Tech Data (TECD) 10-Q 2 Sep 15 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jul. 31, 2015	Aug. 20, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	tecd
Entity Registrant Name	TECH DATA CORP
Entity Central Index Key	790,703
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		35,322,618

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 709,269	$ 542,995
Accounts receivable, less allowances of $46,982 and $50,143	2,694,650	2,811,963
Inventories	1,975,741	1,959,627
Prepaid expenses and other assets	194,549	161,832
Assets held for sale	0	101,706
Total current assets	5,574,209	5,578,123
Property and equipment, net	63,070	63,104
Other assets, net	508,290	495,498
Total assets	6,145,569	6,136,725
Current liabilities:
Accounts payable	3,228,445	3,119,618
Accrued expenses and other liabilities	501,181	538,758
Revolving credit loans and current maturities of long-term debt, net	18,293	13,303
Liabilities held for sale	0	71,447
Total current liabilities	3,747,919	3,743,126
Long-term debt, less current maturities	351,730	351,576
Other long-term liabilities	82,029	81,880
Total liabilities	$ 4,181,678	$ 4,176,582
Commitments and contingencies (Note 9)
Shareholders’ equity:
Common stock, par value $.0015; 200,000,000 shares authorized; 59,245,585 shares issued at July 31, 2015 and January 31, 2015	$ 89	$ 89
Additional paid-in capital	675,691	679,973
Treasury stock, at cost (23,579,636 and 21,866,069 shares at July 31, 2015 and January 31, 2015)	(1,041,389)	(939,143)
Retained earnings	2,296,151	2,168,462
Accumulated other comprehensive income	33,349	50,762
Total shareholders' equity	1,963,891	1,960,143
Total liabilities and shareholders' equity	$ 6,145,569	$ 6,136,725

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 46,982	$ 50,143
Common stock, par value	$ 0.0015	$ 0.0015
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	59,245,585	59,245,585
Treasury stock, shares	23,579,636	21,866,069

Consolidated Statement Of Incom

Consolidated Statement Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Income Statement [Abstract]
Net sales	$ 6,580,393	$ 6,841,809	$ 12,467,622	$ 13,569,960
Cost of products sold	6,255,114	6,490,437	11,850,454	12,883,260
Gross profit	325,279	351,372	617,168	686,700
Selling, general and administrative expenses	249,816	284,513	497,297	576,109
Restatement and remediation related expenses (Note 1)	164	5,378	782	17,614
Value added tax assessments (Note 9)	(9,563)	(6,229)	(9,563)	(6,229)
LCD settlements, net (Note 1)	(21,527)	0	(60,038)	0
Loss on disposal of subsidiaries (Note 6)	154	0	517	0
Operating expenses:	219,044	283,662	428,995	587,494
Operating income	106,235	67,710	188,173	99,206
Interest expense	(3,320)	7,388	2,402	14,148
Other expense, net	51	616	212	1,067
Income before income taxes	109,504	59,706	185,559	83,991
Provision for income taxes	33,092	20,378	57,870	31,196
Net income	$ 76,412	$ 39,328	$ 127,689	$ 52,795
Net income per share:
Basic	$ 2.09	$ 1.03	$ 3.48	$ 1.38
Diluted	$ 2.09	$ 1.03	$ 3.47	$ 1.38
Weighted average common shares outstanding:
Basic	36,506	38,244	36,661	38,191
Diluted	36,615	38,368	36,829	38,342

Consolidated Statement Of Compr

Consolidated Statement Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 76,412	$ 39,328	$ 127,689	$ 52,795
Other comprehensive loss:
Foreign currency translation adjustment	(25,893)	(47,796)	(17,413)	(935)
Total comprehensive income (loss)	$ 50,519	$ (8,468)	$ 110,276	$ 51,860

Consolidated Statement Of Cash

Consolidated Statement Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Cash flows from operating activities:
Cash received from customers	$ 13,354,829	$ 14,595,183
Cash paid to vendors and employees	(13,012,442)	(14,498,501)
Interest paid, net	(9,736)	(12,644)
Income taxes paid	(29,473)	(34,344)
Net cash provided by operating activities	303,178	49,694
Cash flows from investing activities:
Acquisition of business (Note 5)	(27,848)	0
Expenditures for property and equipment	(8,816)	(7,337)
Proceeds from sale of property and equipment	0	7,121
Software and software development costs	(6,180)	(4,131)
Proceeds from sale of subsidiaries (Note 6)	18,747	0
Net cash used in investing activities	(24,097)	(4,347)
Cash flows from financing activities:
Proceeds from the reissuance of treasury stock	229	669
Acquisition earn-out payment	(2,736)	(5,060)
Cash paid for purchase of treasury stock	(110,092)	0
Net borrowings on revolving credit loans	5,857	4,704
Principal payments on long-term debt	(238)	(285)
Excess tax benefit from stock-based compensation	128	650
Net cash (used in) provided by financing activities	(106,852)	678
Effect of exchange rate changes on cash and cash equivalents	(5,955)	(4,598)
Net increase in cash and cash equivalents	166,274	41,427
Cash and cash equivalents at beginning of year	542,995	570,101
Cash and cash equivalents at end of period	709,269	611,528
Reconciliation of net income to net cash provided by operating activities:
Net income	127,689	52,795
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on disposal of subsidiaries	517	0
Depreciation and amortization	28,171	35,929
Gain on sale of building	0	(2,350)
Provision for losses on accounts receivable	2,050	5,558
Stock-based compensation expense	7,778	5,842
Accretion of debt discount and debt issuance costs on Senior Notes	418	418
Excess tax benefits from stock-based compensation	(128)	(650)
Changes in operating assets and liabilities:
Accounts receivable	85,962	219,877
Inventories	(38,238)	253,775
Prepaid expenses and other assets	(34,129)	42,445
Accounts payable	134,777	(501,794)
Accrued expenses and other liabilities	(11,689)	(62,151)
Total adjustments	175,489	(3,101)
Net cash provided by operating activities	$ 303,178	$ 49,694

