0001326380-22-000021 | 10-K | XBRL Viewer

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Class A Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
Beginning balance (in shares) at Feb. 02, 2019		102.0
Beginning balance at Feb. 02, 2019	$ 1,336.2	$ 0.1	$ 27.7	$ (54.3)	$ 1,362.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(470.9)				(470.9)
Foreign currency translation	(24.5)			(24.5)
Dividends declared	(38.5)				(38.5)
Stock-based compensation expense	$ 8.9		8.9
Repurchase of common shares (in shares)	(38.1)	(38.1)
Repurchase of common shares	$ (198.7)		(35.6)		(163.1)
Settlement of stock-based awards (in shares)		0.4
Settlement of stock-based awards	(1.0)		(1.0)
Ending balance (in shares) at Feb. 01, 2020		64.3
Ending balance at Feb. 01, 2020	611.5	$ 0.1	0.0	(78.8)	690.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(215.3)				(215.3)
Foreign currency translation	29.5			29.5
Stock-based compensation expense	7.9		7.9
Settlement of stock-based awards (in shares)		1.0
Settlement of stock-based awards	3.1		3.1
Ending balance (in shares) at Jan. 30, 2021		65.3
Ending balance at Jan. 30, 2021	436.7	$ 0.1	11.0	(49.3)	474.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(381.3)				(381.3)
Foreign currency translation	(19.4)			(19.4)
Stock-based compensation expense	30.5		30.5
Issuance of common stock, net of cost (in shares)		8.5
Issuance of common stock, net of cost	1,672.8		1,672.8
Settlement of stock-based awards (in shares)		2.1
Settlement of stock-based awards	(136.8)		(136.8)
Ending balance (in shares) at Jan. 29, 2022		75.9
Ending balance at Jan. 29, 2022	$ 1,602.5	$ 0.1	$ 1,577.5	$ (68.7)	$ 93.6

Intangible Assets - Schedule of Intangible Assets Other Than Goodwill (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	$ (99.6)	$ (113.2)
Indefinite and Finite-Lived Intangible Assets, Gross Carrying Amount	111.7	131.7
Indefinite and Finite-Lived Intangible Assets, Net Carrying Amount	12.1	18.5
Leasehold rights
Indefinite-lived Intangible Assets [Line Items]
Intangible assets with finite lives, Gross Carrying Amount	74.7	93.3
Accumulated Amortization	(67.9)	(80.5)
Net Carrying Amount	6.8	12.8
Other
Indefinite-lived Intangible Assets [Line Items]
Intangible assets with finite lives, Gross Carrying Amount	31.7	32.7
Accumulated Amortization	(31.7)	(32.7)
Net Carrying Amount	0.0	0.0
Trade names
Indefinite-lived Intangible Assets [Line Items]
Intangible assets with indefinite lives, Gross Carrying Amount	5.3	5.7
Accumulated Amortization	$ 0.0	$ 0.0

Income Taxes - Components of Earnings Before Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Tax Disclosure [Abstract]
United States	$ (362.7)	$ (224.6)	$ (352.8)
International	(32.7)	(45.3)	(74.0)
Loss from continuing operations before income taxes	$ (395.4)	$ (269.9)	$ (426.8)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

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Reference 9: http://www.xbrl.org/2003/role/exampleRef
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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Cash flows from operating activities:
Net loss	$ (381.3)	$ (215.3)	$ (470.9)
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization	77.2	80.7	96.2
Loss (gain) on retirement of debt	18.2	(1.5)	0.0
Goodwill and asset impairments	6.7	15.5	385.6
Stock-based compensation expense	30.5	7.9	8.9
Deferred income taxes	(16.3)	80.3	61.4
Loss (gain) on disposal of property and equipment, net	5.4	(27.3)	1.9
Loss on divestiture	0.0	0.0	9.1
Other	(3.5)	2.4	4.1
Changes in operating assets and liabilities:
Receivables, net	(38.4)	39.8	(10.9)
Merchandise inventories	(329.6)	282.4	361.1
Prepaid expenses and other current assets	(6.5)	8.4	3.6
Prepaid income taxes and income taxes payable	(21.7)	(87.0)	(75.9)
Accounts payable and accrued liabilities	224.4	(78.6)	(792.8)
Operating lease right-of-use assets and lease liabilities	(0.9)	19.0	4.1
Changes in other long-term liabilities	1.5	(3.0)	0.0
Net cash flows (used in) provided by operating activities	(434.3)	123.7	(414.5)
Cash flows from investing activities:
Capital expenditures	(62.0)	(60.0)	(78.5)
Proceeds from sale of property and equipment	0.0	95.5	0.0
Proceeds from divestitures, net of cash sold	0.0	0.0	5.2
Proceeds from company-owned life insurance, net	0.0	0.0	12.0
Other	(2.8)	1.4	0.4
Net cash flows (used in) provided by investing activities	(64.8)	36.9	(60.9)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of costs	1,672.8	0.0	0.0
Net repayments of senior notes	(307.4)	(130.3)	(404.5)
Repurchase of common shares	0.0	0.0	(198.7)
Proceeds from French term loans	0.0	47.1	0.0
Dividends paid	0.0	(0.3)	(40.5)
Borrowings from the revolver	0.0	150.0	0.0
Repayments of revolver borrowings	(25.0)	(125.0)	0.0
Settlement of stock-based awards	(136.8)	3.1	(1.0)
Payments of financing costs	(3.0)	0.0	0.0
Net cash flows provided by (used in) financing activities	1,200.6	(55.4)	(644.7)
Exchange rate effect on cash, cash equivalents and restricted cash	(16.6)	16.3	(6.9)
Increase (decrease) in cash, cash equivalents and restricted cash	684.9	121.5	(1,127.0)
Cash, cash equivalents and restricted cash at beginning of period	635.0	513.5	1,640.5
Cash, cash equivalents and restricted cash at end of period	$ 1,319.9	$ 635.0	$ 513.5

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Deferred tax asset:
Inventory	$ 8.6	$ 1.5
Deferred rents	0.9	2.1
Operating lease liabilities	180.0	212.3
Stock-based compensation	4.7	1.5
Net operating losses and other loss carryforwards	219.8	111.8
Customer liabilities	15.1	18.1
Credits	25.1	27.6
Accrued compensation	9.3	12.9
Intangible assets	25.5	29.8
Goodwill	0.9	1.2
Other	48.1	24.5
Total deferred tax assets	538.0	443.3
Valuation allowance	(338.3)	(225.7)
Total deferred tax assets, net	199.7	217.6
Deferred tax liabilities:
Property and equipment	(5.4)	(7.9)
Prepaid expenses	(0.9)	(2.0)
Operating lease right-of-use assets	(177.1)	(207.4)
Other	0.0	(0.3)
Total deferred tax liabilities	(183.4)	(217.6)
Net deferred tax assets	16.3	0.0
The above amounts are reflected in the consolidated financial statements as:
Deferred income taxes - assets	16.3	0.0
Other Noncurrent Liabilities
The above amounts are reflected in the consolidated financial statements as:
Deferred income taxes - liabilities	$ 0.0	$ 0.0

Accrued and Other Current Liabilities

12 Months Ended

Jan. 29, 2022

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

The following table presents our accrued and other current liabilities:


	January 29, 2022		January 30, 2021
Customer-related liabilities	$	247.5	$	251.7
Deferred revenue	142.3		119.9
Employee benefits, compensation and related taxes	97.9		104.4
Checks and transfers yet to be presented for payment from zero balance cash accounts	5.3		4.1
Income and other taxes payable	30.7		47.1
Other accrued liabilities	145.2		99.6
Total accrued and other current liabilities	$	668.9	$	626.8

Summary of Significant Accounting Policies - Advertising Expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Accounting Policies [Abstract]
Advertising expense	$ 93.6	$ 58.4	$ 66.7

Intangible Assets - Estimated Aggregate Intangible Asset Amortization Expense (Details) $ in Millions	Jan. 29, 2022 USD ($)
Projected Amortization Expense
Fiscal 2022	$ 2.1
Fiscal 2023	1.6
Fiscal 2024	1.3
Fiscal 2025	0.9
Fiscal 2026	$ 0.6

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Income Taxes [Line Items]
Valuation allowance, deferred tax asset	$ 128.9
Tax credit carryforward, amount	22.2
Income taxes receivable		$ 168.6
Unrecognized tax benefits	9.1	5.7	$ 6.5	$ 22.5
Impact effective tax rate	9.1
Penalties and interest accrued	3.8	3.4	2.8
Income tax penalties and interest expense	0.4	$ 0.6	$ 2.6
NOL with expiration
Income Taxes [Line Items]
Operating loss carryforwards	8.0
NOL with expiration \| Geeknet
Income Taxes [Line Items]
Operating loss carryforwards	56.1
NOL without expiration
Income Taxes [Line Items]
Operating loss carryforwards	363.1
Foreign Tax Authority
Income Taxes [Line Items]
Valuation allowance, deferred tax asset	$ 16.3
State and Local Jurisdiction \| Minimum
Income Taxes [Line Items]
Examination years subject to examination	3 years
State and Local Jurisdiction \| Maximum
Income Taxes [Line Items]
Examination years subject to examination	6 years

Revenue (Tables)

12 Months Ended

Jan. 29, 2022

Revenue from Contract with Customer [Abstract]

Sales and Percentage of Total Net Sales by Significant Product Category

The following table presents net sales by significant product category:


	Fiscal Year
	2021		2020		2019
Hardware and accessories (1)	$	3,171.7	$	2,530.8	$	2,722.2
Software (2)	2,014.8		1,979.1		3,006.3
Collectibles	824.2		579.9		737.5
Total	$	6,010.7	$	5,089.8	$	6,466.0

(1) Includes sales of new and pre-owned hardware, accessories, hardware bundles in which hardware and digital or physical software are sold together in a single SKU, interactive game figures, strategy guides, mobile and consumer electronics, and the operations of our Simply Mac stores, which were sold in September 2019.

(2) Includes sales of new and pre-owned gaming software, digital software and PC entertainment software.

Performance Obligations Associated with Subscriptions

The following table presents our performance obligations:


	Fiscal Year
	2021		2020
Unredeemed customer liabilities	$	246.6	$	244.1
Extended warranties	82.6		65.1
Subscription	49.1		39.0

Contract with Customer, Asset and Liability

The following table presents a roll forward of our contract liabilities:


	Fiscal Year
	2021		2020
Contract liability beginning balance	$	348.2	$	339.2
Increase to contract liabilities (1)	931.0		953.8
Decrease to contract liabilities (2)	(896.1)		(950.0)
Other adjustments (3)	(4.8)		5.2
Contract liability ending balance	$	378.3	$	348.2

__________________________________________

(1) Includes issuances of gift cards, trade-in credits and loyalty points, new reservation deposits, new subscriptions to Game Informer and extended warranties sold.

(2) Includes redemptions of gift cards, trade-in credits, loyalty points and reservation deposits as well as revenues recognized for Game Informer and extended warranties. During fiscal 2021, there were $48.8 million of gift cards redeemed that were outstanding as of January 30, 2021. During fiscal 2020, there were $45.1 million of gift cards redeemed that were outstanding as of February 1, 2020.

(3) Primarily includes foreign currency translation adjustments.

General Information (Details)	12 Months Ended
General Information (Details)	Jan. 29, 2022 segment
Accounting Policies [Abstract]
Number of operating segments	4

Leases - Minimum Lease Obligations for Operating Lease Liabilities (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Fiscal Year 2022	$ 244.0
Fiscal Year 2023	145.3
Fiscal Year 2024	98.0
Fiscal Year 2025	65.3
Fiscal Year 2026	42.5
Thereafter	69.4
Total remaining lease payments	664.5
Less: Interest	(60.0)
Present value of lease liabilities	604.5
Current portion of operating lease liabilities	210.7	$ 227.4
Operating lease liabilities	$ 393.7	$ 456.7

Debt - Interest Paid (Details) - USD ($) $ in Millions	12 Months Ended
Debt - Interest Paid (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Debt Disclosure [Abstract]
Cash paid for interest	$ 18.3	$ 32.8	$ 43.5
Cash received for interest income	0.0	(1.4)	(9.2)
Cash paid for interest, net	$ 18.3	$ 31.4	$ 34.3

Common Stock and Share-Based Compensation

12 Months Ended

Jan. 29, 2022

Share-based Payment Arrangement [Abstract]

Common Stock and Share-Based Compensation

Common Stock

The holders of Class A Common Stock are entitled to one vote per share on all matters to be voted on by stockholders. Holders of Class A Common Stock will share in any dividend declared by our Board of Directors. In the event of our liquidation, dissolution or winding up, all holders of common stock are entitled to share ratably in any assets available for distribution to holders of shares of common stock.

During 2021, we sold an aggregate of 8,500,000 shares of our common stock under our at-the market equity offering program (the "ATM Transactions"). We generated $1.68 billion in aggregate gross proceeds from sales under the ATM Transactions and paid an aggregate of $10.1 million in commissions to the sales agent, among other legal and administrative fees. These commissions and fees are recognized in additional paid-in capital on our Consolidated Balance Sheets and SG&A expenses in our Consolidated Statements of Operations.

In fiscal 2021 and 2020, we had 77.2 million and 69.9 million shares of Class A Common Stock, including unvested restricted shares, legally issued and outstanding.

Share-Based Compensation

In June 2019, we adopted the GameStop Corp. 2019 Incentive Plan (the "2019 Plan"), which provides for the grant of equity awards to our officers, associates, consultants, advisors and directors and which replaced the Amended and Restated GameStop Corp. 2011 Incentive Plan (the "2011 Plan"). Awards under the 2019 Plan may take the form of stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance awards and other share-based awards, or any combination of the foregoing. The 2019 Plan allows for 6,500,000 shares of Company Class A Common Stock, plus any shares subject to 2011 Plan awards that expire, are forfeited, canceled or terminated after the adoption of the 2019 Plan. No awards were granted under the 2011 Plan after the adoption of the 2019 Plan. We have also granted restricted stock pursuant to certain "inducement" (i.e., non-plan) award agreements, in accordance with NYSE Listing Rule 303A.08. These inducement awards have generally mirrored the terms of restricted stock awards issued under our stockholder approved equity plans.

Stock Options

There were no options granted during fiscal 2021, 2020 and 2019. As of January 29, 2022, there were no outstanding and exercisable options.

There were no options exercised during fiscal 2021 and 138,480 options exercised during fiscal 2020. There was no intrinsic value of both options exercisable and options outstanding as of January 29, 2022.

Restricted Stock Units

Restricted Stock Units (RSUs) represent a right to receive one share or the value of one share upon the terms and conditions set forth in the applicable plan and award agreement. We grant RSUs to certain of our associates, officers and non-associate directors. We used the stock price on the grant date to estimate the fair value of our RSUs. The grant date fair value of RSUs is amortized to expense on a straight-line basis over the vesting period. The weighted average grant date fair value per share of our RSUs granted during the year was $179.45 in 2021. RSUs granted in 2021 are not dividend eligible.

Restricted Stock Award

The fair value of restricted stock awards (RSAs) is recognized as compensation expense on a straight-line basis between the grant date and the date the RSAs become fully vested. We have granted RSAs to certain of our associates, officers and non-associate directors. We estimate the fair value of RSAs on the grant date based on the quoted market price of our common stock.

