XML 61 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
9 Months Ended
Oct. 31, 2018
Segment Reporting [Abstract]  
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,
 
2018
 
2017
 
2018
 
2017
Net sales:
 
 
(As Adjusted)
 
 
 
(As Adjusted)
Americas (1)
$
4,137,852

 
$
3,663,498

 
$
11,799,389

 
$
10,568,516

Europe
4,920,156

 
4,518,669

 
14,130,985

 
12,269,044

Asia-Pacific
282,021

 
266,304

 
844,075

 
726,884

Total
$
9,340,029

 
$
8,448,471

 
$
26,774,449

 
$
23,564,444

 
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Americas (2), (3)
$
112,399

 
$
55,551

 
$
261,671

 
$
194,426

Europe (4), (5), (6)
39,889

 
29,909

 
86,292

 
73,172

Asia-Pacific
2,739

 
2,432

 
3,480

 
11,795

Stock-based compensation expense
(8,139
)
 
(8,325
)
 
(23,694
)
 
(21,217
)
Total
$
146,888

 
$
79,567

 
$
327,749

 
$
258,176

 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
Americas
$
23,394

 
$
24,645

 
$
70,244

 
$
62,308

Europe
13,679

 
15,734

 
42,686

 
44,957

Asia-Pacific
2,169

 
1,955

 
6,711

 
5,642

Total
$
39,242

 
$
42,334

 
$
119,641

 
$
112,907

 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
Americas
$
11,493

 
$
167,210

 
$
24,105

 
$
195,169

Europe
4,742

 
4,450

 
13,821

 
16,764

Asia-Pacific
1,195

 
506

 
2,227

 
2,046

Total
$
17,430

 
$
172,166

 
$
40,153

 
$
213,979



As of:
October 31, 2018
 
January 31, 2018
Identifiable assets:
 
 
(As Adjusted)
Americas
$
5,539,656

 
$
5,014,409

Europe
6,435,338

 
7,336,974

Asia-Pacific
584,609

 
568,976

Total
$
12,559,603

 
$
12,920,359

 
 
 
 
Long-lived assets:
 
 
 
Americas (1)
$
212,124

 
$
214,922

Europe
50,968

 
57,781

Asia-Pacific
5,212

 
6,388

Total
$
268,304

 
$
279,091

 
 
 
 
Goodwill & acquisition-related intangible assets, net:
 
 
 
Americas
$
1,097,610

 
$
1,139,273

Europe
576,465

 
645,134

Asia-Pacific
104,315

 
130,093

Total
$
1,778,390

 
$
1,914,500

(1)
Net sales in the United States represented 91% and 89%, respectively, of the total Americas' net sales for the three months ended October 31, 2018 and 2017, and 90% and 89% of the total Americas' net sales for the nine months ended October 31, 2018 and 2017. Total long-lived assets in the United States represented 97% of the Americas' total long-lived assets at both October 31, 2018 and January 31, 2018.
(2)
Operating income in the Americas for the three months ended October 31, 2018 and 2017 includes acquisition, integration and restructuring expenses of $6.0 million and $14.1 million, respectively (see further discussion in Note 5 – Acquisition, Integration and Restructuring Expenses). Operating income in the Americas includes a gain related to legal settlements and other, net, of $7.2 million for the three months ended October 31, 2018 (see further discussion in Note 1 - Business and Summary of Significant Accounting Policies). Operating income in the Americas for the three months ended October 31, 2018 includes a benefit of approximately $25 million related to the collection of an accounts receivable balance previously considered uncollectible.
(3)
Operating income in the Americas for the nine months ended October 31, 2018 and 2017 includes acquisition, integration and restructuring expenses of $19.0 million and $58.6 million, respectively, and a gain related to legal settlements and other, net, of $15.4 million and $42.6 million, respectively. Operating income in the Americas for the nine months ended October 31, 2018 includes a benefit of approximately $25 million related to the collection of an accounts receivable balance previously considered uncollectible.
(4) Operating income in Europe for the three months ended October 31, 2018 and 2017 includes acquisition, integration and restructuring expenses of $13.1 million and $14.1 million, respectively. Operating income in Europe for the nine months ended October 31, 2018 and 2017, includes acquisition, integration and restructuring expenses of $44.4 million and $40.4 million, respectively.
(5)
Operating income in Europe for the three and nine months ended October 31, 2018 includes expenses of $5.5 million and $6.5 million, respectively, related to the recognition of certain tax indemnification liabilities (see further discussion in Note 8 – Income Taxes).
(6)
Operating income in Europe for the nine months ended October 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).