Document and Entity Information
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9 Months Ended |
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Sep. 28, 2013
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Document Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Sep. 28, 2013 |
Document Fiscal Year Focus | 2013 |
Document Fiscal Period Focus | Q3 |
Trading Symbol | IM |
Entity Registrant Name | INGRAM MICRO INC |
Entity Central Index Key | 0001018003 |
Current Fiscal Year End Date | --12-28 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 154,145,192 |
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CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Sep. 28, 2013
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Dec. 29, 2012
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Allowances for trade accounts receivable | $ 72,695 | $ 78,034 |
Preferred Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred Stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred Stock, shares issued | 0 | 0 |
Preferred Stock, shares outstanding | 0 | 0 |
Treasury stock, shares | 37,563,000 | 38,029,000 |
Class A Common Stock
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Common Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, shares authorized | 500,000,000 | 500,000,000 |
Common Stock, shares issued | 191,708,000 | 188,349,000 |
Common Stock, shares outstanding | 154,145,000 | 150,320,000 |
Class B Common Stock
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Common Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, shares authorized | 135,000,000 | 135,000,000 |
Common Stock, shares issued | 0 | 0 |
Common Stock, shares outstanding | 0 | 0 |
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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 28, 2013
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Sep. 29, 2012
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Sep. 28, 2013
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Sep. 29, 2012
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Income Statement [Abstract] | ||||
Net sales | $ 10,150,615 | $ 9,034,141 | $ 30,721,074 | $ 26,447,417 |
Cost of sales | 9,551,782 | 8,580,249 | 28,941,182 | 25,073,238 |
Gross profit | 598,833 | 453,892 | 1,779,892 | 1,374,179 |
Operating expenses: | ||||
Selling, general and administrative | 442,756 | 353,429 | 1,382,159 | 1,064,853 |
Amortization of intangible assets | 11,638 | 2,546 | 35,400 | 8,177 |
Reorganization costs | 6,748 | 5,268 | 20,050 | 6,664 |
Total operating expenses | 461,142 | 361,243 | 1,437,609 | 1,079,694 |
Income from operations | 137,691 | 92,649 | 342,283 | 294,485 |
Other expense (income): | ||||
Interest income | (2,031) | (1,445) | (5,886) | (7,411) |
Interest expense | 16,032 | 14,946 | 45,973 | 38,252 |
Net foreign exchange loss | 8,117 | 2,204 | 9,865 | 9,564 |
Other | 2,070 | 1,918 | 9,150 | 7,006 |
Total other expense (income) | 24,188 | 17,623 | 59,102 | 47,411 |
Income before income taxes | 113,503 | 75,026 | 283,181 | 247,074 |
Provision for income taxes | 34,565 | 21,715 | 84,798 | 42,516 |
Net income | $ 78,938 | $ 53,311 | $ 198,383 | $ 204,558 |
Basic earnings per share (in dollars per share) | $ 0.51 | $ 0.36 | $ 1.30 | $ 1.36 |
Diluted earnings per share (in dollars per share) | $ 0.50 | $ 0.35 | $ 1.27 | $ 1.33 |
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 28, 2013
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Sep. 29, 2012
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Sep. 28, 2013
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Sep. 29, 2012
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Statement of Partners' Capital [Abstract] | ||||
Net income | $ 78,938 | $ 53,311 | $ 198,383 | $ 204,558 |
Other comprehensive income (loss), net of tax: | ||||
Foreign currency translation adjustment | 28,392 | 48,486 | (37,588) | 16,848 |
Net unrealized gain (loss) on foreign currency forward contracts designated as cash flow hedges | (206) | (184) | 98 | (115) |
Other comprehensive income (loss), net of tax | 28,186 | 48,302 | (37,490) | 16,733 |
Comprehensive income | $ 107,124 | $ 101,613 | $ 160,893 | $ 221,291 |
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Organization and Basis of Presentation
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9 Months Ended |
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Sep. 28, 2013
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Accounting Policies [Abstract] | |
Organization and Basis of Presentation | Organization and Basis of Presentation Ingram Micro Inc. and its subsidiaries are primarily engaged in the distribution of information technology (“IT”) products, supply chain services and mobile device lifecycle services worldwide. Ingram Micro Inc. and its subsidiaries operate in North America; Europe; Asia-Pacific, Middle East and Africa; and Latin America. In 2012, we added a reporting segment for mobility which reflects our October 2012 acquisition of Brightpoint, Inc. (“BrightPoint”). 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 September 28, 2013, our consolidated results of operations and comprehensive income for the thirteen and thirty-nine weeks ended September 28, 2013 and September 29, 2012 and our consolidated cash flows for the thirty-nine weeks ended September 28, 2013 and September 29, 2012. 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 December 29, 2012. The consolidated results of operations for the thirteen and thirty-nine weeks ended September 28, 2013 may not be indicative of the consolidated results of operations that can be expected for the full year. Book Overdrafts Book overdrafts of $469,047 and $415,207 as of September 28, 2013 and December 29, 2012, 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 September 28, 2013 and December 29, 2012, or any balance on any given date. Trade Accounts Receivable Factoring Programs We have three uncommitted factoring programs, one in North America and two in Europe, under which trade accounts receivable of two large customers may be sold, without recourse, to financial institutions. 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 September 28, 2013 and December 29, 2012, we had a total of $329,865 and $242,626, respectively, of trade accounts receivable sold to and held by financial institutions under these programs. Factoring fees of $833 and $553 incurred for the thirteen weeks ended September 28, 2013 and September 29, 2012, respectively, and $1,841 and $2,515 for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively, related to the sale of trade accounts receivable under these facilities are included in “other” in the other expense (income) section of our consolidated statement of income. |
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Share Repurchase Program
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Sep. 28, 2013
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share Repurchase Program | Share Repurchase Program In October 2010, our Board of Directors authorized a $400,000 share repurchase program, which originally was set to expire on October 26, 2013, and was subsequently extended through October 27, 2015. At September 28, 2013, $124,095 remained available for repurchase. Under this program, we may repurchase shares in the open market and through privately negotiated transactions. Our repurchases are 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 issued shares of common stock out of our cumulative balance of treasury shares. Such shares are issued to certain of our associates upon the exercise of their options or vesting of their equity awards under the Ingram Micro Inc. 2011 Incentive Plan, as amended (see Note 4). We did not repurchase shares during the thirty-nine weeks ended September 28, 2013. Our stock issuance activity for the thirty-nine weeks ended September 28, 2013 is summarized in the table below:
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Earnings Per Share
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share | 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 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 79 and 4,214 stock-based awards for the thirteen weeks ended September 28, 2013 and September 29, 2012, respectively, and 657 and 3,485 stock-based awards for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, 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 having an antidilutive effect. |
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Stock-Based Compensation
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-Based Compensation | Stock-Based Compensation We currently have a single stock incentive plan, the Ingram Micro Inc. 2011 Incentive Plan, for the granting of equity-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. During the second quarter of 2013, our stockholders approved an amendment of the Ingram Micro Inc. 2011 Incentive Plan (the “2011 Amended Plan”), which increased the number of shares that we may issue by 12,000. The authorized pool of shares available for grant is a fungible pool. The authorized share limit is reduced by one share for every share subject to a stock option or stock appreciation right granted and 2.37 shares for every share granted after June 8, 2011 (2.29 shares after June 7, 2013) under any award other than an option or stock appreciation right for awards. We grant 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. The performance measures for vesting of restricted stock and restricted stock units for grants to management for the periods presented are based on earnings growth, return on invested capital, total shareholder return, income from operations as a percent of revenue and income before tax. Awards granted under the 2011 Amended Plan were as follows:
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Derivative Financial Instruments
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments Our derivatives designated as hedging instruments have consisted primarily of foreign currency forward contracts to hedge certain foreign currency-denominated intercompany management fees. 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. The notional amounts and fair values of derivative instruments in our consolidated balance sheet were as follows:
(1) Notional amounts represent the gross amount of foreign currency bought or sold at maturity for foreign exchange contracts. The amount recognized in earnings from our derivative instruments not receiving hedge accounting treatment, including ineffectiveness, is recorded in foreign currency exchange loss as follows and was largely offset by the change in fair value of the underlying hedged assets or liabilities:
The unrealized gains or losses associated with our derivatives designated as hedging instruments, net of taxes, are reflected in our consolidated statement of comprehensive income (loss) for the thirteen and thirty-nine weeks ended September 28, 2013 and September 29, 2012. |
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Fair Value Measurements
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | 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. As of September 28, 2013, our assets and liabilities measured at fair value on a recurring basis are categorized in the table below:
As of December 29, 2012, our assets and liabilities measured at fair value on a recurring basis are categorized in the table below:
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. Our senior unsecured notes due in 2022 and 2017 are stated at amortized cost, and their respective fair values were determined based on Level 2 criteria. The fair values and carrying values of these notes are shown in the table below:
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Acquisitions, Goodwill and Intangible Assets
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions, Goodwill and Intangible Assets | Acquisitions, Goodwill and Intangible Assets On September 12, 2013, we acquired all of the outstanding shares of Canada-based SoftCom Inc., a leading cloud marketplace and global service provider, for cash of $12,000 and payment of outstanding debt of $3,000. In addition, the purchase price includes a deferred payment of $5,000, payable over three years and a $3,650 three-year performance-based earn-out. We have preliminarily allocated the purchase price to the identifiable assets acquired and liabilities assumed at their estimated fair values with approximately $9,000 recorded as goodwill. This acquisition will enhance our cloud offerings road map and aggregation platform. On October 15, 2012, we completed the acquisition of BrightPoint, a U.S. publicly traded company and a global leader in providing device lifecycle services to the wireless industry, for cash and the assumption of its debt. The results of operations of BrightPoint are included in our consolidated financial statements from the date of the merger. The consideration paid was $868,192, net of cash acquired, primarily comprised of $9.00 cash per share of BrightPoint’s outstanding common stock (including common stock underlying restricted stock units and shares issued pursuant to restricted stock awards accelerated upon closing of the transaction) and payment of BrightPoint’s outstanding debt of $260,257 as of October 15, 2012. We expect to realize operational benefits by leveraging existing channel relationships and utilizing the assembled workforce. We also expect the combined entity to achieve significant savings in corporate and operational overhead costs. We anticipate opportunities for growth through our entry into the global wireless industry, expansion of our geographic reach and customer segment diversity, and the ability to leverage additional products and capabilities. These factors, among others, contributed to a purchase price in excess of the estimated fair value of BrightPoint’s net identifiable assets acquired, and, as a result, we have recorded goodwill in connection with this transaction. The following table summarizes the allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of October 15, 2012:
The components of identifiable intangible assets acquired in connection with the BrightPoint acquisition were as follows:
The following represents pro forma operating results for the thirteen and thirty-nine weeks ended September 29, 2012 as if BrightPoint had been included in our consolidated statement of income as of the first day of fiscal year 2012 and includes business combination accounting effects from our acquisition including amortization of acquired intangible assets and increase in interest expense associated with the issuance of our senior unsecured notes due in 2022 and additional borrowings from our revolving senior unsecured credit facility debt to fund the acquisition.
The above unaudited pro forma results have been prepared for informational purposes only and do not purport to represent what the results of operations would have been had the acquisition occurred as of those dates, nor of future results of operations. In the first nine months of 2013 and 2012, we paid one of the annual earn-out payments related to a prior period acquisition totaling $325 and $338, respectively, which was previously accrued at the time of the acquisition. Finite-lived identifiable intangible assets are amortized over their remaining useful lives ranging up to 20 years. The gross and net carrying amounts of finite-lived identifiable intangible assets are as follows:
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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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Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reorganization and Expense-Reduction Program Costs | Reorganization Costs 2013 Actions During the third quarter, we announced a plan to reduce headcount in Germany to respond to the current market environment resulting in reorganization charges primarily related to employee termination benefits. In addition, we exited a BrightPoint facility in the U.S. resulting in reorganization charges primarily related to facility exit costs and employee termination benefits. Earlier in 2013, we began integrating certain BrightPoint operations into Ingram Micro, resulting in headcount reductions and facility exit costs. We continued to move certain transaction-oriented service and support functions in Europe to our European shared services center and exited a portion of one of our Australian offices in Asia-Pacific. Associated with these actions, we incurred reorganization costs primarily related to employee termination benefits throughout our regions and facility exit costs in Australia. 2012 Actions In 2012, we implemented headcount reductions primarily in Australia and New Zealand to better align our operating expenses with each country’s lower sales volumes. Additionally, we moved certain transactions-oriented service and support functions to shared service centers in Asia-Pacific and Europe. We closed our in-country Argentina operations in Latin America and are now servicing this market through our export operations in Miami. Associated with these actions, we incurred net reorganization costs related to employee termination benefits. 2011 and Prior Actions In the second half 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 and the loss of market share in that country. We also implemented headcount reductions in certain operations in North America, Europe and Latin America. In 2009 and earlier, we incurred costs to integrate past acquisitions, and launch various other outsourcing and optimization plans, to improve operating efficiencies and better align our level of operating expenses with the decline in sales volumes resulting from the economic downturn in that period. While these reorganization actions were completed prior to the periods included herein, future cash outlays are required for future lease payments related to exited facilities. A summary of the reorganization and expense-reduction program costs incurred in the thirteen weeks ended September 28, 2013 and September 29, 2012 and thirty-nine weeks ended September 28, 2013 and September 29, 2012, are as follows:
The remaining liabilities and 2013 activities associated with the aforementioned actions are summarized in the table below:
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Debt
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt | Debt The carrying value of our outstanding debt consists of the following:
We have a $940,000 revolving senior unsecured credit facility from a syndicate of multinational banks which was scheduled to mature in September 2016. In August 2013, we entered into an amendment of this facility to extend its maturity to September 2018. In addition, the amendment provides an option to increase the total commitment by $310,000, subject to certain conditions. The interest rate on this facility is based on LIBOR plus a predetermined margin that is based on our debt ratings and leverage ratio. We had no borrowings at September 28, 2013 or December 29, 2012 under this revolving senior unsecured credit facility. This credit facility may also be used to issue letters of credit. At September 28, 2013 and December 29, 2012, letters of credit of $14,608 and $4,491, respectively, were issued 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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Income Taxes
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Sep. 28, 2013
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Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes Our effective tax rate for the thirteen weeks ended September 28, 2013 was 30.5% compared to 28.9% for the thirteen weeks ended September 29, 2012. For the thirty-nine weeks ended September 28, 2013 and September 29, 2012, our effective tax rate was 29.9% and 17.2%, 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 deferred tax assets. The thirteen weeks ended September 28, 2013 included net discrete benefits of approximately $4,570, or 4.0 percentage points of the effective tax rate driven primarily by the release of a previously recorded reserve against the deferred tax assets of one of our foreign operating units. The thirteen weeks ended September 29, 2012 included net discrete benefits of approximately $1,658, or 2.2 percentage points of the effective tax rate, which primarily reflected the positive adjustments agreed with the U.S. Internal Revenue Service ("IRS") during that period. The remaining year-over-year change in our effective tax rate reflects the change in mix of profit among different tax jurisdictions and losses in certain tax jurisdictions in which we are not able to record a tax benefit. The thirty-nine weeks ended September 28, 2013 included net discrete tax benefits of approximately $11,521, or 4.1 percentage points of the effective tax rate, which includes the discrete items noted for the quarter as well as net discrete benefits of $5,766 recorded last quarter primarily due to a change in estimate of the amount of BrightPoint acquisition costs deductible for tax purposes. In addition, there were net discrete benefits of $1,185 recorded in the first quarter of 2013, primarily due to the release of valuation allowance on U.S. state net operating losses. The thirty-nine weeks ended September 29, 2012 included net discrete tax benefits of approximately $34,600, or 14.0 percentage points of the effective tax rate, which included the third quarter 2012 net discrete benefit of $1,658 as discussed above, and a benefit of $32,942, which was primarily the result of the write-off of the historical tax basis of the investment we had maintained in one of our Latin American subsidiary holdings companies, realized during the first quarter of 2012. Our effective tax rate differed from the U.S. federal statutory rate of 35% during these periods primarily due to the discrete items noted above, as well as the relative mix of earnings or losses within the tax jurisdictions in which we operate, such as: (a) earnings in lower-tax jurisdictions for which no U.S. taxes have been provided because such earnings are planned to be reinvested indefinitely outside the United States; (b) losses in certain jurisdictions in which we are not able to record a tax benefit; and (c) changes in the valuation allowance on deferred tax assets. At September 28, 2013, we had gross unrecognized tax benefits of $39,964 compared to $38,790 at December 29, 2012, representing a net increase of $1,174 during the thirty-nine weeks ended September 28, 2013. 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 $8,380 and $7,889 at September 28, 2013 and December 29, 2012, respectively. 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 IRS and other tax authorities. The IRS has concluded its examinations of tax years prior to tax year 2010. In 2013, the IRS initiated its examination of tax years 2010 to 2011. It is possible that within the next twelve months, ongoing tax examinations in the U.S. states and several of our foreign jurisdictions may be resolved, that new tax exams may commence and that other issues may be effectively settled. However, we do not expect our assessment of unrecognized tax benefits to change significantly over that time. |
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Segment Information
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Segment Information | Segment Information Subsequent to our acquisition of BrightPoint, we have operated predominantly in the following industry segments: (1) distribution of IT products and supply chain solutions worldwide and (2) distribution of mobile devices as well as device lifecycle services and logistics solutions. Our IT distribution reporting segments are based on geographic location, and the measure of segment profit is income from operations. Geographic areas in which we operated our IT distribution reporting segments during 2013 include North America (the United States and Canada), Europe (Austria, Belgium, France, Germany, Hungary, 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, Thailand, Lebanon, United Arab Emirates, Turkey, Egypt and South Africa), and Latin America (Brazil, Chile, Colombia, Mexico, Peru, and our Latin American export operations in Miami). Our BrightPoint reporting segment has operations in the following geographic areas: the United States, Finland, Germany, Norway, Poland, Portugal, Senegal, Slovakia, South Africa, Spain, Sweden, Switzerland, the United Arab Emirates, the United Kingdom, Australia, Hong Kong, India, Malaysia, New Zealand and Singapore. We do not allocate stock-based compensation recognized (see Note 4) to our operating units; therefore, we are reporting this as a separate amount. Financial information by reporting segment is as follows:
The integration, transition and other costs included in income from operations by reporting segment is as follows:
(a) Costs are primarily for legal, consulting and other costs associated with the integration of BrightPoint, acquisitions-related costs and other transition costs incurred for certain executives, charged to SG&A expenses. For the thirty-nine weeks ended September 29, 2012, it also included an asset impairment associated with our closure of in-country Argentina operations in Latin America, charged to SG&A expenses. For a segment breakdown of reorganization costs, refer to Note 8.
Net sales and long-lived assets for the United States, which is our country of domicile, are as follows:
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Commitments and Contingencies
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9 Months Ended |
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Sep. 28, 2013
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Our Brazilian subsidiary has received a number of tax assessments including: (1) a 2005 Federal import tax assessment claiming certain commercial taxes totaling Brazilian Reais 12,714 ($5,633 at September 28, 2013 exchange rates) were due on the import of software acquired from international vendors for the period January through September of 2002; (2) a 2007 Sao Paulo Municipal tax assessment claiming Brazilian Reais 29,111 ($12,898 at September 28, 2013 exchange rates) of service taxes were due on the resale of acquired software covering years 2002 through 2006, plus Brazilian Reais 25,972 ($11,507 at September 28, 2013 exchange rates) of associated penalties; and (3) a 2011 Federal income tax assessment, a portion of which claims statutory penalties totaling Brazilian Reais 15,900 ($7,044 at September 28, 2013 exchange rates) for delays in providing certain electronic files during the audit of tax years 2008 and 2009, which was conducted through the course of 2011. After working with our advisors, we believe the matters raised in the various assessments, other than the three assessments noted above, represent a remote risk of loss. In addition to the amounts assessed, it is possible that we could also be assessed up to Brazilian Reais 40,193 ($17,807 at September 28, 2013 exchange rates) for penalties and interest on the 2005 assessment and up to Brazilian Reais 135,961 ($60,236 at September 28, 2013 exchange rates) for interest and inflationary adjustments on the 2007 assessment. After working with our advisors on these matters, we believe we have good defenses against each matter and do not believe it is probable that we will suffer a material loss for amounts in the 2007 and the 2011 assessments or any other unassessed amounts noted above. While we will continue to vigorously pursue administrative and, if applicable, judicial action in defending against the 2005 Federal import tax assessment, we continue to maintain a reserve for the full amount assessed at September 28, 2013. 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 their 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. |
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New Accounting Standards
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9 Months Ended |
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Sep. 28, 2013
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Accounting Changes and Error Corrections [Abstract] | |
New Accounting Standards | New Accounting Standards In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which requires a reporting entity to present an unrecognized tax benefit as a liability in the financial statements separate from deferred tax assets if a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available as of the reporting date to settle taxes that would result from the disallowance of the tax position or if a reporting entity does not intend to use the deferred tax asset for such purpose. This standard will be effective for us beginning December 29, 2013, the first day of fiscal year 2014. We are currently assessing the impact of this new guidance. In December 2011, the FASB issued a new accounting standard related to enhanced disclosures on offsetting (netting) of assets and liabilities in the financial statements. This standard requires improved information about financial instruments and derivative instruments that are either allowed to be offset in accordance with another accounting standard or subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with another accounting standard. Under this standard, financial statements should disclose the gross amounts of those recognized assets and liabilities and the amounts offset, whether permitted by another accounting standard or subject to master netting arrangement, to determine the net amounts presented in the statement of financial position. This standard was effective for us beginning December 30, 2012 and did not have a material impact on our consolidated financial position. |
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Legal Settlement
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9 Months Ended |
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Sep. 28, 2013
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Litigation Settlement [Abstract] | |
Legal Settlement | Legal Settlement We have been a claimant in a class action proceeding seeking damages from certain manufacturers of LCD flat panel displays. On July 12, 2013, the federal district judge overseeing the proceeding issued an order approving a plan of distribution to the class claimants. In July 2013, we received a distribution of $29,500, net of all attorney fees and expenses, which was reflected as a reduction of selling, general and administrative expenses. The court has deferred distribution of a portion of the settlement fund. Accordingly, we may receive up to an additional $7,000 from the remaining escrowed settlement fund in the future depending on the extent to which subsequent, approved claims are made on the fund. |
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Subsequent Event (Notes)
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9 Months Ended |
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Sep. 28, 2013
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Subsequent Events [Abstract] | |
Subsequent Event | Subsequent Event On September 30, 2013, the first day of our fiscal fourth quarter, we acquired all of the outstanding shares of U.S.-based CloudBlue Technologies, Inc. (“CloudBlue”), a global leader in enterprise IT asset disposition, onsite data destruction and e-waste recycling services for a cash purchase price of approximately $37,000. This acquisition expands our supply-chain services and broadens our array of forward and reverse logistics services, adding eco-friendly, secure hardware disposal and onsite data destruction and a more complete offering in managing returns, including item inspection. |
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Organization and Basis of Presentation (Policies)
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9 Months Ended |
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Sep. 28, 2013
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Accounting Policies [Abstract] | |
