intangible Assets
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6 Months Ended |
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Jul. 02, 2011
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| Acquisitions and Intangible Assets [Abstract] | |
| Acquisitions and Intangible Assets |
Note 8 — Acquisitions and Intangible Assets
During the first quarter of 2011, we acquired the assets and liabilities of Aretê Sistemas
S.A. (“Aretê”) in Spain, which further strengthens our capabilities in value-added distribution in
our EMEA region. Our agreement with Aretê called for an initial cash payment of $1,066, a hold-back amount of
$1,040, which was released during the second quarter upon settlement
of certain closing matters, and a maximum potential earn-out
of $5,000 to be paid out over four years through December 31, 2014 based upon the achievement of
certain pre-defined targets. We have recorded the earn-out at $2,062, which reflects the estimated
fair value of the payout to be achieved. The aggregate purchase price of $4,168 has been allocated
to the assets acquired and liabilities assumed based on their estimated fair values on the
transaction dates, including identifiable intangible assets of $4,142, primarily related to vendor
and customer relationships with estimated useful lives of 10 years. This acquisition is not
material to us as a whole and therefore, pro forma financial information has not been presented.
During the second quarter of 2010, we acquired all of the outstanding shares of Albora Soluciones in our
EMEA region and the assets and liabilities of Asiasoft Hong Kong
Limited in our Asia-Pacific region. These
acquisitions further strengthen our capabilities in virtualization, security and middleware solutions and
enterprise computing. These entities were acquired for an aggregate cash price of $4,933, which was allocated
to the assets acquired and liabilities assumed based on their estimated fair values on the transaction dates,
resulting in identifiable intangible assets of $2,921, primarily related to vendor and customer relationships with
estimated useful lives of 10 years and deferred tax liabilities of $779 related to the intangible assets, none of
which are deductible for income tax purposes.
The gross carrying amounts of finite-lived identifiable intangible assets of $185,150 and
$179,267 at July 2, 2011 and January 1, 2011, respectively, are amortized over their remaining
estimated lives ranging up to 17 years. The net carrying amount was $81,177 and $81,992 at July 2,
2011 and January 1, 2011, respectively. Amortization expense was $3,250 and $4,303 for the
thirteen weeks ended July 2, 2011 and July 3, 2010, respectively, and $6,455 and $8,646 for the
twenty-six weeks ended July 2, 2011 and July 3, 2010, respectively.
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- Definition
Description of a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. This element may be used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding business combinations, including leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reorganization and Expense-Reduction Program Costs
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Jul. 02, 2011
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| Reorganization and Expense-Reduction Program Costs |
Note 9 — Reorganization and Expense-Reduction Program Costs
In the second half of 2008 and through 2009, we implemented cost-reduction programs in all of
our regions to align our level of operating expenses with declines in sales volume resulting
primarily from the economic downturn. The remaining liabilities and 2011 activities associated
with these actions are summarized in the table below for the twenty-six weeks ended July 2, 2011:
Adjustments reflected in the table above include a reduction of $269 to reorganization
liabilities recorded in prior years in EMEA for lower than expected costs associated with facility
consolidations, as well as the net foreign currency impact that increased the U.S. dollar liability
by $172. We expect the remaining liabilities, all of which are associated with facility costs, to
be substantially utilized by the end of 2014.
Prior to 2006, we launched other outsourcing and optimization plans to improve operating
efficiencies and to integrate past acquisitions. The remaining liabilities and 2011 activities
associated with these actions are summarized in the table below for the twenty-six weeks ended July
2, 2011:
Adjustments reflected in the table above include the net foreign currency impact of
strengthening foreign currencies, which increased the U.S. dollar liability by $82. We expect the
remaining liabilities, all of which are associated with facility costs, to be fully utilized by the
end of 2015.
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- Definition
Description of restructuring activities including exit and disposal activities, which should include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. This description does not include restructuring costs in connection with a business combination or discontinued operations and long-lived assets (disposal groups) sold or classified as held for sale. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt
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Jul. 02, 2011
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| Debt |
Note 10 — Debt
The carrying value of our outstanding debt consists of the following:
We have a revolving trade accounts receivable-backed financing program in North America, which
provides for up to $500,000 in borrowing capacity, and may, subject to the financial institutions’
approval and availability of eligible receivables, be increased to $700,000 in accordance with the
terms of the program. The interest rate of this program is dependent on designated commercial
paper rates (or, in certain circumstances, an alternate rate) plus a predetermined margin. In
April 2011, we extended the maturity of this North American financing program for an additional
year to April 2014. We had no borrowings at July 2, 2011 and January 1, 2011 under this North
American financing program.
In May 2011, we terminated our multi-currency revolving trade accounts receivable-backed
financing program in Asia-Pacific, which provided a borrowing capacity of up to 210,000 Australian
dollars. We replaced this facility in the same month with a new multi-currency revolving trade
accounts receivable-backed financing program from the same financial institution, which provides a
borrowing capacity of up to 160,000 Australian dollars, or approximately $172,000 at July 2, 2011.
The new financing program matures in May 2014. The interest rate for the new financing program is
dependent upon the currency in which the drawing is made and is related to the local short-term
bank indicator rate for such currency plus a predetermined margin. We had no borrowings at July 2,
2011 and January 1, 2011 under the Asia-Pacific financing program.
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This element may be used as a single block of text to encapsulate the entire disclosure for long-term borrowings including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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6 Months Ended |
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Jul. 02, 2011
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| Income Taxes [Abstract] | |
| Income Taxes |
Note 11 — Income Taxes
Our effective tax rate for the thirteen weeks ended July 2, 2011 was 28.7% as compared to
28.5% for the thirteen weeks ended July 3, 2010. For the twenty-six weeks ended July 2, 2011 and
July 3, 2010, our effective tax rate was 29.8% and 28.1%, respectively. The increase in our
effective tax rate for the current-year period is primarily the result of mix of income across our
business units, including a higher proportion of losses in tax jurisdictions where we are not able
to record a tax benefit versus profit before tax in our remaining jurisdictions in the current
year.
Our effective tax rate differed from the U.S. federal statutory rate of 35% during these
periods primarily due to the relative mix of earnings or losses within the tax jurisdictions in
which we operate, such as: a) earnings in lower-tax jurisdictions for which no U.S. taxes have been
provided because such earnings are planned to be reinvested indefinitely outside the United States;
and b) changes in the valuation allowance on deferred tax assets.
At July 2, 2011, we had gross unrecognized tax benefits of $23,070 compared to $23,641 at
January 1, 2011, representing a net decrease of $571 during the first half of 2011. Substantially
all of the gross unrecognized tax benefits, if recognized, would impact our effective tax rate in
the period of recognition. We recognize interest and penalties related to unrecognized tax
benefits in income tax expense. In addition to the gross unrecognized tax benefits identified
above, the interest and penalties recorded to date by us totaled $5,039 at July 2, 2011, as
compared to $3,006 at January 1, 2011.
Our future effective tax rate will continue to be affected by changes in the relative mix of
taxable income and losses in the tax jurisdictions in which we operate, changes in the valuation of
deferred tax assets or liabilities, or changes in tax laws or interpretations thereof. In
addition, our income tax returns are subject to continuous examination by the U.S. Internal Revenue
Service (“IRS”) and other tax authorities. In 2010, the IRS initiated an examination of tax years
2007 to 2009, which is still in progress. Furthermore, during 2010, the statute of limitations
lapsed on tax year 2006. It is possible that within the next twelve months, this ongoing federal
tax examination, as well as ongoing tax examinations in the U.S. states and several of our foreign
jurisdictions may be resolved, that new tax examinations may commence and that other issues may be
effectively settled. However, we do not expect our unrecognized tax benefits to change
significantly over the next twelve months.
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- Definition
Description containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Information
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Jul. 02, 2011
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| Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information |
Note 12 — Segment Information
We operate predominantly in a single industry segment as a distributor of IT products and
supply chain solutions. Our operating segments are based on geographic location, and the measure
of segment profit is income from operations. We do not allocate stock-based compensation
recognized (see Note 4) to our operating units; therefore, we are reporting this as a separate
amount.
Geographic areas in which we operate currently include North America (United States and
Canada), EMEA (Austria, Belgium, France, Germany, Hungary, Israel, Italy, the Netherlands, Spain,
Sweden, Switzerland, and the United Kingdom), Asia-Pacific (Australia, the People’s Republic of
China including Hong Kong, India, Indonesia, Malaysia, New Zealand, Singapore, and Thailand), and
Latin America (Argentina, Brazil, Chile, Mexico, and our Latin American export operations in
Miami).
Financial information by geographic segment is as follows:
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- Details
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- Definition
This element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies
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6 Months Ended |
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Jul. 02, 2011
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| Commitments and Contingencies [Abstract] | |
| Commitments and Contingencies |
Note 13 — Commitments and Contingencies
Our Brazilian subsidiary has been assessed for commercial taxes on its purchases of imported
software for the period January to September 2002. The principal amount of the tax assessed for
this period was 12,700 Brazilian reais, which is approximately $8,200 and $7,600 at July 2, 2011
and January 1, 2011, respectively, based on the exchange rate prevailing on those dates of 1.560
and 1.666 Brazilian reais, respectively, to the U.S. dollar. We have recorded a liability only for
this assessed amount and not for the unassessed period from October 2002 through December 2005
because it is our opinion, after consultation with counsel, that the statute of limitations for an
assessment from the Brazilian tax authorities for that period has expired. Brazilian law provides
that such taxes are not assessable on software imports after January 1, 2006. While the tax
authorities may seek to impose interest and penalties in addition to the tax as discussed above,
which potentially aggregate to approximately $16,500 as of July 2, 2011 based on the exchange rate
prevailing on that date of 1.560 Brazilian reais to the U.S. dollar, we continue to believe that we
have valid defenses to the assessment of interest and penalties and that payment is not probable.
