Document and Entity Information (USD $)
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9 Months Ended | |
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Oct. 01, 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 | Oct. 01, 2011 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2011 | |
Document Fiscal Period Focus | Q3 | |
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) | 153,401,199 |
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If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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End date of current fiscal year in the format --MM-DD. No definition available.
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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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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. 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, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM 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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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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- 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 period 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, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, 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 are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable 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). 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 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. 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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- Details
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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 disclosed 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. 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. 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
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). 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, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. 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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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. 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 |
Oct. 01, 2011
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Jan. 01, 2011
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Current assets: | ||
Allowances for trade accounts receivable | $ 66,205 | $ 75,794 |
Stockholders' equity: | ||
Preferred Stock, par value | $ 0.01 | $ 0.01 |
Preferred Stock, shares authorized | 25,000 | 25,000 |
Preferred Stock, shares issued | ||
Preferred Stock, shares outstanding | ||
Treasury stock, shares | 31,487 | 23,713 |
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 | 184,888 | 182,458 |
Common Stock, shares outstanding | 153,401 | 158,745 |
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 | ||
Common Stock, shares outstanding |
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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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- 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. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. 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 | 9 Months Ended | ||
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Oct. 01, 2011
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Oct. 02, 2010
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Oct. 01, 2011
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Oct. 02, 2010
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Consolidated Statement of Income [Abstract] | ||||
Net sales | $ 8,903,020 | $ 8,453,835 | $ 26,375,757 | $ 24,706,117 |
Cost of sales | 8,462,300 | 8,000,310 | 25,021,733 | 23,373,677 |
Gross profit | 440,720 | 453,525 | 1,354,024 | 1,332,440 |
Operating expenses: | ||||
Selling, general and administrative | 354,185 | 346,614 | 1,070,556 | 1,015,622 |
Reorganization costs (credits) | 1,156 | 887 | (358) | |
Total operating expenses | 355,341 | 346,614 | 1,071,443 | 1,015,264 |
Income from operations | 85,379 | 106,911 | 282,581 | 317,176 |
Other expense (income): | ||||
Interest income | (1,432) | (1,334) | (4,056) | (3,447) |
Interest expense | 13,048 | 11,545 | 40,561 | 25,015 |
Net foreign currency exchange loss (gain) | (1,348) | 4,899 | (1,313) | 6,576 |
Loss from settlement of interest rate swap and senior unsecured term loan | 5,624 | 5,624 | ||
Other | 2,393 | 3,239 | 9,444 | 8,515 |
Total other expense (income) | 18,285 | 18,349 | 50,260 | 36,659 |
Income before income taxes | 67,094 | 88,562 | 232,321 | 280,517 |
Provision for income taxes | 43,768 | 23,573 | 92,954 | 77,473 |
Net income | $ 23,326 | $ 64,989 | $ 139,367 | $ 203,044 |
Basic earnings per share | $ 0.15 | $ 0.41 | $ 0.88 | $ 1.26 |
Diluted earnings per share | $ 0.15 | $ 0.41 | $ 0.86 | $ 1.23 |
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- Definition
Loss from settlement of interest rate swap and senior unsecured term loan. No definition available.
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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 (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units 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 (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 (losses) may be disclosed as dealer gains (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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, 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 or benefit and the deferred income tax expense or 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 profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or 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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- Details
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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 income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. 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 associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations. 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
Loss from settlement of interest rate swap and senior unsecured term loan. 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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- Details
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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 are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. 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 increase (decrease) 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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X | ||||||||||
- 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 equity-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 equity-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-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 increase (decrease) during the reporting period in the aggregate amount 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) 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 increase (decrease) 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 increase (decrease) in cash during the period due to the net increase or decrease in book overdrafts. No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) 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 increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net cash inflow or 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. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. 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 cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or 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. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt. 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 or unit options, amortization of restricted stock or units, 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
|
Organization and Basis of Presentation
|
9 Months Ended |
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Oct. 01, 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 October 1, 2011,
our consolidated results of operations for the thirteen and thirty-nine weeks ended October 1, 2011
and October 2, 2010 and our consolidated cash flows for the thirty-nine weeks ended October 1, 2011
and October 2, 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 thirty-nine weeks ended October 1, 2011 may not be indicative of the
consolidated results of operations that can be expected for the full year.
