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Interim Financial Information (Unaudited) (Tables)

12 Months Ended

Jan. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Interim Financial Information

Interim financial information for fiscal years 2019 and 2018 is as follows (in thousands, except per share amounts):



Fiscal Year 2019:
Quarter ended:	April 30 ⁽¹⁾⁽²⁾				July 31 ⁽¹⁾⁽²⁾				October 31 ^(1)(2)(3)(4)				January 31 ^(2)(3)(5)
Net sales	$	8,548,319			$	8,886,101			$	9,340,029			$	10,464,501
Gross profit	523,117				527,030				556,604				649,148
Operating income	70,496				110,365				146,888				166,053
Net income	$	33,699			$	75,866			$	114,216			$	116,799

Earnings per share:
Basic	$	0.88			$	1.97			$	2.98			$	3.13
Diluted	$	0.87			$	1.97			$	2.96			$	3.11



Fiscal Year 2018:
Quarter ended:	April 30 ⁽⁶⁾⁽⁷⁾				July 31 ⁽⁶⁾⁽⁷⁾				October 31 ⁽⁷⁾				January 31 ⁽⁷⁾⁽⁸⁾
	(As Adjusted)				(As Adjusted)				(As Adjusted)				(As Adjusted)
Net sales	$	7,023,620			$	8,092,353			$	8,448,471			$	10,033,397
Gross profit	457,088				515,591				526,081				616,861
Operating income	75,078				103,531				79,567				151,903
Net income	$	30,654			$	47,459			$	37,268			$	1,260

Earnings per share:
Basic	$	0.82			$	1.24			$	0.98			$	0.03
Diluted	$	0.82			$	1.24			$	0.97			$	0.03


(1)	During the first, second and third quarters of fiscal 2019, the Company recorded a gain of $3.0 million, $5.2 million and $7.2 million, respectively, in legal settlements and other, net (see Note 1 - Business and Summary of Significant Accounting Policies for further discussion).


(2)	During the first, second, third and fourth quarters of fiscal 2019, the Company recorded $33.2 million, $13.3 million, $20.3 million and $21.1 million of acquisition, integration and restructuring expenses, respectively (see Note 6 – Acquisition, Integration and Restructuring Expenses for further discussion).


(3)	The Company decreased its estimate of the one-time transition tax related to the enactment of U.S. Tax Reform by $24.0 million and $25.2 million, respectively, in the third and fourth quarters of fiscal 2019 (see Note 9 – Income Taxes for further discussion).


(4)	During the third quarter of fiscal 2019, the Company included a $25 million benefit in operating income related to the collection of an accounts receivable balance previously considered uncollectible.


(5)	During the fourth quarter of fiscal 2019, the Company recorded goodwill impairment expense of $47.4 million (see Note 4 – Goodwill and Intangible Assets for further discussion).


(6)	During the first and second quarters of fiscal 2018, the Company recorded a gain of $12.7 million and $28.7 million, respectively, in legal settlements and other, net.


(7)	During the first, second, third and fourth quarters of fiscal 2018, the Company recorded $42.1 million, $30.1 million, $29.7 million and $34.3 million of acquisition, integration and restructuring expenses, respectively.


(8)	The Company recorded income tax expenses of $95.4 million in the fourth quarter of fiscal 2018 related to the impact of the enactment of U.S. Tax Reform.