Revenue recognition (Tables)

9 Months Ended

Nov. 03, 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 39 weeks ended November 3, 2018 and October 28, 2017:

	13 weeks ended November 3, 2018								13 weeks ended October 28, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by product:
Bridal	$	514.6	$	51.9	$	—	$	566.5	$	497.3	$	59.4	$	—	$	556.7
Fashion	332.5		23.6		—		356.1		319.1		19.8		—		338.9
Watches	45.7		41.2		—		86.9		44.9		41.2		—		86.1
Other(1)	171.5		4.6		6.1		182.2		161.0		8.0		6.2		175.2
Total sales	$	1,064.3	$	121.3	$	6.1	$	1,191.7	$	1,022.3	$	128.4	$	6.2	$	1,156.9
	39 weeks ended November 3, 2018								39 weeks ended October 28, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by product:
Bridal	$	1,730.2	$	159.3	$	—	$	1,889.5	$	1,614.6	$	165.1	$	—	$	1,779.7
Fashion	1,223.4		76.7		—		1,300.1		1,209.9		74.8		—		1,284.7
Watches	156.7		127.1		—		283.8		155.1		121.7		—		276.8
Other(1)	588.5		18.4		12.1		619.0		579.3		21.2		18.2		618.7
Total sales	$	3,698.8	$	381.5	$	12.1	$	4,092.4	$	3,558.9	$	382.8	$	18.2	$	3,959.9

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

	13 weeks ended November 3, 2018								13 weeks ended October 28, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by channel:
Store	$	952.1	$	108.5	$	—	$	1,060.6	$	952.7	$	117.3	$	—	$	1,070.0
E-commerce(1)	112.2		12.8		—		125.0		69.6		11.1		—		80.7
Other	—		—		6.1		6.1		—		—		6.2		6.2
Total sales	$	1,064.3	$	121.3	$	6.1	$	1,191.7	$	1,022.3	$	128.4	$	6.2	$	1,156.9
	39 weeks ended November 3, 2018								39 weeks ended October 28, 2017
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by channel:
Store	$	3,316.0	$	342.5	$	—	$	3,658.5	$	3,347.5	$	350.3	$	—	$	3,697.8
E-commerce(1)	382.8		39.0		—		421.8		211.4		32.5		—		243.9
Other	—		—		12.1		12.1		—		—		18.2		18.2
Total sales	$	3,698.8	$	381.5	$	12.1	$	4,092.4	$	3,558.9	$	382.8	$	18.2	$	3,959.9

⁽¹⁾  North America includes $52.5 million and $160.2 million in the 13 and 39 weeks ended November 3, 2018, respectively, from James Allen which was acquired during the third quarter of Fiscal 2018. In the 13 and 39 weeks ended October 28, 2017, North America includes James Allen sales of $23.7 million for the 47 day period since the date of acquisition. See Note 5 for additional information regarding the acquisition.

Other Assets

Unamortized deferred selling costs as of November 3, 2018, February 3, 2018 and October 28, 2017 were as follows:

(in millions)	November 3, 2018		February 3, 2018		October 28, 2017
Deferred ESP selling costs
Other current assets	$	30.0	$	30.9	$	29.3
Other assets	87.1		89.5		86.0
Total deferred ESP selling costs	$	117.1	$	120.4	$	115.3

Deferred Revenue

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

(in millions)	November 3, 2018		February 3, 2018		October 28, 2017
ESP deferred revenue	$	892.8	$	916.1	$	882.8
Voucher promotions and other	32.0		41.4		33.6
Total deferred revenue	$	924.8	$	957.5	$	916.4
Disclosed as:
Current liabilities	$	253.1	$	288.6	$	270.3
Non-current liabilities	671.7		668.9		646.1
Total deferred revenue	$	924.8	$	957.5	$	916.4

	13 weeks ended						39 weeks ended
(in millions)	November 3, 2018			October 28, 2017			November 3, 2018			October 28, 2017
ESP deferred revenue, beginning of period	$	906.6		$	902.2		$	916.1		$	905.6
Plans sold(1)	72.3			72.9			259.2			266.3
Revenue recognized	(86.1		)	(92.3		)	(282.5		)	(289.1		)
ESP deferred revenue, end of period	$	892.8		$	882.8		$	892.8		$	882.8

⁽¹⁾  Includes impact of foreign exchange translation.