Segment Information (Tables)

6 Months Ended

Jul. 31, 2017

Schedule of Segment Reporting Information, by Segment [Table Text Block]

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



	Three months ended July 31,						Six months ended July 31,
	2017			2016			2017			2016
Net sales:
Americas ⁽¹⁾	$	4,192,475		$	2,674,886		$	7,661,312		$	5,062,890
Europe	4,402,054			3,678,853			8,408,974			7,254,211
Asia-Pacific	288,162			—			476,468			—
Total	$	8,882,691		$	6,353,739		$	16,546,754		$	12,317,101

Operating income:
Americas ⁽²⁾⁽³⁾	$	87,975		$	41,241		$	138,875		$	72,516
Europe ⁽⁴⁾	18,464			35,927			43,263			60,867
Asia-Pacific	5,066			—			9,363			—
Stock-based compensation expense	(7,974		)	(3,813		)	(12,892		)	(7,470		)
Total	$	103,531		$	73,355		$	178,609		$	125,913

Depreciation and amortization:
Americas	$	20,971		$	4,905		$	37,663		$	9,795
Europe	15,690			9,143			29,223			18,300
Asia-Pacific	2,229			—			3,687			—
Total	$	38,890		$	14,048		$	70,573		$	28,095

Capital expenditures:
Americas	$	7,087		$	5,388		$	27,959		$	11,485
Europe	2,920			5,384			12,314			10,850
Asia-Pacific	1,360			—			1,540			—
Total	$	11,367		$	10,772		$	41,813		$	22,335



As of:	July 31, 2017		January 31, 2017
Identifiable assets:
Americas	$	5,053,728	$	3,238,162
Europe	5,812,357		4,693,704
Asia-Pacific	507,840		—
Total	$	11,373,925	$	7,931,866

Long-lived assets:
Americas⁽¹⁾	$	73,493	$	35,581
Europe	56,914		38,658
Asia-Pacific	6,170		—
Total	$	136,577	$	74,239

Goodwill & acquisition-related intangible assets, net:
Americas	$	1,152,428	$	33,296
Europe	649,764		246,002
Asia-Pacific	54,499		—
Total	$	1,856,691	$	279,298

(1)

Net sales in the United States represented 88% and 91%, respectively, of the total Americas' net sales for the three months ended July 31, 2017 and 2016, and 87% and 89% respectively, of the total America's net sales for the six months ended July 31, 2017 and 2016. Total long-lived assets in the United States represented 95% and 94%, respectively, of the Americas' total long-lived assets at July 31, 2017 and January 31, 2017.

(2)

Operating income in the Americas for the three months ended July 31, 2017 and 2016 includes acquisition, integration and restructuring expenses of $14.3 million and $1.1 million, respectively (see further discussion in Note 3 - Acquisitions) and a gain related to LCD settlements and other, net, of $30.0 million and $3.7 million, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).


(3)	Operating income in the Americas for the six months ended July 31, 2017 and 2016 includes acquisition, integration and restructuring expenses of $44.4 million and $1.1 million, respectively and a gain related to LCD settlements and other, net, of $42.6 million and $4.1 million, respectively.


(4)	Operating income in Europe for the three months ended July 31, 2017 and 2016, includes acquisition, integration and restructuring expenses of $14.7 million and $0.9 million, respectively, and for the six months ended July 31, 2017 and 2016, includes acquisition, integration and restructuring expenses of $26.2 million and $0.9 million, respectively.