Segment Information (Tables)

6 Months Ended

Jul. 31, 2015

Schedule of Segment Reporting Information, by Segment

Financial information by geographic segment is as follows:



	Three months ended July 31,						Six months ended July 31,
	2015			2014			2015			2014
	(In thousands)
Net sales to unaffiliated customers:
Americas ⁽¹⁾	$	2,745,429		$	2,722,191		$	5,084,689		$	5,198,462
Europe	3,834,964			4,119,618			7,382,933			8,371,498
Total	$	6,580,393		$	6,841,809		$	12,467,622		$	13,569,960

Operating income:
Americas ^{(2) (3)}	$	60,752		$	38,854		$	123,111		$	65,137
Europe ^{(4) (5)}	49,443			32,725			72,840			39,911
Stock-based compensation expense	(3,960		)	(3,869		)	(7,778		)	(5,842		)
Total	$	106,235		$	67,710		$	188,173		$	99,206

Depreciation and amortization:
Americas	$	4,472		$	4,188		$	8,513		$	8,306
Europe	9,520			13,525			19,658			27,623
Total	$	13,992		$	17,713		$	28,171		$	35,929

Capital expenditures:
Americas	$	4,222		$	3,370		$	8,086		$	4,852
Europe	3,530			3,871			6,910			6,616
Total	$	7,752		$	7,241		$	14,996		$	11,468



	As of
	July 31, 2015		January 31, 2015
	(In thousands)
Identifiable assets:
Americas	$	2,185,420	$	1,949,414
Europe	3,960,149		4,187,311
Total	$	6,145,569	$	6,136,725

Long-lived assets:
Americas⁽¹⁾	$	25,910	$	24,121
Europe	37,160		38,983
Total	$	63,070	$	63,104

Goodwill & acquisition-related intangible assets, net:
Americas	$	36,811	$	8,810
Europe	298,039		309,158
Total	$	334,850	$	317,968

(1)

Net sales to unaffiliated customers in the United States represented 91% and 87%, respectively, of the total Americas' net sales to unaffiliated customers for the three months ended July 31, 2015 and 2014. Net sales to unaffiliated customers in the United States represented 89% and 85%, respectively, of the total Americas' net sales to unaffiliated customers for the six months ended July 31, 2015 and 2014. Total long-lived assets in the United States represented 93% and 92% of the Americas' total long-lived assets at July 31, 2015 and January 31, 2015, respectively.

(2) Operating income in the Americas for the three months ended July 31, 2015 includes a gain related to LCD settlements, net of $21.5 million and restatement and remediation related expenses of $0.1 million. Operating income in the Americas for the six months ended July 31, 2015 includes a gain related to LCD settlements, net of $60.0 million and restatement and remediation related expenses of $0.2 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).

(3) Operating income in the Americas for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $0.2 million and $3.1 million, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).

(4)

Operating income in Europe for the three and six months ended July 31, 2015 includes a decrease in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies). Operating income in Europe for the six months ended July 31, 2015 includes restatement and remediation expenses of $0.6 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).

(5) Operating income in Europe for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $5.2 million and $14.6 million, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies) and a decrease in the accrual for VAT matters in the Company's Spanish subsidiary of $6.2 million (see further discussion in Note 9 – Commitments & Contingencies).