KLX (KLXI) 10-K 24 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2016	Mar. 18, 2016	Jul. 31, 2015
Document And Entity Information
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 31, 2016
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Current Reporting Status	Yes
Entity Registrant Name	KLX Inc.
Entity Central Index Key	1,617,898
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding		52,786,474
Entity Public Float			$ 2,072

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Jan. 31, 2016	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 427,800,000	$ 447,200,000
Accounts receivable–trade, less allowance for doubtful accounts ($11.3 at January 31, 2016 and $8.0 at January 31, 2015)	259,600,000	304,200,000
Inventories, net	1,295,300,000	1,322,100,000
Other current assets	40,100,000	51,300,000
Total current assets	2,022,800,000	2,124,800,000
Property and equipment, net of accumulated depreciation ($109.3 at January 31, 2016 and $67.1 at January 31, 2015)	260,500,000	333,300,000
Goodwill	954,900,000	1,286,500,000
Identifiable intangible assets, net	262,700,000	457,300,000
Deferred income taxes	163,400,000	100,000
Other assets	26,700,000	22,600,000
Total assets	3,691,000,000	4,224,600,000
Current liabilities:
Accounts payable	145,900,000	142,500,000
Deferred acquisition payments		92,200,000
Accrued liabilities	115,300,000	98,100,000
Total current liabilities	261,200,000	332,800,000
Long-term debt	1,179,500,000	1,177,200,000
Deferred income taxes	16,200,000	84,800,000
Other non-current liabilities	$ 31,600,000	$ 28,700,000
Commitments, contingencies and off-balance sheet arrangements (Note 8)
Stockholders' equity:
Preferred stock, $0.01 par value; 1.0 million shares authorized; no shares outstanding
Common stock, $0.01 par value; 250.0 million shares authorized; 53.3 million shares issued as of January 31, 2016 and 52.8 million shares issued as of January 31, 2015	$ 500,000	$ 500,000
Additional paid-in capital	2,662,400,000	2,644,800,000
Treasury stock: 0.4 shares at January 31, 2016 and 0 shares at January 31, 2015	12,500,000
(Accumulated deficit)/retained earnings	(373,700,000)	11,300,000
Accumulated other comprehensive loss	(74,200,000)	(55,500,000)
Total stockholders' equity	2,202,500,000	2,601,100,000
Total liabilities and equity	$ 3,691,000,000	$ 4,224,600,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jan. 31, 2016	Jan. 31, 2015
Consolidated Balance Sheets
Accounts receivable - trade, allowance for doubtful accounts	$ 11.3	$ 8
Property and equipment, accumulated depreciation	$ 109.3	$ 67.1
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	53,300,000	52,800,000
Treasury stock	0.4	0

Consolidated and Combined State

Consolidated and Combined Statements of Earnings and Comprehensive Income - USD ($) shares in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Consolidated and Combined Statements of Earnings and Comprehensive Income
Product revenues	$ 93,100,000	$ 1,312,500,000	$ 1,310,200,000	$ 1,268,100,000
Service revenues	39,900,000	254,900,000	385,500,000	23,500,000
Total revenues	133,000,000	1,567,400,000	1,695,700,000	1,291,600,000
Cost of sales - products	67,100,000	918,100,000	921,700,000	855,000,000
Cost of sales - services	28,500,000	284,300,000	273,200,000	17,800,000
Total cost of sales	95,600,000	1,202,400,000	1,194,900,000	872,800,000
Selling, general and administrative	19,700,000	261,600,000	254,000,000	180,300,000
Goodwill impairment charge		310,400,000
Long-lived asset impairment charge		329,800,000
Operating (loss) earnings	17,700,000	(536,800,000)	246,800,000	238,500,000
Interest expense (income)	6,300,000	77,300,000	3,000,000	(1,000,000)
(Loss) earnings before income taxes	11,400,000	(614,100,000)	243,800,000	239,500,000
Income tax (benefit) expense	4,300,000	(228,300,000)	155,700,000	89,100,000
Net (loss) earnings	7,100,000	(385,800,000)	88,100,000	150,400,000
Other comprehensive (loss) income:
Foreign currency translation adjustment	(27,000,000)	(18,700,000)	(76,700,000)	18,700,000
Comprehensive (loss) income	$ (19,900,000)	$ (404,500,000)	$ 11,400,000	$ 169,100,000
Net (loss) earnings per share - basic	$ 0.14	$ (7.39)	$ 1.69	$ 2.88
Net (loss) earnings per share - diluted	$ 0.14	$ (7.39)	$ 1.68	$ 2.88
Weighted average common shares - basic	52.2	52.2	52.2	52.2
Weighted average common shares - diluted	52.3	52.2	52.3	52.3

Consolidated and Combined Stat5

Consolidated and Combined Statements Of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Common Stock	Additional Paid-in Capital	Treasury Stock	Former Parent Company Investment	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2012				$ 2,606		$ 29.5	$ 2,635.5
Net transfers from Former Parent				(5.9)			(5.9)
Net earnings (loss)				150.4			150.4
Net foreign currency translation adjustments						18.7	18.7
Balance at Dec. 31, 2013				2,750.5		48.2	2,798.7
Net transfers from Former Parent				(189.8)			(189.8)
Net earnings before spin-off				83.9			83.9
Net earnings after spin-off					$ 4.2		4.2
Consummation of spin-off transaction on December 16, 2014	$ 0.5	$ 2,644.1		$ (2,644.6)
Consummation of spin-off transaction on December 16, 2014 (in shares)	52.5
Net earnings (loss)							88.1
Net foreign currency translation adjustments						(76.7)	(76.7)
Balance at Dec. 31, 2014	$ 0.5	2,644.1			4.2	(28.5)	2,620.3
Balance (shares) at Dec. 31, 2014	52.5
Stock option expense		0.2					0.2
Restricted stock grants, net of forfeitures and restricted stock unit vesting		0.5					0.5
Restricted stock grants, net of forfeitures and restricted stock unit vesting (in shares)	0.3
Net earnings (loss)					7.1		7.1
Net foreign currency translation adjustments						(27)	(27)
Balance at Jan. 31, 2015	$ 0.5	2,644.8			11.3	(55.5)	2,601.1
Balance (shares) at Jan. 31, 2015	52.8
Sale of stock under employee stock purchase plan		1.8					1.8
Purchase of treasury stock			$ (12.5)				(12.5)
Restricted stock grants, net of forfeitures and restricted stock unit vesting		14.8			0.8		15.6
Restricted stock grants, net of forfeitures and restricted stock unit vesting (in shares)	0.5
Net earnings (loss)					(385.8)		(385.8)
Return to provision true-up related to pre spin-off and other		1					1
Net foreign currency translation adjustments						(18.7)	(18.7)
Balance at Jan. 31, 2016	$ 0.5	$ 2,662.4	$ (12.5)		$ (373.7)	$ (74.2)	$ 2,202.5
Balance (shares) at Jan. 31, 2016	53.3

Consolidated and Combined Stat6

Consolidated and Combined Statements of Cash Flows - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) earnings	$ 7.1	$ (385.8)	$ 88.1	$ 150.4
Adjustments to reconcile net earnings to net cash flows provided by (used in) operating activities:
Depreciation and amortization	7.3	75	68	27.8
Deferred income taxes	(0.4)	(229.3)	42.8	32
Asset impairment charge		640.2
Non-cash compensation	0.7	15.8	3.7	3.7
Amortization of deferred financing fees	0.3	4
Excess tax benefit / (loss) realized from prior exercises of restricted stock		0.2	(0.6)	(1.2)
Provision for doubtful accounts	(0.1)	3.3	12.4	1.4
Loss on disposal of property and equipment		2.9	6.6	0.5
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	1.9	40.3	(83.6)	(4.7)
Inventories	(34.6)	25.7	(67.2)	(18.9)
Other current and non-current assets	(2.9)	2.7	(21.9)	(6.7)
Accounts payable	(7.2)	3.4	36.7	(12.8)
Other current and non-current liabilities	12.8	18.8	22.5	14.1
Net cash flows provided by (used in) operating activities	(15.1)	217.2	107.5	185.6
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(6.2)	(130.5)	(136.8)	(29.4)
Acquisitions, net of cash acquired		(4.3)	(513.8)	(117.5)
Net cash flows used in investing activities	(6.2)	(134.8)	(650.6)	(146.9)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock		(9.5)
Cash proceeds from stock issuance		1.5
Proceeds from long-term debt			1,200
Debt origination costs			(27.9)
Excess tax (loss) / benefit realized from prior exercises of restricted stock			0.6	1.2
Excess tax loss from share based compensation financing activities		(0.2)
Net transfers to B/E Aerospace, Inc.			(233.3)	(0.5)
Deferred acquisition payments		(90.9)
Net cash flows (used in) provided by financing activities		(99.1)	939.4	0.7
Effect of foreign exchange rate changes on cash and cash equivalents	(2.3)	(2.7)	(4.1)	2.9
Net (decrease) increase in cash and cash equivalents	(23.6)	(19.4)	392.2	42.3
Cash and cash equivalents, beginning of period	470.8	447.2	78.6	36.3
Cash and cash equivalents, end of period	447.2	427.8	470.8	78.6
Cash paid during period for:
Income taxes paid, net of refunds	$ 0.6	13.2	21.1	$ 12.2
Interest		71
Supplemental schedule of non-cash activities:
Treasury stock.		$ 3
Contingent consideration			$ 92.2

