Segment Information (Tables)

3 Months Ended

Apr. 30, 2018

Schedule of Segment Reporting Information, by Segment

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



	Three months ended April 30,
	2018			2017
Net sales:
Americas ⁽¹⁾	$	3,618,206		$	3,135,322
Europe	4,661,702			3,707,265
Asia-Pacific	268,411			181,033
Total	$	8,548,319		$	7,023,620

Operating income:
Americas ⁽²⁾	$	61,342		$	50,900
Europe ⁽³⁾	17,318			24,799
Asia-Pacific	(577		)	4,297
Stock-based compensation expense	(7,587		)	(4,918		)
Total	$	70,496		$	75,078

Depreciation and amortization:
Americas	$	23,259		$	16,692
Europe	14,991			13,533
Asia-Pacific	2,231			1,458
Total	$	40,481		$	31,683

Capital expenditures:
Americas	$	4,379		$	20,872
Europe	3,717			9,394
Asia-Pacific	359			180
Total	$	8,455		$	30,446



As of:	April 30, 2018		January 31, 2018
Identifiable assets:
Americas	$	5,020,562	$	5,014,409
Europe	5,847,476		7,336,974
Asia-Pacific	551,746		568,976
Total	$	11,419,784	$	12,920,359

Long-lived assets:
Americas⁽¹⁾	$	210,307	$	214,922
Europe	55,153		57,781
Asia-Pacific	5,278		6,388
Total	$	270,738	$	279,091

Goodwill & acquisition-related intangible assets, net:
Americas	$	1,120,752	$	1,139,273
Europe	633,261		645,134
Asia-Pacific	119,678		130,093
Total	$	1,873,691	$	1,914,500


(1)	Net sales in the United States represented 87% and 88%, respectively, of the total Americas' net sales for the three months ended April 30, 2018 and 2017. Total long-lived assets in the United States represented 97% of the Americas' total long-lived assets at both April 30, 2018 and January 31, 2018.

(2)

Operating income in the Americas for the three months ended April 30, 2018 includes acquisition, integration and restructuring expenses of $13.9 million (see further discussion in Note 4 – Acquisitions) and a gain related to LCD settlements and other, net, of $3.0 million (see further discussion in Note 1 - Business and Summary of Significant Accounting Policies). Operating income in the Americas for the three months ended April 30, 2017 includes acquisition, integration and restructuring expenses of $30.2 million and a gain related to LCD settlements and other, net, of $12.7 million.


(3)	Operating income in Europe for the three months ended April 30, 2018 and 2017, includes acquisition, integration and restructuring expenses of $18.0 million and $11.6 million, respectively.