Income Taxes (Tables)

12 Months Ended

Jan. 31, 2016

Income Taxes

Components of Earnings Before Incomes Taxes

	Year Ended						Month Ended
	January 31, 2016		December 31, 2014		December 31, 2013		January 31, 2015
(Loss) earnings before income taxes
United States	$	(624.4)	$	210.9	$	197.5	$	11.3
Foreign		10.3		32.9		42.0		0.1
(Loss) earnings before income taxes	$	(614.1)	$	243.8	$	239.5	$	11.4

Components of Income Tax Expense

	Year Ended						Month Ended
	January 31, 2016		December 31, 2014		December 31, 2013		January 31, 2015
Current:
Federal	$	0.7	$	75.4	$	41.1	$	3.5
State		(1.5)		8.5		5.8		0.4
Foreign		3.8		29.0		10.3		0.8
		3.0		112.9		57.2		4.7
Deferred:
Federal		(213.3)		42.8		28.9		—
State		(17.4)		3.5		2.4		—
Foreign		(0.6)		(3.5)		0.6		(0.4)
		(231.3)		42.8		31.9		(0.4)
Total income tax (benefit) expense	$	(228.3)	$	155.7	$	89.1	$	4.3

Difference Between Income Tax Expense and Amount Computed by Applying Statutory United States Federal Income Tax Rate to Pre-Tax Earnings

	Year Ended						Month Ended
	January 31, 2016		December 31, 2014		December 31, 2013		January 31, 2015
Statutory federal income tax (benefit) expense	$	(214.9)	$	85.3	$	83.7	$	4.0
U.S. state income taxes		(17.8)		6.0		5.9		0.3
Foreign tax rate differential		2.8		(3.7)		(4.7)		0.8
Non-deductible charges/losses and other		1.6		0.8		4.2		(0.8)
Exit taxes		—		67.3		—		—
	$	(228.3)	$	155.7	$	89.1	$	4.3

Tax Effects of Temporary Differences and Carryforwards that Give Rise to Deferred Income Tax Assets and Liabilities

	January 31, 2016		January 31, 2015
Deferred tax assets:
Inventory reserves	$	15.4	$	12.8
Accrued liabilities		15.7		11.7
Intangible Assets		84.2		—
Net operating loss carryforward		59.5		24.8
Inventory capitalization		10.7		10.5
Other		5.2		10.4
	$	190.7	$	70.2
Deferred tax liabilities:
Intangible assets		(16.1)		(72.9)
Depreciation		(5.5)		(57.2)
		(21.6)		(130.1)
Net deferred tax asset (liability) before valuation allowance		169.1		(59.9)
Valuation allowance		(21.9)		(24.8)
Net deferred tax liability	$	147.2	$	(84.7)

Reconciliation of Beginning and Ending Amounts of Gross Uncertain Tax Positions

	January 31, 2016		January 31, 2015		December 31, 2014
Unrecognized tax benefit at beginning of period	$	9.4	$	10.1	$	1.7
Additions for current year tax positions		—		—		8.6
Currency fluctuations		(0.4)		(0.7)		(0.2)
Unrecognized tax benefit at end of period	$	9.0	$	9.4	$	10.1