Tech Data (TECD) 10-Q 30 Nov 16 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 31, 2016	Nov. 18, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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		35,221,144

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Thousands	Oct. 31, 2016	Jan. 31, 2016
Current assets:
Cash and cash equivalents	$ 691,565	$ 531,169
Accounts receivable, less allowances of $41,400 and $45,875 at October 31, 2016 and January 31, 2016	2,866,028	2,995,114
Inventories	2,253,962	2,117,384
Prepaid expenses and other assets	129,227	178,394
Total current assets	5,940,782	5,822,061
Property and equipment, net	72,700	66,028
Goodwill	199,079	204,114
Intangible assets, net	137,390	159,386
Other assets, net	112,713	106,699
Total assets	6,462,664	6,358,288
Current liabilities:
Accounts payable	3,495,096	3,427,580
Accrued expenses and other liabilities	432,661	487,003
Revolving credit loans and current maturities of long-term debt, net	365,417	18,063
Total current liabilities	4,293,174	3,932,646
Long-term debt, less current maturities	0	348,608
Other long-term liabilities	77,051	71,279
Total liabilities	4,370,225	4,352,533
Commitments and contingencies (Note 9)
Shareholders’ equity:
Common stock, par value $.0015; 200,000,000 shares authorized; 59,245,585 shares issued at October 31, 2016 and January 31, 2016	89	89
Additional paid-in capital	683,211	682,227
Treasury stock, at cost (24,024,441 and 24,163,402 shares at October 31, 2016 and January 31, 2016)	(1,071,238)	(1,077,434)
Retained earnings	2,550,471	2,434,198
Accumulated other comprehensive loss	(70,094)	(33,325)
Total shareholders' equity	2,092,439	2,005,755
Total liabilities and shareholders' equity	$ 6,462,664	$ 6,358,288

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2016	Jan. 31, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable and sales returns	$ 41,400	$ 45,875
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	24,024,441	24,163,402

Consolidated Statement Of Incom

Consolidated Statement Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Income Statement [Abstract]
Net sales	$ 6,490,265	$ 6,428,540	$ 18,807,366	$ 18,896,162
Cost of products sold	6,174,426	6,113,696	17,876,466	17,964,150
Gross profit	315,839	314,844	930,900	932,012
Selling, general and administrative expenses	239,952	249,840	730,211	748,436
Acquisition and integration expenses	13,015	0	14,997	0
LCD settlements and other, net	0	(3,049)	(4,142)	(63,087)
Value added tax assessments	0	0	1,049	(9,563)
Operating expenses	252,967	246,791	742,115	675,786
Operating income	62,872	68,053	188,785	256,226
Interest expense	9,475	5,619	21,364	8,021
Other expense (income), net	1,747	898	(517)	1,110
Income before income taxes	51,650	61,536	167,938	247,095
Provision for income taxes	15,144	19,636	51,665	77,506
Net income	$ 36,506	$ 41,900	$ 116,273	$ 169,589
Earnings per share:
Basic	$ 1.04	$ 1.19	$ 3.30	$ 4.69
Diluted	$ 1.03	$ 1.18	$ 3.29	$ 4.66
Weighted average common shares outstanding:
Basic	35,218	35,214	35,184	36,174
Diluted	35,449	35,397	35,393	36,354

Consolidated Statement Of Compr

Consolidated Statement Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 36,506	$ 41,900	$ 116,273	$ 169,589
Other comprehensive loss:
Foreign currency translation adjustment	(55,771)	(4,815)	(36,769)	(22,228)
Total comprehensive (loss) income	$ (19,265)	$ 37,085	$ 79,504	$ 147,361

Consolidated Statement Of Cash

Consolidated Statement Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Cash flows from operating activities:
Cash received from customers	$ 21,076,446	$ 20,055,571
Cash paid to vendors and employees	(20,776,017)	(19,748,997)
Interest paid, net	(18,982)	(17,759)
Income taxes paid	(69,960)	(62,741)
Net cash provided by operating activities	211,487	226,074
Cash flows from investing activities:
Expenditures for property and equipment	(18,785)	(13,943)
Software and software development costs	(12,118)	(9,234)
Acquisition of businesses, net of cash acquired	(2,685)	(27,848)
Proceeds from sale of subsidiaries	0	20,020
Net cash used in investing activities	(33,588)	(31,005)
Cash flows from financing activities:
Net (repayments) borrowings on revolving credit loans	(1,476)	5,170
Acquisition-related financing costs	(14,988)	0
Payments for employee tax withholdings on equity awards	(4,385)	(4,533)
Proceeds from the reissuance of treasury stock	492	376
Cash paid for purchase of treasury stock	0	(147,003)
Principal payments on long-term debt	0	(319)
Acquisition earn-out payment	0	(2,736)
Net cash used in financing activities	(20,357)	(149,045)
Effect of exchange rate changes on cash and cash equivalents	2,854	(3,059)
Net increase in cash and cash equivalents	160,396	42,965
Cash and cash equivalents at beginning of year	531,169	542,995
Cash and cash equivalents at end of period	691,565	585,960
Reconciliation of net income to net cash provided by operating activities:
Net income	116,273	169,589
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on disposal of subsidiaries	0	699
Depreciation and amortization	41,223	42,518
Provision for losses on accounts receivable	3,457	5,041
Stock-based compensation expense	(11,020)	(11,399)
Accretion of debt discount and debt issuance costs on Senior Notes	626	630
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	91,938	(158,020)
Inventories	(148,116)	(177,643)
Prepaid expenses and other assets	57,178	(22,405)
Accounts payable	109,404	397,721
Accrued expenses and other liabilities	(71,516)	(43,455)
Total adjustments	95,214	56,485
Net cash provided by operating activities	$ 211,487	$ 226,074

