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Table of Contents
Financial information by geographic segment is as follows:
Year ended January 31,
2014
2013
2012
(In thousands)
Net sales to unaffiliated customers
Americas
(1)
$
10,188,618
$
9,823,515
$
10,405,428
Europe
16,633,286
15,534,814
15,241,885
Total
$
26,821,904
$
25,358,329
$
25,647,313
Operating income
Americas
(2) (3)
$
156,143
$
150,055
$
173,978
Europe
(4) (5)
80,228
127,281
142,562
Stock-based compensation expense
(8,858
)
(13,616
)
(11,994
)
Total
$
227,513
$
263,720
$
304,546
Depreciation and amortization
Americas
$
16,763
$
16,210
$
16,338
Europe
56,216
42,143
40,994
Total
$
72,979
$
58,353
$
57,332
Capital expenditures
Americas
$
9,530
$
19,842
$
29,240
Europe
19,339
18,523
15,319
Total
$
28,869
$
38,365
$
44,559
As of
January 31, 2014
January 31, 2013
(In thousands)
Identifiable assets:
Americas
$
1,984,895
$
2,004,295
Europe
5,184,771
4,826,665
Total
$
7,169,666
$
6,830,960
Long-lived assets:
Americas
(1)
$
28,091
$
30,492
Europe
49,540
53,903
Total
$
77,631
$
84,395
Goodwill & acquisition-related intangible assets, net:
Americas
$
8,936
$
2,966
Europe
386,919
409,534
Total
$
395,855
$
412,500
(1)
Net sales to unaffiliated customers in the United States represented
86% , 85% and 83% , respectively, of the total Americas' net sales to unaffiliated customers for the fiscal
years ended January 31, 2014, 2013 and 2012, respectively. Total long-lived assets excluding goodwill, intangible assets and investments in subsidiaries in the United States
represented 90% of the Americas' total long-lived assets at both January 31, 2014 and 2013.
(2)
Operating income in the Americas for the fiscal year ended January 31, 2014 includes a gain associated with legal settlements of $35.5 million and restatement-related
expenses of $13.2 million . See Note 1 - Business and Summary of Significant Accounting Policies.
(3) During fiscal 2012, the Company incurred a $28.3 million
loss on disposal of subsidiaries related to the closure of the operations in Brazil and Colombia (see further discussion
in Note 6 - Loss on Disposal of Subsidiaries).
(4)
Operating income in Europe for the fiscal year ended January 31, 2014 includes $40.6 million of restatement-
related expenses.
(5)
Operating income in Europe for the fiscal year ended January 31, 2013 includes a VAT assessment of $29.5 million in relation to an assessment and penalties for various VAT