0001326380-22-000126 | 10-Q | XBRL Viewer

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Cover - shares	6 Months Ended
Cover - shares	Jul. 30, 2022	Sep. 01, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 30, 2022
Document Transition Report	false
Entity File Number	1-32637
Entity Registrant Name	GameStop Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-2733559
Entity Address, Address Line One	625 Westport Parkway
Entity Address, City or Town	Grapevine,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76051
City Area Code	(817)
Local Phone Number	424-2000
Title of 12(b) Security	Class A Common Stock
Trading Symbol	GME
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		304,529,721
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001326380
Current Fiscal Year End Date	--01-28

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 908.9	$ 1,271.4	$ 1,720.4
Receivables, net of allowance of $3.5, $3.7 and $3.3, respectively	99.6	141.1	68.5
Merchandise inventories	734.8	915.0	596.4
Prepaid expenses and other current assets	275.9	271.3	271.7
Total current assets	2,019.2	2,598.8	2,657.0
Property and equipment, net of accumulated depreciation of $990.1, $1,113.7, and $1,029.8, respectively	146.8	163.6	186.6
Operating lease right-of-use assets	554.3	586.6	645.2
Deferred income taxes	16.7	16.3	0.0
Other noncurrent assets	62.5	134.0	57.0
Total assets	2,799.5	3,499.3	3,545.8
Current liabilities:
Accounts payable	217.4	471.0	409.7
Accrued liabilities and other current liabilities	512.1	668.9	563.1
Current portion of operating lease liabilities	194.0	210.7	221.5
Current portion of long-term debt	8.9	4.1	0.0
Total current liabilities	932.4	1,354.7	1,194.3
Long-term debt	32.1	40.5	47.5
Operating lease liabilities	367.4	393.7	432.0
Other long-term liabilities	124.1	107.9	20.0
Total liabilities	1,456.0	1,896.8	1,693.8
Stockholders’ equity:
Class A common stock — $.001 par value; 1,000 shares authorized; 304.0, 303.6 and 303.6 shares issued and outstanding, respectively	0.1	0.1	0.1
Additional paid-in capital	1,593.4	1,577.5	1,561.7
Accumulated other comprehensive loss	(77.0)	(68.7)	(56.3)
Retained (loss) earnings	(173.0)	93.6	346.5
Total stockholders’ equity	1,343.5	1,602.5	1,852.0
Total liabilities and stockholders’ equity	$ 2,799.5	$ 3,499.3	$ 3,545.8

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Statement of Financial Position [Abstract]
Receivables, net of allowances	$ 3.5	$ 3.3	$ 3.7
Accumulated depreciation	$ 990.1	$ 1,029.8	$ 1,113.7
Class A common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Class A common stock, shares authorized (in shares)	1,000.0	1,000.0	1,000.0
Class A common stock, shares issued (in shares)	304.0	303.6	303.6
Class A common stock, shares outstanding (in shares)	304.0	303.6	303.6

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,136.0	$ 1,183.4	$ 2,514.4	$ 2,460.2
Cost of sales	853.8	862.5	1,933.7	1,809.2
Gross profit	282.2	320.9	580.7	651.0
Selling, general and administrative expenses	387.5	378.9	839.7	749.2
Asset impairments		0.0	2.5	0.6
Operating loss	(107.8)	(58.0)	(261.5)	(98.8)
Interest (income) expense, net	(0.3)	0.5	0.4	25.2
Loss before income taxes	(107.5)	(58.5)	(261.9)	(124.0)
Income tax expense	1.2	3.1	4.7	4.4
Net loss	$ (108.7)	$ (61.6)	$ (266.6)	$ (128.4)
Net loss per share:
Basic (in dollars per share)	$ (0.36)	$ (0.21)	$ (0.88)	$ (0.46)
Diluted (in dollars per share)	$ (0.36)	$ (0.21)	$ (0.88)	$ (0.46)
Weighted-average shares outstanding:
Basic (in shares)	304.2	290.4	304.0	277.2
Diluted (in shares)	304.2	290.4	304.0	277.2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (108.7)	$ (61.6)	$ (266.6)	$ (128.4)
Other comprehensive loss:
Foreign currency translation adjustment	(4.4)	(9.1)	(8.3)	(7.0)
Total comprehensive loss	$ (113.1)	$ (70.7)	$ (274.9)	$ (135.4)

