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Investments in Affiliated Companies
9 Months Ended
Oct. 01, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Affiliated Companies Investments in Affiliated Companies
The company owns a 50% interest in 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 affiliated companies:
(thousands)October 1,
2022
December 31,
2021
Marubun/Arrow$56,563 $53,415 
Other9,795 10,280 
 $66,358 $63,695 

The equity in earnings of affiliated companies consists of the following:
  Quarter EndedNine Months Ended
(thousands)October 1,
2022
October 2,
2021
October 1,
2022
October 2,
2021
Marubun/Arrow$1,374 $805 $3,914 $1,697 
Other344 346 812 488 
 $1,718 $1,151 $4,726 $2,185 
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 October 1, 2022 and December 31, 2021.