We will continue to vigorously pursue administrative and judicial action to challenge the current,
and any subsequent, assessments. However, we can make no assurances that we will ultimately be
successful in defending such assessments.
In 2007, the Sao Paulo Municipal Tax Authorities assessed our Brazilian subsidiary a
commercial service tax based upon our sale of software. The assessment for taxes and penalties
covers the years 2002 through 2006 and totaled 55,100 Brazilian reais or approximately $35,300
based upon a July 2, 2011 exchange rate of 1.560 Brazilian reais to the U.S. dollar. Although not
included in the original assessment, additional potential liability arising from this assessment
for interest and adjustment for inflation totaled 94,200 Brazilian reais or approximately $60,400
at July 2, 2011. The authorities could make further tax assessments for the period after 2006,
which may be material. It is our opinion, after consulting with counsel, that our subsidiary has
valid defenses against the assessment of these taxes, penalties, interest, or any additional
assessments related to this matter, and we therefore have not recorded a charge for the assessment
as we believe an unfavorable outcome is not probable. After seeking relief in administrative proceedings, we
are now vigorously pursuing judicial action to challenge the current assessment and any subsequent
assessments, which may require us to post collateral or provide a guarantee equal to or greater
than the total amount of the assessment, penalties and interest, adjusted for inflation factors.
However, we can make no assurances that we will ultimately be successful in our defense of this
matter.
There are various other claims, lawsuits and pending actions against us incidental to our
operations. It is the opinion of management that the ultimate resolution of these matters will not
have a material adverse effect on our consolidated financial position, results of operations or
cash flows. However, we can make no assurances that we will ultimately be successful in our
defense of any of these matters.
As is customary in the IT distribution industry, we have arrangements with certain finance
companies that provide inventory-financing facilities for customers. In conjunction with certain
of these arrangements, we have agreements with the finance companies that would require us to
repurchase certain inventory, which might be repossessed from the customers by the finance
companies. Due to various reasons, including among other factors, the lack of information
regarding the amount of saleable inventory purchased from us still on hand with the customer at any
point in time, repurchase obligations relating to inventory cannot be reasonably estimated.
Repurchases of inventory by us under these arrangements have been insignificant to date.
We
have guarantees to third parties that provide financing to a limited number of our customers.
Net sales under these arrangements accounted for less than one percent of our consolidated
net sales for the thirteen and twenty-six week periods ended July 2, 2011 and July 3,
2010. The guarantees require us to reimburse the third party for defaults by these customers
up to an aggregate of $21,000. The fair value of these guarantees has been recognized as
cost of sales to these customers and is included in other accrued liabilities.
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- Details
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| X | ||||||||||
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- Definition
Includes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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New Accounting Standards
|
6 Months Ended |
|---|---|
|
Jul. 02, 2011
|
|
| New Accounting Standards [Abstract] | |
| New Accounting Standards |
Note 14 — New Accounting Standards
In June 2011, the Financial Accounting Standards Board (“FASB”) issued a new accounting
standard related to presentation of comprehensive income. This standard requires presentation of
comprehensive income in either a single statement of comprehensive income or two separate but
consecutive statements. The standard, however, does not change the definitions of the components
of net income and other comprehensive income, when an item must be reclassified from other
comprehensive income to net income, or earnings per share, which is still calculated using net
income. The standard further defines the approach for reporting tax impacts of comprehensive
income and disclosure of amounts reclassified from comprehensive income to net income. The
standard is effective for fiscal years beginning after December 15, 2011 and must be applied
retrospectively.
In October 2009, the FASB issued a new accounting standard related to revenue recognition in
multiple-deliverable revenue arrangements and certain arrangements that include software elements.
This standard eliminates the residual method of revenue allocation by requiring entities to
allocate revenue in an arrangement using estimated selling prices of the delivered goods and
services based on selling price hierarchy. The FASB also issued a new accounting standard in
October 2009, which changes revenue recognition for tangible products containing software and
hardware elements. Under this standard, tangible products containing software and hardware that
function together to deliver the tangible products’ essential functionality are scoped out of the
existing software revenue recognition guidance and will be accounted for under the multiple-element
arrangements revenue recognition guidance discussed above. Both standards were effective for us
beginning January 2, 2011 (the first day of fiscal 2011). The adoption of these standards did not
have a material impact on our consolidated financial position and results of operations.
