Document and Entity Information
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3 Months Ended |
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Apr. 04, 2015
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Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Apr. 04, 2015 |
Document Fiscal Year Focus | 2015 |
Document Fiscal Period Focus | Q1 |
Trading Symbol | IM |
Entity Registrant Name | INGRAM MICRO INC |
Entity Central Index Key | 0001018003 |
Current Fiscal Year End Date | --01-02 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 156,263,977 |
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End date of current fiscal year in the format --MM-DD. No definition available.
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This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Apr. 04, 2015
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Mar. 29, 2014
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Income Statement [Abstract] | ||
Net sales | $ 10,644,426 | $ 10,383,989 |
Cost of sales | 10,026,965 | 9,773,409 |
Gross profit | 617,461 | 610,580 |
Operating expenses: | ||
Selling, general and administrative | 499,775 | 489,644 |
Amortization of intangible assets | 15,931 | 14,152 |
Reorganization costs | 4,040 | 38,424 |
Total operating expenses | 519,746 | 542,220 |
Income from operations | 97,715 | 68,360 |
Other expense (income): | ||
Interest income | (458) | (1,425) |
Interest expense | 22,158 | 19,322 |
Net foreign exchange loss (gain) | 7,538 | 1,588 |
Other | 3,462 | 4,983 |
Total other expense (income) | 32,700 | 24,468 |
Income before income taxes | 65,015 | 43,892 |
Provision for income taxes | 21,740 | 19,059 |
Net income | $ 43,275 | $ 24,833 |
Basic earnings per share (in dollars per share) | $ 0.28 | $ 0.16 |
Diluted earnings per share (in dollars per share) | $ 0.27 | $ 0.16 |
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Apr. 04, 2015
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Mar. 29, 2014
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Statement of Comprehensive Income [Abstract] | ||
Net income | $ 43,275 | $ 24,833 |
Other comprehensive loss, net of tax: | ||
Foreign currency translation adjustment | (41,114) | (4,974) |
Other comprehensive loss, net of tax | (41,114) | (4,974) |
Comprehensive income | $ 2,161 | $ 19,859 |
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Net repayments on revolving credit facilities. No definition available.
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Organization and Basis of Presentation
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Apr. 04, 2015
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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 (which includes Middle East and Africa); and Latin America. The consolidated financial statements include the accounts of Ingram Micro Inc. and its subsidiaries. Unless the context otherwise requires, the use of the terms “Ingram Micro,” “we,” “us” and “our” in these notes to the consolidated financial statements refers to Ingram Micro Inc. and its subsidiaries. These consolidated financial statements have been prepared by us, without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying unaudited consolidated financial statements contain all material adjustments (consisting of only normal, recurring adjustments) necessary to fairly state our consolidated financial position as of April 4, 2015, our consolidated results of operations and comprehensive income for the thirteen weeks ended April 4, 2015 and March 29, 2014 and our consolidated cash flows for the thirteen weeks ended April 4, 2015 and March 29, 2014. All significant intercompany accounts and transactions have been eliminated in consolidation. As permitted under the applicable rules and regulations of the SEC, these consolidated financial statements do not include all disclosures and footnotes normally included with annual consolidated financial statements and, accordingly, should be read in conjunction with the consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K filed with the SEC for the year ended January 3, 2015. The consolidated results of operations for the thirteen weeks ended April 4, 2015 may not be indicative of the consolidated results of operations that can be expected for the full year. Historically, our reporting units coincided with the geographic operating segments of our IT product distribution business, including North America, Europe, Asia-Pacific and Latin America. In the fourth quarter of 2012, we acquired BrightPoint Inc., or BrightPoint, a global leader in providing devices lifecycle services to the wireless industry, and added this as a reportable segment. Since the acquisition of BrightPoint, we have continued to integrate the BrightPoint operations into our existing infrastructure, including distribution centers, offices, ERP systems and shared service centers. As we approach completion of this integration, discrete financial information for the legacy BrightPoint operations is no longer available and, therefore, we have included the results of BrightPoint into our geographic segments of North America, Europe, Asia-Pacific and Latin America, beginning in the second quarter of 2014. As a result, we have retrospectively reclassified the segment information included in Note 11 to conform to the new presentation. The measure of segment profit is income from operations. Book Overdrafts Book overdrafts of $263,486 and $400,323 as of April 4, 2015 and January 3, 2015, 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 April 4, 2015 and January 3, 2015, or any balance on any given date. Trade Accounts Receivable Factoring Programs We have several uncommitted factoring programs under which trade accounts receivable of several 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 into these programs and the financial institutions’ willingness to purchase such receivables. At April 4, 2015 and January 3, 2015, we had a total of $220,057, and $276,808, respectively, of trade accounts receivable sold to and held by financial institutions under these programs. Factoring fees of $1,320 and $956 incurred for the thirteen weeks ended April 4, 2015 and March 29, 2014, 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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Apr. 04, 2015
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share Repurchase Program | Share Repurchase Program Our Board of Directors has authorized a $400,000 share repurchase program that expires on October 27, 2015, of which $124,095 was remaining for repurchase at April 4, 2015. 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 (the "2011 Incentive Plan") (see Note 4). We did not repurchase shares during the thirteen weeks ended April 4, 2015. Our treasury stock issuance activity for the thirteen weeks ended April 4, 2015 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 2,083 and 1,466 stock-based awards for the thirteen weeks ended April 4, 2015 and March 29, 2014, 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 2011 Incentive Plan, amended during the second quarter of 2013, for the granting of equity-based incentive 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 Incentive Plan were as follows:
(a) As of April 4, 2015, approximately 13,277 shares were available for grant under the 2011 Incentive Plan, taking into account granted options, time-vested restricted stock units/awards and performance-vested restricted stock units assuming maximum achievement. (b) Includes 0 and 247 shares, for thirteen weeks ended April 4, 2015 and March 29, 2014, respectively, which were issued based on performance-based grants previously approved by the Human Resources Committee of the Board of Directors. The remainder of the shares are time-based grants. |
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Derivative Financial Instruments
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments We 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 net foreign exchange loss (gain) 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
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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 April 4, 2015, our assets and liabilities measured at fair value on a recurring basis are categorized in the table below:
As of January 3, 2015, 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 2024, 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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Apr. 04, 2015
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||
Acquisitions, Goodwill and Intangible Assets | Acquisitions, Goodwill and Intangible Assets On February 27, 2015, we acquired 97.5% of the outstanding shares of Anovo Expansion SAS ("Anovo"), a leading global provider of device lifecycle services for a payment of $68,123, net of cash acquired, plus assumption of debt of $32,486. The major classes of assets and liabilities to which we preliminarily allocated the purchase price were $41,200 to acquired intangible assets, and $33,359 to goodwill. The identifiable intangible assets primarily consist of developed technology, trade name and customer relationships. The goodwill recognized in connection with these acquisitions is primarily attributable to the assembled workforce. As of April 4, 2015, we recorded minority interest of $1,391 in other liabilities on the consolidated balance sheet for the remaining 2.5% of the outstanding shares. On March 16, 2015, we acquired all of the outstanding shares of Tech Data Peru S.A.C. and Tech Data Chile S.A. for a payment of $12,588, net of cash acquired, plus the assumption of debt of $43,658. The consideration paid reflects the fair value of net tangible assets, which primarily consist of accounts receivable, inventory and accounts payable. The purchase price is subject to a true up, if necessary, relating to the final closing balance sheet. The acquired entities have been included in our consolidated results of operations since the respective acquisition dates. Pro forma results of operations have not been presented for the 2015 acquisitions because the historical results of these acquisitions, individually and in aggregate, were not material to our consolidated results of operations. During the three months ended April 4, 2015, we acquired an additional 19% of the outstanding shares of Armada Computer Systems for $7,850. As of April 4, 2015, we owned 77% of the outstanding shares, and we recorded minority interest of $10,114 in other liabilities on the consolidated balance sheet for the remaining 23% of the outstanding shares. Finite-lived identifiable intangible assets are amortized over their remaining estimated lives ranging up to 13 years with the predominant amounts having lives of 3 to 10 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 Costs
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Reorganization Costs | Reorganization Costs 2015 and 2014 Actions On February 13, 2014 we announced a plan to proceed with a global organizational effectiveness program that involved aligning and leveraging our infrastructure globally with our evolving businesses, opportunities and resources, and de-layering and simplifying the organization. As a result of the organizational effectiveness program and continued acquisition integration activities, we recognized reorganization charges of $4,040 and $38,424 for the thirteen weeks ended April 4, 2015 and March 29, 2014, respectively, primarily related to employee termination benefits. 2013 and Prior Actions In 2013, we incurred net reorganization costs primarily relating to a number of key initiatives, including: (a) the integration of BrightPoint operations into Ingram Micro, resulting in headcount reductions and the closure of certain BrightPoint facilities, and the exit of a portion of our Australian offices in Asia-Pacific; (b) headcount reductions in Europe and Asia-Pacific to respond to the current market environment, and (c) the transition of certain transaction-oriented service and support functions to shared service centers. A summary of the reorganization and expense-reduction program costs incurred in the thirteen weeks ended April 4, 2015 and March 29, 2014, are as follows:
The remaining liabilities and 2015 activities associated with the aforementioned actions are summarized in the table below:
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Debt
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Apr. 04, 2015
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Debt | Debt The carrying value of our outstanding debt consists of the following:
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Income Taxes
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Apr. 04, 2015
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Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes Our effective tax rate for the thirteen weeks ended April 4, 2015 was 33.4% compared to 43.4% for the thirteen weeks ended March 29, 2014. 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. Our effective tax rate for the thirteen weeks ended April 4, 2015 decreased by ten percentage points over the effective tax rate for the thirteen weeks ended March 29, 2014 primarily due to a disproportionate amount of reorganization costs recorded in the first quarter of 2014 relative to the full year forecasted amount. The thirteen weeks ended April 4, 2015 included net discrete benefits of approximately $609 which represents 0.9 percentage point of the effective tax rate. The thirteen weeks ended March 29, 2014 included net discrete benefits of approximately $1,991, or 4.5 percentage points of the effective tax rate, which primarily related to positive adjustments to certain deferred tax asset balances. Our effective tax rate differed from the U.S. federal statutory rate of 35% during these periods primarily due to the 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 April 4, 2015, we had gross unrecognized tax benefits of $28,714 compared to $30,372 at January 3, 2015, representing a net decrease of $1,658 during the thirteen weeks ended April 4, 2015. 