Segment information (Tables)

9 Months Ended

Oct. 30, 2021

Segment reporting information, by segment


	13 weeks ended				39 weeks ended
(in millions)	October 30, 2021		October 31, 2020		October 30, 2021		October 31, 2020
Sales:
North America segment	$	1,394.2	$	1,182.7	$	4,657.9	$	2,786.8
International segment	120.9		106.9		309.0		232.8
Other segment	22.7		10.7		47.8		20.8
Total sales	$	1,537.8	$	1,300.3	$	5,014.7	$	3,040.4

Operating income (loss):
North America segment (1)	$	123.8	$	52.9	$	573.1	$	(238.3)
International segment (2)	0.2		1.6		(4.0)		(52.6)
Other segment (3)	(0.4)		1.3		(1.4)		0.8
Corporate and unallocated expenses (4)	(16.7)		(16.1)		(66.7)		(59.5)
Total operating income (loss)	106.9		39.7		501.0		(349.6)
Interest expense, net	(4.1)		(9.1)		(12.4)		(25.6)
Other non-operating expense, net	(1.1)		—		(0.9)		0.3
Income (loss) before income taxes	$	101.7	$	30.6	$	487.7	$	(374.9)

(1) Operating income (loss) during the 13 and 39 weeks ended October 30, 2021 includes $2.6 million of acquisition-related expenses in connection with the Diamonds Direct acquisition; and $0.7 million and $2.0 million, respectively, of net asset impairments. Operating income (loss) during the 39 weeks ended October 30, 2021 includes: $1.1 million of transaction-related expenses in connection with the Rocksbox acquisition; $1.4 million of gains associated with the sale of customer in-house finance receivables; and $(1.0) million to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities. See Note 1, Note 5, Note 11 and Note 14 for additional information.

Operating income (loss) during the 13 and 39 weeks ended October 31, 2020 includes: a $2.2 million and $1.6 million charge, respectively, related to inventory charges recorded in conjunction with the Company’s restructuring activities; charges of $0.7 million and $37.3 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 $1.5 million and $136.9 million, respectively. See Note 5, Note 14 and Note 16 for additional information.

(2) Operating income (loss) during the 13 and 39 weeks ended October 31, 2020 includes charges of $3.0 million and $7.6 million, respectively, related to severance and store closure costs recorded in conjunction with the Company’s restructuring activities, and asset impairment charges of $21.2 million during the 39 weeks ended October 31, 2020. See Note 5, Note 14 and Note 16 for additional information.

(3) Operating income (loss) during the 13 and 39 weeks ended October 31, 2020 includes a $0.2 million benefit recognized due to a change in inventory reserves previously recognized as part of the Company’s restructuring activities. See Note 5 for additional information.

(4) Operating income (loss) during the 13 and 39 weeks ended October 30, 2021 includes $(1.7) million and $(2.3) million, respectively, to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities. See Note 5 for additional information.

Operating income (loss) during the 39 weeks ended October 31, 2020 includes a net charge of $7.5 million related to the settlement of previously disclosed shareholder litigation matters, inclusive of expected insurance proceeds. Operating income (loss) during the 13 and 39 weeks ended October 31, 2020 includes a credit of $0.1 million and net charge of $0.3 million, respectively, primarily related to severance and professional services recorded in conjunction with the Company’s restructuring activities. See Note 5 and Note 21 for additional information.