During today's discussions, we will make statements that are forward-looking. These forward-looking statements and all other statements made on this call that are not historical facts are subject to a number of risks and uncertainties. Please refer to today's news release and documents filed with the SEC, specifically the Risk Factors listed in Item 1A of both our Form 10-K for the fiscal year ended December 31, 2011, and our Form 10-Q for the fiscal quarter ended March 31, 2012, for more information on the risks that could cause actual results to differ materially.
In addition, this conference call is the property of Ingram Micro and may not be recorded or rebroadcast without specific written permission from the company. The presentation slides and a replay of the call will be available for 1 week on the company's website or by calling (888) 562-2781.
I'd now like to turn the call over to Bill. Bill?
William D. HumesThank you, Damon, and good afternoon, everyone. We reported another solid quarter with relatively strong organic sales growth in local currencies, particularly in light of the overall IT spending environment. We also maintained a sharp focus on aligning our core structure with both the level in mix of revenues in each region. This help provide good levels of profitability and returns on invested capital that exceeded our weighted average cost of capital by approximately 150 basis points. Turning to some specifics of our second quarter performance. Worldwide sales were essentially flat in U.S. dollars at $8.78 billion when compared to Q2 last year. The translation effect of foreign currencies had a negative impact of 5 percentage points. North America sales were the highest for a second quarter in more than 10 years, increasing 2% to $3.8 billion. The increase was driven in part by strong growth in our specialty and enterprise technology value businesses, as well as a solid increase in our U.S. broad line business. This growth was somewhat offset by decline in our Canadian broad line business, as the year earlier quarter benefited from a significant new product launch from a large vendor.