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Segment information (Tables)

12 Months Ended

Jan. 28, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, By Segment

(in millions)			Fiscal 2023						Fiscal 2022						Fiscal 2021
Sales:
North America segment (1)			$	7,289.5					$	7,264.8					$	4,840.9
International segment			470.1						492.4						355.9
Other segment			82.5						68.8						30.1
Total sales			$	7,842.1					$	7,826.0					$	5,226.9
Operating income (loss):
North America segment (2)			$	673.2					$	981.4					$	57.9
International segment (3)			(0.2)						14.4						(43.3)
Other segment (4)			2.4						(0.2)						(0.3)
Corporate and unallocated expenses (5)			(70.5)						(92.2)						(72.0)
Total operating income (loss)			604.9						903.4						(57.7)
Interest expense, net			(13.5)						(16.9)						(32.0)
Other non-operating expense, net			(140.2)						(2.1)						—
Income (loss) before income taxes			$	451.2					$	884.4					$	(89.7)
Depreciation and amortization:
North America segment			$	153.8					$	149.2					$	163.7
International segment			10.3						14.0						12.0
Other segment			0.4						0.3						0.3
Total depreciation and amortization			$	164.5					$	163.5					$	176.0
Capital additions:
North America segment			$	127.6					$	112.6					$	79.0
International segment			10.9						16.6						4.0
Other segment			0.4						0.4						—
Total capital additions			$	138.9					$	129.6					$	83.0

(1)        Includes sales of $209.1 million, $206.2 million and $150.9 million generated by Canadian operations in Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively.

(2)    Fiscal 2023 includes: 1) $13.4 million of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct and Blue Nile acquisitions; 2) $14.7 million of acquisition and integration-related expenses in connection with the Blue Nile acquisition, primarily related to professional fees and severance costs; 3) $203.8 million related to pre-tax litigation charges; and 4) net asset impairment charges of $20.0 million.

Fiscal 2022 includes: 1) $5.4 million of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct acquisition; 2) $6.4 million of acquisition-related expenses related to Diamonds Direct and Rocksbox; 3) net asset impairment charges of $2.0 million; 4) $1.4 million of gains associated with the sale of customer in-house finance receivables; and 5) $1.0 million credit to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities.

Fiscal 2021 includes: 1) $1.6 million related to inventory charges recorded in conjunction with the Company’s restructuring activities; 2) $36.0 million primarily related to severance, professional fees and store closure costs recorded in conjunction with the Company’s restructuring activities; and 3) asset impairment charges of $136.7 million.

See Note 4, Note 6, Note 13, Note 17, Note 19 and Note 28 for additional information.

(3)    Fiscal 2023 includes net asset impairment charges of $2.7 million.

Fiscal 2022 includes net asset impairment gains of $0.5 million.

Fiscal 2021 includes: 1) $9.7 million primarily related to severance and store closure costs recorded in conjunction with the Company’s restructuring activities; and 2) asset impairment charges of $22.3 million.

See Note 6 and Note 17 for additional information.

(4)    Fiscal 2021 includes $0.2 million benefit recognized due to a change in inventory reserves previously recognized as part of the Company’s restructuring activities.

See Note 6 for additional information.

(5)    Fiscal 2022 includes: 1) a charge of $1.7 million related to the settlement of previously disclosed shareholder litigation matters; and 2) $2.3 million credit to restructuring expense primarily related to adjustments to previously recognized restructuring liabilities.

Fiscal 2021 includes: 1) a charge of $7.5 million related to the settlement of previously disclosed shareholder litigation matters, net of expected insurance proceeds; and 2) $0.5 million related to charges recorded in conjunction with the Company’s restructuring activities.

See Note 6 and Note 28 for additional information.

(in millions)			January 28, 2023						January 29, 2022
Total assets:
North America segment			$	5,901.5					$	5,540.1
International segment			405.9						438.2
Other segment			122.3						81.2
Corporate and unallocated			190.7						515.6
Total assets			$	6,620.4					$	6,575.1
Total long-lived assets (1):
North America segment			$	1,702.5					$	1,328.4
International segment			40.2						43.4
Other segment			2.9						2.9
Total long-lived assets			$	1,745.6					$	1,374.7

(1)        Includes property, plant and equipment; goodwill; and other intangible assets.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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