Business And Summary Of Signifi

Business And Summary Of Significant Accounting Policies Business and Summary of Significant Accounting Policies	9 Months Ended
	Oct. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Summary of Significant Accounting Policies	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 controlled 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 October 31, 2016 , its consolidated statements of income and comprehensive income for the three and nine months ended October 31, 2016 and 2015 , and its consolidated cash flows for the nine months ended October 31, 2016 and 2015 . 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. Therefore, the results of operations for the three and nine months ended October 31, 2016 are not necessarily indicative of the results that can be expected for the entire fiscal year ended January 31, 2017 . Acquisition and integration expenses Acquisition and integration expenses are primarily comprised of transaction costs, professional fees and personnel costs, including due diligence and integration activities, related to the planned acquisition of the Technology Solutions business of Avnet Inc. (see Note 3 – Acquisitions for further discussion). LCD settlements and other, net The Company has been a claimant in proceedings seeking damages primarily from certain manufacturers of LCD flat panel and cathode ray tube displays. The Company reached settlement agreements with certain manufacturers during the periods presented and has recorded these amounts, net of estimated attorney fees and expenses, in "LCD settlements and other, net" in the Consolidated Statement of Income. 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 October 31, 2016 and January 31, 2016 , the Company had a total of $527.9 million and $554.2 million , respectively, of accounts receivable sold to and held by financial institutions under these agreements. During the three months ended October 31, 2016 and 2015 , discount fees recorded under these facilities were $1.6 million and $0.9 million , respectively, and during the nine months ended October 31, 2016 and 2015 , discount fees recorded under these facilities were $4.3 million and $2.9 million , respectively. These discount fees are included as a component of "other expense (income), net" in the Consolidated Statement of Income. Goodwill The Company tests goodwill for impairment annually at the reporting unit level, or more frequently if current events and circumstances indicate a possible impairment. During the second quarter of fiscal year 2017, the Company elected to change the timing of its annual goodwill impairment testing from January 31st to November 1st. This accounting change is considered to be preferable because it allows the Company additional time to complete the annual goodwill impairment test. This change does not represent a material change to the method of applying an accounting principle, nor does this change result in adjustments to previously issued financial statements. The Company has concluded that it is impracticable to objectively determine projected cash flows and related valuation estimates that would have been used as of each November 1st of prior reporting periods. As a result, the Company will prospectively apply the change in the annual goodwill impairment testing date beginning November 1, 2016. This change in testing date did not delay, accelerate, or avoid a goodwill impairment charge. Recently Adopted Accounting Standards In April 2015, the Financial Accounting Standards Board ("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 Company adopted this standard during the quarter ended April 30, 2016. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued an accounting standard which modifies how companies account for certain aspects of stock-based payments to employees. The new standard revises the accounting treatment for excess tax benefits, statutory income tax withholding requirements, and forfeitures related to stock-based awards. The standard is effective for annual periods beginning after December 15, 2016; however, early adoption is permitted. The Company early adopted this standard during the quarter ended April 30, 2016. The Company has elected to continue to estimate the number of stock-based awards expected to vest, as permitted by the new standard, rather than electing to account for forfeitures as they occur. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements; however, as a result of the adoption of this standard, the classification of certain amounts in the Consolidated Statement of Cash Flows for the nine months ended October 31, 2015 was retrospectively adjusted. Recently Issued Accounting Standards In May 2014, the FASB issued an accounting standard which will supersede all existing revenue recognition guidance under current GAAP. In March, April and May 2016, the FASB issued three additional accounting standard updates which provide supplemental adoption guidance and clarification to the May 2014 accounting standard update. The new standards require the recognition of revenue to depict the transfer of promised goods or services in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. The standards 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 these new standards may have on its consolidated financial statements. In July 2015, the FASB issued a new accounting standard that simplifies the subsequent measurement of inventory. Under the new standard, the cost of inventory will be compared to the net realizable value (NRV). Net realizable value is defined as the estimated selling prices in the ordinary course of business less reasonably predictable costs of completion, disposal and transportation. The standard should be applied prospectively and will be effective for the Company beginning with the quarter ending April 30, 2017. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In February 2016, the FASB issued an accounting standard which requires the recognition of assets and liabilities arising from lease transactions on the balance sheet and the disclosure of additional information about leasing arrangements. Under the new guidance, for all leases, interest expense and amortization of the right to use asset will be recorded for leases determined to be financing leases and straight-line lease expense will be recorded for leases determined to be operating leases. Lessees will initially recognize assets for the right to use the leased assets and liabilities for the obligations created by those leases. The new accounting standard must be adopted using a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The accounting standard is effective for the Company beginning with the quarter ended April 30, 2019, with early adoption permitted. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial statements. In June 2016, the FASB issued an accounting standard which revises the methodology for measuring credit losses on financial instruments and the timing of the recognition of those losses. Under the new standard, financial assets measured at an amortized cost basis are to be presented net of the amount not expected to be collected via an allowance for credit losses. Estimated credit losses are to be based on historical information adjusted for management's expectation that current conditions and supportable forecasts differ from historical experience. The accounting standard is effective for the Company beginning with the quarter ending April 30, 2020, with early adoption permitted. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial statements. In August 2016, the FASB issued a new accounting standard that addresses how certain cash receipts and cash payments are presented and classified on the statement of cash flows. The accounting standard is effective for the Company beginning with the quarter ending April 30, 2018, with early adoption permitted. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In October 2016, the FASB issued a new accounting standard that revises the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. The accounting standard is effective for the Company beginning with the quarter ending April 30, 2018, with early adoption permitted. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial statements. Reclassifications Certain reclassifications have been made to prior period amounts to conform to the current period presentation. These reclassifications did not have a material impact on previously reported amounts.

Earnings Per Share (Notes)

Earnings Per Share (Notes)	9 Months Ended
	Oct. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 2 — EARNINGS PER SHARE ("EPS") The Company presents the computation of earnings per share on a basic and diluted basis. 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 5 – Stock-Based Compensation ) using the treasury stock method. The composition of basic and diluted EPS is as follows: Three months ended October 31, Nine months ended October 31, 2016 2015 2016 2015 (in thousands, except per share data) Net income $ 36,506 $ 41,900 $ 116,273 $ 169,589 Weighted average common shares - basic 35,218 35,214 35,184 36,174 Effect of dilutive securities: Equity based awards 231 183 209 180 Weighted average common shares - diluted 35,449 35,397 35,393 36,354 Earnings per share: Basic $ 1.04 $ 1.19 $ 3.30 $ 4.69 Diluted $ 1.03 $ 1.18 $ 3.29 $ 4.66 For the three and nine months ended October 31, 2016 , there were 844 and 1,454 shares, respectively, excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the three and nine months ended October 31, 2015 , there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Acquisitions (Notes)

Acquisitions (Notes)	9 Months Ended
	Oct. 31, 2016
Acquisitions [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	NOTE 3 — ACQUISITIONS Planned Acquisition On September 19, 2016, the Company entered into an interest purchase agreement with Avnet, Inc. (“Avnet”) to acquire Avnet's Technology Solutions business ("TS"). The Company will acquire TS for an aggregate purchase price comprised of $2.4 billion in cash and 2,785,402 shares of Tech Data's common stock, with the cash consideration subject to certain working capital and other adjustments. In connection with the interest purchase agreement, the Company also obtained a commitment letter for a $3.1 billion senior unsecured bridge loan facility, subject to customary conditions, in order to finance a portion of the proposed acquisition, if necessary. There were no amounts drawn on the commitment letter as of October 31, 2016 (see further discussion in Note 11 – Subsequent Events ). The acquisition is subject to customary closing conditions, including regulatory approvals. Acquisition and integration expenses in the accompanying Consolidated Statements of Income for the three and nine months ended October 31, 2016 are comprised of the following (in thousands): Three months ended Nine months ended October 31, 2016 October 31, 2016 Transaction related costs $ 8,535 $ 9,190 Professional services 3,978 5,305 Other 502 502 Total $ 13,015 $ 14,997 In addition to the above expenses, the Company paid $15.0 million of acquisition-related financing costs related to the bridge loan facility, which is being amortized over the expected term of the facility. Interest expense in the accompanying Consolidated Statements of Income for the three and nine months ended October 31, 2016 included $3.4 million of amortization expense related to this facility.

