Segment Information

3 Months Ended

Apr. 30, 2011

Segment Information

Segment Information

NOTE 10 — SEGMENT INFORMATION

Tech Data operates predominately in a single industry segment as a distributor of technology products, logistics management, and other value-added services. While the Company operates primarily in one industry it is managed based on geographic segments: the Americas (including North America and South America) and Europe. The Company assesses performance of and makes decisions on how to allocate resources to its operating segments based on multiple factors including current and projected operating income and market opportunities. The Company does not consider stock-based compensation expense in assessing the performance of its operating segments, and therefore the Company reports stock-based compensation expense as a separate amount. The accounting policies of the segments are the same as those described in Note 1—Business and Summary of Significant Accounting Policies. Financial information by geographic segment is as follows:

	Three months  ended April 30,
	2011			2010
	(In thousands)
Net sales to unaffiliated customers:
Americas	$	2,615,805		$	2,462,713
Europe		3,716,323			3,158,342
Total	$	6,332,128		$	5,621,055
Operating income:
Americas	$	47,873		$	44,290
Europe		30,277			27,645
Stock-based compensation expense		(2,467	)		(2,449	)
Total	$	75,683		$	69,486
Depreciation and amortization:
Americas	$	3,916		$	4,045
Europe		10,840			7,110
Total	$	14,756		$	11,155

	Three months  ended April 30,
	2011		2010
	(In thousands)
Capital expenditures:
Americas	$	3,268	$	2,926
Europe		3,775		3,082
Total	$	7,043	$	6,008
Identifiable assets:
Americas	$	2,161,563	$	2,061,832
Europe		4,435,924		3,545,325
Total	$	6,597,487	$	5,607,157
Goodwill and acquisition-related intangible assets, net(1):
Americas	$	2,966	$	2,966
Europe		127,500		39,175
Total	$	130,466	$	42,141

⁽¹⁾  The increase in the goodwill and acquisition-related intangible assets, net, at April 30, 2011, is the result of several European acquisitions completed during fiscal 2011.