Revenue recognition (Tables)

6 Months Ended

Aug. 04, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide the Company’s revenue, disaggregated by major product and channel, for the 13 and 26 weeks ended August 4, 2018 and July 29, 2017:

	13 weeks ended August 4, 2018								13 weeks ended July 29, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by product:
Bridal	$	585.1	$	51.8	$	—	$	636.9	$	518.6	$	52.6	$	—	$	571.2
Fashion	420.5		27.2		—		447.7		400.8		29.2		—		430.0
Watches	58.0		46.8		—		104.8		55.1		44.0		—		99.1
Other(1)	223.1		5.7		1.9		230.7		287.7		6.1		5.5		299.3
Total sales	$	1,286.7	$	131.5	$	1.9	$	1,420.1	$	1,262.2	$	131.9	$	5.5	$	1,399.6
	26 weeks ended August 4, 2018								26 weeks ended July 29, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by product:
Bridal	$	1,203.0	$	107.4	$	—	$	1,310.4	$	1,081.5	$	105.7	$	—	$	1,187.2
Fashion	881.6		53.1		—		934.7		851.7		55.0		—		906.7
Watches	110.2		85.9		—		196.1		106.6		80.5		—		187.1
Other(1)	439.7		13.8		6.0		459.5		496.8		13.2		12.0		522.0
Total sales	$	2,634.5	$	260.2	$	6.0	$	2,900.7	$	2,536.6	$	254.4	$	12.0	$	2,803.0

⁽¹⁾   Other revenue primarily includes gift and other miscellaneous jewelery sales, repairs, warranty and other miscellaneous non-jewelry sales.

	13 weeks ended August 4, 2018								13 weeks ended July 29, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by channel:
Store	$	1,150.2	$	117.7	$	—	$	1,267.9	$	1,191.5	$	120.4	$	—	$	1,311.9
E-commerce(1)	136.5		13.8		—		150.3		70.7		11.5		—		82.2
Other	—		—		1.9		1.9		—		—		5.5		5.5
Total sales	$	1,286.7	$	131.5	$	1.9	$	1,420.1	$	1,262.2	$	131.9	$	5.5	$	1,399.6
	26 weeks ended August 4, 2018								26 weeks ended July 29, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by channel:
Store	$	2,363.9	$	234.0	$	—	$	2,597.9	$	2,394.8	$	233.0	$	—	$	2,627.8
E-commerce(1)	270.6		26.2		—		296.8		141.8		21.4		—		163.2
Other	—		—		6.0		6.0		—		—		12.0		12.0
Total sales	$	2,634.5	$	260.2	$	6.0	$	2,900.7	$	2,536.6	$	254.4	$	12.0	$	2,803.0

⁽¹⁾  North America includes $54.4 million and $107.7 million in the 13 and 26 weeks ended August 4, 2018, respectively, from James Allen which was acquired during the third quarter of Fiscal 2018. See Note 5 for additional information regarding the acquisition.

Other Assets

Unamortized deferred selling costs as of August 4, 2018, February 3, 2018 and July 29, 2017 were as follows:

(in millions)	August 4, 2018		February 3, 2018		July 29, 2017
Deferred ESP selling costs
Other current assets	$	30.3	$	30.9	$	29.7
Other assets	88.4		89.5		87.2
Total deferred ESP selling costs	$	118.7	$	120.4	$	116.9

Deferred Revenue

Deferred revenue is comprised primarily of ESP and sale voucher promotions and other as follows:

(in millions)	August 4, 2018		February 3, 2018		July 29, 2017
ESP deferred revenue	$	906.6	$	916.1	$	902.2
Voucher promotions and other	33.0		41.4		18.9
Total deferred revenue	$	939.6	$	957.5	$	921.1
Disclosed as:
Current liabilities	$	276.3	$	288.6	$	262.3
Non-current liabilities	663.3		668.9		658.8
Total deferred revenue	$	939.6	$	957.5	$	921.1

	13 weeks ended						26 weeks ended
(in millions)	August 4, 2018			July 29, 2017			August 4, 2018			July 29, 2017
ESP deferred revenue, beginning of period	$	913.5		$	903.7		$	916.1		$	905.6
Plans sold(1)	90.9			96.8			186.9			193.4
Revenue recognized	(97.8		)	(98.3		)	(196.4		)	(196.8		)
ESP deferred revenue, end of period	$	906.6		$	902.2		$	906.6		$	902.2

⁽¹⁾  Includes impact of foreign exchange translation.