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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2018
Oct. 31, 2017
Income Statement [Abstract]        
Net sales $ 1,072,982 $ 1,024,993 [1] $ 2,309,423 $ 2,092,040 [1]
Cost of goods sold 690,882 633,897 [2] 1,461,252 1,296,239 [2]
Gross profit 382,100 391,096 848,171 795,801
Selling, general and administrative expenses 232,052 242,740 632,983 636,000
Depreciation and amortization 10,033 6,906 28,868 27,480
Operating profit 140,015 141,450 186,320 132,321
Other income (loss) 176 (2,072) (303) (2,935)
Interest and financing charges, net (12,323) (11,431) (32,153) (31,266)
Income before income taxes 127,868 127,947 153,864 98,120
Income tax expense 33,843 46,322 39,877 35,454
Net income $ 94,025 $ 81,625 $ 113,987 $ 62,666
Basic:        
Net income per common share (in dollars per share) $ 1.91 $ 1.67 $ 2.32 $ 1.29
Weighted average number of shares outstanding (in shares) 49,231 48,846 49,176 48,729
Diluted:        
Net income per common share (in dollars per share) $ 1.86 $ 1.65 $ 2.26 $ 1.27
Weighted average number of shares outstanding (in shares) 50,494 49,528 50,345 49,410
Net income $ 94,025 $ 81,625 $ 113,987 $ 62,666
Other comprehensive income:        
Foreign currency translation adjustments (1,979) 4,182 (10,044) 12,223
Other comprehensive income (loss) (1,979) 4,182 (10,044) 12,223
Comprehensive income $ 92,046 $ 85,807 $ 103,943 $ 74,889
[1] Certain reclassifications have been made between the wholesale operations segment and the elimination column as a result of sales eliminations within the wholesale operations segment being misclassified as inter-segment eliminations.
[2] Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other income.