Shares of restricted stock granted by us are considered to be legally issued and outstanding as of the date of grant, notwithstanding that the shares remain subject to risk of forfeiture if the vesting conditions for such shares are not met and are included in the number of shares of Class A Common Stock outstanding disclosed on the cover page of this annual report on Form 10-K as of March 11, 2022. In accordance with accounting guidance, the financial statement presentation excludes unvested shares of restricted Class A Common Stock, as restricted shares are treated as issued and outstanding for financial statement presentation purposes only after such shares have vested and, therefore, have ceased to be subject to a risk of forfeiture.

Time-based RSAs and RSUs generally vest in installments, generally over a three or four year period following the date of issuance, subject to continued service with us, and subject further to accelerated vesting in the case of retirement eligibility and certain termination events.

Performance-based RSAs vest based on the achievement of certain performance measures. RSAs subject to performance measures may generally be earned in greater or lesser percentages if performance goals are exceeded or not achieved by specified amounts.

The following table presents a summary of our RSAs activity:


	Time-Based Restricted Stock Awards			Performance-Based Restricted Stock Awards
	Shares	Weighted- Average Grant Date Fair Value		Shares(1)	Weighted- Average Grant Date Fair Value








Nonvested shares at January 30, 2021	3,005,950	$	5.83	1,560,164	$	6.79
Granted	185,743	$	117.67	—	$	—
Vested	(2,745,804)	$	5.84	—	$	—
Forfeited	(250,278)	$	42.30	(1,367,029)	$	7.09
Nonvested shares at January 29, 2022	195,611	$	65.16	193,135	$	4.66

_______________

(1) On March 11, 2022, the Company determined that the performance measures have not been achieved and the performance-based RSA shares have been forfeited.

The following table presents a summary of our RSUs activity:


	Time-Based Restricted Stock Units
	Shares	Weighted- Average Grant Date Fair Value








Nonvested shares at January 30, 2021	—	$	—
Granted	1,001,565	179.45
Vested	(341)	204.36
Forfeited	(64,360)	197.15
Nonvested shares at January 29, 2022	936,864	$	178.22

In fiscal 2021, 2020 and 2019, there were 1.3 million, 4.6 million and 3.4 million, respectively, of unvested restricted stock and restricted stock units.

In fiscal 2021, 2020 and 2019, we granted 185,743, 2,068,176 and 2,398,748 shares, respectively, of time-based restricted stock with weighted-average grant date fair values of $117.67, $4.65 and $8.05, respectively. In fcal 2020 and 2019, we granted 501,612 and 1,199,042 shares, respectively, of performance-based restricted stock with weighted-average grant date fair values of $4.58 and $7.95, respectively. There were no grants of performance-based restricted stock in fiscal 2021.

During fiscal 2021, 2020 and 2019, we included compensation expense relating to the grants of restricted share awards and units in the amounts of $30.5 million, $7.9 million and $8.9 million, respectively, in SG&A expenses in our Consolidated Statements of Operations. As of January 29, 2022, there was $10.3 million of unrecognized compensation expense related to nonvested time-based restricted shares that is expected to be recognized over a weighted-average period of 2.8 years. As of January 29, 2022, there was $151.2 million of unrecognized compensation expense related to nonvested time-based restricted stock units that is expected to be recognized over a weighted-average period of 3.6 years.

The total income tax expense, inclusive of excess tax deficiencies and valuation allowances, associated with stock-based compensation was zero, $1.0 million and $1.2 million for fiscal 2021, 2020 and 2019, respectively. The total fair value of RSAs and RSUs vested, as of their respective vesting dates, was $16.8 million, $5.1 million, and $4.6 million during fiscal 2021, 2020 and 2019.

Common Stock and Share-Based Compensation (Tables)

12 Months Ended

Jan. 29, 2022

Share-based Payment Arrangement [Abstract]

Summary of Company's Restricted Stock Awards Activity

The following table presents a summary of our RSAs activity:


	Time-Based Restricted Stock Awards			Performance-Based Restricted Stock Awards
	Shares	Weighted- Average Grant Date Fair Value		Shares(1)	Weighted- Average Grant Date Fair Value








Nonvested shares at January 30, 2021	3,005,950	$	5.83	1,560,164	$	6.79
Granted	185,743	$	117.67	—	$	—
Vested	(2,745,804)	$	5.84	—	$	—
Forfeited	(250,278)	$	42.30	(1,367,029)	$	7.09
Nonvested shares at January 29, 2022	195,611	$	65.16	193,135	$	4.66

_______________

(1) On March 11, 2022, the Company determined that the performance measures have not been achieved and the performance-based RSA shares have been forfeited.

The following table presents a summary of our RSUs activity:


	Time-Based Restricted Stock Units
	Shares	Weighted- Average Grant Date Fair Value








Nonvested shares at January 30, 2021	—	$	—
Granted	1,001,565	179.45
Vested	(341)	204.36
Forfeited	(64,360)	197.15
Nonvested shares at January 29, 2022	936,864	$	178.22

Fair Value Measurements and Financial Instruments (Tables)

12 Months Ended

Jan. 29, 2022

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table presents our assets and liabilities measured at fair value on a recurring basis, which utilize Level 2 inputs:


	January 29, 2022		January 30, 2021
Assets:
Foreign currency contracts (1)	$	3.8		$	2.5
Company-owned life insurance(2)	0.6			2.7
Total assets	$	4.4		$	5.2
Liabilities:
Foreign currency contracts (3)	$	0.4		$	2.4
Nonqualified deferred compensation(3)	0.6			0.6
Total liabilities	$	1.0		$	3.0

___________________

(1) Recognized in prepaid expenses and other current assets on our Consolidated Balance Sheets.

(2) Recognized in other non-current assets on our Consolidated Balance Sheets.

(3) Recognized in accrued liabilities and other current liabilities on our Consolidated Balance Sheets.

Gains and Losses on Derivative Instruments and Foreign Currency Transaction

The following table presents activity related to the trading of derivative instruments and the offsetting impact of related balances denominated in foreign currencies recognized in SG&A expenses in our Consolidated Statements of Operations:


	Fiscal Year
	2021		2020		2019
Gains (losses) on the changes in fair value of derivative instruments	$	9.6	$	(6.1)	$	4.1
(Losses) gains on the re-measurement of related intercompany loans and third-party accounts payable denominated in foreign currencies	(13.0)		5.1		(3.1)
Net (losses) gains	$	(3.4)	$	(1.0)	$	1.0

Income Taxes - Certain Prior Year Income Tax Rates (Details)	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21.00%	21.00%	21.00%
State income taxes, net of federal effect	3.10%	5.00%	(1.00%)
Foreign income tax rate differential	0.40%	(3.90%)	(0.50%)
Change in valuation allowance	(33.60%)	(41.80%)	(17.90%)
Change in unrecognized tax benefits	(1.40%)	0.00%	3.40%
Foreign tax credit	0.00%	0.00%	0.20%
Withholding tax expense	(0.30%)	(0.30%)	(0.20%)
Stock-based compensation	6.40%	0.00%	0.00%
Impairment of goodwill	0.00%	0.00%	(15.40%)
Nondeductible interest	0.00%	0.00%	(0.10%)
U.S. impact of foreign operations	0.00%	7.60%	0.00%
Incremental benefit of net operating loss carryback	3.60%	23.50%	0.00%
Loss on worthless debt and related investment	5.50%	10.70%	0.00%
Simply Mac loss on sale	0.00%	0.00%	1.60%
Other (including permanent differences)	(1.10%)	(1.30%)	0.10%
Effective income tax rate reconciliation	3.60%	20.50%	(8.80%)
Effective income tax rate reconciliation, other	5.00%	5.00%	5.00%

Summary of Significant Accounting Policies

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Cash and Cash Equivalents

We consider all short-term, highly-liquid instruments purchased with a remaining maturity of three months or less to be cash equivalents. Our cash and cash equivalents are carried at cost, which approximates market value, and consist primarily of time deposits with highly rated commercial banks. From time to time depending upon interest rates, credit worthiness and other factors, we invest in money market investment funds holding direct U.S. Treasury obligations.

Restricted Cash

Restricted cash of $48.5 million and $126.5 million as of January 29, 2022 and January 30, 2021, respectively, consists primarily of bank deposits that collateralize our obligations to vendors and landlords.

Merchandise Inventories

Our merchandise inventories are carried at the lower of cost or market generally using the average cost method. Under the average cost method, as new product is received from vendors, its current cost is added to the existing cost of product on-hand and this amount is re-averaged over the cumulative units. Pre-owned gaming systems and other products traded in by customers are recorded as inventory at the amount of the store credit given to the customer. We are required to make adjustments to inventory to reflect potential obsolescence or over-valuation as a result of cost exceeding market. In valuing inventory, we consider quantities on hand, recent sales, potential price protections, returns to vendors and other factors. Our ability to assess these factors is dependent upon our ability to forecast customer demand and to provide a well-balanced merchandise assortment. Inventory is adjusted based on anticipated physical inventory losses or shrinkage and actual losses resulting from periodic physical inventory counts. Inventory reserves as of January 29, 2022 and January 30, 2021 were $34.6 million and $45.2 million, respectively.

Assets Held-for-Sale

As of February 1, 2020, our corporate aircraft was classified as assets held-for-sale which had an estimated fair value, less costs to sell, of $11.8 million. We recognized impairment charges of $3.2 million on our corporate aircraft during the 52 weeks ended January 30, 2021, which was partially attributable to recent economic impacts associated with the COVID-19 pandemic. On June 5, 2020, we sold our corporate aircraft with net cash proceeds from the sale totaling $8.6 million, net of costs to sell. No gain or loss on the sale of the aircraft was recognized.

Property and Equipment

The following table presents property and equipment, net:


	Estimated Useful Lives (Years)	January 29, 2022		January 30, 2021
Land	N/A	$	4.2	$	4.6
Buildings and leasehold improvements	1-10	457.8		496.6
Fixtures and equipment	3-10	731.4		817.7
Total property and equipment		1,193.4		1,318.9
Accumulated depreciation		(1,029.8)		(1,117.7)
Property and equipment, net		$	163.6	$	201.2

Property and equipment are carried at cost less accumulated depreciation and amortization. Depreciation on fixtures and equipment is computed using the straight-line method over their estimated useful lives. Maintenance and repairs are expensed as incurred, while improvements and major remodeling costs are capitalized. Leasehold improvements are capitalized and amortized over the shorter of their estimated useful lives or the terms of the respective leases, which includes reasonably certain renewal options. Costs incurred in purchasing or developing management information systems are capitalized and included in fixtures and equipment. These costs are amortized over their estimated useful lives from the date the technology becomes operational. Our total depreciation expense was $73.6 million, $76.8 million and $90.8 million for fiscal 2021, 2020 and 2019, respectively in selling, general and administrative ("SG&A") expenses in our Consolidated Statements of Operations.

We periodically review our property and equipment when events or changes in circumstances indicate that its carrying amounts may not be recoverable or its depreciation or amortization periods should be accelerated. We assess recoverability based on several factors, including our intention with respect to our stores and those stores' projected undiscounted cash flows. An impairment loss is recognized for the amount by which the carrying amount of the assets exceeds its fair value, determined based on an estimate of discounted future cash flows or readily available market information for similar assets. We recorded impairment losses of $3.8 million, $7.2 million and $6.6 million in fiscal 2021, 2020 and 2019, respectively in our Consolidated Statements of Operations. See Note 9, "Asset Impairments," for additional information regarding our asset impairment charges.

Share Repurchases

On March 4, 2019, our Board of Directors approved a new share repurchase authorization allowing our management to repurchase up to $300 million of our Class A Common Stock with no expiration date. In aggregate, during fiscal 2019, we repurchased a total of 38.1 million shares of our Class A Common Stock, totaling $198.7 million, at an average price of $5.19 per share. We did not repurchase shares during fiscal 2021 or fiscal 2020. As of January 29, 2022, we have $101.3 million remaining under the repurchase authorization.

Digital Assets

We account for digital assets in accordance with ASC 350, Intangibles-Goodwill and Other (Topic 350). Our digital assets are initially recorded at cost. Accordingly, if the fair market value at any point during the reporting period is lower than the carrying value, an impairment loss equal to the difference will be recognized in SG&A expenses in our Consolidated Statement of Operations. This new cost basis will not be adjusted upward for any subsequent increase in fair value. Gains or losses on the sale of digital assets, if any, will be recognized based on the fair value upon sale or disposal of the assets in SG&A expenses in our Consolidated Statement of Operations.

In January 2022, we entered into a partnership with Immutable X Pty Limited (“IMX”) and Digital Worlds NFTs Ltd. ("Digital Worlds") pursuant to which the Company is entitled to receive digital assets in the form of IMX tokens once certain milestones have been achieved. Upon entering the agreements, we recognized a noncurrent receivable and deferred revenue of $79 million determined at the fair value of the digital asset at the date of the agreement. Once the IMX tokens are received, we

would record the digital asset as an indefinite-lived intangible asset and derecognize the noncurrent receivable. The deferred revenue will be recognized over the term of the agreement. Noncurrent receivables and deferred revenue are recognized in other noncurrent assets and other long-term liabilities, respectively, on our Consolidated Balance Sheets.

Goodwill and Intangible Assets

Goodwill represents the excess purchase price over tangible net assets and identifiable intangible assets acquired. Intangible assets are recorded apart from goodwill if they arise from a contractual right and are capable of being separated from the entity and sold, transferred, licensed, rented or exchanged individually. We are required to evaluate goodwill and other intangible assets not subject to amortization for impairment at least annually. This annual test is completed at the beginning of the fourth quarter of each fiscal year or when circumstances indicate the carrying value of the goodwill or other intangible assets might be impaired. Goodwill has been assigned to reporting units for the purpose of impairment testing.

We recognized goodwill impairment charges of $363.9 million in fiscal 2019 in our Consolidated Statements of Operations, primarily due to a decline in our market capitalization. As a result of the goodwill impairment charge, we have no remaining goodwill.

Our indefinite-lived intangible assets consist of trade names that are not amortized but are required to be evaluated at least annually for impairment. If the carrying value of an individual indefinite-lived intangible asset exceeds its fair value, such individual indefinite-lived intangible asset is impaired by the amount of the excess. The fair value of our trade names are estimated by using a relief-from-royalty approach, which assumes the value of the trade name is the discounted cash flows of the amount that would be paid by a hypothetical market participant had they not owned the trade name and instead licensed the trade name from another company. As a result of our annual impairment testing in fiscal years 2021, 2020 and 2019, we recognized impairment charges totaling zero, $1.1 million and $2.3 million, respectively, associated with our trade names. See Note 11, "Intangible Assets" for additional information.

Our definite-lived intangible assets consist primarily of leasehold rights. The estimated useful life and amortization methodology of intangible assets are determined based on the period in which they are expected to contribute directly to cash flows. Intangible assets that are determined to have a definite life are amortized over the life of the asset.

Revenue Recognition

We recognize revenue when performance obligations are satisfied by transferring goods or services to the customer in an amount that we expect to collect in exchange for those goods or services. The satisfaction of a performance obligation with a single customer may occur at a point in time or may occur over time. The significant majority of our revenue is recognized at a point in time, generally when a customer purchases and takes possession of merchandise through our stores or when merchandise purchased through our ecommerce properties is delivered to a customer. We have arrangements with customers where our performance obligations are satisfied over time, which primarily relate to extended warranties and our Game Informer magazine. In arrangements where we have multiple performance obligations, the transaction price is allocated to each performance obligation based on their relative stand-alone selling price (see "Loyalty Program").

Revenue is recognized net of sales discounts and net of an estimated sales return reserve. Our sales return policy is generally limited to 30 days or less and as such our sales returns are, and historically have been, immaterial. Revenues do not include sales taxes or other taxes collected from customers.