Book Overdrafts
Book overdrafts of $472,533 and $517,107 as of October 1, 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 October
1, 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 large 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 $54,000, at October 1, 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 October 1, 2011 and January 1, 2011, we had a total of $169,873 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 $666 and $596 for the thirteen weeks ended October
1, 2011 and October 2, 2010, respectively, and $2,239 and $596 for the thirty-nine weeks ended
October 1, 2011 and October 2, 2010, respectively, 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.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share Repurchases
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 01, 2011
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Share Repurchases and Comprehensive Income (Loss) [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 thirty-nine weeks
ended October 1, 2011 and October 2, 2010 are summarized in the table below.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The entire disclosure for 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 number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, 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.
|
Earnings Per Share
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 01, 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 4,452 and 7,525 stock-based awards for the thirteen weeks ended
October 1, 2011 and October 2, 2010, respectively, and 2,304 and 5,654 stock-based awards for the
thirty-nine weeks ended October 1, 2011 and October 2, 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.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation
|
9 Months Ended |
---|---|
Oct. 01, 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, 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 October 1, 2011 or October 2,
2010, while restricted stock and restricted stock units granted were
16 for both periods.
Stock options granted during the thirty-nine weeks ended October 1, 2011 and October 2, 2010 were
39 and 48, respectively, and restricted stock and restricted stock units granted were 1,775 and
1,817, respectively. As of October 1, 2011, approximately 15,600 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 October 1, 2011 and October 2, 2010
was $9,080 and $7,149, respectively, and the related income tax benefit was approximately $2,200
and $1,700, respectively. Stock-based compensation expense for the thirty-nine weeks ended October
1, 2011 and October 2, 2010 was $25,068 and $18,214, respectively, and the related income tax
benefit was approximately $6,700 and $5,200, respectively.
During the thirteen weeks ended October 1, 2011 and October 2, 2010, a total of 184 and 83
stock options, respectively, were exercised, and 11 and 12 restricted stock and restricted stock
units vested, respectively. For the thirty-nine weeks ended October 1, 2011 and October 2, 2010, a
total of 2,195 and 884 stock options, respectively, were exercised, and 1,099 and 744 restricted
stock and restricted stock units vested, respectively. During the thirty-nine weeks ended October
1, 2011 and October 2, 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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-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
|
Comprehensive Income (Loss)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 01, 2011
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Share Repurchases and 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, fair value adjustments to our interest rate swap
agreement, which we settled in September 2011 (see Note 10), and foreign currency forward contracts designated as cash flow hedges.
|
X | ||||||||||
- Definition
The entire disclosure for comprehensive income. Includes, but is not limited to, 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 (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 (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 (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 (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
|
X | ||||||||||
- Details
|
Derivative Financial Instruments
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 01, 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 from our derivative instruments, including ineffectiveness,
was a net gain (loss) of $35,645 and $(51,803) for the thirteen weeks ended October 1, 2011 and
October 2, 2010, respectively, and a net gain (loss) of $(5,310) and $1,619 for the thirty-nine
weeks ended October 1, 2011 and October 2, 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 $5,530 and $1,660 during the thirteen weeks ended
October 1, 2011 and October 2, 2010, respectively, and $9,166 and $(2,334), net of taxes, during
the thirty-nine weeks ended October 1, 2011 and October 2, 2010, respectively, were reflected in
accumulated other comprehensive income associated with our cash flow hedging transactions.
Cash Flow and Other Hedges
Our designated hedges consisted of an interest rate swap to hedge variable interest rates on a
portion of our senior unsecured term loan, which we terminated upon repaying the underlying loan in September 2011 (see Note 10), 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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The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, 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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9 Months Ended |
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Oct. 01, 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 October 1, 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 $633,922 and $532,985, respectively, and marketable trading
securities (included in other currents assets in our consolidated balance sheet) of $41,740 and
$44,401, respectively, both determined based on Level 1 criteria, as defined above, and derivative
assets of $17,446 and $585, respectively, and derivative liabilities of $210 and $25,758,
respectively, determined based on Level 2 criteria. The change in the fair value of derivative
instruments was a net unrealized gain (loss) of $32,350 and $(15,853) for the thirteen weeks ended
October 1, 2011 and October 2, 2010, respectively, and a net unrealized gain of $42,409 and $1,343
for the thirty-nine weeks ended October 1, 2011 and October 2, 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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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial 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 entity 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 risks 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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9 Months Ended |
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Oct. 01, 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.
In the first nine months of 2010, we acquired all of the outstanding shares of interAct BVBA
and Albora Soluciones SL 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 $8,329, which has been allocated to the assets acquired and
liabilities assumed based on their estimated fair values on the transaction dates, resulting in
identifiable intangible assets of $6,044, primarily related to vendor and customer relationships
with estimated useful lives of 10 years and deferred tax liabilities of $1,840 related to the
intangible assets, none of which are deductible for income tax purposes.
All acquisitions for the periods presented above were not material, individually or in the
aggregate, to us as a whole and therefore, pro-forma financial information has not been presented.