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 $7,004 and $7,625 at April 4, 2015 and January 3, 2015, 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 2012. It is possible that within the next twelve months, ongoing tax examinations in the United 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 Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Information | Segment Information Geographic areas in which we operate include North America (the United States and Canada), Europe (Austria, Belgium, Denmark, France, Finland, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland and the United Kingdom), Asia-Pacific (Australia, the People’s Republic of China including Hong Kong, Egypt, India, Indonesia, Israel, Lebanon, Malaysia, New Zealand, Singapore, South Africa, Thailand, Turkey, and United Arab Emirates) and Latin America (Brazil, Chile, Colombia, Mexico, Peru and our Latin American export operations in Miami). See the discussion of the change in our reportable segments in Note 1. We do not allocate stock-based compensation recognized (see Note 4) to our operating segments; 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 related to professional, consulting and integration costs associated with our acquisitions, as well as consulting, retention and transition costs associated with our organizational effectiveness program charged to selling, general and administrative, or SG&A, expenses. Also included is a gain of $6,600 related to the final settlement of a class action lawsuit against the manufacturers of LCD flat panel displays, which was recorded as a reduction of SG&A expense in North America in the first quarter of 2014. 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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Apr. 04, 2015
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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 the following: (1) a 2005 Federal import tax assessment claiming certain commercial taxes totaling Brazilian Reais 12,714 ($4,037 at April 4, 2015 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 ($9,244 at April 4, 2015 exchange rates) of service taxes were due on the resale of acquired software covering years 2002 through 2006, plus Brazilian Reais 25,972 ($8,247 at April 4, 2015 exchange rates) of associated penalties; (3) a 2011 Federal income tax assessment, a portion of which claims statutory penalties totaling Brazilian Reais 15,900 ($5,049 at April 4, 2015 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; (4) a 2012 Sao Paulo municipal tax assessment claiming Brazilian Reais 2,996 ($951 at April 4, 2015 exchange rates) of service taxes due on the importation of software covering the year 2007 plus Brazilian Reais 1,498 ($476 at April 4, 2015 exchange rates) of associated penalties; and (5) a 2013 Sao Paulo municipal tax assessment claiming Brazilian Reais 10,725 ($3,406 at April 4, 2015 exchange rates) of service taxes due on the importation of software covering the years 2008, 2009, 2010 and January through May 2011 plus Brazilian Reais 5,362 ($1,703 at April 4, 2015 exchange rates) of associated penalties. 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 tax amount assessed at April 4, 2015 in item (1) above. After working with our advisors, we believe the other matters noted above do not represent a probable loss. In addition to the amounts described above, incremental charges for possible penalties, interest and inflationary adjustments for these matters could be imposed in an amount up to Brazilian Reais 250,678 ($79,600 at April 4, 2015 exchange rates). We believe we have good defenses against each matter and do not believe it is probable that we will suffer a material loss for these matters. 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. We have guarantees to third parties that provide financing to a limited number of our customers. Net sales under these arrangements accounted for less than one percent of our consolidated net sales for each of the periods presented. The guarantees require us to reimburse the third party for defaults by these customers up to an aggregate of $9,464. The fair value of these guarantees has been recognized as cost of sales to these customers and is included in accrued expenses. |
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New Accounting Standards
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Apr. 04, 2015
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New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New Accounting Standards | New Accounting Standards In April 2015, the Financial Accounting Standards Board ("FASB") issued ASU 2015-03, "Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs", which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The standard is effective for periods beginning after December 15, 2015. The new guidance is not expected to have a material impact on our financial position. In April 2015, the FASB issued ASU 2015-05, "Intangibles-Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement", which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments do not change the accounting for a customer’s accounting for service contracts. As a result of the amendments, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. The standard is effective for periods beginning after December 15, 2015. The new guidance is not expected to have a material impact on our financial position, results of operations, or cash flows. |
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Subsequent Events (Notes)
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Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events At April 4, 2015, we had a revolving trade accounts receivable-backed financing program in North America which provided for up to $675,000 in borrowing capacity. On April 15, 2015, we extended the maturity of this program from November 2015 to April 2018. Subject to the financial institutions’ approval and availability of eligible receivables, this program may be increased by $250,000 in accordance with the extended terms of the program. The interest rate of this program is dependent on designated commercial paper rates (or, in certain circumstances, an alternate rate) plus a predetermined margin. In connection with this extension, the outstanding borrowing under this financing program of $160,000 at April 4, 2015 was included in long-term debt on the consolidated balance sheet. |
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Organization and Basis of Presentation (Policies)
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Accounting Policies [Abstract] | |
Book Overdrafts | Book overdrafts of $263,486 and $400,323 as of April 4, 2015 and January 3, 2015, 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 April 4, 2015 and January 3, 2015, or any balance on any given date. |
Trade Accounts Receivable Factoring Programs | We have several uncommitted factoring programs under which trade accounts receivable of several 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 into these programs and the financial institutions’ willingness to purchase such receivables. At April 4, 2015 and January 3, 2015, we had a total of $220,057, and $276,808, respectively, of trade accounts receivable sold to and held by financial institutions under these programs. Factoring fees of $1,320 and $956 incurred for the thirteen weeks ended April 4, 2015 and March 29, 2014, 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 (Tables)
