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ARROW ELECTRONICS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands except per share data)
71
2009 Restructuring Charge
The following table presents the components of the 2009 restructuring charge of $100,274 and activity in
the related restructuring accrual for 2009 and 2010:
Personnel
Costs Facilities Other Total
Restructuring charge $ 90,896 $ 8,016 $ 1,362 $ 100,274
Payments (65,524) (1,747) (1,138) (68,409)
Foreign currency translation 8 18 - 26
December 31, 2009 25,380 6,287 224 31,891
Restructuring charge (credit) 2,397 (2,008) (23) 366
Payments (24,418) (555) (201) (25,174)
Foreign currency translation (1,611) (399) - (2,010)
December 31, 2010 $ 1,748 $ 3,325 $ - $ 5,073
The restructuring charge of $100,274 in 2009 primarily includes personnel costs of $90,896 and facilities
costs of $8,016. The personnel costs are related to the elimination of approximately 1,605 positions
within the global components business segment and approximately 320 positions within the global ECS
business segment. The facilities costs are related to exit activities for 28 vacated facilities worldwide 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.
2008 Restructuring Charge
The following table presents the components of the 2008 restructuring charge of $69,836 and activity in
the related restructuring accrual for 2008, 2009, and 2010:
Personnel
Costs Facilities
Asset
Write-
Downs Other Total
Restructuring charge $ 39,383 $ 4,305 $ 25,423 $ 725 $ 69,836
Payments (24,238) (474) - (225 ) (24,937)
Non-cash usage - - (25,423) - (25,423)
Reclassification of capital lease - 810 - - 810
Foreign currency translation (949) 78 - - (871)
December 31, 2008 14,196 4,719 - 500 19,415
Restructuring charge (credit) 505 141 2,112 (49 ) 2,709
Payments (13,069) (2,308) - (55 ) (15,432)
Non-cash usage - - (2,112) (197 ) (2,309)
Foreign currency translation (75) 84 - 9 18
December 31, 2009 1,557 2,636 - 208 4,401
Restructuring charge (credit) (255) 544 - (85 ) 204
Payments (1,179) (1,300) - - (2,479)
Non-cash usage - (582) - (104 ) (686)
Foreign currency translation (11) (70) - (19 ) (100)
December 31, 2010 $ 112 $ 1,228 $ - $ - $ 1,340