Business And Summary Of Signifi

Business And Summary Of Significant Accounting Policies Business and Summary of Significant Accounting Policies	6 Months Ended
	Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure	NOTE 1 — BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Tech Data Corporation (“Tech Data” or the “Company”) is one of the world’s largest wholesale distributors of technology products. The Company serves as an indispensable link in the technology supply chain by bringing products from the world’s leading technology vendors to market, as well as providing customers with advanced logistics capabilities and value-added services. Tech Data’s customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. The Company is managed in two geographic segments: the Americas and Europe. Principles of Consolidation The consolidated financial statements include the accounts of Tech Data and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company operates on a fiscal year that ends on January 31. Basis of Presentation The consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”). These principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the consolidated financial position of the Company as of July 31, 2015 , its consolidated statements of income and comprehensive income for the three and six months ended July 31, 2015 and 2014 , and its consolidated cash flows for the six months ended July 31, 2015 and 2014 . Seasonality The Company’s quarterly operating results have fluctuated significantly in the past and will likely continue to do so in the future as a result of currency fluctuations and seasonal variations in the demand for the products and services offered. Narrow operating margins may magnify the impact of these factors on the Company's operating results. Recent historical seasonal variations have included an increase in European demand during the Company’s fiscal fourth quarter and decreased demand in other fiscal quarters. Given that the majority of the Company’s revenues are derived from Europe, the worldwide results closely follow the seasonality trends in Europe. The seasonal trend in Europe typically results in greater operating leverage, and therefore, lower selling, general and administrative expenses as a percentage of net sales in the region and on a consolidated basis during the second semester of the Company's fiscal year, particularly in the Company's fourth quarter. Additionally, the life cycles of major products, as well as the impact of future acquisitions and dispositions, may also materially impact the Company’s business, financial condition, or consolidated results of operations. Therefore, the results of operations for the three and six months ended July 31, 2015 and 2014 are not necessarily indicative of the results that can be expected for the entire fiscal year ended January 31, 2016 . Restatement and remediation related expenses Restatement and remediation related expenses primarily include legal, accounting and third party consulting fees associated with (i) the restatement of certain of the Company's consolidated financial statements and other financial information from fiscal 2009 to fiscal 2013, (ii) the Audit Committee investigation to review the Company's accounting practices, (iii) incremental external audit and supplemental procedures by the Company in connection with the preparation of its financial statements, and (iv) other incremental legal, accounting and consulting fees incurred as a result of the Company's restatement related investigation or in conjunction with the Company's remediation of material weaknesses and other control deficiencies identified during the restatement. The Company incurred restatement and remediation related expenses of approximately $0.2 million and $5.4 million , respectively, during the three months ended July 31, 2015 and 2014 and $0.8 million and $17.6 million , respectively, during the six months ended July 31, 2015 and 2014 , which are recorded in “restatement and remediation related expenses” in the Consolidated Statement of Income. LCD settlements, net The Company has been a claimant in proceedings seeking damages from certain manufacturers of LCD flat panel displays. During the three and six months ended July 31, 2015 , the Company reached settlement agreements with certain manufacturers in the amount of $21.5 million and $60.0 million , respectively, net of estimated attorney fees and expenses. Accounts Receivable Purchase Agreements The Company has uncommitted accounts receivable purchase agreements under which certain accounts receivable may be sold, without recourse, to third-party financial institutions. Under these programs, the Company may sell certain accounts receivable in exchange for cash less a discount, as defined in the agreements. Available capacity under these programs, which the Company uses as a source of working capital funding, is dependent on the level of accounts receivable eligible to be sold into these programs and the financial institutions' willingness to purchase such receivables. In addition, certain of these agreements also require that the Company continue to service, administer and collect the sold accounts receivable. At July 31, 2015 and January 31, 2015 , the Company had a total of $390.3 million and $310.9 million , respectively, of accounts receivable sold to and held by financial institutions under these agreements. During the three months ended July 31, 2015 and 2014 , discount fees recorded under these facilities were $1.0 million and $1.4 million , respectively, and during the six months ended July 31, 2015 and 2014 , discount fees recorded under these facilities were $1.9 million and $2.7 million , respectively. These discount fees are included as a component of "other expense, net" in the Consolidated Statement of Income. Recently Adopted Accounting Standards In April 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standard which requires debt issuance costs to be presented in the balance sheet as a deduction from the carrying value of the associated debt liability. The new guidance should be applied on a retrospective basis. The Company early adopted this standard in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company's consolidated financial position and had no impact on its consolidated income, comprehensive income or cash flows. Recently Issued Accounting Standards In April 2015, the FASB issued an accounting standard which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the license element should be accounted for consistent with the acquisition of other software licenses. If the cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The standard will be effective for the Company beginning with the quarter ending April 30, 2016. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial position and results of operations. In May 2014, the FASB issued an accounting standard which will supersede all existing revenue recognition guidance under current GAAP. The new standard requires the recognition of revenue to depict the transfer of promised goods or services to customers while exercising extensive judgment and use of estimates. The standard will be effective for the Company beginning with the quarter ending April 30, 2018. The Company would have the option to adopt one year earlier and the standard may be adopted with either a full retrospective or a modified retrospective approach. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial position and results of operations.

Earnings Per Share (Notes)

Earnings Per Share (Notes)	6 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 2 — EARNINGS PER SHARE ("EPS") The Company reports a dual presentation of basic and diluted EPS. Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the reported period. Diluted EPS reflects the potential dilution related to equity-based incentives (further discussed in Note 3 – Stock-Based Compensation ) using the treasury stock method. The composition of basic and diluted EPS is as follows: Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 (In thousands, except per share data) Net income $ 76,412 $ 39,328 $ 127,689 $ 52,795 Weighted average common shares - basic 36,506 38,244 36,661 38,191 Effect of dilutive securities: Equity based awards 109 124 168 151 Weighted average common shares - diluted 36,615 38,368 36,829 38,342 Net income per share: Basic $ 2.09 $ 1.03 $ 3.48 $ 1.38 Diluted $ 2.09 $ 1.03 $ 3.47 $ 1.38 For the three and six months ended July 31, 2015 and 2014 there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Stock-Based Compensation (Notes

Stock-Based Compensation (Notes)	6 Months Ended
	Jul. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 3 — STOCK-BASED COMPENSATION For the six months ended July 31, 2015 and 2014 , the Company recorded $7.8 million and $5.8 million , respectively, of stock-based compensation expense, which is included in “selling, general and administrative expenses” in the Consolidated Statement of Income. At July 31, 2015 , the Company had awards outstanding from two equity-based compensation plans, only one of which is currently active. The active plan was initially approved by the Company’s shareholders in June 2009 and includes 4.0 million shares available for grant of which approximately 2.4 million shares remain available for future grant at July 31, 2015 . Under the active plan, the Company is authorized to award officers, employees, and non-employee members of the Board of Directors restricted stock, options to purchase common stock, maximum value stock-settled stock appreciation rights, maximum value options, and performance awards that are dependent upon achievement of specified performance goals. Equity-based compensation awards have a maximum term of 10 years, unless a shorter period is specified by the Compensation Committee of the Board of Directors ("Compensation Committee") or is required under local law. Awards under the plans are priced as determined by the Compensation Committee, and under the terms of the Company’s active equity-based compensation plan, are required to be priced at, or above, the fair market value of the Company’s common stock on the date of grant. Awards generally vest between one and four years from the date of grant. A summary of the Company’s restricted stock activity for the six months ended July 31, 2015 is as follows: Shares Nonvested at January 31, 2015 547,689 Granted 251,420 Vested (251,904 ) Canceled (27,610 ) Nonvested at July 31, 2015 519,595 The Company’s policy is to utilize shares of its treasury stock, to the extent available, to satisfy its obligation to issue shares upon the exercise of awards.