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Issuance Activity | Our treasury stock issuance activity for the thirteen weeks ended April 4, 2015 is summarized in the table below:
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Earnings Per Share (Tables)
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of awards granted under incentive plan | Awards granted under the 2011 Incentive Plan were as follows:
(a) As of April 4, 2015, approximately 13,277 shares were available for grant under the 2011 Incentive Plan, taking into account granted options, time-vested restricted stock units/awards and performance-vested restricted stock units assuming maximum achievement. (b) Includes 0 and 247 shares, for thirteen weeks ended April 4, 2015 and March 29, 2014, respectively, which were issued based on performance-based grants previously approved by the Human Resources Committee of the Board of Directors. The remainder of the shares are time-based grants. |
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Derivative Financial Instruments (Tables)
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Apr. 04, 2015
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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 net foreign exchange loss (gain) 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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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 April 4, 2015, our assets and liabilities measured at fair value on a recurring basis are categorized in the table below:
As of January 3, 2015, 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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Schedule of Finite-Lived Intangible Assets [Table Text Block] | The gross and net carrying amounts of finite-lived identifiable intangible assets are as follows:
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Reorganization Costs (Tables)
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Apr. 04, 2015
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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 April 4, 2015 and March 29, 2014, are as follows:
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Schedule of Restructuring and Related Costs | The remaining liabilities and 2015 activities associated with the aforementioned actions are summarized in the table below:
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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Debt (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 04, 2015
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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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X | ||||||||||
- Details
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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Segment Information (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 04, 2015
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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 related to professional, consulting and integration costs associated with our acquisitions, as well as consulting, retention and transition costs associated with our organizational effectiveness program charged to selling, general and administrative, or SG&A, expenses. Also included is a gain of $6,600 related to the final settlement of a class action lawsuit against the manufacturers of LCD flat panel displays, which was recorded as a reduction of SG&A expense in North America in the first quarter of 2014. 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 | ||
---|---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
Jan. 03, 2015
|
|
Accounting Policies [Abstract] | |||
Book overdrafts | $ 263,486 | $ 400,323 | |
Trade accounts receivable sold to and held by financial institutions under uncommitted factoring programs | 220,057 | 276,808 | |
Factoring fees | $ 1,320 | $ 956 |
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 No definition available.
|
X | ||||||||||
- Details
|
Share Repurchase Program - Additional Information (Detail) (USD $)
|
Apr. 04, 2015
|
---|---|
Equity [Abstract] | |
Shares authorized for repurchase program, amount | $ 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 |
3 Months Ended |
---|---|
Apr. 04, 2015
|
|
Shares | |
Cumulative balance, Shares, Beginning Balance | 37,349 |
Issuance of Class A Common Stock, Shares | 0 |
Cumulative balance, Shares, Ending Balance | 37,349 |
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) | $ 16.77 |
Cumulative balance, Weighted Average Price Per Share, Ending Balance (in dollars per share) | $ 17.04 |
Amount | |
Cumulative balance, Amount, Beginning Balance | $ 636,493 |
Issuance of Class A Common Stock, Amount | (111) |
Cumulative balance, Amount, Ending Balance | $ 636,382 |
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 | |
---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
|
Earnings Per Share [Abstract] | ||
Net income | $ 43,275 | $ 24,833 |
Weighted average shares | 156,244 | 154,771 |
Basic EPS (in dollars per share) | $ 0.28 | $ 0.16 |
Weighted average shares, including the dilutive effect of stock-based awards (3,959 and 4,229 for the thirteen weeks ended April 4, 2015 and March 29, 2014, respectively) | 160,203 | 159,000 |
Diluted EPS (in dollars per share) | $ 0.27 | $ 0.16 |
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 (Additional Information) (Detail)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
|
Earnings Per Share [Abstract] | ||
Weighted average shares, including the dilutive effect of stock-based awards | 3,959 | 4,229 |
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 | |
---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
|
Earnings Per Share [Abstract] | ||
Stock-based awards excluded from the computation of Diluted Earnings Per Share | 2,083 | 1,466 |
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, unless otherwise specified |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
|||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||
Stock options granted (in shares) | 0 | [1] | 61 | [1] | ||||
Restricted stock and restricted stock units granted (in shares) | 18 | [1] | 87 | [1] | ||||
Stock-based compensation expense | $ 6,514 | $ 7,886 | ||||||
Related income tax benefit | $ 2,181 | $ 2,706 | ||||||
Exercised stock options (in shares) | 38 | 546 | ||||||
Vested restricted stock and/or restricted stock units (in shares) | 15 | [2] | 427 | [2] | ||||
Approximate number of shares available for grant under the 2011 Incentive Plan | 13,277 | |||||||
Restricted stock issued based on performance-based grants | 0 | 247 | ||||||
|
X | ||||||||||
- Definition
Restricted stock issued based on performance-based grants. 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.