Book Overdrafts | Book Overdrafts Book overdrafts of $469,047 and $415,207 as of September 28, 2013 and December 29, 2012, 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 September 28, 2013 and December 29, 2012, or any balance on any given date. |
Trade Accounts Receivable Factoring Programs | Trade Accounts Receivable Factoring Programs We have three uncommitted factoring programs, one in North America and two in Europe, under which trade accounts receivable of two large customers may be sold, without recourse, to financial institutions. 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 September 28, 2013 and December 29, 2012, we had a total of $329,865 and $242,626, respectively, of trade accounts receivable sold to and held by financial institutions under these programs. Factoring fees of $833 and $553 incurred for the thirteen weeks ended September 28, 2013 and September 29, 2012, respectively, and $1,841 and $2,515 for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively, related to the sale of trade accounts receivable under these facilities are included in “other” in the other expense (income) section of our consolidated statement of income. |
New Accounting Standards | New Accounting Standards In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which requires a reporting entity to present an unrecognized tax benefit as a liability in the financial statements separate from deferred tax assets if a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available as of the reporting date to settle taxes that would result from the disallowance of the tax position or if a reporting entity does not intend to use the deferred tax asset for such purpose. This standard will be effective for us beginning December 29, 2013, the first day of fiscal year 2014. We are currently assessing the impact of this new guidance. In December 2011, the FASB issued a new accounting standard related to enhanced disclosures on offsetting (netting) of assets and liabilities in the financial statements. This standard requires improved information about financial instruments and derivative instruments that are either allowed to be offset in accordance with another accounting standard or subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with another accounting standard. Under this standard, financial statements should disclose the gross amounts of those recognized assets and liabilities and the amounts offset, whether permitted by another accounting standard or subject to master netting arrangement, to determine the net amounts presented in the statement of financial position. This standard was effective for us beginning December 30, 2012 and did not have a material impact on our consolidated financial position. |
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Share Repurchase Program (Tables)
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Sep. 28, 2013
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Stock Issuance Activity | Our stock issuance activity for the thirty-nine weeks ended September 28, 2013 is summarized in the table below:
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Earnings Per Share (Tables)
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Sep. 28, 2013
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Computation of Basic EPS and Diluted EPS | The computation of Basic EPS and Diluted EPS is as follows:
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Stock-Based Compensation (Tables)
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Sep. 28, 2013
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Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | Awards granted under the 2011 Amended Plan were as follows:
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Derivative Financial Instruments (Tables)
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Sep. 28, 2013
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amounts and Fair Values of Derivative Instruments | The notional amounts and fair values of derivative instruments in our consolidated balance sheet were as follows:
(1) Notional amounts represent the gross amount of foreign currency bought or sold at maturity for foreign exchange contracts. |
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Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The amount recognized in earnings from our derivative instruments not receiving hedge accounting treatment, including ineffectiveness, is recorded in foreign currency exchange loss as follows and was largely offset by the change in fair value of the underlying hedged assets or liabilities:
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Fair Value Measurements (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 28, 2013
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The fair values and carrying values of these notes are shown in the table below:
As of September 28, 2013, our assets and liabilities measured at fair value on a recurring basis are categorized in the table below:
As of December 29, 2012, our assets and liabilities measured at fair value on a recurring basis are categorized in the table below:
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Acquisitions, Goodwill and Intangible Assets (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 28, 2013
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase Price Allocation to Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of October 15, 2012:
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Components of Identifiable Intangible Assets Acquired | The components of identifiable intangible assets acquired in connection with the BrightPoint acquisition were as follows:
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Schedule of Pro-Forma Operating Results | The following represents pro forma operating results for the thirteen and thirty-nine weeks ended September 29, 2012 as if BrightPoint had been included in our consolidated statement of income as of the first day of fiscal year 2012 and includes business combination accounting effects from our acquisition including amortization of acquired intangible assets and increase in interest expense associated with the issuance of our senior unsecured notes due in 2022 and additional borrowings from our revolving senior unsecured credit facility debt to fund the acquisition.
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Schedule of Changes in Carrying Amount of Goodwill | The gross and net carrying amounts of finite-lived identifiable intangible assets are as follows:
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Schedule Of Changes In Carrying Amount Of Goodwill [Text Block] No definition available.
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Reorganization and Expense-Reduction Program Costs (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 28, 2013
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Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost | A summary of the reorganization and expense-reduction program costs incurred in the thirteen weeks ended September 28, 2013 and September 29, 2012 and thirty-nine weeks ended September 28, 2013 and September 29, 2012, are as follows:
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Schedule of Restructuring and Related Costs | The remaining liabilities and 2013 activities associated with the aforementioned actions are summarized in the table below:
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Debt (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 28, 2013
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value of Outstanding Debt | The carrying value of our outstanding debt consists of the following:
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Segment Information (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 28, 2013
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Information by Reporting Segments | Financial information by reporting segment is as follows:
The integration, transition and other costs included in income from operations by reporting segment is as follows:
(a) Costs are primarily for legal, consulting and other costs associated with the integration of BrightPoint, acquisitions-related costs and other transition costs incurred for certain executives, charged to SG&A expenses. For the thirty-nine weeks ended September 29, 2012, it also included an asset impairment associated with our closure of in-country Argentina operations in Latin America, charged to SG&A expenses. For a segment breakdown of reorganization costs, refer to Note 8.
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | Net sales and long-lived assets for the United States, which is our country of domicile, are as follows:
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Organization and Basis of Presentation - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
Dec. 29, 2012
|
|
Accounting Policies [Abstract] | |||||
Book overdrafts | $ 469,047 | $ 469,047 | $ 415,207 | ||
Trade accounts receivable sold to and held by financial institutions under uncommitted factoring programs | 329,865 | 329,865 | 242,626 | ||
Factoring fees | $ 833 | $ 553 | $ 1,841 | $ 2,515 |
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 | ||||||||||
- Definition
Trade accounts receivable sold to and held by financial institutions under uncommitted factoring programs. No definition available.
|
X | ||||||||||
- Details
|
Share Repurchase Program - Additional Information (Detail) (USD $)
|
1 Months Ended | 9 Months Ended |
---|---|---|
Oct. 31, 2010
|
Sep. 28, 2013
|
|
Equity [Abstract] | ||
Shares authorized for repurchase program | $ 400,000,000 | |
Remaining amount for repurchase under the share repurchase program | $ 124,095,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Share Repurchase Program - Stock Repurchase and Issuance Activity (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended |
---|---|
Sep. 28, 2013
|
|
Shares | |
Cumulative balance, Shares, Beginning Balance | 38,029 |
Issuance of Class A Common Stock, Shares | (466) |
Cumulative balance, Shares, Ending Balance | 37,563 |
Weighted Average Price Per Share | |
Cumulative balance, Weighted Average Price Per Share, Beginning Balance (in dollars per share) | $ 17.04 |
Issuance of Class A Common Stock, Weighted Average Price Per Share (in dollars per share) | $ 17.24 |
Cumulative balance, Weighted Average Price Per Share, Ending Balance (in dollars per share) | $ 17.04 |
Amount | |
Cumulative balance, Amount, Beginning Balance | $ 648,066 |
Issuance of Class A Common Stock, Amount | (8,032) |
Cumulative balance, Amount, Ending Balance | $ 640,034 |
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Issued Class A common stock, weighted average price per share. No definition available.
|
X | ||||||||||
- Definition
Treasury stock weighted average price per share. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Share - Computation of Basic EPS and Diluted EPS (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
|
Earnings Per Share [Abstract] | ||||
Net income | $ 78,938 | $ 53,311 | $ 198,383 | $ 204,558 |
Weighted average shares | 153,710 | 150,150 | 152,439 | 150,793 |
Basic EPS (in dollars per share) | $ 0.51 | $ 0.36 | $ 1.30 | $ 1.36 |
Weighted average shares, including the dilutive effect of stock-based awards (3,434 and 2,666 for the thirteen weeks ended September 28, 2013 and September 29, 2012, respectively, and 3,190 and 3,078 for the thirty-nine weeks ended September 28, 2013 and September 29, 2012, respectively) | 157,144 | 152,816 | 155,629 | 153,871 |
Diluted EPS (in dollars per share) | $ 0.50 | $ 0.35 | $ 1.27 | $ 1.33 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Share - Computation of Basic EPS and Diluted EPS (Parenthetical) (Detail)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
|
Earnings Per Share [Abstract] | ||||
Weighted average shares, including the dilutive effect of stock-based awards | 3,434 | 2,666 | 3,190 | 3,078 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Share - Additional Information (Detail)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
|
Earnings Per Share [Abstract] | ||||
Stock-based awards excluded from the computation of Diluted Earnings Per Share | 79 | 4,214 | 657 | 3,485 |
X | ||||||||||
- Definition
Stock-based awards excluded from the computation of diluted earnings per share. No definition available.
|
X | ||||||||||
- Details
|
Stock-Based Compensation - Additional Information (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
2011 Incentive Plan [Member]
|
Jun. 09, 2011
Stock Options and Stock Appreciation Rights [Member]
2011 Incentive Plan [Member]
|
Jun. 08, 2013
Other Award Types [Member]
2011 Incentive Plan [Member]
|
Jun. 09, 2011
Other Award Types [Member]
2011 Incentive Plan [Member]
|
|||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||
Additional authorized number of shares | 12,000,000 | |||||||||||||||
Authorized share limit ratio | 1 | 2.29 | 2.37 | |||||||||||||
Stock options granted (a) | 0 | [1] | 0 | [1] | 52,000 | [1] | 51,000 | [1] | ||||||||
Restricted stock and restricted stock units granted (a) | 146,000 | [1] | 108,000 | [1] | 3,782,000 | [1] | 2,740,000 | [1] | ||||||||
Stock-based compensation expense | $ 7,693 | $ 7,240 | $ 21,649 | $ 21,815 | ||||||||||||
Related income tax benefit | $ 1,792 | $ 2,427 | $ 5,885 | $ 6,768 | ||||||||||||
Exercised stock options | 1,372,000 | 21,000 | 2,420,000 | 1,955,000 | ||||||||||||
Vested restricted stock and/or restricted stock units (b) | 27,000 | [2] | 19,000 | [2] | 2,086,000 | [2] | 2,122,000 | [2] | ||||||||
Approximate number of shares available for grant under the 2011 Incentive Plan | 15,800,000 | 15,800,000 | ||||||||||||||
Restricted stock issued based on performance-based grants | 0 | 0 | 1,535,000 | 1,495,000 | ||||||||||||
|
X | ||||||||||
- Definition
Restricted stock issued based on performance-based grants. No definition available.
|
X | ||||||||||
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Authorized Share Limit Ratio No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Derivative Financial Instruments - Notional Amounts and Fair Values of Derivative Instruments (Detail) (USD $)
In Thousands, unless otherwise specified |
Sep. 28, 2013
|
Dec. 29, 2012
|
||||
---|---|---|---|---|---|---|
Derivatives, Fair Value [Line Items] | ||||||
Total derivative, notional amount | $ 1,199,293 | [1] | $ 1,425,008 | [1] | ||
Fair Value, Total | (5,395) | (879) | ||||
Designated as Hedging Instrument [Member]
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Total derivative, notional amount | 10,544 | [1] | [1] | |||
Derivatives designated as hedging instruments, Fair Value | (173) | |||||
Designated as Hedging Instrument [Member] | Other current assets [Member] | Foreign exchange contracts [Member]
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, notional amount | 1,320 | [1] | [1] | |||
Derivatives designated as hedging instruments, Fair Value | 24 | |||||
Designated as Hedging Instrument [Member] | Accrued expenses [Member] | Foreign exchange contracts [Member]
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative liability, notional amount | 9,224 | [1] | [1] | |||
Derivatives designated as hedging instruments, Fair Value | (197) | |||||
Not Designated as Hedging Instrument [Member]
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Total derivative, notional amount | 1,188,749 | [1] | 1,425,008 | [1] | ||
Derivatives not receiving hedge accounting treatment, Fair Value | (5,222) | (879) | ||||
Not Designated as Hedging Instrument [Member] | Other current assets [Member] | Foreign exchange contracts [Member]
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, notional amount | 333,846 | [1] | 817,172 | [1] | ||
Derivatives not receiving hedge accounting treatment, Fair Value | 3,136 | 2,897 | ||||
Not Designated as Hedging Instrument [Member] | Accrued expenses [Member] | Foreign exchange contracts [Member]
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative liability, notional amount | 854,903 | [1] | 607,836 | [1] | ||
Derivatives not receiving hedge accounting treatment, Fair Value | $ (8,358) | $ (3,776) | ||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Derivative Financial Instruments - Amounts Recognized in Earnings (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
|
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||
Net loss recognized in earnings | $ (30,789) | $ (23,474) | $ (1,428) | $ (31,582) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Fair Value Measurements - Debt Information (Detail) (USD $)
In Thousands, unless otherwise specified |
Sep. 28, 2013
|
Dec. 29, 2012
|
---|---|---|
Fair value, measurements, recurring [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | $ 621,000 | $ 633,000 |
Fair value, measurements, recurring [Member] | Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | 621,000 | 633,000 |
Fair value, measurements, recurring [Member] | Carrying Value [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | 598,410 | 598,275 |
Senior unsecured notes, 5.25% due 2017 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt, maturity date | 2017 | 2017 |
Debt, interest rate | 5.25% | 5.25% |
Senior unsecured notes, 5.25% due 2017 [Member] | Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt, maturity date | 2017 | 2017 |
Senior unsecured notes, 5.25% due 2017 [Member] | Fair value, measurements, recurring [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | 320,000 | 326,000 |
Senior unsecured notes, 5.25% due 2017 [Member] | Fair value, measurements, recurring [Member] | Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | 320,000 | 326,000 |
Senior unsecured notes, 5.25% due 2017 [Member] | Fair value, measurements, recurring [Member] | Carrying Value [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | 300,000 | 300,000 |
Senior unsecured notes, 5.00% due 2022 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt, maturity date | 2022 | 2022 |
Debt, interest rate | 5.00% | 5.00% |
Senior unsecured notes, 5.00% due 2022 [Member] | Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt, maturity date | 2022 | 2022 |
Senior unsecured notes, 5.00% due 2022 [Member] | Fair value, measurements, recurring [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | 301,000 | 307,000 |
Senior unsecured notes, 5.00% due 2022 [Member] | Fair value, measurements, recurring [Member] | Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | 301,000 | 307,000 |
Senior unsecured notes, 5.00% due 2022 [Member] | Fair value, measurements, recurring [Member] | Carrying Value [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt instrument, fair value disclosure | $ 298,410 | $ 298,275 |
X | ||||||||||
- Definition
Debt Instrument Maturity Period No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Acquisitions, Goodwill and Intangible Assets - Additional Information (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||
---|---|---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Dec. 29, 2012
|
Sep. 12, 2013
SoftCom [Member]
|
Oct. 15, 2012
BrightPoint [Member]
|
Dec. 29, 2012
BrightPoint [Member]
|
|
Acquisitions [Line Items] | ||||||
Business combination, cash paid | $ 12,000 | |||||
Business combination, outstanding debt paid | 3,000 | 260,257 | ||||
Other payments to acquire businesses | 5,000 | |||||
Business combination, deferred payment period | 3 years | |||||
Business combination, performance-based earn out | 3,650 | |||||
Goodwill | 439,866 | 428,401 | 9,000 | 420,065 | ||
Business combination, acquisition date | Oct. 15, 2012 | |||||
Business combination, aggregate purchase price | 868,192 | |||||
Business combination, cash paid per share (in dollars per share) | $ 9.00 | |||||
Business acquisition potential earn-out paid | $ 325 | $ 338 | ||||
Maximum amortization period for finite-lived identifiable intangible assets | 20 years | 20 years |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Business Acquisition Cost Of Acquired Entity Cash Paid Per Share No definition available.
