Impairments of Long-Lived Assets and Loss on Disposition of Businesses

12 Months Ended

Dec. 31, 2019

Impairment of Long-Lived Assets and Loss on Disposition of Businesses [Abstract]

Impairments of Long-Lived Assets and Loss on Disposition[Text Block]

Impairment of Long-Lived Assets and Loss on Disposition of Businesses

During the second quarter of 2019, the company committed to a plan to close its personal computer and mobility asset disposition business within the global components business segment. In light of the plan, the company performed an impairment analysis of the long-lived assets of the personal computer and mobility asset disposition business in accordance with ASC 360 and recorded a pre-tax impairment charge of $74,908 to write-down certain assets of the personal computer and mobility asset disposition business to estimated fair value in the second quarter of 2019. During 2019, the company recorded $7,163 in impairment charges related to various other fixed assets, unrelated to the personal computer and mobility asset disposition business.

During 2019, the company completed the disposition of three foreign subsidiaries related to the personal computer and mobility asset disposition business, and recognized a loss on disposition of business, net of $19,384, primarily related to the reclassification of cumulative translation adjustment to earnings upon the sales. Also during 2019, the company recorded a $1,868 net loss on the disposition of two non-strategic businesses, unrelated to the personal computer and mobility asset disposition business.

During 2018 and 2017, the company recorded a loss on disposition of businesses, net of $3,604 and $21,000, respectively, related to the sale of two non-strategic businesses.