|
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) (Not Designated as Hedging Instrument, USD $)
In Thousands, unless otherwise specified |
Apr. 04, 2015
|
Jan. 03, 2015
|
||||
---|---|---|---|---|---|---|
Derivatives, Fair Value [Line Items] | ||||||
Total derivative, notional amount | $ 2,265,044 | [1] | $ 2,313,978 | [1] | ||
Derivatives not receiving hedge accounting treatment, Fair Value | 31,412 | 29,420 | ||||
Other current assets | Foreign exchange contracts
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, notional amount | 1,630,482 | [1] | 1,863,626 | [1] | ||
Derivatives not receiving hedge accounting treatment, Fair Value | 39,420 | 31,213 | ||||
Accrued expenses | Foreign exchange contracts
|
||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative liability, notional amount | 634,562 | [1] | 450,352 | [1] | ||
Derivatives not receiving hedge accounting treatment, Fair Value | $ (8,008) | $ (1,793) | ||||
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 | |
---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
|
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Net gain (loss) recognized in earnings | $ 103,723 | $ (14,667) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Business Combination, Contingent Consideration, Liability, Fair Value of Earn-Out Obligation 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.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Fair Value Measurements - Debt Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 04, 2015
Fair value, measurements, recurring
|
Jan. 03, 2015
Fair value, measurements, recurring
|
Apr. 04, 2015
Fair value, measurements, recurring
Carrying Value
|
Jan. 03, 2015
Fair value, measurements, recurring
Carrying Value
|
Apr. 04, 2015
Fair value, measurements, recurring
Level 2
|
Jan. 03, 2015
Fair value, measurements, recurring
Level 2
|
Apr. 04, 2015
Senior unsecured notes, 5.25% due 2017
|
Jan. 03, 2015
Senior unsecured notes, 5.25% due 2017
|
Apr. 04, 2015
Senior unsecured notes, 5.25% due 2017
Level 2
|
Apr. 04, 2015
Senior unsecured notes, 5.25% due 2017
Fair value, measurements, recurring
|
Jan. 03, 2015
Senior unsecured notes, 5.25% due 2017
Fair value, measurements, recurring
|
Apr. 04, 2015
Senior unsecured notes, 5.25% due 2017
Fair value, measurements, recurring
Carrying Value
|
Jan. 03, 2015
Senior unsecured notes, 5.25% due 2017
Fair value, measurements, recurring
Carrying Value
|
Apr. 04, 2015
Senior unsecured notes, 5.25% due 2017
Fair value, measurements, recurring
Level 2
|
Jan. 03, 2015
Senior unsecured notes, 5.25% due 2017
Fair value, measurements, recurring
Level 2
|
Apr. 04, 2015
Senior unsecured notes, 5.00% due 2022
|
Jan. 03, 2015
Senior unsecured notes, 5.00% due 2022
|
Apr. 04, 2015
Senior unsecured notes, 5.00% due 2022
Level 2
|
Apr. 04, 2015
Senior unsecured notes, 5.00% due 2022
Fair value, measurements, recurring
|
Jan. 03, 2015
Senior unsecured notes, 5.00% due 2022
Fair value, measurements, recurring
|
Apr. 04, 2015
Senior unsecured notes, 5.00% due 2022
Fair value, measurements, recurring
Carrying Value
|
Jan. 03, 2015
Senior unsecured notes, 5.00% due 2022
Fair value, measurements, recurring
Carrying Value
|
Apr. 04, 2015
Senior unsecured notes, 5.00% due 2022
Fair value, measurements, recurring
Level 2
|
Jan. 03, 2015
Senior unsecured notes, 5.00% due 2022
Fair value, measurements, recurring
Level 2
|
Apr. 04, 2015
Senior unsecured notes, 4.95% due 2024
|
Jan. 03, 2015
Senior unsecured notes, 4.95% due 2024
|
Apr. 04, 2015
Senior unsecured notes, 4.95% due 2024
Level 2
|
Apr. 04, 2015
Senior unsecured notes, 4.95% due 2024
Fair value, measurements, recurring
|
Jan. 03, 2015
Senior unsecured notes, 4.95% due 2024
Fair value, measurements, recurring
|
Apr. 04, 2015
Senior unsecured notes, 4.95% due 2024
Fair value, measurements, recurring
Carrying Value
|
Jan. 03, 2015
Senior unsecured notes, 4.95% due 2024
Fair value, measurements, recurring
Carrying Value
|
Apr. 04, 2015
Senior unsecured notes, 4.95% due 2024
Fair value, measurements, recurring
Level 2
|
Jan. 03, 2015
Senior unsecured notes, 4.95% due 2024
Fair value, measurements, recurring
Level 2
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||||||||||||||||||||||||
Debt, maturity date | 2017 | 2022 | 2024 | ||||||||||||||||||||||||||||||
Debt, interest rate | 5.25% | 5.25% | 5.00% | 5.00% | 4.95% | 4.95% | |||||||||||||||||||||||||||
Debt instrument, fair value disclosure | $ 1,162,892 | $ 1,138,404 | $ 1,096,978 | $ 1,096,889 | $ 1,162,892 | $ 1,138,404 | $ 323,291 | $ 323,527 | $ 300,000 | $ 300,000 | $ 323,291 | $ 323,527 | $ 319,328 | $ 314,954 | $ 298,679 | $ 298,634 | $ 319,328 | $ 314,954 | $ 520,273 | $ 499,923 | $ 498,299 | $ 498,255 | $ 520,273 | $ 499,923 |
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, unless otherwise specified |
3 Months Ended | 0 Months Ended | 0 Months Ended | 3 Months Ended | |||||
---|---|---|---|---|---|---|---|---|---|
Apr. 04, 2015
|
Jan. 03, 2015
|
Feb. 27, 2015
Anovo Expansion SAS
|
Apr. 04, 2015
Anovo Expansion SAS
|
Feb. 27, 2015
Anovo Expansion SAS
|
Mar. 16, 2015
Distribution Business Operations in Chile and Peru
|
Apr. 04, 2015