Debt (Notes)

Debt (Notes)	9 Months Ended
	Oct. 31, 2016
Debt [Abstract]
Debt	NOTE 4 — DEBT The carrying value of the Company's outstanding debt consists of the following (in thousands): As of: October 31, 2016 January 31, 2016 Senior Notes, interest at 3.75% payable semi-annually, due September 21, 2017 $ 350,000 $ 350,000 Less—unamortized debt discount and debt issuance costs (766 ) (1,392 ) Senior Notes, net 349,234 348,608 Other committed and uncommitted revolving credit facilities, average interest rate of 7.50% and 5.26% at October 31, 2016 and January 31, 2016, respectively 16,183 18,063 365,417 366,671 Less—current maturities (included as “revolving credit loans and current maturities of long-term debt, net”) (365,417 ) (18,063 ) Total long-term debt $ — $ 348,608 Senior Notes In September 2012, the Company issued $350.0 million aggregate principal amount of 3.75% Senior Notes in a public offering (the “Senior Notes”), resulting in cash proceeds of approximately $345.8 million , net of debt discount and debt issuance costs of approximately $1.3 million and $2.9 million , respectively. The debt discount and debt issuance costs incurred in connection with the public offering are amortized over the life of the Senior Notes as additional interest expense using the effective interest method. The Company pays interest on the Senior Notes semi-annually in arrears on March 21 and September 21 of each year, ending on the maturity date of September 21, 2017. The Company, at its option, may redeem the Senior Notes at any time in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the Senior Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Senior Notes being redeemed, discounted at a rate equal to the sum of the applicable Treasury Rate plus 50 basis points, plus accrued and unpaid interest up to the date of redemption. The Senior Notes rank equal in right of payment to all of the Company’s other senior unsecured indebtedness and senior in the right of payment to all of the Company's subordinated indebtedness. Other Credit Facilities The Company has a $500.0 million revolving credit facility with a syndicate of banks (the “Credit Agreement”) which, among other things, provides for (i) a maturity date of November 5, 2020, (ii) an interest rate on borrowings, facility fees and letter of credit fees based on the Company’s non-credit enhanced senior unsecured debt rating as determined by Standard & Poor’s Rating Service and Moody’s Investor Service, and (iii) the ability to increase the facility to a maximum of $750.0 million , subject to certain conditions. The Company pays interest on advances under the Credit Agreement at LIBOR (or similar interbank offered rates depending on currency draw) plus a predetermined margin that is based on the Company’s debt rating. There were no amounts outstanding under the Credit Agreement at October 31, 2016 and January 31, 2016 . The Credit Agreement was amended on November 2, 2016 (see further discussion in Note 11 – Subsequent Events ). The Company also has an agreement with a syndicate of banks (the “Receivables Securitization Program”) that allows the Company to transfer an undivided interest in a designated pool of U.S. accounts receivable, on an ongoing basis, to provide collateral for borrowings up to a maximum of $400.0 million . Under this program, the Company transfers certain U.S. trade receivables into a wholly-owned bankruptcy remote special purpose entity. Such receivables, which are recorded in the Consolidated Balance Sheet, totaled $764.2 million and $721.1 million at October 31, 2016 and January 31, 2016 , respectively. As collections reduce accounts receivable balances included in the collateral pool, the Company may transfer interests in new receivables to bring the amount available to be borrowed up to the maximum. This program has a maturity date of November 16, 2017, and interest is to be paid on advances under the Receivables Securitization Program at the applicable commercial paper or LIBOR rate plus an agreed-upon margin. There were no amounts outstanding under the Receivables Securitization Program at October 31, 2016 and January 31, 2016 . In addition to the facilities described above, the Company has various other committed and uncommitted lines of credit and overdraft facilities totaling approximately $232.3 million at October 31, 2016 to support its operations. Most of these facilities are provided on an unsecured, short-term basis and are reviewed periodically for renewal. There was $16.2 million outstanding at October 31, 2016 , at a weighted average interest rate of 7.50% , and $18.1 million outstanding on these facilities at January 31, 2016 , at a weighted average interest rate of 5.26% . At October 31, 2016 , the Company had also issued standby letters of credit of $29.7 million . These letters of credit typically act as a guarantee of payment to certain third parties in accordance with specified terms and conditions. The issuance of these letters of credit reduces the Company's borrowing availability under certain of the above-mentioned credit facilities. Certain of the Company’s credit facilities contain limitations on the amounts of annual dividends and repurchases of common stock and require compliance with other obligations, warranties and covenants. The financial ratio covenants under these credit facilities include a maximum total leverage ratio and a minimum interest coverage ratio. At October 31, 2016 , the Company was in compliance with all such financial covenants. In light of these financial covenants, the Company’s maximum borrowing availability on these other credit facilities was restricted to $918.3 million , of which $16.2 million was outstanding at October 31, 2016 .

Stock-Based Compensation (Notes

Stock-Based Compensation (Notes)	9 Months Ended
	Oct. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 5 — STOCK-BASED COMPENSATION For the nine months ended October 31, 2016 and 2015 , the Company recorded $11.0 million and $11.4 million , respectively, of stock-based compensation expense, which is included in “selling, general and administrative expenses” in the Consolidated Statement of Income. At October 31, 2016 , 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 2.2 million shares remain available for future grant at October 31, 2016 . 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 three years from the date of grant. A summary of the Company’s restricted stock activity for the nine months ended October 31, 2016 is as follows: Shares Nonvested at January 31, 2016 496,329 Granted (a) 236,311 Vested (184,277 ) Canceled (17,969 ) Nonvested at October 31, 2016 530,394 (a) Includes 18,563 shares of performance-based restricted stock units, which assumes maximum achievement. 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)	9 Months Ended
	Oct. 31, 2016
Shareholders Equity [Abstract]
Shareholders' Equity	NOTE 6 — SHAREHOLDERS' EQUITY The Company’s common share issuance activity for the nine months ended October 31, 2016 is summarized as follows: Shares Weighted-average Treasury stock balance at January 31, 2016 24,163,402 $ 44.59 Shares of treasury stock reissued (138,961 ) Treasury stock balance at October 31, 2016 24,024,441 $ 44.59 There were no common shares repurchased by the Company during the nine months ended October 31, 2016 . The reissuance of shares from treasury stock is based on the weighted average purchase price of the shares.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	9 Months Ended
	Oct. 31, 2016
Fair Value Measurements [Abstract]
Fair Value Measurements	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 (in thousands): October 31, 2016 January 31, 2016 Fair value measurement category Fair value measurement category Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 ASSETS Foreign currency forward contracts $ 5,144 $ 3,412 LIABILITIES Foreign currency forward contracts $ 1,911 $ 2,274 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 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 (income), 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 was $34.3 million and $34.4 million , respectively, at October 31, 2016 and $30.2 million and $30.5 million , respectively, at January 31, 2016 . The $350.0 million of Senior Notes discussed in Note 4 – Debt are carried at cost, less unamortized debt discount and debt issuance costs. As of October 31, 2016 and January 31, 2016 , the estimated fair value of the Senior Notes was approximately $355.6 million and $359.6 million , respectively, 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).

