Segment information (Tables)

6 Months Ended

Jul. 31, 2021

Segment reporting information, by segment


	13 weeks ended				26 weeks ended
(in millions)	July 31, 2021		August 1, 2020		July 31, 2021		August 1, 2020
Sales:
North America segment	$	1,645.7	$	823.0	$	3,263.7	$	1,604.1
International segment	130.7		61.0		188.1		125.9
Other segment	11.7		4.0		25.1		10.1
Total sales	$	1,788.1	$	888.0	$	3,476.9	$	1,740.1

Operating income (loss):
North America segment (1)	$	237.3	$	(57.0)	$	449.3	$	(291.2)
International segment (2)	15.5		(15.6)		(4.2)		(54.2)
Other segment	(0.1)		(0.2)		(1.0)		(0.5)
Corporate and unallocated expenses (3)	(27.3)		(16.9)		(50.0)		(43.4)
Total operating income (loss)	225.4		(89.7)		394.1		(389.3)
Interest expense, net	(4.4)		(9.4)		(8.3)		(16.5)
Other non-operating income, net	0.1		0.2		0.2		0.3
Income (loss) before income taxes	$	221.1	$	(98.9)	$	386.0	$	(405.5)

(1) Operating income (loss) during the 13 and 26 weeks ended July 31, 2021 includes: $0.0 million and $1.1 million, respectively, of acquisition-related expenses in connection with the Rocksbox acquisition; $1.4 million of gains associated with the sale of customer in-house finance receivables; $(0.3) million and $(1.0) million, respectively, to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities; and $(0.2) million and $1.3 million, respectively, of net asset impairments. See Note 1, Note 5, Note 11, and Note 14 for additional information.

Operating income (loss) during the 13 and 26 weeks ended August 1, 2020 includes: a $0.2 million and $0.6 million benefit, respectively, recognized due to a change in inventory reserves previously recognized as part of the Company’s restructuring activities; charges of $27.7 million and $36.6 million, respectively, primarily related to severance, professional fees and store closure costs recorded in conjunction with the Company’s restructuring activities; and asset impairment charges of $17.5 million and $135.4 million, respectively. See Note 5, Note 14, and Note 16 for additional information.

(2) Operating income (loss) during the 13 and 26 weeks ended August 1, 2020 includes: charges of $1.0 million and $4.6 million, respectively, related to severance and store closure costs recorded in conjunction with the Company’s restructuring activities; and asset impairment charges of $2.8 million and $21.2 million, respectively. See Note 5, Note 14, and Note 16 for additional information.

(3) Operating income (loss) during the 13 and 26 weeks ended July 31, 2021 includes $(0.6) million restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities. See Note 5 for additional information.

Operating income (loss) during the 13 and 26 weeks ended August 1, 2020 includes: $(1.0) million and $7.5 million, respectively, related to the settlement of previously disclosed shareholder litigation matters, inclusive of expected insurance proceeds; and charges of $0.2 million and $0.4 million, respectively, primarily related to severance and professional services recorded in conjunction with the Company’s restructuring activities. See Note 5 and Note 22 for additional information.