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Jan. 31, 2016
Description of Business and Summary of Significant Accounting Policies
Description of Business and Summary of Significant Accounting Policies	1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business On December 17, 2014, B/E Aerospace, Inc. ( “B/E Aerospace” or “Former Parent”) created an independent public company through a spin ‑off of its Aerospace Solutions Group (“ASG”) and Energy Services Group (“ESG”) businesses to Former Parent’s stockholders (“Spin ‑Off”). To effect the Spin ‑Off, B/E Aerospace distributed 52.5 million shares of KLX Inc. (“KLX” or the “Company”) common stock to B/E Aerospace’s stockholders on December 17, 2014. Holders of B/E Aerospace’s common stock received one share of KLX common stock for every two shares of B/E Aerospace’s common stock held on December 5, 2014. B/E Aerospace structured the distribution to be tax free to its U.S. stockholders for U.S. federal income tax purposes. As a result of the Spin ‑Off, KLX now operates as an independent, publicly traded company. Basic and diluted earnings per common share and the average number of common shares outstanding were retros pectively restated for the year ended December 31, 2013 for the number of KLX shares outstanding immediately following the transaction. We believe, based on our experience in the industry, that we are the world’s leading distributor and value ‑added service provider of aerospace fasteners and other consumables, offering one of the broadest ranges of aerospace hardware and consumables and inventory management services, selling to essentially every major airline in the world as well as leading maintenance, repair and overhaul (“MRO”) providers, the leading airframe manufacturers and their first and second tier suppliers. The Company also provides technical services and associated rental equipment to land ‑based oil and gas exploration and drilling companies often in remote locations. Basis of Presentation On February 24, 2015, the Board of Directors approved a change in the Company’s fiscal year end from December 31 to January 31. This change to the new reporting cycle began February 1, 2015. As a result of the change, the Company is reporting a January 2015 fiscal month transition period. The Company’s consolidated and combined financial statements include KLX and its wholly owned subsidiaries. Prior to the Spin ‑Off on December 17, 2014, KLX’s financial statements were derived from B/E Aerospace’s consolidated and combined financial statements and accounting records as if it was operated on a stand ‑alone basis and were prepared in accordance with accounting principles generally accepted in the United States (GAAP). All intercompany transactions and account balances within the Company have been eliminated. The consolidated and combined statements of earnings and comprehensive income for the periods prior to the spin-off reflect allocations of general corporate expenses from B/E Aerospace, including, but not limited to, executive management, finance, legal, information technology, human resources, employee benefits administration, treasury, risk management, procurement and other shared services. The allocations were made on a direct usage basis when identifiable, with the remainder allocated on the basis of revenues generated, costs incurred, headcount or other measures. Management of the Company considers these allocations to be a reasonable reflection of the utilization of services by, or the benefits provided, to the Company. The allocations may not, however, reflect the expense the Company would have incurred as a stand ‑alone company for the periods presented. Actual costs that may have been incurred if the Company had been a stand ‑alone company would depend on a number of factors, including the chosen organizational structure, what functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure. Use of Estimates —The preparation of the consolidated and combined financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates. Revenue Recognition —Sales of products and services are recorded when the earnings process is complete. This generally occurs when the products are shipped to the customer in accordance with the contract or purchase order, risk of loss and title has passed to the customer, collectability is reasonably assured and pricing is fixed and determinable. In instances where title does not pass to the customer upon shipment, the Company recognizes revenue upon delivery or customer acceptance, depending on the terms of the sales contract. In connection with the sales of its products, the Company also provides certain supply chain management services to certain of its customers. These services include the timely replenishment of products at the customer site, while also minimizing the customer’s on ‑hand inventory. These services are provided by the Company contemporaneously with the delivery of the product, and as such, once the product is delivered, the Company does not have a post ‑delivery obligation to provide services to the customer. The price of such services is generally included in the price of the products delivered to the customer, and revenue is recognized upon delivery of the product, at which point, the Company has satisfied its obligations to the customer. The Company does not account for these services as a separate element, as the services do not have stand ‑alone value and cannot be separated from the product element of the arrangement. Service revenues from oilfield technical services and related rental equipment are recorded when services are performed and/or equipment is rented pursuant to a completed purchase order or master services agreement (“MSA”) that sets forth firm pricing and payment terms. Income Taxes —The Company provides deferred income taxes for temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax purposes. Deferred income taxes are computed using enacted tax rates that are expected to be in effect when the temporary differences reverse. A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some portion or the entire deferred tax asset will not be realized. The Company records uncertain tax positions within income tax expense and classifies interest and penalties related to income taxes as income tax expense. Cash Equivalents —The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. Accounts Receivable, Net —The Company performs ongoing credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current creditworthiness, as determined by review of their current credit information. The Company continuously monitors collections and payments from its customers and maintains a provision for estimated credit losses based upon historical experience and any specific customer collection issues that have been identified. The allowance for doubtful accounts at January 31, 2016 and 2015 was $11.3 and $8.0 , respectively. Inventories —Inventories, made up of finished goods, primarily consist of aerospace fasteners and consumables. The Company values inventories at the lower of cost or market, using first ‑in, first ‑out or weighted average cost method. The Company regularly reviews inventory quantities on hand and records a provision for excess and obsolete inventory based primarily on historical demand, estimated product demand to support contractual supply agreements with its customers and the age of the inventory among other factors. Demand for the Company’s products can fluctuate from period to period depending on customer activity. In accordance with industry practice, costs in inventory include amounts relating to long-term contracts with long production cycles and to inventory items with long production cycles, some of which are not expected to be realized within one year. Reserves for excess and obsolete i nventory were approximately $40.4 and $33.5 as of January 31, 2016 and 2015, respectively. Substantially all of our inventory is comprised of aerospace grade fasteners which support OEM production and the aftermarket over the life of the airframe. Inventory with a limited shelf life is continually monitored and reserved for in advance of expiration. The provision for inventory with limited shelf life is relatively insignificant and has not exceeded $0.5 during the past three years. Property and Equipment, Net —Property and equipment are stated at cost and depreciated generally under the straight ‑line method over their estimated useful lives of one to fifty years (or the lesser of the term of the lease for leasehold improvements, as appropriate). Goodwill and Intangible Assets, Net —Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 350, Intangibles — Goodwill and Other (“ASC 350”), goodwill and indefinite ‑lived intangible assets are reviewed at least annually for impairment. Acquired intangible assets with definite lives are amortized over their individual useful lives. O ther intangible assets are amortized using the straight ‑line method over periods ranging from four to thirty years. As of January 31, 2016, the Company had two reporting units, which were determined based on the guidelines contained in FASB ASC Topic 350, Subtopic 20, Section 35. Each reporting unit constitutes a business, for which there is discrete financial information available that is regularly reviewed by the management of the Company. Goodwill is tested at least annually as of December 31 st , and management assesses whether there has been any impairment in the value of goodwill by first comparing the fair value to the net carrying value of the reporting units. If the carrying value exceeds its estimated fair value, a second step is performed to compute the amount of the impairment. An impairment loss is recognized if the implied fair value of the asset being tested is less than its carrying value. In this event, the asset is written down accordingly. The fair values of the reporting units for goodwill impairment testing is determined using valuation techniques based on estimates, judgments and assumptions management believes are appropriate in the circumstances. The Company considered the continuing downturn in the oil and gas industry, including the nearly 75% decrease in the number of onshore drilling rigs, and the resulting significant cutbacks in capital expenditures by our oil and gas customers and which has resulted in a decrease in both volume and pricing for oil field services, to be an indicator of impairment of goodwill of the ESG reporting unit. The Company performed the first step of its goodwill impairment analysis as of August 31, 2015 and determined the carrying value of the ESG reporting unit exceeds its fair value. The Company completed the second step of its goodwill impairment analysis comparing the implied fair value of that reporting unit’s goodwill to the carrying amount of that goodwill and determined goodwill related to the ESG reporting unit was fully impaired and recorded an impairment charge. Accordingly, the Company recorded a pre-tax impairment charge related to ESG’s goodwill of $310.4 . For the one month ended January 31, 2015 and the years ended December 31, 2014 and 2013, the Company’s annual impairment testing yielded no impairments of goodwill or the indefinite ‑lived intangible asset. The indefinite ‑lived intangible asset is tested at least annually for impairment. Impairment for the intangible asset with an indefinite life exists if the carrying value of the intangible asset exceeds its fair value. The fair value of the indefinite ‑lived intangible asset is determined using valuation techniques based on estimates, judgments and assumptions management believes are appropriate in the circumstances. Long ‑Lived Assets —The Company assesses potential impairments to its long ‑lived assets when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recovered. An impairment loss is recognized when the undiscounted cash flows expected to be generated by an asset (or group of assets) is less than its carrying amount. Any required impairment loss is measured as the amount by which the asset’s carrying value exceeds its fair value and is recorded as a reduction in the carrying value of the related asset and a charge to operating results. As a result of the continuing downturn in the oil and gas industry previously mentioned, the Company assessed its ESG asset group’s long-lived assets for impairment and determined the carrying value was not recoverable as of August 31, 2015. The Company used a combination of a cost and market approaches for determining the fair value of the ESG asset group ’ s long lived assets and recognized impairment charges related to identified intangibles and property and equipment of $177.8 and $152.0 , respectively. For the one month ended January 31, 2015 and the years ended December 31, 2014 and 2013, there were no impairments of long lived assets. Common Stock equivalents —The Company has potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan. These potential common stock equivalents are not included in diluted loss per share for any period presented in which there is a net loss because the effect would have been anti ‑dilutive. Accounting for Stock ‑Based Compensation —The Company accounts for share ‑based compensation arrangements in accordance with the provisions of FASB ASC 718, Compensation—Stock Compensation (“ASC 718”), whereby share ‑based compensation cost is measured on the date of grant, based on the fair value of the award, and is recognized over the requisite service period. Compensation cost recognized during the two years ended December 31, 2014 and 2013 related to grants of restricted stock and restricted stock units granted by our Former Parent. No compensation cost related to stock options was recognized during those periods as no options were granted during the two year period ended December 31, 2014, and all outstanding options were vested. All unvested shares of restricted stock were converted into unvested shares of KLX on the distribution date at a ratio equal to 1.8139 . Compensation cost recognized during the year ended January 31, 2016 (“Fiscal 2015”) and the one month ended January 31, 2015 related to unvested shares converted on the distribution date and new shares of KLX restricted stock and stock options granted during 2015. The Company has established a qualified Employee Stock Purchase Plan. The Employee Stock Purchase Plan allows qualified employees (as defined in the plan) to participate in the purchase of designated shares of KLX’s common stock at a price equal to 85% of the closing price for each semi ‑annual stock purchase period. The fair value of employee purchase rights represents the difference between the closing price of KLX’s shares on the date of purchase and the purchase price of the shares. The value of the rights under this Plan (and that of our Former Parent’s) granted during the years ended January 31, 2016, December 31, 2014 and 2013 was $0.3 , $0.2 and $0.2 , respectively, and was not material during the one month ended January 31, 2015. Foreign Currency Translation —The assets and liabilities of subsidiaries located outside the United States are translated into U.S. dollars at the rates of exchange in effect at the balance sheet dates. Revenue and expense items are translated at the average exchange rates prevailing during the period. Gains and losses resulting from foreign currency transactions are recognized currently in income, and those resulting from translation of financial statements are accumulated as a separate component of Former Parent company equity and accumulated other comprehensive income (loss). The Company’s European subsidiaries primarily utilize the British pound or the Euro as their local functional currency. Treasury Stock - The Company may periodically repurchase shares of its common stock from employees for the satisfaction of their individual payroll tax withholding upon vesting of restricted stock and restricted stock units in connection with the Company’s Long-Term Incentive Plan (“LTIP”) . The Company’s repurchases of common stock are recorded at the average cost of the common stock. As part of the LTIP, t he Company repurchased 32,122 shares of its common stock for $1.0 during the year ended January 31, 201 6 . On January 7, 2016 , the Board of Directors authorized a $100.0 share repurchase under the existing $250.0 share repurchase program. During Fiscal 2015, the Company repurchased 416,200 shares of common stock at an average price of $27.48 per share for a total of $11.4 . Concentration of Risk —The Company’s products and services are primarily concentrated within the aerospace industry with customers consisting primarily of commercial airlines, a wide variety of business jet customers and commercial aircraft manufacturers. The Company’s management performs ongoing credit evaluations on the financial condition of all of its customers and maintains allowances for uncollectible accounts receivable based on expected collectability. Credit losses have historically been within management’s expectations and the provisions established. Significant customers change from year to year, in the case of ASG, depending on the level of refurbishment activity and/or the level of new aircraft purchases by such customers, and in the case of ESG, depending on the level of exploration and production activity and the use of our services. During th e years ended January 31, 2016 and December 31, 2014, no single customer accounted for more than 10% of the Company’s consolidated revenues. During the year ended December 31, 2013, two customers accounted for approximately 10% each of the Company’s combined revenues. No other individual customers accounted for more than 10% of the Company’s combined revenues during the year ended December 31, 2013. Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), which supersedes existing guidance on accounting for leases in "Leases (Topic 840)" and generally requires all leases to be recognized in the statement of financial position. The provisions of ASU 2016-02 are effective for reporting periods beginning after December 15, 2018; early adoption is permitted. The provisions of this ASU are to be applied using a modified retrospective approach. The Company is currently evaluating the effect that this ASU will have on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740). ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective either prospectively or retrospectively for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company has elected to early adopt ASU 2015-17 as of January 31, 2016 and retrospectively applied ASU 2015-17 to all periods presented. As of January 31, 2015 the Company reclassified $37.1 million of deferred tax assets from current assets to the noncurrent liability section of the consolidated balance sheets. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805). ASU 2015-16 requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this update require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years and interim periods beginning after December 15, 2015. The adoption of ASU 2015-16 is not expected to have a material impact on the Company’s consolidated financial statements. In July 2015, FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. ASU 2015-11 requires that inventory be measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Inventory measured using last-in, first-out (“LIFO”) or the retail inventory method are excluded from the scope of this update which is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The adoption of ASU 2015-11 is not expected to have a material impact on the Company’s consolidated financial statements. In April 2015, FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which updated the guidance in ASC Topic 835, Interest. In August 2015, FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which clarifies the guidance in ASU 2015-03 regarding presentation and subsequent measurement of debt issuance costs related to line-of-credit arrangements. The updated guidance is effective retrospectively for annual periods and interim periods within the annual periods beginning after December 15, 2015. Early adoption is permitted, including early adoption in an interim period. The amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The Company adopted these ASUs effective January 31, 2016 and has presented debt issuance costs related to its 5.875% senior unsecured notes of $20.5 and $22.8 as of January 31, 2016 and January 31, 2015, respectively, as a direct deduction from the carrying amounts of its debt liabilities. The January 31, 2015 amount was previously recorded in other assets. In June 2014, the FASB issued ASU 2014-12, Compensation – Stock Compensation, which updated the guidance in ASC Topic 718, Compensation – Stock Compensation (“ASC Topic 718”). The update is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. ASU 2014-12 brings consistency to the accounting for share-based payment awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. The guidance permits two implementation approaches, either prospectively to all awards granted or modified after the effective date, or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of ASU 2014-12 is not expected to have a material impact on the Company’s consolidated financial statements. In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers, which updated the guidance in ASC Topic 606, Revenue Recognition. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when (or as) the entity satisfies a performance obligation. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendments in this update deferred the effective date for implementation of ASU 2014-09 by one year and is now effective for annual reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods beginning after December 15, 2016 including interim reporting periods within that period. The Company is currently evaluating the impact this guidance will have on its consolidated financial condition, results of operations, cash flows and disclosures and is currently unable to estimate the impact of adopting this guidance.

Business Combinations

Business Combinations	12 Months Ended
	Jan. 31, 2016
Business Combinations
Business Combinations	2. BUSINESS COMBINATIONS During 2013, the Company acquired the assets of Blue Dot Energy Services, LLC (“Blue Dot”) and Bulldog Frac Rentals, LLC (“Bulldog”) (the “2013 Acquisitions”), providers of parts distribution, rental equipment and on ‑site services to the oil and gas industry, for a net purchase price of $114.0 . The excess of the purchase price over the fair value of the identifiable assets acquired approximated $70.6 , of which $33.2 was allocated to identified intangible assets, consisting of customer contracts and relationships and covenants not to compete, and $37.4 was included in goodwill. The useful life assigned to the customer contracts and relationships was 20 years, and the covenants not to compete were being amortized over their contractual periods of five years. The customer contracts and relationships and the covenants not to compete were both impaired and fully written off during the third quarter of 2015 . See N ote 4 for a discussion of the asset impairment charge. In January 2014, the Company acquired the assets of the LT Energy Services group of companies ("LT"), an Eagle Ford Shale provider of rental equipment, for a net purchase price of approximately $102.5 . In February 2014, the Company acquired the assets of Wildcat Wireline LLC ("Wildcat"), a provider of wireline services primarily in the Eagle Ford Shale and also in the Marcellus/Utica Shales, for a net purchase price of approximately $153.4 . In April 2014, the Company acquired the assets of the Vision Oil Tools, LLC group of companies ("Vision"), a provider of technical services and associated rental equipment to the energy sector. Vision established a new geographical base of operations for the Company in the North Dakota (Williston/Bakken) and Rocky Mountain regions. The t otal purchase price was $175.7 , which included a deferred payment of $35.0 , which was paid during the first quarter of Fiscal 2015 based on the achievement of 2014 financial results. In April 2014, the Company acquired the assets of the Marcellus Gasfield Services group of companies ("MGS") engaged in manufacturing and rental of equipment in the Marcellus/Utica Shales for approximately $44.0 . During June 2014, the Company acquired the assets of the Cornell Solutions group of companies ("Cornell"), which provides technical services and rental equipment to the energy sector in the Eagle Ford Shale and Permian Basin. The total purchase price was $128.2 , which included a deferred payment of $56.0 , which was paid during the first quarter of Fiscal 2015 based on the achievement of 2014 financial results. These acquisitions are referred to collectively as the "2014 Acquisitions". For the 2014 Acquisitions, the excess of the purchase price over the fair value of the identifiable assets acquired approximated $431.3 , of which $162.0 was allocated to identified intangible assets, consisting of customer contracts and relationships and covenants not to compete, and $269.3 was included in goodwill. The useful life assigned to the customer contracts and relationships was 20 years, and the covenants not to compete were being amortized over their contractual periods of five years. The customer contracts and relationships and the covenants not to compete were both impaired and fully written off during the third quarter of 2015. See Note 4 for a discussion of the asset impairment charge. The 2014 and 2013 Acquisitions were accounted for as purchases under FASB ASC 805, Business Combinations (“ASC 805”). The assets purchased and liabilities assumed for the 2014 and 2013 Acquisitions have been reflected in the accompanying consolidated balance sheets as of January 31, 2016 and January 31, 2015, and the results of operations for the 2014 and 2013 Acquisitions are included in the accompanying consolidated and combined statements of earnings from the respective dates of acquisition. The following table summarizes the current estimates of fair values of assets acquired and liabilities assumed in the 2014 and 2013 Acquisitions in accordance with ASC 805 as follows: Other 2014 Total Total Wildcat Vision Cornell Acquisitions 2014 2013 Accounts receivable-trade $ $ $ $ $ $ Inventories — — Other current and non-current assets — — Property and equipment Goodwill Identified intangibles Accounts payable — Other current and non-current liabilities — Total consideration paid $ $ $ $ $ $ The majority of the goodwill and other intangible assets related to the 2014 and 2013 Acquisitions is expected to be deductible for tax purposes. The amount of 2013 Acquisitions and 2014 Acquisitions revenues and net earnings included in the Company’s results for the years ended December 31, 2014 and December 31, 2013 were $385.5 and $34.9 and $23.5 and $(1.1) , respectively. On a pro forma basis to give effect to the 2013 and 2014 Acquisitions as if they occurred on January 1, 2014, revenues and net earnings for the years ended D ecember 31, 2014 and December 31, 2013 would have been as follows: UNAUDITED YEAR ENDED December 31, 2014 December 31, 2013 Pro forma Pro forma Revenues $ $ Net earnings (1) Earnings per diluted share (1) (1) 2014 includes $56.9 of non ‑recurring costs and $67.3 of non-recurring exit taxes ; 2013 includes $24.2 of non ‑recurring costs.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Jan. 31, 2016
Property and Equipment, Net
Property and Equipment, Net	3. PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following: Useful January 31, January 31, Life (Years) 2016 2015 Land, buildings and improvements - $ $ Machinery - Computer equipment and software - Furniture and equipment - Less accumulated depreciation $ $ Depreciation expense was $51.3 , $37.4 , $7.9 and $4.5 for the years ended January 31, 20 16, December 31, 2014 and 2013 and the one month ended January 31, 2015, respectively.

