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Acquisitions (Tables)
 9 Months Ended
Oct. 31, 2021
Business Acquisition [Line Items]  
Schedule of pro forma information The following pro forma information has been prepared for comparative purposes only and is not necessarily indicative of the results of operations as they would have been had the Pacific Pipe, L&M and R&B acquisitions occurred on the assumed dates, nor is it necessarily an indication of future operating results. In addition, the pro forma information does not reflect the cost of any integration activities, benefits from any synergies that may be derived from the Pacific Pipe, L&M and R&B acquisitions or revenue growth that may be anticipated.
Three Months EndedNine Months Ended
October 31, 2021November 1, 2020October 31, 2021November 1, 2020
Net sales$1,410.8 $1,047.5 $3,834.5 $2,931.0 
Net income$111.8 $24.3 $155.6 $35.7 
Schedule of intangible assets acquired and assumptions utilized in the valuation A summary of the intangible assets acquired and assumptions utilized in the valuation for the Pacific Pipe, L&M and R&B acquisitions are as follows:
Intangible Asset AmountAmortization PeriodDiscount RateAttrition Rate
L&M Acquisition
Customer relationships$18.6 10 years15.5 %15.0 %
Non-compete agreement0.1 5 years15.5 %N/A
Trademark0.3 2 years15.5 %N/A
Pacific Pipe Acquisition
Customer relationships$45.9 10 years11.5 %10.0 %
Non-compete agreement0.3 5 years11.5 %N/A
Trademark0.5 2 years11.5 %N/A
R&B Acquisition
Customer relationships$113.7 15 years10.0 %7.5 %
Non-compete agreement0.4 5 years10.0 %N/A
Trademark0.4 1 year10.0 %N/A
Schedule of acquisition related costs Acquisition-related costs, which are included within selling, general and administrative expenses, for the Pacific Pipe, L&M and R&B acquisitions and the Other 2021 Acquisitions were as follows:
Three Months EndedNine Months Ended
October 31, 2021November 1, 2020October 31, 2021November 1, 2020
L&M Acquisition$0.7 $— $0.9 $— 
Pacific Pipe Acquisition1.0 — 1.2 — 
R&B Acquisition— — — 1.4 
Other 2021 Acquisitions— — — — 
L&M  
Business Acquisition [Line Items]  
Schedule of allocation of transaction price to the fair value of identifiable assets acquired and liabilities assumed
The following represents the preliminary allocation of the transaction price to the fair value of identifiable assets acquired and liabilities assumed in the L&M Acquisition. The amounts below are preliminary, as the Company is still in the process of completing the valuation of certain tangible and intangible assets acquired as part of the L&M Acquisition.
L&M Acquisition
Accounts receivable$7.1 
Inventories16.2 
Intangible assets19.0 
Goodwill17.8 
Operating lease right-of-use assets2.4 
Other assets, current and non-current4.3 
Total assets acquired66.8 
Accounts payable2.0 
Operating lease liabilities2.4 
Net assets acquired$62.4 
Schedule of reconciliation of total consideration to net assets acquired
The following reconciles the total consideration to net assets acquired:
L&M Acquisition
Total consideration, net of cash$62.4 
Plus: Cash acquired in acquisition— 
Total net assets acquired$62.4 
Pacific Pipe  
Business Acquisition [Line Items]  
Schedule of allocation of transaction price to the fair value of identifiable assets acquired and liabilities assumed The following represents the preliminary allocation of the transaction price to the fair value of identifiable assets acquired and liabilities assumed in the Pacific Pipe Acquisition. The amounts below are preliminary, as the Company is still in the process of completing the valuation of certain tangible and intangible assets acquired as part of the Pacific Pipe Acquisition.
Pacific Pipe Acquisition
Cash$1.7 
Accounts receivable8.9 
Inventories16.9 
Intangible assets46.7 
Goodwill43.0 
Operating lease right-of-use assets16.9 
Other assets, current and non-current6.1 
Total assets acquired140.2 
Accounts payable6.0 
Deferred tax liability11.7 
Operating lease liabilities16.9 
Other liabilities, current and non-current0.1 
Net assets acquired$105.5 
Schedule of reconciliation of total consideration to net assets acquired
The following reconciles the total consideration to net assets acquired:
Pacific Pipe Acquisition
Total consideration, net of cash$103.8 
Plus: Cash acquired in acquisition1.7 
Total net assets acquired$105.5 
R&B  
Business Acquisition [Line Items]  
Schedule of allocation of transaction price to the fair value of identifiable assets acquired and liabilities assumed The following represents the final allocation of the transaction price to the fair value of identifiable assets acquired and liabilities assumed in the R&B Acquisition.
R&B Acquisition
Cash$2.7 
Accounts receivable25.0 
Inventories19.8 
Intangible assets114.5 
Goodwill88.4 
Operating lease right-of-use assets9.5 
Other assets, current and non-current10.7 
Total assets acquired270.6 
Accounts payable17.5 
Deferred tax liability31.2 
Operating lease liabilities9.5 
Other liabilities, current and non-current3.6 
Net assets acquired$208.8 
Schedule of reconciliation of total consideration to net assets acquired
The following reconciles the total consideration to net assets acquired:
R&B Acquisition
Total consideration, net of cash$207.4 
Plus: Cash acquired in acquisition2.7 
Less: Working capital adjustment(1.3)
Total consideration208.8 
Less: non-cash contingent consideration— 
Net assets acquired$208.8