Interim Financial Information (Unaudited)

12 Months Ended

Jan. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Interim Financial Information

INTERIM FINANCIAL INFORMATION (UNAUDITED)

Interim financial information for fiscal years 2015 and 2014 is as follows:

	Quarter ended
	April 30 (1)		July 31 (1) (2)		October 31 (1) (3)		January 31 (1) (4) (5)
	(In thousands, except per share amounts)
Fiscal year 2015:
Net sales	$	6,728,151	$	6,841,809	$	6,761,181	$	7,339,491
Gross profit	335,328		351,372		334,985		372,269
Operating income	31,496		67,710		66,745		101,684
Consolidated net income	13,467		39,328		41,700		80,677
Net income attributable to shareholders of Tech Data Corporation	$	13,467	$	39,328	$	41,700	$	80,677
Net income per share attributable to shareholders of Tech Data Corporation:
Basic	$	0.35	$	1.03	$	1.09	$	2.12
Diluted	$	0.35	$	1.03	$	1.09	$	2.11

	Quarter ended
	April 30 (6)		July 31 (6)		October 31 (6)(7)		January 31 (6)(7)(8)
	(In thousands, except per share amounts)
Fiscal year 2014:
Net sales	$	6,147,757	$	6,327,476	$	6,373,564	$	7,973,107
Gross profit	322,414		315,840		326,076		398,016
Operating income	36,031		29,859		63,880		97,743
Consolidated net income	17,760		14,695		37,716		109,761
Net income attributable to shareholders of Tech Data Corporation	$	17,760	$	14,695	$	37,716	$	109,761
Net income per share attributable to shareholders of Tech Data Corporation:
Basic	$	0.47	$	0.39	$	0.99	$	2.88
Diluted	$	0.47	$	0.38	$	0.99	$	2.87

(1) During the first, second, third and fourth quarters of fiscal 2015, the Company recorded $12.2 million, $5.4 million, $2.1 million and $2.3 million of restatement and remediation related expenses, respectively (see further discussion in Note 1 - Business and Summary of Significant Accounting Policies).

(2) During the second quarter of fiscal 2015, the Company decreased its accrual for value added tax matters in its Spanish subsidiary by $6.2 million (see further discussion in Note 13 - Commitments and Contingencies).

(3) During the third quarter of fiscal 2015, the Company recorded a gain of $5.1 million associated with legal settlements (see further discussion in Note 1 - Business and Summary of Significant Accounting Policies).

(4) During the fourth quarter of fiscal 2015, the Company recorded a loss of $1.3 million on disposal of subsidiaries related to the plan to sell certain of the Company’s operations in Latin America (see further discussion in Note 6 - Loss on Disposal of Subsidiaries).

(5) During the fourth quarter of fiscal 2015, the Company recorded income tax benefits of $19.2 million primarily related to the reversal of deferred tax valuation allowances in certain jurisdictions in Europe, partially offset by income tax expenses of $5.6 million related to undistributed earnings on assets held for sale in certain Latin American jurisdictions (see further discussion in Note 8 - Income Taxes).

(6) During the first, second, third and fourth quarters of fiscal 2014, the Company recorded $3.0 million, $11.0 million, $15.0 million and $24.8 million of restatement and remediation related expenses, respectively (see further discussion in Note 1 - Business and Summary of Significant Accounting Policies).

(7) During the third and fourth quarters of fiscal 2014, the Company recorded gains of $22.9 million and $12.6 million, respectively, associated with legal settlements (see further discussion in Note 1 - Business and Summary of Significant Accounting Policies).

(8) During the fourth quarter of fiscal 2014, the Company recorded a $45.3 million reversal of deferred tax valuation allowances primarily related to certain jurisdictions in Europe (see further discussion in Note 8 - Income Taxes).