Goodwill and Long-lived Assets,

Goodwill and Long-lived Assets, Net	12 Months Ended
	Jan. 31, 2016
Goodwill and Long-lived Assets, Net
Goodwill and Long-lived Assets, Net	4. GOODWILL AND LONG-LIVED ASSETS, NET The following sets forth the intangible assets by major asset class, all of which were acquired through business purchase transactions: January 31, 2016 January 31, 2015 Useful Life Original Accumulated Impairment Net Book Original Accumulated Net Book (Years) Cost Amortization Charge Value Cost Amortization Value Customer contracts and relationships 8 - 30 $ $ $ $ $ $ $ Covenants not to compete 4 - 5 Trade names Indefinite — — — $ $ $ $ $ $ $ Amortization expense of intangible assets was $23.7 , $30.5 , $19.9 and $2.8 for the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015 , respectively . Amortization expense is expected to be approximately $15.0 in each of the next five years . In accordance with ASC 350, goodwill is not amortized but is subject to an annual impairment test. The continued downturn in the oil and gas industry, including the nearly 75% decrease in the number of onshore drilling rigs and the resulting significant cutbacks in the capital expenditures of our customers, represented a significant adverse change in the business climate, which indicated that the ESG reporting unit’s goodwill was impaired and ESG asset group’s long-lived assets may not be recoverable. As a result, during the third quarter ended October 31, 2015, the Company performed an interim goodwill impairment test and a long-lived asset recoverability test. The results of the goodwill impairment testing indicated that goodwill was impaired which resulted in a $310.4 goodwill impairment charge for the year ended January 31, 2016. Long-lived assets, such as property and equipment and purchased intangibles subject to amortization, are tested for impairment when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recovered. An impairment loss is recognized when the undiscounted cash flows expected to be generated by an asset (or group of assets) is less than its carrying amount. Any required impairment loss is measured as the amount by which the asset’s carrying value exceeds its fair value and is recorded as a reduction in the carrying value of the related asset and a charge to operating results. Based on the impairment indicators above, we performed a long-lived asset impairment analysis and concluded the carrying amount of the long-lived assets exceeded the undiscounted cash flows of the ESG asset group. As a result, we recorded a $329.8 long-lived asset impairment charge, $177.8 related to identified intangible assets and $152.0 related to property and equipment for the year ended January 31, 2016. The charges reflect the full value of the goodwill and identified intangible assets attributable to the ESG segment. The accumulated goodwill impairment loss es (incurred in 2008 and 2015) totaled $601.1 as of January 31, 2016. The changes in the carrying amount of goodwill for the years ended January 31, 2016 and December 31, 2014 and the one month ended January 31, 2015 are as follows: Balance, December 31, 2013 $ Acquisitions Effect of foreign currency translation Balance, December 31, 2014 Purchase Price Adjustments Effect of foreign currency translation Balance, January 31, 2015 Acquisitions Purchase Price Adjustments Effect of foreign currency translation Impairment Balance, January 31, 2016 $

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jan. 31, 2016
Related Party Transactions
Related Party Transactions	5 . RELATED PARTY TRANSACTIONS The consolidated and combined statements of earnings and comprehensive income for the two years ended December 31, 2014 include an allocation of general corporate expenses from B/E Aerospace. These costs we re allocated to the Company on a systematic and reasonable basis utilizing a direct usage basis when identifiable, with the remainder allocated on the basis of costs incurred, headcount or other measures. Allocations for general corporate expenses, including management costs and corporate support services provided to the Company, totaled $31.7 and $33.6 for fiscal year 2014 and 201 3 , respectively. These amounts include costs for functions including executive management, finance, legal, information technology, human resources, employee benefits administration, treasury, risk management, procurement and other shared services. In connection with the Spin ‑off, we have created some of the functions that were previously provided to us through corporate allocations from B/E Aerospace in ‑house. In addition, we have entered into certain agreements with B/E Aerospace relating to transition services and IT services for a transitional period of approximately 24 months following the distribution. In addition, we entered into an employee matters agreement and a tax sharing and indemnification agreement with B/E Aerospa ce in connection with the Spin ‑ off. This transitional support will enable K LX Inc. to establish its stand ‑ alone processes for various activities that were previously provided by B/E Aerospace and does not constitute significant continuing support of KLX Inc.’s operations. Expenses incurred under those agreements totaled $9.6 for the year ended January 31, 2016. Sales to B/E Aerospace for the years ended January 31, 2016 , December 31, 2014 and 201 3 and the one month ended January 31, 2015 were $19.0 , $16.2 , $13.6 and $1.5 , respectively.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Jan. 31, 2016
Accrued Liabilities
Accrued Liabilities	6 . ACCRUED LIABILITIES Accrued liabilities consist of the following: January 31, 2016 January 31, 2015 Accrued salaries, vacation and related benefits $ $ Accrued commissions Income taxes payable Accrued interest Other accrued taxes Accrued legal fees - Other accrued liabilities $ $

Long-Term Debt

Long-Term Debt	12 Months Ended
	Jan. 31, 2016
Long-Term Debt
Long-Term Debt	7 . LONG ‑TERM DEBT Long-term debt consists of the following: January 31, 2016 January 31, 2015 Senior unsecured notes $ $ Less unamortized original issue discount and debt issue costs $ $ In December 2014, in connection with the Spin ‑off, the Company issued $1,200.0 aggregate principal amount of 5.875% senior unsecured notes due 2022 (the “5.875% Notes”), in an offering pursuant to the Securities Act of 1933, as amended. The net proceeds from the issuance of the 5.875% Notes were approximately $1,172.1 , of which $750.0 was distributed to Former Parent, leaving KLX with net proceeds of approximately $422.1 . The 5.875% Notes are senior unsecured debt obligations of the Company. We also entered into a $750.0 secured revolving credit facility dated as of December 16, 2014 and amended May 19, 2015 (the “Revolving Credit Facility”) . As of January 31, 2016 and December 31, 2014 , long ‑term debt consisted of $1,200.0 of our 5.875% Notes. Letters of credit outstanding under the Revolving Credit Facility aggregated $3.3 at January 31, 2016 . The Revolving Credit Facility is tied to a borrowing base formula and has no financial covenants. The Revolving Credit Facility bears interest at an annual rate equal to the London interbank offered rate (“LIBOR”) plus the applicable margin (as defined), and expires in May 2020 . No amounts were outstanding under the Revolving Credit Facility as of January 31, 2016 . Maturities of long ‑term debt are as follows: Year Ending January 31, 2017 $ — 2018 — 2019 — 2020 — 2021 — Thereafter Total $ Interest expense amounted to $77.7 , $3.3 , $0.0 and $6.3 for the years ended January 31, 2016 , December 31, 2014 and 201 3 and the one month ended January 31, 2015 , respectively.

Commitments, Contingencies and

Commitments, Contingencies and Off-Balance Sheet Arrangements	12 Months Ended
	Jan. 31, 2016
Commitments, Contingencies and Off-Balance Sheet Arrangements
Commitments, Contingencies and Off-Balance Sheet Arrangements	8 . COMMITMENTS, CONTINGENCIES AND OFF ‑BALANCE ‑SHEET ARRANGEMENTS Lease Commitments —The Company finances its use of certain facilities and equipment under committed lease arrangements provided by various institutions. Since the terms of these arrangements meet the accounting definition of operating lease arrangements, the aggregate sum of future minimum lease payments is not reflected on the consolidated and combined balance sheets. At January 31, 2016 , future minimum lease payments under these arrangements approximated $87.0 , of which $83.1 is related to long ‑term real estate leases. Rent expense for the years ended January 31, 2016 , December 31, 2014 and 2013 was $37.7 , $26.4 and $20.6 , respectively. Future payments under operating leases with terms greater than one year as of January 31, 2016 are as follows: Year Ending January 31, 2017 $ 2018 2019 2020 2021 Thereafter Total $ Litigation —The Company is a defendant in various legal actions arising in the normal course of business, the outcomes of which, in the opinion of management, neither individually nor in the aggregate are likely to result in a material adverse effect on the Company’s consolidated and combined financial statements. On January 6, 2016, a putative class action complaint was filed against us and certain of our executive officers and directors in the United States District Court for the Southern District of Florida. The named plaintiff seeks to represent a class of purchasers of our common stock during the period from March 9, 2015 to November 11, 2015. The complaint alleges violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder, as well as, in the case of the individual defendants, the control person provisions of the Exchange Act. The complaint principally alleges that the defendants knowingly made incorrect statements regarding the value of the identifiable intangible assets and goodwill associated with ESG prior to the impairment of such assets during the third quarter of 2015. The complaint seeks unspecified damages, interest and attorneys' fees. We believe the claims are without merit and intend vigorously to defend ourselves against them, including by promptly seeking dismissal of the complaint. Indemnities, Commitments and Guarantees —During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These indemnities include indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease and indemnities to other parties to certain acquisition agreements. The duration of these indemnities, commitments and guarantees varies, and in certain cases, is indefinite. Many of these indemnities, commitments and guarantees provide for limitations on the maximum potential future payments the Company could be obligated to make. However, the Company is unable to estimate the maximum amount of liability related to its indemnities, commitments and guarantees because such liabilities are contingent upon the occurrence of events that are not reasonably determinable. Management believes that any liability for these indemnities, commitments and guarantees would not be material to the accompanying consolidated and combined financial statements. Accordingly, no significant amounts have been accrued for indemnities, commitments and guarantees. The Company has employment agreements with three year initial terms, which renew for one additional year on each anniversary date, with certain key members of management. The Company’s employment agreements generally provide for certain protections in the event of a change of control. These protections generally include the payment of severance and related benefits under certain circumstances in the event of a change of control and for the Company to reimburse such officers for the amount of any excise taxes associated with such be nefits.

Income Taxes

Income Taxes	12 Months Ended
	Jan. 31, 2016
Income Taxes
Income Taxes	9. INCOME TAXES Income taxes as presented are calculated o n a separate tax return basis. The Company determined the provision for income taxes using the asset and liability approach. Under this approach, deferred income taxes represent the expected future tax consequences of temporary differences between the carrying amounts and tax basis of assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. In assessing the need for a valuation allowance, the Company looked to the future reversal of existing taxable temporary differences, taxable income in carryback years and the feasibility of tax planning strategies and estimated future taxable income . The need for a valuation allowance can be affected by changes to tax laws, changes to statutory tax rates and changes to fu ture taxable income estimates. The Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated and combined financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of January 31, 2016, the Company has recorded a tax indemnity payable to B/E Aerospace totaling $6.5 , of which $1.9 is classified in other current liabilities and $4.6 is classified in other long ‑term liabilities. Components of (loss) earnings before incomes taxes were: Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 (Loss) earnings before income taxes United States $ $ $ $ Foreign (Loss) earnings before income taxes $ $ $ $ Income tax (benefit) expense consists of the following: Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Current: Federal $ $ $ $ State Foreign Deferred: Federal — State — Foreign Total income tax (benefit) expense $ $ $ $ The difference between income tax (benefit) expense and the amount computed by applying the statutory U.S. federal income tax rate ( 35% ) to the pre ‑tax earnings consists of the following: Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Statutory federal income tax (benefit) expense $ $ $ $ U.S. state income taxes Foreign tax rate differential Non-deductible charges/losses and other Exit taxes — — — $ $ $ $ Included in the income tax (benefit) expense for the years ended January 31, 2016, December 31, 2014 December 31, 2013 and the one month ended January 31, 2015, respectively, are changes in the valuation allowance of $7.1 , $12.0 , $1.4 and $0.0. The tax effects of temporary differences and carryforwards that give rise to deferred income tax assets and liabilities consist of the following: January 31, 2016 January 31, 2015 Deferred tax assets: Inventory reserves $ $ Accrued liabilities Intangible Assets — Net operating loss carryforward Inventory capitalization Other $ $ Deferred tax liabilities: Intangible assets Depreciation Net deferred tax asset (liability) before valuation allowance Valuation allowance Net deferred tax liability $ $ A reconciliation of the beginning and ending amounts of gross uncertain tax positions is presented below: January 31, 2016 January 31, 2015 December 31, 2014 Unrecognized tax benefit at beginning of period $ $ $ Additions for current year tax positions — — Currency fluctuations Unrecognized tax benefit at end of period $ $ $ Included in the balance of unrecognized tax benefits as of January 31, 2016 and 2015 and December 31, 2014 are $9.0, $9.4 and $10.1, respectively, of tax benefits that, if recognized, would affect the effective tax rate. The Company does not anticipate that the total unrecognized tax benefits will significantly change due to the settlement of audits or the expiration of statutes of limitation within twelve months of this reporting date. The Company classifies interest and penalties related to income tax as income tax expense. The amount included in the Company’s liability for unrecognized tax benefits for interest and penalties was immaterial as of January 31, 2016, January 31, 2015 and December 31, 2014. The Company is subject to taxation in the United States, various states and foreign jurisdictions. The Company has significant operations in the United States, the United Kingdom, France and Germany. Tax years that remain subject to examinations by major tax jurisdictions vary by legal entity but are generally open outside the U.S. for the tax years ending after 2009. The Company has federal and state net operating loss carryforward s of $98.2 and $63.7 , respectively, a s of January 31, 2016. The Company has $82.7 of foreign net operating loss carryforwards as of January 31, 2016 for which a valuation allowance of $81.3 has been recognized. The Company’s future tax provision will reflect any favorable or unfavorable adjustments to its estimated tax liabilities when resolved. The Company is unable to predict the outcome of these matters. However, the Company believes that none of these matters will have a material effect on the results of operations or financial condition of the Company. Undistributed earnings of certain of the Company’s foreign subsidiaries amounted to $45.9 at January 31, 2016. Those earnings are considered to be permanently reinvested and no provision for U.S. federal and state income taxes has been made. Distribution of these earnings in the form of dividends or otherwise could result in U.S. federal taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable in various foreign countries. It is not currently practical to determine the amount of U.S. income and foreign withholding tax payable in the event all such foreign earnings are repatriated. The Company’s effective tax rate can fluctuate as operations and the local country tax rates fluctuate due to the number of tax jurisdictions in which the Company operates. Under the tax sharing and indemnity agreement between the Company and B/E Aerospace, B/E Aerospace generally assumes liability for all federal and state income taxes for all tax periods ending on or prior to December 31, 201 4 . B/E Aerospace assumes the liability for all federal and state income taxes of KLX’s U.S. operations through the distribution date. KLX assumes all other federal taxes, foreign income tax/non ‑income taxes and state/local non ‑income taxes related to its business for all periods and B/E Aerospace assumes all other federal taxes, foreign income tax/non ‑income taxes and state/local non ‑income taxes related to their business for all periods. Additional taxes incurred related to the internal restructuring to separate the businesses to complete the spin ‑off shall be shared equally between B/E Aerospace and KLX. Taxes incurred related to certain international tax initiatives for the KLX business shall be assumed by KLX subject to the calculation provisions of the tax sharing and indemnity agreement. In addition, B/E Aerospace transferred to KLX all the deferred tax assets and liabilities related to the KLX business as of December 16, 2014.