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| X | ||||||||||
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- Definition
Represents disclosure of any changes in an accounting principle, including a change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. Also disclose any change in the method of applying an accounting principle, or any change in an accounting principle required by a new pronouncement in the unusual instance that a new pronouncement does not include specific transition provisions. No definition available.
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- Details
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New Accounting Standards (Policies)
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6 Months Ended |
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Jul. 02, 2011
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| New Accounting Standards (Policies) [Abstract] | |
| Revenue recognition |
In October 2009, the FASB issued a new accounting standard related to revenue recognition in
multiple-deliverable revenue arrangements and certain arrangements that include software elements.
This standard eliminates the residual method of revenue allocation by requiring entities to
allocate revenue in an arrangement using estimated selling prices of the delivered goods and
services based on selling price hierarchy. The FASB also issued a new accounting standard in
October 2009, which changes revenue recognition for tangible products containing software and
hardware elements. Under this standard, tangible products containing software and hardware that
function together to deliver the tangible products’ essential functionality are scoped out of the
existing software revenue recognition guidance and will be accounted for under the multiple-element
arrangements revenue recognition guidance discussed above. Both standards were effective for us
beginning January 2, 2011 (the first day of fiscal 2011). The adoption of these standards did not
have a material impact on our consolidated financial position and results of operations.
|
| Comprehensive income |
In June 2011, the Financial Accounting Standards Board (“FASB”) issued a new accounting
standard related to presentation of comprehensive income. This standard requires presentation of
comprehensive income in either a single statement of comprehensive income or two separate but
consecutive statements. The standard, however, does not change the definitions of the components
of net income and other comprehensive income, when an item must be reclassified from other
comprehensive income to net income, or earnings per share, which is still calculated using net
income. The standard further defines the approach for reporting tax impacts of comprehensive
income and disclosure of amounts reclassified from comprehensive income to net income. The
standard is effective for fiscal years beginning after December 15, 2011 and must be applied
retrospectively.
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| X | ||||||||||
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- Definition
Comprehensive Income Policy Text Block. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Describes an entity's accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction should be disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share Repurchases (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 02, 2011
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| Share Repurchases (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Repurchases |
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Share Repurchases. No definition available.
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|
Earnings Per Share (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 02, 2011
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| Earnings Per Share (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share |
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| X | ||||||||||
|
- Definition
Earnings per share basic and diluted. No definition available.
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| X | ||||||||||
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- Details
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Comprehensive Income (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 02, 2011
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| Comprehensive Income (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Comprehensive Income (Loss) |
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Summary of Comprehensive Income (Loss). No definition available.
|
|
Derivative Financial Instruments (Tables)
|
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 02, 2011
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Financial Instruments (Tables) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notional amounts and fair values of derivative instruments |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Notional amounts and fair values of derivative instruments. No definition available.
|
|
Reorganization and Expense-Reduction Program Costs (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Jul. 02, 2011
|
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| Reorganization and Expense-Reduction Program Costs (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Remaining liabilities and payment activities |
|
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| X | ||||||||||
|
- Definition
Remaining liabilities and payment activities. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Debt (Tables)
|
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Jul. 02, 2011
|
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| Debt (Tables) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Carrying value of outstanding debt |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Segment Information (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 02, 2011
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| Segment Information (Tables) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial information by geographic segment |
|
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| X | ||||||||||
|
- Definition
Schedule of information attributed to foreign countries by geographic area. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Organization and Basis of Presentation (Details)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
|
Jul. 02, 2011
USD ($)
|
Jul. 02, 2011
USD ($)
|
Jan. 01, 2011
USD ($)
|
Jul. 02, 2011
North America [Member]
USD ($)
|
Jul. 02, 2011
EMEA [Member]
USD ($)
|
Jul. 02, 2011
EMEA [Member]
EUR (€)
|
|
| Organization and Basis of Presentation (Textuals) [Abstract] | ||||||
| Book Overdraft | $ 418,018 | $ 418,018 | $ 517,107 | |||
| Trade accounts receivable sold to and held by the financial institution | 163,714 | 163,714 | 112,484 | |||
| Factoring Fee | 732 | 1,574 | ||||
| Entity-Wide Disclosure on Geographic Areas, Revenue from External Customers Attributed to Individual Foreign Countries [Line Items] | ||||||
| Amount of receivable that could be factored | $ 150,000 | $ 58,000 | € 40,000 | |||
| X | ||||||||||
|
- Definition
Amount of receivable that could be factored. No definition available.
|
| X | ||||||||||
|
- Definition
Book Overdraft. No definition available.