Derivative Instruments

Derivative Instruments	9 Months Ended
	Oct. 31, 2016
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’s foreign currency exposure relates primarily to international transactions 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: British pound, Canadian dollar, Czech koruna, Danish krone, euro, Mexican peso, Norwegian krone, Polish zloty, Swedish krona, Swiss franc and U.S. dollar. 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 recognizes 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 recognizes 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 (income), 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 (income), net”, was a net foreign currency exchange loss of $1.2 million and a net foreign currency exchange gain of $4.9 million , respectively, for the three months ended October 31, 2016 and 2015 , and a net foreign currency exchange loss of $2.0 million and a net foreign currency exchange gain of $2.9 million , respectively, for the nine months ended October 31, 2016 and 2015 . 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 average notional amounts of derivative financial instruments outstanding during the three months ended October 31, 2016 and 2015 were approximately $0.7 billion and $0.5 billion , respectively, with average maturities of 33 days and 24 days , respectively. The Company's average notional amounts of derivative financial instruments outstanding during the nine months ended October 31, 2016 and 2015 were approximately $0.6 billion and $0.5 billion , respectively, with average maturities of 32 days and 31 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. The Company’s foreign currency forward contracts are also discussed in Note 7 – Fair Value Measurements .

Commitments and Contingencies (

Commitments and Contingencies (Notes)	9 Months Ended
	Oct. 31, 2016
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, that expires in June 2018. 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, 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 $2.9 million per year. Guarantees 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 October 31, 2016 and January 31, 2016 , the outstanding amount of guarantees under these arrangements totaled $3.7 million and $4.6 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 related to fiscal years 1994 through 2001 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 2013, the Spanish National Appellate Court issued an opinion upholding the assessments for several of the assessed years. During fiscal 2015, the Madrid Central Economic Administrative Court issued a decision revoking the penalties for certain of the assessed years. During fiscal 2016, the Spanish Supreme Court issued final decisions for the assessments related to fiscal years 1996 through 2001 which barred certain of the assessed amounts. As a result of these decisions, during the nine months ended October 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 paid the remaining assessed amounts for fiscal years 1996 through 2001 of $12.3 million during the third quarter of fiscal 2016. During the second quarter of fiscal 2017, the Spanish National Appellate Court issued an opinion upholding the assessments for fiscal years 1994 and 1995. Although the Company believes that the Spanish subsidiary's defense to the assessments has solid legal grounds and is continuing to vigorously defend its position by appealing to the Spanish Supreme Court, certain of the amounts assessed for fiscal years 1994 and 1995 are not eligible to be appealed to the Spanish Supreme Court. As a result, the Company increased its accrual for costs associated with this matter by $2.6 million during the nine months ended October 31, 2016 , including $1.5 million recorded in "value added tax assessments" and $1.1 million recorded in "interest expense" in the Consolidated Statement of Income. The Company estimates the probable liability for these remaining assessments, including various penalties and interest, was approximately $7.3 million at October 31, 2016 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 related to the CIDE tax, including interest, was approximately $22.5 million at October 31, 2016 . 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 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 had 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 nine months ended October 31, 2015 representing the probable liability for VAT and associated penalties. The Company has subsequently paid all VAT associated with this matter and filed amended tax returns with the tax authorities. 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)	9 Months Ended
	Oct. 31, 2016
Segment Reporting [Abstract]
Segment Information	NOTE 10 — SEGMENT INFORMATION The Company 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 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 (in thousands): Three months ended October 31, Nine months ended October 31, 2016 2015 2016 2015 Net sales to unaffiliated customers: Americas (1) $ 2,614,347 $ 2,572,751 $ 7,677,237 $ 7,657,440 Europe 3,875,918 3,855,789 11,130,129 11,238,722 Total $ 6,490,265 $ 6,428,540 $ 18,807,366 $ 18,896,162 Operating income: Americas (2) (3) $ 32,414 $ 38,857 $ 104,930 $ 161,968 Europe (2) (4) 34,008 32,817 94,875 105,657 Stock-based compensation expense (3,550 ) (3,621 ) (11,020 ) (11,399 ) Total $ 62,872 $ 68,053 $ 188,785 $ 256,226 Depreciation and amortization: Americas $ 4,323 $ 4,884 $ 14,118 $ 13,397 Europe 8,805 9,463 27,105 29,121 Total $ 13,128 $ 14,347 $ 41,223 $ 42,518 Capital expenditures: Americas $ 4,004 $ 4,046 $ 15,489 $ 12,132 Europe 4,564 4,135 15,414 11,045 Total $ 8,568 $ 8,181 $ 30,903 $ 23,177 As of: October 31, 2016 January 31, 2016 Identifiable assets: Americas $ 2,302,283 $ 2,078,443 Europe 4,160,381 4,279,845 Total $ 6,462,664 $ 6,358,288 Long-lived assets: Americas (1) $ 34,805 $ 29,402 Europe 37,895 36,626 Total $ 72,700 $ 66,028 Goodwill & acquisition-related intangible assets, net: Americas $ 33,874 $ 35,615 Europe 249,977 274,401 Total $ 283,851 $ 310,016 (1) Net sales to unaffiliated customers in the United States represented 91% of the total Americas' net sales to unaffiliated customers for the three months ended October 31, 2016 and 2015 , and 90% of the total Americas' net sales to unaffiliated customers for the nine months ended October 31, 2016 and 2015 . Total long-lived assets in the United States represented 95% of the Americas' total long-lived assets at October 31, 2016 and January 31, 2016 . (2) Operating income in the Americas includes acquisition and integration expenses of $9.5 million and $10.5 million , respectively, for the three and nine months ended October 31, 2016 . Operating income in Europe includes acquisition and integration expenses of $3.5 million and $4.5 million , respectively, for the three and nine months ended October 31, 2016 (see further discussion in Note 3 – Acquisitions ). (3) Operating income in the Americas includes a gain recorded in LCD settlements and other, net, of $4.1 million for the nine months ended October 31, 2016, and $3.0 million and $63.1 million , respectively, for the three and nine months ended October 31, 2015 (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (4) Operating income in Europe for the nine months ended October 31, 2016 includes an increase of $1.5 million in the accrual for assessments and penalties for a VAT matter in the Company's subsidiary in Spain. Operating income in Europe for the three and nine months ended October 31, 2015 includes a net decrease of $9.6 million in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies ).