Employee Retirement Plans

Employee Retirement Plans	12 Months Ended
	Jan. 31, 2016
Employee Retirement Plans
Employee Retirement Plans	1 0 . EMPLOYEE RETIREMENT PLANS B/E Aerospace sponsored and contributes to a qualified, defined contribution savings and investment plan, covering substantially all U.S. employees, including current KLX employees that transferred to KLX from B/E Aerospace. Balances related to the Company employees’ participation in B/E Aerospace’s plans were determined by specifically identifying the balances for the Company’s participants. The B/E Aerospace, Inc. Savings Plan was established pursuant to Section 401(k) of the Internal Revenue Code. Under the terms of this plan, covered employees could contribute up to 100% of their pay, limited to certain statutory maximum contributions for 2014 and 2013. Participants are vested in matching contributions immediately and the matching percentage is 100% of the first 3% of employee contributions and 50% on the next 2% of employee contributions. Total expense for the plan was $3.6 , $2.8, $1.6 and $0.4 for the years ended January 31, 2016 , December 31, 2014 and 201 3 and the one month ended January 31, 2015 , respectively . B/E Aerospace also sponsored and contributed to a supplemental executive retirement plan (“SERP”), which was established pursuant to Section 409A of the Internal Revenue Code, for certain B/E Aerospace and Company employees. The SERP is an unfunded plan maintained for the purpose of providing deferred compensation for certain employees. This plan allows certain employees to annually elect to defer a portion of their compensation, on a pre ‑tax basis, until their retirement. The retirement benefit to be provided is based on the amount of compensation deferred. The Former Parent made cash matching contributions and earnings on deferrals at various levels, which varies by position. Compensation expense under this program was $2.4 , $0.1 and $0.2 for the years ended January 31, 2016 , December 31, 2014 and 201 3, respectively . Compensation expense was immaterial under this program for the one month ended January 31, 2015. The Company and its subsidiaries participate in government ‑sponsored programs in certain foreign countries. The Company funds these plans based on legal requirements, tax considerations, local practices and investment opportunities. Upon the Spin ‑off, the Company adopted employee retirement plans substantially similar to those of the B/E Aerospace.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jan. 31, 2016
Stockholders' Equity
Stockholders' Equity	11. STOCKHOLDERS’ EQUITY Earnings Per Share —Basic net earnings per common share is computed using the weighted average of common shares outstanding during the year. Diluted net earnings per common share reflects the potential dilution from assumed conversion of all dilutive securities such as stock options and unvested restricted stock using the treasury stock method. When the effects of the outstanding stock options, restricted stock awards or restricted stock units are anti ‑dilutive, they are not included in the calculation of diluted earnings per common share. For the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015, no shares and approximately 0.1 , 0.1 and 0.1 million shares, respectively, were excluded from the determination of diluted earnings per common share because the effect would have been anti ‑dilutive. The following table sets forth the computation of basic and diluted net earnings per share for the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015: Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Numerator: net (loss) earnings $ $ $ $ Denominator: Denominator for basic earnings per share—Weighted average shares (in millions) Effect of dilutive securities—Dilutive securities (in millions) — Denominator for diluted earnings per share—Adjusted weighted average shares (in millions) Basic net (loss) earnings per share (1) $ $ $ $ Diluted net (loss) earnings per share (1) $ $ $ $ (1) On December 16, 2014, the distribution date, B/E Aerospace stockholders of record as of the close of business on December 5, 2014 received one share of KLX common stock for every two shares of B/E Aerospace’s common stock held as of the record date. Basic and diluted earnings per common share and the average number of common shares outstanding were calculated using the number of KLX common shares outstanding immediately following the distribution. Long ‑Term Incentive Plan —B/E Aerospace has a Long ‑Term Incentive Plan (“LTIP”) under which the Former Parent’s Compensation Committee may grant stock options, stock appreciation rights, restricted stock, restricted stock units or other forms of equity based or equity related awards. KLX adopted an LTIP similar to the Former Parent’s upon the Spin ‑off, and unvested shares in the Former Parent were transferred with the employees to KLX on the same terms and conditions on an exchange ratio of 1.8139 such that the impact was neutral to employees at the date of the Spin ‑off. During 2014, 2013 and 2012, B/E Aerospace granted restricted stock under the LTIP to certain members of the Company’s management. Restricted stock grants vest over four years and are granted at the discretion of the Compensation Committee of the B/E Aerospace’s Board of Directors. Certain awards also vest upon attainment of performance goals. Compensation cost is recorded on a straight ‑line basis over the vesting term of the shares based on the grant date value using the closing trading price. Share based compensation of $11.4 , $3.5, $3.5 and $0.5 was recorded during fiscal year 201 5 , 2014 and 2013 and the one month ended January 31, 2015, respectively. Unrecognized compensation cost related to these grants was $36.6 at January 31, 2016. The following table summarizes shares of restricted stock that were granted, vested, forfeited and outstanding: January 31, 2016 January 31, 2015 Weighted Weighted Weighted Average Weighted Average Average Remaining Average Remaining Shares Grant Date Vesting Period Shares Grant Date Vesting Period (in thousands) Fair Value (in years) (in thousands) Fair Value (in years) Outstanding, beginning of period $ $ Shares granted Shares vested — — Shares forfeited Outstanding, end of period $ $ Our stock options are eligible to vest over three years in three equal annual installments, subject to continued employment on each vesting date. Vested options are exercisable at any time until 10 years from the date of the option grant, subject to earlier expirations under certain terminations of service and other conditions. The stock options granted have an exercise price equal to the closing stock price of our common stock on the grant date. At January 31, 2016 and January 31, 2015, we have outstanding 596,598 and 894,899 unvested time-based stock options, respectively, under the KLX Inc. Long-Term Incentive Plan (the “Plan”), which stock options vest on the basis of continuous employment. All of the time-based options vest ratably during the period of service. The following table sets forth the summary of options activity under the Plan (dollars in thousands except per share data): January 31, 2016 January 31, 2015 Weighted Weighted Weighted Average Weighted Average Average Remaining Aggregate Average Remaining Aggregate Number Exercise Contractual Life Intrinsic Number Exercise Contractual Life Intrinsic of Shares Price (in years) Value (1) of Shares Price (in years) Value (1) Outstanding, beginning of period $ $ — — — $ — Granted — — $ Exercised — — — — Canceled — — — — Outstanding, end of period $ $ — $ $ Exercisable, end of period $ $ — — $ — — $ — (1) Aggregate intrinsic value is calculated based on the difference between our closing stock price at year end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised all their options on the fiscal year end date. For the year ended January 31, 2016 and the one month ended January 31, 2015, we recorded $3.9 and $0.2 , respectively, of stock-based compensation expense related to these options that is included within selling, general and administrative expenses. At January 31, 2016 and January 31, 2015, the unrecognized stock-based compensation related to these options was $7.5 and $11.3 , respectively, and is expected to be recognized over a weighted-average period of 1.87 and 2.87 years, respectively. We use the Black-Scholes option pricing model to determine the fair value of stock options. The determination of the fair value of stock-based payment awards on the date of grant using an option-pricing model is affected by our stock price as well as assumptions regarding complex and subjective variables. These variables include the expected stock price volatility over the term of the awards, risk-free interest rate and expected dividends. Due to the limited trading history of our common stock, we estimated expected volatility based on historical data of comparable public companies. The expected term, which represents the period of time that options granted are expected to be outstanding, is estimated based on guidelines provided in U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 110 and represents the average of the vesting tranches and contractual terms. The risk-free rate assumed in valuing the options is based on the U.S. Treasury rate in effect at the time of grant for the expected term of the option. We do not anticipate paying any cash dividends in the foreseeable future and, therefore, used an expected dividend yield of zero in t he option pricing model. Compensation expense is recognized only for those options expected to vest with forfeitures estimated based on our historical experience at B/E Aerospace and future expectations. Stock-based compensation awards are amortized on a straight line basis over a three year period. The weighted average assumptions used to value the option grants are as follows: January 31, 2015 Expected life (in years) Volatility Risk free interest rate Dividend yield - The weighted average fair value per option at the grant date for options issued during the one month ended January 31, 2015 was $12.99 .

Employee Stock Purchase Plan

Employee Stock Purchase Plan	12 Months Ended
	Jan. 31, 2016
Employee Stock Purchase Plan
Employee Stock Purchase Plan	1 2 . EMPLOYEE STOCK PURCHASE PLAN KLX has established a qualified Employee Stock Purchase Plan, the terms of which allow for qualified employees (as defined in the Plan) to participate in the purchase of designated shares of KLX’s common stock at a price equal to 85% of the closing price on the last business day of each semi ‑annual stock purchase period. KLX issued approximately 50,000 shares of common stock to employees of the Company during the year ended January 31, 2016 at a weighted average price per share of $30.62 . B/E Aerospace had a similar plan and issued approximately 19,000 and 16,000 shares of common stock to employees of the Company during the years ended December 31, 2014 and 201 3 , respectively, pursuant to this plan at a weighted average price per share of $71.40 and $61.60 , respectively . No shares of common stock were issued during the one month ended January 31, 2015.

Segment Reporting

Segment Reporting	12 Months Ended
	Jan. 31, 2016
Segment Reporting
Segment Reporting	1 3 . SEGMENT REPORTING The Company is organized based on the products and services it offers. As a result of the ESG acquisitions, the Company determined that ESG met the requirements of a reportable segment, and its operations during 2013 were n ot significant. The Company’s A S G reportable segment, which is also its operating segment, is comprised of consumables management and is in a single line of business. The segment regularly reports its results of operations and makes requests for capital expenditures and acquisition funding to the Company’s chief operational decision ‑making group. This group is comprised of the Chairman and Ch ief Executive Officer and the President and Chief Operating Officer . The following table presents revenues and other financial information by business segment: Year Ended January 31, 2016 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (loss) (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization Year Ended December 31, 2014 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization Year Ended December 31, 2013 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (loss) (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization Month Ended January 31, 2015 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization (1) Operating earnings includes an allocation of corporate IT costs, employee benefits and general and administrative costs. The allocations were made on a direct usage basis when identifiable, with the remainder allocated on the basis of revenues generated, costs incurred, headcount or other measures. (2) Corporate assets (including cash and cash equivalents) of $559.5 , $451.6 , $508.4 and $0 at January 31, 2016 and 2015 and December 31, 2014 and 2013, respectively, have been allocated to the above segments based on each segment’s percentage of total assets. (3) Corporate capital expenditures have been allocated to the above segments based on each segment’s percentage of total capital expenditures. Geographic Information The Company operates principally in three geographic areas, the United States, Europe (primarily Germany) and emerging markets, such as Asia, the Pacific Rim and the Middle East. There were no significant transfers among geographic areas during these periods. The following table presents revenues and operating (loss) earnings based on the originating location for the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015 . Additionally, it presents all identifiable assets related to the operations in each geographic area as of January 31, 2016 and 2015 : Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Revenues: Domestic $ $ $ $ Foreign $ $ $ $ Operating (loss) earnings: Domestic $ $ $ $ Foreign $ $ $ $ January 31, 2016 January 31, 2015 Identifiable assets: Domestic $ $ Foreign $ $ Revenues by geographic area, based on destination, for the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015 were as follows: Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 % of % of % of % of Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues U.S. $ % $ % $ % $ % Europe % % % % Asia, Pacific Rim, Middle East and other % % % % $ % $ % $ % $ % Export revenues from the United States to customers in foreign countries amounted to $457.9 , $414.3 , $361.4 and $29.6 in the y ears ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015 , respectively.

Fair Value Information

Fair Value Information	12 Months Ended
	Jan. 31, 2016
Fair Value Information
Fair Value Information	1 4 . FAIR VALUE INFORMATION All financial instruments are carried at amounts that approximate estimated fair value. The fair value is the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. Assets measured at fair value are categorized based upon the lowest level of significant input to the valuations. Level 1—quoted prices in active markets for identical assets and liabilities. Level 2—quoted prices for identical assets and liabilities in markets that are not active or observable inputs other than quoted prices in active markets for identical assets and liabilities. Level 3—unobservable inputs in which there is little or no market data available, which require the reporting entity to develop its own assumptions. The carrying amounts of cash and cash equivalents (which the Company classifies as Level 1 assets), accounts receivable ‑trade and accounts payable represent their respective fair values due to their short ‑term nature. There was no debt outstanding under the Revolving Credit Facility as of January 31, 2016 and 2015 . The fair value of the Company’s 5.875% Notes, based on market prices for publicly ‑traded debt (which the Company classifies as Level 2 inputs), was $1,136.4 and $1,182.0 as of January 31, 2016 and 2015 , respectively. Goodwill and long-lived assets, including property and equipment and purchased intangibles subject to amortization were impaired and written down to their estimated fair values during the third quarter of Fiscal 2015. The goodwill level 3 fair value was determined using an income based approach utilizing estimates of future cash flow, discount rate and long-term growth rate, all of which were unobservable. The long-lived asset level 3 fair value was determined using a combination of the cost approach and the market approach, which used inputs that included replacement costs (unobservable), physical deterioration estimates (unobservable), economic obsolescence (unobservable), and market sales data for comparable assets. The following table summarizes impairments of goodwill and long-lived assets and the related post impairment fair values of the corresponding ESG assets for the year ended January 31, 2016: Year Ended January 31, 2016 Impairment Fair Value Property and equipment, net $ $ Goodwill — Intangible assets — $ $ Fair value is measured as of the impairment date using Level 3 inputs. See N ote 4 for a discussion of the asset impairment charge recorded during the third quarter of Fiscal 2015 . The fair value information presented herein is based on pertinent information available to management at January 31, 2016 and 2015 , respectively. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these consolidated and combined financial statements since those dates, and current estimates of fair value may differ significantly from the amounts presented herein.

Selected Quarterly Data (Unaudi

Selected Quarterly Data (Unaudited)	12 Months Ended
	Jan. 31, 2016
Selected Quarterly Data (Unaudited)
Selected Quarterly Data (Unaudited)	1 5 . SELECTED QUARTERLY DATA ( Unaudited) Summarized quarterly financial data for the years ended January 31, 2016 and December 31, 201 4 are as follows: Year Ended January 31, 2016 First Second Third Fourth Quarter Quarter Quarter (3) Quarter (4) Revenues $ $ $ $ Cost of sales Net earnings (loss) Basic net earnings (loss) per s hare (1) Diluted net earnings (loss) per share (1)(2) (1) Net earnings per share are computed individually for each quarter presented. Therefore, the sum of the quarterly net earnings per share may not necessarily equal the total for the year. (2) The Company has potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan. These potential common stock equivalents were not included in diluted loss per share for the three months ended January 31, 2016 because the effect would have been anti ‑dilutive. Accordingly, basic and diluted loss per common share and the weighted average number of shares used in the computation are the same for the three months ended January 31, 2016. For each of the other periods presented, the Company had potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan as of January 31, 2016 that were considered in the Company’s diluted earnings per share calculation. (3) Net loss in the third quarter includes an impairment charge of $640.2 including a goodwill impairment of $310.4 , $177.8 related to identifiable intangibles and $152.0 related to PP&E. (4) Net loss in the fourth quarter includes $32.4 of non ‑recurring costs, including acquisition and integration costs, severance and other Spin ‑off related costs. Year Ended December 31, 2014 First Second Third Fourth Quarter Quarter Quarter Quarter (3) Revenues $ $ $ $ Cost of sales Net earnings Basic net earnings (loss) per share (1) Diluted net earnings (loss) per share (1)(2) (1) Net earnings per share are computed individually for each quarter presented. Therefore, the sum of the quarterly net earnings per share may not necessarily equal the total for the year. (2) The Company has potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan. These potential common stock equivalents were not included in diluted loss per share for the three months ended December 31, 2014 because the effect would have been anti-dilutive. Accordingly, basic and diluted loss per common share and the weighted average number of shares used in the computation are the same for the three months ended December 31, 2014. For each of the other periods presented, the Company had potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan as of December 31, 2014 that were considered in the Company's diluted earnings per share calculation. (3) Net loss in the fourth quarter includes non-recurring costs, including acquisition and integration costs, severance, other Spin-off related costs and exit taxes related to a major international tax planning initiative aggregating approximately $98.0 ( $26.2 in the third quarter).

