Year ended January 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(As restated) | (As restated) | ||||||||||
(In thousands) | |||||||||||
Net sales to unaffiliated customers | |||||||||||
Americas (1) | $ | 9,823,515 | $ | 10,405,428 | $ | 10,096,732 | |||||
Europe | 15,534,814 | 15,241,885 | 13,523,206 | ||||||||
Total | $ | 25,358,329 | $ | 25,647,313 | $ | 23,619,938 | |||||
Operating income | |||||||||||
Americas (2) | $ | 150,055 | $ | 173,978 | $ | 178,043 | |||||
Europe (3) | 127,281 | 142,562 | 153,718 | ||||||||
Stock-based compensation expense | (13,616 | ) | (11,994 | ) | (10,353 | ) | |||||
Total | $ | 263,720 | $ | 304,546 | $ | 321,408 | |||||
Depreciation and amortization | |||||||||||
Americas | $ | 16,210 | $ | 16,338 | $ | 16,200 | |||||
Europe | 42,143 | 40,994 | 31,085 | ||||||||
Total | $ | 58,353 | $ | 57,332 | $ | 47,285 | |||||
Capital expenditures | |||||||||||
Americas | $ | 19,842 | $ | 29,240 | $ | 17,216 | |||||
Europe | 18,523 | 15,319 | 13,584 | ||||||||
Total | $ | 38,365 | $ | 44,559 | $ | 30,800 |
As of | ||||||||
January 31, 2013 | January 31, 2012 | |||||||
(As restated) | ||||||||
(In thousands) | ||||||||
Identifiable assets: | ||||||||
Americas (1) | $ | 2,004,295 | $ | 1,892,256 | ||||
Europe | 4,826,665 | 3,904,012 | ||||||
Total | $ | 6,830,960 | $ | 5,796,268 | ||||
Long-lived assets: | ||||||||
Americas | $ | 30,492 | $ | 33,103 | ||||
Europe | 53,903 | 55,778 | ||||||
Total | $ | 84,395 | $ | 88,881 | ||||
Goodwill & acquisition-related intangible assets, net: | ||||||||
Americas | $ | 2,966 | $ | 2,966 | ||||
Europe (4) | 409,534 | 149,927 | ||||||
Total | $ | 412,500 | $ | 152,893 |
(1) | Net sales to unaffiliated customers in the United States represented 85%, 83% and 82%, respectively, of the total Americas' net sales to unaffiliated customers for the fiscal years ended January 31, 2013, 2012 and 2011, respectively. Total assets excluding goodwill, intangible assets and investments in subsidiaries in the United States represented 78% of the Americas total assets at both January 31, 2013 and 2012. |
(2) | 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 7 - Loss on Disposal of Subsidiaries). |
(3) | Operating income in Europe for the fiscal year ended January 31, 2013 includes a value added tax assessment of $29.5 million in relation to an assessment and penalties for various value added tax matters in one of the Company’s subsidiaries in Spain (see further discussion in Note 14 - Commitments and Contingencies). |
(4) | During fiscal 2013, the Company completed the acquisition of SDG (see further discussion in Note 5 - Goodwill and Intangible Assets and Note 6 - Acquisitions). |