The gross carrying amounts of finite-lived identifiable intangible assets of $183,196 and
$179,267 at October 1, 2011 and January 1, 2011, respectively, are amortized over their remaining
estimated lives ranging up to 17 years. The net carrying amount was $76,678 and $81,992 at October
1, 2011 and January 1, 2011, respectively. Amortization expense was $2,976 and $4,431 for the
thirteen weeks ended October 1, 2011 and October 2, 2010, respectively, and $9,431 and $13,082 for
the thirty-nine weeks ended October 1, 2011 and October 2, 2010, respectively.
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Acquisitions and Intangible Assets. No definition available.
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Reorganization and Expense-Reduction Program Costs
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Reorganization and Expense-Reduction Program Costs |
Note 9 — Reorganization and Expense-Reduction Program Costs
During the third quarter of 2011, we implemented a cost-reduction program related to our
Australian operations in Asia-Pacific primarily to align our level of operating expenses with
declines in sales volume as a result of the system-implementation complications and loss of market-share
in that country. The reorganization costs of $924 relate to employee termination
benefits for workforce reductions for 16 employees. The reorganization costs and activities
associated with these actions are summarized in the table below for the thirteen weeks ended October
1, 2011:
Adjustments reflected in the table above include the net foreign currency impact that
decreased the U.S. dollar liability by $53. We expect the remaining liabilities, all of which are
associated with workforce reductions, to be substantially utilized by the end of 2011.
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 thirty-nine weeks ended October 1,
2011:
Adjustments
reflected in the table above include a net reduction of $37 to reorganization
liabilities, consisting of two adjustments to reorganization liabilities recorded in prior years: a credit of $269 recorded in the first quarter of 2011 in EMEA for lower than expected costs associated with facility consolidations, partially offset by a charge of $232 recorded in the third quarter of 2011 in North
America related to a true-up for greater than expected costs associated with facility consolidations. Also included in the adjustments is a net foreign currency impact that
decreased the U.S. dollar liability by $85. 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 thirty-nine weeks ended
October 1, 2011:
Adjustments reflected in the table above include the net foreign currency impact that
decreased the U.S. dollar liability by $74. 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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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt
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Oct. 01, 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 October 1, 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
borrowing capacity of up to 160,000 Australian dollars, or approximately $156,000 at October 1,
2011. The new financing program matures in May 2014. The interest rate for this 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. At October 1, 2011 and January
1, 2011, we had borrowings of $16,531 and $0, respectively, under these Asia-Pacific financing
programs.
In September 2011,
we terminated our senior unsecured term loan credit facility with a bank syndicate in North America. We repaid our outstanding balance of $225,000 with our available cash.
Concurrently with the termination of our senior unsecured term loan facility, we
settled our interest rate swap agreement with a notional amount of $175,000 of the term loan
principal amount at that date, which had been accounted for as a cash flow hedge. Both terminations
resulted in an aggregate loss of approximately $5,624 consisting of a loss of $5,377 on the
settlement of our interest rate swap agreement and a write-off totaling $247 of our remaining
unamortized deferred financing costs associated with the terminated facility.
In September 2011, we also terminated our $275,000 revolving senior unsecured credit facility. We replaced this facility on the same day with a new $750,000 revolving senior
unsecured credit facility from a syndicate of multinational banks. The new credit facility matures
in September 2016. The interest rate on the new revolving senior unsecured credit facility is
based on LIBOR, plus a predetermined margin that is based on our debt ratings and leverage ratio.
We had no borrowings at October 1, 2011 and January 1, 2011 under this credit
facility. This credit facility may also be used to issue letters of credit. At October 1, 2011
and January 1, 2011, letters of credit of $4,250 and $5,000, respectively, were issued under the
new and terminated facilities, respectively, to certain vendors and financial institutions to
support purchases by our subsidiaries, payment of insurance premiums and flooring arrangements.
Our available capacity under the agreement is reduced by the amount of any outstanding letters of
credit.
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The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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9 Months Ended |
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Oct. 01, 2011
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Income Taxes [Abstract] | |
Income Taxes |
Note 11 — Income Taxes
Our effective tax rate for the thirteen weeks ended October 1, 2011 was 65.2% as compared to
26.6% for the thirteen weeks ended October 2, 2010. For the thirty-nine weeks ended October 1,
2011 and October 2, 2010, our effective tax rate was 40.0% and 27.6%, respectively. Under U.S.
accounting rules for income taxes, quarterly effective tax rates may vary significantly depending
on the actual operating results in the various tax jurisdictions, as well as changes in the
valuation allowance related to the expected recovery of our deferred tax assets. The
year-over-year increase in effective tax rate is primarily attributable to a non-cash charge to record valuation allowance of
$24,810 recorded during the quarter ended October 1, 2011 to establish a full reserve on all
deferred tax assets of our operations in Brazil. In addition to the impact of the valuation allowance, the change in our
effective tax rate also reflects the change in mix of profit among different tax jurisdictions and
losses in other tax jurisdictions in which we are not able to record a tax benefit.