|
| X | ||||||||||
|
- Definition
Factoring Fee. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Trade accounts receivable sold to and held by financial institution. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Share Repurchases (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
6 Months Ended | |
|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
|
| Share Repurchases | ||
| Cumulative balance, Shares, Beginning Balance | 23,713 | 15,095 |
| Cumulative balance, Weighted Average Price Per Share, Beginning Balance | $ 16.40 | $ 16.11 |
| Cumulative balance, Net Amount, Beginning Balance | $ 388,817 | $ 243,219 |
| Repurchase of Class A Common Stock, Shares | 4,081 | 8,960 |
| Repurchase of Class A Common Stock, Weighted Average Price Per Share | $ 18.60 | $ 16.99 |
| Repurchase of Class A Common Stock | 75,906 | 152,285 |
| Issuance of shares of Class A Common Stock, Weighted Average Price Per Share | $ 19.00 | $ 19.67 |
| Issuance of shares of Class A Common Stock, Shares | (538) | (225) |
| Issuance of shares of Class A Common Stock, Net Amount | (10,221) | (4,435) |
| Cumulative balance, Shares, Ending Balance | 27,256 | 23,830 |
| Cumulative balance, Weighted Per Share Average, Ending Balance | $ 16.68 | $ 16.41 |
| Cumulative balance, Net Amount, Ending Balance | $ 454,502 | $ 391,069 |
| X | ||||||||||
|
- Definition
Issued shares of common stock weighted average price per share. No definition available.
|
| X | ||||||||||
|
- Definition
Treasury Stock Weighted Average Price Per Share. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of treasury shares reissued during the period. Upon reissuance, these are common and preferred shares outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of treasury stock reissued during the period. Upon reissuance, common and preferred stock are outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Total cost of shares repurchased divided by the total number of shares repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Treasury stock is issued but is not outstanding. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Note: number of treasury shares concept is in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share Repurchases (Details Textuals) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | |
|---|---|---|
|
Jul. 02, 2011
|
Oct. 30, 2010
|
|
| Share Repurchases (Textuals) [Abstract] | ||
| Shares Authorized for Repurchase program | $ 400,000 | |
| Duration of new share repurchase program | 3 years |
| X | ||||||||||
|
- Definition
Duration of new share repurchase program. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Shares Authorized for Repurchase program. No definition available.
|
|
Earnings Per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
|
Jul. 03, 2010
|
|
| Earnings Per Share | ||||
| Net income | $ 59,731 | $ 67,727 | $ 116,041 | $ 138,055 |
| Weighted average shares | 159,383 | 162,325 | 159,931 | 163,747 |
| Basic EPS | $ 0.37 | $ 0.42 | $ 0.73 | $ 0.84 |
| Weighted average shares, including the dilutive effect of stock-based awards (3,290 and 3,112 for the thirteen weeks ended July 2, 2011 and July 3, 2010, respectively, and 3,897 and 3,322 for the twenty-six weeks ended July 2, 2011 and July 3, 2010, respectively) | 162,673 | 165,437 | 163,828 | 167,069 |
| Diluted EPS | $ 0.37 | $ 0.41 | $ 0.71 | $ 0.83 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Earnings Per Share (Details Textuals)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
|
Jul. 03, 2010
|
|
| Earnings Per Share (Textuals) [Abstract] | ||||
| Stock-based awards excluded from the computation of Diluted Earnings Per Share | 2,381 | 5,589 | 1,375 | 5,562 |
| Weighted average shares, including the dilutive effect of stock-based awards | 3,290 | 3,112 | 3,897 | 3,322 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Shares. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate awards of share options and nonvested shares to be issued to an employee under a share-based compensation arrangement are considered options for purposes of computing diluted earnings per share. Such share-based awards shall be considered to be outstanding as of the grant date for purposes of computing diluted earnings per share even though their exercise may be contingent upon vesting. Those share-based awards are included in the diluted Earnings Per Share (EPS) computation even if the employee may not receive (or be able to sell) the stock until some future date. Accordingly, all shares to be issued shall be included in computing diluted EPS if the effect is dilutive. The dilutive effect of share-based compensation arrangements shall be computed using the treasury stock method. If the equity share options or other equity instruments are outstanding for only part of a period, the shares issuable shall be weighted to reflect the portion of the period during which the equity instruments were outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock-Based Compensation (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
|
Jul. 03, 2010
|
|
| Stock-Based Compensation (Textuals) [Abstract] | ||||
| Increased number of shares to be issued under new incentive plan | 13,500 | |||
| Stock options granted under the 2011 Plan | 0 | 0 | 39 | 48 |
| Restricted stock and restricted stock units granted under the 2011 Plan | 23 | 80 | 1,759 | 1,802 |
| Approximate number Shares available for grant under the 2011 Plan | 15,554 | 15,554 | ||
| Stock-based compensation expense | $ 10,331 | $ 7,034 | $ 15,988 | $ 11,065 |
| Income tax benefit related to Stock-based compensation expense | $ 2,768 | $ 2,134 | $ 4,490 | $ 3,480 |
| Stock options exercised | 283 | 240 | 2,011 | 801 |
| Restricted stock and restricted stock units vested | 338 | 42 | 1,088 | 732 |
| Shares cancelled as performance measures for certain performance-based grants were not met | 772 | 492 | ||
| X | ||||||||||
|
- Definition
Increased Number Of Shares To Be Issued Under New Incentive Plan. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The total recognized tax benefit related to compensation cost for share-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares under a share-based award plan other than a stock option plan that were settled during the reporting period due to a failure to satisfy vesting conditions pertaining to all option plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares issuable under a share-based award plan pertaining to grants made during the period on other than stock option plans (for example, phantom stock plan, stock appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The decrease in the number of shares potentially issuable under a share-based award plan pertaining to awards for which the grantee has gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The difference between the maximum number of shares authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares already issued upon exercise of options or other share-based awards under the plan, and 2) shares reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. No definition available.
