Segment Information

12 Months Ended

Jan. 31, 2015

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,
	2015			2014			2013
	(In thousands)
Net sales to unaffiliated customers:
Americas (1)	$	10,406,209		$	10,188,618		$	9,823,515
Europe	17,264,423			16,633,286			15,534,814
Total	$	27,670,632		$	26,821,904		$	25,358,329
Operating income:
Americas (2)(3) (4)	$	145,107		$	156,143		$	150,055
Europe (5) (6) (7)	136,196			80,228			127,281
Stock-based compensation expense	(13,668		)	(8,858		)	(13,616		)
Total	$	267,635		$	227,513		$	263,720
Depreciation and amortization:
Americas	$	16,653		$	16,763		$	16,210
Europe	52,093			56,216			42,143
Total	$	68,746		$	72,979		$	58,353
Capital expenditures:
Americas	$	13,798		$	9,530		$	19,842
Europe	14,377			19,339			18,523
Total	$	28,175		$	28,869		$	38,365

	As of
	January 31, 2015		January 31, 2014
	(In thousands)
Identifiable assets:
Americas	$	1,950,935	$	1,984,895
Europe	4,187,311		5,184,771
Total	$	6,138,246	$	7,169,666
Long-lived assets:
Americas (1)	$	24,121	$	28,091
Europe	38,983		49,540
Total	$	63,104	$	77,631
Goodwill & acquisition-related intangible assets, net:
Americas	$	8,810	$	8,936
Europe	309,158		386,919
Total	$	317,968	$	395,855

(1) Net sales to unaffiliated customers in the United States represented 85%, 86% and 85%, respectively, of the total Americas' net sales to unaffiliated customers for the fiscal years ended January 31, 2015, 2014 and 2013, respectively. Total long-lived assets excluding goodwill, intangible assets and investments in subsidiaries in the United States represented 92% and 90% of the Americas' total long-lived assets at January 31, 2015 and 2014, respectively.

(2) Operating income in the Americas for the fiscal year ended January 31, 2015 includes a gain associated with legal settlements of $5.1 million and restatement and remediation related expenses of $4.0 million (see Note 1 - Business and Summary of Significant Accounting Policies).

(3) Operating income in the Americas for the fiscal year ended January 31, 2015 includes a $1.3 million loss on disposal of subsidiaries related to the plan to sell certain of the Company’s operations in Latin America (see Note 6 - Loss on Disposal of Subsidiaries).

(4) 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 and remediation related expenses of $13.2 million (see Note 1 - Business and Summary of Significant Accounting Policies).

(5) Operating income in Europe for the fiscal year ended January 31, 2015 includes restatement and remediation related expenses of $18.1 million and a decrease in the accrual for value added tax matters in the Company's Spanish subsidiary of $6.2 million (see Note 13 - Commitments and Contingencies).

(6) Operating income in Europe for the fiscal year ended January 31, 2014 includes $40.6 million of restatement and remediation related expenses (see Note 1 - Business and Summary of Significant Accounting Policies).

(7) Operating income in Europe for the fiscal year ended January 31, 2013 includes an increase in the accrual for value added tax matters in the Company's Spanish subsidiary of $29.5 million (see Note 13 - Commitments and Contingencies).