Armada
|
Apr. 04, 2015
Maximum
|
Apr. 04, 2015
Minimum
|
|
Acquisitions [Line Items] | |||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 97.50% | 19.00% | |||||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 88,561 | $ 68,123 | $ 12,588 | ||||||
Business Combination, Consideration Transferred, Liabilities Incurred | 32,486 | 43,658 | |||||||
Identifiable intangible assets | 41,200 | ||||||||
Goodwill | 553,802 | 532,483 | 33,359 | ||||||
Business Combination, Consideration Transferred | 7,850 | ||||||||
Equity Method Investment, Ownership Percentage | 77.00% | ||||||||
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value | $ 1,391 | $ 10,114 | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 2.50% | 23.00% | |||||||
Maximum amortization period for finite-lived identifiable intangible assets | 10 years | 13 years | 3 years |
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 | ||||||||||
- 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 - Schedule of Gross Carrying Amounts (Detail) (USD $)
In Thousands, unless otherwise specified |
Apr. 04, 2015
|
Jan. 03, 2015
|
---|---|---|
Business Combinations [Abstract] | ||
Gross carrying amount of finite-lived intangible assets | $ 521,282 | $ 488,753 |
Net carrying amount of finite-lived intangible assets | $ 340,161 | $ 318,689 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Reorganization Costs - Summary of the Reorganization and Expense-Reduction Program Costs (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Apr. 04, 2015
employee
|
Mar. 29, 2014
employee
|
|
Restructuring Cost and Reserve [Line Items] | ||
Headcount Reduction | 71 | 746 |
Employee Termination Benefits | $ 3,287 | $ 38,575 |
Facility and Other Costs | 753 | 0 |
Total Reorganization Costs | 4,040 | 38,575 |
Adjustments to Prior Year Costs | 0 | (151) |
Total Reorganization Costs | 4,040 | 38,424 |
North America
|
||
Restructuring Cost and Reserve [Line Items] | ||
Employee Termination Benefits | 789 | 6,432 |
Facility and Other Costs | 33 | 0 |
Total Reorganization Costs | 822 | 6,432 |
Adjustments to Prior Year Costs | 0 | 0 |
Total Reorganization Costs | 822 | 6,432 |
Europe
|
||
Restructuring Cost and Reserve [Line Items] | ||
Employee Termination Benefits | 1,958 | 30,320 |
Facility and Other Costs | 221 | 0 |
Total Reorganization Costs | 2,179 | 30,320 |
Adjustments to Prior Year Costs | 0 | (36) |
Total Reorganization Costs | 2,179 | 30,284 |
Asia-Pacific
|
||
Restructuring Cost and Reserve [Line Items] | ||
Employee Termination Benefits | 511 | 1,354 |
Facility and Other Costs | 0 | |
Total Reorganization Costs | 511 | 1,354 |
Adjustments to Prior Year Costs | 0 | (115) |
Total Reorganization Costs | 511 | 1,239 |
Latin America
|
||
Restructuring Cost and Reserve [Line Items] | ||
Employee Termination Benefits | 29 | 469 |
Facility and Other Costs | 499 | 0 |
Total Reorganization Costs | 528 | 469 |
Adjustments to Prior Year Costs | 0 | 0 |
Total Reorganization Costs | 528 | 469 |
2015 and 2014 Reorganization actions
|
||
Restructuring Cost and Reserve [Line Items] | ||
Total Reorganization Costs | $ 4,040 |
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 Costs - Restructuring Reserve (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
||||||
Restructuring Reserve [Roll Forward] | |||||||
Remaining Liability at January 3, 2015 | $ 26,910 | ||||||
Expenses (Income), Net | 4,040 | 38,424 | |||||
Amounts Paid and Charged Against the Liability | (12,014) | ||||||
Foreign Currency Translation | (2,168) | ||||||
Remaining Liability at April 4, 2015 | 16,768 | ||||||
2015 and 2014 Reorganization actions
|
|||||||
Restructuring Reserve [Roll Forward] | |||||||
Remaining Liability at January 3, 2015 | 24,296 | ||||||
Expenses (Income), Net | 4,040 | ||||||
Amounts Paid and Charged Against the Liability | (11,700) | ||||||
Foreign Currency Translation | (2,053) | ||||||
Remaining Liability at April 4, 2015 | 14,583 | [1] | |||||
2015 and 2014 Reorganization actions | Employee termination benefits
|
|||||||
Restructuring Reserve [Roll Forward] | |||||||
Remaining Liability at January 3, 2015 | 24,296 | ||||||
Expenses (Income), Net | 3,287 | ||||||
Amounts Paid and Charged Against the Liability | (11,667) | ||||||
Foreign Currency Translation | (2,053) | ||||||
Remaining Liability at April 4, 2015 | 13,863 | ||||||
2015 and 2014 Reorganization actions | Facility Costs
|
|||||||
Restructuring Reserve [Roll Forward] | |||||||
Remaining Liability at January 3, 2015 | 0 | ||||||
Expenses (Income), Net | 753 | ||||||
Amounts Paid and Charged Against the Liability | (33) | ||||||
Foreign Currency Translation | 0 | ||||||
Remaining Liability at April 4, 2015 | 720 | ||||||
2013 and prior reorganization actions
|
|||||||
Restructuring Reserve [Roll Forward] | |||||||
Remaining Liability at January 3, 2015 | 2,614 | ||||||
Expenses (Income), Net | 0 | ||||||
Amounts Paid and Charged Against the Liability | (314) | ||||||
Foreign Currency Translation | (115) | ||||||
Remaining Liability at April 4, 2015 | 2,185 | [2] | |||||
2013 and prior reorganization actions | Employee termination benefits
|
|||||||
