Segment Information (Tables)

9 Months Ended

Oct. 31, 2019

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,
	2019			2018			2019			2018
Net sales:
Americas ⁽¹⁾	$	4,202,320		$	4,137,852		$	12,308,249		$	11,799,389
Europe	4,622,270			4,920,156			13,371,397			14,130,985
Asia-Pacific	294,354			282,021			937,966			844,075
Total	$	9,118,944		$	9,340,029		$	26,617,612		$	26,774,449

Operating income:
Americas ^{(2), (3), (4)}	$	82,420		$	112,399		$	244,138		$	261,671
Europe ^{(5), (6), (7)}	66,536			39,889			140,605			86,292
Asia-Pacific	279			2,739			3,223			3,480
Stock-based compensation expense	(7,347		)	(8,139		)	(23,707		)	(23,694		)
Total	$	141,888		$	146,888		$	364,259		$	327,749

Depreciation and amortization:
Americas	$	24,163		$	23,394		$	71,602		$	70,244
Europe	11,763			13,679			35,294			42,686
Asia-Pacific	2,041			2,169			5,830			6,711
Total	$	37,967		$	39,242		$	112,726		$	119,641

Capital expenditures:
Americas	$	11,191		$	11,493		$	29,989		$	24,105
Europe	6,373			4,742			19,158			13,821
Asia-Pacific	576			1,195			2,503			2,227
Total	$	18,140		$	17,430		$	51,650		$	40,153



As of:	October 31, 2019		January 31, 2019
Identifiable assets:
Americas	$	5,670,555	$	5,402,316
Europe	6,420,274		6,970,822
Asia-Pacific	603,907		613,414
Total	$	12,694,736	$	12,986,552

Long-lived assets:
Americas⁽¹⁾	$	219,300	$	217,863
Europe	51,051		52,162
Asia-Pacific	4,662		4,892
Total	$	275,013	$	274,917

Goodwill & acquisition-related intangible assets, net:
Americas	$	1,045,627	$	1,083,699
Europe	545,625		575,776
Asia-Pacific	55,495		60,154
Total	$	1,646,747	$	1,719,629


(1)	Net sales in the United States represented 91% of the total Americas' net sales for both the three months ended October 31, 2019 and 2018 and 90% of the total Americas' net sales for both the nine months ended October 31, 2019 and 2018. Total long-lived assets in the United States represented 96% of the Americas' total long-lived assets at both October 31, 2019 and January 31, 2019.

(2)

Operating income in the Americas for the three months ended October 31, 2019 and 2018 includes acquisition, integration and restructuring expenses of $3.5 million and $6.0 million, respectively. Operating income in the Americas for the nine months ended October 31, 2019 and 2018 includes acquisition, integration and restructuring expenses of $7.8 million and $19.0 million, respectively (see further discussion in Note 3 – Acquisition, Integration and Restructuring Expenses).

(3)

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. Operating income in the Americas includes a gain related to legal settlements and other, net, of $0.3 million and $15.4 million for the nine months ended October 31, 2019 and 2018, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).


(4)	Operating income in the Americas for the three and 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.


(5)	Operating income in Europe for the three months ended October 31, 2019 and 2018 includes acquisition, integration and restructuring expenses of $1.0 million and $13.1 million, respectively. Operating income in Europe for the nine months ended October 31, 2019 and 2018 includes acquisition, integration and restructuring expenses of $7.2 million and $44.4 million, respectively.


(6)	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 6 – Income Taxes).

(7)

Operating income in Europe for both the three and nine months ended October 31, 2019 includes a gain on disposal of a subsidiary of $1.4 million. 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 4 – Gain on Disposal of Subsidiary).