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Warranty Reserve | 3 Months Ended
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Apr. 30, 2022
Other Liabilities Disclosure [Abstract] |
Warranty Reserve | Warranty reserve The North America segment provides a product lifetime diamond guarantee as long as six-month inspections are performed and certified by an authorized store representative. Provided the customer has complied with the six-month inspection policy, the Company will replace, at no cost to the customer, any stone that chips, breaks or is lost from its original setting during normal wear. Management estimates the warranty accrual based on the lag of actual claims experience and the costs of such claims, inclusive of labor and material. A similar product lifetime guarantee is also provided on color gemstones. The warranty reserve for diamond and gemstone guarantees, included in accrued expenses and other current liabilities and other non-current liabilities, is as follows:
| 13 weeks ended |  |
(in millions) | April 30, 2022 |  | May 1, 2021 |  |  |  |
Warranty reserve, beginning of period | $ | 36.0 |  |  | $ | 37.3 |  |  |  |  |
Warranty expense | 4.7 |  |  | 0.7 |  |  |  |  |
Utilized (1) | (3.0) |  |  | (2.5) |  |  |  |  |
Warranty reserve, end of period | $ | 37.7 |  |  | $ | 35.5 |  |  |  |  |
(1) Includes impact of foreign exchange translation.
(in millions) | April 30, 2022 |  | January 29, 2022 |  | May 1, 2021
Disclosed as: |  |  |  |  |
Current liabilities | $ | 10.6 |  |  | $ | 10.2 |  |  | $ | 10.2 |
Other liabilities - non-current | 27.1 |  |  | 25.8 |  |  | 25.3 |
Total warranty reserve | $ | 37.7 |  |  | $ | 36.0 |  |  | $ | 35.5 |

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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