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v3.21.1

Revenue recognition (Tables) | 3 Months Ended
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May 01, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables provide the Company’s revenue, disaggregated by banner, major product and channel, for the 13 weeks ended May 1, 2021 and May 2, 2020:
| 13 weeks ended May 1, 2021 |  | 13 weeks ended May 2, 2020
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by banner: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kay | $ | 676.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 676.8 |  |  | $ | 333.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 333.5 |
Zales | 370.8 |  |  | — |  |  | — |  |  | 370.8 |  |  | 182.3 |  |  | — |  |  | — |  |  | 182.3 |
Jared | 284.1 |  |  | — |  |  | — |  |  | 284.1 |  |  | 145.4 |  |  | — |  |  | — |  |  | 145.4 |
Piercing Pagoda | 148.8 |  |  | — |  |  | — |  |  | 148.8 |  |  | 51.4 |  |  | — |  |  | — |  |  | 51.4 |
James Allen | 101.5 |  |  | — |  |  | — |  |  | 101.5 |  |  | 43.8 |  |  | — |  |  | — |  |  | 43.8 |
Peoples | 34.6 |  |  | — |  |  | — |  |  | 34.6 |  |  | 24.7 |  |  | — |  |  | — |  |  | 24.7 |
International segment banners | — |  |  | 57.4 |  |  | — |  |  | 57.4 |  |  | — |  |  | 64.9 |  |  | — |  |  | 64.9 |
Other | 1.4 |  |  | — |  |  | 13.4 |  |  | 14.8 |  |  | — |  |  | — |  |  | 6.1 |  |  | 6.1 |
Total sales | $ | 1,618.0 |  |  | $ | 57.4 |  |  | $ | 13.4 |  |  | $ | 1,688.8 |  |  | $ | 781.1 |  |  | $ | 64.9 |  |  | $ | 6.1 |  |  | $ | 852.1 |
| 13 weeks ended May 1, 2021 |  | 13 weeks ended May 2, 2020
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by product: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bridal | $ | 726.7 |  |  | $ | 28.8 |  |  | $ | — |  |  | $ | 755.5 |  |  | $ | 314.1 |  |  | $ | 28.1 |  |  | $ | — |  |  | $ | 342.2 |
Fashion | 661.4 |  |  | 9.7 |  |  | — |  |  | 671.1 |  |  | 297.9 |  |  | 12.6 |  |  | — |  |  | 310.5 |
Watches | 46.9 |  |  | 17.2 |  |  | — |  |  | 64.1 |  |  | 24.6 |  |  | 17.5 |  |  | — |  |  | 42.1 |
Other (1) | 183.0 |  |  | 1.7 |  |  | 13.4 |  |  | 198.1 |  |  | 144.5 |  |  | 6.7 |  |  | 6.1 |  |  | 157.3 |
Total sales | $ | 1,618.0 |  |  | $ | 57.4 |  |  | $ | 13.4 |  |  | $ | 1,688.8 |  |  | $ | 781.1 |  |  | $ | 64.9 |  |  | $ | 6.1 |  |  | $ | 852.1 |
(1) Other revenue primarily includes gift, beads and other miscellaneous jewelry sales, repairs, subscriptions, service plan and other miscellaneous non-jewelry sales.
| 13 weeks ended May 1, 2021 |  | 13 weeks ended May 2, 2020
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Store | $ | 1,299.6 |  |  | $ | 29.5 |  |  | $ | — |  |  | $ | 1,329.1 |  |  | $ | 631.9 |  |  | $ | 49.4 |  |  | $ | — |  |  | $ | 681.3 |
E-commerce | 318.4 |  |  | 27.9 |  |  | — |  |  | 346.3 |  |  | 149.2 |  |  | 15.5 |  |  | — |  |  | 164.7 |
Other | — |  |  | — |  |  | 13.4 |  |  | 13.4 |  |  | — |  |  | — |  |  | 6.1 |  |  | 6.1 |
Total sales | $ | 1,618.0 |  |  | $ | 57.4 |  |  | $ | 13.4 |  |  | $ | 1,688.8 |  |  | $ | 781.1 |  |  | $ | 64.9 |  |  | $ | 6.1 |  |  | $ | 852.1 |
Other Assets | Unamortized deferred selling costs as of May 1, 2021, January 30, 2021 and May 2, 2020 were as follows:
(in millions) | May 1, 2021 |  | January 30, 2021 |  | May 2, 2020
Other current assets | $ | 26.4 |  |  | $ | 26.2 |  |  | $ | 23.6 |
Other assets | 86.1 |  |  | 85.1 |  |  | 79.5 |
Total deferred selling costs | $ | 112.5 |  |  | $ | 111.3 |  |  | $ | 103.1 |
Deferred Revenue | Deferred revenue consists primarily of ESP and voucher promotions as follows:
(in millions) | May 1, 2021 |  | January 30, 2021 |  | May 2, 2020
ESP deferred revenue | $ | 1,049.4 |  |  | $ | 1,028.9 |  |  | $ | 961.0 |
Other deferred revenue (1) | 58.3 |  |  | 43.1 |  |  | 30.0 |
Total deferred revenue | $ | 1,107.7 |  |  | $ | 1,072.0 |  |  | $ | 991.0 |
Disclosed as: |  |  |  |  |
Current liabilities | $ | 310.0 |  |  | $ | 288.7 |  |  | $ | 271.2 |
Non-current liabilities | 797.7 |  |  | 783.3 |  |  | 719.8 |
Total deferred revenue | $ | 1,107.7 |  |  | $ | 1,072.0 |  |  | $ | 991.0 |
(1) Other deferred revenue includes primarily revenue collected from customers for custom orders and eCommerce orders, for which control has not yet transferred to the customer.
| 13 weeks ended |  |
(in millions) | May 1, 2021 |  | May 2, 2020 |  |  |  |
ESP deferred revenue, beginning of period | $ | 1,028.9 |  |  | $ | 960.0 |  |  |  |  |
Plans sold (1) | 124.1 |  |  | 55.0 |  |  |  |  |
Revenue recognized (2) | (103.6) |  |  | (54.0) |  |  |  |  |
ESP deferred revenue, end of period | $ | 1,049.4 |  |  | $ | 961.0 |  |  |  |  |
(1) Includes impact of foreign exchange translation. (2) During the 13 weeks ended May 1, 2021 and May 2, 2020, the Company recognized sales of $72.6 million and $44.5 million, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP. In Fiscal 2021, no ESP revenue was recognized beginning on March 23, 2020 due to the temporary closure of the Company’s stores and service centers as a result of COVID-19. As the Company began reopening stores and service centers during the second quarter of Fiscal 2021, the Company resumed recognizing service revenue as it fulfilled its performance obligations under the ESP.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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