Acquisitions (Tables)

6 Months Ended

Jul. 02, 2011

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Text Block]

The following table summarizes the preliminary allocation of the net consideration paid to the fair value of the assets acquired and liabilities assumed for the Richardson RFPD and Nu Horizons acquisitions:

Accounts receivable, net	$	194,312
Inventories	169,881
Property, plant and equipment	11,278
Other assets	8,137
Identifiable intangible assets	90,900
Cost in excess of net assets of companies acquired	31,951
Accounts payable	(98,967		)
Accrued expenses	(19,405		)
Other liabilities	(4,080		)
Noncontrolling interest	(3,239		)
Fair value of net assets acquired	380,768
Gain on bargain purchase	(1,755		)
Cash consideration paid, net of cash acquired	$	379,013

In connection with the Richardson RFPD and Nu Horizons acquisitions, the company allocated the following amounts to identifiable intangible assets:

	Weighted-Average Life
Customer relationships	8 years	$	35,400
Trade names	indefinite	49,000
Other intangible assets	(a)	6,500
Total identifiable intangible assets		$	90,900

(a) Consists of non-competition agreements and sales backlog with useful lives ranging from 1 to 3 years.

Business Acquisition Results of Operations And Pro Forma Information [Text Block]

The following table summarizes the company's unaudited consolidated results of operations for the second quarter and first six months of 2010, as well as the unaudited pro forma consolidated results of operations of the company, as though the Richardson RFPD, Nu Horizons, Pansystem, Cross, Intechra, Shared, Converge, Verical, Sphinx, Transim, Eshel, and Diasa acquisitions occurred on January 1:

	Quarter Ended				Six Months Ended
	July 3, 2010				July 3, 2010
	As Reported		Pro Forma		As Reported		Pro Forma
Sales	$	4,613,307	$	5,141,380	$	8,848,673	$	9,915,419
Net income attributable to shareholders	116,193		126,193		203,239		218,967
Net income per share:
Basic	$	.97	$	1.06	$	1.70	$	1.83
Diluted	$	.96	$	1.05	$	1.68	$	1.81

The following table summarizes the company's unaudited consolidated results of operations for the second quarter and first six months of 2011, as well as the unaudited pro forma consolidated results of operations of the company, as though the Richardson RFPD, Nu Horizons, Pansystem, and Cross acquisitions occurred on January 1:

	Quarter Ended				Six Months Ended
	July 2, 2011				July 2, 2011
	As Reported		Pro Forma		As Reported		Pro Forma
Sales	$	5,539,931	$	5,550,949	$	10,762,934	$	10,883,029
Net income attributable to shareholders	156,197		156,361		292,506		296,285
Net income per share:
Basic	$	1.35	$	1.35	$	2.54	$	2.57
Diluted	$	1.33	$	1.33	$	2.49	$	2.52