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Jan. 31, 2016
Valuation and Qualifying Accounts
Valuation And Qualifying Accounts	SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED JANUARY 31, 201 6, D ECEMBER 31, 2014 AND 201 3 (In millions) Balance At Balance At Beginning Write-Offs/ End Of Period Expenses Other Disposals Of Period Deducted From Assets: Allowance for doubtful accounts: Year ended January 31, 2016 $ $ $ — $ $ Month ended January 31, 2015 — Year ended December 31, 2014 Year ended December 31, 2013 Reserve for obsolete inventory: Year ended January 31, 2016 $ $ $ — $ $ Month ended January 31, 2015 Year ended December 31, 2014 — Year ended December 31, 2013 — Deferred tax asset valuation allowance: Year ended January 31, 2016 $ $ — $ $ $ Month ended January 31, 2015 — — — Year ended December 31, 2014 — — Year ended December 31, 2013 — —

Description of Business and S23

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jan. 31, 2016
Description of Business and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation On February 24, 2015, the Board of Directors approved a change in the Company’s fiscal year end from December 31 to January 31. This change to the new reporting cycle began February 1, 2015. As a result of the change, the Company is reporting a January 2015 fiscal month transition period. The Company’s consolidated and combined financial statements include KLX and its wholly owned subsidiaries. Prior to the Spin ‑Off on December 17, 2014, KLX’s financial statements were derived from B/E Aerospace’s consolidated and combined financial statements and accounting records as if it was operated on a stand ‑alone basis and were prepared in accordance with accounting principles generally accepted in the United States (GAAP). All intercompany transactions and account balances within the Company have been eliminated. The consolidated and combined statements of earnings and comprehensive income for the periods prior to the spin-off reflect allocations of general corporate expenses from B/E Aerospace, including, but not limited to, executive management, finance, legal, information technology, human resources, employee benefits administration, treasury, risk management, procurement and other shared services. The allocations were made on a direct usage basis when identifiable, with the remainder allocated on the basis of revenues generated, costs incurred, headcount or other measures. Management of the Company considers these allocations to be a reasonable reflection of the utilization of services by, or the benefits provided, to the Company. The allocations may not, however, reflect the expense the Company would have incurred as a stand ‑alone company for the periods presented. Actual costs that may have been incurred if the Company had been a stand ‑alone company would depend on a number of factors, including the chosen organizational structure, what functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure.
Use of Estimates	Use of Estimates —The preparation of the consolidated and combined financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition —Sales of products and services are recorded when the earnings process is complete. This generally occurs when the products are shipped to the customer in accordance with the contract or purchase order, risk of loss and title has passed to the customer, collectability is reasonably assured and pricing is fixed and determinable. In instances where title does not pass to the customer upon shipment, the Company recognizes revenue upon delivery or customer acceptance, depending on the terms of the sales contract. In connection with the sales of its products, the Company also provides certain supply chain management services to certain of its customers. These services include the timely replenishment of products at the customer site, while also minimizing the customer’s on ‑hand inventory. These services are provided by the Company contemporaneously with the delivery of the product, and as such, once the product is delivered, the Company does not have a post ‑delivery obligation to provide services to the customer. The price of such services is generally included in the price of the products delivered to the customer, and revenue is recognized upon delivery of the product, at which point, the Company has satisfied its obligations to the customer. The Company does not account for these services as a separate element, as the services do not have stand ‑alone value and cannot be separated from the product element of the arrangement. Service revenues from oilfield technical services and related rental equipment are recorded when services are performed and/or equipment is rented pursuant to a completed purchase order or master services agreement (“MSA”) that sets forth firm pricing and payment terms.
Income Taxes	Income Taxes —The Company provides deferred income taxes for temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax purposes. Deferred income taxes are computed using enacted tax rates that are expected to be in effect when the temporary differences reverse. A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some portion or the entire deferred tax asset will not be realized. The Company records uncertain tax positions within income tax expense and classifies interest and penalties related to income taxes as income tax expense.
Cash Equivalents	Cash Equivalents —The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.
Accounts Receivable, Net	Accounts Receivable, Net —The Company performs ongoing credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current creditworthiness, as determined by review of their current credit information. The Company continuously monitors collections and payments from its customers and maintains a provision for estimated credit losses based upon historical experience and any specific customer collection issues that have been identified. The allowance for doubtful accounts at January 31, 2016 and 2015 was $11.3 and $8.0 , respectively.
Inventories	Inventories —Inventories, made up of finished goods, primarily consist of aerospace fasteners and consumables. The Company values inventories at the lower of cost or market, using first ‑in, first ‑out or weighted average cost method. The Company regularly reviews inventory quantities on hand and records a provision for excess and obsolete inventory based primarily on historical demand, estimated product demand to support contractual supply agreements with its customers and the age of the inventory among other factors. Demand for the Company’s products can fluctuate from period to period depending on customer activity. In accordance with industry practice, costs in inventory include amounts relating to long-term contracts with long production cycles and to inventory items with long production cycles, some of which are not expected to be realized within one year. Reserves for excess and obsolete i nventory were approximately $40.4 and $33.5 as of January 31, 2016 and 2015, respectively. Substantially all of our inventory is comprised of aerospace grade fasteners which support OEM production and the aftermarket over the life of the airframe. Inventory with a limited shelf life is continually monitored and reserved for in advance of expiration. The provision for inventory with limited shelf life is relatively insignificant and has not exceeded $0.5 during the past three years.
Property and Equipment, Net	Property and Equipment, Net —Property and equipment are stated at cost and depreciated generally under the straight ‑line method over their estimated useful lives of one to fifty years (or the lesser of the term of the lease for leasehold improvements, as appropriate).
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net —Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 350, Intangibles — Goodwill and Other (“ASC 350”), goodwill and indefinite ‑lived intangible assets are reviewed at least annually for impairment. Acquired intangible assets with definite lives are amortized over their individual useful lives. O ther intangible assets are amortized using the straight ‑line method over periods ranging from four to thirty years. As of January 31, 2016, the Company had two reporting units, which were determined based on the guidelines contained in FASB ASC Topic 350, Subtopic 20, Section 35. Each reporting unit constitutes a business, for which there is discrete financial information available that is regularly reviewed by the management of the Company. Goodwill is tested at least annually as of December 31 st , and management assesses whether there has been any impairment in the value of goodwill by first comparing the fair value to the net carrying value of the reporting units. If the carrying value exceeds its estimated fair value, a second step is performed to compute the amount of the impairment. An impairment loss is recognized if the implied fair value of the asset being tested is less than its carrying value. In this event, the asset is written down accordingly. The fair values of the reporting units for goodwill impairment testing is determined using valuation techniques based on estimates, judgments and assumptions management believes are appropriate in the circumstances. The Company considered the continuing downturn in the oil and gas industry, including the nearly 75% decrease in the number of onshore drilling rigs, and the resulting significant cutbacks in capital expenditures by our oil and gas customers and which has resulted in a decrease in both volume and pricing for oil field services, to be an indicator of impairment of goodwill of the ESG reporting unit. The Company performed the first step of its goodwill impairment analysis as of August 31, 2015 and determined the carrying value of the ESG reporting unit exceeds its fair value. The Company completed the second step of its goodwill impairment analysis comparing the implied fair value of that reporting unit’s goodwill to the carrying amount of that goodwill and determined goodwill related to the ESG reporting unit was fully impaired and recorded an impairment charge. Accordingly, the Company recorded a pre-tax impairment charge related to ESG’s goodwill of $310.4 . For the one month ended January 31, 2015 and the years ended December 31, 2014 and 2013, the Company’s annual impairment testing yielded no impairments of goodwill or the indefinite ‑lived intangible asset. The indefinite ‑lived intangible asset is tested at least annually for impairment. Impairment for the intangible asset with an indefinite life exists if the carrying value of the intangible asset exceeds its fair value. The fair value of the indefinite ‑lived intangible asset is determined using valuation techniques based on estimates, judgments and assumptions management believes are appropriate in the circumstances.
Long-Lived Assets	Long ‑Lived Assets —The Company assesses potential impairments to its long ‑lived assets when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recovered. An impairment loss is recognized when the undiscounted cash flows expected to be generated by an asset (or group of assets) is less than its carrying amount. Any required impairment loss is measured as the amount by which the asset’s carrying value exceeds its fair value and is recorded as a reduction in the carrying value of the related asset and a charge to operating results. As a result of the continuing downturn in the oil and gas industry previously mentioned, the Company assessed its ESG asset group’s long-lived assets for impairment and determined the carrying value was not recoverable as of August 31, 2015. The Company used a combination of a cost and market approaches for determining the fair value of the ESG asset group ’ s long lived assets and recognized impairment charges related to identified intangibles and property and equipment of $177.8 and $152.0 , respectively. For the one month ended January 31, 2015 and the years ended December 31, 2014 and 2013, there were no impairments of long lived assets.
Common Stock equivalents	Common Stock equivalents —The Company has potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan. These potential common stock equivalents are not included in diluted loss per share for any period presented in which there is a net loss because the effect would have been anti ‑dilutive.
Accounting for Stock-Based Compensation	Accounting for Stock ‑Based Compensation —The Company accounts for share ‑based compensation arrangements in accordance with the provisions of FASB ASC 718, Compensation—Stock Compensation (“ASC 718”), whereby share ‑based compensation cost is measured on the date of grant, based on the fair value of the award, and is recognized over the requisite service period. Compensation cost recognized during the two years ended December 31, 2014 and 2013 related to grants of restricted stock and restricted stock units granted by our Former Parent. No compensation cost related to stock options was recognized during those periods as no options were granted during the two year period ended December 31, 2014, and all outstanding options were vested. All unvested shares of restricted stock were converted into unvested shares of KLX on the distribution date at a ratio equal to 1.8139 . Compensation cost recognized during the year ended January 31, 2016 (“Fiscal 2015”) and the one month ended January 31, 2015 related to unvested shares converted on the distribution date and new shares of KLX restricted stock and stock options granted during 2015. The Company has established a qualified Employee Stock Purchase Plan. The Employee Stock Purchase Plan allows qualified employees (as defined in the plan) to participate in the purchase of designated shares of KLX’s common stock at a price equal to 85% of the closing price for each semi ‑annual stock purchase period. The fair value of employee purchase rights represents the difference between the closing price of KLX’s shares on the date of purchase and the purchase price of the shares. The value of the rights under this Plan (and that of our Former Parent’s) granted during the years ended January 31, 2016, December 31, 2014 and 2013 was $0.3 , $0.2 and $0.2 , respectively, and was not material during the one month ended January 31, 2015.
Foreign Currency Translation	Foreign Currency Translation —The assets and liabilities of subsidiaries located outside the United States are translated into U.S. dollars at the rates of exchange in effect at the balance sheet dates. Revenue and expense items are translated at the average exchange rates prevailing during the period. Gains and losses resulting from foreign currency transactions are recognized currently in income, and those resulting from translation of financial statements are accumulated as a separate component of Former Parent company equity and accumulated other comprehensive income (loss). The Company’s European subsidiaries primarily utilize the British pound or the Euro as their local functional currency.
Treasury Stock	Treasury Stock - The Company may periodically repurchase shares of its common stock from employees for the satisfaction of their individual payroll tax withholding upon vesting of restricted stock and restricted stock units in connection with the Company’s Long-Term Incentive Plan (“LTIP”) . The Company’s repurchases of common stock are recorded at the average cost of the common stock. As part of the LTIP, t he Company repurchased 32,122 shares of its common stock for $1.0 during the year ended January 31, 201 6 . On January 7, 2016 , the Board of Directors authorized a $100.0 share repurchase under the existing $250.0 share repurchase program. During Fiscal 2015, the Company repurchased 416,200 shares of common stock at an average price of $27.48 per share for a total of $11.4 .
Concentration of Risk	Concentration of Risk —The Company’s products and services are primarily concentrated within the aerospace industry with customers consisting primarily of commercial airlines, a wide variety of business jet customers and commercial aircraft manufacturers. The Company’s management performs ongoing credit evaluations on the financial condition of all of its customers and maintains allowances for uncollectible accounts receivable based on expected collectability. Credit losses have historically been within management’s expectations and the provisions established. Significant customers change from year to year, in the case of ASG, depending on the level of refurbishment activity and/or the level of new aircraft purchases by such customers, and in the case of ESG, depending on the level of exploration and production activity and the use of our services. During th e years ended January 31, 2016 and December 31, 2014, no single customer accounted for more than 10% of the Company’s consolidated revenues. During the year ended December 31, 2013, two customers accounted for approximately 10% each of the Company’s combined revenues. No other individual customers accounted for more than 10% of the Company’s combined revenues during the year ended December 31, 2013.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), which supersedes existing guidance on accounting for leases in "Leases (Topic 840)" and generally requires all leases to be recognized in the statement of financial position. The provisions of ASU 2016-02 are effective for reporting periods beginning after December 15, 2018; early adoption is permitted. The provisions of this ASU are to be applied using a modified retrospective approach. The Company is currently evaluating the effect that this ASU will have on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740). ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective either prospectively or retrospectively for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company has elected to early adopt ASU 2015-17 as of January 31, 2016 and retrospectively applied ASU 2015-17 to all periods presented. As of January 31, 2015 the Company reclassified $37.1 million of deferred tax assets from current assets to the noncurrent liability section of the consolidated balance sheets. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805). ASU 2015-16 requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this update require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years and interim periods beginning after December 15, 2015. The adoption of ASU 2015-16 is not expected to have a material impact on the Company’s consolidated financial statements. In July 2015, FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. ASU 2015-11 requires that inventory be measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Inventory measured using last-in, first-out (“LIFO”) or the retail inventory method are excluded from the scope of this update which is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The adoption of ASU 2015-11 is not expected to have a material impact on the Company’s consolidated financial statements. In April 2015, FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which updated the guidance in ASC Topic 835, Interest. In August 2015, FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which clarifies the guidance in ASU 2015-03 regarding presentation and subsequent measurement of debt issuance costs related to line-of-credit arrangements. The updated guidance is effective retrospectively for annual periods and interim periods within the annual periods beginning after December 15, 2015. Early adoption is permitted, including early adoption in an interim period. The amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The Company adopted these ASUs effective January 31, 2016 and has presented debt issuance costs related to its 5.875% senior unsecured notes of $20.5 and $22.8 as of January 31, 2016 and January 31, 2015, respectively, as a direct deduction from the carrying amounts of its debt liabilities. The January 31, 2015 amount was previously recorded in other assets. In June 2014, the FASB issued ASU 2014-12, Compensation – Stock Compensation, which updated the guidance in ASC Topic 718, Compensation – Stock Compensation (“ASC Topic 718”). The update is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. ASU 2014-12 brings consistency to the accounting for share-based payment awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. The guidance permits two implementation approaches, either prospectively to all awards granted or modified after the effective date, or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of ASU 2014-12 is not expected to have a material impact on the Company’s consolidated financial statements. In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers, which updated the guidance in ASC Topic 606, Revenue Recognition. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when (or as) the entity satisfies a performance obligation. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendments in this update deferred the effective date for implementation of ASU 2014-09 by one year and is now effective for annual reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods beginning after December 15, 2016 including interim reporting periods within that period. The Company is currently evaluating the impact this guidance will have on its consolidated financial condition, results of operations, cash flows and disclosures and is currently unable to estimate the impact of adopting this guidance.

