Goodwill and Intangibles (Tables)

3 Months Ended

Apr. 30, 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 January 29, 2022 (1)	$	484.6
Acquisitions (2)	1.8
Balance at April 30, 2022 (1)	$	486.4

(1)    The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of April 30, 2022 and January 29, 2022.

(2)    The change in goodwill during the period primarily represents an increase related to the finalization of the purchase price consideration of Diamonds Direct. Refer to Note 4 for additional information.

Schedule of Finite-Lived Intangible Assets

The following table provides additional detail regarding the composition of intangible assets and liabilities:

	April 30, 2022						January 29, 2022						May 1, 2021
(in millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		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	$	(5.9)	$	9.9	$	15.8	$	(5.3)	$	10.5	$	17.1	$	(4.6)	$	12.5
Indefinite-lived intangible assets (1)	303.6		—		303.6		303.7		—		303.7		178.1		—		178.1
Total intangible assets, net	$	319.4	$	(5.9)	$	313.5	$	319.5	$	(5.3)	$	314.2	$	195.2	$	(4.6)	$	190.6
Intangible liabilities, net	$	(38.0)	$	31.3	$	(6.7)	$	(38.0)	$	30.8	$	(7.2)	$	(38.0)	$	29.0	$	(9.0)

(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.

Schedule of Indefinite-Lived Intangible Assets

The following table provides additional detail regarding the composition of intangible assets and liabilities:

	April 30, 2022						January 29, 2022						May 1, 2021
(in millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		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	$	(5.9)	$	9.9	$	15.8	$	(5.3)	$	10.5	$	17.1	$	(4.6)	$	12.5
Indefinite-lived intangible assets (1)	303.6		—		303.6		303.7		—		303.7		178.1		—		178.1
Total intangible assets, net	$	319.4	$	(5.9)	$	313.5	$	319.5	$	(5.3)	$	314.2	$	195.2	$	(4.6)	$	190.6
Intangible liabilities, net	$	(38.0)	$	31.3	$	(6.7)	$	(38.0)	$	30.8	$	(7.2)	$	(38.0)	$	29.0	$	(9.0)

(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.