|
| X | ||||||||||
|
- Definition
The decrease in the number of reserved shares that could potentially be issued attributable to the exercise or conversion during the reporting period of previously issued stock options under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The quantity of shares issuable on stock options awarded under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Comprehensive Income (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
|
Jul. 03, 2010
|
|
| Summary of Comprehensive Income (Loss) | ||||
| Net income | $ 59,731 | $ 67,727 | $ 116,041 | $ 138,055 |
| Changes in foreign currency translation adjustments and other | 25,437 | (76,955) | 95,513 | (115,281) |
| Comprehensive income (loss) | $ 85,168 | $ (9,228) | $ 211,554 | $ 22,774 |
| X | ||||||||||
|
- Definition
Other Comprehensive Income foreign currency translation adjustments and other Net Of Tax Period Increase Decrease. No definition available.
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Net fair value of all derivative instruments designated as cash flow hedging instruments, which is ordinarily reflected within other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value as of the balance sheet date of the assets less the liabilities of a derivative or group of derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effective portion of losses on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate notional amount of all derivatives designated as cash flow hedging instruments. The notional amount relates to a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate notional amount of all derivatives. The notional amount relates to a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate notional amount of all derivatives not designated as a hedging instrument. The notional amount relates to a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Net fair value of all derivative instruments not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
Fair Value, Inputs, Level 2 [Member]
|
Jan. 01, 2011
Fair Value, Inputs, Level 2 [Member]
|
Jul. 02, 2011
Fair Value, Inputs, Level 1 [Member]
|
Jan. 01, 2011
Fair Value, Inputs, Level 1 [Member]
|
Jul. 02, 2011
Fair Value, Inputs, Level 2 [Member]
|
Jan. 01, 2011
Fair Value, Inputs, Level 2 [Member]
|
|
| Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ||||||||||
| Cash equivalents measured at fair value on recurring basis | $ 930,193 | $ 532,985 | ||||||||
| Marketable trading securities (included in other currents assets) measured at fair value on recurring basis | 47,656 | 44,401 | ||||||||
| Derivative Assets measured at fair value on recurring basis | 910 | 585 | ||||||||
| Fair Value, Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items] | ||||||||||
| Derivative Liabilities measured at fair value on recurring basis | 16,024 | 25,758 | ||||||||
| Net unrealized gain (loss) due to change in fair value of derivative instruments | $ 7,711 | $ 10,331 | $ 10,059 | $ 17,196 | ||||||
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position liability caption which represents a class of liabilities, or which may include an individual liability, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increases (decreases) in the market value of derivative instruments, including options, swaps, futures, and forward contracts, which were included in earnings in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maximum potential of earn out period. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate amount assigned to a major class of finite-lived intangible assets acquired either individually or as part of a group of assets (in either an asset acquisition or business combination). A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The calculated weighted-average amortization period of a major class of finite-lived intangible assets acquired during the current period either individually or as part of a group of assets (in either an asset acquisition or business combination). A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, as of the acquisition date, of potential payments under the contingent consideration arrangement including cash and shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of potential cash payments that could result from the contingent consideration arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of noncash consideration given by the acquirer to acquire the entity. Does not include cash paid, the fair value of debt and securities issued and liabilities incurred to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of deferred tax assets or liabilities for the differences between the values assigned and the tax bases of assets and liabilities in a business combination, net of any valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate amount of amortization expense recognized for intangible asset during the period. A recognized intangible asset shall be amortized over its estimated useful life to the reporting entity unless that life is determined to be indefinite. If an intangible asset has a finite useful life, but the precise length of that life is not known, that intangible asset shall be amortized over the best estimate of its useful life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the gross carrying amounts before accumulated amortization as of the balance sheet date of all intangible assets having statutory or estimated useful lives. The aggregate gross carrying amount (including any previously recognized impairment charges) of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The maximum useful life of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar either by their nature or by their use in the operations of a company. No definition available.