Shareholders' Equity (Notes)

Shareholders' Equity (Notes)	6 Months Ended
	Jul. 31, 2015
Shareholders Equity [Abstract]
Shareholders' Equity and Share-based Payments	NOTE 4 — SHAREHOLDERS' EQUITY During the first semester of fiscal 2016, the Company completed the $100.0 million share repurchase program approved by the Board of Directors in December 2014. In June 2015, the Company's Board of Directors authorized an additional share repurchase program of up to $100.0 million of the Company's common stock. In conjunction with the Company’s share repurchase programs, 10b5-1 plans were executed that instruct the broker selected by the Company to repurchase shares on behalf of the Company. The amount of common stock repurchased in accordance with the 10b5-1 plans on any given trading day is determined by formulas in the plans, which are based on the market price of the Company’s common stock. Shares repurchased by the Company are held in treasury for general corporate purposes, including issuances under equity incentive and benefit plans. The reissuance of shares from treasury stock is based on the weighted average purchase price of the shares. The Company’s common share repurchase and issuance activity for the six months ended July 31, 2015 is summarized as follows: Shares Weighted- Treasury stock balance at January 31, 2015 21,866,069 $ 42.95 Shares of common stock repurchased under share repurchase programs 1,893,838 58.13 Shares of treasury stock reissued (180,271 ) Treasury stock balance at July 31, 2015 23,579,636 $ 44.16

Acquisitions (Notes)

Acquisitions (Notes)	6 Months Ended
	Jul. 31, 2015
Acquisitions [Abstract]
Business Combination Disclosure	NOTE 5 — ACQUISITIONS On June 1, 2015, the Company completed the acquisition of certain assets of Signature Technology Group, Inc. ("STG"), a leading provider of data center and professional services throughout North America, for a purchase price of approximately $27.8 million . The purchase price has been allocated to the estimated fair values of assets acquired and liabilities assumed, including tangible assets of approximately $0.3 million , identifiable intangible assets of approximately $14.5 million , goodwill of approximately $14.1 million and liabilities of approximately $1.1 million . Identifiable intangible assets are primarily related to customer relationships with an estimated useful life of ten years. Proforma information for the acquisition of STG has not been presented as the acquisition was not material to the Company’s consolidated financial position or results of operations.

Loss on Disposal of Subsidiarie

Loss on Disposal of Subsidiaries (Notes)	6 Months Ended
	Jul. 31, 2015
Loss on Disposal of Subsidiaries [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	NOTE 6 — LOSS ON DISPOSAL OF SUBSIDIARIES During the fourth quarter of fiscal 2015 , the Company committed to a plan to sell its business operations in Chile and Peru. The Company classified the assets and liabilities of these entities as held for sale at January 31, 2015 . The sale was completed during March 2015 at an amount approximating net book value. In March 2015, the Company also committed to a plan to exit its business operations in Uruguay. The Company incurred a loss of $0.2 million and $0.5 million for the three and six months ended July 31, 2015, respectively, for charges related to the plan to exit its business operations in Uruguay and costs related to the sale of its business operations in Chile and Peru. The operating results of these entities during the three and six months ended July 31, 2015 and 2014 were insignificant relative to the Company's consolidated financial results.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	6 Months Ended
	Jul. 31, 2015
Fair Value Measurements [Abstract]
Fair Value Disclosures	NOTE 7 — FAIR VALUE MEASUREMENTS The Company’s assets and liabilities carried or disclosed at fair value are classified in one of the following three categories: Level 1 – quoted market prices in active markets for identical assets and liabilities; Level 2 – inputs other than quoted market prices included in Level 1 above that are observable for the asset or liability, either directly or indirectly; and Level 3 – unobservable inputs for the asset or liability. The classification of an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following table summarizes the valuation of the Company's assets and liabilities that are measured at fair value on a recurring basis: July 31, 2015 January 31, 2015 Fair value measurement category Fair value measurement category Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (in thousands) Assets Foreign currency forward contracts $ 3,949 $ 9,903 Liabilities Foreign currency forward contracts $ 1,183 $ 5,411 Acquisition-related contingent consideration $ 0 $ 3,381 The Company's foreign currency forward contracts are measured on a recurring basis based on foreign currency spot rates and forward rates quoted by banks or foreign currency dealers (Level 2 criteria) and are marked-to-market each period with gains and losses on these contracts recorded in the Consolidated Statement of Income on a basis consistent with the classification of the change in the fair value of the underlying transactions giving rise to these foreign currency exchange gains and losses in the period in which their value changes, with the offsetting amount for unsettled positions being included in either "prepaid expenses and other assets" or "accrued expenses and other liabilities" in the Consolidated Balance Sheet. See further discussion below in Note 8 – Derivative Instruments . The acquisition-related contingent consideration represents the future earnout payments related to the Company's acquisitions. The Company estimates the fair value of this Level 3 contingent consideration liability at each reporting date using a discounted cash flow analysis, which requires the evaluation of significant unobservable inputs that include projected revenues, expenses and cash flows, and assumed discount rates. Approximately $3.3 million of the acquisition-related contingent consideration was paid during the first quarter of fiscal 2016. There are no remaining acquisition-related contingent consideration liabilities as of July 31, 2015 . The Company utilizes life insurance policies to fund the Company’s nonqualified deferred compensation plan. The life insurance asset recorded by the Company is the amount that would be realized upon the assumed surrender of the policy. This amount is based on the underlying fair value of the invested assets contained within the life insurance policies. The gains and losses are recorded in the Company’s Consolidated Statement of Income within "other expense, net." The related deferred compensation liability is also marked-to-market each period based upon the returns of the various investments selected by the plan participants and the gains and losses are recorded in the Company’s Consolidated Statement of Income within "selling, general and administrative expenses." The net realizable value of the Company's life insurance investments and related deferred compensation liability at July 31, 2015 is $35.0 million and $35.0 million , respectively. In September 2012, the Company issued $350 million aggregate principal amount of 3.75% Senior Notes in a public offering (the "Senior Notes") which are carried at cost, less unamortized debt discount and debt issuance costs. The estimated fair value of the Senior Notes was approximately $361.5 million at July 31, 2015 , based upon quoted market information (Level 1 criteria). The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximate fair value because of the short maturity of these items. The carrying amount of debt outstanding pursuant to revolving credit facilities and loans payable approximates fair value as the majority of these instruments have variable interest rates which approximate current market rates (Level 2 criteria). The carrying amounts of assets held for sale (Level 3) at January 31, 2015 were written-down to their fair value of $101.7 million based upon the expected business sales price (see Note 6 – Loss on Disposal of Subsidiaries ). The carrying value of liabilities held for sale approximated the fair value as of January 31, 2015 . There were no material non-recurring fair value remeasurements at July 31, 2015 .

