Segment Information

9 Months Ended

Oct. 31, 2014

Segment Reporting Information, Additional Information [Abstract]

Segment Information

SEGMENT INFORMATION

Tech Data operates predominantly 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 reports 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:

	Three months ended  October 31,						Nine months ended October 31,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Net sales to unaffiliated customers:
Americas (1)	$	2,644,085		$	2,571,750		$	7,842,547		$	7,489,078
Europe	4,117,096			3,801,814			12,488,594			11,359,719
Total	$	6,761,181		$	6,373,564		$	20,331,141		$	18,848,797
Operating income:
Americas (2)	$	42,194		$	53,297		$	107,331		$	112,516
Europe (3) (4)	28,407			12,214			68,318			24,203
Stock-based compensation expense	(3,856		)	(1,631		)	(9,698		)	(6,949		)
Total	$	66,745		$	63,880		$	165,951		$	129,770
Depreciation and amortization:
Americas	$	4,224		$	4,067		$	12,530		$	12,564
Europe	12,538			14,296			40,161			41,874
Total	$	16,762		$	18,363		$	52,691		$	54,438
Capital expenditures:
Americas	$	3,391		$	1,730		$	8,243		$	5,348
Europe	4,361			4,273			10,977			15,589
Total	$	7,752		$	6,003		$	19,220		$	20,937

	As of
	October 31, 2014		January 31, 2014
	(In thousands)
Identifiable assets:
Americas	$	2,193,403	$	1,984,895
Europe	4,471,838		5,184,771
Total	$	6,665,241	$	7,169,666
Long-lived assets:
Americas(1)	$	22,508	$	28,091
Europe	43,595		49,540
Total	$	66,103	$	77,631
Goodwill & acquisition-related intangible assets, net:
Americas	$	8,979	$	8,936
Europe	344,350		386,919
Total	$	353,329	$	395,855

(1) Net sales to unaffiliated customers in the United States represented 86% and 87%, respectively, of the total Americas' net sales to unaffiliated customers for the three months ended October 31, 2014 and 2013. Net sales to unaffiliated customers in the United States represented 86% of the total Americas' net sales to unaffiliated customers for each of the nine months ended October 31, 2014 and 2013. Total long-lived assets in the United States represented 87% and 90% of the Americas' total long-lived assets at October 31, 2014 and January 31, 2014, respectively.

(2) Operating income in the Americas for the three months ended October 31, 2014 and 2013 includes restatement and remediation related expenses of $0.9 million and $3.3 million, respectively, and LCD settlements of $5.1 million and $22.9 million, respectively. Operating income in the Americas for the nine months ended October 31, 2014 and 2013 includes restatement and remediation related expenses of $3.9 million and $8.1 million, respectively, and LCD settlements of $5.1 million and $22.9 million, respectively.

(3) Operating income in Europe for the three months ended October 31, 2014 and 2013 includes restatement and remediation related expenses of $1.2 million and $11.6 million, respectively. Operating income in Europe for the nine months ended October 31, 2014 and 2013 includes restatement and remediation related expenses of $15.7 million and $20.9 million, respectively.

(4) Operating income in Europe for the nine months ended October 31, 2014 includes a decrease in an accrual for a value added tax assessment of $6.2 million in one of the Company's subsidiaries in Spain.