|
X | ||||||||||
- Definition
Business acquisition potential earn out paid. No definition available.
|
X | ||||||||||
- Definition
Business Combination, Consideration Transferred, Deferred Payment Period No definition available.
|
X | ||||||||||
- Definition
Business Combination, Consideration Transferred, Liabilities Paid No definition available.
|
X | ||||||||||
- Definition
Business Combination, Consideration Transferred, Performance Based Earn Out No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Acquisitions, Goodwill and Intangible Assets - Purchase Price Allocation to Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) (USD $)
In Thousands, unless otherwise specified |
Sep. 28, 2013
|
Dec. 29, 2012
|
Oct. 15, 2012
BrightPoint [Member]
|
---|---|---|---|
Schedule Of Business Acquisitions Purchase Price Allocation [Line Items] | |||
Tangible assets (includes trade accounts receivable, inventory, property and equipment and other assets) | $ 1,156,075 | ||
Goodwill | 439,866 | 428,401 | 420,065 |
Identifiable intangible assets | 309,000 | ||
Liabilities (includes accounts payable, accrued expenses and other liabilities) | (1,016,948) | ||
Fair value of assets acquired and liabilities assumed | $ 868,192 |
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Tangible Assets No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Acquisitions, Goodwill and Intangible Assets - Components of Identifiable Intangible Assets Acquired (Detail) (BrightPoint [Member], USD $)
In Thousands, unless otherwise specified |
0 Months Ended |
---|---|
Oct. 15, 2012
|
|
Acquired Finite-Lived Intangible Assets [Line Items] | |
Fair Value | $ 309,000 |
Logistics customer relationships [Member]
|
|
Acquired Finite-Lived Intangible Assets [Line Items] | |
Fair Value | 237,000 |
Estimated Useful Life | 10 years |
Distribution customer relationships [Member]
|
|
Acquired Finite-Lived Intangible Assets [Line Items] | |
Fair Value | 59,000 |
Estimated Useful Life | 7 years |
Trade name [Member]
|
|
Acquired Finite-Lived Intangible Assets [Line Items] | |
Fair Value | $ 13,000 |
Estimated Useful Life | 3 years |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Acquisitions, Goodwill and Intangible Assets - Schedule of Pro-Forma Operating Results (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended |
---|---|---|
Sep. 29, 2012
|
Sep. 29, 2012
|
|
Business Combinations [Abstract] | ||
Net sales | $ 10,178,755 | $ 30,228,437 |
Net income | $ 41,289 | $ 192,838 |
Earnings per share | ||
Basic (in dollars per share) | $ 0.27 | $ 1.28 |
Diluted (in dollars per share) | $ 0.27 | $ 1.25 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Acquisitions, Goodwill and Intangible Assets - Schedule of Gross Carrying Amounts (Detail) (USD $)
In Thousands, unless otherwise specified |
Sep. 28, 2013
|
Dec. 29, 2012
|
---|---|---|
Business Combinations [Abstract] | ||
Gross carrying amount of finite-lived intangible assets | $ 458,443 | $ 445,385 |
Net carrying amount of finite-lived intangible assets | $ 350,169 | $ 372,482 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Reorganization and Expense-Reduction Program Costs - Summary of the Reorganization and Expense-Reduction Program Costs (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 28, 2013
Employees
|
Sep. 29, 2012
Employees
|
Sep. 28, 2013
Employees
|
Sep. 29, 2012
Employees
|
|
Restructuring Cost and Reserve [Line Items] | ||||
Headcount Reduction | 51 | 212 | 269 | 316 |
Employee Termination Benefits | $ 4,236 | $ 5,414 | $ 12,701 | $ 7,080 |
Facility Costs | 2,512 | 0 | 7,549 | 0 |
Total Reorganization Costs | 6,748 | 5,414 | 20,250 | 7,080 |
Adjustments to Prior Year Costs | 0 | (146) | (200) | (416) |
Total Reorganization Costs | 6,748 | 5,268 | 20,050 | 6,664 |
BrightPoint [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Employee Termination Benefits | 529 | 0 | 5,069 | 0 |
Facility Costs | 2,512 | 0 | 4,272 | 0 |
Total Reorganization Costs | 3,041 | 0 | 9,341 | 0 |
Adjustments to Prior Year Costs | 0 | 0 | 0 | 0 |
Total Reorganization Costs | 3,041 | 0 | 9,341 | 0 |
North America [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Employee Termination Benefits | 235 | 0 | 1,190 | 34 |
Facility Costs | 0 | 0 | 0 | 0 |
Total Reorganization Costs | 235 | 0 | 1,190 | 34 |
Adjustments to Prior Year Costs | 0 | (100) | 0 | (255) |
Total Reorganization Costs | 235 | (100) | 1,190 | (221) |
Europe [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Employee Termination Benefits | 3,357 | 1,582 | 6,267 | 2,245 |
Facility Costs | 0 | 0 | 0 | 0 |
Total Reorganization Costs | 3,357 | 1,582 | 6,267 | 2,245 |
Adjustments to Prior Year Costs | 0 | (32) | (188) | (32) |
Total Reorganization Costs | 3,357 | 1,550 | 6,079 | 2,213 |
Asia-Pacific [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Employee Termination Benefits | 115 | 3,832 | 175 | 4,370 |
Facility Costs | 0 | 0 | 3,277 | 0 |
Total Reorganization Costs | 115 | 3,832 | 3,452 | 4,370 |
Adjustments to Prior Year Costs | 0 | 0 | (12) | (115) |
Total Reorganization Costs | 115 | 3,832 | 3,440 | 4,255 |
Latin America [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Employee Termination Benefits | 0 | 0 | 0 | 431 |
Facility Costs | 0 | 0 | 0 | 0 |
Total Reorganization Costs | 0 | 0 | 0 | 431 |
Adjustments to Prior Year Costs | 0 | (14) | 0 | (14) |
Total Reorganization Costs | $ 0 | $ (14) | $ 0 | $ 417 |
X | ||||||||||
- Definition
Restructuring Charges, Before Adjustments to Prior Year Costs No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Reorganization and Expense-Reduction Program Costs - Restructuring Reserve (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
|||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Remaining Liability at December 29, 2012 | $ 8,119 | |||||||||||||||
Expenses (Income), Net | 6,748 | 5,268 | 20,050 | 6,664 | ||||||||||||
Amounts Paid and Charged Against the Liability | (13,533) | |||||||||||||||
Foreign Currency Translation (b) | (343) | [1] | ||||||||||||||
Remaining Liability at September 28, 2013 | 14,293 | 14,293 | ||||||||||||||
2013 Reorganization actions [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Remaining Liability at December 29, 2012 | 0 | |||||||||||||||
Expenses (Income), Net | 20,250 | |||||||||||||||
Amounts Paid and Charged Against the Liability | (10,512) | |||||||||||||||
Foreign Currency Translation (b) | (175) | [1] | ||||||||||||||
Remaining Liability at September 28, 2013 | 9,563 | [2] | 9,563 | [2] | ||||||||||||
