Acquisitions (Tables)

9 Months Ended

Oct. 29, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of Estimated Fair Value of Assets and Liabilities Assumed

The following table presents the estimated fair value of the assets acquired and liabilities assumed from Diamonds Direct at the date of acquisition:

(in millions)
Inventories	$	229.1
Property, plant and equipment	32.3
Operating lease right-of-use assets	56.9
Intangible assets	126.0
Other assets	6.8
Identifiable assets acquired	451.1
Accounts payable	46.8
Deferred revenue	36.0
Operating lease liabilities	57.6
Deferred taxes	31.2
Other liabilities	27.6
Liabilities assumed	199.2
Identifiable net assets acquired	251.9
Goodwill	251.2
Net assets acquired	$	503.1

The following table presents the preliminary estimated fair value of the assets acquired and liabilities assumed from Blue Nile at the date of acquisition:

(in millions)
Inventories	$	90.2
Property, plant and equipment	39.5
Operating lease right-of-use assets	39.1
Intangible assets	102.0
Other assets	10.1
Identifiable assets acquired	280.9
Accounts payable	73.2
Deferred revenue	14.2
Operating lease liabilities	39.1
Other liabilities	17.0
Liabilities assumed	143.5
Identifiable net assets acquired	137.4
Goodwill	258.5
Net assets acquired	$	395.9