- Definition

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

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Cash flows from operating activities:
Net loss	$ (266.6)	$ (128.4)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Depreciation and amortization	32.4	36.3
Stock-based compensation expense	18.9	14.5
Gain on sale of digital assets	(6.9)	0.0
Digital asset impairments	33.7	0.0
Asset impairments	2.5	0.6
Loss on disposal of property and equipment, net	1.6	0.5
Loss on retirement of debt	0.0	18.2
Other, net	(5.0)	(0.6)
Changes in operating assets and liabilities:
Receivables, net	39.3	36.2
Merchandise inventories	169.6	1.2
Prepaid expenses and other assets	(27.4)	(4.0)
Prepaid income taxes and income taxes payable	0.9	(13.8)
Accounts payable and accrued liabilities	(384.0)	25.2
Operating lease right-of-use assets and lease liabilities	(15.8)	(16.1)
Changes in other long-term liabilities	(0.5)	(0.1)
Net cash flows used in operating activities	(407.3)	(30.3)
Cash flows from investing activities:
Proceeds from sale of digital assets	77.3	0.0
Capital expenditures	(31.3)	(28.2)
Other	0.0	(0.1)
Net cash flows provided by (used in) investing activities	46.0	(28.3)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of costs	0.0	1,672.8
Repayments of revolver borrowings	0.0	(25.0)
Payments of senior notes	0.0	(307.4)
Settlement of stock-based awards	(3.0)	(136.6)
Other	0.0	(0.1)
Net cash flows (used in) provided by financing activities	(3.0)	1,203.7
Exchange rate effect on cash, cash equivalents and restricted cash	1.4	(4.5)
(Decrease) increase in cash, cash equivalents and restricted cash	(362.9)	1,140.6
Cash, cash equivalents and restricted cash at beginning of period	1,319.9	635.0
Cash, cash equivalents and restricted cash at end of period	$ 957.0	$ 1,775.6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Millions	Total	Class A Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings (Loss)
Beginning balance (in shares) at Jan. 30, 2021		261,200,000
Beginning balance at Jan. 30, 2021	$ 436.7	$ 0.1	$ 11.0	$ (49.3)	$ 474.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(66.8)				(66.8)
Foreign currency translation	2.1			2.1
Stock-based compensation expense	5.7		5.7
Settlement of stock-based awards (in shares)		2,000,000.0
Settlement of stock-based awards	(49.9)		(49.9)
Issuance of common stock, net of cost (in shares)		14,000,000.0
Issuance of common stock, net of cost	551.7		551.7
Ending balance (in shares) at May. 01, 2021		277,200,000
Ending balance at May. 01, 2021	879.5	$ 0.1	518.5	(47.2)	408.1
Beginning balance (in shares) at Jan. 30, 2021		261,200,000
Beginning balance at Jan. 30, 2021	436.7	$ 0.1	11.0	(49.3)	474.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(128.4)
Issuance of common stock, net of cost (in shares)		34,000,000
Ending balance (in shares) at Jul. 31, 2021		303,600,000
Ending balance at Jul. 31, 2021	1,852.0	$ 0.1	1,561.7	(56.3)	346.5
Beginning balance (in shares) at May. 01, 2021		277,200,000
Beginning balance at May. 01, 2021	879.5	$ 0.1	518.5	(47.2)	408.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(61.6)				(61.6)
Foreign currency translation	(9.1)			(9.1)
Stock-based compensation expense	8.8		8.8
Settlement of stock-based awards (in shares)		6,400,000
Settlement of stock-based awards	(86.7)		(86.7)
Issuance of common stock, net of cost (in shares)		20,000,000.0
Issuance of common stock, net of cost	1,121.1		1,121.1
Ending balance (in shares) at Jul. 31, 2021		303,600,000
Ending balance at Jul. 31, 2021	1,852.0	$ 0.1	1,561.7	(56.3)	346.5
Beginning balance (in shares) at Jan. 29, 2022		303,600,000
Beginning balance at Jan. 29, 2022	1,602.5	$ 0.1	1,577.5	(68.7)	93.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(157.9)				(157.9)
Foreign currency translation	(3.9)			(3.9)
Stock-based compensation expense	11.1		11.1
Settlement of stock-based awards	(1.1)		(1.1)
Ending balance (in shares) at Apr. 30, 2022		303,600,000
Ending balance at Apr. 30, 2022	1,450.7	$ 0.1	1,587.5	(72.6)	(64.3)
Beginning balance (in shares) at Jan. 29, 2022		303,600,000
Beginning balance at Jan. 29, 2022	1,602.5	$ 0.1	1,577.5	(68.7)	93.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(266.6)
Ending balance (in shares) at Jul. 30, 2022		304,000,000.0
Ending balance at Jul. 30, 2022	1,343.5	$ 0.1	1,593.4	(77.0)	(173.0)
Beginning balance (in shares) at Apr. 30, 2022		303,600,000
Beginning balance at Apr. 30, 2022	1,450.7	$ 0.1	1,587.5	(72.6)	(64.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(108.7)				(108.7)
Foreign currency translation	(4.4)			(4.4)
Stock-based compensation expense	7.8		7.8
Settlement of stock-based awards (in shares)		400,000
Settlement of stock-based awards	(1.9)		(1.9)
Ending balance (in shares) at Jul. 30, 2022		304,000,000.0
Ending balance at Jul. 30, 2022	$ 1,343.5	$ 0.1	$ 1,593.4	$ (77.0)	$ (173.0)