Advertising revenues for Game Informer are recorded upon release of magazines for sale to consumers. Subscription revenues for our PowerUp Rewards loyalty program and magazines are recognized on a straight-line basis over the subscription period. Revenue from the sales of product replacement plans is recognized on a straight-line basis over the coverage period. Customer liabilities and other deferred revenues for our PowerUp Rewards loyalty program, gift cards, customer credits, magazines and product replacement plans are included in accrued liabilities and other current liabilities on our Consolidated Balance Sheets.

We also sell a variety of digital products which generally allow consumers to download software or play games on the internet. The significant majority of the digital products we sell are unbundled and do not require us to purchase inventory or take physical possession of, or take title to, inventory. When purchasing these products from us, consumers pay a retail price and we earn a commission based on a percentage of the retail sale as negotiated with the digital product publisher. We recognize the sale of these digital products on a net basis, whereby the commissions earned are recorded as revenue.

Loyalty Program

Our PowerUp Rewards loyalty program allows members to earn points on purchases that can be redeemed for rewards that include discounts or coupons. When loyalty program members purchase our product, we allocate the transaction price between the product and loyalty points earned based on the relative stand-alone selling prices and expected point redemption. The portion allocated to the loyalty points is initially recorded as deferred revenue and subsequently recognized as revenue upon redemption or expiration.

The two primary estimates utilized to record the deferred revenue for loyalty points earned by members are the estimated retail price per point and estimated breakage. The estimated retail price per point is based on the actual historical retail prices of product purchased through the redemption of loyalty points. We estimate breakage of loyalty points based on historical redemption rates. We continually evaluate our methodology and assumptions based on developments in retail price per point redeemed, redemption patterns and other factors. Changes in the retail price per point and redemption rates have the effect of either increasing or decreasing the deferred revenue liability through current period revenue by an amount estimated to represent the retail value of all points previously earned but not yet redeemed by loyalty program members as of the end of the reporting period. The cost of administering the loyalty program, including program administration fees, program communications and cost of loyalty cards, is recognized in SG&A expenses in our Consolidated Statement of Operations.

Customer Liabilities

We establish a liability upon the issuance of merchandise credits and the sale of gift cards. Revenue is subsequently recognized when the credits and gift cards are redeemed. In addition, we recognize breakage in revenue upon redemption and in proportion to historical redemption patterns, regardless of the age of the unused gift cards and merchandise credit liabilities. To the extent that future redemption patterns differ from those historically experienced, there will be variations in the recorded breakage.

Vendor Arrangements

We participate in vendor cooperative advertising programs and other vendor marketing programs in which vendors provide us with cash consideration in exchange for marketing and advertising the vendors’ products. Our accounting for cooperative advertising arrangements and other vendor marketing programs results in a significant portion of the consideration received from our vendors reducing the product costs in inventory rather than as an offset to our marketing and advertising costs. The consideration serving as a reduction in inventory is recognized in cost of sales as inventory is sold. The amount of vendor allowances to be recorded as a reduction of inventory is determined based on the nature of the consideration received and the merchandise inventory to which the consideration relates. We apply a sell-through rate to determine the timing in which the consideration should be recognized in cost of sales. Consideration received that relates to gaming products that have not yet been released to the public is deferred as a reduction of inventory.

The cooperative advertising programs and other vendor marketing programs generally cover a period from a few days up to a few weeks and include items such as product catalog advertising, in-store display promotions, internet advertising, co-op print advertising and other programs. The allowance for each event is negotiated with the vendor and requires specific performance by us to be earned. Vendor allowances of $71.7 million, $72.5 million and $108.5 million were recorded as a reduction of cost of sales for fiscal 2021, 2020 and 2019, respectively, in our Consolidated Statements of Operations.

Cost of Sales and Selling, General and Administrative Expenses Classification

The classification of cost of sales and SG&A expenses varies across the retail industry. We include certain purchasing, receiving and distribution costs in SG&A in the Consolidated Statements of Operations. We include processing fees associated with purchases made by credit cards and other payment methods in cost of sales in our Consolidated Statements of Operations.

Advertising Expenses

We expense advertising costs for television, print, digital advertising, and other media when the advertising takes place. Advertising expenses for fiscal 2021, 2020 and 2019 totaled $93.6 million, $58.4 million, and $66.7 million, respectively.

Income Taxes

Income tax expense includes federal, state, local and international income taxes. Income taxes are accounted for utilizing an asset and liability approach and deferred tax assets and liabilities are recognized for the tax consequences of temporary differences between the financial reporting basis and the tax basis of existing assets and liabilities using enacted tax rates. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. Valuation allowances are recorded to reduce deferred tax assets to the amount that will more likely than not be realized. In accordance with GAAP, we maintain liabilities for uncertain tax positions until examination of the tax year is completed by the applicable taxing authority, available review periods expire or additional facts and circumstances cause us to change our assessment of the appropriate accrual amount. See Note 15, "Income Taxes," for additional information.

We do not assert indefinite reinvestment on the undistributed earnings of our foreign subsidiaries. Income tax and/or withholding tax associated with any amounts available for distribution as of January 29, 2022 is not expected to be material to our financial statements.

Leases

We conduct the substantial majority of our business with leased real estate properties, including retail stores, warehouse facilities and office space. We also lease certain equipment and vehicles. These are generally leased under non-cancelable agreements and include various renewal options for additional periods. These agreements generally provide for minimum, and in some cases, percentage rentals, and require us to pay insurance, taxes and other maintenance costs. Percentage rentals are based on sales performance in excess of specified minimums at various stores and are accounted for in the period in which the amount of percentage rentals can be accurately estimated. All of our lease agreements are classified as operating leases.

We determine if an arrangement is considered a lease at inception. We recognize ROU assets, on the commencement date based on the present value of future minimum lease payments over the lease term, including reasonably certain renewal options. As the rate implicit in the lease is not readily determinable for most leases, we utilize our incremental borrowing rate ("IBR") to determine the present value of future payments. The incremental borrowing rate represents a significant judgment that is based on an analysis of our credit rating, country risk, corporate bond yields and the effect of collateralization. For our real estate leases, we do not separate the components of a contract, thus our future payments include minimum rent payments and fixed executory costs. For our non-real estate leases, future payments include only fixed minimum rent payments. We record the amortization of our ROU assets and the accretion of our lease liabilities as a single lease cost on a straight-line basis over the lease term, which includes option terms we are reasonably certain to exercise. We recognize our cash or lease incentives as a reduction to the ROU asset. We assess ROU assets for impairment in accordance with our long-lived asset impairment policy, which is performed periodically or when events or changes in circumstances indicate that the carrying amount may not be recoverable.

Foreign Currency

Generally, we have determined that the functional currencies of our foreign subsidiaries are the subsidiaries’ local currencies. The assets and liabilities of the subsidiaries are translated into U.S. dollars at the applicable exchange rate as of the end of the balance sheet date and revenue and expenses are translated into U.S. dollars at an average rate over the period. Currency translation adjustments are recorded as a component of other comprehensive income in our Consolidated Statement of Comprehensive Loss. Currency translation adjustments related to divested foreign businesses are reclassified into earnings as a component of SG&A in our Consolidated Statements of Operations once the liquidation of the respective foreign businesses is substantially complete.

Transaction gains and losses arising from transactions denominated in foreign currencies as well as derivatives resulted in net losses of $3.4 million in fiscal 2021, net losses of $1.0 million in fiscal 2020 and net gains of $1.0 million in fiscal 2019, and are included in SG&A expenses in the Consolidated Statements of Operations. Foreign currency transaction gains and losses are the result of decreases or increases in the value of the U.S. dollar compared to the functional currencies of the countries in which we operate internationally.

We use forward exchange contracts to manage currency risk primarily related to foreign-currency denominated intercompany assets and liabilities. The forward exchange contracts are not designated as hedges and, therefore, changes in the fair values of these derivatives are recognized in earnings, thereby offsetting the current earnings effect of the re-measurement of related intercompany loans. See Note 12, "Fair Value Measurements and Financial Instruments," for additional information regarding our forward exchange contracts.

Common Stock and Share-Based Compensation - Stock Options (Details) - USD ($)	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Share-based Payment Arrangement [Abstract]
Granted (in shares)	0	0	0
Outstanding (in shares)	0
Exercisable (in shares)	0
Options exercised (in shares)		0	138,480
Options outstanding intrinsic value	$ 0

Summary of Significant Accounting Policies - Digital Assets (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Indefinite-lived Intangible Assets [Line Items]
Deferred revenue	$ 378.3	$ 348.2	$ 339.2
Digital Assets
Indefinite-lived Intangible Assets [Line Items]
Noncurrent receivable	79.0
Deferred revenue	$ 79.0

Common Stock and Share-Based Compensation - Common Stock (Details) $ in Millions	12 Months Ended
	Jan. 29, 2022 USD ($) vote shares	Jan. 30, 2021 shares	Jun. 30, 2019 shares
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of votes per share \| vote	1
Number of shares sold (in shares)	8,500,000
Gross proceeds from sale of common stock \| $	$ 1,680.0
Fees paid to sales agent \| $	$ 10.1
Class A Common Stock
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Shares of Class A Common Stock, including unvested restricted shares, legally issued and outstanding in the period (in shares)	77,200,000	69,900,000
Two Thousand Nineteen Sock Incentive Plan
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of shares available for grant (in shares)			6,500,000
Two Thousand Eleven Stock Incentive Plan
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of shares available for grant (in shares)			0

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (381.3)	$ (215.3)	$ (470.9)
Other comprehensive Loss:
Foreign currency translation adjustments	(19.4)	29.5	(24.5)
Total comprehensive loss	$ (400.7)	$ (185.8)	$ (495.4)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Intangible Assets (Tables)

12 Months Ended

Jan. 29, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Accumulated Amortization of Our Intangible Assets

The following table presents the gross carrying amount and accumulated amortization of our intangible assets:


	January 29, 2022						January 30, 2021
	Gross Carrying Amount(1)		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets with indefinite lives:
Trade names	$	5.3	$	—	$	5.3	$	5.7	$	—	$	5.7
Intangible assets with finite lives:
Leasehold rights	74.7		(67.9)		6.8		93.3		(80.5)		12.8
Other	31.7		(31.7)		—		32.7		(32.7)		—
Total	$	111.7	$	(99.6)	$	12.1	$	131.7	$	(113.2)	$	18.5

___________________

(1) The change in the gross carrying amount of intangible assets from January 30, 2021 to January 29, 2022 is due to the impact of exchange rate fluctuations.

Schedule of Estimated Aggregate Intangible Asset Amortization Expense

The following table presents the estimated aggregate intangible asset amortization expense for the next five fiscal years:


Period	Projected Amortization Expense
Fiscal 2022	$	2.1
Fiscal 2023	1.6
Fiscal 2024	1.3
Fiscal 2025	0.9
Fiscal 2026	0.6

Revenue - Performance Obligations (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Unredeemed customer liabilities
Disaggregation of Revenue [Line Items]
Performance obligation	$ 246.6	$ 244.1
Extended warranties
Disaggregation of Revenue [Line Items]
Performance obligation	82.6	65.1
Subscription
Disaggregation of Revenue [Line Items]
Performance obligation	$ 49.1	$ 39.0

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

Basis of Presentation and ConsolidationOur consolidated financial statements include our accounts and the accounts of our wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Our former Spring Mobile business is presented as discontinued operations in the statements of operations for periods presented. The Consolidated Statements of Cash flows is presented on a combined basis for all periods presented and, therefore, does not segregate cash flows from continuing and discontinued operations. The information contained in these notes to our consolidated financial statements refers to continuing operations unless otherwise noted.

Fiscal Period

Our fiscal year is composed of the 52 or 53 weeks ending on the Saturday closest to the last day of January. Fiscal year 2021 consisted of the 52 weeks ended on January 29, 2022 ("fiscal 2021"). Fiscal year 2020 consisted of the 52 weeks ended on January 30, 2021 ("fiscal 2020"). Fiscal year 2019 consisted of the 52 weeks ended on February 1, 2020 ("fiscal 2019").

Reclassifications

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In preparing these financial statements, we have made our best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. Changes in the estimates and assumptions used by us could have a significant impact on our financial results. Actual results could differ from those estimates.

Cash and Cash Equivalents

Restricted Cash

Restricted CashRestricted cash of $48.5 million and $126.5 million as of January 29, 2022 and January 30, 2021, respectively, consists primarily of bank deposits that collateralize our obligations to vendors and landlords.

Merchandise Inventories

Assets Held-for-Sale

Property and Equipment

The following table presents property and equipment, net:


	Estimated Useful Lives (Years)	January 29, 2022		January 30, 2021
Land	N/A	$	4.2	$	4.6
Buildings and leasehold improvements	1-10	457.8		496.6
Fixtures and equipment	3-10	731.4		817.7
Total property and equipment		1,193.4		1,318.9
Accumulated depreciation		(1,029.8)		(1,117.7)
Property and equipment, net		$	163.6	$	201.2

Digital Assets

Goodwill and Intangible Assets

Revenue Recognition, Loyalty Program, Customer Liabilities, Vendor Arrangements, Cost of Sales and Selling, General and Administrative Expenses Classification

Revenue Recognition

Loyalty Program

Customer Liabilities

Vendor Arrangements

Cost of Sales and Selling, General and Administrative Expenses Classification

Advertising Expenses

Advertising ExpensesWe expense advertising costs for television, print, digital advertising, and other media when the advertising takes place. Advertising expenses for fiscal 2021, 2020 and 2019 totaled $93.6 million, $58.4 million, and $66.7 million, respectively.

Income Taxes

Leases

Foreign Currency

Recent Accounting Pronouncements

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard provides practical expedients for contract modifications with the transition from reference rates, such as LIBOR, that are expected to be discontinued. This guidance is applicable for our revolving line of credit, which uses LIBOR as a reference rate. The provisions of ASU 2020-04 are effective as of March 12, 2020 and may be adopted prospectively through December 31, 2022. As of January 30, 2022, we adopted this ASU with no material impact to our consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This standard is intended to simplify the accounting and disclosure requirements for income taxes by eliminating various exceptions in accounting for income taxes as well as clarifying and amending existing guidance to improve consistency in application of ASC 740. The provisions of ASU 2019-12 are effective for fiscal years beginning after December 15, 2021, with early adoption permitted. As of January 30, 2022, we adopted this ASU with no material impact to our consolidated financial statements.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jan. 29, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of January 29, 2022, we had standby letters of credit outstanding in the amount of $92.4 million and other bank guarantees outstanding in the amount of $15.8 million, of which $46.1 million are cash collateralized. As of January 29, 2022, we have purchase obligations of $699.7 million with payment dates through fiscal 2022 that represent outstanding purchase orders for merchandise from vendors. These purchase orders are generally cancellable until shipment of the products. See Note 10, "Leases," for information regarding commitments related to our non-cancelable operating leases. Legal Proceedings In the ordinary course of business, we are, from time to time, subject to various legal proceedings, including matters involving wage and hour associate class actions, stockholder actions and consumer class actions. We may enter into discussions regarding settlement of these and other types of lawsuits, and may enter into settlement agreements, if we believe settlement is in the best interest of our stockholders. We do not believe that any such existing legal proceedings or settlements, individually or in the aggregate, will have a material effect on our financial condition, results of operations or liquidity.