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jul. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	NOTE 8 — DERIVATIVE INSTRUMENTS In the ordinary course of business, the Company is exposed to movements in foreign currency exchange rates. The Company’s foreign currency risk management objective is to protect earnings and cash flows from the impact of exchange rate changes primarily through the use of foreign currency forward contracts to hedge both intercompany and third party loans, accounts receivable and accounts payable. These derivatives are not designated as hedging instruments. The Company employs established policies and procedures to manage the exposure to fluctuations in the value of foreign currencies. It is the Company’s policy to utilize financial instruments to reduce risks where internal netting cannot be effectively employed. Additionally, the Company does not enter into derivative instruments for speculative or trading purposes. The Company’s foreign currency exposure relates primarily to international transactions in Europe, Canada and Latin America, where the currency collected from customers can be different from the currency used to purchase the product. The Company’s transactions in its foreign operations are denominated primarily in the following currencies: U.S. dollar, British pound, Canadian dollar, Czech koruna, Danish krone, euro, Hungarian forint, Mexican peso, Norwegian krone, Polish zloty, Romanian leu, Swedish krona and Swiss franc. The Company considers inventory as an economic hedge against foreign currency exposure in accounts payable in certain circumstances. This practice offsets such inventory against corresponding accounts payable denominated in currencies other than the functional currency of the subsidiary buying the inventory when determining the net exposure to be hedged using traditional forward contracts. Under this strategy, the Company would expect to increase or decrease selling prices for products purchased in foreign currencies based on fluctuations in foreign currency exchange rates affecting the underlying accounts payable. To the extent the Company incurs a foreign currency exchange loss (gain) on the underlying accounts payable denominated in the foreign currency, a corresponding increase (decrease) in gross profit would be expected as the related inventory is sold. This strategy can result in a certain degree of quarterly earnings volatility as the underlying accounts payable is remeasured using the foreign currency exchange rate prevailing at the end of each period, or settlement date if earlier, whereas the corresponding increase (decrease) in gross profit is not realized until the related inventory is sold. The Company classifies foreign currency exchange gains and losses on its derivative instruments used to manage its exposures to foreign currency denominated accounts receivable and accounts payable as a component of “cost of products sold” which is consistent with the classification of the change in fair value upon remeasurement of the underlying hedged accounts receivable or accounts payable. The Company classifies foreign currency exchange gains and losses on its derivative instruments used to manage its exposures to foreign currency denominated financing transactions as a component of “other expense, net” which is consistent with the classification of the change in fair value upon remeasurement of the underlying hedged loans. The total amount recognized in earnings on the Company's foreign currency forward contracts, which depending upon the nature of the underlying hedged asset or liability is included as a component of either “cost of products sold” or “other expense, net”, was a net foreign currency exchange gain of $5.9 million and $3.3 million , respectively, for the three months ended July 31, 2015 and 2014 and a net foreign currency exchange loss of $2.1 million and $5.5 million , respectively, for the six months ended July 31, 2015 and 2014 . The gains and losses on the Company’s foreign currency forward contracts are largely offset by the change in the fair value of the underlying hedged assets or liabilities. The notional amount of forward exchange contracts is the amount of foreign currency to be bought or sold at maturity. Notional amounts are indicative of the extent of the Company’s involvement in the various types and uses of derivative financial instruments and are not a measure of the Company’s exposure to credit or market risks through its use of derivatives. The estimated fair value of derivative financial instruments represents the amount required to enter into similar offsetting contracts with similar remaining maturities based on quoted market prices. The Company’s foreign currency forward contracts are also discussed in Note 7 – Fair Value Measurements . The Company's monthly average notional amounts of derivative financial instruments outstanding during both the three months ended July 31, 2015 and 2014 were $0.6 billion with average maturities of 33 days and 35 days, respectively. The Company's monthly average notional amounts of derivative financial instruments outstanding during the six months ended July 31, 2015 and 2014 were $0.5 billion and $0.7 billion , respectively, with average maturities of 35 and 35 days, respectively. As discussed above, under the Company's hedging policies, gains and losses on the derivative financial instruments are largely offset by the gains and losses on the underlying assets or liabilities being hedged.