General Information	6 Months Ended
General Information	Jul. 30, 2022
Accounting Policies [Abstract]
General Information	General Information The Company GameStop Corp. (“GameStop,” “we,” “us,” “our,” or the “Company”) offers games, entertainment products and technology through its ecommerce properties and stores. We operate our business in four geographic segments: United States, Canada, Australia and Europe. The information contained in these condensed consolidated financial statements refers to continuing operations unless otherwise noted. Basis of Presentation and Consolidation The condensed consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements included herein reflect all adjustments (consisting only of normal, recurring adjustments) which are, in our opinion, necessary for a fair presentation of the information for the periods presented. These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they exclude certain disclosures required under GAAP for complete consolidated financial statements. The accompanying condensed consolidated financial statements and notes are unaudited. The consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the 52 weeks ended January 29, 2022, as filed with the Securities and Exchange Commission ("SEC") on March 17, 2022 (the “2021 Annual Report on Form 10-K”). Due to the seasonal nature of our business, our results of operations for the six months ended July 30, 2022 are not indicative of our future results for the 52 weeks ending January 28, 2023. Our fiscal year is composed of the 52 or 53 weeks ending on the Saturday closest to the last day of January. Each of our fiscal years ending January 28, 2023 and January 29, 2022 consist of 52 weeks. All three and six month periods presented herein contain 13 and 26 weeks, respectively. All references to years, quarters and months relate to fiscal periods rather than calendar periods. Our business, like that of many retailers, is seasonal, with the major portion of the net sales realized during the fourth quarter, which includes the holiday selling season. Stock Split On July 6, 2022, our Board of Directors declared a four-for-one stock split of our Class A common stock in the form of a stock dividend (the "Stock Split"). This dividend was distributed on July 21, 2022 to stockholders of record at the close of business on July 18, 2022. There was no net effect on total stockholders' equity, and the par value per share of our Class A stock remains unchanged at $0.001 per share after the Stock Split. All references made to share or per share amounts in the accompanying condensed consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the effects of the Stock Split. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying footnotes. We regularly evaluate the estimates related to our assets and liabilities, contingent assets and liabilities, and the reported amounts of revenues and expenses. In preparing these condensed consolidated financial statements, we have made our best estimates and judgments of certain amounts recognized in the condensed consolidated financial statements, giving due consideration to materiality. Changes in the estimates and assumptions that we have used could have a significant impact on our financial results. Actual results could differ from those estimates.

Summary of Significant Accounting Policies

6 Months Ended

Jul. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting PoliciesThere have been no material changes to our significant accounting policies included in Part II, Item 8 "Notes to Consolidated Financial Statements", Note 2, Summary of Significant Accounting Policies," in the 2021 Annual Report on Form 10-K. Included below are certain updates related to those policies.

Restricted Cash

The following table presents a reconciliation of cash, cash equivalents and restricted cash in our Condensed Consolidated Balance Sheets to total cash, cash equivalents and restricted cash in our Condensed Consolidated Statements of Cash Flows:


	July 30, 2022		July 31, 2021		January 29, 2022
Cash and cash equivalents	$	908.9	$	1,720.4	$	1,271.4
Restricted cash(1)	33.1		36.7		33.1
Long-term restricted cash(2)	15.0		18.5		15.4
Total cash, cash equivalents and restricted cash	$	957.0	$	1,775.6	$	1,319.9

_________________________________________________

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

(2) Recognized in other noncurrent assets on our Condensed Consolidated Balance Sheets.

Digital Assets

We account for digital assets in accordance with ASC 350, Intangibles-Goodwill and Other (Topic 350). Our digital assets are indefinite-lived intangible assets which 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 selling, general and administrative ("SG&A") expenses in our Condensed Consolidated Statement of Operations. Impairment losses cannot be recovered for any subsequent increase in fair value until the sale or disposal of the asset. Gains 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 Condensed 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 was entitled to receive digital assets in the form of IMX tokens once certain milestones have been achieved. Upon entering the agreement, we recognized the fair value of noncurrent receivables and deferred income of $79.0 million. In February 2022, upon announcement of the agreement, we recognized the fair value of noncurrent receivables and deferred income of $31.7 million. Noncurrent receivables and deferred income are recognized in other noncurrent assets and other long-term liabilities, respectively, on our Condensed Consolidated Balance Sheets. Once the IMX tokens were received, we recorded the digital asset as an indefinite-lived intangible asset and derecognized the noncurrent receivable. The deferred income is recognized over the term of the agreement. During the three and six months ended July 30, 2022, we recognized $13.9 million and $27.8 million, respectively, of income in SG&A expenses in our Condensed Consolidated Statement of Operations. In February 2022, we sold the digital assets related to this transaction and recognized a gain on sale of $6.9 million in SG&A expenses in our Condensed Consolidated Statement of Operations.

During the three months ended July 30, 2022, we launched beta versions of a non-custodial digital asset wallet and a peer-to-peer non-fungible token ("NFT") marketplace that will enable purchases, sales, and trades of NFTs. Revenues earned related to our NFT digital asset wallet and marketplace are recognized in net sales in our Condensed Consolidated Statement of Operations. Revenues earned from our digital asset wallet and NFT marketplace were not material to the condensed consolidated financial statements for the three and six months ended July 30, 2022.

At-the-Market Equity Offering

During the six months ended July 31, 2021, we sold an aggregate of 34,000,000 shares of our common stock under two at-the market equity offering programs (the "ATM Transactions"). We generated $1.683 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 Condensed Consolidated Balance Sheets and SG&A expenses in our Condensed Consolidated Statements of Operations.