2013 Reorganization actions [Member] | Employee termination benefits [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Remaining Liability at December 29, 2012 | 0 | |||||||||||||||
Expenses (Income), Net | 12,701 | |||||||||||||||
Amounts Paid and Charged Against the Liability | (7,833) | |||||||||||||||
Foreign Currency Translation (b) | 101 | [1] | ||||||||||||||
Remaining Liability at September 28, 2013 | 4,969 | 4,969 | ||||||||||||||
2013 Reorganization actions [Member] | Facility Costs [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Remaining Liability at December 29, 2012 | 0 | |||||||||||||||
Expenses (Income), Net | 7,549 | |||||||||||||||
Amounts Paid and Charged Against the Liability | (2,679) | |||||||||||||||
Foreign Currency Translation (b) | (276) | [1] | ||||||||||||||
Remaining Liability at September 28, 2013 | 4,594 | 4,594 | ||||||||||||||
2012 Reorganization actions [Member] | Employee termination benefits [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Remaining Liability at December 29, 2012 | 1,826 | |||||||||||||||
Expenses (Income), Net | (200) | [3] | ||||||||||||||
Amounts Paid and Charged Against the Liability | (604) | |||||||||||||||
Foreign Currency Translation (b) | 19 | [1] | ||||||||||||||
Remaining Liability at September 28, 2013 | 1,041 | [4] | 1,041 | [4] | ||||||||||||
2011 Reorganization actions [Member] | Employee termination benefits [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Remaining Liability at December 29, 2012 | 79 | |||||||||||||||
Expenses (Income), Net | 0 | |||||||||||||||
Amounts Paid and Charged Against the Liability | (79) | |||||||||||||||
Foreign Currency Translation (b) | 0 | [1] | ||||||||||||||
Remaining Liability at September 28, 2013 | 0 | 0 | ||||||||||||||
2009 and prior reorganization actions [Member] | Facility Costs [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Remaining Liability at December 29, 2012 | 6,214 | |||||||||||||||
Expenses (Income), Net | 0 | |||||||||||||||
Amounts Paid and Charged Against the Liability | (2,338) | |||||||||||||||
Foreign Currency Translation (b) | (187) | [1] | ||||||||||||||
Remaining Liability at September 28, 2013 | 3,689 | [5] | 3,689 | [5] | ||||||||||||
Europe [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Expenses (Income), Net | 3,357 | 1,550 | 6,079 | 2,213 | ||||||||||||
Europe [Member] | 2012 Reorganization actions [Member] | Employee termination benefits [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Expenses (Income), Net | 188 | |||||||||||||||
Asia-Pacific [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Expenses (Income), Net | 115 | 3,832 | 3,440 | 4,255 | ||||||||||||
Asia-Pacific [Member] | 2012 Reorganization actions [Member] | Employee termination benefits [Member]
|
||||||||||||||||
Restructuring Reserve [Roll Forward] | ||||||||||||||||
Expenses (Income), Net | $ 12 | |||||||||||||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt - Carrying Value of Outstanding Debt (Detail) (USD $)
In Thousands, unless otherwise specified |
Sep. 28, 2013
|
Dec. 29, 2012
|
---|---|---|
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | $ 890,564 | $ 1,054,543 |
Short-term debt and current maturities of long-term debt | (77,161) | (111,268) |
Long-term debt, less current maturities | 813,403 | 943,275 |
Senior unsecured notes, 5.25% due 2017 [Member]
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | 300,000 | 300,000 |
Senior unsecured notes, 5.00% due 2022, net of unamortized discount of $1,635 and $1,725, respectively [Member]
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | 298,410 | 298,275 |
North America revolving trade accounts receivable-backed financing program [Member]
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | 214,993 | 345,000 |
Lines of credit and other debt [Member]
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | $ 77,161 | $ 111,268 |
X | ||||||||||
- Definition
Total debt, current and non current. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt - Carrying Value of Outstanding Debt (Parenthetical) (Detail) (USD $)
In Thousands, unless otherwise specified |
Sep. 28, 2013
|
Dec. 29, 2012
|
---|---|---|
Senior unsecured notes, 5.25% due 2017 [Member]
|
||
Standby Letters of Credit [Line Items] | ||
Debt, interest rate | 5.25% | 5.25% |
Debt, maturity date | 2017 | 2017 |
Senior unsecured notes, 5.00% due 2022, net of unamortized discount of $1,635 and $1,725, respectively [Member]
|
||
Standby Letters of Credit [Line Items] | ||
Debt, interest rate | 5.00% | 5.00% |
Debt, maturity date | 2022 | 2022 |
Debt, unamortized discount | $ 1,590 | $ 1,725 |
X | ||||||||||
- Definition
Debt Instrument Maturity Period No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt - Additional Information (Detail) (USD $)
|
Sep. 28, 2013
|
Dec. 29, 2012
|
Sep. 28, 2013
Revolving senior unsecured credit facility [Member]
|
Aug. 31, 2013
Revolving senior unsecured credit facility [Member]
|
---|---|---|---|---|
Line of Credit Facility [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | $ 940,000,000 | |||
Line of credit facility, additional borrowing capacity | 310,000,000 | |||
Line of credit facility, amount outstanding | 0 | 0 | ||
Letters of credit outstanding, amount | $ 14,608,000 | $ 4,491,000 |
X | ||||||||||
- Definition
Line of Credit Facility, Additional Borrowing Capacity No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Income Taxes - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Sep. 28, 2013
|
Mar. 30, 2013
|
Sep. 29, 2012
|
Jun. 30, 2012
|
Jun. 30, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
Dec. 29, 2012
|
|
Income Taxes [Line Items] | ||||||||
Effective tax rate | 30.50% | 28.90% | 29.90% | 17.20% | ||||
Net discrete tax benefit | $ 4,570 | $ 1,185 | $ 1,658 | $ 5,766 | $ 32,942 | $ 11,521 | $ 34,600 | |
Net discrete tax benefit percentage points of effective tax rate | 4.00% | 2.20% | 4.10% | 14.00% | ||||
U.S. federal statutory rate | 35.00% | 35.00% | ||||||
Gross unrecognized tax benefits | 39,964 | 39,964 | 38,790 | |||||
Net increase (decrease) in gross unrecognized tax benefits | (1,174) | |||||||
Interest and penalties on unrecognized tax benefits | $ 8,380 | $ 8,380 | $ 7,889 | |||||
2010 [Member]
|
||||||||
Income Taxes [Line Items] | ||||||||
Open tax year | 2010 | |||||||
2011 [Member]
|
||||||||
Income Taxes [Line Items] | ||||||||
Open tax year | 2011 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Other net discrete tax benefits. No definition available.
