XML 55 R43.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and intangibles (Tables)
 3 Months Ended
May 02, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Reporting Unit
The following table summarizes the Company’s goodwill by reportable segment:
(in millions)
 
North America
Balance at February 2, 2019
 
$
296.6

Impairment(1)
 
(47.7
)
Impact of foreign exchange and other adjustments
 
(0.1
)
Balance at February 1, 2020
 
248.8

Impairment
 
(10.7
)
Impact of foreign exchange
 
(0.1
)
Balance at May 2, 2020
 
$
238.0


(1)
During Fiscal 2020, an immaterial out-of-period adjustment was recognized related to an error in the calculation of goodwill impairments during Fiscal 2019.
Schedule of Finite-Lived Intangible Assets
The following table provides additional detail regarding the composition of intangible assets and liabilities:
 
 
May 2, 2020
 
February 1, 2020
 
May 4, 2019
(in millions)
 
Gross
carrying
amount
 
Accumulated
amortization(1)
 
Net
carrying
amount
 
Gross
carrying
amount
 
Accumulated
amortization(1)
 
Net
carrying
amount
 
Gross
carrying
amount
 
Accumulated
amortization(1)
 
Net
carrying
amount
Intangible assets, net:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite-lived intangible assets
 
$
52.4

 
$
(50.4
)
 
$
2.0

 
$
53.2

 
$
(50.9
)
 
$
2.3

 
$
53.0

 
$
(50.2
)
 
$
2.8

Indefinite-lived intangible assets
 
472.4

 
(295.7
)
 
176.7

 
475.4

 
(213.9
)
 
261.5

 
475.1

 
(213.8
)
 
261.3

Total intangible assets, net
 
$
524.8

 
$
(346.1
)
 
$
178.7

 
$
528.6

 
$
(264.8
)
 
$
263.8

 
$
528.1

 
$
(264.0
)
 
$
264.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible liabilities, net
 
$
(113.2
)
 
$
98.7

 
$
(14.5
)
 
$
(113.9
)
 
$
98.0

 
$
(15.9
)
 
$
(113.7
)
 
$
93.8

 
$
(19.9
)

(1)
Accumulated amortization amounts related to the indefinite-lived intangible assets represents accumulated impairment losses recorded to date and includes the impact of foreign currency.