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Segment information (Tables) | 6 Months Ended
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Aug. 03, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, By Segment |
| 13 weeks ended |  | 26 weeks ended
(in millions) | August 3, 2024 |  | July 29, 2023 |  | August 3, 2024 |  | July 29, 2023
Sales: |  |  |  |  |  |  |
North America segment | $ | 1,397.6 |  |  | $ | 1,501.1 |  |  | $ | 2,817.6 |  |  | $ | 3,062.3 |
International segment | 86.5 |  |  | 102.0 |  |  | 163.7 |  |  | 195.0 |
Other segment | 6.9 |  |  | 10.5 |  |  | 20.5 |  |  | 24.3 |
Total sales | $ | 1,491.0 |  |  | $ | 1,613.6 |  |  | $ | 3,001.8 |  |  | $ | 3,281.6 |
Operating (loss) income: |  |  |  |  |  |  |
North America segment (1) | $ | (77.2) |  |  | $ | 117.1 |  |  | $ | 6.0 |  |  | $ | 241.8 |
International segment (2) | (4.2) |  |  | (7.0) |  |  | (17.2) |  |  | (13.9) |
Other segment | (2.6) |  |  | (1.0) |  |  | (5.7) |  |  | (1.7) |
Corporate and unallocated expenses | (16.9) |  |  | (18.9) |  |  | (34.2) |  |  | (34.3) |
Total operating (loss) income | (100.9) |  |  | 90.2 |  |  | (51.1) |  |  | 191.9 |
Interest income, net | 2.4 |  |  | 1.8 |  |  | 11.0 |  |  | 7.4 |
Other non-operating income (expense), net | 1.6 |  |  | 0.3 |  |  | 1.8 |  |  | (0.1) |
(Loss) income before income taxes | $ | (96.9) |  |  | $ | 92.3 |  |  | $ | (38.3) |  |  | $ | 199.2 |
(1) Operating (loss) income during the 13 and 26 weeks ended August 3, 2024 includes $166.2 million and $168.2 million, respectively, of asset impairment charges primarily related to goodwill and indefinite-lived intangible assets; $0.9 million and $1.1 million, respectively, of integration-related expenses, primarily severance and retention, incurred for the integration of Blue Nile; and $0.2 million and $0.8 million, respectively, of restructuring charges. Operating income during the 13 and 26 weeks ended July 29, 2023 includes $4.8 million and $12.6 million, respectively, of acquisition and integration-related expenses, primarily severance and retention, and exit and disposal costs, and system decommissioning costs incurred for the integration of Blue Nile; $3.8 million and $5.6 million, respectively, of net asset impairment charges; and $4.2 million of restructuring charges. Operating income during the 26 weeks ended July 29, 2023 includes a $3.0 million credit to income related to the adjustment of a prior litigation accrual. See Note 12, Note 18 and Note 20 for additional information. (2) Operating loss during the 13 and 26 weeks ended August 3, 2024 includes $1.0 million and $5.0 million, respectively, of restructuring charges and $1.2 million and $2.5 million, respectively, of net losses from the previously announced divestiture of the UK prestige watch business. Operating loss during the 26 weeks ended August 3, 2024 includes $0.4 million of net asset impairment charges primarily related to planned store closures. See Note 18 for additional information.

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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