Segment Information (Tables)

9 Months Ended

Oct. 31, 2015

Schedule of Segment Reporting Information, by Segment

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).