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Goodwill and intangibles (Tables) | 12 Months Ended
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Jan. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Reporting Unit | The following table summarizes the Company’s goodwill by reportable segment:
(in millions) | North America |  |  |  |  |  |
Balance at January 30, 2021 (1) | $ | 238.0 |  |  |  |  |  |  |
Acquisitions | 246.6 |  |  |  |  |  |  |
Balance at January 29, 2022 (1) | $ | 484.6 |  |  |  |  |  |  |
Acquisitions (2) | 267.1 |  |  |  |  |  |  |
Balance at January 28, 2023 (1) | $ | 751.7 |  |  |  |  |  |  |
(1) For the periods presented, the carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million. (2) The change in goodwill during the period primarily represents the acquisition of Blue Nile and the finalization of the purchase price allocation of Diamonds Direct. Refer to Note 4 for additional information.
Schedule of Finite-Lived Intangible Assets | The following table provides additional detail regarding the composition of intangible assets and liabilities:
|  | January 28, 2023 |  | January 29, 2022
(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 |  |  | $ | (7.6) |  |  |  |  | $ | 8.2 |  |  | $ | 15.8 |  |  | $ | (5.3) |  |  |  |  | $ | 10.5 |
Indefinite-lived intangible assets (1) |  | 399.2 |  |  | — |  |  |  |  | 399.2 |  |  | 303.7 |  |  | — |  |  |  |  | 303.7 |
Total intangible assets, net |  | $ | 415.0 |  |  | $ | (7.6) |  |  |  |  | $ | 407.4 |  |  | $ | 319.5 |  |  | $ | (5.3) |  |  |  |  | $ | 314.2 |
Intangible liabilities, net |  | $ | (38.0) |  |  | $ | 32.6 |  |  |  |  | $ | (5.4) |  |  | $ | (38.0) |  |  | $ | 30.8 |  |  |  |  | $ | (7.2) |
(1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Blue Nile trade name of $96.0 million and the impact of foreign currency translation.
Schedule of Indefinite-Lived Intangible Assets | The following table provides additional detail regarding the composition of intangible assets and liabilities:
|  | January 28, 2023 |  | January 29, 2022
(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 |  |  | $ | (7.6) |  |  |  |  | $ | 8.2 |  |  | $ | 15.8 |  |  | $ | (5.3) |  |  |  |  | $ | 10.5 |
Indefinite-lived intangible assets (1) |  | 399.2 |  |  | — |  |  |  |  | 399.2 |  |  | 303.7 |  |  | — |  |  |  |  | 303.7 |
Total intangible assets, net |  | $ | 415.0 |  |  | $ | (7.6) |  |  |  |  | $ | 407.4 |  |  | $ | 319.5 |  |  | $ | (5.3) |  |  |  |  | $ | 314.2 |
Intangible liabilities, net |  | $ | (38.0) |  |  | $ | 32.6 |  |  |  |  | $ | (5.4) |  |  | $ | (38.0) |  |  | $ | 30.8 |  |  |  |  | $ | (7.2) |
(1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Blue Nile trade name of $96.0 million and the impact of foreign currency translation.
Schedule of Expected Future Amortization Expense for Intangible Assets | Expected future amortization for intangible assets and intangible liabilities recorded at January 28, 2023 follows:
(in millions) | Intangible assets amortization |  | Intangible liabilities amortization
Fiscal 2024 | $ | 1.9 |  |  | $ | (1.8) |
Fiscal 2025 | 1.3 |  |  | (1.8) |
Fiscal 2026 | 1.2 |  |  | (1.8) |
Fiscal 2027 | 1.2 |  |  | — |
Fiscal 2028 | 1.2 |  |  | — |
Thereafter | 1.4 |  |  | — |
Total | $ | 8.2 |  |  | $ | (5.4) |
Schedule of Expected Future Amortization of Intangible Liabilities | Expected future amortization for intangible assets and intangible liabilities recorded at January 28, 2023 follows:
(in millions) | Intangible assets amortization |  | Intangible liabilities amortization
Fiscal 2024 | $ | 1.9 |  |  | $ | (1.8) |
Fiscal 2025 | 1.3 |  |  | (1.8) |
Fiscal 2026 | 1.2 |  |  | (1.8) |
Fiscal 2027 | 1.2 |  |  | — |
Fiscal 2028 | 1.2 |  |  | — |
Thereafter | 1.4 |  |  | — |
Total | $ | 8.2 |  |  | $ | (5.4) |

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