Segment Information

12 Months Ended

Jan. 31, 2016

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 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 (in thousands):

Year ended January 31:	2016			2015			2014
Net sales to unaffiliated customers:
Americas (1)	$	10,356,716		$	10,406,209		$	10,188,618
Europe	16,023,067			17,264,423			16,633,286
Total	$	26,379,783		$	27,670,632		$	26,821,904
Operating income:
Americas (2)(3) (4)	$	235,577		$	145,107		$	156,143
Europe (5) (6) (7)	180,741			136,196			80,228
Stock-based compensation expense	(14,890		)	(13,668		)	(8,858		)
Total	$	401,428		$	267,635		$	227,513
Depreciation and amortization:
Americas	$	18,243		$	16,653		$	16,763
Europe	39,010			52,093			56,216
Total	$	57,253		$	68,746		$	72,979
Capital expenditures:
Americas	$	18,139		$	13,798		$	9,530
Europe	15,833			14,377			19,339
Total	$	33,972		$	28,175		$	28,869

As of January 31:	2016		2015
Identifiable assets:
Americas	$	2,078,443	$	1,949,414
Europe	4,279,845		4,187,311
Total	$	6,358,288	$	6,136,725
Long-lived assets:
Americas (1)	$	29,402	$	24,121
Europe	36,626		38,983
Total	$	66,028	$	63,104
Goodwill & acquisition-related intangible assets, net:
Americas	$	35,615	$	8,810
Europe	274,401		309,158
Total	$	310,016	$	317,968

(1) Net sales to unaffiliated customers in the United States represented 90%, 85% and 86% of the total Americas' net sales to unaffiliated customers for the fiscal years ended January 31, 2016, 2015 and 2014, respectively. Total long-lived assets in the United States represented 95% and 92% of the Americas' total long-lived assets at January 31, 2016 and 2015, respectively.

(2) Operating income in the Americas for the fiscal year ended January 31, 2016 includes a gain related to LCD settlements, net, of $98.4 million (see further discussion in 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 gain related to LCD settlements, net, of $5.1 million and restatement and remediation related expenses of $4.0 million (see Note 1 - Business and Summary of Significant Accounting Policies).

(4) Operating income in the Americas for the fiscal year ended January 31, 2014 includes a gain associated with LCD settlements, net, 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, 2016 includes a net benefit of $8.8 million related to various VAT matters in two European subsidiaries (see further discussion in Note 13 - Commitments & Contingencies).

(6) Operating income in Europe for the fiscal year ended January 31, 2015 includes restatement and remediation related expenses of $18.1 million (see further discussion in Note 1 - Business and Summary of Significant Accounting Policies) 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).

(7) 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).