XML 75 R54.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and intangibles (Tables)
12 Months Ended
Jan. 29, 2022
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 1, 2020$248.8 
Impairment
(10.7)
Impact of foreign exchange
(0.1)
Balance at January 30, 2021 (1)
$238.0 
Acquisitions
246.6 
Balance at January 29, 2022 (1)
$484.6 
(1)    The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of January 29, 2022 and January 30, 2021.
Composition of Intangible Assets and Liabilities
The following table provides additional detail regarding the composition of intangible assets and liabilities:
January 29, 2022January 30, 2021
(in millions)Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Intangible assets, net:
Definite-lived intangible assets
$15.8 $(5.3)$10.5 $5.6 $(4.2)$1.4 
Indefinite-lived intangible assets (1)
303.7 $ 303.7 177.6 $— 177.6 
Total intangible assets, net$319.5 $(5.3)$314.2 $183.2 $(4.2)$179.0 
Intangible liabilities, net$(38.0)$30.8 $(7.2)$(38.0)$27.5 $(10.5)
(1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Diamonds Direct trade name of $126.0 million and the impact of foreign currency translation.
Summary of Expected Future Amortization Expense for Intangible Assets Expected future amortization for intangible assets and intangible liabilities recorded at January 29, 2022 follows:
(in millions)Intangible assets amortizationIntangible liabilities amortization
Fiscal 2023$2.4 $(1.8)
Fiscal 20241.9 (1.8)
Fiscal 20251.3 (1.8)
Fiscal 20261.2 (1.8)
Fiscal 20271.2 — 
Thereafter2.5 — 
Total
$10.5 $(7.2)
Summary of Expected Future Amortization of Intangible Liabilities Expected future amortization for intangible assets and intangible liabilities recorded at January 29, 2022 follows:
(in millions)Intangible assets amortizationIntangible liabilities amortization
Fiscal 2023$2.4 $(1.8)
Fiscal 20241.9 (1.8)
Fiscal 20251.3 (1.8)
Fiscal 20261.2 (1.8)
Fiscal 20271.2 — 
Thereafter2.5 — 
Total
$10.5 $(7.2)