Segment Information (Tables)

9 Months Ended

Oct. 31, 2016

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Financial information by geographic segment is as follows (in thousands):

	Three months ended October 31,						Nine months ended October 31,
	2016			2015			2016			2015
Net sales to unaffiliated customers:
Americas (1)	$	2,614,347		$	2,572,751		$	7,677,237		$	7,657,440
Europe	3,875,918			3,855,789			11,130,129			11,238,722
Total	$	6,490,265		$	6,428,540		$	18,807,366		$	18,896,162
Operating income:
Americas (2) (3)	$	32,414		$	38,857		$	104,930		$	161,968
Europe (2) (4)	34,008			32,817			94,875			105,657
Stock-based compensation expense	(3,550		)	(3,621		)	(11,020		)	(11,399		)
Total	$	62,872		$	68,053		$	188,785		$	256,226
Depreciation and amortization:
Americas	$	4,323		$	4,884		$	14,118		$	13,397
Europe	8,805			9,463			27,105			29,121
Total	$	13,128		$	14,347		$	41,223		$	42,518
Capital expenditures:
Americas	$	4,004		$	4,046		$	15,489		$	12,132
Europe	4,564			4,135			15,414			11,045
Total	$	8,568		$	8,181		$	30,903		$	23,177

As of:	October 31, 2016		January 31, 2016
Identifiable assets:
Americas	$	2,302,283	$	2,078,443
Europe	4,160,381		4,279,845
Total	$	6,462,664	$	6,358,288
Long-lived assets:
Americas (1)	$	34,805	$	29,402
Europe	37,895		36,626
Total	$	72,700	$	66,028
Goodwill & acquisition-related intangible assets, net:
Americas	$	33,874	$	35,615
Europe	249,977		274,401
Total	$	283,851	$	310,016

(1) Net sales to unaffiliated customers in the United States represented 91% of the total Americas' net sales to unaffiliated customers for the three months ended October 31, 2016 and 2015, and 90% of the total Americas' net sales to unaffiliated customers for the nine months ended October 31, 2016 and 2015. Total long-lived assets in the United States represented 95% of the Americas' total long-lived assets at October 31, 2016 and January 31, 2016.

(2) Operating income in the Americas includes acquisition and integration expenses of $9.5 million and $10.5 million, respectively, for the three and nine months ended October 31, 2016. Operating income in Europe includes acquisition and integration expenses of $3.5 million and $4.5 million, respectively, for the three and nine months ended October 31, 2016 (see further discussion in Note 3 – Acquisitions).

(3) Operating income in the Americas includes a gain recorded in LCD settlements and other, net, of $4.1 million for the nine months ended October 31, 2016, and $3.0 million and $63.1 million, respectively, for the three and nine months ended October 31, 2015 (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, 2016 includes an increase of $1.5 million in the accrual for assessments and penalties for a VAT matter in the Company's subsidiary in Spain. Operating income in Europe for the three and nine months ended October 31, 2015 includes a net decrease of $9.6 million in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies).