Share Repurchase Program

3 Months Ended

Mar. 30, 2013

Note 2 – Share Repurchase Program

In October 2010, our Board of Directors authorized a three-year, $400,000 share repurchase program, of which $124,095 is remaining for repurchase at March 30, 2013. Under the 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 (see Note 4). We did not repurchase shares during the thirteen weeks ended March 30, 2013 and March 31, 2012. Our stock issuance activity for the thirteen weeks ended March 30, 2013 and March 31, 2012 is summarized in the table below:


	Shares			Weighted Average Price Per Share		Amount
Cumulative balance at December 29, 2012		38,029		$	17.04	$	648,066
Issuance of Class A Common Stock		(302	)		17.24		(5,208	)

Cumulative balance at March 30, 2013		37,727			17.04	$	642,858


Cumulative balance at December 31, 2011		35,643		$	16.96	$	604,331
Issuance of Class A Common Stock		(293	)		18.45		(5,397	)

Cumulative balance at March 31, 2012		35,350			16.94	$	598,934