We record net deferred
tax assets to the extent we believe these assets will more likely than not be realized. In making such
determination, we consider all available positive and negative evidence, including future reversals of existing
taxable temporary differences, projected future taxable income, tax planning strategies and recent financial
performance. After multiple years of profitability, our operational performance in Brazil has weakened over the
last two years. Although net operating losses in Brazil can be carried forward indefinitely, and despite continuing
to execute against our performance improvement plan and making progress in re-staffing key management positions
through the first three quarters of 2011, such progress has been slower than originally planned and, as
of October 1, 2011, we are now forecasting a third consecutive
year of pre-tax losses. As a result, we now believe the weight of objectively verifiable negative evidence, which
includes a longer period of time since the Brazilian business unit was profitable and a later return to
profitability than we originally envisioned entering 2011, now outweighs the positive evidence. Given the relative weight placed on the negative evidence of
recent losses and our continued weak performance through the first three quarters of 2011, we no longer believe
it is more likely than not, as that term is defined by the applicable U.S. GAAP guidance, that we will realize
any of the deferred tax assets attributable to our operations in Brazil as of October 1, 2011. We will
continue to work on improving the performance of our operations in
Brazil and will monitor for objectively verifiable positive evidence that may alter our conclusion as to the likelihood of
realizing such deferred tax assets in future periods.
At October 1, 2011, our
deferred tax assets totaled $415,333 ($176,563 net of valuation allowances), approximately 47% of
which related to net operating loss carryforwards. In our Australian operation, we had deferred
tax assets of $20,549 at October 1, 2011. This included net
operating loss carryforwards of $11,503 generated entirely during 2011 for that
entity, which are allowed to be carried forward indefinitely to offset future taxable
income under Australian law. As of October 1, 2011, we
believe it is more likely than not that the Australian deferred tax
asset will be realized. We monitor our other deferred tax assets
for realizability in a similar manner to those described
above and will record a valuation allowance if circumstances change and we believe the weight
of objectively verifiable positive evidence no longer exceeds the negative evidence in each case.
At October 1, 2011, we had gross unrecognized tax benefits of $26,224 compared to $23,641 at
January 1, 2011, representing a net increase of $2,583 during the first nine months 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 $5,328 at October 1, 2011,
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 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. 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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The entire disclosure for income taxes. Disclosures may 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 expense
(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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- Definition
The entire disclosure for 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 percent 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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9 Months Ended |
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Oct. 01, 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 $6,900 and $7,600 at October 1, 2011
and January 1, 2011, respectively, based on the exchange rate prevailing on those dates of 1.854
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 $14,100 as of October 1, 2011 based on the exchange
rate prevailing on that date of 1.854 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 $29,700
based upon an October 1, 2011 exchange rate of 1.854 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 97,400 Brazilian reais or
approximately $52,500 at October 1, 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 thirty-nine week periods ended October 1, 2011 and
October 2, 2010. The guarantees require us to reimburse the third party for defaults by these
customers up to an aggregate of $11,000. 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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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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New Accounting Standards
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9 Months Ended |
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Oct. 01, 2011
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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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The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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New Accounting Standards (Policies)
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9 Months Ended |
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Oct. 01, 2011
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New Accounting Standards [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.
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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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- Definition
Disclosure of 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 is generally 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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- Definition
Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share Repurchases (Tables)
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Oct. 01, 2011
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Share Repurchases and Comprehensive Income (Loss) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share Repurchases |
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Tabular disclosure of 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 number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share (Tables)
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Oct. 01, 2011
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share |
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Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
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Comprehensive Income (Loss) (Tables)
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Oct. 01, 2011
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Share Repurchases and Comprehensive Income (Loss) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Comprehensive Income (Loss) |
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Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (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; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (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; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (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
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Derivative Financial Instruments (Tables)
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Oct. 01, 2011
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Derivative Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amounts and fair values of derivative instruments |
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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reorganization and Expense-Reduction Program Costs (Tables)
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Oct. 01, 2011
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Reorganization and Expense-Reduction Program Costs [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reorganization costs and activities |
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Remaining liabilities and payment activities |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 01, 2011
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Debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value of outstanding debt |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Information (Tables)
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oct. 01, 2011
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Segment Information [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial information by geographic segment |
|
X | ||||||||||
- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
Organization and Basis of Presentation (Details)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Oct. 01, 2011
USD ($)
|
Oct. 02, 2010
USD ($)
|
Oct. 01, 2011
USD ($)
|
Oct. 02, 2010
USD ($)
|
Jan. 01, 2011
USD ($)
|
Oct. 01, 2011
North America [Member]
USD ($)
|
Oct. 01, 2011
EMEA [Member]
USD ($)
|
Oct. 01, 2011
EMEA [Member]
EUR (€)
|
|
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||||||
Amount of receivable that may be factored | $ 150,000 | $ 54,000 | € 40,000 | |||||
Organization and Basis of Presentation (Textual) [Abstract] | ||||||||
Book Overdrafts | 472,533 | 472,533 | 517,107 | |||||
Trade accounts receivable sold to and held by financial institutions under uncommitted factoring programs. | 169,873 | 169,873 | 112,484 | |||||
Factoring fees | $ 666 | $ 596 | $ 2,239 | $ 596 |
X | ||||||||||
- Definition
Amount of receivable that may be factored. No definition available.
