Segment Information (Tables)

6 Months Ended

Jul. 30, 2022

Segment Reporting Information, by Segment


	13 weeks ended				26 weeks ended
(in millions)	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Sales:
North America segment	$	1,616.4	$	1,645.7	$	3,321.4	$	3,263.7
International segment	111.6		130.7		221.6		188.1
Other segment	26.9		11.7		50.2		25.1
Total sales	$	1,754.9	$	1,788.1	$	3,593.2	$	3,476.9

Operating income (loss):
North America segment (1)	$	210.1	$	237.3	$	234.9	$	449.3
International segment	(2.0)		15.5		(8.4)		(4.2)
Other segment	1.8		(0.1)		4.8		(1.0)
Corporate and unallocated expenses (2)	(23.1)		(27.3)		(44.3)		(50.0)
Total operating income	186.8		225.4		187.0		394.1
Interest expense, net	(3.4)		(4.4)		(7.8)		(8.3)
Other non-operating income (expense)	(2.4)		0.1		(136.9)		0.2
Income before income taxes	$	181.0	$	221.1	$	42.3	$	386.0

(1) Operating income during the 13 and 26 weeks ended July 30, 2022 includes $5.8 million and $10.2 million, respectively, of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct acquisition; and $2.6 million of acquisition-related expenses in connection with the Blue Nile acquisition. Operating income during the 26 weeks ended July 30, 2022 includes $190.0 million related to pre-tax litigation charges. See Note 4 and Note 21 for additional information.

Operating income 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; credits of $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.

(2) Operating income during the 13 and 26 weeks ended July 31, 2021 includes $0.6 million credit to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities.