XML 45 R33.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment information (Tables)
 6 Months Ended
Aug. 03, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, By Segment
13 weeks ended26 weeks ended
(in millions)August 3, 2024July 29, 2023August 3, 2024July 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 $241.8 
International segment (2)
(4.2)(7.0)(17.2)(13.9)
Other segment
(2.6)(1.0)(5.7)(1.7)
Corporate and unallocated expenses(16.9)(18.9)(34.2)(34.3)
Total operating (loss) income
(100.9)90.2 (51.1)191.9 
Interest income, net2.4 1.8 11.0 7.4 
Other non-operating income (expense), net1.6 0.3 1.8 (0.1)
(Loss) income before income taxes$(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.