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ARROW ELECTRONICS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands except per share data)
70
9. Restructuring, Integration, and Other Charges
In 2010, 2009, and 2008, the company recorded restructuring, integration, and other charges of $33,494
($24,605 net of related taxes or $.21 per share on both a basic and diluted basis), $105,514 ($75,720 net of
related taxes or $.63 per share on both a basic and diluted basis), and $80,955 ($61,876 net of related
taxes or $.51 per share on both a basic and diluted basis), respectively.
The following table presents the components of the restructuring, integration, and other charges for the
years ended December 31, 2010, 2009, and 2008:
2010 2009 2008
Restructuring charges – current period actions $ 21,641 $ 100,274 $ 69,836
Integration charges – current period actions - - 551
Restructuring and integration charges – actions taken in prior periods (559) 1,364 (322)
Acquisition-related expenses 12,412 3,876 -
Preference claim from 2001 - - 10,890
$ 33,494 $ 105,514 $ 80,955
2010 Restructuring Charge
The following table presents the components of the 2010 restructuring charge of $21,641 and activity in
the related restructuring accrual for 2010:
Personnel
Costs Facilities Other Total
Restructuring charge $ 14,711 $ 2,329 $ 4,601 $ 21,641
Payments (12,583) (1,019) (3,049 ) (16,651)
Non-cash usage - - (657 ) (657)
Foreign currency translation (44) 12 79 47
December 31, 2010 $ 2,084 $ 1,322 $ 974 $ 4,380
The restructuring charge of $21,641 in 2010 primarily includes personnel costs of $14,711 and facilities
costs of $2,329. The personnel costs are related to the elimination of approximately 180 positions within
the global ECS business segment and approximately 100 positions within the global components
business segment. The facilities costs are related to exit activities for 7 vacated facilities in the Americas
and EMEA due to the company's continued efforts to streamline its operations and reduce real estate
costs. These initiatives are due to the company's continued efforts to lower cost and drive operational
efficiency.