Segment Information

12 Months Ended

Jan. 31, 2014

Segment Reporting Information, Additional Information [Abstract]

Segment Information

SEGMENT INFORMATION

Tech Data operates predominately in a single industry segment as a distributor of technology products, logistics management, and other value-added services. While the Company operates primarily in one industry, it is managed based on geographic segments: the Americas (including North America and South America) and Europe. The Company assesses performance of and makes decisions on how to allocate resources to its operating segments based on multiple factors including current and projected operating income and market opportunities. The Company does not consider stock-based compensation expense in assessing the performance of its operating segments, and therefore the Company is reporting stock-based compensation expense as a separate amount. The accounting policies of the segments are the same as those described in Note 1 - Business and Summary of Significant Accounting Policies.

Financial information by geographic segment is as follows:

	Year ended January 31,
	2014			2013			2012
	(In thousands)
Net sales to unaffiliated customers
Americas (1)	$	10,188,618		$	9,823,515		$	10,405,428
Europe	16,633,286			15,534,814			15,241,885
Total	$	26,821,904		$	25,358,329		$	25,647,313
Operating income
Americas (2) (3)	$	156,143		$	150,055		$	173,978
Europe (4) (5)	80,228			127,281			142,562
Stock-based compensation expense	(8,858		)	(13,616		)	(11,994		)
Total	$	227,513		$	263,720		$	304,546
Depreciation and amortization
Americas	$	16,763		$	16,210		$	16,338
Europe	56,216			42,143			40,994
Total	$	72,979		$	58,353		$	57,332
Capital expenditures
Americas	$	9,530		$	19,842		$	29,240
Europe	19,339			18,523			15,319
Total	$	28,869		$	38,365		$	44,559

	As of
	January 31, 2014		January 31, 2013
	(In thousands)
Identifiable assets:
Americas	$	1,984,895	$	2,004,295
Europe	5,184,771		4,826,665
Total	$	7,169,666	$	6,830,960
Long-lived assets:
Americas (1)	$	28,091	$	30,492
Europe	49,540		53,903
Total	$	77,631	$	84,395
Goodwill & acquisition-related intangible assets, net:
Americas	$	8,936	$	2,966
Europe	386,919		409,534
Total	$	395,855	$	412,500

(1) Net sales to unaffiliated customers in the United States represented 86%, 85% and 83%, respectively, of the total Americas' net sales to unaffiliated customers for the fiscal years ended January 31, 2014, 2013 and 2012, respectively. Total long-lived assets excluding goodwill, intangible assets and investments in subsidiaries in the United States represented 90% of the Americas' total long-lived assets at both January 31, 2014 and 2013.

(2) Operating income in the Americas for the fiscal year ended January 31, 2014 includes a gain associated with legal settlements of $35.5 million and restatement-related expenses of $13.2 million. See Note 1 - Business and Summary of Significant Accounting Policies.

(3) During fiscal 2012, the Company incurred a $28.3 million loss on disposal of subsidiaries related to the closure of the operations in Brazil and Colombia (see further discussion in Note 6 - Loss on Disposal of Subsidiaries).

(4) Operating income in Europe for the fiscal year ended January 31, 2014 includes $40.6 million of restatement-related expenses.

(5) Operating income in Europe for the fiscal year ended January 31, 2013 includes a VAT assessment of $29.5 million in relation to an assessment and penalties for various VAT matters in one of the Company’s subsidiaries in Spain (see further discussion in Note 13 - Commitments and Contingencies).