Deferred revenue

9 Months Ended

Oct. 29, 2016

Deferred Revenue Disclosure [Abstract]

Deferred revenue is comprised primarily of ESP and voucher promotions and other as follows:



(in millions)	October 29, 2016		January 30, 2016		October 31, 2015
Sterling Jewelers ESP deferred revenue	$	710.2	$	715.1	$	684.7
Zale ESP deferred revenue	155.2		146.1		132.6
Voucher promotions and other	23.4		28.2		21.6
Total deferred revenue	$	888.8	$	889.4	$	838.9

Disclosed as:
Current liabilities	$	256.7	$	260.3	$	241.4
Non-current liabilities	632.1		629.1		597.5
Total deferred revenue	$	888.8	$	889.4	$	838.9

ESP deferred revenue



	13 weeks ended						39 weeks ended
(in millions)	October 29, 2016			October 31, 2015			October 29, 2016			October 31, 2015
Sterling Jewelers ESP deferred revenue, beginning of period	$	720.3		$	691.4		$	715.1		$	668.9
Plans sold	52.8			51.8			190.4			180.2
Revenue recognized	(62.9		)	(58.5		)	(195.3		)	(164.4		)
Sterling Jewelers ESP deferred revenue, end of period	$	710.2		$	684.7		$	710.2		$	684.7



	13 weeks ended						39 weeks ended
(in millions)	October 29, 2016			October 31, 2015			October 29, 2016			October 31, 2015
Zale ESP deferred revenue, beginning of period	$	156.2		$	132.3		$	146.1		$	120.3
Plans sold⁽¹⁾	28.3			26.7			100.8			91.3
Revenue recognized	(29.3		)	(26.4		)	(91.7		)	(79.0		)
Zale ESP deferred revenue, end of period	$	155.2		$	132.6		$	155.2		$	132.6


⁽¹⁾	Includes impact of foreign exchange translation.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details