Accounts receivable, net (Tables)

9 Months Ended

Nov. 01, 2014


(in millions)	November 1, 2014		February 1, 2014		November 2, 2013
Accounts receivable by portfolio segment, net:
Sterling Jewelers customer in-house finance receivables	$	1,280.3	$	1,356.0	$	1,111.8
Other accounts receivable		11.8		18.0		11.7

Total accounts receivable, net	$	1,292.1	$	1,374.0	$	1,123.5

Allowance for credit losses on Sterling Jewelers’ customer in-house finance receivables:


(in millions)	39 weeks ended November 1, 2014			52 weeks ended February 1, 2014			39 weeks ended November 2, 2013
Beginning balance	$	(97.8	)	$	(87.7	)	$	(87.7	)
Charge-offs		101.0			128.2			91.0
Recoveries		22.1			26.0			19.9
Provision expense		(127.9	)		(164.3	)		(112.8	)

Ending balance	$	(102.6	)	$	(97.8	)	$	(89.6	)
Ending receivable balance evaluated for impairment		1,382.9			1,453.8			1,201.4

Sterling Jewelers’ customer in-house finance receivables, net	$	1,280.3		$	1,356.0		$	1,111.8

Credit quality indicator and age analysis of past due Sterling Jewelers’ customer in-house finance receivables:


	November 1, 2014						February 1, 2014						November 2, 2013
(in millions)	Gross			Valuation allowance			Gross			Valuation allowance			Gross			Valuation allowance
Performing:
Current, aged 0-30 days	$	1,087.9		$	(33.2	)	$	1,170.4		$	(36.3	)	$	946.9		$	(29.0	)
Past due, aged 31-90 days		233.8			(8.2	)		229.9			(8.0	)		201.1			(7.2	)
Non Performing:
Past due, aged more than 90 days		61.2			(61.2	)		53.5			(53.5	)		53.4			(53.4	)

	$	1,382.9		$	(102.6	)	$	1,453.8		$	(97.8	)	$	1,201.4		$	(89.6	)

	November 1, 2014						February 1, 2014						November 2, 2013
(as a percentage of the ending receivable balance)	Gross			Valuation allowance			Gross			Valuation allowance			Gross			Valuation allowance
Performing		95.6	%		3.1	%		96.3	%		3.2	%		95.6	%		3.2	%
Non Performing		4.4	%		100.0	%		3.7	%		100.0	%		4.4	%		100.0	%
		100.0	%		7.4	%		100.0	%		6.7	%		100.0	%		7.5	%