|
X | ||||||||||
- Definition
Other net discrete tax benefits percentage points of effective tax rate. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Segment Information - Financial Information by Reporting Segments (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
Dec. 29, 2012
|
|
Segment Reporting Information [Line Items] | |||||
Net sales | $ 10,150,615 | $ 9,034,141 | $ 30,721,074 | $ 26,447,417 | |
Income from operations | 137,691 | 92,649 | 342,283 | 294,485 | |
Stock-based compensation expense | (7,693) | (7,240) | (21,649) | (21,815) | |
Capital expenditures | 26,966 | 19,101 | 66,423 | 64,606 | |
Depreciation | 20,163 | 11,013 | 58,959 | 33,614 | |
Amortization of intangible assets | 11,638 | 2,546 | 35,400 | 8,177 | |
Identifiable assets | 10,481,679 | 10,481,679 | 11,480,448 | ||
Long-lived assets | 830,575 | 830,575 | 853,806 | ||
BrightPoint [Member]
|
|||||
Segment Reporting Information [Line Items] | |||||
Net sales | 1,061,681 | 0 | 3,378,939 | 0 | |
Income from operations | 10,719 | 0 | 33,177 | 0 | |
Capital expenditures | 6,914 | 0 | 10,564 | 0 | |
Depreciation | 6,194 | 0 | 19,678 | 0 | |
Amortization of intangible assets | 8,930 | 0 | 27,267 | 0 | |
Identifiable assets | 1,893,491 | 1,893,491 | 1,960,130 | ||
Long-lived assets | 377,546 | 377,546 | 418,820 | ||
North America [Member]
|
|||||
Segment Reporting Information [Line Items] | |||||
Net sales | 4,061,763 | 3,972,208 | 11,968,647 | 11,416,399 | |
Income from operations | 97,739 | 66,935 | 219,200 | 205,313 | |
Capital expenditures | 14,983 | 16,049 | 45,492 | 48,107 | |
Depreciation | 9,398 | 6,568 | 25,225 | 19,945 | |
Amortization of intangible assets | 1,785 | 1,648 | 5,356 | 5,005 | |
Identifiable assets | 3,699,129 | 3,699,129 | 4,103,657 | ||
Long-lived assets | 357,498 | 357,498 | 329,175 | ||
Europe [Member]
|
|||||
Segment Reporting Information [Line Items] | |||||
Net sales | 2,428,292 | 2,420,425 | 7,527,658 | 7,527,622 | |
Income from operations | 4,876 | 14,498 | 31,533 | 51,412 | |
Capital expenditures | 1,873 | 1,048 | 3,920 | 2,863 | |
Depreciation | 2,415 | 2,418 | 7,463 | 7,539 | |
Amortization of intangible assets | 497 | 533 | 1,488 | 1,627 | |
Identifiable assets | 2,505,647 | 2,505,647 | 2,883,678 | ||
Long-lived assets | 45,470 | 45,470 | 50,498 | ||
Asia-Pacific [Member]
|
|||||
Segment Reporting Information [Line Items] | |||||
Net sales | 2,150,237 | 2,174,409 | 6,475,403 | 6,162,273 | |
Income from operations | 22,415 | 9,193 | 55,310 | 38,447 | |
Capital expenditures | 2,954 | 1,593 | 5,343 | 12,764 | |
Depreciation | 1,822 | 1,717 | 5,589 | 5,192 | |
Amortization of intangible assets | 203 | 140 | 624 | 868 | |
Identifiable assets | 1,795,050 | 1,795,050 | 1,880,431 | ||
Long-lived assets | 41,389 | 41,389 | 45,898 | ||
Latin America [Member]
|
|||||
Segment Reporting Information [Line Items] | |||||
Net sales | 448,642 | 467,099 | 1,370,427 | 1,341,123 | |
Income from operations | 9,635 | 9,263 | 24,712 | 21,128 | |
Capital expenditures | 242 | 411 | 1,104 | 872 | |
Depreciation | 334 | 310 | 1,004 | 938 | |
Amortization of intangible assets | 223 | 225 | 665 | 677 | |
Identifiable assets | 588,362 | 588,362 | 652,552 | ||
Long-lived assets | $ 8,672 | $ 8,672 | $ 9,415 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
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- Details
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Segment Information - Integration, Transition and Other Costs (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
|||||||
Segment Reporting Information [Line Items] | ||||||||||
Integration, transition and other costs | $ 3,843 | [1] | $ 2,270 | [1] | $ 14,351 | [1] | $ 10,781 | [1] | ||
BrightPoint [Member]
|
||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Integration, transition and other costs | 543 | [1] | 0 | [1] | 7,620 | [1] | 0 | [1] | ||
North America [Member]
|
||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Integration, transition and other costs | 2,721 | [1] | 2,270 | [1] | 5,602 | [1] | 8,815 | [1] | ||
Europe [Member]
|
||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Integration, transition and other costs | 304 | [1] | 0 | [1] | 535 | [1] | 0 | [1] | ||
Asia-Pacific [Member]
|
||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Integration, transition and other costs | 275 | [1] | 0 | [1] | 594 | [1] | 43 | [1] | ||
Latin America [Member]
|
||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Integration, transition and other costs | $ 0 | [1] | $ 0 | [1] | $ 0 | [1] | $ 1,923 | [1] | ||
|
X | ||||||||||
- Definition
Integration, Transition And Other Costs No definition available.
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X | ||||||||||
- Details
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Segment Information - Schedule of Revenue and Long-lived Assets by Geographic Location (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
Dec. 29, 2012
|
|
Revenues from External Customers and Long-Lived Assets [Line Items] | |||||
Net sales | $ 10,150,615 | $ 9,034,141 | $ 30,721,074 | $ 26,447,417 | |
Net sales, percentage | 100.00% | 100.00% | 100.00% | 100.00% | |
Long-lived assets | 830,575 | 830,575 | 853,806 | ||
United States [Member]
|
|||||
Revenues from External Customers and Long-Lived Assets [Line Items] | |||||
Net sales | 3,912,837 | 3,670,107 | 11,442,971 | 10,312,829 | |
Net sales, percentage | 39.00% | 41.00% | 37.00% | 39.00% | |
Long-lived assets | 594,847 | 594,847 | 595,949 | ||
Outside of the United States [Member]
|
|||||
Revenues from External Customers and Long-Lived Assets [Line Items] | |||||
Net sales | 6,237,778 | 5,364,034 | 19,278,103 | 16,134,588 | |
Net sales, percentage | 61.00% | 59.00% | 63.00% | 61.00% | |
Long-lived assets | $ 235,728 | $ 235,728 | $ 257,857 |
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- Definition
Revenues, Geographic Location, Percentage No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
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Commitments and Contingencies - Additional Information (Detail)
In Thousands, unless otherwise specified |
Sep. 28, 2013
2005 Federal import tax assessment [Member]
USD ($)
|
Sep. 28, 2013
2005 Federal import tax assessment [Member]
BRL
|
Sep. 28, 2013
2007 Sao Paulo Municipal tax assessment [Member]
USD ($)
|
Sep. 28, 2013
2007 Sao Paulo Municipal tax assessment [Member]
BRL
|
Sep. 28, 2013
2011 Federal income tax assessment [Member]
USD ($)
|
Sep. 28, 2013
2011 Federal income tax assessment [Member]
BRL
|
Sep. 28, 2013
2005 Assessment [Member]
USD ($)
|
Sep. 28, 2013
2005 Assessment [Member]
BRL
|
Sep. 28, 2013
2007 Assessment [Member]
USD ($)
|
Sep. 28, 2013
2007 Assessment [Member]
BRL
|
---|---|---|---|---|---|---|---|---|---|---|
Contingencies And Commitments [Line Items] | ||||||||||
Amount of commercial taxes due on the import of software acquired | $ 5,633 | 12,714 | ||||||||
Amount of service taxes due on the resale of software | 12,898 | 29,111 | ||||||||
Amount of penalties on service taxes | 11,507 | 25,972 | ||||||||
Amount of statutory penalties for delays in providing certain electronic files | 7,044 | 15,900 | ||||||||
Amount of penalties and interest likely to be assessed | 17,807 | 40,193 | ||||||||
Amount of interest and inflationary adjustments likely to be assessed | $ 60,236 | 135,961 |
X | ||||||||||
- Definition
Amount of commercial taxes due on the import of software acquired. No definition available.
|
X | ||||||||||
- Definition
Amount of interest and inflationary adjustments likely to be assessed. No definition available.
|
X | ||||||||||
- Definition
Amount of penalties and interest likely to be assessed. No definition available.
|
X | ||||||||||
- Definition
Amount of penalties on service taxes. No definition available.
|
X | ||||||||||
- Definition
Amount of service taxes due on resale of software. No definition available.
|
X | ||||||||||
- Definition
Amount of statutory penalties for delays in providing certain electronic files. No definition available.
|
X | ||||||||||
- Details
|
Legal Settlement (Detail) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended |
---|---|
Jul. 12, 2013
|
|
Litigation Settlement [Abstract] | |
Litigation settlement, amount | $ 29,500 |
Litigation settlement, additional contingent amount | $ 7,000 |
X | ||||||||||
- Definition
Litigation Settlement, Additional Contingent Amount No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Subsequent Event (Detail) (CloudBlue [Member], Subsequent Event [Member], USD $)
In Thousands, unless otherwise specified |
0 Months Ended |
---|---|
Sep. 30, 2013
|
|
CloudBlue [Member] | Subsequent Event [Member]
|
|
Subsequent Event [Line Items] | |
Business combination, cash paid | $ 37,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Details
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