Commitments and Contingencies (Details) $ in Millions	Jan. 29, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Letters of credit outstanding, amount	$ 92.4
Bank guarantees outstanding	15.8
Cash collateralized	46.1
Purchase obligation	$ 699.7

Summary of Significant Accounting Policies - Schedule of Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,193.4	$ 1,318.9
Accumulated depreciation	(1,029.8)	(1,117.7)
Property and equipment, net	163.6	201.2	$ 275.9
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	4.2	4.6
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 457.8	496.6
Buildings and leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	1 year
Buildings and leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Fixtures and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 731.4	$ 817.7
Fixtures and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Fixtures and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years

Income Taxes (Tables)

12 Months Ended

Jan. 29, 2022

Income Tax Disclosure [Abstract]

Provision for Income Tax

The following table presents the (benefit) provision for income taxes from continuing operations:


	Fiscal Year
	2021		2020		2019
Current tax (benefit) expense:
Federal	$	(13.2)	$	(154.9)	$	(25.3)
State	7.6		(1.5)		1.5
Foreign	7.8		18.8		(0.1)
	2.2		(137.6)		(23.9)
Deferred tax (benefit) expense:
Federal	—		45.5		12.6
State	—		7.6		3.2
Foreign	(16.3)		29.2		45.7
	(16.3)		82.3		61.5
Total income tax (benefit) expense	$	(14.1)	$	(55.3)	$	37.6

Components of Earnings Before Income Tax expense

The following table presents the components of loss from continuing operations before income taxes:


	Fiscal Year
	2021		2020		2019
United States	$	(362.7)	$	(224.6)	$	(352.8)
International	(32.7)		(45.3)		(74.0)
Total	$	(395.4)	$	(269.9)	$	(426.8)

Difference in Income Tax Provided and Amounts Determined by Applying Statutory Rate to Income Before Income Taxes

The following is a reconciliation of income tax expense (benefit) from continuing operations computed at the U.S. Federal statutory tax rate to income tax (benefit) expense reported in our Consolidated Statements of Operations:


	Fiscal Year
	2021		2020		2019
Federal statutory tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal effect	3.1		5.0		(1.0)
Foreign income tax rate differential	0.4		(3.9)		(0.5)
Change in valuation allowance	(33.6)		(41.8)		(17.9)
Change in unrecognized tax benefits	(1.4)		—		3.4
Foreign tax credit	—		—		0.2
Withholding tax expense	(0.3)		(0.3)		(0.2)
Stock-based compensation	6.4		—		—
Impairment of goodwill	—		—		(15.4)



Nondeductible interest	—		—		(0.1)
U.S. impact of foreign operations	—		7.6		—
Incremental benefit of net operating loss carryback	3.6		23.5		—
Loss on worthless debt and related investment	5.5		10.7		—
Simply Mac loss on sale	—		—		1.6
Other (including permanent differences)(1)	(1.1)		(1.3)		0.1
	3.6	%	20.5	%	(8.8)	%

___________________

(1) Other is comprised of numerous items, none of which is individually or in the aggregate greater than 5% of income tax expense calculated at the statutory rate.

Components of Deferred Tax Assets and Liabilities

Differences between financial accounting principles and tax laws cause differences between the bases of certain assets and liabilities for financial reporting purposes and tax purposes. The tax effects of these differences, to the extent they are temporary, are recorded as deferred tax assets and liabilities which are presented in the table below.


	January 29, 2022		January 30, 2021
Deferred tax asset:
Inventory	$	8.6	$	1.5
Deferred rents	0.9		2.1
Operating lease liabilities	180.0		212.3
Stock-based compensation	4.7		1.5
Net operating losses and other loss carryforwards	219.8		111.8
Customer liabilities	15.1		18.1
Credits	25.1		27.6
Accrued compensation	9.3		12.9
Intangible assets	25.5		29.8
Goodwill	0.9		1.2
Other	48.1		24.5
Total deferred tax assets	538.0		443.3
Valuation allowance	(338.3)		(225.7)
Total deferred tax assets, net	199.7		217.6
Deferred tax liabilities:
Property and equipment	(5.4)		(7.9)
Prepaid expenses	(0.9)		(2.0)
Operating lease right-of-use assets	(177.1)		(207.4)
Other	—		(0.3)
Total deferred tax liabilities	(183.4)		(217.6)
Net deferred tax assets	$	16.3	$	—
The above amounts are reflected in the consolidated financial statements as:
Deferred income taxes - assets	$	16.3	$	—
Deferred income taxes - liabilities	$	—	$	—

Reconciliation of Changes in Gross Balances of Unrecognized Tax Benefits

The following table presents a reconciliation of the changes in the gross balances of unrecognized tax benefits:


	Fiscal Year
	2021		2020		2019
Beginning balance of unrecognized tax benefits	$	5.7	$	6.5	$	22.5
Increases related to current period tax positions	4.0		—		0.4
Increases related to prior period tax positions	0.7		1.2		1.6
Decreases related to prior period tax positions	—		—		(10.2)
Reductions as a result of a lapse of the applicable statute of limitations	(0.8)		(0.6)		(4.3)
Reductions as a result of settlements with taxing authorities	(0.5)		(1.4)		(3.5)
Ending balance of unrecognized tax benefits	$	9.1	$	5.7	$	6.5

Cash Paid for Income Taxes

The following table presents cash paid for income taxes, net of refunds:


	Fiscal Year
	2021		2020		2019
Cash paid for income taxes	$	21.4	$	8.3	$	66.8
Cash refunds received	(4.5)		(57.4)		(15.7)
Cash paid (refunded) for income taxes, net	$	16.9	$	(49.1)	$	51.1

Common Stock and Share-Based Compensation - Restricted Stock Awards (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Jan. 29, 2022 USD ($) $ / shares shares	Jan. 30, 2021 USD ($) $ / shares shares	Feb. 01, 2020 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense, tax benefit	$ 0.0	$ 1.0	$ 1.2
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares	1,300,000	4,600,000	3,400,000
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exchange ratio	1
Grants in period, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 179.45
Award vesting period	4 years
Granted (in shares) \| shares	1,001,565
Nonvested award, cost not yet recognized, amount	$ 151.2
Nonvested award, cost not yet recognized, period for recognition	3 years 7 months 6 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 117.67	$ 4.65	$ 8.05
Award vesting period	3 years
Granted (in shares) \| shares	185,743	2,068,176	2,398,748
Share-based payment arrangement	$ 30.5	$ 7.9	$ 8.9
Nonvested award, cost not yet recognized, amount	$ 10.3
Nonvested award, cost not yet recognized, period for recognition	2 years 9 months 18 days
Equity instruments other than options, vested in period, fair value	$ 16.8	$ 5.1	$ 4.6
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 0	$ 4.58	$ 7.95
Granted (in shares) \| shares	0	501,612	1,199,042

Intangible Assets

12 Months Ended

Jan. 29, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

The following table presents the gross carrying amount and accumulated amortization of our intangible assets:


	January 29, 2022						January 30, 2021
	Gross Carrying Amount(1)		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets with indefinite lives:
Trade names	$	5.3	$	—	$	5.3	$	5.7	$	—	$	5.7
Intangible assets with finite lives:
Leasehold rights	74.7		(67.9)		6.8		93.3		(80.5)		12.8
Other	31.7		(31.7)		—		32.7		(32.7)		—
Total	$	111.7	$	(99.6)	$	12.1	$	131.7	$	(113.2)	$	18.5

___________________

(1) The change in the gross carrying amount of intangible assets from January 30, 2021 to January 29, 2022 is due to the impact of exchange rate fluctuations.

Indefinite-lived Intangible Assets

Indefinite-lived intangible assets are expected to contribute to cash flows indefinitely and, therefore, are not subject to amortization but are subject to annual impairment testing. We test our indefinite-lived intangible assets on an annual basis during the fourth quarter or when circumstances indicate the carrying value might be impaired.

Our trade names consisted of Micromania, our retail operations business in France, which we acquired in 2008; and formerly ThinkGeek, a collectibles retailer, which we acquired in 2015. We no longer operate stores under the ThinkGeek brand. As a result of an impairment test performed during fiscal 2020, we recognized an impairment charge of $0.6 million and $0.5 million and related to our Micromania and ThinkGeek trade names, respectively.

As a result of impairment testing performed during fiscal 2019, we recognized an impairment charge of $2.3 million related to our ThinkGeek trade name. The impairment charge was primarily the result of increases in discount rate assumptions and downward revisions to our forecasted cash flows, consistent with those utilized in the valuation of our reporting units for goodwill impairment testing.

Finite-lived Intangible Assets

Leasehold rights, the majority of which were recorded as a result of the purchase of SFMI Micromania SAS (“Micromania”) in 2008, represent the value of rights of tenancy under commercial property leases for properties located in France. Rights pertaining to individual leases can be sold by us to a new tenant or recovered by us from the landlord if the exercise of the automatic right of renewal is refused. Leasehold rights are amortized on a straight-line basis over the expected lease term, not to exceed 20 years, with no residual value.

Other intangible assets include design portfolio and favorable leasehold interests. The design portfolio reflects the collection of product designs and ideas that were created by Geeknet and recorded as a result of the Geeknet acquisition, which have been fully amortized. Favorable leasehold interests represent the value of the contractual monthly rental payments that are less than the current market rent at stores acquired as part of the Micromania acquisition. Favorable leasehold interests are amortized on a straight-line basis over their remaining lease term with no expected residual value. As of January 29, 2022, these amounts have been fully amortized.

As of January 29, 2022, the total weighted-average amortization period for our finite-lived intangible assets was approximately 7 years. The intangible assets are being amortized based upon the pattern in which the economic benefits of the intangible assets are being utilized, with no expected residual value.

Intangible asset amortization expense during fiscal 2021, 2020 and 2019 was $3.6 million, $4.0 million and $5.4 million, respectively. The following table presents the estimated aggregate intangible asset amortization expense for the next five fiscal years:


Period	Projected Amortization Expense
Fiscal 2022	$	2.1
Fiscal 2023	1.6
Fiscal 2024	1.3
Fiscal 2025	0.9
Fiscal 2026	0.6

Associates' Defined Contribution Plan - (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Retirement Benefits [Abstract]
Percentage of eligible gross cash compensation employees are allowed to invest in the savings plan	60.00%
Contributions to the Savings Plan	$ 4.5	$ 5.6	$ 6.0

General Information	12 Months Ended
General Information	Jan. 29, 2022
Accounting Policies [Abstract]
General Information	General Information The Company GameStop Corp. ("GameStop," "we," "us," "our," or the "Company"), a Delaware corporation established in 1996, is a leading specialty retailer offering games and entertainment products through its ecommerce properties and thousands of stores. We operate our business in four geographic segments: United States, Canada, Australia and Europe. The information contained in these consolidated financial statements refers to continuing operations unless otherwise noted. See Note 6, "Segment Information," for additional information. Basis of Presentation and Consolidation Our consolidated financial statements include our accounts and the accounts of our wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Our former Spring Mobile business is presented as discontinued operations in the statements of operations for periods presented. The Consolidated Statements of Cash flows is presented on a combined basis for all periods presented and, therefore, does not segregate cash flows from continuing and discontinued operations. The information contained in these notes to our consolidated financial statements refers to continuing operations unless otherwise noted. Our fiscal year is composed of the 52 or 53 weeks ending on the Saturday closest to the last day of January. Fiscal year 2021 consisted of the 52 weeks ended on January 29, 2022 ("fiscal 2021"). Fiscal year 2020 consisted of the 52 weeks ended on January 30, 2021 ("fiscal 2020"). Fiscal year 2019 consisted of the 52 weeks ended on February 1, 2020 ("fiscal 2019"). Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In preparing these financial statements, we have made our best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. Changes in the estimates and assumptions used by us could have a significant impact on our financial results. Actual results could differ from those estimates.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jan. 29, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II — Valuation and Qualifying Accounts

For fiscal years 2021, 2020 and 2019:


	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts- Accounts Payable (1)		Deductions- Write-Offs Net of Recoveries		Balance at End of Period
	(In millions)
Inventory Reserve
Fiscal year 2021	$	45.2	$	26.9	$	21.2	$	(58.7)	$	34.6
Fiscal year 2020	$	58.0	$	25.5	$	15.1	$	(53.4)	$	45.2
Fiscal year 2019(2)	$	69.4	$	35.4	$	20.5	$	(67.3)	$	58.0
Valuation Allowance for Deferred Tax Assets
Fiscal year 2021	$	225.7	$	128.9	$	—	$	(16.3)	$	338.3
Fiscal year 2020	$	112.7	$	113.0	$	—	$	—	$	225.7
Fiscal year 2019	$	32.9	$	83.1	$	—	$	(3.3)	$	112.7

___________________

(1) Consists primarily of amounts received from vendors for defective allowances.

(2) The fiscal year 2019 includes the disposition of $0.3 million of Simply Mac inventory reserves as of the date of the sale. Simply Mac was sold in September 2019.

Revenue - Sales of Total Net Sales by Significant Product Category (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Product Information [Line Items]
Net sales	$ 6,010.7	$ 5,089.8	$ 6,466.0
Hardware and accessories
Product Information [Line Items]
Net sales	3,171.7	2,530.8	2,722.2
Software
Product Information [Line Items]
Net sales	2,014.8	1,979.1	3,006.3
Collectibles
Product Information [Line Items]
Net sales	$ 824.2	$ 579.9	$ 737.5

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Earnings Per Share (Tables)

12 Months Ended

Jan. 29, 2022

Earnings Per Share [Abstract]

Reconciliation of Shares Used in Calculating Basic and Diluted Net Loss Per Common Share

The following is a reconciliation of shares used in calculating basic and diluted net income (loss) per common share (in millions, except per share data):


	Fiscal Year
	2021	2020	2019
Weighted-average common shares outstanding	72.6	65.0	87.5
Dilutive effect of stock options and restricted stock awards	—	—	—
Weighted-average diluted common shares	72.6	65.0	87.5

Anti-dilutive shares:
Restricted stock units	0.9	—	—
Restricted stock	0.4	1.6	1.9
Stock options	—	—	0.2

Summary of Significant Accounting Policies - Vendor Arrangements (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Accounting Policies [Abstract]
Cost of sales vendor allowances	$ 71.7	$ 72.5	$ 108.5

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
SEC Schedule, 12-09, Reserve, Inventory
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 45.2	$ 58.0	$ 69.4
Charged to Costs and Expenses	26.9	25.5	35.4
Charged to Other Accounts- Accounts Payable	21.2	15.1	20.5
Deductions- Write-Offs Net of Recoveries	(58.7)	(53.4)	(67.3)
Balance at End of Period	34.6	45.2	58.0
SEC Schedule, 12-09, Reserve, Inventory \| Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Simply Mac
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Deductions- Write-Offs Net of Recoveries			(0.3)
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	225.7	112.7	32.9
Charged to Costs and Expenses	128.9	113.0	83.1
Charged to Other Accounts- Accounts Payable	0.0	0.0	0.0
Deductions- Write-Offs Net of Recoveries	(16.3)	0.0	(3.3)
Balance at End of Period	$ 338.3	$ 225.7	$ 112.7

Segment Information

12 Months Ended

Jan. 29, 2022

Segment Reporting [Abstract]

Segment Information

We operate our business in four geographic segments: United States, Canada, Australia and Europe. We identify segments based on a combination of geographic areas and management responsibility. Segment results for the United States include retail operations in 50 states and Guam; our ecommerce website www.gamestop.com; Game Informer magazine; and Simply Mac, which we sold in September 2019. The United States segment also includes general and administrative expenses related to our corporate headquarters in Grapevine, Texas. We measure segment profit using operating earnings, which is defined as income from continuing operations before intercompany royalty fees, net interest expense and income taxes. Transactions between reportable segments consist primarily of royalties, management fees, inter-segment loans and related interest. There were no material inter-segment sales during fiscal 2021, 2020 and 2019. Information on total assets by segment is not disclosed as such information is not used by our chief operating decision makers to evaluate segment performance or to allocate resources and capital.