Commitments and Contingencies (

Commitments and Contingencies (Notes)	6 Months Ended
	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9 — COMMITMENTS & CONTINGENCIES Synthetic Lease Facility The Company has a synthetic lease facility with a group of financial institutions (the “Synthetic Lease”) under which the Company leases certain logistics centers and office facilities from a third-party lessor. Properties leased under the Synthetic Lease are located in Clearwater and Miami, Florida; Fort Worth, Texas; Fontana, California; Suwanee, Georgia; Swedesboro, New Jersey; and South Bend, Indiana. The Synthetic Lease is accounted for as an operating lease and rental payments are calculated at the applicable LIBOR rate plus a margin based on the Company's credit ratings. Upon not less than 30 days notice, the Company, at its option, may purchase one or any combination of the properties, at an amount equal to each of the property's cost, as long as the lease balance does not decrease below a defined amount. Upon not less than 270 days, nor more than 360 days, prior to the lease expiration in June 2018, the Company may, at its option, (i) purchase a minimum of two of the properties, at an amount equal to each of the property's cost, (ii) exercise the option to renew the lease for a minimum of two of the properties or (iii) exercise the option to remarket a minimum of two of the properties and cause a sale of the properties. If the Company elects to remarket the properties, the Company has guaranteed the lessor a percentage of the cost of each property, in the aggregate amount of approximately $133.8 million . Future annual lease payments under the Synthetic Lease are approximately $2.7 million per year. Guarantees As is customary in the technology industry, to encourage certain customers to purchase products from Tech Data, the Company has arrangements with certain finance companies that provide inventory financing facilities to the Company’s customers. In conjunction with certain of these arrangements, the Company would be required to purchase certain inventory in the event the inventory is repossessed from the customers by the finance companies. As the Company does not have access to information regarding the amount of inventory purchased from the Company still on hand with the customer at any point in time, the Company’s repurchase obligations relating to inventory cannot be reasonably estimated. Repurchases of inventory by the Company under these arrangements have been insignificant to date. The Company believes that, based on historical experience, the likelihood of a material loss pursuant to these inventory repurchase obligations is remote. The Company provides additional financial guarantees to finance companies on behalf of certain customers. The majority of these guarantees are for an indefinite period of time, where the Company would be required to perform if the customer is in default with the finance company related to purchases made from the Company. The Company reviews the underlying credit for these guarantees on at least an annual basis. As of July 31, 2015 and January 31, 2015 , the outstanding amount of guarantees under these arrangements totaled $17.5 million and $5.5 million , respectively. The Company believes that, based on historical experience, the likelihood of a material loss pursuant to the above guarantees is remote. Contingencies Prior to fiscal 2004, one of the Company’s subsidiaries, located in Spain, was audited in relation to various value added tax (“VAT”) matters. As a result of those audits, the Spanish subsidiary received notices of assessment from the Regional Inspection Unit of Spain’s taxing authority that allege the subsidiary did not properly collect and remit VAT. The Spanish subsidiary appealed these assessments to the Madrid Central Economic Administrative Courts beginning in March 2010. Following the administrative court proceedings the matter was appealed to the Spanish National Appellate Court. During the fourth quarter of fiscal year 2014, the Spanish National Appellate Court issued an opinion upholding the assessment for several of the assessed years. During the second quarter of fiscal year 2015, the Madrid Central Economic Administrative Court issued a decision revoking the penalties for certain of the assessed years. As a result of this decision, during the three months ended July 31, 2014, the Company decreased its accrual for costs associated with this matter by $6.2 million , which is recorded in "value added tax assessments" on the Consolidated Statement of Income. During the second quarter of fiscal 2016, the Spanish Supreme Court issued final decisions. These decisions barred the assessments for several of the assessed years and will also result in the Company paying certain assessed amounts of approximately $12.5 million during the third quarter of fiscal 2016. As a result of these decisions, during the three months ended July 31, 2015, the Company decreased its accrual for costs associated with this matter by $25.4 million , including $16.4 million related to an accrual for assessments and penalties recorded in “value added tax assessments” and $9.0 million related to accrued interest recorded in “interest expense” in the Consolidated Statement of Income.The Company believes that the Spanish subsidiary's defense to the remaining assessments has solid legal grounds and is continuing to vigorously defend its position by appealing to the Spanish National Appellate Court and taking other actions to object to the assessments. The Company estimates the total exposure for these assessments, including various penalties and interest, was approximately $17.1 million and $43.7 million at July 31, 2015 and January 31, 2015 , respectively, which is included in "accrued expenses and other liabilities" in the Consolidated Balance Sheet. In December 2010, in a non-unanimous decision, a Brazilian appellate court overturned a 2003 trial court which had previously ruled in favor of the Company’s Brazilian subsidiary related to the imposition of certain taxes on payments abroad related to the licensing of commercial software products, commonly referred to as “CIDE tax.” The Company estimates the total exposure where the CIDE tax, including interest, may be considered due to be approximately $19.4 million and $24.6 million at July 31, 2015 and January 31, 2015 , respectively. The Brazilian subsidiary has appealed the unfavorable ruling to the Supreme Court and Superior Court, Brazil's two highest appellate courts. Based on the legal opinion of outside counsel, the Company believes that the chances of success on appeal of this matter are favorable and the Brazilian subsidiary intends to vigorously defend its position that the CIDE tax is not due. However, due to the lack of predictability of the Brazilian court system, the Company has concluded that it is reasonably possible that the Brazilian subsidiary may incur a loss up to the total exposure described above. The Company believes the resolution of this litigation will not be material to the Company’s consolidated net assets or liquidity. In addition to the CIDE tax matter discussed above, the Company’s Brazilian subsidiary has been undergoing several examinations of non-income related taxes. Given the lack of predictability of the Brazilian tax system, the Company believes that it is reasonably possible that a loss may have been incurred. However, due to the early stages of the examination, the complex nature of the Brazilian tax system and the absence of communication from the local tax authorities regarding these examinations, the Company is currently unable to determine the likelihood of these examinations resulting in assessments or to estimate the amount of loss, if any, that may be reasonably possible if such assessment were to be made. In the second quarter of fiscal 2016, the Company determined that it has additional VAT liabilities due in one of its European subsidiaries. As a result, the Company recorded a charge of $6.8 million in “value added tax assessments” in the Consolidated Statement of Income during the second quarter of fiscal 2016 representing the probable liability for VAT and associated penalties. The Company is subject to various other legal proceedings and claims arising in the ordinary course of business. The Company’s management does not expect that the outcome in any of these other legal proceedings, individually or collectively, will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Segment Information (Notes)

Segment Information (Notes)	6 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	NOTE 10 — SEGMENT INFORMATION Tech Data operates predominantly in a single industry segment as a distributor of technology products, logistics management, and other value-added services. While the Company operates primarily in one industry, it is managed based on geographic segments: the Americas and Europe. The Company assesses performance of and makes decisions on how to allocate resources to its operating segments based on multiple factors including current and projected operating income and market opportunities. The Company does not consider stock-based compensation expense in assessing the performance of its operating segments, and therefore the Company reports stock-based compensation expense as a separate amount. The accounting policies of the segments are the same as those described in Note 1 – Business and Summary of Significant Accounting Policies . Financial information by geographic segment is as follows: Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 (In thousands) Net sales to unaffiliated customers: Americas (1) $ 2,745,429 $ 2,722,191 $ 5,084,689 $ 5,198,462 Europe 3,834,964 4,119,618 7,382,933 8,371,498 Total $ 6,580,393 $ 6,841,809 $ 12,467,622 $ 13,569,960 Operating income: Americas (2) (3) $ 60,752 $ 38,854 $ 123,111 $ 65,137 Europe (4) (5) 49,443 32,725 72,840 39,911 Stock-based compensation expense (3,960 ) (3,869 ) (7,778 ) (5,842 ) Total $ 106,235 $ 67,710 $ 188,173 $ 99,206 Depreciation and amortization: Americas $ 4,472 $ 4,188 $ 8,513 $ 8,306 Europe 9,520 13,525 19,658 27,623 Total $ 13,992 $ 17,713 $ 28,171 $ 35,929 Capital expenditures: Americas $ 4,222 $ 3,370 $ 8,086 $ 4,852 Europe 3,530 3,871 6,910 6,616 Total $ 7,752 $ 7,241 $ 14,996 $ 11,468 As of July 31, January 31, 2015 (In thousands) Identifiable assets: Americas $ 2,185,420 $ 1,949,414 Europe 3,960,149 4,187,311 Total $ 6,145,569 $ 6,136,725 Long-lived assets: Americas (1) $ 25,910 $ 24,121 Europe 37,160 38,983 Total $ 63,070 $ 63,104 Goodwill & acquisition-related intangible assets, net: Americas $ 36,811 $ 8,810 Europe 298,039 309,158 Total $ 334,850 $ 317,968 (1) Net sales to unaffiliated customers in the United States represented 91% and 87% , respectively, of the total Americas' net sales to unaffiliated customers for the three months ended July 31, 2015 and 2014 . Net sales to unaffiliated customers in the United States represented 89% and 85% , respectively, of the total Americas' net sales to unaffiliated customers for the six months ended July 31, 2015 and 2014 . Total long-lived assets in the United States represented 93% and 92% of the Americas' total long-lived assets at July 31, 2015 and January 31, 2015 , respectively. (2) Operating income in the Americas for the three months ended July 31, 2015 includes a gain related to LCD settlements, net of $21.5 million and restatement and remediation related expenses of $0.1 million . Operating income in the Americas for the six months ended July 31, 2015 includes a gain related to LCD settlements, net of $60.0 million and restatement and remediation related expenses of $0.2 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (3) Operating income in the Americas for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $0.2 million and $3.1 million , respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (4) Operating income in Europe for the three and six months ended July 31, 2015 includes a decrease in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies ). Operating income in Europe for the six months ended July 31, 2015 includes restatement and remediation expenses of $0.6 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (5) Operating income in Europe for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $5.2 million and $14.6 million , respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ) and a decrease in the accrual for VAT matters in the Company's Spanish subsidiary of $6.2 million (see further discussion in Note 9 – Commitments & Contingencies ).

Business And Summary Of Signi17

Business And Summary Of Significant Accounting Policies (Policy)	6 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Nature of Operations [Text Block]	Tech Data Corporation (“Tech Data” or the “Company”) is one of the world’s largest wholesale distributors of technology products. The Company serves as an indispensable link in the technology supply chain by bringing products from the world’s leading technology vendors to market, as well as providing customers with advanced logistics capabilities and value-added services. Tech Data’s customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. The Company is managed in two geographic segments: the Americas and Europe.
Consolidation, Policy [Policy Text Block]	The consolidated financial statements include the accounts of Tech Data and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company operates on a fiscal year that ends on January 31.
Basis of Accounting, Policy [Policy Text Block]	The consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”). These principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the consolidated financial position of the Company as of July 31, 2015 , its consolidated statements of income and comprehensive income for the three and six months ended July 31, 2015 and 2014 , and its consolidated cash flows for the six months ended July 31, 2015 and 2014 .
Seasonal Fluctuations Policy [Policy Text Block]	The Company’s quarterly operating results have fluctuated significantly in the past and will likely continue to do so in the future as a result of currency fluctuations and seasonal variations in the demand for the products and services offered. Narrow operating margins may magnify the impact of these factors on the Company's operating results. Recent historical seasonal variations have included an increase in European demand during the Company’s fiscal fourth quarter and decreased demand in other fiscal quarters. Given that the majority of the Company’s revenues are derived from Europe, the worldwide results closely follow the seasonality trends in Europe. The seasonal trend in Europe typically results in greater operating leverage, and therefore, lower selling, general and administrative expenses as a percentage of net sales in the region and on a consolidated basis during the second semester of the Company's fiscal year, particularly in the Company's fourth quarter. Additionally, the life cycles of major products, as well as the impact of future acquisitions and dispositions, may also materially impact the Company’s business, financial condition, or consolidated results of operations. Therefore, the results of operations for the three and six months ended July 31, 2015 and 2014 are not necessarily indicative of the results that can be expected for the entire fiscal year ended January 31, 2016 .
Operating Expenses Restatement and Remediation Related [Policy Text Block]	Restatement and remediation related expenses primarily include legal, accounting and third party consulting fees associated with (i) the restatement of certain of the Company's consolidated financial statements and other financial information from fiscal 2009 to fiscal 2013, (ii) the Audit Committee investigation to review the Company's accounting practices, (iii) incremental external audit and supplemental procedures by the Company in connection with the preparation of its financial statements, and (iv) other incremental legal, accounting and consulting fees incurred as a result of the Company's restatement related investigation or in conjunction with the Company's remediation of material weaknesses and other control deficiencies identified during the restatement. The Company incurred restatement and remediation related expenses of approximately $0.2 million and $5.4 million , respectively, during the three months ended July 31, 2015 and 2014 and $0.8 million and $17.6 million , respectively, during the six months ended July 31, 2015 and 2014 , which are recorded in “restatement and remediation related expenses” in the Consolidated Statement of Income.
Gain (Loss) Related to Litigation Settlement [Policy Text Block]	The Company has been a claimant in proceedings seeking damages from certain manufacturers of LCD flat panel displays. During the three and six months ended July 31, 2015 , the Company reached settlement agreements with certain manufacturers in the amount of $21.5 million and $60.0 million , respectively, net of estimated attorney fees and expenses.
Accounts Receivable Purchase Facility Program, Policy [Policy Text Block]	The Company has uncommitted accounts receivable purchase agreements under which certain accounts receivable may be sold, without recourse, to third-party financial institutions. Under these programs, the Company may sell certain accounts receivable in exchange for cash less a discount, as defined in the agreements. Available capacity under these programs, which the Company uses as a source of working capital funding, is dependent on the level of accounts receivable eligible to be sold into these programs and the financial institutions' willingness to purchase such receivables. In addition, certain of these agreements also require that the Company continue to service, administer and collect the sold accounts receivable. At July 31, 2015 and January 31, 2015 , the Company had a total of $390.3 million and $310.9 million , respectively, of accounts receivable sold to and held by financial institutions under these agreements. During the three months ended July 31, 2015 and 2014 , discount fees recorded under these facilities were $1.0 million and $1.4 million , respectively, and during the six months ended July 31, 2015 and 2014 , discount fees recorded under these facilities were $1.9 million and $2.7 million , respectively. These discount fees are included as a component of "other expense, net" in the Consolidated Statement of Income.
Recently Adopted Accounting Standards [Policy Text Block]	In April 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standard which requires debt issuance costs to be presented in the balance sheet as a deduction from the carrying value of the associated debt liability. The new guidance should be applied on a retrospective basis. The Company early adopted this standard in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company's consolidated financial position and had no impact on its consolidated income, comprehensive income or cash flows.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards In April 2015, the FASB issued an accounting standard which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the license element should be accounted for consistent with the acquisition of other software licenses. If the cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The standard will be effective for the Company beginning with the quarter ending April 30, 2016. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial position and results of operations. In May 2014, the FASB issued an accounting standard which will supersede all existing revenue recognition guidance under current GAAP. The new standard requires the recognition of revenue to depict the transfer of promised goods or services to customers while exercising extensive judgment and use of estimates. The standard will be effective for the Company beginning with the quarter ending April 30, 2018. The Company would have the option to adopt one year earlier and the standard may be adopted with either a full retrospective or a modified retrospective approach. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial position and results of operations.

