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Goodwill and intangibles (Tables) | 12 Months Ended
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Jan. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill by Reporting Unit | The following table summarizes the Company’s goodwill by reportable segment:
(in millions) | North America |  |  |  |  |  |
Balance at February 1, 2020 | $ | 248.8 |  |  |  |  |  |  |
Impairment | (10.7) |  |  |  |  |  |  |
Impact of foreign exchange | (0.1) |  |  |  |  |  |  |
Balance at January 30, 2021 (1) | $ | 238.0 |  |  |  |  |  |  |
Acquisitions | 246.6 |  |  |  |  |  |  |
Balance at January 29, 2022 (1) | $ | 484.6 |  |  |  |  |  |  |
(1) The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of January 29, 2022 and January 30, 2021.
Composition of Intangible Assets and Liabilities | The following table provides additional detail regarding the composition of intangible assets and liabilities:
|  | January 29, 2022 |  | January 30, 2021
(in millions) |  | Gross carrying amount |  | Accumulated amortization |  |  |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  |  |  | Net carrying amount
Intangible assets, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Definite-lived intangible assets |  | $ | 15.8 |  |  | $ | (5.3) |  |  |  |  | $ | 10.5 |  |  | $ | 5.6 |  |  | $ | (4.2) |  |  |  |  | $ | 1.4 |
Indefinite-lived intangible assets (1) |  | 303.7 |  |  | $ | — |  |  |  |  | 303.7 |  |  | 177.6 |  |  | $ | — |  |  |  |  | 177.6 |
Total intangible assets, net |  | $ | 319.5 |  |  | $ | (5.3) |  |  |  |  | $ | 314.2 |  |  | $ | 183.2 |  |  | $ | (4.2) |  |  |  |  | $ | 179.0 |
Intangible liabilities, net |  | $ | (38.0) |  |  | $ | 30.8 |  |  |  |  | $ | (7.2) |  |  | $ | (38.0) |  |  | $ | 27.5 |  |  |  |  | $ | (10.5) |
(1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Diamonds Direct trade name of $126.0 million and the impact of foreign currency translation.
Summary of Expected Future Amortization Expense for Intangible Assets | Expected future amortization for intangible assets and intangible liabilities recorded at January 29, 2022 follows:
(in millions) | Intangible assets amortization |  | Intangible liabilities amortization
Fiscal 2023 | $ | 2.4 |  |  | $ | (1.8) |
Fiscal 2024 | 1.9 |  |  | (1.8) |
Fiscal 2025 | 1.3 |  |  | (1.8) |
Fiscal 2026 | 1.2 |  |  | (1.8) |
Fiscal 2027 | 1.2 |  |  | — |
Thereafter | 2.5 |  |  | — |
Total | $ | 10.5 |  |  | $ | (7.2) |
Summary of Expected Future Amortization of Intangible Liabilities | Expected future amortization for intangible assets and intangible liabilities recorded at January 29, 2022 follows:
(in millions) | Intangible assets amortization |  | Intangible liabilities amortization
Fiscal 2023 | $ | 2.4 |  |  | $ | (1.8) |
Fiscal 2024 | 1.9 |  |  | (1.8) |
Fiscal 2025 | 1.3 |  |  | (1.8) |
Fiscal 2026 | 1.2 |  |  | (1.8) |
Fiscal 2027 | 1.2 |  |  | — |
Thereafter | 2.5 |  |  | — |
Total | $ | 10.5 |  |  | $ | (7.2) |

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