Goodwill and intangibles (Tables)

12 Months Ended

Feb. 03, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Reportable Segment

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)	267.1
Balance at January 28, 2023 (1)	$	751.7
Acquisitions (2)	2.8
Balance at February 3, 2024 (1)	$	754.5

(1)    For the periods presented, the carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million.

(2)    For the period ended February 3, 2024, the change in goodwill during the period primarily consists of the acquisition of SJR and the finalization of the purchase price allocation of Blue Nile. For the period ended January 28, 2023, the change in goodwill during the period primarily consists of 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:

	February 3, 2024						January 28, 2023
(in millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible assets, net:
Definite-lived intangible assets	$	11.2	$	(7.5)	$	3.7	$	15.8	$	(7.6)	$	8.2
Indefinite-lived intangible assets (1)	399.1		—		399.1		399.2		—		399.2
Total intangible assets, net	$	410.3	$	(7.5)	$	402.8	$	415.0	$	(7.6)	$	407.4
Intangible liabilities, net	$	(38.0)	$	34.4	$	(3.6)	$	(38.0)	$	32.6	$	(5.4)

(1)    The change in the indefinite-lived intangible asset balances during the periods presented was due to 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:

	February 3, 2024						January 28, 2023
(in millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible assets, net:
Definite-lived intangible assets	$	11.2	$	(7.5)	$	3.7	$	15.8	$	(7.6)	$	8.2
Indefinite-lived intangible assets (1)	399.1		—		399.1		399.2		—		399.2
Total intangible assets, net	$	410.3	$	(7.5)	$	402.8	$	415.0	$	(7.6)	$	407.4
Intangible liabilities, net	$	(38.0)	$	34.4	$	(3.6)	$	(38.0)	$	32.6	$	(5.4)

(1)    The change in the indefinite-lived intangible asset balances during the periods presented was due to the impact of foreign currency translation.

Schedule of Expected Future Amortization Expense for Intangible Assets

Expected future amortization for intangible assets and intangible liabilities recorded at February 3, 2024 is as follows:

(in millions)	Intangible assets amortization		Intangible liabilities amortization
Fiscal 2025	$	0.9	$	(1.8)
Fiscal 2026	0.5		(1.8)
Fiscal 2027	0.5		—
Fiscal 2028	0.5		—
Fiscal 2029	0.4		—
Thereafter	0.9		—
Total	$	3.7	$	(3.6)

Schedule of Expected Future Amortization of Intangible Liabilities

Expected future amortization for intangible assets and intangible liabilities recorded at February 3, 2024 is as follows:

(in millions)	Intangible assets amortization		Intangible liabilities amortization
Fiscal 2025	$	0.9	$	(1.8)
Fiscal 2026	0.5		(1.8)
Fiscal 2027	0.5		—
Fiscal 2028	0.5		—
Fiscal 2029	0.4		—
Thereafter	0.9		—
Total	$	3.7	$	(3.6)