Subsequent Events (Notes)

Subsequent Events (Notes)	9 Months Ended
	Oct. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 11 — SUBSEQUENT EVENTS On November 2, 2016, the Credit Agreement was amended to (i) increase the borrowing capacity under the revolving credit facility to $1.0 billion , (ii) extend the maturity date to November 2, 2021, and (iii) provide the ability to increase the facility to a maximum of $1.25 billion , subject to certain conditions. The Company pays interest on advances under the Credit Agreement based on LIBOR (or similar interbank offered rates depending on currency draw) plus a predetermined margin that is based on the Company’s debt rating. On November 2, 2016, the Company also entered into a term loan credit agreement with a syndicate of banks (the "Term Loan Credit Agreement") which provides for the borrowing of (i) a tranche of senior unsecured term loans in an original aggregate principal amount of $250 million and maturing three years after the funding date and (ii) a tranche of senior unsecured term loans in an original aggregate principal amount of $750 million and maturing five years after the funding date. The Company pays interest on advances under the Term Loan Credit Agreement at a fixed rate based on LIBOR (or similar interbank offered rates depending on currency draw) plus a predetermined margin that is based on the Company’s debt rating. There are no balances outstanding under the Term Loan Credit Agreement as the funding date for the term loans is immediately prior to the occurrence of the planned acquisition of TS. As of November 2, 2016, the $3.1 billion debt commitment letter discussed in Note 3 – Acquisitions was reduced to $1.3 billion as a result of executing the amendment to the Credit Agreement, the Term Loan Credit Agreement and the satisfaction of certain other conditions.

Business And Summary Of Signi18

Business And Summary Of Significant Accounting Policies (Policy)	9 Months Ended
	Oct. 31, 2016
Accounting Policies [Abstract]
Nature of Operations	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	The consolidated financial statements include the accounts of Tech Data and its controlled 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	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 October 31, 2016 , its consolidated statements of income and comprehensive income for the three and nine months ended October 31, 2016 and 2015 , and its consolidated cash flows for the nine months ended October 31, 2016 and 2015 .
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. Therefore, the results of operations for the three and nine months ended October 31, 2016 are not necessarily indicative of the results that can be expected for the entire fiscal year ended January 31, 2017 .
Business Combinations Policy [Policy Text Block]	Acquisition and integration expenses Acquisition and integration expenses are primarily comprised of transaction costs, professional fees and personnel costs, including due diligence and integration activities, related to the planned acquisition of the Technology Solutions business of Avnet Inc. (see Note 3 – Acquisitions for further discussion).
Gain (Loss) Related to Litigation Settlement	The Company has been a claimant in proceedings seeking damages primarily from certain manufacturers of LCD flat panel and cathode ray tube displays. The Company reached settlement agreements with certain manufacturers during the periods presented and has recorded these amounts, net of estimated attorney fees and expenses, in "LCD settlements and other, net" in the Consolidated Statement of Income.
Accounts Receivable Purchase Facility Program, Policy	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 October 31, 2016 and January 31, 2016 , the Company had a total of $527.9 million and $554.2 million , respectively, of accounts receivable sold to and held by financial institutions under these agreements. During the three months ended October 31, 2016 and 2015 , discount fees recorded under these facilities were $1.6 million and $0.9 million , respectively, and during the nine months ended October 31, 2016 and 2015 , discount fees recorded under these facilities were $4.3 million and $2.9 million , respectively. These discount fees are included as a component of "other expense (income), net" in the Consolidated Statement of Income.
Accounting Changes	The Company tests goodwill for impairment annually at the reporting unit level, or more frequently if current events and circumstances indicate a possible impairment. During the second quarter of fiscal year 2017, the Company elected to change the timing of its annual goodwill impairment testing from January 31st to November 1st. This accounting change is considered to be preferable because it allows the Company additional time to complete the annual goodwill impairment test. This change does not represent a material change to the method of applying an accounting principle, nor does this change result in adjustments to previously issued financial statements. The Company has concluded that it is impracticable to objectively determine projected cash flows and related valuation estimates that would have been used as of each November 1st of prior reporting periods. As a result, the Company will prospectively apply the change in the annual goodwill impairment testing date beginning November 1, 2016. This change in testing date did not delay, accelerate, or avoid a goodwill impairment charge.
Recently Adopted Accounting Standards	In April 2015, the Financial Accounting Standards Board ("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 Company adopted this standard during the quarter ended April 30, 2016. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued an accounting standard which modifies how companies account for certain aspects of stock-based payments to employees. The new standard revises the accounting treatment for excess tax benefits, statutory income tax withholding requirements, and forfeitures related to stock-based awards. The standard is effective for annual periods beginning after December 15, 2016; however, early adoption is permitted. The Company early adopted this standard during the quarter ended April 30, 2016. The Company has elected to continue to estimate the number of stock-based awards expected to vest, as permitted by the new standard, rather than electing to account for forfeitures as they occur. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements; however, as a result of the adoption of this standard, the classification of certain amounts in the Consolidated Statement of Cash Flows for the nine months ended October 31, 2015 was retrospectively adjusted.
New Accounting Pronouncements, Policy	In May 2014, the FASB issued an accounting standard which will supersede all existing revenue recognition guidance under current GAAP. In March, April and May 2016, the FASB issued three additional accounting standard updates which provide supplemental adoption guidance and clarification to the May 2014 accounting standard update. The new standards require the recognition of revenue to depict the transfer of promised goods or services in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. The standards 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 these new standards may have on its consolidated financial statements. In July 2015, the FASB issued a new accounting standard that simplifies the subsequent measurement of inventory. Under the new standard, the cost of inventory will be compared to the net realizable value (NRV). Net realizable value is defined as the estimated selling prices in the ordinary course of business less reasonably predictable costs of completion, disposal and transportation. The standard should be applied prospectively and will be effective for the Company beginning with the quarter ending April 30, 2017. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In February 2016, the FASB issued an accounting standard which requires the recognition of assets and liabilities arising from lease transactions on the balance sheet and the disclosure of additional information about leasing arrangements. Under the new guidance, for all leases, interest expense and amortization of the right to use asset will be recorded for leases determined to be financing leases and straight-line lease expense will be recorded for leases determined to be operating leases. Lessees will initially recognize assets for the right to use the leased assets and liabilities for the obligations created by those leases. The new accounting standard must be adopted using a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The accounting standard is effective for the Company beginning with the quarter ended April 30, 2019, with early adoption permitted. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial statements. In June 2016, the FASB issued an accounting standard which revises the methodology for measuring credit losses on financial instruments and the timing of the recognition of those losses. Under the new standard, financial assets measured at an amortized cost basis are to be presented net of the amount not expected to be collected via an allowance for credit losses. Estimated credit losses are to be based on historical information adjusted for management's expectation that current conditions and supportable forecasts differ from historical experience. The accounting standard is effective for the Company beginning with the quarter ending April 30, 2020, with early adoption permitted. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial statements. In August 2016, the FASB issued a new accounting standard that addresses how certain cash receipts and cash payments are presented and classified on the statement of cash flows. The accounting standard is effective for the Company beginning with the quarter ending April 30, 2018, with early adoption permitted. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In October 2016, the FASB issued a new accounting standard that revises the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. The accounting standard is effective for the Company beginning with the quarter ending April 30, 2018, with early adoption permitted. The Company is currently in the process of assessing what impact this new standard may have on its consolidated financial statements.
Reclassification, Policy	Certain reclassifications have been made to prior period amounts to conform to the current period presentation. These reclassifications did not have a material impact on previously reported amounts.