|
X | ||||||||||
- Definition
Checks issued on disbursement bank accounts but not yet paid by such banks. No definition available.
|
X | ||||||||||
- Definition
Fee associated with the factoring program. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Trade accounts receivable sold to and held by financial institutions under uncommitted factoring programs. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
Issued Class A common stock, weighted average price per share. No definition available.
|
X | ||||||||||
- Details
|
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 (units) reissued during the period, excluding reissuance of shares (units) held in treasury used to satisfy equity-based compensation obligations exercised by the holders of such rights. Upon reissuance of shares (units) from treasury, either the common or preferred stock (unit) reissued is outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of treasury stock (units) reissued during the period, excluding reissuance of shares (units) held in treasury used to satisfy equity-based compensation obligations exercised by the holders of such rights. Upon reissuance of shares (units) from treasury, either the common or preferred stock (unit) reissued is outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total cost of shares repurchased divided by the total number of shares repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share Repurchases (Details Textual) (USD $)
In Thousands, unless otherwise specified |
1 Months Ended |
---|---|
Oct. 31, 2010
|
|
Share Repurchases (Textual) [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 | 9 Months Ended | ||
---|---|---|---|---|
Oct. 01, 2011
|
Oct. 02, 2010
|
Oct. 01, 2011
|
Oct. 02, 2010
|
|
Earnings Per Share | ||||
Net income | $ 23,326 | $ 64,989 | $ 139,367 | $ 203,044 |
Weighted average shares | 153,759 | 156,774 | 157,883 | 161,431 |
Basic EPS | $ 0.15 | $ 0.41 | $ 0.88 | $ 1.26 |
Weighted average shares, including the dilutive effect of stock-based awards (3,008 and 2,782 for the thirteen weeks ended October 1, 2011 and October 2, 2010, respectively, and 3,660 and 3,192 for the thirty-nine weeks ended October 1, 2011 and October 2, 2010, respectively) | 156,767 | 159,556 | 161,543 | 164,623 |
Diluted EPS | $ 0.15 | $ 0.41 | $ 0.86 | $ 1.23 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Share (Details Textual)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 01, 2011
|
Oct. 02, 2010
|
Oct. 01, 2011
|
Oct. 02, 2010
|
|
Earnings Per Share (Textual) [Abstract] | ||||
Stock-based awards excluded from the computation of Diluted Earnings Per Share | 4,452 | 7,525 | 2,304 | 5,654 |
Weighted average shares, including the dilutive effect of stock-based awards | 3,008 | 2,782 | 3,660 | 3,192 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Stock-based awards excluded from the computation of diluted earnings per share. No definition available.