Restructuring Reserve [Roll Forward] | |||||||
Remaining Liability at January 3, 2015 | 118 | ||||||
Expenses (Income), Net | 0 | ||||||
Amounts Paid and Charged Against the Liability | (84) | ||||||
Foreign Currency Translation | (9) | ||||||
Remaining Liability at April 4, 2015 | 25 | ||||||
2013 and prior reorganization actions | Facility Costs
|
|||||||
Restructuring Reserve [Roll Forward] | |||||||
Remaining Liability at January 3, 2015 | 2,496 | ||||||
Expenses (Income), Net | 0 | ||||||
Amounts Paid and Charged Against the Liability | (230) | ||||||
Foreign Currency Translation | (106) | ||||||
Remaining Liability at April 4, 2015 | $ 2,160 | ||||||
|
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 |
Apr. 04, 2015
|
Jan. 03, 2015
|
---|---|---|
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | $ 1,415,567 | $ 1,468,915 |
Short-term debt and current maturities of long-term debt | (158,589) | (372,026) |
Long-term debt, less current maturities | 1,256,978 | 1,096,889 |
Senior unsecured notes, 4.95% due 2024
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | 498,299 | 498,255 |
Senior unsecured notes, 5.00% due 2022
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | 298,679 | 298,634 |
Senior unsecured notes, 5.25% due 2017
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | 300,000 | 300,000 |
North America revolving trade accounts receivable-backed financing program
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | 160,000 | 185,000 |
Lines of credit and other debt
|
||
Standby Letters of Credit [Line Items] | ||
Total debt, current and non-current | $ 158,589 | $ 187,026 |
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 (Additional Information) (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended |
---|---|---|
Apr. 04, 2015
|
Jan. 03, 2015
|
|
Senior unsecured notes, 5.25% due 2017
|
||
Standby Letters of Credit [Line Items] | ||
Debt, interest rate | 5.25% | 5.25% |
Debt Instrument, Maturity Date | Sep. 01, 2017 | Sep. 01, 2017 |
Senior unsecured notes, 5.00% due 2022
|
||
Standby Letters of Credit [Line Items] | ||
Debt, interest rate | 5.00% | 5.00% |
Debt Instrument, Maturity Date | Aug. 10, 2022 | Aug. 10, 2022 |
Debt Instrument, Unamortized Discount | $ 1,321 | $ 1,366 |
Senior unsecured notes, 4.95% due 2024
|
||
Standby Letters of Credit [Line Items] | ||
Debt, interest rate | 4.95% | 4.95% |
Debt Instrument, Maturity Date | Dec. 15, 2024 | Dec. 15, 2024 |
Debt Instrument, Unamortized Discount | $ 1,701 | $ 1,745 |
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.
|
Income Taxes - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
Jan. 03, 2015
|
|
Income Tax Disclosure [Abstract] | |||
Effective tax rate | 33.40% | 43.40% | |
Net discrete tax benefit | $ 609 | $ 1,991 | |
Net discrete tax benefit percentage points of effective tax rate | 0.90% | 4.50% | |
U.S. federal statutory rate | 35.00% | 35.00% | |
Gross unrecognized tax benefits | 28,714 | 30,372 | |
Net increase (decrease) in gross unrecognized tax benefits | 1,658 | ||
Interest and penalties on unrecognized tax benefits | $ 7,004 | $ 7,625 |
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 | ||||||||||
- 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.
|
Segment Information - Financial Information by Reporting Segments (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
Jan. 03, 2015
|
|
Segment Reporting Information [Line Items] | |||
Net sales | $ 10,644,426 | $ 10,383,989 | |
Income from operations | 97,715 | 68,360 | |
Stock-based compensation expense | (6,514) | (7,886) | |
Capital expenditures | 21,767 | 22,320 | |
Depreciation | 21,390 | 20,067 | |
Amortization of intangible assets | 15,931 | 14,152 | |
Identifiable assets | 11,773,664 | 12,831,443 | |
Long-lived assets | 779,451 | 751,119 | |
North America
|
|||
Segment Reporting Information [Line Items] | |||
Net sales | 4,441,607 | 4,142,097 | |
Income from operations | 54,300 | 61,714 | |
Capital expenditures | 16,186 | 18,674 | |
Depreciation | 15,490 | 13,638 | |
Amortization of intangible assets | 10,472 | 9,712 | |
Identifiable assets | 5,445,884 | 5,899,901 | |
Long-lived assets | 551,807 | 561,809 | |
Europe
|
|||
Segment Reporting Information [Line Items] | |||
Net sales | 3,074,297 | 3,459,288 | |
Income from operations | 6,920 | (11,206) | |
Capital expenditures | 2,686 | 2,021 | |
Depreciation | 2,759 | 3,659 | |
Amortization of intangible assets | 3,299 | 2,829 | |
Identifiable assets | 3,186,980 | 3,599,400 | |
Long-lived assets | 142,056 | 105,913 | |
Asia-Pacific
|
|||
Segment Reporting Information [Line Items] | |||
Net sales | 2,544,210 | 2,289,139 | |
Income from operations | 31,627 | 16,748 | |
Capital expenditures | 2,339 | 1,349 | |
Depreciation | 2,716 | 2,414 | |
Amortization of intangible assets | 1,958 | 1,405 | |
Identifiable assets | 2,369,814 | 2,564,273 | |
Long-lived assets | 73,570 | 76,177 | |
Latin America
|
|||
Segment Reporting Information [Line Items] | |||
Net sales | 584,312 | 493,465 | |
Income from operations | 11,382 | 8,990 | |
Capital expenditures | 556 | 276 | |
Depreciation | 425 | 356 | |
Amortization of intangible assets | 202 | 206 | |
Identifiable assets | 770,986 | 767,869 | |
Long-lived assets | $ 12,018 | $ 7,220 |
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.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Segment Information - Integration, Transition and Other Costs (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||||
---|---|---|---|---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
|||||
Segment Reporting Information [Line Items] | ||||||
Integration, transition and other costs | $ 7,489 | [1] | $ 1,987 | [1] | ||
Litigation settlement, amount | 6,600 | |||||
North America
|
||||||
Segment Reporting Information [Line Items] | ||||||
Integration, transition and other costs | 4,834 | [1] | 101 | [1] | ||
Europe
|
||||||
Segment Reporting Information [Line Items] | ||||||
Integration, transition and other costs | 1,286 | [1] | 509 | [1] | ||
Asia-Pacific
|
||||||
Segment Reporting Information [Line Items] | ||||||
Integration, transition and other costs | 1,369 | [1] | 1,377 | [1] | ||
Latin America
|
||||||
Segment Reporting Information [Line Items] | ||||||
Integration, transition and other costs | $ 0 | [1] | $ 0 | [1] | ||
|
X | ||||||||||
- Definition
Integration, Transition And Other Costs No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Segment Information - Schedule of Revenue and Long-lived Assets by Geographic Location (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Apr. 04, 2015
|
Mar. 29, 2014
|
Jan. 03, 2015
|
|
Revenues from External Customers and Long-Lived Assets [Line Items] | |||
Net sales | $ 10,644,426 | $ 10,383,989 | |
Net sales, percentage | 100.00% | 100.00% | |
Long-lived assets | 779,451 | 751,119 | |
United States
|
|||
Revenues from External Customers and Long-Lived Assets [Line Items] | |||
Net sales | 4,112,128 | 3,735,851 | |
Net sales, percentage | 39.00% | 36.00% | |
Long-lived assets | 530,663 | 493,475 | |
Outside of the United States
|
|||
Revenues from External Customers and Long-Lived Assets [Line Items] | |||
Net sales | 6,532,298 | 6,648,138 | |
Net sales, percentage | 61.00% | 64.00% | |
Long-lived assets | $ 248,788 | $ 257,644 |
X | ||||||||||
- Definition
Revenues, Geographic Location, Percentage No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Commitments and Contingencies - Additional Information (Detail)
In Thousands, unless otherwise specified |
3 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 04, 2015
USD ($)
|
Apr. 04, 2015
BRL
|
Apr. 04, 2015
2005 Federal import tax assessment
USD ($)
|
Apr. 04, 2015
2005 Federal import tax assessment
BRL
|
Apr. 04, 2015
2007 Sao Paulo Municipal tax assessment
USD ($)
|
Apr. 04, 2015
2007 Sao Paulo Municipal tax assessment
BRL
|
Apr. 04, 2015
2011 Federal income tax assessment
USD ($)
|
Apr. 04, 2015
2011 Federal income tax assessment
BRL
|
Apr. 04, 2015
2012 Sao Paulo Municipal tax assessment
USD ($)
|
Apr. 04, 2015
2012 Sao Paulo Municipal tax assessment
BRL
|
Apr. 04, 2015
2013 Sao Paulo Municipal tax assessment
USD ($)
|
Apr. 04, 2015
2013 Sao Paulo Municipal tax assessment
BRL
|
|
Contingencies And Commitments [Line Items] | ||||||||||||
Amount of commercial taxes due on the import of software acquired | $ 4,037 | 12,714 | ||||||||||
Amount of service taxes due on the resale of software | 9,244 | 29,111 | ||||||||||
Amount of penalties on service taxes | 8,247 | 25,972 | 476 | 1,498 | 1,703 | 5,362 | ||||||
Amount of statutory penalties for delays in providing certain electronic files | 5,049 | 15,900 | ||||||||||
Amount of service taxes due on the importation of software | 951 | 2,996 | 3,406 | 10,725 | ||||||||
Amount of penalties and interest likely to be assessed | 79,600 | 250,678 | ||||||||||
Maximum amount of reimbursement to third party | $ 9,464 |
X | ||||||||||
- Definition
Amount of commercial taxes due on the import of software acquired. 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 Service Taxes Due on the Importation of Software No definition available.
|
X | ||||||||||
- Definition
Amount of statutory penalties for delays in providing certain electronic files. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum amount of reimbursement to third party. No definition available.
|
Subsequent Events - Additional Information (Details) (USD $)
|
Apr. 04, 2015
|
Jan. 03, 2015
|
Apr. 04, 2015
North America revolving trade accounts receivable-backed financing program
|
Jan. 03, 2015
North America revolving trade accounts receivable-backed financing program
|
Apr. 15, 2015
North America revolving trade accounts receivable-backed financing program
Subsequent Event
|
---|---|---|---|---|---|
Subsequent Event [Line Items] | |||||
Borrowing capacity | $ 675,000 | ||||
Increase in borrowing capacity | 250,000 | ||||
Debt Current And Non Current | $ 1,415,567,000 | $ 1,468,915,000 | $ 160,000,000 | $ 185,000,000 |
X | ||||||||||
- Definition
Total debt, current and non current. No definition available.
|
X | ||||||||||
- Definition
Debt, Current And Non Current, Increase In Borrowing Capacity, Amount No definition available.
|
X | ||||||||||
- Definition
Debt, Current And Non Current, Maximum Borrowing Capacity No definition available.
|
X | ||||||||||
- Details
|