Segment information (Tables)

3 Months Ended

May 02, 2015

Segment Reporting Information, By Segment

Other consists of all non-reportable operating segments including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions that are below the quantifiable threshold for separate disclosure as a reportable segment.



	13 weeks ended
(in millions)	May 2, 2015			May 3, 2014
Sales:
Sterling Jewelers	$	944.2		$	903.5
Zale Jewelry	372.9			n/a
Piercing Pagoda	64.2			n/a
UK Jewelry	146.5			151.7
Other	2.8			0.9
Total sales	$	1,530.6		$	1,056.1

Operating income (loss):
Sterling Jewelers	$	178.2		$	166.3
Zale Jewelry⁽¹⁾	10.4			n/a
Piercing Pagoda⁽²⁾	5.1			n/a
UK Jewelry	0.5			—
Other⁽³⁾	(18.0		)	(15.6		)
Total operating income	$	176.2		$	150.7


⁽¹⁾	Includes net operating loss of $9.1 million related to the effects of purchase accounting associated with the acquisition of Zale Corporation for the 13 weeks ended May 2, 2015. See Note 3 for additional information.


⁽²⁾	Includes net operating loss of $2.3 million related to the effects of purchase accounting associated with the acquisition of Zale Corporation for the 13 weeks ended May 2, 2015. See Note 3 for additional information.


⁽³⁾	Includes $6.4 million and $8.4 million of transaction-related and integration expenses for the 13 weeks ended May 2, 2015 and May 3, 2014, respectively. Transaction costs include expenses associated with advisor fees for legal, tax, accounting and consulting expenses.


n/a	Not applicable as Zale division was acquired on May 29, 2014. See Note 3 for additional information.

Sales By Product



(in millions)	May 2, 2015		January 31, 2015		May 3, 2014
Total assets:
Sterling Jewelers	$	3,639.5	$	3,647.3	$	3,263.8
Zale Jewelry	1,893.9		1,903.6		n/a
Piercing Pagoda	128.0		132.8		n/a
UK Jewelry	427.7		413.5		493.2
Other	155.5		230.4		264.6
Total assets	$	6,244.6	$	6,327.6	$	4,021.6

n/aNot applicable as Zale division was acquired on May 29, 2014. See Note 3 for additional information.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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