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	Jul. 30, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently Adopted Accounting Standards In March 2022, the SEC staff released Staff Accounting Bulletin No. 121 ("SAB 121"), which requires entities that hold crypto assets on behalf of platform users to recognize a liability to reflect the entity’s obligation to safeguard the crypto assets held for its platform users, whether directly or through an agent or another third party acting on its behalf, along with a corresponding safeguarding asset. Both the liability and corresponding safeguarding asset shall be measured at fair value. SAB 121 also requires disclosure of the nature and amount of crypto assets being safeguarded, how the fair value is determined, an entity's accounting policy for safeguarding liabilities and corresponding safeguarding assets, and may require disclosure of other information about risks and uncertainties arising from the entity's safeguarding activities. For crypto assets that are not maintained on our platform and for which the Company does not maintain a private key or the ability to recover a customer’s private key, these balances are not recorded, as there is no related safeguarding obligation in accordance with SAB 121. This guidance is effective from the first interim period after June 15, 2022 and should be applied retrospectively. We adopted SAB 121 during the three months ended July 30, 2022, with no impact on our condensed 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

Revenue

6 Months Ended

Jul. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

The following table presents net sales by significant product category:


	Three Months Ended				Six Months Ended
	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Hardware and accessories (1)	$	596.4	$	609.6	$	1,270.1	$	1,313.1
Software (2)	316.4		396.6		800.1		794.5
Collectibles	223.2		177.2		444.2		352.6
Total net sales	$	1,136.0	$	1,183.4	$	2,514.4	$	2,460.2

__________________________________________________

(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.

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

See Note 9, "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. 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 customers redeem gift cards, trade-in credits, customer 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 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 Game Informer® magazine are satisfied when periodic magazines are delivered in print form or made available in digital format.

The following table presents our performance obligations recognized in accrued liabilities and other current liabilities on our Condensed Consolidated Statements of Operations:


	July 30, 2022		July 31, 2021
Unredeemed customer liabilities	$	199.7	$	209.0
Extended warranties	82.2		69.5
Magazine subscriptions	41.2		39.6
Total performance obligations	$	323.1	$	318.1

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 loyalty program members for products 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 Game Informer® magazine.

The following table presents a rollforward of our contract liabilities:


	July 30, 2022		July 31, 2021
Contract liability beginning balance	$	378.3	$	348.2
Increase to contract liabilities (1)	361.3		401.2
Decrease to contract liabilities (2)	(414.0)		(430.3)
Other adjustments (3)	(2.5)		(1.0)
Contract liability ending balance	$	323.1	$	318.1

__________________________________________________

(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 customer deposits and revenues recognized for Game Informer® and extended warranties. During the six months ended July 30, 2022 and July 31, 2021, there were $37.4 million and $34.9 million of gift cards redeemed that were outstanding as of January 29, 2022 and January 30, 2021, respectively.

(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.

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+ Details

Fair Value Measurements

6 Months Ended

Jul. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

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 in 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, Company-owned life insurance policies with a cash surrender value, and certain nonqualified deferred compensation liabilities.

We value our foreign currency contracts, 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, and 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:


	July 30, 2022		July 31, 2021		January 29, 2022
Assets
Foreign currency contracts(1)	$	1.7	$	2.2	$	3.8
Company-owned life insurance(2)	0.5		2.8		0.6
Total assets	$	2.2	$	5.0	$	4.4
Liabilities
Foreign currency contracts(3)	$	—	$	2.4	$	0.4
Nonqualified deferred compensation(3)	0.5		0.6		0.6
Total liabilities	$	0.5	$	3.0	$	1.0

_________________________________________________

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

(2) Recognized in other noncurrent assets on our Condensed Consolidated Balance Sheets.

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

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, operating lease right-of-use ("ROU") assets and other intangible assets, including digital assets, which are remeasured when the estimated fair value is below its carrying value. When we determine that impairment has occurred, the carrying value of the asset is reduced to its fair value. Fair value of digital assets held are based on Level 2 inputs, as described above, and impairment losses for digital assets cannot be recovered for any subsequent increase in fair value until the sale or disposal of the asset.

During the six months ended July 30, 2022, we recognized impairment charges of $33.7 million associated with digital assets in SG&A expenses in our Condensed Consolidated Statements of Operations. These charges were recognized in the United States segment.

During the six months ended July 30, 2022, we recognized impairment charges of $2.5 million associated with certain store-level intangible assets to reflect their fair values in our Condensed Consolidated Statements of Operations. These charges were recognized in our Europe segment. During the six months ended July 31, 2021, we recognized impairment charges of $0.6 million associated with store-level ROU assets to reflect their fair values in asset impairments in our Condensed Consolidated Statements of Operations. These charges were recognized in our United States segment.

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

As of July 30, 2022, our government-guaranteed low interest French term loans due October 2022 through October 2026 ("French Term Loans") had a carrying value of $41.0 million and a fair value of $36.4 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

Debt	6 Months Ended
Debt	Jul. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt As of July 30, 2022, July 31, 2021 and January 29, 2022, there was $41.0 million, $47.5 million and $44.6 million of outstanding debt. Total outstanding debt includes $8.9 million and $4.1 million of short-term debt as of July 30, 2022 and January 29, 2022, respectively, which represents the current portion of the French Term Loans. There was no short-term debt outstanding as of July 31, 2021. During 2020, our French subsidiary, Micromania SAS, entered into six separate unsecured term loans for a total of €40.0 million, or $41.0 million, as of July 30, 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. The interest rate is 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.

- 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

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+ Details

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Letter of Credit Facilities We maintain uncommitted letter of credit facilities with certain lenders that provide for the issuance of letters of credit and bank guarantees, at times supported by cash collateral. As of July 30, 2022, we had approximately $14.0 million of outstanding letters of credit and other bank guarantees under facilities outside of our $500 million revolving line of credit which matures in November 2026. During the six months ended July 30, 2022, there were no material changes to our commitments as disclosed in our 2021 Annual Report on Form 10-K except as discussed in Note 6, "Debt." 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 employee 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.