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Jan. 31, 2016
Business Combinations
Estimates Of Fair Values Of Assets Acquired And Liabilities Assumed	Other 2014 Total Total Wildcat Vision Cornell Acquisitions 2014 2013 Accounts receivable-trade $ $ $ $ $ $ Inventories — — Other current and non-current assets — — Property and equipment Goodwill Identified intangibles Accounts payable — Other current and non-current liabilities — Total consideration paid $ $ $ $ $ $
Business Combination Revenues And Net Earnings Included In Company Results	UNAUDITED YEAR ENDED December 31, 2014 December 31, 2013 Pro forma Pro forma Revenues $ $ Net earnings (1) Earnings per diluted share (1) 2014 includes $56.9 of non ‑recurring costs and $67.3 of non-recurring exit taxes ; 2013 includes $24.2 of non ‑recurring costs.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Jan. 31, 2016
Property and Equipment, Net
Property and Equipment	Useful January 31, January 31, Life (Years) 2016 2015 Land, buildings and improvements - $ $ Machinery - Computer equipment and software - Furniture and equipment - Less accumulated depreciation $ $

Goodwill and Long-lived Asset26

Goodwill and Long-lived Assets, Net (Tables)	12 Months Ended
	Jan. 31, 2016
Goodwill and Long-lived Assets, Net
Intangible Assets by Major Asset Class	January 31, 2016 January 31, 2015 Useful Life Original Accumulated Impairment Net Book Original Accumulated Net Book (Years) Cost Amortization Charge Value Cost Amortization Value Customer contracts and relationships 8 - 30 $ $ $ $ $ $ $ Covenants not to compete 4 - 5 Trade names Indefinite — — — $ $ $ $ $ $ $
Schedule of carrying amount of goodwill	Balance, December 31, 2013 $ Acquisitions Effect of foreign currency translation Balance, December 31, 2014 Purchase Price Adjustments Effect of foreign currency translation Balance, January 31, 2015 Acquisitions Purchase Price Adjustments Effect of foreign currency translation Impairment Balance, January 31, 2016 $

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Jan. 31, 2016
Accrued Liabilities
Accrued Liabilities	January 31, 2016 January 31, 2015 Accrued salaries, vacation and related benefits $ $ Accrued commissions Income taxes payable Accrued interest Other accrued taxes Accrued legal fees - Other accrued liabilities $ $

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Jan. 31, 2016
Long-Term Debt
Long-Term Debt	January 31, 2016 January 31, 2015 Senior unsecured notes $ $ Less unamortized original issue discount and debt issue costs $ $
Maturities of Long-Term Debt	Year Ending January 31, 2017 $ — 2018 — 2019 — 2020 — 2021 — Thereafter Total $

Commitments, Contingencies An29

Commitments, Contingencies And Off-Balance-Sheet Arrangements (Tables)	12 Months Ended
	Jan. 31, 2016
Commitments, Contingencies and Off-Balance Sheet Arrangements
Future Payments under Operating Leases with Terms Greater Than One Year	Year Ending January 31, 2017 $ 2018 2019 2020 2021 Thereafter Total $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 31, 2016
Income Taxes
Components of Earnings Before Incomes Taxes	Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 (Loss) earnings before income taxes United States $ $ $ $ Foreign (Loss) earnings before income taxes $ $ $ $
Components of Income Tax Expense	Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Current: Federal $ $ $ $ State Foreign Deferred: Federal — State — Foreign Total income tax (benefit) expense $ $ $ $
Difference Between Income Tax Expense and Amount Computed by Applying Statutory United States Federal Income Tax Rate to Pre-Tax Earnings	Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Statutory federal income tax (benefit) expense $ $ $ $ U.S. state income taxes Foreign tax rate differential Non-deductible charges/losses and other Exit taxes — — — $ $ $ $
Tax Effects of Temporary Differences and Carryforwards that Give Rise to Deferred Income Tax Assets and Liabilities	January 31, 2016 January 31, 2015 Deferred tax assets: Inventory reserves $ $ Accrued liabilities Intangible Assets — Net operating loss carryforward Inventory capitalization Other $ $ Deferred tax liabilities: Intangible assets Depreciation Net deferred tax asset (liability) before valuation allowance Valuation allowance Net deferred tax liability $ $
Reconciliation of Beginning and Ending Amounts of Gross Uncertain Tax Positions	January 31, 2016 January 31, 2015 December 31, 2014 Unrecognized tax benefit at beginning of period $ $ $ Additions for current year tax positions — — Currency fluctuations Unrecognized tax benefit at end of period $ $ $

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Jan. 31, 2016
Stockholders' Equity
Computation of Basic and Diluted Net Earnings Per Share	Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Numerator: net (loss) earnings $ $ $ $ Denominator: Denominator for basic earnings per share—Weighted average shares (in millions) Effect of dilutive securities—Dilutive securities (in millions) — Denominator for diluted earnings per share—Adjusted weighted average shares (in millions) Basic net (loss) earnings per share (1) $ $ $ $ Diluted net (loss) earnings per share (1) $ $ $ $ (1) On December 16, 2014, the distribution date, B/E Aerospace stockholders of record as of the close of business on December 5, 2014 received one share of KLX common stock for every two shares of B/E Aerospace’s common stock held as of the record date. Basic and diluted earnings per common share and the average number of common shares outstanding were calculated using the number of KLX common shares outstanding immediately following the distribution.
Restricted Stock Shares Granted, Vested, Forfeited and Outstanding	January 31, 2016 January 31, 2015 Weighted Weighted Weighted Average Weighted Average Average Remaining Average Remaining Shares Grant Date Vesting Period Shares Grant Date Vesting Period (in thousands) Fair Value (in years) (in thousands) Fair Value (in years) Outstanding, beginning of period $ $ Shares granted Shares vested — — Shares forfeited Outstanding, end of period $ $
Summary of Options Activity	The following table sets forth the summary of options activity under the Plan (dollars in thousands except per share data): January 31, 2016 January 31, 2015 Weighted Weighted Weighted Average Weighted Average Average Remaining Aggregate Average Remaining Aggregate Number Exercise Contractual Life Intrinsic Number Exercise Contractual Life Intrinsic of Shares Price (in years) Value (1) of Shares Price (in years) Value (1) Outstanding, beginning of period $ $ — — — $ — Granted — — $ Exercised — — — — Canceled — — — — Outstanding, end of period $ $ — $ $ Exercisable, end of period $ $ — — $ — — $ — (1) Aggregate intrinsic value is calculated based on the difference between our closing stock price at year end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised all their options on the fiscal year end date.
weighted Average Assumptions Used to Value Option Grants	January 31, 2015 Expected life (in years) Volatility Risk free interest rate Dividend yield -

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Jan. 31, 2016
Segment Reporting
Revenues and Other Financial Information by Business Segment	Year Ended January 31, 2016 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (loss) (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization Year Ended December 31, 2014 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization Year Ended December 31, 2013 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (loss) (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization Month Ended January 31, 2015 Aerospace Solutions Group Energy Services Group Consolidated Revenues $ $ $ Operating earnings (1) Total assets (2) Goodwill Capital expenditures (3) Depreciation and amortization (1) Operating earnings includes an allocation of corporate IT costs, employee benefits and general and administrative costs. The allocations were made on a direct usage basis when identifiable, with the remainder allocated on the basis of revenues generated, costs incurred, headcount or other measures. (2) Corporate assets (including cash and cash equivalents) of $559.5 , $451.6 , $508.4 and $0 at January 31, 2016 and 2015 and December 31, 2014 and 2013, respectively, have been allocated to the above segments based on each segment’s percentage of total assets. (3) Corporate capital expenditures have been allocated to the above segments based on each segment’s percentage of total capital expenditures.
Revenues and Operating Earnings Based on Originating Location	Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 Revenues: Domestic $ $ $ $ Foreign $ $ $ $ Operating (loss) earnings: Domestic $ $ $ $ Foreign $ $ $ $
Total Assets by Reportable Segment	January 31, 2016 January 31, 2015 Identifiable assets: Domestic $ $ Foreign $ $
Revenues by Geographic Area Based on Destination	Year Ended Month Ended January 31, 2016 December 31, 2014 December 31, 2013 January 31, 2015 % of % of % of % of Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues U.S. $ % $ % $ % $ % Europe % % % % Asia, Pacific Rim, Middle East and other % % % % $ % $ % $ % $ %

Fair Value Information (Tables)

Fair Value Information (Tables)	12 Months Ended
	Jan. 31, 2016
Fair Value Information
Summary of Impairments of Goodwill and Long-lived Assets	Year Ended January 31, 2016 Impairment Fair Value Property and equipment, net $ $ Goodwill — Intangible assets — $ $

Selected Quarterly Data (Unau34

Selected Quarterly Data (Unaudited) (Tables)	12 Months Ended
	Jan. 31, 2016
Selected Quarterly Data (Unaudited)
Summary of Quarterly Financial Data	Year Ended January 31, 2016 First Second Third Fourth Quarter Quarter Quarter (3) Quarter (4) Revenues $ $ $ $ Cost of sales Net earnings (loss) Basic net earnings (loss) per s hare (1) Diluted net earnings (loss) per share (1)(2) (1) Net earnings per share are computed individually for each quarter presented. Therefore, the sum of the quarterly net earnings per share may not necessarily equal the total for the year. (2) The Company has potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan. These potential common stock equivalents were not included in diluted loss per share for the three months ended January 31, 2016 because the effect would have been anti ‑dilutive. Accordingly, basic and diluted loss per common share and the weighted average number of shares used in the computation are the same for the three months ended January 31, 2016. For each of the other periods presented, the Company had potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan as of January 31, 2016 that were considered in the Company’s diluted earnings per share calculation. (3) Net loss in the third quarter includes an impairment charge of $640.2 including a goodwill impairment of $310.4 , $177.8 related to identifiable intangibles and $152.0 related to PP&E. (4) Net loss in the fourth quarter includes $32.4 of non ‑recurring costs, including acquisition and integration costs, severance and other Spin ‑off related costs. Year Ended December 31, 2014 First Second Third Fourth Quarter Quarter Quarter Quarter (3) Revenues $ $ $ $ Cost of sales Net earnings Basic net earnings (loss) per share (1) Diluted net earnings (loss) per share (1)(2) (1) Net earnings per share are computed individually for each quarter presented. Therefore, the sum of the quarterly net earnings per share may not necessarily equal the total for the year. (2) The Company has potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan. These potential common stock equivalents were not included in diluted loss per share for the three months ended December 31, 2014 because the effect would have been anti-dilutive. Accordingly, basic and diluted loss per common share and the weighted average number of shares used in the computation are the same for the three months ended December 31, 2014. For each of the other periods presented, the Company had potential common stock equivalents related to its outstanding restricted stock awards, restricted stock units and employee stock purchase plan as of December 31, 2014 that were considered in the Company's diluted earnings per share calculation. (3) Net loss in the fourth quarter includes non-recurring costs, including acquisition and integration costs, severance, other Spin-off related costs and exit taxes related to a major international tax planning initiative aggregating approximately $98.0 ( $26.2 in the third quarter).

Description of Business and S35

Description of Business and Summary of Significant Accounting Policies (Details)	Dec. 16, 2014	Jan. 31, 2015USD ($)	Oct. 31, 2015USD ($)	Jan. 31, 2016USD ($)item$ / sharesshares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)shares	Dec. 31, 2014USD ($)	Jan. 07, 2016USD ($)	Dec. 17, 2014shares
Significant Accounting Policies [Line Items]
Ratio of shares of KLX received for shares of B/E Aerospace	0.5
Accounts receivable, Net
Accounts receivable - trade, allowance for doubtful accounts		$ 8,000,000		$ 11,300,000
Inventories
Inventory reserves		33,500,000		40,400,000
Provision for inventory with limited shelf life, maximum amount		500,000		$ 500,000			$ 500,000
Goodwill and Intangible Assets, Net
Number of reporting units | item				2
Goodwill impairment charge			$ 310,400,000	$ 310,400,000
Intangible assets impairment			177,800,000	$ 177,800,000
Property and equipment impairment			$ 152,000,000
Accounting for Stock Based Compensation
Unvested shares, distribution date conversion ratio	1.8139			1.8139
Qualified employees purchase of stock at a price equal to percentage of closing price				85.00%
Employee Stock Purchase Plan, rights granted				$ 300,000	$ 200,000	$ 200,000
Treasury Stock
Purchase of treasury stock				12,500,000
Recent Accounting Pronouncements
Current assets		2,124,800,000		$ 2,022,800,000
Senior Unsecured Notes 5.875 Percent Due 2022
Recent Accounting Pronouncements
Debt, interest rate				5.875%
Unamortized discount		22,800,000		$ 20,500,000
Accounting Standards Update 2015-17 | Adjustments for New Accounting Principle, Early Adoption
Recent Accounting Pronouncements
Current assets		(37,100,000)
Non current liability		(37,100,000)
KLX Inc Long Term Incentive Plan
Treasury Stock
Purchase of treasury stock (shares) | shares				32,122
Purchase of treasury stock				$ 1,000,000
Existing $250.0 Share Repurchase Program
Treasury Stock
Purchase of treasury stock (shares) | shares				416,200
Share repurchase program, authorized amount				$ 250,000,000				$ 100,000,000
Purchase of treasury stock				$ 11,400,000
Repurchased shares, average price per share | $ / shares				$ 27.48
Sales Revenues | Customer Concentration | Major Customer 1
Concentration of Risk
Concentration risk percentage						10.00%
Sales Revenues | Customer Concentration | Major Customer 2
Concentration of Risk
Concentration risk percentage						10.00%
Energy Services Group
Goodwill and Intangible Assets, Net
Goodwill impairment charge		0		$ 310,400,000	0	$ 0
Intangible assets impairment				177,800,000
Property and equipment impairment				152,000,000
Long-lived assets impairment		$ 0		$ 329,800,000	0	0
Minimum
Property and Equipment, Net
Property and equipment, useful lives (years)				1 year
Goodwill and Intangible Assets, Net
Intangible assets, useful lives				4 years
Maximum
Property and Equipment, Net
Property and equipment, useful lives (years)				50 years
Goodwill and Intangible Assets, Net
Intangible assets, useful lives				30 years
Options
Accounting for Stock Based Compensation
Compensation cost					$ 0	$ 0
Stock options granted | shares					0	0
BE Aerospace, former parent of the Company | Distribution of Stock of Subsidiary to Stockholders to Effect Spin-Off
Significant Accounting Policies [Line Items]
Shares Issued | shares									52,500,000
Ratio of shares of KLX received for shares of B/E Aerospace	0.5

