Segment Information (Notes)

9 Months Ended

Oct. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

NOTE 11 — 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 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,
	2015			2014			2015			2014
	(In thousands)
Net sales to unaffiliated customers:
Americas (1)	$	2,572,751		$	2,644,085		$	7,657,440		$	7,842,547
Europe	3,855,789			4,117,096			11,238,722			12,488,594
Total	$	6,428,540		$	6,761,181		$	18,896,162		$	20,331,141
Operating income:
Americas (2) (3)	$	38,857		$	42,194		$	161,968		$	107,331
Europe (4) (5)	32,817			28,407			105,657			68,318
Stock-based compensation expense	(3,621		)	(3,856		)	(11,399		)	(9,698		)
Total	$	68,053		$	66,745		$	256,226		$	165,951
Depreciation and amortization:
Americas	$	4,884		$	4,224		$	13,397		$	12,530
Europe	9,463			12,538			29,121			40,161
Total	$	14,347		$	16,762		$	42,518		$	52,691
Capital expenditures:
Americas	$	4,046		$	3,391		$	12,132		$	8,243
Europe	4,135			4,361			11,045			10,977
Total	$	8,181		$	7,752		$	23,177		$	19,220

	As of
	October 31, 2015		January 31, 2015
	(In thousands)
Identifiable assets:
Americas	$	2,242,988	$	1,949,414
Europe	4,122,079		4,187,311
Total	$	6,365,067	$	6,136,725
Long-lived assets:
Americas (1)	$	26,947	$	24,121
Europe	37,017		38,983
Total	$	63,964	$	63,104
Goodwill & acquisition-related intangible assets, net:
Americas	$	36,228	$	8,810
Europe	291,898		309,158
Total	$	328,126	$	317,968

(1) Net sales to unaffiliated customers in the United States represented 91% and 86%, respectively, of the total Americas' net sales to unaffiliated customers for the three months ended October 31, 2015 and 2014. Net sales to unaffiliated customers in the United States represented 90% and 86%, respectively, of the total Americas' net sales to unaffiliated customers for the nine months ended October 31, 2015 and 2014. Total long-lived assets in the United States represented 94% and 92% of the Americas' total long-lived assets at October 31, 2015 and January 31, 2015, respectively.

(2) Operating income in the Americas for the three months ended October 31, 2015 includes a gain related to LCD settlements, net, of $3.0 million. Operating income in the Americas for the nine months ended October 31, 2015 includes a gain related to LCD settlements, net, of $63.1 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 months ended October 31, 2014 includes a gain related to LCD settlements, net, of $5.1 million and restatement and remediation related expenses of $0.9 million. Operating income in the Americas for the nine months ended October 31, 2014 includes the gain related to LCD settlements, net, of $5.1 million and restatement and remediation related expenses of $3.9 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).

(4) Operating income in Europe for the nine months ended October 31, 2015 includes a net decrease in the accrual for assessments and penalties for various VAT matters in two European subsidiaries of $9.6 million (see further discussion in Note 10 – Commitments & Contingencies) and 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 nine months ended October 31,2014 includes restatement and remediation related expenses of $1.2 million and $15.7 million, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies). Operating income in Europe for the nine months ended October 31, 2014 includes a decrease in the accrual for VAT matters in the Company's Spanish subsidiary of $6.2 million (see further discussion in Note 10 – Commitments & Contingencies).