Earnings Per Share

6 Months Ended

Jul. 30, 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 anti-dilutive. A net loss from continuing operations causes all potentially dilutive securities to be anti-dilutive. 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 table presents a reconciliation of shares used in calculating basic and diluted net loss per common share:


	Three Months Ended		Six Months Ended
	July 30, 2022	July 31, 2021	July 30, 2022	July 31, 2021
Weighted-average common shares outstanding	304.2	290.4	304.0	277.2
Dilutive effect of restricted stock awards	—	—	—	—
Weighted-average diluted common shares	304.2	290.4	304.0	277.2

Anti-dilutive shares:
Restricted stock units	5.2	1.2	5.2	1.2
Restricted stock	0.3	2.4	0.3	2.4

As of July 30, 2022 and July 31, 2021 there were 5.5 million and 3.6 million, respectively, of unvested restricted stock and restricted stock units. As of July 30, 2022 and July 31, 2021 there were 309.5 million and 306.0 million, respectively, of shares of Class A common stock that are legally issued and outstanding or are unvested restricted share units that represent a right to one share of Class A Common Stock.

As of July 30, 2022, 71.3 million shares of our Class A common stock were directly registered with our transfer agent.

Segment Information

6 Months Ended

Jul. 30, 2022

Segment Reporting [Abstract]

Segment Information

We operate our business in four geographic segments: United States, Canada, Australia and Europe.

We identified segments based on a combination of geographic areas and management responsibility. Segment results for the United States include retail operations in 50 states; our ecommerce operations; and Game Informer® magazine. The United States segment also includes general and administrative expenses related to our corporate offices in the United States. Segment results for Canada include retail and ecommerce operations in Canada and segment results for Australia include retail and ecommerce operations in Australia and New Zealand. Segment results for Europe include retail and ecommerce operations in six countries. We measure segment profit using operating earnings, which is defined as income (loss) from operations before intercompany royalty fees, net interest expense and income taxes. Transactions between reportable segments consist primarily of royalties, management fees, intersegment loans and related interest. There were no material intersegment sales during the three and six months ended July 30, 2022 and July 31, 2021.


	United States		Canada		Australia		Europe		Consolidated
Three Months Ended July 30, 2022
Net sales	$	793.4	$	62.3	$	113.9	$	166.4	$	1,136.0
Operating (loss) earnings	(87.9)		(2.3)		0.7		(18.3)		(107.8)
Three Months Ended July 31, 2021
Net sales	$	795.1	$	62.8	$	131.1	$	194.4	$	1,183.4
Operating (loss) earnings	(50.2)		(0.8)		3.6		(10.6)		(58.0)


	United States		Canada		Australia		Europe		Consolidated
Six Months Ended July 30, 2022
Net sales	$	1,788.8	$	139.2	$	240.5	$	345.9	$	2,514.4
Operating (loss) earnings	(232.1)		(3.4)		2.3		(28.3)		(261.5)
Six Months Ended July 31, 2021
Net sales	$	1,761.4	$	124.7	$	246.0	$	328.1	$	2,460.2
Operating (loss) earnings	(53.8)		(3.7)		3.2		(44.5)		(98.8)

- 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.

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+ Details

Income Taxes	6 Months Ended
Income Taxes	Jul. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Coronavirus Aid, Relief, and Economic Securities Act (the "CARES Act"), which was enacted on March 27, 2020 in the United States, included measures to assist companies, including temporary changes to income and non-income-based tax laws. As of July 30, 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 Condensed Consolidated Balance Sheets. Our interim tax provision was determined using an estimated annual effective tax rate and adjusted for discrete taxable events and/or adjustments that have occurred during the second quarter and six months ended June 30, 2022. We recognized an income tax expense of $1.2 million, or (1.1)%, for the three months ended July 30, 2022 compared to an income tax expense of $3.1 million, or (5.3)%, for the three months ended July 31, 2021. Our effective income tax rate for both periods is primarily due to not recognizing tax benefits on certain current period losses as well as forecasted income taxes due in certain foreign and state jurisdictions in which we operate. We recognized an income tax expense of $4.7 million, or (1.8)%, for the six months ended July 30, 2022 compared to an income tax expense of $4.4 million, or (3.5)%, for the six months ended July 31, 2021. Our effective income tax rate for both periods is primarily due to not recognizing tax benefits on certain current period losses as well as forecasted income taxes due in certain foreign and state jurisdictions in which we operate.

- 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.

