Goodwill and intangibles (Tables)

3 Months Ended

May 02, 2015

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)	Sterling Jewelers		Zale Jewelry			Piercing Pagoda		UK Jewelry		Other		Total
Balance at February 1, 2014	$	23.2	$	—		$	—	$	—	$	3.6	$	26.8
Acquisitions	—		499.4			—		—		—		499.4
Impact of foreign exchange	—		(7.0		)	—		—		—		(7.0		)
Balance at January 31, 2015	23.2		492.4			—		—		3.6		519.2
Impact of foreign exchange	—		1.5			—		—		—		1.5
Balance at May 2, 2015	$	23.2	$	493.9		$	—	$	—	$	3.6	$	520.7

Schedule of Finite-Lived Intangible Assets

No other intangible assets or liabilities were recognized prior to the acquisition of Zale Corporation on May 29, 2014. The following table provides additional detail regarding the composition of intangible assets and liabilities as of May 2, 2015 and January 31, 2015:

		May 2, 2015									January 31, 2015
(in millions)	Balance sheet location	Gross carrying amount			Accumulated amortization			Net carrying amount			Gross carrying amount			Accumulated amortization			Net carrying amount
Definite-lived intangible assets:
Trade names	Intangible assets, net	$	1.5		$	(0.3	)	$	1.2		$	1.5		$	(0.2	)	$	1.3
Favorable leases	Intangible assets, net	48.6			(12.6		)	36.0			48.1			(9.1		)	39.0
Total definite-lived intangible assets		50.1			(12.9		)	37.2			49.6			(9.3		)	40.3
Indefinite-lived trade names	Intangible assets, net	408.7			—			408.7			406.8			—			406.8
Total intangible assets, net		$	458.8		$	(12.9	)	$	445.9		$	456.4		$	(9.3	)	$	447.1
Definite-lived intangible liabilities:
Unfavorable leases	Other liabilities	$	(49.1	)	$	13.3		$	(35.8	)	$	(48.7	)	$	9.7		$	(39.0	)
Unfavorable contracts	Other liabilities	$	(65.6	)	$	19.0		$	(46.6	)	$	(65.6	)	$	13.8		$	(51.8	)
Total intangible liabilities, net		$	(114.7	)	$	32.3		$	(82.4	)	$	(114.3	)	$	23.5		$	(90.8	)