Segment Information (Tables)

9 Months Ended

Oct. 29, 2022

Segment Reporting Information, by Segment


	13 weeks ended				39 weeks ended
(in millions)	October 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Sales:
North America segment	$	1,464.8	$	1,394.2	$	4,786.2	$	4,657.9
International segment	95.3		120.9		316.9		309.0
Other segment	22.6		22.7		72.8		47.8
Total sales	$	1,582.7	$	1,537.8	$	5,175.9	$	5,014.7

Operating income (loss):
North America segment (1)	$	65.4	$	123.8	$	300.3	$	573.1
International segment	(6.5)		0.2		(14.9)		(4.0)
Other segment	(0.3)		(0.4)		4.5		(1.4)
Corporate and unallocated expenses (2)	(10.2)		(16.7)		(54.5)		(66.7)
Total operating income	48.4		106.9		235.4		501.0
Interest expense, net	(3.6)		(4.1)		(11.4)		(12.4)
Other non-operating expense, net	(2.7)		(1.1)		(139.6)		(0.9)
Income before income taxes	$	42.1	$	101.7	$	84.4	$	487.7

(1) Operating income during the 13 and 39 weeks ended October 29, 2022 includes $5.0 million and $15.2 million, respectively, of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct and Blue Nile acquisitions; and $4.7 million and $7.3 million, respectively of acquisition and integration-related expenses in connection with the Blue Nile acquisition. Operating income during the 39 weeks ended October 29, 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 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 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 credits of $1.0 million to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities.

(2) Operating income during the 13 and 39 weeks ended October 30, 2021 includes credits of $1.7 million and $2.3 million, respectively, to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities.