Investments in Affiliated Companies

12 Months Ended

Dec. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Investments in Affiliated Companies [Text Block]

Investments in Affiliated Companies

The company owns a 50% interest in each of the two joint ventures with Marubun Corporation (collectively “Marubun/Arrow”) and a 50% interest in one other joint venture. These investments are accounted for using the equity method.

The following table presents the company's investment in the following joint ventures at December 31:

	2020		2019
Marubun/Arrow	$	65,943	$	76,574
Other	10,415		10,368
	$	76,358	$	86,942

The equity in earnings (losses) of affiliated companies for the years ended December 31 consists of the following:

	2020		2019		2018
Marubun/Arrow	$	(726)	$	3,066	$	5,543
Other	195		(5,831)		(7,875)
	$	(531)	$	(2,765)	$	(2,332)

Under the terms of various joint venture agreements, the company is required to pay its pro-rata share of the third party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations. There were no outstanding borrowings under the third party debt agreements of the joint ventures as of December 31, 2020. The company's pro-rata share of this debt was approximately $1,700 at December 31, 2019. The company believes there is sufficient equity in each of the joint ventures to meet the obligations.