Earnings Per Share Details (Tab

Earnings Per Share Details (Tables)	6 Months Ended
	Jul. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The composition of basic and diluted EPS is as follows: Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 (In thousands, except per share data) Net income $ 76,412 $ 39,328 $ 127,689 $ 52,795 Weighted average common shares - basic 36,506 38,244 36,661 38,191 Effect of dilutive securities: Equity based awards 109 124 168 151 Weighted average common shares - diluted 36,615 38,368 36,829 38,342 Net income per share: Basic $ 2.09 $ 1.03 $ 3.48 $ 1.38 Diluted $ 2.09 $ 1.03 $ 3.47 $ 1.38

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Nonvested Restricted Stock Units Activity	A summary of the Company’s restricted stock activity for the six months ended July 31, 2015 is as follows: Shares Nonvested at January 31, 2015 547,689 Granted 251,420 Vested (251,904 ) Canceled (27,610 ) Nonvested at July 31, 2015 519,595

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jul. 31, 2015
Shareholders Equity [Abstract]
Class of Treasury Stock	The Company’s common share repurchase and issuance activity for the six months ended July 31, 2015 is summarized as follows: Shares Weighted- Treasury stock balance at January 31, 2015 21,866,069 $ 42.95 Shares of common stock repurchased under share repurchase programs 1,893,838 58.13 Shares of treasury stock reissued (180,271 ) Treasury stock balance at July 31, 2015 23,579,636 $ 44.16

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair Value, Assets Measured on Recurring Basis	The following table summarizes the valuation of the Company's assets and liabilities that are measured at fair value on a recurring basis: July 31, 2015 January 31, 2015 Fair value measurement category Fair value measurement category Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (in thousands) Assets Foreign currency forward contracts $ 3,949 $ 9,903 Liabilities Foreign currency forward contracts $ 1,183 $ 5,411 Acquisition-related contingent consideration $ 0 $ 3,381

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 31, 2015
Segment Reporting Information
Schedule of Segment Reporting Information, by Segment	Financial information by geographic segment is as follows: Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 (In thousands) Net sales to unaffiliated customers: Americas (1) $ 2,745,429 $ 2,722,191 $ 5,084,689 $ 5,198,462 Europe 3,834,964 4,119,618 7,382,933 8,371,498 Total $ 6,580,393 $ 6,841,809 $ 12,467,622 $ 13,569,960 Operating income: Americas (2) (3) $ 60,752 $ 38,854 $ 123,111 $ 65,137 Europe (4) (5) 49,443 32,725 72,840 39,911 Stock-based compensation expense (3,960 ) (3,869 ) (7,778 ) (5,842 ) Total $ 106,235 $ 67,710 $ 188,173 $ 99,206 Depreciation and amortization: Americas $ 4,472 $ 4,188 $ 8,513 $ 8,306 Europe 9,520 13,525 19,658 27,623 Total $ 13,992 $ 17,713 $ 28,171 $ 35,929 Capital expenditures: Americas $ 4,222 $ 3,370 $ 8,086 $ 4,852 Europe 3,530 3,871 6,910 6,616 Total $ 7,752 $ 7,241 $ 14,996 $ 11,468 As of July 31, January 31, 2015 (In thousands) Identifiable assets: Americas $ 2,185,420 $ 1,949,414 Europe 3,960,149 4,187,311 Total $ 6,145,569 $ 6,136,725 Long-lived assets: Americas (1) $ 25,910 $ 24,121 Europe 37,160 38,983 Total $ 63,070 $ 63,104 Goodwill & acquisition-related intangible assets, net: Americas $ 36,811 $ 8,810 Europe 298,039 309,158 Total $ 334,850 $ 317,968 (1) Net sales to unaffiliated customers in the United States represented 91% and 87% , respectively, of the total Americas' net sales to unaffiliated customers for the three months ended July 31, 2015 and 2014 . Net sales to unaffiliated customers in the United States represented 89% and 85% , respectively, of the total Americas' net sales to unaffiliated customers for the six months ended July 31, 2015 and 2014 . Total long-lived assets in the United States represented 93% and 92% of the Americas' total long-lived assets at July 31, 2015 and January 31, 2015 , respectively. (2) Operating income in the Americas for the three months ended July 31, 2015 includes a gain related to LCD settlements, net of $21.5 million and restatement and remediation related expenses of $0.1 million . Operating income in the Americas for the six months ended July 31, 2015 includes a gain related to LCD settlements, net of $60.0 million and restatement and remediation related expenses of $0.2 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (3) Operating income in the Americas for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $0.2 million and $3.1 million , respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (4) Operating income in Europe for the three and six months ended July 31, 2015 includes a decrease in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies ). Operating income in Europe for the six months ended July 31, 2015 includes restatement and remediation expenses of $0.6 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (5) Operating income in Europe for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $5.2 million and $14.6 million , respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ) and a decrease in the accrual for VAT matters in the Company's Spanish subsidiary of $6.2 million (see further discussion in Note 9 – Commitments & Contingencies ).

Business And Summary Of Signi23

Business And Summary Of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Jan. 31, 2015
Accounting Policies [Abstract]
Operating Expenses, Restatement and Remediation Related	$ 164	$ 5,378	$ 782	$ 17,614
Gain (Loss) Related to Litigation Settlement	21,527	0	60,038	0
Accounts receivable sold	390,300		390,300		$ 310,900
Discount fees on sale of accounts receivable	$ 987	$ 1,400	$ 1,900	$ 2,700

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Net income	$ 76,412	$ 39,328	$ 127,689	$ 52,795
Weighted average common shares - basic	36,506,000	38,244,000	36,661,000	38,191,000
Equity based awards	109,000	124,000	168,000	151,000
Weighted average common shares - diluted	36,615,000	38,368,000	36,829,000	38,342,000
Basic	$ 2.09	$ 1.03	$ 3.48	$ 1.38
Diluted	$ 2.09	$ 1.03	$ 3.47	$ 1.38

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 3,960	$ 3,869	$ 7,778	$ 5,842
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	4,000,000		4,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2,400,000		2,400,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares
Nonvested at January 31, 2015			547,689
Granted			251,420
Vested			(251,904)
Canceled			(27,610)
Nonvested at July 31, 2015	519,595		519,595

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jul. 31, 2015	Jan. 31, 2015
Equity, Class of Treasury Stock
Treasury Stock, Number of Shares Held	23,579,636	21,866,069
Treasury Stock Held, Average Cost Per Share	$ 44.16	$ 42.95
Stock Repurchased During Period, Shares	1,893,838
Stock Repurchased During Period, Cost Per Share	$ 58.13
Stock Issued During Period, Shares, Treasury Stock Reissued	(180,271)
December 2014 Program
Equity, Class of Treasury Stock
Stock Repurchase Program, Authorized Amount		$ 100,000
June 2015 Program [Member]
Equity, Class of Treasury Stock
Stock Repurchase Program, Authorized Amount	$ 100,000

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 31, 2015	Jul. 31, 2015	Jul. 31, 2014	Jun. 01, 2015
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		$ 27,848	$ 0
STG [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 27,848
Finite-lived Intangible Assets Acquired				$ 349
Finite-lived Intangible Assets Acquired				14,500
Goodwill				14,117
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities				$ 1,118