Earnings Per Share Details (Tab

Earnings Per Share Details (Tables)	9 Months Ended
	Oct. 31, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The composition of basic and diluted EPS is as follows: Three months ended October 31, Nine months ended October 31, 2016 2015 2016 2015 (in thousands, except per share data) Net income $ 36,506 $ 41,900 $ 116,273 $ 169,589 Weighted average common shares - basic 35,218 35,214 35,184 36,174 Effect of dilutive securities: Equity based awards 231 183 209 180 Weighted average common shares - diluted 35,449 35,397 35,393 36,354 Earnings per share: Basic $ 1.04 $ 1.19 $ 3.30 $ 4.69 Diluted $ 1.03 $ 1.18 $ 3.29 $ 4.66 For the three and nine months ended October 31, 2016 , there were 844 and 1,454 shares, respectively, excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the three and nine months ended October 31, 2015 , there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Acquisitions Expenses (Tables)

Acquisitions Expenses (Tables)	9 Months Ended
	Oct. 31, 2016
Business Acquisition
Acquisition and integration expenses [Table Text Block]	Acquisition and integration expenses in the accompanying Consolidated Statements of Income for the three and nine months ended October 31, 2016 are comprised of the following (in thousands): Three months ended Nine months ended October 31, 2016 October 31, 2016 Transaction related costs $ 8,535 $ 9,190 Professional services 3,978 5,305 Other 502 502 Total $ 13,015 $ 14,997

Debt (Tables)

Debt (Tables)	9 Months Ended
	Oct. 31, 2016
Debt [Abstract]
Schedule of Debt [Table Text Block]	The carrying value of the Company's outstanding debt consists of the following (in thousands): As of: October 31, 2016 January 31, 2016 Senior Notes, interest at 3.75% payable semi-annually, due September 21, 2017 $ 350,000 $ 350,000 Less—unamortized debt discount and debt issuance costs (766 ) (1,392 ) Senior Notes, net 349,234 348,608 Other committed and uncommitted revolving credit facilities, average interest rate of 7.50% and 5.26% at October 31, 2016 and January 31, 2016, respectively 16,183 18,063 365,417 366,671 Less—current maturities (included as “revolving credit loans and current maturities of long-term debt, net”) (365,417 ) (18,063 ) Total long-term debt $ — $ 348,608

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2016
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 nine months ended October 31, 2016 is as follows: Shares Nonvested at January 31, 2016 496,329 Granted (a) 236,311 Vested (184,277 ) Canceled (17,969 ) Nonvested at October 31, 2016 530,394 (a) Includes 18,563 shares of performance-based restricted stock units, which assumes maximum achievement.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Oct. 31, 2016
Shareholders Equity [Abstract]
Class of Treasury Stock	The Company’s common share issuance activity for the nine months ended October 31, 2016 is summarized as follows: Shares Weighted-average Treasury stock balance at January 31, 2016 24,163,402 $ 44.59 Shares of treasury stock reissued (138,961 ) Treasury stock balance at October 31, 2016 24,024,441 $ 44.59 There were no common shares repurchased by the Company during the nine months ended October 31, 2016 . The reissuance of shares from treasury stock is based on the weighted average purchase price of the shares.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 31, 2016
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 (in thousands): October 31, 2016 January 31, 2016 Fair value measurement category Fair value measurement category Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 ASSETS Foreign currency forward contracts $ 5,144 $ 3,412 LIABILITIES Foreign currency forward contracts $ 1,911 $ 2,274

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 31, 2016
Segment Reporting Information
Schedule of Segment Reporting Information, by Segment	Financial information by geographic segment is as follows (in thousands): Three months ended October 31, Nine months ended October 31, 2016 2015 2016 2015 Net sales to unaffiliated customers: Americas (1) $ 2,614,347 $ 2,572,751 $ 7,677,237 $ 7,657,440 Europe 3,875,918 3,855,789 11,130,129 11,238,722 Total $ 6,490,265 $ 6,428,540 $ 18,807,366 $ 18,896,162 Operating income: Americas (2) (3) $ 32,414 $ 38,857 $ 104,930 $ 161,968 Europe (2) (4) 34,008 32,817 94,875 105,657 Stock-based compensation expense (3,550 ) (3,621 ) (11,020 ) (11,399 ) Total $ 62,872 $ 68,053 $ 188,785 $ 256,226 Depreciation and amortization: Americas $ 4,323 $ 4,884 $ 14,118 $ 13,397 Europe 8,805 9,463 27,105 29,121 Total $ 13,128 $ 14,347 $ 41,223 $ 42,518 Capital expenditures: Americas $ 4,004 $ 4,046 $ 15,489 $ 12,132 Europe 4,564 4,135 15,414 11,045 Total $ 8,568 $ 8,181 $ 30,903 $ 23,177 As of: October 31, 2016 January 31, 2016 Identifiable assets: Americas $ 2,302,283 $ 2,078,443 Europe 4,160,381 4,279,845 Total $ 6,462,664 $ 6,358,288 Long-lived assets: Americas (1) $ 34,805 $ 29,402 Europe 37,895 36,626 Total $ 72,700 $ 66,028 Goodwill & acquisition-related intangible assets, net: Americas $ 33,874 $ 35,615 Europe 249,977 274,401 Total $ 283,851 $ 310,016 (1) Net sales to unaffiliated customers in the United States represented 91% of the total Americas' net sales to unaffiliated customers for the three months ended October 31, 2016 and 2015 , and 90% of the total Americas' net sales to unaffiliated customers for the nine months ended October 31, 2016 and 2015 . Total long-lived assets in the United States represented 95% of the Americas' total long-lived assets at October 31, 2016 and January 31, 2016 . (2) Operating income in the Americas includes acquisition and integration expenses of $9.5 million and $10.5 million , respectively, for the three and nine months ended October 31, 2016 . Operating income in Europe includes acquisition and integration expenses of $3.5 million and $4.5 million , respectively, for the three and nine months ended October 31, 2016 (see further discussion in Note 3 – Acquisitions ). (3) Operating income in the Americas includes a gain recorded in LCD settlements and other, net, of $4.1 million for the nine months ended October 31, 2016, and $3.0 million and $63.1 million , respectively, for the three and nine months ended October 31, 2015 (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies ). (4) Operating income in Europe for the nine months ended October 31, 2016 includes an increase of $1.5 million in the accrual for assessments and penalties for a VAT matter in the Company's subsidiary in Spain. Operating income in Europe for the three and nine months ended October 31, 2015 includes a net decrease of $9.6 million in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies ).

