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Accounts receivable (Tables) | 6 Months Ended
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Aug. 04, 2018
Receivables [Abstract] |
Accounts Receivable By Portfolio Segment |
(in millions) | August 4, 2018 |  | February 3, 2018 |  | July 29, 2017
Accounts receivable by portfolio segment, net: |  |  |  |  |
Legacy Sterling Jewelers customer in-house finance receivables | $ | — |  |  | $ | 649.4 |  |  | $ | 622.6 |
Legacy Zale customer in-house finance receivables | $ | — |  |  | 33.5 |  |  | 34.0 |
North America customer in-house finance receivables | $ | — |  |  | $ | 682.9 |  |  | $ | 656.6 |
Other accounts receivable | 6.5 |  |  | 9.6 |  |  | 7.9 |
Total accounts receivable, net | $ | 6.5 |  |  | $ | 692.5 |  |  | $ | 664.5 |
Accounts receivable, held for sale | $ | 4.6 |  |  | $ | — |  |  | $ | 1,055.6 |
Allowance for Credit Losses on US Customer In-House Finance Receivables | The activity in the allowance for credit losses on Sterling Jewelers customer in-house finance receivables is shown below:
| 26 weeks ended
(in millions) | August 4, 2018 | (1) | July 29, 2017
Beginning balance | $ | (113.5 | ) |  | $ | (138.7 | )
Charge-offs, net | 56.3 |  |  | 103.9 |
Recoveries | 4.2 |  |  | 17.8 |
Provision | (54.6 | ) |  | (118.0 | )
Reversal of allowance on receivables previously held for sale | 107.6 |  |  | 20.7 |
Ending balance | $ | — |  |  | $ | (114.3 | )
Ending receivable balance evaluated for impairment | — |  |  | 736.9 |
Sterling Jewelers customer in-house finance receivables, net | $ | — |  |  | $ | 622.6 |
(1) | Amounts reflected for Fiscal 2019 represent activity for the period prior to the reclassification of the in-house finance receivables portfolio to held for sale during the first quarter of Fiscal 2019 when the allowance was reversed.
Credit Quality Indicator and Age Analysis of Past Due US Customer In-House Finance Receivables | The credit quality indicator and age analysis of customer in-house finance receivables as of February 3, 2018 are shown below under the contractual basis:
|  | February 3, 2018
(in millions) |  | Gross |  | Valuation allowance
Performing (accrual status): |  |  |  |
0 - 120 days past due |  | $ | 703.4 |  |  | $ | (54.0 | )
121 or more days past due |  | 59.5 |  |  | (59.5 | )
|  | $ | 762.9 |  |  | $ | (113.5 | )
Valuation allowance as a % of ending receivable balance |  |  |  |  | 14.9 | %
Prior to the fourth quarter of Fiscal 2018, the Company’s calculation of the allowance for credit losses was based on a recency measure of delinquency. The credit quality indicator and age analysis of customer in-house finance receivables prior to the sale of the prime-only credit portion of the in-house receivable portfolio as of July 29, 2017 are shown below under the recency basis:
|  | July 29, 2017
(in millions) |  | Gross |  | Valuation allowance
Performing (accrual status): |  |  |  |
Current, aged 0 – 30 days |  | $ | 1,394.2 |  |  | $ | (42.8 | )
Past due, aged 31 – 60 days |  | 264.6 |  |  | (8.6 | )
Past due, aged 61 – 90 days |  | 52.5 |  |  | (2.4 | )
Non Performing: |  |  |  |
Past due, aged more than 90 days |  | 81.2 |  |  | (81.2 | )
|  | $ | 1,792.5 |  |  | $ | (135.0 | )
Valuation allowance as a % of ending receivable balance |  |  |  |  | 7.5 | %

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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