|
|
Reorganization and Expense-Reduction Program Costs (Details) (Facility costs [Member], USD $)
In Thousands, unless otherwise specified |
6 Months Ended |
|---|---|
|
Jul. 02, 2011
|
|
|
2011 [Member]
|
|
| Remaining liabilities and payment activities | |
| Outstanding Liability, Beginning Balance | $ 8,036 |
| Amounts Paid and Charged Against the Liability | (1,460) |
| Adjustments | (97) |
| Outstanding Liability, Ending Balance | 6,479 |
|
Prior To 2006 Actions [Member]
|
|
| Remaining liabilities and payment activities | |
| Outstanding Liability, Beginning Balance | 4,803 |
| Amounts Paid and Charged Against the Liability | (406) |
| Adjustments | 82 |
| Outstanding Liability, Ending Balance | $ 4,479 |
| X | ||||||||||
|
- Definition
Restructuring reserve settled with and without cash. No definition available.
|
| X | ||||||||||
|
- Definition
Restructuring reserve translation and accrual adjustment. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination and to asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Reorganization and Expense-Reduction Program Costs (Details Textuals) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended |
|---|---|
|
Jul. 02, 2011
|
|
|
2011 [Member]
|
|
| Reorganization and Expense-Reduction Program Costs (Textuals) [Abstract] | |
| Foreign currency impact | $ 172 |
|
Prior To 2006 Actions [Member]
|
|
| Reorganization and Expense-Reduction Program Costs (Textuals) [Abstract] | |
| Foreign currency impact | 82 |
|
EMEA [Member]
|
|
| Reorganization and Expense-Reduction Program Costs (Textuals) [Abstract] | |
| Reorganization liabilities | $ 269 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of any reversal and other adjustment made during the period to the amount of a previously accrued liability for a specified type of restructuring cost, excluding adjustments for costs incurred during the period, costs settled during the period, and foreign currency translation adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of foreign currency translation adjustment increasing or decreasing the accrual for a specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Debt (Details)
In Thousands, unless otherwise specified |
Jul. 02, 2011
USD ($)
|
Jan. 01, 2011
USD ($)
|
Jul. 02, 2011
Financing Program, North America [Member]
USD ($)
|
Jan. 01, 2011
Financing Program, North America [Member]
USD ($)
|
Apr. 30, 2010
Financing Program, North America [Member]
USD ($)
|
May 31, 2011
Multi Currency Financing Program, Terminated, Asia Pacific [Member]
AUD
|
Jul. 02, 2011
New multi-currency financing program, Asia-Pacific [Member]
USD ($)
|
Jul. 02, 2011
New multi-currency financing program, Asia-Pacific [Member]
AUD
|
Jan. 01, 2011
New multi-currency financing program, Asia-Pacific [Member]
USD ($)
|
Jul. 02, 2011
Senior unsecured notes, 5.25% due 2017 [Member]
USD ($)
|
Jan. 01, 2011
Senior unsecured notes, 5.25% due 2017 [Member]
USD ($)
|
Jul. 02, 2011
Senior unsecured term loan [Member]
USD ($)
|
Jan. 01, 2011
Senior unsecured term loan [Member]
USD ($)
|
Jul. 02, 2011
Lines of credit and other debt [Member]
USD ($)
|
Jan. 01, 2011
Lines of credit and other debt [Member]
USD ($)
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Carrying value of outstanding debt | |||||||||||||||
| Total debt, current and non-current | $ 642,621 | $ 636,401 | $ 300,000 | $ 300,000 | $ 234,914 | $ 243,627 | $ 107,707 | $ 92,774 | |||||||
| Short-term debt and current maturities of long-term debt | (120,207) | (105,274) | |||||||||||||
| Long-term debt, less current maturities | 522,414 | 531,127 | |||||||||||||
| Debt (Textuals) [Abstract] | |||||||||||||||
| Borrowing capacity of revolving trade accounts receivable-backed financing programs | 500,000 | 210,000 | 172,000 | 160,000 | |||||||||||
| Borrowings outstanding under revolving trade accounts receivable-backed financing program | 0 | 0 | 0 | 0 | |||||||||||
| Maximum borrowing capacity of revolving trade accounts receivable-backed financing programs | $ 700,000 | ||||||||||||||
| Senior unsecured notes due 2017 | 5.25% |
| X | ||||||||||
|
- Definition
Total current debt and non current. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity of revolving trade accounts receivable-backed financing programs. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance-sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Income Taxes (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jan. 01, 2011
|
|
| Income Taxes (Textuals) | |||||
| Effective tax rate | 28.70% | 28.50% | 29.80% | 28.10% | |
| Effective tax rate - US Federal statutory rate | 35.00% | ||||
| Gross unrecognized tax benefits | $ 23,070 | $ 23,070 | $ 23,641 | ||
| Net Decrease in unrecognized tax benefits | 571 | ||||
| Interest and penalties on unrecognized tax benefits | $ 5,039 | $ 5,039 | $ 3,006 | ||
| Tax years under audit by the IRS | 2007 to 2009 | ||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate shall be the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The tax year(s) being audited in connection with the income tax examination. No definition available.
|
| X | ||||||||||
|
- Definition
The gross amount of unrecognized tax benefits (tax reductions recognized in financial reports but excluded from tax returns) pertaining to uncertain tax positions taken in tax returns as of the beginning balance sheet date, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the total of accruals as of the date of the statement of financial position for interest recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties for a tax position claimed or expected to be claimed by the entity, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount of all increases and decreases in unrecognized tax benefits for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Segment Information (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jul. 02, 2011
|
Jul. 03, 2010
|
Jan. 01, 2011
|
|
| Financial information by geographic segment | |||||
| Net sales | $ 8,749,025 | $ 8,156,328 | $ 17,472,737 | $ 16,252,282 | |
| Financial information by geographic segment | |||||
| Income from operations | 97,148 | 104,576 | 197,202 | 210,265 | |
| Stock-based compensation expense | (10,331) | (7,034) | (15,988) | (11,065) | |
| Capital expenditures | 28,046 | 18,393 | 60,921 | 34,702 | |
| Depreciation and amortization | 14,243 | 16,070 | 28,167 | 32,034 | |
| Identifiable assets | 8,919,218 | 8,919,218 | 9,084,032 | ||
|
North America [Member]
|
|||||
| Financial information by geographic segment | |||||
| Net sales | 3,760,429 | 3,558,789 | 7,266,862 | 6,850,775 | |
| Financial information by geographic segment | |||||
| Income from operations | 67,589 | 54,708 | 126,736 | 96,624 | |
| Capital expenditures | 25,288 | 14,136 | 52,779 | 26,758 | |
| Depreciation and amortization | 8,374 | 9,096 | 16,533 | 17,849 | |
| Identifiable assets | 3,960,001 | 3,960,001 | 3,862,870 | ||
|
EMEA [Member]
|
|||||
| Financial information by geographic segment | |||||
| Net sales | 2,640,120 | 2,371,505 | 5,516,354 | 5,036,915 | |
| Financial information by geographic segment | |||||
| Income from operations | 16,914 | 22,290 | 48,997 | 57,151 | |
| Capital expenditures | 1,061 | 1,511 | 2,058 | 2,468 | |
| Depreciation and amortization | 3,449 | 3,055 | 6,801 | 6,352 | |
| Identifiable assets | 2,838,607 | 2,838,607 | 3,122,435 | ||
|
Asia Pacific [Member]
|
|||||
| Financial information by geographic segment | |||||
| Net sales | 1,961,844 | 1,866,141 | 3,895,840 | 3,634,540 | |
| Financial information by geographic segment | |||||
| Income from operations | 16,496 | 29,787 | 24,710 | 56,314 | |
| Capital expenditures | 1,615 | 2,204 | 5,935 | 3,131 | |
| Depreciation and amortization | 1,759 | 3,247 | 3,471 | 6,563 | |
| Identifiable assets | 1,734,785 | 1,734,785 | 1,635,544 | ||
|
Latin America [Member]
|
|||||
| Financial information by geographic segment | |||||
| Net sales | 386,632 | 359,893 | 793,681 | 730,052 | |
| Financial information by geographic segment | |||||
| Income from operations | 6,480 | 4,825 | 12,747 | 11,241 | |
| Capital expenditures | 82 | 542 | 149 | 2,345 | |
| Depreciation and amortization | 661 | 672 | 1,362 | 1,270 | |
| Identifiable assets | $ 385,825 | $ 385,825 | $ 463,183 | ||
| X | ||||||||||
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- Details
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Additional potential liability arising from assessment for interest and adjustment for inflation. No definition available.
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- Definition
Amount of interest assessed related to commercial taxes. No definition available.
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- Definition
Amount of taxes and penalties assessed related to commercial taxes. No definition available.
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- Definition
Exchange conversion rate of foreign currency into reporting currency. No definition available.
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- Definition
Maximum amount of reimbursement to third party. No definition available.
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- Definition
Net sales under guarantees to third parties arrangements. No definition available.
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- Definition
Principal amount of commercial taxes assessed. No definition available.
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