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Oct. 01, 2011
|
Jul. 02, 2011
|
Oct. 02, 2010
|
Oct. 01, 2011
|
Oct. 02, 2010
|
|
Stock-Based Compensation (Textual) [Abstract] | |||||
Increase in number of shares to be issued under the 2011 Incentive Plan | 13,500 | ||||
Stock options granted under the 2011 Incentive Plan | 0 | 0 | 39 | 48 | |
Restricted stock and restricted stock units granted under the 2011 Incentive Plan | 16 | 16 | 1,775 | 1,817 | |
Approximate number of shares available for grant under the 2011 Incentive Plan | 15,600 | 15,600 | |||
Stock-based compensation expense | $ 9,080 | $ 7,149 | $ 25,068 | $ 18,214 | |
Income tax benefit related to stock-based compensation expense | $ 2,200 | $ 1,700 | $ 6,700 | $ 5,200 | |
Stock options exercised | 184 | 83 | 2,195 | 884 | |
Restricted stock and restricted stock units vested | 11 | 12 | 1,099 | 744 | |
Shares cancelled as performance measures for certain performance-based grants were not met | 772 | 492 |
X | ||||||||||
- Definition
Increase in number of shares to be issued under the 2011 Incentive Plan. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total recognized tax benefit related to compensation cost for equity-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 or unit options, amortization of restricted stock or units, 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 equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Comprehensive Income (Loss) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 01, 2011
|
Oct. 02, 2010
|
Oct. 01, 2011
|
Oct. 02, 2010
|
|
Summary of Comprehensive Income (Loss) | ||||
Net income | $ 23,326 | $ 64,989 | $ 139,367 | $ 203,044 |
Changes in foreign currency translation adjustments and other | (116,432) | 116,638 | (20,919) | 1,357 |
Comprehensive income (loss) | $ (93,106) | $ 181,627 | $ 118,448 | $ 204,401 |
X | ||||||||||
- Definition
Other comprehensive income consists primarily of foreign currency translation adjustments, fair value adjustments to interest rate swap agreement and foreign currency forward contracts designated as cash flow hedges. 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 profit or loss for the period, net of income taxes, which is attributable to the parent. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Oct. 01, 2011
|
Oct. 02, 2010
|
Oct. 01, 2011
|
Oct. 02, 2010
|
Oct. 01, 2011
Fair Value, Inputs, Level 1 [Member]
Fair Value, Measurements, Recurring [Member]
|
Jan. 01, 2011
Fair Value, Inputs, Level 1 [Member]
Fair Value, Measurements, Recurring [Member]
|
Oct. 01, 2011
Fair Value, Inputs, Level 2 [Member]
Fair Value, Measurements, Recurring [Member]
|
Jan. 01, 2011
Fair Value, Inputs, Level 2 [Member]
Fair Value, Measurements, Recurring [Member]
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Cash equivalents measured at fair value on recurring basis | $ 633,922 | $ 532,985 | ||||||
Marketable trading securities (included in other currents assets) measured at fair value on recurring basis | 41,740 | 44,401 | ||||||
Derivative Assets measured at fair value on recurring basis | 17,446 | 585 | ||||||
Derivative Liabilities measured at fair value on recurring basis | 210 | 25,758 | ||||||
Net unrealized gain (loss) due to change in fair value of derivative instruments | $ 32,350 | $ (15,853) | $ 42,409 | $ 1,343 |
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item 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 Company 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Derivative instrument obligations meeting the definition of a liability which the Company is a party to as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum potential earn out, payment 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 intangible asset amortization recognized as expense during the period. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Reorganization and Expense-Reduction Program Costs (Details) (Employee Termination Benefits [Member], USD $)
In Thousands, unless otherwise specified |
3 Months Ended |
---|---|
Oct. 01, 2011
|
|
Employee Termination Benefits [Member]
|
|
Reorganization costs and activities | |
Reorganization Costs | $ 924 |
Amounts Paid and Charged Against the Liability | (535) |
Adjustments | (53) |
Remaining Liability, Ending Balance | $ 336 |
X | ||||||||||
- Details
|
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reserve increase representing the amount charged against earnings in the period for a specified incurred and estimated type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. 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
|
Reorganization and Expense Reduction Program Costs (Details 1) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended |
---|---|
Oct. 01, 2011
|
|
2008-2009 Actions [Member]
|
|
Remaining liabilities and payment activities | |
Adjustments | $ (85) |
2008-2009 Actions [Member] | Facility costs [Member]
|
|
Remaining liabilities and payment activities | |
Outstanding Liability, Beginning Balance | 8,036 |
Amounts Paid and Charged Against the Liability | (1,732) |
Adjustments | (122) |
Remaining Liability, Ending Balance | 6,182 |
Prior To 2006 Actions [Member] | Facility costs [Member]
|
|
Remaining liabilities and payment activities | |
Outstanding Liability, Beginning Balance | 4,803 |
Amounts Paid and Charged Against the Liability | (721) |
Adjustments | (74) |
Remaining Liability, Ending Balance | $ 4,008 |
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of change in the restructuring reserve related to foreign currency translation adjustments and any other adjustments not separately disclosed or provided for elsewhere in the Taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Reorganization and Expense-Reduction Program Costs (Details Textual) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|---|
Oct. 01, 2011
|
Oct. 01, 2011
Employee Termination Benefits [Member]
Person
|
Oct. 01, 2011
2008-2009 Actions [Member]
|
Oct. 01, 2011
2008-2009 Actions [Member]
Facility costs [Member]
|
Oct. 01, 2011
Prior To 2006 Actions [Member]
Facility costs [Member]
|
Oct. 01, 2011
EMEA [Member]
2008-2009 Actions [Member]
|
Oct. 01, 2011
North America [Member]
2008-2009 Actions [Member]
|
|
Reorganization and Expense-Reduction Program Costs (Textual) [Abstract] | |||||||
Reorganization liabilities | $ (37) | $ (269) | $ 232 | ||||
Foreign currency impact | (53) | (85) | (122) | (74) | |||
Reorganization costs related to employee termination benefits | $ 924 | ||||||
Number of employee terminations | 16 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of reorganization items related to employee related charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of positions eliminated during the period as a result of restructuring activities. No definition available.
