Goodwill and intangibles (Tables)

6 Months Ended

Jul. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Reporting Unit

The following table summarizes the Company’s goodwill by reportable segment:

(in millions)	North America
Balance at January 28, 2023 (1)	$	751.7
Acquisitions (2)	2.4
Balance at July 29, 2023 (1)	$	754.1

(1)    The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of July 29, 2023 and January 28, 2023.

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

Schedule of Finite-Lived Intangible Assets

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

	July 29, 2023						January 28, 2023						July 30, 2022
(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	$	(8.5)	$	7.3	$	15.8	$	(7.6)	$	8.2	$	15.8	$	(6.6)	$	9.2
Indefinite-lived intangible assets (1)	399.2		—		399.2		399.2		—		399.2		303.6		—		303.6
Total intangible assets, net	$	415.0	$	(8.5)	$	406.5	$	415.0	$	(7.6)	$	407.4	$	319.4	$	(6.6)	$	312.8
Intangible liabilities, net	$	(38.0)	$	33.5	$	(4.5)	$	(38.0)	$	32.6	$	(5.4)	$	(38.0)	$	31.7	$	(6.3)

(1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Blue Nile trade name of $96.0 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:

	July 29, 2023						January 28, 2023						July 30, 2022
(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	$	(8.5)	$	7.3	$	15.8	$	(7.6)	$	8.2	$	15.8	$	(6.6)	$	9.2
Indefinite-lived intangible assets (1)	399.2		—		399.2		399.2		—		399.2		303.6		—		303.6
Total intangible assets, net	$	415.0	$	(8.5)	$	406.5	$	415.0	$	(7.6)	$	407.4	$	319.4	$	(6.6)	$	312.8
Intangible liabilities, net	$	(38.0)	$	33.5	$	(4.5)	$	(38.0)	$	32.6	$	(5.4)	$	(38.0)	$	31.7	$	(6.3)

(1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Blue Nile trade name of $96.0 million and the impact of foreign currency translation.