Business And Summary Of Signi26

Business And Summary Of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Jan. 31, 2016
Accounting Policies [Abstract]
Accounts receivable sold	$ 527.9		$ 527.9		$ 554.2
Discount fees on sale of accounts receivable	$ 1.6	$ 0.9	$ 4.3	$ 2.9

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Earnings Per Share [Abstract]
Net income		$ 36,506	$ 41,900	$ 116,273	$ 169,589
Weighted average common shares - basic		35,218,000	35,214,000	35,184,000	36,174,000
Equity based awards	[1]	231,000	183,000	209,000	180,000
Weighted average common shares - diluted		35,449,000	35,397,000	35,393,000	36,354,000
Basic		$ 1.04	$ 1.19	$ 3.30	$ 4.69
Diluted		$ 1.03	$ 1.18	$ 3.29	$ 4.66
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		844	0	1,454	0
[1]	For the three and nine months ended October 31, 2016, there were 844 and 1,454 shares, respectively, excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the three and nine months ended October 31, 2015, there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Acquisitions (Proposed Acquisit

Acquisitions (Proposed Acquisition - TS) (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Sep. 19, 2016
Business Acquisition
Payments of Merger Related Costs, Financing Activities	$ 14,988	$ 0
TS
Business Acquisition
Payments of Merger Related Costs, Financing Activities	15,000
Business Acquisition, Cost of Acquired Entity, Expected Purchase Price			$ 2,400,000
Business Acquisition, Expected Equity Interest Issue, Number of Shares			2,785,402
Debt Instrument Unused Commitment	$ 3,100,000		$ 3,100,000

Acquisitions (Expenses)(Details

Acquisitions (Expenses)(Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Acquisition and integration expenses
Acquisition-related financing expenses	$ 3,400		$ 3,400
Acquisition and integration expenses	13,015	$ 0	14,997	$ 0
Transaction Related Costs | TS
Acquisition and integration expenses
Acquisition and integration expenses	8,535		9,190
Professional Services | TS
Acquisition and integration expenses
Acquisition and integration expenses	3,978		5,305
Other Expense | TS
Acquisition and integration expenses
Acquisition and integration expenses	$ 502		$ 502

Debt (Components of Debt) (Deta

Debt (Components of Debt) (Details) - USD ($)	Oct. 31, 2016	Jan. 31, 2016	Sep. 30, 2012
Debt Instrument
Debt and Capital Lease Obligations	$ 365,417,000	$ 366,671,000
Revolving credit loans and current maturities of long-term debt, net	365,417,000	18,063,000
Long-term debt	0	348,608,000
Senior notes
Debt Instrument
Debt, face value	350,000,000	350,000,000	$ 350,000,000
Unamortized debt discount and debt issuance costs	766,000	1,392,000
Senior Notes	349,234,000	348,608,000
Other committed and uncommitted revolving credit facilities
Debt Instrument
Revolving credit loan	$ 16,183,000	$ 18,063,000

Debt (Senior Notes) (Details)

Debt (Senior Notes) (Details) - Senior notes - USD ($)	1 Months Ended
	Sep. 30, 2012	Oct. 31, 2016	Jan. 31, 2016
Debt Instrument
Debt, face value	$ 350,000,000	$ 350,000,000	$ 350,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Proceeds from issuance of long-term debt	$ 345,800,000
Debt instrument, unamortized discount	1,300,000
Payments of Debt Issuance Costs	$ 2,900,000
Debt redemption price as a percent of principal amount	100.00%
Discount rate, basis spread on treasury rate	0.50%

Debt (Other Facilities) (Detail

Debt (Other Facilities) (Details) - USD ($)	Oct. 31, 2016	Jan. 31, 2016
Line of Credit Facility
Accounts Receivable, Net, Current	$ 2,866,028,000	$ 2,995,114,000
Line of Credit, Current	16,200,000
Standby Letters Of Credit	29,700,000
Line of Credit Facility, Current Borrowing Capacity	918,300,000
Revolving Credit Facility
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	500,000,000
Line Of Credit Facility Possible Future Increase To Maximum Borrowing Capacity	750,000,000
Credit Agreement, amount outstanding	0	0
Receivables securitization program
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	400,000,000
Accounts Receivable, Net, Current	764,200,000	721,100,000
Line of Credit, Amount Outstanding	0	0
Other committed and uncommitted revolving credit facilities
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	232,300,000
Line of Credit, Current	$ 16,200,000	$ 18,100,000
Line of Credit Facility, Interest Rate at Period End	7.50%	5.26%

Stock-Based Compensation Narrat

Stock-Based Compensation Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Stock-Based Compensation [Abstract]
Share-based Compensation	$ 3,550	$ 3,621	$ 11,020	$ 11,399
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2,200,000		2,200,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	4,000,000		4,000,000

Stock-Based Compensation RSU (D

Stock-Based Compensation RSU (Details)	9 Months Ended
	Oct. 31, 2016shares
Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Award Vesting Period	3 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Award Vesting Period	1 year
Restricted Stock Units (RSUs)
Stock-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares
Nonvested at January 31, 2016	496,329
Granted	236,311	[1]
Vested	(184,277)
Canceled	(17,969)
Nonvested at October 31, 2016	530,394
Performance-based Restricted Stock Units (RSUs)
Stock-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares
Granted	18,563
[1]	Includes 18,563 shares of performance-based restricted stock units, which assumes maximum achievement.