The following table presents segment information:


	United States		Canada		Australia		Europe		Total
As of and for the Fiscal Year Ended January 29, 2022
Net sales	$	4,186.5	$	332.3	$	591.8	$	900.1	$	6,010.7
Operating (loss) earnings	(358.1)		(1.1)		30.6		(39.9)		(368.5)
Depreciation and amortization	50.7		2.9		7.0		15.9		76.5
Asset impairments	0.2		—		—		6.5		6.7
Capital expenditures	42.3		3.1		9.4		7.2		62.0
Property and equipment, net	100.1		8.3		15.6		39.6		163.6

As of and for the Fiscal Year Ended January 30, 2021
Net sales	$	3,417.1	$	258.4	$	625.3	$	789.0	$	5,089.8
Operating (loss) earnings	(211.0)		(0.3)		52.2		(78.7)		(237.8)
Depreciation and amortization	51.2		3.1		7.6		18.1		80.0
Asset impairments	11.3		0.1		—		4.1		15.5
Capital expenditures	54.5		1.0		2.3		2.2		60.0
Property and equipment, net	125.2		8.2		14.8		53.0		201.2

As of and for the Fiscal Year Ended February 1, 2020
Net sales	$	4,497.7	$	344.2	$	525.4	$	1,098.7	$	6,466.0
Operating (loss) earnings	(343.9)		(14.9)		9.4		(50.2)		(399.6)
Depreciation and amortization	57.8		3.8		8.9		24.7		95.2
Goodwill and asset impairments	376.7		0.4		0.2		8.3		385.6
Capital expenditures	56.8		4.2		4.5		13.0		78.5
Property and equipment, net	164.9		17.0		32.5		61.5		275.9

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-Name Accounting Standards Codification
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+ Details

Asset Impairments

12 Months Ended

Jan. 29, 2022

Restructuring and Related Activities [Abstract]

Asset Impairments

The following is a summary of our asset impairment charges, by reportable segment:


	United States		Canada		Australia		Europe		Total
Fiscal 2021

Store and other asset impairment charges	$	0.2	$	—	$	—	$	6.5	$	6.7
Total	$	0.2	$	—	$	—	$	6.5	$	6.7
Fiscal 2020
Intangible asset impairment charges	$	0.5	$	—	$	—	$	0.6	$	1.1
Corporate aircraft impairment charges	3.2		—		—		—		3.2
Store and other asset impairment charges	7.6		0.1		—		3.5		11.2
Total	$	11.3	$	0.1	$	—	$	4.1	$	15.5
Fiscal 2019
Intangible asset impairment charges	$	2.3	$	—	$	—	$	—	$	2.3
Corporate aircraft impairment charges	8.7		—		—		—		8.7
Store and other asset impairment charges	1.8		0.4		0.2		8.3		10.7
Total	$	12.8	$	0.4	$	0.2	$	8.3	$	21.7

See Note 11, "Intangible Assets," for information regarding our prior year intangible asset impairment charges.

Store and other asset impairment charges relate to our evaluation of store property, equipment and other assets in situations where an asset’s carrying value was not expected to be recovered by its future cash flows over its remaining useful life.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Schedule of Property Plant and Equipment

The following table presents property and equipment, net:


	Estimated Useful Lives (Years)	January 29, 2022		January 30, 2021
Land	N/A	$	4.2	$	4.6
Buildings and leasehold improvements	1-10	457.8		496.6
Fixtures and equipment	3-10	731.4		817.7
Total property and equipment		1,193.4		1,318.9
Accumulated depreciation		(1,029.8)		(1,117.7)
Property and equipment, net		$	163.6	$	201.2

Discontinued Operations	12 Months Ended
Discontinued Operations	Jan. 29, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued OperationsOn January 16, 2019, we completed the sale of all of the equity interests in our wholly owned subsidiary Spring Communications Holding, Inc. ("Spring Mobile") to Prime Acquisition Company, LLC, a wholly owned subsidiary of Prime Communications, L.P., pursuant to an Equity Purchase Agreement dated as of November 21, 2018. The historic results of Spring Mobile, are presented as discontinued operations. For fiscal years 2020 and 2019, we recognized a net loss from discontinued operations of $0.7 million and $6.5 million in our Consolidated Statements of Operations.The Consolidated Statements of Cash Flows is presented on a combined basis for all periods presented, therefore, does not segregate cash flows from continuing and discontinued operations. There were no significant operating noncash items for our discontinued operations for fiscal 2019, 2020 and 2021.

Revenue

12 Months Ended

Jan. 29, 2022

Revenue from Contract with Customer [Abstract]

Revenue

The following table presents net sales by significant product category:


	Fiscal Year
	2021		2020		2019
Hardware and accessories (1)	$	3,171.7	$	2,530.8	$	2,722.2
Software (2)	2,014.8		1,979.1		3,006.3
Collectibles	824.2		579.9		737.5
Total	$	6,010.7	$	5,089.8	$	6,466.0

(2) Includes sales of new and pre-owned gaming software, digital software and PC entertainment software.

See Note 6, "Segment Information," for net sales by geographic location.

Performance Obligations

We have arrangements with customers where our performance obligations are satisfied over time, which primarily relate to extended warranties and our Game Informer magazine. Revenues do not include sales taxes or other taxes collected from customers. We expect to recognize revenue in future periods for remaining performance obligations we have associated with unredeemed gift cards, trade-in credits, reservation deposits and our PowerUp Rewards loyalty program (collectively, “unredeemed customer liabilities”), extended warranties and subscriptions to our Game Informer magazine.

Performance obligations associated with unredeemed customer liabilities are primarily satisfied at the time our customers redeem their gift cards, trade-in credits, reservation deposits or loyalty program points for products that we offer. Unredeemed customer liabilities are generally redeemed within one year of issuance.

We offer extended warranties on certain new and pre-owned gaming products with terms generally ranging from 12 to 24 months, depending on the product. Revenues for extended warranties sold are recognized on a straight-line basis over the life of the contract.

Performance obligations associated with subscriptions to our Game Informer magazine are satisfied when magazines are delivered in print form or when made available in digital format.

The following table presents our performance obligations:


	Fiscal Year
	2021		2020
Unredeemed customer liabilities	$	246.6	$	244.1
Extended warranties	82.6		65.1
Subscription	49.1		39.0

Significant Judgments and Estimates

We accrue PowerUp Rewards loyalty points at the estimated retail price per point, net of estimated breakage, which can be redeemed by our loyalty program members for discounts on products that we offer. The estimated retail price per point is based on the actual historical retail prices of products purchased through the redemption of loyalty points. We estimate breakage of loyalty points and unredeemed gift cards based on historical redemption rates.

Contract Balances

Our contract liabilities primarily consist of unredeemed customer liabilities and deferred revenues associated with gift cards, extended warranties and subscriptions to our Game Informer magazine.

The following table presents a roll forward of our contract liabilities:


	Fiscal Year
	2021		2020
Contract liability beginning balance	$	348.2	$	339.2
Increase to contract liabilities (1)	931.0		953.8
Decrease to contract liabilities (2)	(896.1)		(950.0)
Other adjustments (3)	(4.8)		5.2
Contract liability ending balance	$	378.3	$	348.2

__________________________________________

(1) Includes issuances of gift cards, trade-in credits and loyalty points, new reservation deposits, new subscriptions to Game Informer and extended warranties sold.

(3) Primarily includes foreign currency translation adjustments.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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+ Details

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Jan. 29, 2022	Apr. 30, 2021	Jan. 30, 2021
Debt Instrument [Line Items]
Less: Senior Notes unamortized debt financing costs	$ 0.0		$ (0.5)
Total debt, net	44.6		362.7
Less: short-term debt and current portion of long-term debt	(4.1)		(146.7)
Long-term debt, net	40.5		216.0
Revolving credit facility due 2022 \| Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Long-term line of credit	0.0		25.0
French Term Loans \| Unsecured Debt
Debt Instrument [Line Items]
Term loans	44.6		$ 48.6
6.75% Senior Notes due 2021 \| Senior Notes
Debt Instrument [Line Items]
Interest rate			6.75%
Principal amount	0.0		$ 73.2
10.00% Senior Notes due 2023 \| Senior Notes
Debt Instrument [Line Items]
Interest rate		10.00%	10.00%
Principal amount	$ 0.0	$ 216.4	$ 216.4

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Current assets:
Cash and cash equivalents	$ 1,271.4	$ 508.5
Restricted cash	33.1	110.0
Receivables, net of allowances of $3.3 and $3.6, respectively	141.1	105.3
Merchandise inventories	915.0	602.5
Prepaid expenses and other current assets	238.2	224.9
Total current assets	2,598.8	1,551.2
Property and equipment, net	163.6	201.2
Operating lease right-of-use assets	586.6	662.1
Deferred income taxes	16.3	0.0
Long-term restricted cash	15.4	16.5
Other noncurrent assets	118.6	41.6
Total assets	3,499.3	2,472.6
Current liabilities:
Accounts payable	471.0	341.8
Accrued liabilities and other current liabilities	668.9	626.8
Current portion of operating lease liabilities	210.7	227.4
Short-term debt, including current portion of long-term debt, net	4.1	121.7
Borrowings under revolving line of credit	0.0	25.0
Total current liabilities	1,354.7	1,342.7
Long-term debt, net	40.5	216.0
Operating lease liabilities	393.7	456.7
Other long-term liabilities	107.9	20.5
Total liabilities	1,896.8	2,035.9
Stockholders’ equity:
Class A common stock — $.001 par value; authorized 300.0 shares; 75.9 and 65.3 shares issued and outstanding, respectively	0.1	0.1
Additional paid-in capital	1,577.5	11.0
Accumulated other comprehensive loss	(68.7)	(49.3)
Retained earnings	93.6	474.9
Total stockholders' equity	1,602.5	436.7
Total liabilities and stockholders’ equity	$ 3,499.3	$ 2,472.6

Debt - Narrative (Details) € in Millions				3 Months Ended	12 Months Ended
Debt - Narrative (Details) € in Millions	Apr. 30, 2021 USD ($)	Mar. 15, 2021 USD ($)	Nov. 21, 2017	Jul. 31, 2021 EUR (€) loan	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($) loan	Feb. 01, 2020 USD ($)	Nov. 30, 2021 USD ($)	May 01, 2021	Jan. 30, 2021 EUR (€) loan	Nov. 20, 2017 USD ($)
Debt Disclosure [Line Items]
Repayments of revolver borrowings					$ (25,000,000.0)	$ (125,000,000.0)	$ 0
Loss (gain) on retirement of debt					18,200,000	(1,500,000)	$ 0
Borrowings under revolving line of credit					0	25,000,000.0
Letters of credit outstanding, amount					92,400,000
Revolving credit facility due 2022
Debt Disclosure [Line Items]
Repayments of revolver borrowings		$ (25,000,000)
Revolving credit facility due 2022 \| Senior Notes
Debt Disclosure [Line Items]
Repayment of senior notes		$ 73,200,000
10.00% Senior Notes due 2023 \| Senior Notes
Debt Disclosure [Line Items]
Repayment of senior notes	$ 219,100,000
Principal amount	$ 216,400,000				0	$ 216,400,000
Interest rate	10.00%					10.00%				10.00%
Loss (gain) on retirement of debt	$ (17,800,000)
Accelerated amortization deferred financing cost	$ 400,000
French Term Loans and Credit Facility \| Unsecured Debt
Debt Disclosure [Line Items]
Number of separate unsecured term loans \| loan						6				6
Debt instrument, face amount					44,600,000					€ 40.0
Debt instrument, extension term				5 years
Debt instrument amount guaranteed by french government percent				90.00%
French term loans due July 2021 \| Unsecured Debt
Debt Disclosure [Line Items]
Number of separate unsecured term loans \| loan				3
Debt instrument, face amount \| €				€ 20.0
French term loans due July 2021 \| Unsecured Debt \| Maximum
Debt Disclosure [Line Items]
Interest rate				0.70%					0.00%
French term loans due October 2021 \| Unsecured Debt
Debt Disclosure [Line Items]
Interest rate				1.00%
Number of separate unsecured term loans \| loan				3
Debt instrument, face amount \| €				€ 20.0
Revolving Credit Facility 2026
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity								$ 500,000,000
Remaining borrowing capacity					389,600,000
Borrowings under revolving line of credit					0
Letters of credit outstanding, amount					$ 60,400,000
Revolving Credit Facility 2026 \| Line of Credit \| Bridge Loan
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity								50,000,000
Revolving Credit Facility 2026 \| Line of Credit \| Canadian Revolving
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity								50,000,000
Revolving Credit Facility 2026 \| Line of Credit \| Revolving Credit Facility
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity								$ 250,000,000
Commitment or the borrowing base, amount											$ 12,500,000
Lesser of the total commitment or the borrowing base, percentage											10.00%
Fixed charge coverage ratio			1.0
Revolving Credit Facility 2026 \| Line of Credit \| Minimum \| Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Disclosure [Line Items]
Interest rate margin								1.25%
Revolving Credit Facility 2026 \| Line of Credit \| Minimum \| Revolving Credit Facility \| Prime Rate
Debt Disclosure [Line Items]
Interest rate margin								0.25%
Revolving Credit Facility 2026 \| Line of Credit \| Maximum \| Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Disclosure [Line Items]
Interest rate margin								1.50%
Revolving Credit Facility 2026 \| Line of Credit \| Maximum \| Revolving Credit Facility \| Prime Rate
Debt Disclosure [Line Items]
Interest rate margin								0.50%

Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
Discontinued Operations (Details) - USD ($) $ in Millions	Jan. 30, 2021	Feb. 01, 2020
Discontinued Operations and Disposal Groups [Abstract]
Net loss from discontinued operations	$ 0.7	$ 6.5

Revenue - Narrative (Details)	12 Months Ended
Revenue - Narrative (Details)	Jan. 29, 2022	Jan. 30, 2021
Minimum
Disaggregation of Revenue [Line Items]
Extended product warranty term	12 months
Maximum
Disaggregation of Revenue [Line Items]
Extended product warranty term		24 months

Earnings Per Share - Reconciliation of Common Shares Used in Calculating Basic and Diluted Net Income (Loss) Per Common Share (Details) - shares shares in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average common shares outstanding (in shares)	72.6	65.0	87.5
Dilutive effect of stock options and restricted stock awards (in shares)	0.0	0.0	0.0
Weighted-average diluted common shares (in shares)	72.6	65.0	87.5
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options and restricted stock awards (in shares)	0.9	0.0	0.0
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options and restricted stock awards (in shares)	0.4	1.6	1.9
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options and restricted stock awards (in shares)	0.0	0.0	0.2

Leases - Rent Expense and Other Cost Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Operating lease cost	$ 296.3	$ 311.5
Variable lease cost	64.1	79.2
Total rent expense	$ 360.4	$ 390.7
Weighted-average remaining lease term (years)	4 years 2 months 12 days	4 years 6 months
Weighted-average discount rate	4.30%	5.20%

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Statement of Financial Position [Abstract]
Receivables, net of allowances	$ 3.3	$ 3.6
Class A common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Class A common stock, shares authorized (in shares)	300.0	300.0
Class A common stock, shares issued (in shares)	75.9	65.3
Class A common stock, shares outstanding (in shares)	75.9	65.3