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Millions	1 Months Ended				3 Months Ended	12 Months Ended
	Jun. 30, 2014	Apr. 30, 2014	Feb. 28, 2014	Jan. 31, 2014	Apr. 30, 2014	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013	Jan. 31, 2015
Business Combinations
Purchase price, net of cash acquired						$ 4.3	$ 513.8	$ 117.5
Goodwill						$ 954.9	1,328.7	1,069.8	$ 1,286.5
Minimum
Business Combinations
Useful life (years)						4 years
Maximum
Business Combinations
Useful life (years)						30 years
Blue Dot
Business Combinations
Purchase price, net of cash acquired								114
Identified intangible assets including goodwill								70.6
Identified intangibles								33.2
Goodwill								37.4
Vision Oil Tools, LLC
Business Combinations
Purchase price, net of cash acquired		$ 175.7
Additional cash payment to be made on acquisition					$ 35
Identified intangibles						$ 50.1
Goodwill						69.8
Cornell
Business Combinations
Purchase price, net of cash acquired	$ 128.2
Additional cash payment to be made on acquisition					$ 56
Identified intangibles						33.6
Goodwill						57.5
Marcellus/Utica basin
Business Combinations
Purchase price, net of cash acquired		$ 44
LT Energy Services
Business Combinations
Purchase price, net of cash acquired				$ 102.5
Wildcat Wireline LLC
Business Combinations
Purchase price, net of cash acquired			$ 153.4
Identified intangibles						37.7
Goodwill						83.7
2013 and 2014 Acquisitions
Business Combinations
Acquisitions revenues							385.5	23.5
Acquisition net earnings							34.9	$ (1.1)
2014 Acquisitions
Business Combinations
Identifiable assets							431.3
Identified intangibles						162	162
Goodwill						269.3	$ 269.3
2013 Acquisitions
Business Combinations
Identified intangibles						33.2
Goodwill						$ 37.4
Customer contracts and relationships
Business Combinations
Useful life (years)								20 years
Customer contracts and relationships | Minimum
Business Combinations
Useful life (years)						8 years
Customer contracts and relationships | Maximum
Business Combinations
Useful life (years)						30 years
Customer contracts and relationships | 2014 Acquisitions
Business Combinations
Useful life (years)							20 years
Covenants not to compete
Business Combinations
Useful life (years)								5 years
Covenants not to compete | Minimum
Business Combinations
Useful life (years)						4 years
Covenants not to compete | Maximum
Business Combinations
Useful life (years)						5 years
Covenants not to compete | 2014 Acquisitions
Business Combinations
Useful life (years)							5 years

Business Combinations (Assets A

Business Combinations (Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jan. 31, 2016	Jan. 31, 2015
Business Combination, Separately Recognized Transactions [Line Items]
Goodwill	$ 1,328.7	$ 1,069.8	$ 954.9	$ 1,286.5
Unaudited pro forma revenues had business acquisitions occurred at the beginning of the period	1,763.2	1,587.3
Unaudited pro forma net earnings had business acquisitions occurred at the beginning of the period	$ 100.5	$ 178.8
Unaudited pro forma diluted net earnings per share had business acquisitions occurred at the beginning of the period	$ 1.92	$ 3.42
Non-recurring costs	$ 56.9	$ 24.2
Other non-recurring costs	67.3
Wildcat Wireline LLC
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade			0.4
Inventories			1.3
Property and equipment			30.3
Goodwill			83.7
Identified intangibles			37.7
Total consideration paid			153.4
Vision Oil Tools, LLC
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade			10.8
Other current and non-current assets			2.4
Property and equipment			44.1
Goodwill			69.8
Identified intangibles			50.1
Accounts payable			(1.5)
Other current and non-current liabilities			(35)
Total consideration paid			140.7
Cornell
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade			10.5
Property and equipment			28.5
Goodwill			57.5
Identified intangibles			33.6
Accounts payable			(0.7)
Other current and non-current liabilities			(57.2)
Total consideration paid			72.2
Other 2014 Acquisitions
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade			15.1
Inventories			0.4
Other current and non-current assets			0.1
Property and equipment			40.5
Goodwill			58.3
Identified intangibles			40.6
Accounts payable			(4.3)
Other current and non-current liabilities			(4.2)
Total consideration paid			146.5
2014 Acquisitions
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade			36.8
Inventories			1.7
Other current and non-current assets			2.5
Property and equipment			143.4
Goodwill	269.3		269.3
Identified intangibles	$ 162		162
Accounts payable			(6.5)
Other current and non-current liabilities			(96.4)
Total consideration paid			512.8
2013 Acquisitions
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade			14.8
Inventories			3.9
Other current and non-current assets			0.2
Property and equipment			35.5
Goodwill			37.4
Identified intangibles			33.2
Accounts payable			(10)
Other current and non-current liabilities			(1)
Total consideration paid			$ 114

Property and Equipment, Net (Pr

Property and Equipment, Net (Property and Equipment) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 369.8	$ 400.4
Less accumulated depreciation	109.3	67.1
Property, Plant and Equipment, Net, Total	$ 260.5	333.3
Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	1 year
Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	50 years
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 35.5	30.2
Land, buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	3 years
Land, buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	50 years
Machinery
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 89.5	192.4
Machinery | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	2 years
Machinery | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	20 years
Computer Equipment and Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 96.1	68.2
Computer Equipment and Software | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	1 year
Computer Equipment and Software | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	15 years
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 148.7	$ 109.6
Furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	1 year
Furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (years)	14 years

Property and Equipment, Net (De

Property and Equipment, Net (Depreciation Expense) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Property and Equipment, Net
Depreciation expense	$ 4.5	$ 51.3	$ 37.4	$ 7.9

Goodwill and Long-lived Asset40

Goodwill and Long-lived Assets, Net (Major Asset Classes) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Oct. 31, 2015	Jan. 31, 2016	Dec. 31, 2013	Jan. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill impairment charge	$ 310.4	$ 310.4
Impairment charge	$ 177.8	177.8
Finite lived intangible assets, accumulated amortization		131.6			$ 108.6
Intangible assets, original cost		572.1			565.9
Intangible assets, net book value		$ 262.7		$ 457.3	457.3
Minimum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)		4 years
Maximum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)		30 years
Customer contracts and relationships
Goodwill and Intangible Assets Disclosure [Line Items]
Impairment charge		$ 167.1
Useful life (years)			20 years
Finite lived intangible assets, original cost		536.9			531
Finite lived intangible assets, accumulated amortization		124.2			102.1
Finite lived intangible assets, net book value		$ 245.6			428.9
Customer contracts and relationships | Minimum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)		8 years
Customer contracts and relationships | Maximum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)		30 years
Covenants not to compete
Goodwill and Intangible Assets Disclosure [Line Items]
Impairment charge		$ 10.7
Useful life (years)			5 years
Finite lived intangible assets, original cost		18.2			17.2
Finite lived intangible assets, accumulated amortization		7.4			6.5
Finite lived intangible assets, net book value		$ 0.1			10.7
Covenants not to compete | Minimum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)		4 years
Covenants not to compete | Maximum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)		5 years
Trade names
Goodwill and Intangible Assets Disclosure [Line Items]
Indefinite lived intangible assets		$ 17			$ 17.7

Goodwill and Long-lived Asset41

Goodwill and Long-lived Assets, Net (Goodwill and Amortization Expenses) (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2015	Oct. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Amortization expense of intangible assets	$ 2,800,000		$ 23,700,000	$ 30,500,000	$ 19,900,000
Expected amortization expenses in year one			15,000,000
Goodwill impairment charge		$ 310,400,000	310,400,000
Intangible assets impairment		177,800,000	177,800,000
Property and equipment impairment		$ 152,000,000
Accumulated goodwill impairment loss			601,100,000
Goodwill	1,286,500,000		954,900,000	1,328,700,000	1,069,800,000
Energy Services Group
Goodwill impairment charge	0		310,400,000	0	0
Long-lived assets impairment	0		329,800,000	0	0
Intangible assets impairment			177,800,000
Property and equipment impairment			152,000,000
Goodwill	$ 320,700,000		$ 2,500,000	$ 342,400,000	$ 42,100,000

Goodwill and Long-lived Asset42

Goodwill and Long-lived Assets, Net (Changes in Carrying Amount of Goodwill) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2015	Oct. 31, 2015	Jan. 31, 2016	Dec. 31, 2014
Goodwill and Long-lived Assets, Net
Goodwill, Balance	$ 1,328.7		$ 1,286.5	$ 1,069.8
Acquisitions			2.5	296.6
Purchase Price Adjustments	(21.7)		(10.3)
Effect of foreign currency translation	(20.5)		(13.4)	(37.7)
Impairment		$ (310.4)	(310.4)
Goodwill, Balance	$ 1,286.5		$ 954.9	$ 1,328.7

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Allocations for general corporate expenses, including management costs and corporate support services			$ 31.7	$ 33.6
Transitional period		24 months
Sales			16.2
Former parent [Member]
Cost incurred pursuant to arrangements		$ 9.6
Sales	$ 1.5	$ 19	$ 16.2	$ 13.6

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Jan. 31, 2016	Jan. 31, 2015
Accrued Liabilities
Accrued salaries, vacation and related benefits	$ 28,700,000	$ 14,900,000
Accrued commissions	6,200,000	5,300,000
Income taxes payable	11,400,000	23,300,000
Accrued interest	11,700,000	9,000,000
Other accrued taxes	2,800,000	6,900,000
Accrued legal fees	6,500,000
Other accrued liabilities	48,000,000	38,700,000
Total accrued liabilities	$ 115,300,000	$ 98,100,000

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Jan. 31, 2016	May. 19, 2015	Jan. 31, 2015
Debt Instrument [Line Items]
Long term debt outstanding		$ 1,200
Revolving Credit Facility
Debt Instrument [Line Items]
Amount outstanding		0		$ 0
Revolving credit facility			$ 750
Amounts outstanding under the Revolving Credit Facility		0		0
Long term debt outstanding		1,200
Outstanding letter of credit amount		3.3
Senior Unsecured Notes 5.875 Percent Due 2022
Debt Instrument [Line Items]
Senior unsecured notes	$ 1,200	1,200		1,200
Less unamortized original issue discount and debt issue costs		20.5		22.8
Senior unsecured notes net of unamortized original issue discount and debt issue costs		$ 1,179.5		$ 1,177.2
Debt, interest rate		5.875%
Proceeds from the issue of Notes	1,172.1
Amount distributed to former parent from the proceeds	750
Proceeds net of distribution to former parent	$ 422.1

Long-Term Debt (Maturities) (De

Long-Term Debt (Maturities) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Long-Term Debt
Thereafter		$ 1,200
Total		1,200
Interest expense	$ 6.3	$ 77.7	$ 3.3	$ 0

Commitments, Contingencies an47

Commitments, Contingencies and Off-Balance Sheet Arrangements (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Total	$ 87
Initial term of employment agreements	3 years
Number of additional years for which employment agreements may renew.	1 year
Rent expense	$ 37.7	$ 26.4	$ 20.6
2,017	19.6
2,018	16
2,019	12
2,020	9.9
2,021	10.8
Thereafter	18.7
Real Estate
Total	$ 83.1

Income Taxes (Components of Ear

Income Taxes (Components of Earnings Before Income Taxes) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Tax Indemnity Payable To Former Parent		$ 6,500,000
(Loss) earnings before income taxes
United States	$ 11,300,000	(624,400,000)	$ 210,900,000	$ 197,500,000
Foreign	100,000	10,300,000	32,900,000	42,000,000
(Loss) earnings before income taxes	$ 11,400,000	(614,100,000)	$ 243,800,000	$ 239,500,000
Other Current Liabilities [Member]
Tax Indemnity Payable To Former Parent		1,900,000
Other Long term Liabilities [Member]
Tax Indemnity Payable To Former Parent		$ 4,600,000

Income Taxes (Income Tax Expens

Income Taxes (Income Tax Expense) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal	$ 3,500,000	$ 700,000	$ 75,400,000	$ 41,100,000
State	400,000	(1,500,000)	8,500,000	5,800,000
Foreign	800,000	3,800,000	29,000,000	10,300,000
Total current income tax expense	4,700,000	3,000,000	112,900,000	57,200,000
Deferred:
Federal		(213,300,000)	42,800,000	28,900,000
State		(17,400,000)	3,500,000	2,400,000
Foreign	(400,000)	(600,000)	(3,500,000)	600,000
Total deferred income tax expense (benefit)	(400,000)	(231,300,000)	42,800,000	31,900,000
Total income tax (benefit) expense	$ 4,300,000	$ (228,300,000)	$ 155,700,000	$ 89,100,000

Income Taxes (Reconciliation) (

Income Taxes (Reconciliation) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Income Taxes
Statutory U.S. federal income tax rate		35.00%
Statutory federal income tax expense	$ 4,000,000	$ (214,900,000)	$ 85,300,000	$ 83,700,000
U.S. state income taxes	300,000	(17,800,000)	6,000,000	5,900,000
Foreign tax rate differential	800,000	2,800,000	(3,700,000)	(4,700,000)
Non-deductible charges/losses and other	(800,000)	1,600,000	800,000	4,200,000
Exit taxes			67,300,000
Total income tax (benefit) expense	4,300,000	(228,300,000)	155,700,000	89,100,000
Changes in valuation allowance	$ 0	$ 7,100,000	$ 12,000,000	$ 1,400,000

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Jan. 31, 2016	Jan. 31, 2015
Deferred tax assets:
Inventory reserves	$ 15.4	$ 12.8
Accrued liabilities	15.7	11.7
Intangible assets	84.2
Net operating loss carryforward	59.5	24.8
Inventory capitalization	10.7	10.5
Other	5.2	10.4
Gross deferred tax assets	190.7	70.2
Deferred tax liabilities:
Intangible assets	(16.1)	(72.9)
Depreciation	(5.5)	(57.2)
Deferred tax liabilities	(21.6)	(130.1)
Net deferred tax asset (liability) before valuation allowance	169.1	(59.9)
Valuation allowance	(21.9)	(24.8)
Net deferred tax asset	$ 147.2
Net deferred tax liability		$ (84.7)

Income Taxes (Gross Uncertain T

Income Taxes (Gross Uncertain Tax Positions Reconciliation) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014
Unrecognized tax benefit at beginning of period	$ 10.1	$ 9.4	$ 1.7
Additions for current year tax positions			8.6
Currency fluctuations	(0.7)	(0.4)	(0.2)
Unrecognized tax benefit at end of period	9.4	9	$ 10.1
Valuation allowance	$ 24.8	21.9
Undistributed Earnings of Foreign Subsidiaries		45.9
Domestic
Operating loss carryforward		98.2
Foreign
Operating loss carryforward		82.7
Valuation allowance		81.3
State and Local Jurisdiction [Member]
Operating loss carryforward		$ 63.7

Employee Retirement Plans (Deta

Employee Retirement Plans (Details) - Savings and Investment Plan - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching percentage of employee contributions on first level of eligible compensation (as a percent)		100.00%
Percentage of eligible compensaton, first level, matched by employer (as a percent)		3.00%
Employer match of employee contributions on the second level of eligible compensation (as a percent)		$ 50
Percentage of eligible compensation, second level, partially matched by employer (as a percent)		2.00%
Total expense for plans established pursuant to Section 401(k)	$ 400,000	$ 3,600,000	$ 2,800,000	$ 1,600,000
Compensation expense		$ 2,400,000	$ 100,000	$ 200,000
Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution savings and investment plan, employees contribution rate			100.00%	100.00%

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ in Millions	Dec. 16, 2014	Jan. 31, 2015USD ($)shares	Jan. 31, 2016USD ($)shares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)shares
Stockholders Equity Note [Line Items]
Anti-dilutive securities excluded from determination of diluted earnings per common share		100,000	0	100,000	100,000
Unvested shares, distribution date conversion ratio	1.8139		1.8139
Restricted Stock
Stockholders Equity Note [Line Items]
Restricted stock and restricted stock unit grants, vesting period			4 years
Share based compensation | $		$ 0.5	$ 11.4	$ 3.5	$ 3.5
Unrecognized compensation cost | $			$ 36.6
Restricted stock units granted		288,600	497,800
Restricted stock units forfeited		4,900	58,400
Outstanding restricted stock units		559,200	827,200	275,500

Stockholders' Equity (Computati

Stockholders' Equity (Computation of Basic and Diluted Net Earnings per Share) (Details) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended								12 Months Ended
	Jan. 31, 2015USD ($)$ / sharesshares	Jan. 31, 2016USD ($)$ / shares	Oct. 31, 2015USD ($)$ / shares	Jul. 31, 2015USD ($)$ / shares	Apr. 30, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)$ / shares	Sep. 30, 2014USD ($)$ / shares	Jun. 30, 2014USD ($)$ / shares	Mar. 31, 2014USD ($)$ / shares	Jan. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares	Dec. 16, 2014
Stockholders' Equity
Numerator: net (loss) earnings | $	$ 7.1	$ (10.3)	$ (400.8)	$ 7.4	$ 17.9	$ (32.6)	$ 31.3	$ 45.4	$ 44	$ (385.8)	$ 88.1	$ 150.4
Weighted average common shares:
Denominator for basic earnings per share - Weighted average shares (in millions)	52.2									52.2	52.2	52.2
Effect of dilutive securities - Dilutive securities (in millions)	0.1										0.1	0.1
Denominator for diluted earnings per share - Adjusted weighted average shares (in millions)	52.3									52.2	52.3	52.3
Basic net (loss) earnings per share:
Basic net (loss) earnings per share | $ / shares	$ 0.14	$ (0.20)	$ (7.68)	$ 0.14	$ 0.34	$ (0.62)	$ 0.60	$ 0.87	$ 0.84	$ (7.39)	$ 1.69	$ 2.88
Diluted net (loss) earnings per share:
Diluted net (loss) earnings per share | $ / shares	$ 0.14	$ (0.20)	$ (7.68)	$ 0.14	$ 0.34	$ (0.62)	$ 0.60	$ 0.87	$ 0.84	$ (7.39)	$ 1.68	$ 2.88
Ratio of shares of KLX received for shares of B/E Aerospace													0.5

Stockholders' Equity (Restricte

Stockholders' Equity (Restricted Stock Activity) (Details) - Restricted Stock - $ / shares	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014
Shares
Outstanding, beginning of period	275,500	559,200
Shares granted	288,600	497,800
Shares vested		(171,400)
Shares forfeited	(4,900)	(58,400)
Outstanding, end of period	559,200	827,200	275,500
Weighted Average Grant Date Fair Value
Outstanding, beginning of period	$ 37.21	$ 38.09
Shares granted	39.08	33.42
Shares vested		34.65
Shares forfeited	47.16	38.56
Outstanding, end of period	$ 38.09	$ 35.96	$ 37.21
Weighted Average Remaining Vesting Period
Weighted Average Remaining Vesting Period	2 years 11 months 19 days	3 years 1 month 13 days	2 years 5 months 27 days

Stockholders' Equity (Stock Opt

Stockholders' Equity (Stock Option Activity) (Details) - Options	1 Months Ended	12 Months Ended
	Jan. 31, 2015USD ($)$ / sharesshares	Jan. 31, 2016USD ($)$ / sharesitemshares
Number of Shares
Unvested time-based stock options outstanding	894,899	596,598
Outstanding, beginning of period		894,899
Granted	894,899
Exercised
Canceled
Outstanding, end of period	894,899	894,899
Exercisable, end of period		298,301
Weighted Average Exercise Price
Outstanding, beginning of period | $ / shares		$ 39.08
Granted | $ / shares	$ 39.08
Exercised | $ / shares
Canceled | $ / shares
Outstanding, end of period | $ / shares	$ 39.08	$ 39.08
Exercisable, end of period | $ / shares		$ 39.08
Weighted Average Remaining Contractual Life (in years)
Outstanding	9 years 11 months 16 days	8 years 11 months 16 days
Exercisable, end of period		8 years 11 months 16 days
Aggregate Intrinsic Value
Outstanding | $	$ 205,800
Vesting period		3 years
Vesting installments | item		3
Expiration period		10 years
Share based compensation | $	200,000	$ 3,900,000
Unrecognized stock-based compensation related to options | $	$ 11,300,000	$ 7,500,000
Compensation costs not yet recognized, weighted-average period of recognition	2 years 10 months 13 days	1 year 10 months 13 days

Stockholders' Equity (Weighted

Stockholders' Equity (Weighted Average Assumptions) (Details) - Options	1 Months Ended
	Jan. 31, 2015$ / shares
Weighted Average Assumptions
Expected life (in years)	6 years 6 months
Volatility	30.00%
Risk free interest rate	1.50%
Weighted average fair value per option at date of grant	$ 12.99

Employee Stock Purchase Plan (D

Employee Stock Purchase Plan (Details) - Employee Stock Purchase Plan - $ / shares	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock price (as percentage)		85.00%
Common stock issued to employees of the company	0	50,000	19,000	16,000
Weighted average price per share (in dollars per share)		$ 30.62	$ 71.40	$ 61.60

Segment Reporting (Revenues and

Segment Reporting (Revenues and Other Financial Information by Business Segment) (Details) - USD ($)	1 Months Ended	3 Months Ended								12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 133,000,000	$ 358.20	$ 365	$ 412.70	$ 431.50	$ 440,700,000	$ 453,200,000	$ 430,900,000	$ 370,900,000	$ 1,567,400,000	$ 1,695,700,000	$ 1,291,600,000
Operating earnings	17,700,000									(536,800,000)	246,800,000	238,500,000
Total assets	4,224,600,000	3,691,000,000				4,280,600,000				3,691,000,000	4,280,600,000	3,064,000,000
Goodwill	1,286,500,000	954,900,000				1,328,700,000				954,900,000	1,328,700,000	1,069,800,000
Capital expenditures	6,200,000									130,500,000	136,800,000	29,400,000
Depreciation and amortization	7,300,000									75,000,000	68,000,000	27,800,000
Aerospace Solutions Group
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	93,100,000									1,312,500,000	1,310,200,000	1,268,100,000
Operating earnings	12,900,000									211,600,000	192,000,000	240,200,000
Total assets	3,252,200,000	3,422,800,000				3,298,400,000				3,422,800,000	3,298,400,000	2,937,300,000
Goodwill	965,800,000	952,400,000				986,300,000				952,400,000	986,300,000	1,027,700,000
Capital expenditures	1,700,000									30,400,000	17,700,000	25,300,000
Depreciation and amortization	2,400,000									28,100,000	28,000,000	25,800,000
Energy Services Group
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	39,900,000									254,900,000	385,500,000	23,500,000
Operating earnings	4,800,000									(748,400,000)	54,800,000	(1,700,000)
Total assets	972,400,000	268,200,000				982,200,000				268,200,000	982,200,000	126,700,000
Goodwill	320,700,000	2,500,000				342,400,000				2,500,000	342,400,000	42,100,000
Capital expenditures	4,500,000									100,100,000	119,100,000	4,100,000
Depreciation and amortization	4,900,000									46,900,000	40,000,000	2,000,000
Corporate, Non-Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	$ 451,600,000	$ 559,500,000				$ 508,400,000				$ 559,500,000	$ 508,400,000	$ 0

Segment Reporting (Revenues a61

Segment Reporting (Revenues and Operating Earnings Based on Originating Location) (Details) - USD ($)	1 Months Ended	3 Months Ended								12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Revenues	$ 133,000,000	$ 358.20	$ 365	$ 412.70	$ 431.50	$ 440,700,000	$ 453,200,000	$ 430,900,000	$ 370,900,000	$ 1,567,400,000	$ 1,695,700,000	$ 1,291,600,000
Operating earnings	17,700,000									(536,800,000)	246,800,000	238,500,000
Identifiable assets	4,224,600,000	3,691,000,000				$ 4,280,600,000				3,691,000,000	4,280,600,000	3,064,000,000
Domestic
Segment Reporting Information [Line Items]
Revenues	124,100,000									1,453,400,000	1,505,300,000	1,116,600,000
Operating earnings	15,000,000									(561,000,000)	195,500,000	170,900,000
Identifiable assets	3,710,300,000	3,182,200,000								3,182,200,000
Foreign
Segment Reporting Information [Line Items]
Revenues	8,900,000									114,000,000	190,400,000	175,000,000
Operating earnings	2,700,000									24,200,000	51,300,000	67,600,000
Identifiable assets	514,300,000	$ 508,800,000								508,800,000
Export revenues from United States to customers in foreign countries	$ 29,600,000									$ 457,900,000	$ 414,300,000	$ 361,400,000

Segment Reporting (Revenues by

Segment Reporting (Revenues by Geographic Area Based on Destination) (Details) - USD ($)	1 Months Ended	3 Months Ended								12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Asset Reconciling Item [Line Items]
Revenues	$ 133,000,000	$ 358.20	$ 365	$ 412.70	$ 431.50	$ 440,700,000	$ 453,200,000	$ 430,900,000	$ 370,900,000	$ 1,567,400,000	$ 1,695,700,000	$ 1,291,600,000
% of Revenues	100.00%									100.00%	100.00%	100.00%
U.S.
Segment Reporting, Asset Reconciling Item [Line Items]
Revenues	$ 90,100,000									$ 955,300,000	$ 1,111,500,000	$ 749,100,000
% of Revenues	67.70%									61.00%	65.50%	58.00%
Europe
Segment Reporting, Asset Reconciling Item [Line Items]
Revenues	$ 28,300,000									$ 376,300,000	$ 374,200,000	$ 350,600,000
% of Revenues	21.30%									24.00%	22.10%	27.10%
Asia, Pacific Rim, Middle East and other
Segment Reporting, Asset Reconciling Item [Line Items]
Revenues	$ 14,600,000									$ 235,800,000	$ 210,000,000	$ 191,900,000
% of Revenues	11.00%									15.00%	12.40%	14.90%

Fair Value Information (Details

Fair Value Information (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2015	Oct. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Asset Impairment Charges [Abstract]
Property and equipment impairment, net		$ 152
Goodwill impairment charge		310.4	$ 310.4
Intangible assets impairment		177.8	177.8
Total asset impairment charges		$ 640.2	640.2
Energy Services Group
Asset Impairment Charges [Abstract]
Property and equipment impairment, net			152
Goodwill impairment charge	$ 0		310.4	$ 0	$ 0
Intangible assets impairment			177.8
Total asset impairment charges			640.2
Assets, Fair Value Disclosure [Abstract]
Property and equipment fair value, net			174.3
Total fair value			174.3
Senior Unsecured Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes, fair value	1,182		$ 1,136.4
Senior Unsecured Notes 5.875 Percent Due 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, interest rate			5.875%
Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Amount outstanding	$ 0		$ 0

Selected Quarterly Data (Unau64

Selected Quarterly Data (Unaudited) (Details) - USD ($)	1 Months Ended	3 Months Ended								12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Selected Quarterly Data (Unaudited)
Revenues	$ 133,000,000	$ 358.20	$ 365	$ 412.70	$ 431.50	$ 440,700,000	$ 453,200,000	$ 430,900,000	$ 370,900,000	$ 1,567,400,000	$ 1,695,700,000	$ 1,291,600,000
Cost of sales	95,600,000	284.10	279.10	315.30	323.90	322,300,000	316,900,000	299,900,000	255,800,000	1,202,400,000	1,194,900,000	872,800,000
Net earnings (loss)	$ 7,100,000	$ (10,300,000)	$ (400,800,000)	$ 7,400,000	$ 17,900,000	$ (32,600,000)	$ 31,300,000	$ 45,400,000	$ 44,000,000	$ (385,800,000)	$ 88,100,000	$ 150,400,000
Basic net earnings per share	$ 0.14	$ (0.20)	$ (7.68)	$ 0.14	$ 0.34	$ (0.62)	$ 0.60	$ 0.87	$ 0.84	$ (7.39)	$ 1.69	$ 2.88
Diluted net earnings per share	$ 0.14	$ (0.20)	$ (7.68)	$ 0.14	$ 0.34	$ (0.62)	$ 0.60	$ 0.87	$ 0.84	$ (7.39)	$ 1.68	$ 2.88
Impairment charge			$ 640,200,000							$ 640,200,000
Goodwill impairment charge			310,400,000							310,400,000
Intangible assets impairment			177,800,000							$ 177,800,000
Property and equipment impairment			$ 152,000,000
Non-recurring costs		$ 32,400,000				$ 98,000,000	$ 26,200,000

Valuation and Qualifying Acco65

Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance At Beginning Of Period	$ 8.1	$ 8
Expenses	0.1
Write- Offs/ Disposals	0.2
Balance At End Of Period	8		$ 8.1
Allowance for doubtful accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance At Beginning Of Period	8.1	8	6	$ 7.5
Expenses		4.1	12.4	1.4
Other			0.2	0.3
Write- Offs/ Disposals		0.8	10.5	3.2
Balance At End Of Period	8	11.3	8.1	6
Reserve for obsolete inventories
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance At Beginning Of Period	33	33.5	30.3	30.6
Expenses	0.7	7.7	4.6	2.9
Write- Offs/ Disposals	0.2	0.8	1.9	3.2
Balance At End Of Period	33.5	40.4	33	30.3
Deferred tax asset valuation allowance
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance At Beginning Of Period	24.8	24.8	12.8	11.4
Other		7.1	12	1.4
Write- Offs/ Disposals		(10)
Balance At End Of Period	$ 24.8	$ 21.9	$ 24.8	$ 12.8