XML 69 R54.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and intangibles (Tables)
12 Months Ended
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, 2023January 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, 2023January 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 amortizationIntangible liabilities amortization
Fiscal 2024$1.9 $(1.8)
Fiscal 20251.3 (1.8)
Fiscal 20261.2 (1.8)
Fiscal 20271.2 — 
Fiscal 20281.2 — 
Thereafter1.4 — 
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 amortizationIntangible liabilities amortization
Fiscal 2024$1.9 $(1.8)
Fiscal 20251.3 (1.8)
Fiscal 20261.2 (1.8)
Fiscal 20271.2 — 
Fiscal 20281.2 — 
Thereafter1.4 — 
Total
$8.2 $(5.4)