Fair Value Measurements and Financial Instruments - Gains and Losses on Derivative Instruments and Foreign Currency Transaction (Details) - Selling, General and Administrative Expenses - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Fair Value Derivative Contract Assets and Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items]
Gains (losses) on the changes in fair value of derivative instruments	$ 9.6	$ (6.1)	$ 4.1
(Losses) gains on the re-measurement of related intercompany loans and third-party accounts payable denominated in foreign currencies	(13.0)	5.1	(3.1)
Net (losses) gains	$ (3.4)	$ (1.0)	$ 1.0

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Statement [Abstract]
Net sales	$ 6,010.7	$ 5,089.8	$ 6,466.0
Cost of sales	4,662.9	3,830.3	4,557.3
Gross profit	1,347.8	1,259.5	1,908.7
Selling, general and administrative expenses	1,709.6	1,514.2	1,922.7
Goodwill and asset impairments	6.7	15.5	385.6
Gain on sale of assets	0.0	(32.4)	0.0
Operating loss	(368.5)	(237.8)	(399.6)
Interest expense, net	26.9	32.1	27.2
Loss from continuing operations before income taxes	(395.4)	(269.9)	(426.8)
Income tax (benefit) expense	(14.1)	(55.3)	37.6
Net loss from continuing operations	(381.3)	(214.6)	(464.4)
Loss from discontinued operations, net of tax	0.0	(0.7)	(6.5)
Net loss	$ (381.3)	$ (215.3)	$ (470.9)
Basic loss per share:
Continuing operations (in dollars per share)	$ (5.25)	$ (3.30)	$ (5.31)
Discontinued operations (in dollars per share)	0	(0.01)	(0.08)
Basic loss per share (in dollars per share)	(5.25)	(3.31)	(5.38)
Diluted loss per share:
Continuing operations (in dollars per share)	(5.25)	(3.30)	(5.31)
Discontinued operations (in dollars per share)	0	(0.01)	(0.08)
Diluted loss per share (in dollars per share)	$ (5.25)	$ (3.31)	$ (5.38)
Weighted-average shares outstanding:
Basic (in shares)	72.6	65.0	87.5
Diluted (in shares)	72.6	65.0	87.5

Leases

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Leases

LeasesIn July of 2020, we sold, in separate unrelated transactions, to unaffiliated third parties: i) our corporate headquarters and ancillary office space in Grapevine, Texas for $28.5 million, net of costs to sell and ii) a nearby refurbishment center for $15.2 million, net of costs to sell. In connection with each of the sales, we leased-back from the applicable purchasers our corporate headquarters for an initial term of ten years and refurbishment center for an initial term of two years. The leaseback agreement for the corporate headquarters contains three renewal periods of five years each; we recognized only the initial term of the lease as part of our right-of-use asset and lease liability for the corporate headquarters. The annual rent for the corporate headquarters will start at $1.7 million, plus taxes, utilities, management fees and other operating and maintenance expenses and will increase by 2.25% per year. In July 2021, we extended the term of the lease for our refurbishment center by three years through July 2025, with a five year renewal period. These leaseback agreements are accounted for as operating leases.

With respect to the leaseback of the corporate headquarters, we agreed to provide a letter of credit to the buyer-lessor within 18 months from the closing date to secure our lease obligation. Given that the purchase price of the corporate headquarters was reduced by $2.8 million to account for the deferred issuance of this letter of credit, we recognized a contract asset for the same amount in prepaid expenses and other current assets on our Consolidated Balance Sheets, which represents the variable consideration on the purchase price. In 2021, we issued a letter of credit of $2.8 million and derecognized the contract asset. Upon delivering the letter of credit, we were entitled to a rent credit of an equivalent amount. This variable consideration was recognized in the total gain on sale of assets in our Consolidated Statements of Operations during the second quarter of 2020. The net proceeds from the sale of these assets were used for general corporate purposes.

In August 2020, we sold our Australian headquarters in Eagle Farm, Queensland to an unrelated party for approximately $27.0 million, net of costs to sell, and immediately leased back the facility for a term of ten years on market rate terms at an average annual base rent of $1.7 million, plus taxes, utilities, management fees and other operating and maintenance expenses. Additionally, in September 2020, we sold our Canadian headquarters in Brampton, Ontario for approximately $16.7 million, net of costs to sell, and leased back the facility for a term of five years on market rate terms at an average annual base rent of $0.9 million, plus taxes, utilities, management fees and other operating and maintenance expenses. We recognized only the initial term of the lease as part of our right-of-use asset and lease liability for both the Australian and Canadian headquarters. The net proceeds from the sale of these assets were used for general corporate purposes.

As a result of these transactions, we recognized total gain on sale of assets of $32.4 million in our Consolidated Statements of Operations in fiscal 2020.

The following table presents rent expenses under operating leases:


	Fiscal Year		Fiscal Year
	2021		2020
Operating lease cost	$	296.3	$	311.5
Variable lease cost (1)	64.1		79.2
Total rent expense	$	360.4	$	390.7

(1) Variable lease cost includes percentage rentals and variable executory costs.

We had cash outflows of $262.3 million and $251.4 million in fiscal 2021 and 2020, respectively, associated with operating leases included in the measurement of our lease liabilities and we recognized $205.4 million and $132.5 million of ROU assets in fiscal 2021 and 2020, respectively, that were obtained in exchange for operating lease obligations. In fiscal 2021, we recognized $1.3 million of store-level ROU asset impairment charges compared to $2.9 million of store-level ROU asset impairment charges in fiscal 2020.

The following table presents the weighted-average remaining lease term, which includes reasonably certain renewal options, and the weighted-average discount rate for operating leases included in the measurement of our lease liabilities:


	January 29, 2022		January 30, 2021
Weighted-average remaining lease term (years) (1)	4.2		4.5
Weighted-average discount rate	4.3	%	5.2	%

(1) The weighted-average remaining lease term is weighted based on the lease liability balance for each lease as of January 29, 2022 and January 30, 2021. This weighted average calculation differs from our simple average remaining lease term due to the inclusion of reasonably certain renewal options and the effect of the lease liability value of longer term leases.

The following table presents expected lease payments associated with our operating lease liabilities, excluding percentage rentals:


Period	Operating Leases(1)
Fiscal Year 2022	$	244.0
Fiscal Year 2023	145.3
Fiscal Year 2024	98.0
Fiscal Year 2025	65.3
Fiscal Year 2026	42.5
Thereafter	69.4
Total remaining lease payments	664.5
Less: Interest	(60.0)
Present value of lease liabilities(2)	$	604.5

(1) Operating lease payments exclude legally binding lease payments for leases signed but not yet commenced.

(2) The present value of lease liabilities consist of $210.7 million classified as current portion of operating lease liabilities and $393.7 million classified as long-term operating lease liabilities on our Consolidated Balance Sheets.

Summary of Significant Accounting Policies - Merchandise Inventories (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Accounting Policies [Abstract]
Inventory reserves	$ 34.6	$ 45.2

Fair Value Measurements and Financial Instruments

12 Months Ended

Jan. 29, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements and Financial Instruments

Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Applicable accounting standards require disclosures that categorize assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are observable inputs other than quoted prices included within Level 1 for the asset or liability, either directly or indirectly through market-corroborated inputs. Level 3 inputs are unobservable inputs for the asset or liability reflecting our assumptions about pricing by market participants.

Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

Assets and liabilities that are measured at fair value on a recurring basis include our foreign currency contracts, life insurance policies we own that have a cash surrender value, and certain nonqualified deferred compensation liabilities.

We value our foreign currency contracts, our life insurance policies with cash surrender values and certain nonqualified deferred compensation liabilities based on Level 2 inputs using quotations provided by major market news services, such as Bloomberg, and industry-standard models that consider various assumptions, including quoted forward prices, time value, volatility factors, and contractual prices for the underlying instruments, as well as other relevant economic measures, all of which are observable in active markets. When appropriate, valuations are adjusted to reflect credit considerations, generally based on available market evidence.

The following table presents our assets and liabilities measured at fair value on a recurring basis, which utilize Level 2 inputs:


	January 29, 2022		January 30, 2021
Assets:
Foreign currency contracts (1)	$	3.8		$	2.5
Company-owned life insurance(2)	0.6			2.7
Total assets	$	4.4		$	5.2
Liabilities:
Foreign currency contracts (3)	$	0.4		$	2.4
Nonqualified deferred compensation(3)	0.6			0.6
Total liabilities	$	1.0		$	3.0

___________________

(1) Recognized in prepaid expenses and other current assets on our Consolidated Balance Sheets.

(2) Recognized in other non-current assets on our Consolidated Balance Sheets.

(3) Recognized in accrued liabilities and other current liabilities on our Consolidated Balance Sheets.

We use forward exchange contracts to manage currency risk primarily related to intercompany loans and third party accounts payable denominated in non-functional currencies. These foreign currency contracts are not designated as hedges and, therefore, changes in the fair values of these derivatives are recognized in earnings, thereby offsetting the current earnings effect of the re-measurement of related intercompany loans denominated in foreign currencies. The total gross notional value of derivatives related to our foreign currency contracts was $169.3 million and $206.9 million as of January 29, 2022 and January 30, 2021, respectively.


	Fiscal Year
	2021		2020		2019
Gains (losses) on the changes in fair value of derivative instruments	$	9.6	$	(6.1)	$	4.1
(Losses) gains on the re-measurement of related intercompany loans and third-party accounts payable denominated in foreign currencies	(13.0)		5.1		(3.1)
Net (losses) gains	$	(3.4)	$	(1.0)	$	1.0

We do not use derivative financial instruments for trading or speculative purposes. We are exposed to counterparty credit risk on all of our derivative financial instruments and cash equivalent investments. We manage counterparty risk according to the guidelines and controls established under comprehensive risk management and investment policies. We continuously monitor our counterparty credit risk and utilize a number of different counterparties to minimize our exposure to potential defaults. We do not require collateral under derivative or investment agreements.

Assets that are Measured at Fair Value on a Nonrecurring Basis

Assets that are measured at fair value on a nonrecurring basis relate primarily to property and equipment and other intangible assets, which are remeasured when the estimated fair value is below its carrying value. For these assets, we do not adjust carrying value to fair value; rather, when we determine that impairment has occurred, the carrying value of the asset is reduced to its fair value.

In fiscal 2021, we recognized impairment charges totaling $6.7 million associated with store-level assets to reflect their fair values of $7.8 million.

In fiscal 2020, we recognized impairment charges totaling $11.2 million associated with store-level assets to reflect their fair values of $7.0 million. We also recognized impairment charges of $3.2 million, $0.5 million and $0.6 million related to our corporate aircraft, ThinkGeek trade name and Micromania trade name, respectively to reflect their fair values of $8.6 million, zero, and $5.7 million, respectively. We sold our corporate aircraft on June 5, 2020.

The fair value estimates of trade name intangibles and store-level property and equipment are based on significant unobservable inputs (Level 3) developed using company-specific information. These assets were valued using variations of the discounted cash flow method, which require assumptions associated with, among others, projected sales and cost estimates, capital expenditures, royalty rates, discount rates, terminal values and remaining useful lives. See Note 2, "Summary of Significant Accounting Policies," for additional information related to our valuation methods.

Other Fair Value Disclosures

The carrying values of our cash equivalents, net receivables, accounts payable and short-term borrowings approximate their fair values due to their short-term maturities.

As of January 29, 2022, our government-subsidized low interest French term loans due October 2022 through October 2026 ("French Term Loans") had a carrying value of $44.6 million and a fair value of $37.7 million. The fair values of our French Term Loans were estimated based on a model that discounted future principal and interest payments at interest rates available to us at the end of the period for similar debt of the same maturity, which is a Level 2 input as defined by the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Leases (Tables)

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Lease, Cost

The following table presents rent expenses under operating leases:


	Fiscal Year		Fiscal Year
	2021		2020
Operating lease cost	$	296.3	$	311.5
Variable lease cost (1)	64.1		79.2
Total rent expense	$	360.4	$	390.7

(1) Variable lease cost includes percentage rentals and variable executory costs.


	January 29, 2022		January 30, 2021
Weighted-average remaining lease term (years) (1)	4.2		4.5
Weighted-average discount rate	4.3	%	5.2	%

Lessee, Operating Lease, Liability, Maturity

The following table presents expected lease payments associated with our operating lease liabilities, excluding percentage rentals:


Period	Operating Leases(1)
Fiscal Year 2022	$	244.0
Fiscal Year 2023	145.3
Fiscal Year 2024	98.0
Fiscal Year 2025	65.3
Fiscal Year 2026	42.5
Thereafter	69.4
Total remaining lease payments	664.5
Less: Interest	(60.0)
Present value of lease liabilities(2)	$	604.5

(1) Operating lease payments exclude legally binding lease payments for leases signed but not yet commenced.

Accrued and Other Current Liabilities (Tables)

12 Months Ended

Jan. 29, 2022

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

The following table presents our accrued and other current liabilities:


	January 29, 2022		January 30, 2021
Customer-related liabilities	$	247.5	$	251.7
Deferred revenue	142.3		119.9
Employee benefits, compensation and related taxes	97.9		104.4
Checks and transfers yet to be presented for payment from zero balance cash accounts	5.3		4.1
Income and other taxes payable	30.7		47.1
Other accrued liabilities	145.2		99.6
Total accrued and other current liabilities	$	668.9	$	626.8

Fair Value Measurements and Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of foreign currency derivatives gross	$ 169.3	$ 206.9
Unsecured Debt \| French Term Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term loans	44.6	$ 48.6
Unsecured Debt \| French Term Loans \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 37.7

Income Taxes - Provision for Income Tax (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Current tax (benefit) expense:
Federal	$ (13.2)	$ (154.9)	$ (25.3)
State	7.6	(1.5)	1.5
Foreign	7.8	18.8	(0.1)
Current tax (benefit) expense	2.2	(137.6)	(23.9)
Deferred tax (benefit) expense:
Federal	0.0	45.5	12.6
State	0.0	7.6	3.2
Foreign	(16.3)	29.2	45.7
Deferred tax (benefit) expense	(16.3)	82.3	61.5
Total income tax (benefit) expense	$ (14.1)	$ (55.3)	$ 37.6

Summary of Significant Accounting Policies - Assets Held-for-Sale (Details) - USD ($) $ in Millions		12 Months Ended
	Jun. 05, 2020	Jan. 30, 2021	Feb. 01, 2020
Segment Reporting Information [Line Items]
Assets held for sale			$ 11.8
Corporate aircraft impairment charges		$ 3.2	$ 8.7
Proceeds from sale of loans	$ 8.6
Gain (loss) on sale of aircraft	$ 0.0
Corporate Aircraft \| Fair Value, Measurements, Nonrecurring \| Trade Names
Segment Reporting Information [Line Items]
Corporate aircraft impairment charges		$ 3.2

Fair Value Measurements and Financial Instruments - Assets that are Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Store and other asset impairment charges	$ 6.7	$ 11.2	$ 10.7
Fair value of store-level assets	7.8	7.0
Impairment losses from store closures	3.8	7.2	6.6
Impairment charges from assets held for sale		3.2	8.7
Intangible asset impairment charges	$ 0.0	1.1	$ 2.3
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses from store closures		11.2
Trade Names \| Corporate Aircraft \| Disposal Group, Held-for-sale, Not Discontinued Operations \| Air Transportation Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets		8.6
Trade Names \| Think Geek \| Disposal Group, Held-for-sale, Not Discontinued Operations \| Air Transportation Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets		0.0
Trade Names \| Micromania Trade Name \| Disposal Group, Held-for-sale, Not Discontinued Operations \| Air Transportation Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived intangible assets		5.7
Trade Names \| Fair Value, Measurements, Nonrecurring \| Corporate Aircraft
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges from assets held for sale		$ 3.2

Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Accounting Policies [Abstract]
Goodwill and asset impairments			$ 363.9
Intangible asset impairment charges	$ 0.0	$ 1.1	$ 2.3

Debt

12 Months Ended

Jan. 29, 2022

Debt Disclosure [Abstract]

Debt

The following table presents the carrying value of our debt:


	January 29, 2022		January 30, 2021

Revolving credit facility due 2022	$	—	$	25.0
French Term Loans	44.6		48.6
6.75% Senior Notes due 2021	—		73.2
10.00% Senior Notes due 2023	—		216.4
Less: Senior Notes unamortized debt financing costs	—		(0.5)
Total debt, net	$	44.6	$	362.7
Less: short-term debt and current portion of long-term debt(1)	(4.1)		(146.7)
Long-term debt, net	$	40.5	$	216.0

(1) Represents the current portion of the French Term Loans and the 6.75% Senior Notes due due 2021 ("2021 Senior Notes"), net of the associated unamortized debt financing costs. Prior periods include loan advances under our then outstanding asset-based revolving credit facility due November 2022 ("2022 Revolver"). The revolving credit facility of 2026 has replaced the revolving credit facility of 2022.

