The charges are related to accounts receivable from Micro Warehouse which filed for bankruptcy protection Wednesday after selling certain North American assets to rival CDW for $22 million.

Ingram said Micro Warehouse was one of its larger North American customers with sales of approximately $75 million for the second quarter of 2003 with outstanding accounts receivable of approximately $25 million and related allowances for bad debt of approximately $5 million.

The company said that it was "unfortunate that you have a distributor like Ingram who essentially in one day is writing off approximately 10 years worth of profit."

Ingram currently has outstanding receivables of approximately $12 million from Micro Warehouse's European operations, which were not affected directly by Micro Warehouse's announced sale of assets to CDW or the U.S. Micro Warehouse bankruptcy filing.