|
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
The amount of change in the restructuring reserve related to foreign currency translation adjustments and any other adjustments not separately disclosed or provided for elsewhere in the Taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt (Details) (USD $)
In Thousands, unless otherwise specified |
Oct. 01, 2011
|
Jan. 01, 2011
|
---|---|---|
Carrying value of outstanding debt | ||
Total debt, current and non-current | $ 439,481 | $ 636,401 |
Short-term debt and current maturities of long-term debt | (122,950) | (105,274) |
Long-term debt, less current maturities | 316,531 | 531,127 |
Senior unsecured notes, 5.25% due 2017 [Member]
|
||
Carrying value of outstanding debt | ||
Total debt, current and non-current | 300,000 | 300,000 |
Asia-Pacific revolving trade accounts receivable-backed financing program [Member]
|
||
Carrying value of outstanding debt | ||
Total debt, current and non-current | 16,531 | 0 |
Senior unsecured term loan [Member]
|
||
Carrying value of outstanding debt | ||
Total debt, current and non-current | 0 | 243,627 |
Lines of credit and other debt [Member]
|
||
Carrying value of outstanding debt | ||
Total debt, current and non-current | $ 122,950 | $ 92,774 |
X | ||||||||||
- Definition
Total debt, current and non current. 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 | ||||||||||
- 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
|
Debt (Details Textual)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Oct. 01, 2011
USD ($)
|
Oct. 01, 2011
USD ($)
|
Oct. 01, 2011
Trade accounts receivable-backed financing program, North America [Member]
USD ($)
|
Jan. 01, 2011
Trade accounts receivable-backed financing program, North America [Member]
USD ($)
|
May 31, 2011
Terminated multi-currency revolving trade accounts receivable-backed financing program, Asia-Pacific [Member]
AUD
|
Jan. 01, 2011
Terminated multi-currency revolving trade accounts receivable-backed financing program, Asia-Pacific [Member]
USD ($)
|
Oct. 01, 2011
New multi-currency revolving trade accounts receivable-backed financing program, Asia-Pacific [Member]
USD ($)
|
Oct. 01, 2011
New multi-currency revolving trade accounts receivable-backed financing program, Asia-Pacific [Member]
AUD
|
Sep. 30, 2011
Terminated revolving senior unsecured credit facility [Member]
USD ($)
|
Jan. 01, 2011
Terminated revolving senior unsecured credit facility [Member]
USD ($)
|
Oct. 01, 2011
New revolving senior unsecured credit facility [Member]
USD ($)
|
Oct. 01, 2011
Terminated senior unsecured term loan credit facility, North America [Member]
USD ($)
|
Oct. 01, 2011
Terminated senior unsecured term loan credit facility, North America [Member]
USD ($)
|
Sep. 30, 2011
Terminated senior unsecured term loan credit facility, North America [Member]
USD ($)
|
Oct. 01, 2011
Terminated Interest Rate Swap [Member]
USD ($)
|
Oct. 01, 2011
Terminated Interest Rate Swap [Member]
USD ($)
|
Sep. 30, 2011
Terminated Interest Rate Swap [Member]
USD ($)
|
|
Debt (Textual) [Abstract] | |||||||||||||||||
Borrowing capacity of various debt instruments | $ 500,000 | 210,000 | $ 156,000 | 160,000 | $ 275,000 | $ 750,000 | |||||||||||
Borrowings outstanding under various debt instruments | 0 | 0 | 0 | 16,531 | 0 | 0 | 225,000 | ||||||||||
Notional amount for settlement of interest rate swap agreement | 175,000 | ||||||||||||||||
Loss from write-off of unamortized deferred financing costs | 247 | 247 | |||||||||||||||
Maximum borrowing capacity of revolving trade accounts receivable-backed financing programs | 700,000 | ||||||||||||||||
Senior unsecured notes due 2017 | 5.25% | 5.25% | |||||||||||||||
Loss from settlement of interest rate swap and senior unsecured term loan | 5,624 | 5,624 | 5,624 | 5,624 | 5,377 | 5,377 | |||||||||||
Issuance of letter of credit under credit facility | $ 5,000 | $ 4,250 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Issuance of letter of credit under credit facility. No definition available.
|
X | ||||||||||
- Definition
Loss from settlement of interest rate swap and senior unsecured term loan. No definition available.
|
X | ||||||||||
- Definition
Maximum borrowing capacity of revolving trade accounts receivable-backed financing programs. No definition available.
|
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 | ||||||||||
- Definition
Aggregate notional amount of all interest rate derivatives designated as hedging instruments in cash flow hedges. Notional amount refers to the monetary amount specified in the interest rate derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Proportion of deferred tax asset related to net operating loss carryforwards. No definition available.
|
X | ||||||||||
- Definition
The sum of the tax effects as of the balance sheet date of the amounts of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws ( before the valuation allowance, if any, to reduce such sum amount to net realizable value). Includes any tax benefit realized in deferred tax assets for significant impacts of tax planning strategies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; net of deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The sum of the portions of deferred tax assets as of the balance sheet date for which, based on the weight of available evidence, it is more likely than not will not be realized through future reductions of tax-based income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 sum of domestic, foreign and state and local operating loss carryforwards, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. 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 | 9 Months Ended | |||
---|---|---|---|---|---|
Oct. 01, 2011
|
Oct. 02, 2010
|
Oct. 01, 2011
|
Oct. 02, 2010
|
Jan. 01, 2011
|
|
Financial information by geographic segment | |||||
Net sales | $ 8,903,020 | $ 8,453,835 | $ 26,375,757 | $ 24,706,117 | |
Income from operations | 85,379 | 106,911 | 282,581 | 317,176 | |
Stock-based compensation expense | (9,080) | (7,149) | (25,068) | (18,214) | |
Capital expenditures | 29,986 | 10,719 | 90,907 | 45,421 | |
Depreciation and amortization | 14,780 | 15,587 | 42,947 | 47,626 | |
Identifiable assets | 8,667,403 | 8,667,403 | 9,084,032 | ||
North America [Member]
|
|||||
Financial information by geographic segment | |||||
Net sales | 3,769,733 | 3,648,297 | 11,036,595 | 10,499,072 | |
Income from operations | 64,247 | 63,507 | 190,984 | 160,131 | |
Capital expenditures | 23,668 | 6,494 | 76,447 | 33,252 | |
Depreciation and amortization | 9,470 | 8,550 | 26,003 | 26,399 | |
Identifiable assets | 3,803,486 | 3,803,486 | 3,862,870 | ||
EMEA [Member]
|
|||||
Financial information by geographic segment | |||||
Net sales | 2,653,054 | 2,479,622 | 8,169,408 | 7,516,537 | |
Income from operations | 16,198 | 18,831 | 65,195 | 75,982 | |
Capital expenditures | 1,517 | 2,024 | 3,575 | 4,492 | |
Depreciation and amortization | 3,129 | 3,119 | 9,930 | 9,476 | |
Identifiable assets | 2,821,852 | 2,821,852 | 3,122,435 | ||
Asia Pacific [Member]
|
|||||
Financial information by geographic segment | |||||
Net sales | 2,059,944 | 1,954,164 | 5,955,784 | 5,588,704 | |
Income from operations | 7,773 | 28,180 | 32,482 | 84,494 | |
Capital expenditures | 4,691 | 2,052 | 10,626 | 5,183 | |
Depreciation and amortization | 1,621 | 3,228 | 5,092 | 9,791 | |
Identifiable assets | 1,655,980 | 1,655,980 | 1,635,544 | ||
Latin America [Member]
|
|||||
Financial information by geographic segment | |||||
Net sales | 420,289 | 371,752 | 1,213,970 | 1,101,804 | |
Income from operations | 6,241 | 3,542 | 18,988 | 14,783 | |
Capital expenditures | 110 | 149 | 259 | 2,494 | |
Depreciation and amortization | 560 | 690 | 1,922 | 1,960 | |
Identifiable assets | $ 386,085 | $ 386,085 | $ 463,183 |
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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 net result for the period of deducting operating expenses from operating revenues. No definition available.
|
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
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
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, 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
Additional potential liability arising from assessment for interest and adjustment for inflation related to a commercial tax based upon sale of software. No definition available.
|
X | ||||||||||
- Definition
Amount of interest and penalties assessed related to commercial taxes on purchases of imported software. No definition available.
|
X | ||||||||||
- Definition
Amount of taxes and penalties assessed related to commercial services taxes based upon sale of software. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum amount of reimbursement to third party. No definition available.
|
X | ||||||||||
- Definition
Net sales under guarantee arrangements to third parties that provide financing. No definition available.
|
X | ||||||||||
- Definition
Principal amount of commercial taxes assessed on purchases of imported software. No definition available.
|
X | ||||||||||
- Definition
The foreign exchange rate used to translate amounts denominated in the functional currency to the reporting currency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|