2021 Debt Payments

On March 15, 2021, we repaid our outstanding borrowings of $25.0 million under the 2022 Revolver.

On March 15, 2021, we repaid at maturity $73.2 million outstanding principal amount of our 2021 Senior Notes.

On April 30, 2021, we completed the voluntary early redemption of $216.4 million outstanding principal amount of our 10.00% Senior Notes due 2023 ("2023 Senior Notes"). This voluntary early redemption covered the entire amount of then outstanding 2023 Senior Notes, which represented all of our long-term debt as of the end of fiscal 2020. In connection with the voluntary early redemption of our 2023 Senior Notes, we paid approximately $219.1 million in aggregate consideration, including accrued and unpaid interest. In connection with the voluntary early redemption of our 2023 Senior Notes, we paid a $17.8 million make-whole premium which is recognized in interest expense in our Consolidated Statements of Operations. Additionally, we accelerated amortization of $0.4 million deferred financing costs associated with our 2023 Senior Notes.

French Term Loans

During 2020, our French subsidiary, Micromania SAS, entered into six separate unsecured term loans for a total of €40.0 million, or $44.6 million, as of January 29, 2022. In the second quarter of 2021, at the request of Micromania SAS, these term loans were extended for five years, with an amortization plan for the principal starting in October 2022. In connection with the extension, the interest rate increased from zero to 0.7% for three of the term loans totaling €20.0 million, and 1% for the remaining three term loans totaling €20.0 million. The French government has guaranteed 90% of the term loans pursuant to a state guaranteed loan program instituted in connection with the COVID-19 pandemic.

Each of Micromania SAS's term loans, as described above, restrict the ability of Micromania SAS to make distributions and loans to its affiliates, and include various events that would result in the automatic acceleration of the loans thereunder, including failure to pay any principal or interest when due, acceleration of other indebtedness, a change of control and certain bankruptcy, insolvency or receivership events.

Credit Facility

In November 2021 we entered into a credit agreement (the "Credit Agreement") for a secured asset-based credit facility comprised of a $500 million revolving line of credit which matures in November 2026 ("2026 Revolver"). The 2026 Revolver includes a $50 million swing loan revolving sub-facility, a $50 million Canadian revolving sub-facility, and a $250 million letter of credit sublimit. Borrowings under the 2026 Revolver accrue interest at an adjusted LIBOR rate plus an applicable margin (ranging from 1.25% to 1.50%) or an adjusted prime rate plus an applicable margin (ranging from 0.25% to 0.50%). The 2026 Revolver replaced the 2022 Revolver.

The obligations of the borrowers under the Credit Agreement are guaranteed by the Company and certain of its subsidiaries, subject to exceptions that, among other things, limit the ability of the Company’s foreign subsidiaries to guarantee obligations owing by the Company and its domestic subsidiaries. The obligations of the Company and each subsidiary of the Company that is a borrower and/or a guarantor under the Credit Agreement are secured by substantially all of the assets of the Company and each such subsidiary, subject to customary exceptions.

The Credit Agreement places certain restrictions on the Company and its subsidiaries, including, but not limited to, limitations on additional liens, investments, acquisitions, loans, guarantees, the incurrence of additional indebtedness, certain fundamental changes, certain dispositions, certain dividends and distributions, and certain related party transactions. The Credit Agreement also provides for customary events of default, including, but not limited to, payment defaults, breaches of covenants and certain events of bankruptcy, insolvency and reorganization. In addition, in the event that excess availability under the 2026 Revolver is at any time less than the greater of (1) $12.5 million or (2) 10% of the lesser of the total commitment or the borrowing base, we will be subject to a fixed charge coverage ratio covenant of 1.0:1.0 (the "Availability Reduction").

As of January 29, 2022, total availability under the 2026 Revolver, after giving effect to the Availability Reduction was $389.6 million, with no outstanding borrowings and outstanding standby letters of credit of $60.4 million.

Cash Paid for Interest

The following table presents cash paid for interest, net of interest income:


	Fiscal Year
	2021		2020		2019
Cash paid for interest	$	18.3	$	32.8	$	43.5
Cash received for interest income	—		(1.4)		(9.2)
Cash paid for interest, net	$	18.3	$	31.4	$	34.3

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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+ Details

Revenue - Change in Contract Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021
Contract With Customer, Contract Liabilities [Roll Forward]
Contract liability beginning balance	$ 348.2	$ 339.2
Increase to contract liabilities	931.0	953.8
Decrease to contract liabilities	(896.1)	(950.0)
Other adjustments	(4.8)	5.2
Contract liability ending balance	378.3	348.2
Gift Cards Trade in Credits
Contract With Customer, Contract Liabilities [Roll Forward]
Revenue recognized	$ 48.8	$ 45.1

Income Taxes

12 Months Ended

Jan. 29, 2022

Income Tax Disclosure [Abstract]

Income Taxes

The following table presents the (benefit) provision for income taxes from continuing operations:


	Fiscal Year
	2021		2020		2019
Current tax (benefit) expense:
Federal	$	(13.2)	$	(154.9)	$	(25.3)
State	7.6		(1.5)		1.5
Foreign	7.8		18.8		(0.1)
	2.2		(137.6)		(23.9)
Deferred tax (benefit) expense:
Federal	—		45.5		12.6
State	—		7.6		3.2
Foreign	(16.3)		29.2		45.7
	(16.3)		82.3		61.5
Total income tax (benefit) expense	$	(14.1)	$	(55.3)	$	37.6

The following table presents the components of loss from continuing operations before income taxes:


	Fiscal Year
	2021		2020		2019
United States	$	(362.7)	$	(224.6)	$	(352.8)
International	(32.7)		(45.3)		(74.0)
Total	$	(395.4)	$	(269.9)	$	(426.8)


	Fiscal Year
	2021		2020		2019
Federal statutory tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal effect	3.1		5.0		(1.0)
Foreign income tax rate differential	0.4		(3.9)		(0.5)
Change in valuation allowance	(33.6)		(41.8)		(17.9)
Change in unrecognized tax benefits	(1.4)		—		3.4
Foreign tax credit	—		—		0.2
Withholding tax expense	(0.3)		(0.3)		(0.2)
Stock-based compensation	6.4		—		—
Impairment of goodwill	—		—		(15.4)



Nondeductible interest	—		—		(0.1)
U.S. impact of foreign operations	—		7.6		—
Incremental benefit of net operating loss carryback	3.6		23.5		—
Loss on worthless debt and related investment	5.5		10.7		—
Simply Mac loss on sale	—		—		1.6
Other (including permanent differences)(1)	(1.1)		(1.3)		0.1
	3.6	%	20.5	%	(8.8)	%

___________________

(1) Other is comprised of numerous items, none of which is individually or in the aggregate greater than 5% of income tax expense calculated at the statutory rate.


	January 29, 2022		January 30, 2021
Deferred tax asset:
Inventory	$	8.6	$	1.5
Deferred rents	0.9		2.1
Operating lease liabilities	180.0		212.3
Stock-based compensation	4.7		1.5
Net operating losses and other loss carryforwards	219.8		111.8
Customer liabilities	15.1		18.1
Credits	25.1		27.6
Accrued compensation	9.3		12.9
Intangible assets	25.5		29.8
Goodwill	0.9		1.2
Other	48.1		24.5
Total deferred tax assets	538.0		443.3
Valuation allowance	(338.3)		(225.7)
Total deferred tax assets, net	199.7		217.6
Deferred tax liabilities:
Property and equipment	(5.4)		(7.9)
Prepaid expenses	(0.9)		(2.0)
Operating lease right-of-use assets	(177.1)		(207.4)
Other	—		(0.3)
Total deferred tax liabilities	(183.4)		(217.6)
Net deferred tax assets	$	16.3	$	—
The above amounts are reflected in the consolidated financial statements as:
Deferred income taxes - assets	$	16.3	$	—
Deferred income taxes - liabilities	$	—	$	—

During fiscal 2021, we increased our valuation allowances by approximately $128.9 million in various jurisdictions where it was determined that it was more likely than not that existing gross and/or net deferred tax assets would not be realized, primarily due to cumulative losses in those jurisdictions. We also decreased our valuation allowances by approximately $16.3 million in Australia and New Zealand where it was determined in the current period that it is more likely than not that deferred tax assets will be realized. As of January 29, 2022, we maintain full valuation allowances on our deferred tax assets in all jurisdictions except for Australia and New Zealand. We will continue to assess the realizability of our gross and net deferred tax assets in all tax jurisdictions in which we do business in future periods.

With respect to state and local jurisdictions and countries outside of the United States, we and our subsidiaries are typically subject to examination for three years to six years after the income tax returns have been filed. Although the outcome of tax audits is always uncertain, we believe that adequate amounts of tax, interest and penalties have been provided for in the accompanying consolidated financial statements for any adjustments that might be incurred due to state, local or foreign audits.

As of January 29, 2022, we have approximately $8.0 million of net operating loss carryforwards in various foreign jurisdictions that expire in years 2027 through 2042, as well as $363.1 million of foreign net operating loss carryforwards that have no expiration date. In addition, we have approximately $22.2 million of foreign tax credit carryforwards that expire in years 2024 through 2027. We also have approximately $56.1 million of U.S. federal net operating loss carryovers acquired through the ThinkGeek acquisition that will expire in years 2023 through 2035. Section 382 under the Internal Revenue Code imposes limits on the amount of tax attributes that can be utilized where there has been an ownership change. The federal and state net operating loss carryovers acquired through the ThinkGeek acquisition experienced an ownership change on July 17, 2015, and we have determined that these net operating loss carryforwards will be subject to future limitation. As of January 29, 2022 we have a $168.6 million U.S. federal income tax receivable resulting from the carryback of net operating losses allowed pursuant to the CARES Act. Income tax receivable is recognized in prepaid expenses and other current assets on our Consolidated Balance Sheets.

As of January 29, 2022, the gross amount of unrecognized tax benefits was approximately $9.1 million. If we were to prevail on all uncertain tax positions, the net effect would be a benefit to our effective tax rate of approximately $9.1 million, exclusive of any benefits related to interest and penalties.

The following table presents a reconciliation of the changes in the gross balances of unrecognized tax benefits:


	Fiscal Year
	2021		2020		2019
Beginning balance of unrecognized tax benefits	$	5.7	$	6.5	$	22.5
Increases related to current period tax positions	4.0		—		0.4
Increases related to prior period tax positions	0.7		1.2		1.6
Decreases related to prior period tax positions	—		—		(10.2)
Reductions as a result of a lapse of the applicable statute of limitations	(0.8)		(0.6)		(4.3)
Reductions as a result of settlements with taxing authorities	(0.5)		(1.4)		(3.5)
Ending balance of unrecognized tax benefits	$	9.1	$	5.7	$	6.5

We recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense in our Consolidated Statement of Operations. As of January 29, 2022, January 30, 2021, and February 1, 2020, we had approximately $3.8 million, $3.4 million and $2.8 million, respectively, in interest and penalties related to unrecognized tax benefit accrued, of which approximately $0.4 million of expense, $0.6 million of benefit and $2.6 million of benefit were recognized through income tax expense in fiscal 2021, 2020 and 2019, respectively. If we were to prevail on all uncertain tax positions, the reversal of these accruals related to interest and penalties would also be a benefit to our effective tax rate.

It is reasonably possible that the amount of the unrecognized benefit with respect to certain of our unrecognized tax positions could significantly increase or decrease within the next 12 months as a result of settling ongoing audits. However, as audit outcomes and the timing of audit resolutions are subject to significant uncertainty and given the nature and complexity of the issues involved, we are unable to reasonably estimate the possible amount of change in the unrecognized tax benefits, if any, that may occur within the next 12 months as a result of ongoing examinations. Nevertheless, we believe we are adequately reserved for our uncertain tax positions as of January 29, 2022.

Cash Paid for Income Taxes

The following table presents cash paid for income taxes, net of refunds:


	Fiscal Year
	2021		2020		2019
Cash paid for income taxes	$	21.4	$	8.3	$	66.8
Cash refunds received	(4.5)		(57.4)		(15.7)
Cash paid (refunded) for income taxes, net	$	16.9	$	(49.1)	$	51.1

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Accounting Policies [Abstract]
Depreciation	$ 73.6	$ 76.8	$ 90.8
Impairment losses from store closures	$ 3.8	$ 7.2	$ 6.6

Associates' Defined Contribution Plan	12 Months Ended
Associates' Defined Contribution Plan	Jan. 29, 2022
Retirement Benefits [Abstract]
Associates' Defined Contribution Plan	Associates' Defined Contribution PlanWe sponsor a defined contribution plan (the “Savings Plan”) for the benefit of substantially all of our U.S. associates who meet certain eligibility requirements, primarily age and length of service. The Savings Plan allows associates to invest up to 60%, subject to IRS limitations, of their eligible gross cash compensation on a pre-tax basis. Our optional contributions to the Savings Plan are generally in amounts based upon a certain percentage of the associates’ contributions. Our contributions to the Savings Plan during fiscal 2021, 2020 and 2019, were $4.5 million, $5.6 million and $6.0 million, respectively.

Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Accounting Policies [Abstract]
Restricted cash	$ 48.5	$ 126.5

Segment Information (Tables)

12 Months Ended

Jan. 29, 2022

Segment Reporting [Abstract]

Information on Segments and Reconciliation to Earnings Before Income Taxes

The following table presents segment information:


	United States		Canada		Australia		Europe		Total
As of and for the Fiscal Year Ended January 29, 2022
Net sales	$	4,186.5	$	332.3	$	591.8	$	900.1	$	6,010.7
Operating (loss) earnings	(358.1)		(1.1)		30.6		(39.9)		(368.5)
Depreciation and amortization	50.7		2.9		7.0		15.9		76.5
Asset impairments	0.2		—		—		6.5		6.7
Capital expenditures	42.3		3.1		9.4		7.2		62.0
Property and equipment, net	100.1		8.3		15.6		39.6		163.6

As of and for the Fiscal Year Ended January 30, 2021
Net sales	$	3,417.1	$	258.4	$	625.3	$	789.0	$	5,089.8
Operating (loss) earnings	(211.0)		(0.3)		52.2		(78.7)		(237.8)
Depreciation and amortization	51.2		3.1		7.6		18.1		80.0
Asset impairments	11.3		0.1		—		4.1		15.5
Capital expenditures	54.5		1.0		2.3		2.2		60.0
Property and equipment, net	125.2		8.2		14.8		53.0		201.2

As of and for the Fiscal Year Ended February 1, 2020
Net sales	$	4,497.7	$	344.2	$	525.4	$	1,098.7	$	6,466.0
Operating (loss) earnings	(343.9)		(14.9)		9.4		(50.2)		(399.6)
Depreciation and amortization	57.8		3.8		8.9		24.7		95.2
Goodwill and asset impairments	376.7		0.4		0.2		8.3		385.6
Capital expenditures	56.8		4.2		4.5		13.0		78.5
Property and equipment, net	164.9		17.0		32.5		61.5		275.9

Earnings Per Share - Narrative (Details) shares in Millions	Jan. 29, 2022 shares
Class A Common Stock \| Computer Share
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock and non vested equity instruments (in shares)	8.9

Debt (Tables)

12 Months Ended

Jan. 29, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table presents the carrying value of our debt:


	January 29, 2022		January 30, 2021

Revolving credit facility due 2022	$	—	$	25.0
French Term Loans	44.6		48.6
6.75% Senior Notes due 2021	—		73.2
10.00% Senior Notes due 2023	—		216.4
Less: Senior Notes unamortized debt financing costs	—		(0.5)
Total debt, net	$	44.6	$	362.7
Less: short-term debt and current portion of long-term debt(1)	(4.1)		(146.7)
Long-term debt, net	$	40.5	$	216.0

Schedule of Cash Paid for Interest Net of Interest Income

The following table presents cash paid for interest, net of interest income:


	Fiscal Year
	2021		2020		2019
Cash paid for interest	$	18.3	$	32.8	$	43.5
Cash received for interest income	—		(1.4)		(9.2)
Cash paid for interest, net	$	18.3	$	31.4	$	34.3

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Leases - Narrative (Details) $ in Millions	1 Months Ended				12 Months Ended
Leases - Narrative (Details) $ in Millions	Jul. 31, 2021	Sep. 30, 2020 USD ($)	Aug. 31, 2020 USD ($)	Jul. 31, 2020 USD ($) renewal_option	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)	Feb. 01, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Issued a letter of credit					$ 0.0	$ 150.0	$ 0.0
Gain on sale of assets					0.0	32.4	$ 0.0
Cash outflows					262.3	251.4
ROU assets obtained in exchange for operating lease obligations					205.4	132.5
Impairment charges					1.3	$ 2.9
Australian Headquarters in Eagle Farm, Queensland
Lessee, Lease, Description [Line Items]
Sale and leaseback transaction, gain (loss), net			$ 27.0
Sale lease back transaction initial lease terms			10 years
Sale lease back transaction initial annual base rent			$ 1.7
Canadian Headquarters In Brampton Ontario
Lessee, Lease, Description [Line Items]
Sale and leaseback transaction, gain (loss), net		$ 16.7
Sale lease back transaction initial lease terms		5 years
Sale lease back transaction initial annual base rent		$ 0.9
Corporate Headquarters
Lessee, Lease, Description [Line Items]
Sale and leaseback transaction, gain (loss), net				$ 28.5
Initial term				10 years
Number of renewal options \| renewal_option				3
Renewal term				5 years
Annual rent				$ 1.7
Annual base rent percent increase				2.25%
Sale leaseback, provide letter of credit to the buyer-lessor from closing date, period				18 months
Reduction in purchase price from deferred issuance of letter of credit				$ 2.8
Issued a letter of credit					$ 2.8
Office Space and Refurbishment Center
Lessee, Lease, Description [Line Items]
Sale and leaseback transaction, gain (loss), net				$ 15.2
Initial term				2 years
Renewal term	5 years
Extension term	3 years

New Accounting Pronouncements	12 Months Ended
New Accounting Pronouncements	Jan. 29, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard provides practical expedients for contract modifications with the transition from reference rates, such as LIBOR, that are expected to be discontinued. This guidance is applicable for our revolving line of credit, which uses LIBOR as a reference rate. The provisions of ASU 2020-04 are effective as of March 12, 2020 and may be adopted prospectively through December 31, 2022. As of January 30, 2022, we adopted this ASU with no material impact to our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This standard is intended to simplify the accounting and disclosure requirements for income taxes by eliminating various exceptions in accounting for income taxes as well as clarifying and amending existing guidance to improve consistency in application of ASC 740. The provisions of ASU 2019-12 are effective for fiscal years beginning after December 15, 2021, with early adoption permitted. As of January 30, 2022, we adopted this ASU with no material impact to our consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Fair Value Measurements and Financial Instruments - Fair Value of Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value - Fair Value, Recurring - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Assets:
Foreign currency contracts	$ 3.8	$ 2.5
Company-owned life insurance	0.6	2.7
Total assets	4.4	5.2
Liabilities:
Foreign currency contracts	0.4	2.4
Nonqualified deferred compensation	0.6	0.6
Total liabilities	$ 1.0	$ 3.0

Asset Impairments (Tables)

12 Months Ended

Jan. 29, 2022

Restructuring and Related Activities [Abstract]

Schedule of Asset Impairment

The following is a summary of our asset impairment charges, by reportable segment:


	United States		Canada		Australia		Europe		Total
Fiscal 2021

Store and other asset impairment charges	$	0.2	$	—	$	—	$	6.5	$	6.7
Total	$	0.2	$	—	$	—	$	6.5	$	6.7
Fiscal 2020
Intangible asset impairment charges	$	0.5	$	—	$	—	$	0.6	$	1.1
Corporate aircraft impairment charges	3.2		—		—		—		3.2
Store and other asset impairment charges	7.6		0.1		—		3.5		11.2
Total	$	11.3	$	0.1	$	—	$	4.1	$	15.5
Fiscal 2019
Intangible asset impairment charges	$	2.3	$	—	$	—	$	—	$	2.3
Corporate aircraft impairment charges	8.7		—		—		—		8.7
Store and other asset impairment charges	1.8		0.4		0.2		8.3		10.7
Total	$	12.8	$	0.4	$	0.2	$	8.3	$	21.7

Summary of Significant Accounting Policies - Share Repurchases (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Feb. 01, 2020	Jan. 29, 2022	Mar. 04, 2019
Accounting Policies [Abstract]
Stock repurchase program, authorized amount			$ 300.0
Stock repurchased and retired during period (in shares)	38.1
Stock repurchased and retired during period, value	$ 198.7
Average price per share (in dollars per share)	$ 5.19
Remaining authorized repurchase amount		$ 101.3

Common Stock and Share-Based Compensation - Summary of Restricted Stock Awards (Details) - $ / shares	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Restricted stock
Shares
Nonvested shares at beginning of period (in shares)	3,005,950
Granted (in shares)	185,743	2,068,176	2,398,748
Vested (in shares)	(2,745,804)
Forfeited (in shares)	(250,278)
Nonvested shares at end of period (in shares)	195,611	3,005,950
Weighted- Average Grant Date Fair Value
Nonvested shares at beginning of period (in dollars per share)	$ 5.83
Granted (in dollars per share)	117.67	$ 4.65	$ 8.05
Vested (in dollars per share)	5.84
Forfeited (in dollars per share)	42.30
Nonvested shares at end of period (in dollars per share)	$ 65.16	$ 5.83
Performance Shares
Shares
Nonvested shares at beginning of period (in shares)	1,560,164
Granted (in shares)	0	501,612	1,199,042
Vested (in shares)	0
Forfeited (in shares)	(1,367,029)
Nonvested shares at end of period (in shares)	193,135	1,560,164
Weighted- Average Grant Date Fair Value
Nonvested shares at beginning of period (in dollars per share)	$ 6.79
Granted (in dollars per share)	0	$ 4.58	$ 7.95
Vested (in dollars per share)	0
Forfeited (in dollars per share)	7.09
Nonvested shares at end of period (in dollars per share)	$ 4.66	$ 6.79
Restricted stock units
Shares
Nonvested shares at beginning of period (in shares)	0
Granted (in shares)	1,001,565
Vested (in shares)	(341)
Forfeited (in shares)	(64,360)
Nonvested shares at end of period (in shares)	936,864	0
Weighted- Average Grant Date Fair Value
Nonvested shares at beginning of period (in dollars per share)	$ 0
Granted (in dollars per share)	179.45
Vested (in dollars per share)	204.36
Forfeited (in dollars per share)	197.15
Nonvested shares at end of period (in dollars per share)	$ 178.22	$ 0

Summary of Significant Accounting Policies - Foreign Currency (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Selling General And Administrative Expense
Segment Reporting Information [Line Items]
Foreign currency transaction gain (loss)	$ (3.4)	$ (1.0)	$ 1.0

Segment Information - Narrative (Details)	12 Months Ended
Segment Information - Narrative (Details)	Jan. 29, 2022 segment location
Segment Reporting Information [Line Items]
Number of operating segments \| segment	4
United States
Segment Reporting Information [Line Items]
Number of states the entity operates \| location	50

Income Taxes - Income Taxes Paid (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Tax Disclosure [Abstract]
Cash paid for income taxes	$ 21.4	$ 8.3	$ 66.8
Cash refunds received	(4.5)	(57.4)	(15.7)
Cash paid (refunded) for income taxes, net	$ 16.9	$ (49.1)	$ 51.1

Asset Impairments (Details) - USD ($) $ in Millions	12 Months Ended
Asset Impairments (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Impairment Costs [Line Items]
Intangible asset impairment charges	$ 0.0	$ 1.1	$ 2.3
Corporate aircraft impairment charges		3.2	8.7
Store and other asset impairment charges	6.7	11.2	10.7
Total asset impairments	6.7	15.5	21.7
United States
Impairment Costs [Line Items]
Intangible asset impairment charges		0.5	2.3
Corporate aircraft impairment charges		3.2	8.7
Store and other asset impairment charges	0.2	7.6	1.8
Total asset impairments	0.2	11.3	12.8
Canada
Impairment Costs [Line Items]
Intangible asset impairment charges		0.0	0.0
Corporate aircraft impairment charges		0.0	0.0
Store and other asset impairment charges	0.0	0.1	0.4
Total asset impairments	0.0	0.1	0.4
Australia
Impairment Costs [Line Items]
Intangible asset impairment charges		0.0	0.0
Corporate aircraft impairment charges		0.0	0.0
Store and other asset impairment charges	0.0	0.0	0.2
Total asset impairments	0.0	0.0	0.2
Europe
Impairment Costs [Line Items]
Intangible asset impairment charges		0.6	0.0
Corporate aircraft impairment charges		0.0	0.0
Store and other asset impairment charges	6.5	3.5	8.3
Total asset impairments	$ 6.5	$ 4.1	$ 8.3

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Segment Reporting Information [Line Items]
Net sales	$ 6,010.7	$ 5,089.8	$ 6,466.0
Operating (loss) earnings	(368.5)	(237.8)	(399.6)
Depreciation and amortization	76.5	80.0	95.2
Asset impairments	6.7	15.5	21.7
Goodwill and asset impairments	6.7	15.5	385.6
Capital expenditures	62.0	60.0	78.5
Property and equipment, net	163.6	201.2	275.9
United States
Segment Reporting Information [Line Items]
Net sales	4,186.5	3,417.1	4,497.7
Operating (loss) earnings	(358.1)	(211.0)	(343.9)
Depreciation and amortization	50.7	51.2	57.8
Asset impairments	0.2	11.3	12.8
Goodwill and asset impairments			376.7
Capital expenditures	42.3	54.5	56.8
Property and equipment, net	100.1	125.2	164.9
Canada
Segment Reporting Information [Line Items]
Net sales	332.3	258.4	344.2
Operating (loss) earnings	(1.1)	(0.3)	(14.9)
Depreciation and amortization	2.9	3.1	3.8
Asset impairments	0.0	0.1	0.4
Goodwill and asset impairments			0.4
Capital expenditures	3.1	1.0	4.2
Property and equipment, net	8.3	8.2	17.0
Australia
Segment Reporting Information [Line Items]
Net sales	591.8	625.3	525.4
Operating (loss) earnings	30.6	52.2	9.4
Depreciation and amortization	7.0	7.6	8.9
Asset impairments	0.0	0.0	0.2
Goodwill and asset impairments			0.2
Capital expenditures	9.4	2.3	4.5
Property and equipment, net	15.6	14.8	32.5
Europe
Segment Reporting Information [Line Items]
Net sales	900.1	789.0	1,098.7
Operating (loss) earnings	(39.9)	(78.7)	(50.2)
Depreciation and amortization	15.9	18.1	24.7
Asset impairments	6.5	4.1	8.3
Goodwill and asset impairments			8.3
Capital expenditures	7.2	2.2	13.0
Property and equipment, net	$ 39.6	$ 53.0	$ 61.5

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical)	12 Months Ended
	Feb. 01, 2020 $ / shares
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.38

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible asset impairment charges	$ 0.0	$ 1.1	$ 2.3
Total weighted-average amortization period for finite lived intangible assets	7 years
Amortization of intangible assets	$ 3.6	4.0	5.4
Leases, Acquired-in-Place \| Maximum
Goodwill and Intangible Assets Disclosure [Line Items]
Total weighted-average amortization period for finite lived intangible assets	20 years
Europe
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible asset impairment charges		0.6	0.0
United States
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible asset impairment charges		$ 0.5	$ 2.3

Accrued and Other Current Liabilities (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Payables and Accruals [Abstract]
Customer-related liabilities	$ 247.5	$ 251.7
Deferred revenue	142.3	119.9
Employee benefits, compensation and related taxes	97.9	104.4
Checks and transfers yet to be presented for payment from zero balance cash accounts	5.3	4.1
Income and other taxes payable	30.7	47.1
Other accrued liabilities	145.2	99.6
Total accrued and other current liabilities	$ 668.9	$ 626.8

Income Taxes - Reconciliation of Changes in Gross Balances of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance of unrecognized tax benefits	$ 5.7	$ 6.5	$ 22.5
Increases related to current period tax positions	4.0	0.0	0.4
Increases related to prior period tax positions	0.7	1.2	1.6
Decreases related to prior period tax positions	0.0	0.0	(10.2)
Reductions as a result of a lapse of the applicable statute of limitations	(0.8)	(0.6)	(4.3)
Reductions as a result of settlements with taxing authorities	(0.5)	(1.4)	(3.5)
Ending balance of unrecognized tax benefits	$ 9.1	$ 5.7	$ 6.5

Earnings Per Share

12 Months Ended

Jan. 29, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Basic net income (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding and potentially dilutive securities outstanding during the period. Potentially dilutive securities include stock options, unvested restricted stock, and unvested restricted stock units outstanding during the period, using the treasury stock method. Potentially dilutive securities are excluded from the computations of diluted earnings per share if their effect would be antidilutive. A net loss from continuing operations causes all potentially dilutive securities to be antidilutive. We have certain undistributed stock awards that participate in dividends on a non-forfeitable basis, however, their impact on earnings per share under the two-class method is negligible.

The following is a reconciliation of shares used in calculating basic and diluted net income (loss) per common share (in millions, except per share data):


	Fiscal Year
	2021	2020	2019
Weighted-average common shares outstanding	72.6	65.0	87.5
Dilutive effect of stock options and restricted stock awards	—	—	—
Weighted-average diluted common shares	72.6	65.0	87.5

Anti-dilutive shares:
Restricted stock units	0.9	—	—
Restricted stock	0.4	1.6	1.9
Stock options	—	—	0.2

As of January 29, 2022, 8.9 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare.