Revenue Recognition (Tables)

9 Months Ended

Oct. 31, 2018

ASU 2014-09

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of impact of adopting ASC 606

	October 31, 2018
	(Inthousands)
	As Reported		Without Adoption of ASC 606		Impactof Adoption of ASC 606
Assets
Accounts receivable	$	819,636	$	646,333	$	173,303
Inventories		616,162		653,664		(37,502)
Prepaid expenses and other current assets		82,933		48,991		33,942
Deferred income tax assets, net		28,336		11,792		16,544
Liabilities
Accrued expenses		137,878		136,627		1,251
Customer refund liabilities		235,400		—		235,400
Equity
Retained earnings		734,800		785,164		(50,364)

	For the three months ended October 31, 2018
	(In thousands, except per share amounts)
	As Reported		Without Adoption of ASC 606		Impact of  Adoption of ASC 606
Net sales	$	1,072,982	$	1,081,879	$	(8,897)
Cost of goods sold		690,882		690,367		515
Selling, general and administrative expenses		232,052		240,916		(8,864)
Operating profit		140,015		140,563		(548)
Income tax expense		33,843		34,039		(196)
Net income		94,025		94,377		(352)
Net income per common share
Basic		1.91		1.92		(0.01)
Diluted		1.86		1.87		(0.01)

	For the nine months ended October 31, 2018
	(In thousands, except per share amounts)
	As Reported		Without Adoption of ASC 606		Impact of Adoption of ASC 606
Net sales	$	2,309,423	$	2,322,675	$	(13,252)
Cost of goods sold		1,461,252		1,458,494		2,758
Selling, general and administrative expenses		632,983		653,602		(20,619)
Operating profit		186,320		181,711		4,609
Income tax expense		39,877		38,632		1,245
Net income		113,987		110,623		3,364
Net income per common share
Basic		2.32		2.25		0.07
Diluted		2.26		2.20		0.06