Segment Information (Notes)

3 Months Ended

Apr. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

NOTE 8 — SEGMENT INFORMATION

The Company 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 (in thousands):

	Three months ended April 30,
	2016			2015
Net sales to unaffiliated customers:
Americas (1)	$	2,388,004		$	2,339,260
Europe	3,575,358			3,547,969
Total	$	5,963,362		$	5,887,229
Operating income:
Americas (2)	$	31,275		$	62,359
Europe	24,940			23,397
Stock-based compensation expense	(3,657		)	(3,818		)
Total	$	52,558		$	81,938
Depreciation and amortization:
Americas	$	4,890		$	4,041
Europe	9,157			10,138
Total	$	14,047		$	14,179
Capital expenditures:
Americas	$	6,097		$	3,864
Europe	5,466			3,380
Total	$	11,563		$	7,244

As of:	April 30, 2016		January 31, 2016
Identifiable assets:
Americas	$	1,976,795	$	2,078,443
Europe	4,214,101		4,279,845
Total	$	6,190,896	$	6,358,288
Long-lived assets:
Americas (1)	$	32,184	$	29,402
Europe	38,995		36,626
Total	$	71,179	$	66,028
Goodwill & acquisition-related intangible assets, net:
Americas	$	35,034	$	35,615
Europe	281,944		274,401
Total	$	316,978	$	310,016

(1) Net sales to unaffiliated customers in the United States represented 88% and 87%, respectively, of the total Americas' net sales to unaffiliated customers for the three months ended April 30, 2016 and 2015. Total long-lived assets in the United States represented 95% of the Americas' total long-lived assets at both April 30, 2016 and January 31, 2016.

(2) Operating income in the Americas for the three months ended April 30, 2016 and 2015 includes a gain related to LCD settlements, net, of $0.4 million and $38.5 million, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).