Segment Information (Notes)

3 Months Ended

Apr. 30, 2017

Segment Reporting [Abstract]

Segment Reporting

NOTE 11 — 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. Prior to the acquisition of TS, the Company managed its operations in two geographic segments: the Americas and Europe. As a result of the acquisition of TS, the Company now manages its operations in three geographic segments: the Americas, Europe and Asia-Pacific. There were no Tech Data operations in the Asia-Pacific region prior to the acquisition of TS. Therefore, the recasting of our segment disclosure for all periods presented did not have an impact on the prior presentation. The Company does not consider stock-based compensation expense in assessing the performance of its operating segments, and therefore the Company excludes stock-based compensation expense from segment information. The accounting policies of the segments are the same as those described in Note 1 – Business and Summary of Significant Accounting Policies.

The net sales, operating income and depreciation and amortization amounts presented below include the operations of TS for the period from February 27, 2017 to April 30, 2017. Financial information by geographic segment is as follows (in thousands):

	Three months ended April 30,
	2017			2016
Net sales:
Americas (1)	$	3,468,837		$	2,388,004
Europe	4,006,920			3,575,358
Asia-Pacific	188,306			—
Total	$	7,664,063		$	5,963,362
Operating income:
Americas (2)	$	50,900		$	31,275
Europe (3)	24,799			24,940
Asia-Pacific	4,297			—
Stock-based compensation expense	(4,918		)	(3,657		)
Total	$	75,078		$	52,558
Depreciation and amortization:
Americas	$	16,692		$	4,890
Europe	13,533			9,157
Asia-Pacific	1,458			—
Total	$	31,683		$	14,047
Capital expenditures:
Americas	$	20,872		$	6,097
Europe	9,394			5,466
Asia-Pacific	180			—
Total	$	30,446		$	11,563

As of:	April 30, 2017		January 31, 2017
Identifiable assets:
Americas	$	4,812,431	$	3,238,162
Europe	5,263,064		4,693,704
Asia-Pacific	481,113		—
Total	$	10,556,608	$	7,931,866
Long-lived assets:
Americas (1)	$	71,539	$	35,581
Europe	56,803		38,658
Asia-Pacific	5,419		—
Total	$	133,761	$	74,239
Goodwill & acquisition-related intangible assets, net:
Americas	$	1,138,400	$	33,296
Europe	608,635		246,002
Asia-Pacific	55,115		—
Total	$	1,802,150	$	279,298

(1) Net sales in the United States represented 86% and 88%, respectively, of the total Americas' net sales for the three months ended April 30, 2017 and 2016. Total long-lived assets in the United States represented 92% and 94%, respectively, of the Americas' total long-lived assets at April 30, 2017 and January 31, 2017.

(2) Operating income in the Americas for the three months ended April 30, 2017 includes a gain related to LCD settlements and other, net, of $12.7 million and acquisition and integration related expenses of $30.2 million (see further discussion in Note 3 - Acquisitions). Operating income in the Americas for the three months ended April 30, 2016 includes $0.4 million of a gain related to LCD settlements and other, net (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).

(3) Operating income in Europe for the three months ended April 30, 2017 includes acquisition and integration related expenses of $11.5 million.