Income Taxes (Tables)

12 Months Ended

Jan. 31, 2020

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:	2020			2019			2018
Current tax expense (benefit):
Federal	$	18,366		$	(9,564	)	$	131,107
State	10,171			5,846			6,515
Foreign	62,314			48,905			49,082
Total current tax expense	90,851			45,187			186,704
Deferred tax expense (benefit):
Federal	19,617			(3,272		)	(1,129		)
State	(451		)	64			363
Foreign	21			(9,274		)	(3,495		)
Total deferred tax expense (benefit)	19,187			(12,482		)	(4,261		)
	$	110,038		$	32,705		$	182,443

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:	2020		2019		2018
U.S. statutory rate	21.0	%	21.0	%	33.8	%
State income taxes, net of federal benefit	1.7		2.2		1.1
Net changes in deferred tax valuation allowances	1.4		(0.9	)	1.2
Tax on foreign earnings different than U.S. rate	1.2		(0.6	)	(5.8	)
Impact of Avnet settlement agreement (see Note 5)	—		(4.0	)	—
Nondeductible indemnities	0.1		0.8		0.4
Nondeductible goodwill	—		2.9		—
Reversal of previously accrued income tax reserves	(0.9	)	(2.0	)	(0.7	)
Interest not subject to tax, net	(0.9	)	(0.6	)	(1.3	)
Effect of company-owned life insurance	(0.3	)	0.1		(1.0	)
Global Intangible Low-Taxed Income	0.1		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	(0.7	)	2.1		1.4
	22.7	%	8.8	%	61.0	%

Schedule Of Components Of Pretax Income

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



Year ended January 31:	2020		2019		2018
U.S.	$	198,908	$	208,643	$	115,041
Foreign	285,630		164,642		184,043
	$	484,538	$	373,285	$	299,084

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:	2020			2019
Deferred tax liabilities:
Depreciation and amortization	$	102,825		$	96,739
Capitalized marketing program costs	7,564			7,101
Goodwill	34,233			24,867
Deferred costs currently deductible	7,099			7,212
Lease right-of-use assets	49,205			—
Other, net	16,204			12,059
Total deferred tax liabilities	217,130			147,978
Deferred tax assets:
Accrued liabilities	56,234			59,549
Foreign tax credit carryforwards	51,140			50,434
Loss carryforwards	111,078			112,962
Amortizable goodwill	11,092			12,118
Depreciation and amortization	11,700			11,873
Lease liabilities	49,205			—
Disallowed interest expense	15,755			13,676
Acquisition and transaction related costs	4,026			3,570
Other, net	17,786			13,478
	328,016			277,660
Less: valuation allowances	(123,709		)	(118,536		)
Total deferred tax assets	204,307			159,124
Net deferred tax (liability) asset	$	(12,823	)	$	11,146

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, 2020, 2019 and 2018 is as follows (in thousands):



For the year ended January 31:	2020			2019			2018
Gross unrecognized tax benefits at beginning of period	$	25,837		$	72,252		$	18,305
Increases in tax positions for prior years	766			4,671			66,180
Decreases in tax positions for prior years	(3,237		)	(13,787		)	(3,727		)
Increases in tax positions for current year	55			—			164
Expiration of statutes of limitation	(1,432		)	(25,840		)	(6,924		)
Settlements	(849		)	(5,355		)	(3,515		)
Changes due to translation of foreign currencies	(259		)	(6,104		)	1,769
Gross unrecognized tax benefits at end of period	$	20,881		$	25,837		$	72,252