Goodwill and intangibles

9 Months Ended

Nov. 01, 2014

Goodwill and intangibles

10. Goodwill and intangibles

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

(in millions)	Sterling Jewelers			UK Jewelry		Zale Jewelry		Piercing Pagoda		Other		Total
Balance at February 2, 2013	$	24.6		$	—	$	—	$	—	$	—	$	24.6
Acquisitions(1)		(1.4	)		—		—		—		3.6		2.2
Balance at February 1, 2014		23.2			—		—		—		3.6		26.8
Acquisitions(1)		—			—		497.5		—		—		497.5
Balance at November 1, 2014	$	23.2		$	—	$	497.5	$	—	$	3.6	$	524.3

(1) See Note 20 for additional discussion of the goodwill recorded by the Company during Fiscal 2014 and Fiscal 2015.

There have been no goodwill impairment losses recorded during the fiscal periods presented in these condensed consolidated financial statements. If future economic conditions are different than those projected by management, future impairment charges may be required.

Intangible Assets

Intangible assets with indefinite and definite lives represent the Zale trade names and favorable leases, which are included in intangible assets, net on the condensed consolidated balance sheets. The following table provides additional detail regarding the composition of intangible assets as of November 1, 2014, February 1, 2014 and November 2, 2013.

	November 1, 2014							February 1, 2014						November 2, 2013
	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
(in millions)
Definite-lived intangible assets
Trade names	$	1.6	$	(0.1	)	$	1.5	$	—	$	—	$	—	$	—	$	—	$	—
Favorable leases		49.7		(5.9	)		43.8		—		—		—		—		—		—
Total definite-lived intangible assets		51.3		(6.0	)		45.3		—		—		—		—		—		—
Indefinite-lived trade names		416.0		—			416.0		—		—		—		—		—		—
Total intangible assets, net	$	467.3	$	(6.0	)	$	461.3	$	—	$	—	$	—	$	—	$	—	$	—