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+ Details

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The condensed consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements included herein reflect all adjustments (consisting only of normal, recurring adjustments) which are, in our opinion, necessary for a fair presentation of the information for the periods presented. These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they exclude certain disclosures required under GAAP for complete consolidated financial statements.
Fiscal Period	The accompanying condensed consolidated financial statements and notes are unaudited. The consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the 52 weeks ended January 29, 2022, as filed with the Securities and Exchange Commission ("SEC") on March 17, 2022 (the “2021 Annual Report on Form 10-K”). Due to the seasonal nature of our business, our results of operations for the six months ended July 30, 2022 are not indicative of our future results for the 52 weeks ending January 28, 2023. Our fiscal year is composed of the 52 or 53 weeks ending on the Saturday closest to the last day of January. Each of our fiscal years ending January 28, 2023 and January 29, 2022 consist of 52 weeks. All three and six month periods presented herein contain 13 and 26 weeks, respectively. All references to years, quarters and months relate to fiscal periods rather than calendar periods. Our business, like that of many retailers, is seasonal, with the major portion of the net sales realized during the fourth quarter, which includes the holiday selling season.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying footnotes. We regularly evaluate the estimates related to our assets and liabilities, contingent assets and liabilities, and the reported amounts of revenues and expenses. In preparing these condensed consolidated financial statements, we have made our best estimates and judgments of certain amounts recognized in the condensed consolidated financial statements, giving due consideration to materiality. Changes in the estimates and assumptions that we have used could have a significant impact on our financial results. Actual results could differ from those estimates.
Digital Assets	Digital AssetsWe account for digital assets in accordance with ASC 350, Intangibles-Goodwill and Other (Topic 350). Our digital assets are indefinite-lived intangible assets which 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 selling, general and administrative ("SG&A") expenses in our Condensed Consolidated Statement of Operations. Impairment losses cannot be recovered for any subsequent increase in fair value until the sale or disposal of the asset. Gains 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 Condensed Consolidated Statement of Operations.
Recently Adopted Accounting Standards	New Accounting Pronouncements Recently Adopted Accounting Standards In March 2022, the SEC staff released Staff Accounting Bulletin No. 121 ("SAB 121"), which requires entities that hold crypto assets on behalf of platform users to recognize a liability to reflect the entity’s obligation to safeguard the crypto assets held for its platform users, whether directly or through an agent or another third party acting on its behalf, along with a corresponding safeguarding asset. Both the liability and corresponding safeguarding asset shall be measured at fair value. SAB 121 also requires disclosure of the nature and amount of crypto assets being safeguarded, how the fair value is determined, an entity's accounting policy for safeguarding liabilities and corresponding safeguarding assets, and may require disclosure of other information about risks and uncertainties arising from the entity's safeguarding activities. For crypto assets that are not maintained on our platform and for which the Company does not maintain a private key or the ability to recover a customer’s private key, these balances are not recorded, as there is no related safeguarding obligation in accordance with SAB 121. This guidance is effective from the first interim period after June 15, 2022 and should be applied retrospectively. We adopted SAB 121 during the three months ended July 30, 2022, with no impact on our condensed consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 30, 2022

Accounting Policies [Abstract]

Reconciliation of Cash and Cash Equivalents


	July 30, 2022		July 31, 2021		January 29, 2022
Cash and cash equivalents	$	908.9	$	1,720.4	$	1,271.4
Restricted cash(1)	33.1		36.7		33.1
Long-term restricted cash(2)	15.0		18.5		15.4
Total cash, cash equivalents and restricted cash	$	957.0	$	1,775.6	$	1,319.9

_________________________________________________

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

(2) Recognized in other noncurrent assets on our Condensed Consolidated Balance Sheets.

Reconciliation of Restricted Cash


	July 30, 2022		July 31, 2021		January 29, 2022
Cash and cash equivalents	$	908.9	$	1,720.4	$	1,271.4
Restricted cash(1)	33.1		36.7		33.1
Long-term restricted cash(2)	15.0		18.5		15.4
Total cash, cash equivalents and restricted cash	$	957.0	$	1,775.6	$	1,319.9

_________________________________________________

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

(2) Recognized in other noncurrent assets on our Condensed Consolidated Balance Sheets.

Revenue (Tables)

6 Months Ended

Jul. 30, 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:


	Three Months Ended				Six Months Ended
	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Hardware and accessories (1)	$	596.4	$	609.6	$	1,270.1	$	1,313.1
Software (2)	316.4		396.6		800.1		794.5
Collectibles	223.2		177.2		444.2		352.6
Total net sales	$	1,136.0	$	1,183.4	$	2,514.4	$	2,460.2

__________________________________________________

(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 recognized in accrued liabilities and other current liabilities on our Condensed Consolidated Statements of Operations:


	July 30, 2022		July 31, 2021
Unredeemed customer liabilities	$	199.7	$	209.0
Extended warranties	82.2		69.5
Magazine subscriptions	41.2		39.6
Total performance obligations	$	323.1	$	318.1

Contract with Customer, Asset and Liability

The following table presents a rollforward of our contract liabilities:


	July 30, 2022		July 31, 2021
Contract liability beginning balance	$	378.3	$	348.2
Increase to contract liabilities (1)	361.3		401.2
Decrease to contract liabilities (2)	(414.0)		(430.3)
Other adjustments (3)	(2.5)		(1.0)
Contract liability ending balance	$	323.1	$	318.1

__________________________________________________

(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.

Fair Value Measurements (Tables)

6 Months Ended

Jul. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis

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


	July 30, 2022		July 31, 2021		January 29, 2022
Assets
Foreign currency contracts(1)	$	1.7	$	2.2	$	3.8
Company-owned life insurance(2)	0.5		2.8		0.6
Total assets	$	2.2	$	5.0	$	4.4
Liabilities
Foreign currency contracts(3)	$	—	$	2.4	$	0.4
Nonqualified deferred compensation(3)	0.5		0.6		0.6
Total liabilities	$	0.5	$	3.0	$	1.0

_________________________________________________

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

(2) Recognized in other noncurrent assets on our Condensed Consolidated Balance Sheets.

