Goodwill and Intangibles (Tables)

9 Months Ended

Oct. 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 January 29, 2022 (1)	$	484.6
Acquisitions (2)	267.7
Balance at October 29, 2022 (1)	$	752.3

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

(2)    The change in goodwill during the period represents the acquisition of Blue Nile and the finalization of the purchase price allocation 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:

	October 29, 2022						January 29, 2022						October 30, 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	$	(7.1)	$	8.7	$	15.8	$	(5.3)	$	10.5	$	15.8	$	(4.6)	$	11.2
Indefinite-lived intangible assets (1)	404.8		—		404.8		303.7		—		303.7		178.0		—		178.0
Total intangible assets, net	$	420.6	$	(7.1)	$	413.5	$	319.5	$	(5.3)	$	314.2	$	193.8	$	(4.6)	$	189.2
Intangible liabilities, net	$	(38.0)	$	32.2	$	(5.8)	$	(38.0)	$	30.8	$	(7.2)	$	(38.0)	$	30.5	$	(7.5)

(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, the addition of Blue Nile trade name of $102.0 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:

	October 29, 2022						January 29, 2022						October 30, 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	$	(7.1)	$	8.7	$	15.8	$	(5.3)	$	10.5	$	15.8	$	(4.6)	$	11.2
Indefinite-lived intangible assets (1)	404.8		—		404.8		303.7		—		303.7		178.0		—		178.0
Total intangible assets, net	$	420.6	$	(7.1)	$	413.5	$	319.5	$	(5.3)	$	314.2	$	193.8	$	(4.6)	$	189.2
Intangible liabilities, net	$	(38.0)	$	32.2	$	(5.8)	$	(38.0)	$	30.8	$	(7.2)	$	(38.0)	$	30.5	$	(7.5)

(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, the addition of Blue Nile trade name of $102.0 million and the impact of foreign currency translation.