Income Taxes (Tables)

12 Months Ended

Jan. 31, 2019

Schedule Of Significant Components Of The Provision For Income Taxes

Significant components of the provision for income taxes are as follows (in thousands):



Year ended January 31:	2019			2018			2017
Current tax (benefit) expense:
Federal	$	(9,564	)	$	131,107		$	37,724
State	5,846			6,515			4,030
Foreign	48,905			49,082			30,914
Total current tax expense	45,187			186,704			72,668
Deferred tax (benefit) expense:
Federal	(3,272		)	(1,129		)	(8,380		)
State	64			363			(799		)
Foreign	(9,274		)	(3,495		)	(1,823		)
Total deferred tax benefit	(12,482		)	(4,261		)	(11,002		)
	$	32,705		$	182,443		$	61,666

Schedule Of Effective Income Tax Rate Reconciliation

The reconciliation of the U.S. federal statutory tax rate to the effective tax rate is as follows:



Year ended January 31:	2019		2018		2017
U.S. statutory rate	21.0	%	33.8	%	35.0	%
State income taxes, net of federal benefit	2.2		1.1		0.8
Net changes in deferred tax valuation allowances	(0.9	)	1.2		(3.4	)
Tax on foreign earnings different than U.S. rate	(0.6	)	(5.8	)	(9.9	)
Impact of Avnet settlement agreement (see Note 5)	(4.0	)	—		—
Nondeductible indemnities	0.8		0.4		—
Nondeductible goodwill	2.9		—		—
Reversal of previously accrued income tax reserves	(2.0	)	(0.7	)	0.5
Interest not subject to tax, net	(0.6	)	(1.3	)	2.1
Effect of company-owned life insurance	0.1		(1.0	)	(0.7	)
Global Intangible Low-Taxed Income	1.0		—		—
U.S. Tax Reform transition tax	(13.2	)	33.8		—
U.S. Tax Reform impact of rate change on deferred taxes	—		(1.9	)	—
Other, net	2.1		1.4		(0.4	)
	8.8	%	61.0	%	24.0	%

Schedule Of Components Of Pretax Income

The components of pretax income are as follows (in thousands):



Year ended January 31:	2019		2018		2017
U.S.	$	208,643	$	115,041	$	92,067
Foreign	164,642		184,043		164,694
	$	373,285	$	299,084	$	256,761

Schedule Of Significant Components Of Deferred Tax Liabilities And Assets

The significant components of the Company’s deferred tax liabilities and assets are as follows (in thousands):



As of January 31:	2019			2018
Deferred tax liabilities:
Depreciation and amortization	$	96,739		$	106,560
Capitalized marketing program costs	7,101			6,104
Goodwill	24,867			16,496
Deferred costs currently deductible	7,212			7,558
Other, net	12,059			12,540
Total deferred tax liabilities	147,978			149,258
Deferred tax assets:
Accrued liabilities	59,549			54,970
Foreign tax credit carryforwards	50,434			—
Loss carryforwards	112,962			127,881
Amortizable goodwill	12,118			1,377
Depreciation and amortization	11,873			13,997
Disallowed interest expense	13,676			11,057
Acquisition and transaction related costs	3,570			3,823
Other, net	13,478			14,527
	277,660			227,632
Less: valuation allowances	(118,536		)	(80,714		)
Total deferred tax assets	159,124			146,918
Net deferred tax asset (liability)	$	11,146		$	(2,340	)

Reconciliation Of The Total Amount Of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amount of gross unrecognized tax benefits, excluding accrued interest and penalties, for the years ended January 31, 2019, 2018 and 2017 is as follows (in thousands):



For the year ended January 31:	2019			2018			2017
Gross unrecognized tax benefits at beginning of period	$	72,252		$	18,305		$	12,989
Increases in tax positions for prior years	4,671			66,180			5,443
Decreases in tax positions for prior years	(13,787		)	(3,727		)	(118		)
Increases in tax positions for current year	—			164			1,022
Expiration of statutes of limitation	(25,840		)	(6,924		)	(292		)
Settlements	(5,355		)	(3,515		)	(370		)
Changes due to translation of foreign currencies	(6,104		)	1,769			(369		)
Gross unrecognized tax benefits at end of period	$	25,837		$	72,252		$	18,305