Loss on Disposal of Subsidiar28

Loss on Disposal of Subsidiaries (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Loss on Disposal of Subsidiaries [Abstract]
Business Exit Costs	$ 154	$ 0	$ 517	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2015	Jul. 31, 2015	Jan. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Payments for Previous Acquisition	$ 3,300
Life Insurance, Corporate or Bank Owned, Amount		$ 35,000
Deferred Compensation Liability, Current and Noncurrent		35,000
Total assets held for sale		0	$ 101,706
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Foreign currency forward contracts		3,949	9,903
Foreign currency forward contracts		1,183	5,411
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Acquisition-related contingent consideration		0	$ 3,381
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt Instrument, Face Amount		350,000
Senior Notes | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt Instrument, Fair Value Disclosure		$ 361,500

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net foreign currency exchange (gain) loss	$ (5,900)	$ (3,300)	$ 2,100	$ 5,500
Notional amount of derivative financial instruments outstanding	$ 600,000	$ 600,000	$ 500,000	$ 700,000
Average maturities of derivatives, days	33 days	35 days	35 days	35 days

Commitments and Contingencies31

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Jan. 31, 2015
Loss Contingencies
Loss Contingency Accrual, Period Increase (Decrease)		$ (9,563)	$ (6,229)	$ (9,563)	$ (6,229)
SPAIN | Interest Expense
Loss Contingencies
Loss Contingency Accrual, Period Increase (Decrease)		(9,000)
SPAIN | Value added tax assessment
Loss Contingencies
Loss Contingency Accrual, Period Increase (Decrease)		(16,400)	$ (6,229)		$ (6,229)
SPAIN | Accrued Liabilities
Loss Contingencies
Loss Contingency Accrual, Period Increase (Decrease)		(25,400)
Loss Contingency Accrual		17,100		17,100		$ 43,700
BRAZIL
Loss Contingencies
Loss Contingency, Estimate of Possible Loss		19,400		19,400		24,600
European Subsidiary [Member] | Accrued Liabilities
Loss Contingencies
Loss Contingency Accrual		6,800		6,800
Synthetic Lease
Loss Contingencies
Residual Value Guarantee, Aggregate Amount		133,800		133,800
Operating Leases, Future Minimum Payments Due		2,700		2,700
Financial Guarantee
Loss Contingencies
Guarantor Obligations, Maximum Exposure, Undiscounted		$ 17,500		$ 17,500		$ 5,500
Scenario, Forecast [Member] | SPAIN | Accrued Liabilities
Loss Contingencies
Loss Contingency Accrual, Payments	$ 12,500

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jul. 31, 2015		Jul. 31, 2014		Jul. 31, 2015		Jul. 31, 2014		Jan. 31, 2015
Segment Reporting Information
Revenue, net		$ 6,580,393		$ 6,841,809		$ 12,467,622		$ 13,569,960
Operating income (loss)		106,235		67,710		188,173		99,206
Share-based compensation expense		(3,960)		(3,869)		(7,778)		(5,842)
Depreciation and amortization		13,992		17,713		28,171		35,929
Capital expenditures		7,752		7,241		14,996		11,468
Assets		6,145,569				6,145,569				$ 6,136,725
Long-lived assets		63,070				63,070				63,104
Goodwill & acquisition-related intangible assets, net		334,850				334,850				317,968
Gain (Loss) Related to Litigation Settlement		(21,527)		0		(60,038)		0
BusinessExitCosts1		154		0		517		0
Operating expenses, restatement and remediation related expenses		164		5,378		782		17,614
Loss Contingency Accrual, Period Increase (Decrease)		(9,563)		(6,229)		(9,563)		(6,229)
Americas
Segment Reporting Information
Revenue, net	[1]	2,745,429		2,722,191		5,084,689		5,198,462
Operating income (loss)		60,752	[2]	38,854		123,111	[3]	65,137	[3]
Depreciation and amortization		$ 4,472		$ 4,188		$ 8,513		$ 8,306
Sales to unaffiliated customers, as percentage of total sales		91.00%		87.00%		89.00%		85.00%
Capital expenditures		$ 4,222		$ 3,370		$ 8,086		$ 4,852
Assets		2,185,420				2,185,420				1,949,414
Long-lived assets	[1]	25,910				25,910				24,121
Goodwill & acquisition-related intangible assets, net		$ 36,811				$ 36,811				$ 8,810
Long-lived assets, as percentage of total assets		93.00%				93.00%				92.00%
Gain (Loss) Related to Litigation Settlement		$ (21,527)				$ (60,038)
Operating expenses, restatement and remediation related expenses		146		190		184		3,060
Europe
Segment Reporting Information
Revenue, net		3,834,964		4,119,618		7,382,933		8,371,498
Operating income (loss)		49,443	[4]	32,725	[4]	72,840	[5]	39,911	[5]
Depreciation and amortization		9,520		13,525		19,658		27,623
Capital expenditures		3,530		3,871		6,910		6,616
Assets		3,960,149				3,960,149				$ 4,187,311
Long-lived assets		37,160				37,160				38,983
Goodwill & acquisition-related intangible assets, net		298,039				298,039				$ 309,158
Operating expenses, restatement and remediation related expenses				5,188		$ 598		14,554
Value added tax assessment [Member] | SPAIN
Segment Reporting Information
Loss Contingency Accrual, Period Increase (Decrease)		$ (16,400)		$ (6,229)				$ (6,229)
[1]	Net sales to unaffiliated customers in the United States represented 91% and 87%, respectively, of the total Americas' net sales to unaffiliated customers for the three months ended July 31, 2015 and 2014. Net sales to unaffiliated customers in the United States represented 89% and 85%, respectively, of the total Americas' net sales to unaffiliated customers for the six months ended July 31, 2015 and 2014. Total long-lived assets in the United States represented 93% and 92% of the Americas' total long-lived assets at July 31, 2015 and January 31, 2015, respectively.
[2]	Operating income in the Americas for the three months ended July 31, 2015 includes a gain related to LCD settlements, net of $21.5 million and restatement and remediation related expenses of $0.1 million. Operating income in the Americas for the six months ended July 31, 2015 includes a gain related to LCD settlements, net of $60.0 million and restatement and remediation related expenses of $0.2 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).
[3]	Operating income in the Americas for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $0.2 million and $3.1 million, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).
[4]	Operating income in Europe for the three and six months ended July 31, 2015 includes a decrease in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies). Operating income in Europe for the six months ended July 31, 2015 includes restatement and remediation expenses of $0.6 million (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).
[5]	Operating income in Europe for the three and six months ended July 31, 2014 includes restatement and remediation related expenses of $5.2 million and $14.6 million, respectively (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies) and a decrease in the accrual for VAT matters in the Company's Spanish subsidiary of $6.2 million (see further discussion in Note 9 – Commitments & Contingencies).