Shareholders' Equity Company's

Shareholders' Equity Company's Common Share Repurchase and Issuance Activity (Details) - $ / shares	9 Months Ended
	Oct. 31, 2016	Jan. 31, 2016
Increase (Decrease) in Treasury Stock [Roll Forward]
Treasury stock balance at January 31, 2016	24,163,402
Treasury Stock, Shares, Acquired	0
Stock Issued During Period, Shares, Treasury Stock Reissued	(138,961)
Treasury stock balance at October 31, 2016	24,024,441
Treasury Stock Held, Average Cost Per Share	$ 44.59	$ 44.59

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Oct. 31, 2016	Jan. 31, 2016	Sep. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Life Insurance, Corporate or Bank Owned, Amount	$ 34,300,000	$ 30,200,000
Deferred Compensation Liability, Current and Noncurrent	34,400,000	30,500,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Foreign currency forward contracts - Assets	5,144,000	3,412,000
Foreign currency forward contracts - Liabilities	1,911,000	2,274,000
Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt Instrument, Face Amount	350,000,000	350,000,000	$ 350,000,000
Debt Instrument, Interest Rate, Stated Percentage			3.75%
Senior notes | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt Instrument, Fair Value Disclosure	$ 355,600,000	$ 359,600,000

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net foreign currency exchange gain (loss)	$ (1.2)	$ 4.9	$ (2)	$ 2.9
Notional amount of derivative financial instruments outstanding	$ 700	$ 500	$ 600	$ 500
Average maturities of derivatives, days	33 days	24 days	32 days	31 days

Commitments and Contingencies38

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Jan. 31, 2016
Loss Contingencies
Value added tax assessments	$ 0	$ 0	$ 1,049	$ (9,563)
Europe
Loss Contingencies
Value added tax assessments			1,500	(9,563)
Europe | Spain
Loss Contingencies
Loss Contingency Accrual	7,300		7,300
Loss Contingency Accrual, Payments		$ 12,300
Europe | Spain | Value added tax assessments
Loss Contingencies
Loss Contingency Accrual, Period Increase (Decrease)			1,500	(16,400)
Europe | Spain | Interest Expense
Loss Contingencies
Loss Contingency Accrual, Period Increase (Decrease)			1,100	(9,000)
Europe | Spain | Accrued Liabilities
Loss Contingencies
Loss Contingency Accrual, Period Increase (Decrease)			2,600	(25,400)
Europe | European Subsidiary
Loss Contingencies
Value added tax assessments				$ 6,806
Americas | Brazil
Loss Contingencies
Loss Contingency, Estimate of Possible Loss	22,500		22,500
Synthetic Lease
Loss Contingencies
Residual Value Guarantee, Aggregate Amount	133,800		133,800
Operating Leases, Future Minimum Payments Due	2,900		2,900
Financial Guarantee
Loss Contingencies
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 3,700		$ 3,700		$ 4,600

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Oct. 31, 2016		Oct. 31, 2015		Oct. 31, 2016		Oct. 31, 2015		Jan. 31, 2016
Segment Reporting Information
Net sales to unaffiliated customers:		$ 6,490,265		$ 6,428,540		$ 18,807,366		$ 18,896,162
Operating income:		62,872		68,053		188,785		256,226
Stock-based compensation expense		(3,550)		(3,621)		(11,020)		(11,399)
Depreciation and amortization:		13,128		14,347		41,223		42,518
Capital expenditures:		8,568		8,181		30,903		23,177
Identifiable assets:		6,462,664				6,462,664				$ 6,358,288
Long-lived assets:		72,700				72,700				66,028
Goodwill & acquisition-related intangible assets, net:		283,851				283,851				310,016
Acquisition and integration expenses		13,015		0		14,997		0
Gain (Loss) Related to Litigation Settlement		0		3,049		4,142		63,087
Value added tax assessments		0		0		1,049		(9,563)
Americas
Segment Reporting Information
Net sales to unaffiliated customers:	[1]	2,614,347		2,572,751		7,677,237		7,657,440
Operating income:		32,414	[2]	38,857	[3]	104,930	[2],[3]	161,968	[3]
Depreciation and amortization:		$ 4,323		$ 4,884		$ 14,118		$ 13,397
Sales to unaffiliated customers, as percentage of total sales		91.00%		91.00%		90.00%		90.00%
Capital expenditures:		$ 4,004		$ 4,046		$ 15,489		$ 12,132
Identifiable assets:		2,302,283				2,302,283				2,078,443
Long-lived assets:	[1]	34,805				34,805				29,402
Goodwill & acquisition-related intangible assets, net:		$ 33,874				$ 33,874				$ 35,615
Long-lived assets, as percentage of total assets		95.00%				95.00%				95.00%
Acquisition and integration expenses		$ 9,500				$ 10,500
Gain (Loss) Related to Litigation Settlement				3,049		4,142		63,087
Europe
Segment Reporting Information
Net sales to unaffiliated customers:		3,875,918		3,855,789		11,130,129		11,238,722
Operating income:	[4]	34,008		32,817		94,875		105,657
Depreciation and amortization:		8,805		9,463		27,105		29,121
Capital expenditures:		4,564		$ 4,135		15,414		11,045
Identifiable assets:		4,160,381				4,160,381				$ 4,279,845
Long-lived assets:		37,895				37,895				36,626
Goodwill & acquisition-related intangible assets, net:		249,977				249,977				$ 274,401
Acquisition and integration expenses		$ 3,500				4,500
Value added tax assessments						$ 1,500		$ (9,563)
[1]	Net sales to unaffiliated customers in the United States represented 91% of the total Americas' net sales to unaffiliated customers for the three months ended October 31, 2016 and 2015, and 90% of the total Americas' net sales to unaffiliated customers for the nine months ended October 31, 2016 and 2015. Total long-lived assets in the United States represented 95% of the Americas' total long-lived assets at October 31, 2016 and January 31, 2016.
[2]	Operating income in the Americas includes acquisition and integration expenses of $9.5 million and $10.5 million, respectively, for the three and nine months ended October 31, 2016. Operating income in Europe includes acquisition and integration expenses of $3.5 million and $4.5 million, respectively, for the three and nine months ended October 31, 2016 (see further discussion in Note 3 – Acquisitions).
[3]	Operating income in the Americas includes a gain recorded in LCD settlements and other, net, of $4.1 million for the nine months ended October 31, 2016, and $3.0 million and $63.1 million, respectively, for the three and nine months ended October 31, 2015 (see further discussion in Note 1 – Business and Summary of Significant Accounting Policies).
[4]	Operating income in Europe for the nine months ended October 31, 2016 includes an increase of $1.5 million in the accrual for assessments and penalties for a VAT matter in the Company's subsidiary in Spain. Operating income in Europe for the three and nine months ended October 31, 2015 includes a net decrease of $9.6 million in the accrual for assessments and penalties for various VAT matters in two European subsidiaries (see further discussion in Note 9 – Commitments & Contingencies).

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Nov. 02, 2016	Oct. 31, 2016	Sep. 19, 2016
Credit agreement | Other credit facilities
Subsequent event
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000
Line Of Credit Facility Possible Future Increase To Maximum Borrowing Capacity	1,250
Term loan credit agreement | 3 year maturity | Other credit facilities
Subsequent event
Debt, face value	250
Term loan credit agreement | 5 year maturity | Other credit facilities
Subsequent event
Debt, face value	750
TS
Subsequent event
Senior unsecured bridge loan facility		$ 3,100	$ 3,100
TS | Other credit facilities
Subsequent event
Senior unsecured bridge loan facility	$ 1,300