Segment Information (Tables)

6 Months Ended

Jul. 31, 2018

Schedule of Segment Reporting Information, by Segment

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



	Three months ended July 31,						Six months ended July 31,
	2018			2017			2018			2017
Net sales:
Americas ⁽¹⁾	$	4,043,331		$	3,769,696		$	7,661,537		$	6,905,018
Europe	4,549,127			4,043,110			9,210,829			7,750,375
Asia-Pacific	293,643			279,547			562,054			460,580
Total	$	8,886,101		$	8,092,353		$	17,434,420		$	15,115,973

Operating income:
Americas ^{(2), (3)}	$	87,930		$	87,975		$	149,272		$	138,875
Europe ^{(4), (5)}	29,085			18,464			46,403			43,263
Asia-Pacific	1,318			5,066			741			9,363
Stock-based compensation expense	(7,968		)	(7,974		)	(15,555		)	(12,892		)
Total	$	110,365		$	103,531		$	180,861		$	178,609

Depreciation and amortization:
Americas	$	23,591		$	20,971		$	46,850		$	37,663
Europe	14,016			15,690			29,007			29,223
Asia-Pacific	2,311			2,229			4,542			3,687
Total	$	39,918		$	38,890		$	80,399		$	70,573

Capital expenditures:
Americas	$	8,233		$	7,087		$	12,612		$	27,959
Europe	5,362			2,920			9,079			12,314
Asia-Pacific	673			1,360			1,032			1,540
Total	$	14,268		$	11,367		$	22,723		$	41,813



As of:	July 31, 2018		January 31, 2018
Identifiable assets:
Americas	$	5,186,581	$	5,014,409
Europe	6,046,378		7,336,974
Asia-Pacific	600,357		568,976
Total	$	11,833,316	$	12,920,359

Long-lived assets:
Americas⁽¹⁾	$	209,351	$	214,922
Europe	53,693		57,781
Asia-Pacific	5,093		6,388
Total	$	268,137	$	279,091

Goodwill & acquisition-related intangible assets, net:
Americas	$	1,109,835	$	1,139,273
Europe	600,331		645,134
Asia-Pacific	113,324		130,093
Total	$	1,823,490	$	1,914,500


(1)	Net sales in the United States represented 91% and 90%, respectively, of the total Americas' net sales for the three months ended July 31, 2018 and 2017, and 89% of the total Americas' net sales for both the six months ended July 31, 2018 and 2017. Total long-lived assets in the United States represented 97% of the Americas' total long-lived assets at both July 31, 2018 and January 31, 2018.

(2)

Operating income in the Americas for the three months ended July 31, 2018 and 2017 includes acquisition, integration and restructuring expenses of $(0.9) million and $14.3 million, respectively (see further discussion in Note 5 – Acquisition, Integration and Restructuring Expenses) and a gain related to legal settlements and other, net, of $5.2 million and $30.0 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, 2018 and 2017 includes acquisition, integration and restructuring expenses of $13.1 million and $44.4 million, respectively and a gain related to legal settlements and other, net, of $8.2 million and $42.6 million, respectively.

(4) Operating income in Europe for the three months ended July 31, 2018 and 2017 includes acquisition, integration and restructuring expenses of $13.3 million and $14.7 million, respectively. Operating income in Europe for the six months ended July 31, 2018 and 2017, includes acquisition, integration and restructuring expenses of $31.3 million and $26.2 million, respectively.


(5)	Operating income in Europe for the three and six months ended July 31, 2018 includes a gain on disposal of a subsidiary of $6.7 million (see further discussion in Note 6 – Gain on Disposal of Subsidiary).