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

Earnings Per Share (Tables)

6 Months Ended

Jul. 30, 2022

Earnings Per Share [Abstract]

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

The following table presents a reconciliation of shares used in calculating basic and diluted net loss per common share:


	Three Months Ended		Six Months Ended
	July 30, 2022	July 31, 2021	July 30, 2022	July 31, 2021
Weighted-average common shares outstanding	304.2	290.4	304.0	277.2
Dilutive effect of restricted stock awards	—	—	—	—
Weighted-average diluted common shares	304.2	290.4	304.0	277.2

Anti-dilutive shares:
Restricted stock units	5.2	1.2	5.2	1.2
Restricted stock	0.3	2.4	0.3	2.4

Segment Information (Tables)

6 Months Ended

Jul. 30, 2022

Segment Reporting [Abstract]

Information on Segments and Reconciliation to Earnings Before Income Taxes


	United States		Canada		Australia		Europe		Consolidated
Three Months Ended July 30, 2022
Net sales	$	793.4	$	62.3	$	113.9	$	166.4	$	1,136.0
Operating (loss) earnings	(87.9)		(2.3)		0.7		(18.3)		(107.8)
Three Months Ended July 31, 2021
Net sales	$	795.1	$	62.8	$	131.1	$	194.4	$	1,183.4
Operating (loss) earnings	(50.2)		(0.8)		3.6		(10.6)		(58.0)


	United States		Canada		Australia		Europe		Consolidated
Six Months Ended July 30, 2022
Net sales	$	1,788.8	$	139.2	$	240.5	$	345.9	$	2,514.4
Operating (loss) earnings	(232.1)		(3.4)		2.3		(28.3)		(261.5)
Six Months Ended July 31, 2021
Net sales	$	1,761.4	$	124.7	$	246.0	$	328.1	$	2,460.2
Operating (loss) earnings	(53.8)		(3.7)		3.2		(44.5)		(98.8)

General Information (Details)		6 Months Ended
General Information (Details)	Jul. 06, 2022 $ / shares	Jul. 30, 2022 segment $ / shares	Jan. 29, 2022 $ / shares	Jul. 31, 2021 $ / shares
Accounting Policies [Abstract]
Number of reportable segments \| segment		4
Stock split, conversion ratio	4
Class A common stock, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001	$ 0.001	$ 0.001

Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021	Jan. 30, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 908.9	$ 1,271.4	$ 1,720.4
Restricted cash	33.1	33.1	36.7
Long-term restricted cash	15.0	15.4	18.5
Total cash, cash equivalents and restricted cash	$ 957.0	$ 1,319.9	$ 1,775.6	$ 635.0

Summary of Significant Accounting Policies - Digital Assets (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 30, 2022	Jul. 30, 2022	Jul. 31, 2021	Feb. 28, 2022	Jan. 29, 2022	Jan. 30, 2021
Indefinite-lived Intangible Assets [Line Items]
Contract liability beginning balance	$ 323.1	$ 323.1	$ 318.1		$ 378.3	$ 348.2
Gain on sale		6.9	$ 0.0
Digital Assets
Indefinite-lived Intangible Assets [Line Items]
Noncurrent receivable				$ 31.7	79.0
Contract liability beginning balance				$ 31.7	$ 79.0
Deferred income recognized	$ 13.9	$ 27.8

Summary of Significant Accounting Policies - At-the-Market Equity Offering (Details) - Common Stock - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2021	May 01, 2021	Jul. 31, 2021
Subsidiary or Equity Method Investee [Line Items]
Number of shares sold (in shares)	20,000,000.0	14,000,000.0	34,000,000
Gross proceeds from sale of common stock			$ 1,683.0
Fees paid to sales agent			$ 10.1

Revenue - Sales and Percentage of Total Net Sales by Significant Product Category (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Disaggregation of Revenue [Line Items]
Total net sales	$ 1,136.0	$ 1,183.4	$ 2,514.4	$ 2,460.2
Hardware and accessories
Disaggregation of Revenue [Line Items]
Total net sales	596.4	609.6	1,270.1	1,313.1
Software
Disaggregation of Revenue [Line Items]
Total net sales	316.4	396.6	800.1	794.5
Collectibles
Disaggregation of Revenue [Line Items]
Total net sales	$ 223.2	$ 177.2	$ 444.2	$ 352.6

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue - Narrative (Details)	6 Months Ended
Revenue - Narrative (Details)	Jul. 30, 2022
Minimum
Disaggregation of Revenue [Line Items]
Extended warranty term	12 months
Maximum
Disaggregation of Revenue [Line Items]
Extended warranty term	24 months

Revenue - Performance Obligations (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jul. 31, 2021
Disaggregation of Revenue [Line Items]
Total performance obligations	$ 323.1	$ 318.1
Unredeemed customer liabilities
Disaggregation of Revenue [Line Items]
Total performance obligations	199.7	209.0
Extended warranties
Disaggregation of Revenue [Line Items]
Total performance obligations	82.2	69.5
Magazine subscriptions
Disaggregation of Revenue [Line Items]
Total performance obligations	$ 41.2	$ 39.6

Revenue - Change In Contract Liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Contract With Customer, Contract Liabilities [Roll Forward]
Contract liability beginning balance	$ 378.3	$ 348.2
Increase to contract liabilities	361.3	401.2
Decrease to contract liabilities	(414.0)	(430.3)
Other adjustments	(2.5)	(1.0)
Contract liability ending balance	323.1	318.1
Gift Card Trade In Credits
Contract With Customer, Contract Liabilities [Roll Forward]
Revenue recognized	$ 37.4	$ 34.9

Fair Value Measurements - Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value - Fair Value, Recurring - USD ($) $ in Millions	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Assets
Foreign currency contracts	$ 1.7	$ 3.8	$ 2.2
Company-owned life insurance	0.5	0.6	2.8
Total assets	2.2	4.4	5.0
Liabilities
Foreign currency contracts	0.0	0.4	2.4
Nonqualified deferred compensation	0.5	0.6	0.6
Total liabilities	$ 0.5	$ 1.0	$ 3.0

Fair Value Measurements - Narrative (Details) € in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Jul. 31, 2021 USD ($)	Jul. 30, 2022 USD ($)	Jul. 31, 2021 USD ($)	Feb. 01, 2020 EUR (€)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Digital asset impairments		$ 33.7	$ 0.0
Asset impairments	$ 0.0	2.5	$ 0.6
Unsecured Debt \| French Term Loans and Credit Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issued		41.0		€ 40.0
Unsecured Debt \| French term loans due in 2026 \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt		$ 36.4

Debt (Details) € in Millions, $ in Millions	3 Months Ended
Debt (Details) € in Millions, $ in Millions	Jul. 31, 2021 USD ($) loan	Jul. 30, 2022 USD ($)	Jan. 29, 2022 USD ($)	Jul. 31, 2021 EUR (€) loan	Feb. 01, 2020 EUR (€) loan
Debt Disclosure [Line Items]
Net carrying value \| $	$ 47.5	$ 41.0	$ 44.6
Current debt \| $	$ 0.0	(8.9)	$ (4.1)
French Term Loans and Credit Facility \| Unsecured Debt
Debt Disclosure [Line Items]
Number of separate unsecured term loans \| loan					6
Debt issued		$ 41.0			€ 40.0
Debt instrument, extension term	5 years
Percent guaranteed by French government	90.00%
French term loans due July 2021 \| Unsecured Debt
Debt Disclosure [Line Items]
Number of separate unsecured term loans \| loan	3			3
Debt issued \| €				€ 20.0
French term loans due July 2021 \| Unsecured Debt \| Maximum
Debt Disclosure [Line Items]
Interest rate	0.70%			0.70%
French term loans due October 2021 \| Unsecured Debt
Debt Disclosure [Line Items]
Debt issued \| €				€ 20.0
Interest rate	1.00%			1.00%

Commitments and Contingencies (Details) $ in Millions	Jul. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Outstanding letters of credit and bank guarantees	$ 14.0
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing capacity	$ 500.0

Earnings Per Share - Reconciliation of Common Shares Used in Calculating Basic and Diluted Net Income (Loss) Per Common Share (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average common shares outstanding (in shares)	304.2	290.4	304.0	277.2
Dilutive effect of restricted stock awards (in shares)	0.0	0.0	0.0	0.0
Weighted-average diluted common shares (in shares)	304.2	290.4	304.0	277.2
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive restricted stock units, restricted stock and stock options (in shares)	5.2	1.2	5.2	1.2
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive restricted stock units, restricted stock and stock options (in shares)	0.3	2.4	0.3	2.4

Earnings Per Share - Narrative (Details) - Common Class A - shares shares in Millions	Jul. 30, 2022	Jul. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Unvested restricted stock and restricted stock units (in shares)	5.5	3.6
Common stock and unvested shares of restricted stock (in shares)	309.5	306.0
ComputerShare
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock and unvested shares of restricted stock (in shares)	71.3

Segment Information - Narrative (Details)	6 Months Ended
Segment Information - Narrative (Details)	Jul. 30, 2022 segment location country
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	4
United States
Segment Reporting Information [Line Items]
Number of states the entity operates \| location	50
Europe \| Retail and e-commerce
Segment Reporting Information [Line Items]
Number of countries in which the entity operates, during the period \| country	6

Segment Information - Sales by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 1,136.0	$ 1,183.4	$ 2,514.4	$ 2,460.2
Operating (loss) earnings	(107.8)	(58.0)	(261.5)	(98.8)
United States
Segment Reporting Information [Line Items]
Net sales	793.4	795.1	1,788.8	1,761.4
Operating (loss) earnings	(87.9)	(50.2)	(232.1)	(53.8)
Canada
Segment Reporting Information [Line Items]
Net sales	62.3	62.8	139.2	124.7
Operating (loss) earnings	(2.3)	(0.8)	(3.4)	(3.7)
Australia
Segment Reporting Information [Line Items]
Net sales	113.9	131.1	240.5	246.0
Operating (loss) earnings	0.7	3.6	2.3	3.2
Europe
Segment Reporting Information [Line Items]
Net sales	166.4	194.4	345.9	328.1
Operating (loss) earnings	$ (18.3)	$ (10.6)	$ (28.3)	$ (44.5)

- Definition

+ References

+ Details

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income taxes receivable	$ 168.6		$ 168.6
Income tax expense	$ 1.2	$ 3.1	$ 4.7	$ 4.4
Effective tax rate	(1.10%)	(5.30%)	(1.80%)	(3.50%)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details