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Segment Information | 12 Months Ended
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Feb. 03, 2018
Segment Reporting [Abstract] |
Segment information | Segment information Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker utilizes sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. Signet’s sales are derived from the retailing of jewelry, watches, other products and services as generated through the management of its five reportable segments: the Sterling Jewelers division, the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments, the UK Jewelry division and Other. The Sterling Jewelers division operates in all 50 US states. Its stores operate nationally in malls and off-mall locations principally as Kay (Kay Jewelers and Kay Jewelers Outlet) and Jared (Jared The Galleria Of Jewelry and Jared Vault). The division also operates a variety of mall-based regional brands and the JamesAllen.com website, which was acquired in the R2Net acquisition. The results for the Sterling Jewelers division include R2Net results for the period since September 12, 2017, the date of acquisition. See Note 4 for additional information. The Zale division operates jewelry stores (Zale Jewelry) and kiosks (Piercing Pagoda), located primarily in shopping malls throughout the US and Canada. Zale Jewelry includes the US store brand Zales (Zales Jewelers and Zales Outlet), which operates in all 50 US states, and the Canadian store brand Peoples Jewellers, which operates in nine provinces. The division also operates regional brands Gordon’s Jewelers and Mappins. Piercing Pagoda operates through mall-based kiosks. The UK Jewelry division operates stores in the UK, Republic of Ireland and Channel Islands. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally as H.Samuel and Ernest Jones. The Other reportable segment consists of all non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones, that are below the quantifiable threshold for separate disclosure as a reportable segment and unallocated corporate administrative functions. During the first quarter of Fiscal 2019, the Company realigned its organizational structure. The new structure will allow for further integration of operational and product development processes and support growth strategies. In accordance with this organizational change, beginning with quarterly reporting for the 13 weeks ended May 5, 2018, the Company will report three reportable segments as follows: North America, International, and Other.
(in millions) | Fiscal 2018 |  | Fiscal 2017 |  | Fiscal 2016
Sales: |  |  |  |  |
Sterling Jewelers | $ | 3,820.5 |  |  | $ | 3,930.4 |  |  | $ | 3,988.7 |
Zale Jewelry(1) | 1,516.2 |  |  | 1,549.7 |  |  | 1,568.2 |
Piercing Pagoda | 278.5 |  |  | 263.1 |  |  | 243.2 |
UK Jewelry | 616.7 |  |  | 647.1 |  |  | 737.6 |
Other | 21.1 |  |  | 18.1 |  |  | 12.5 |
Total sales | $ | 6,253.0 |  |  | $ | 6,408.4 |  |  | $ | 6,550.2 |
Operating income (loss): |  |  |  |  |
Sterling Jewelers(2) | $ | 576.0 |  |  | $ | 715.8 |  |  | $ | 718.6 |
Zale Jewelry | 66.7 |  |  | 62.2 |  |  | 44.3 |
Piercing Pagoda | 13.4 |  |  | 11.2 |  |  | 7.8 |
UK Jewelry | 33.1 |  |  | 45.6 |  |  | 61.5 |
Other(3) | (109.3 | ) |  | (71.6 | ) |  | (128.5 | )
Total operating income | $ | 579.9 |  |  | $ | 763.2 |  |  | $ | 703.7 |
Depreciation and amortization: |  |  |  |  |
Sterling Jewelers | $ | 121.8 |  |  | $ | 112.7 |  |  | $ | 106.2 |
Zale Jewelry | 55.3 |  |  | 49.1 |  |  | 44.8 |
Piercing Pagoda | 6.4 |  |  | 4.6 |  |  | 3.3 |
UK Jewelry | 19.1 |  |  | 21.6 |  |  | 20.1 |
Other | 0.8 |  |  | 0.8 |  |  | 0.9 |
Total depreciation and amortization | $ | 203.4 |  |  | $ | 188.8 |  |  | $ | 175.3 |
Capital additions: |  |  |  |  |
Sterling Jewelers | $ | 134.8 |  |  | $ | 154.5 |  |  | $ | 141.6 |
Zale Jewelry | 76.3 |  |  | 85.0 |  |  | 47.7 |
Piercing Pagoda | 8.6 |  |  | 12.7 |  |  | 10.2 |
UK Jewelry | 17.6 |  |  | 25.7 |  |  | 26.4 |
Other | 0.1 |  |  | 0.1 |  |  | 0.6 |
Total capital additions | $ | 237.4 |  |  | $ | 278.0 |  |  | $ | 226.5 |
(1) | Includes sales of $235.1 million, $234.6 million and $248.7 million generated by Canadian operations in Fiscal 2018, Fiscal 2017 and Fiscal 2016, respectively.
(2) | For Fiscal 2018, amount includes $20.7 million gain related to the reversal of the allowance for credit losses for the in-house receivables sold, as well as the $10.2 million gain upon recognition of beneficial interest in connection with the sale of the prime portion of in-house receivables. See Note 3 for additional information.
(3) | For Fiscal 2018, Other includes $29.6 million of transaction costs related to the credit transaction, $8.6 million of R2Net acquisition costs, and $3.4 million of CEO transition costs. See Note 3 and Note 4 for additional information regarding credit transaction and acquisition of R2Net, respectively. For Fiscal 2017, Other includes $28.4 million of integration costs for consulting expenses associated with IT implementations, severance related to organizational changes and expenses associated with the settlement of miscellaneous legal matters pending as of the date of the Zale acquisition. For Fiscal 2016, Other includes $78.9 million of transaction and integration costs primarily attributable to the impact of the appraisal rights legal settlement discussed in Note 26 and expenses associated with legal, tax, accounting, IT implementations and consulting services, as well as severance costs.
(in millions) | February 3, 2018 |  | January 28, 2017
Total assets: |  |  |
Sterling Jewelers | $ | 3,279.4 |  |  | $ | 4,015.4 |
Zale Jewelry | 1,879.4 |  |  | 1,940.7 |
Piercing Pagoda | 150.2 |  |  | 141.6 |
UK Jewelry | 420.3 |  |  | 372.6 |
Other | 110.3 |  |  | 127.5 |
Total assets | $ | 5,839.6 |  |  | $ | 6,597.8 |
Total long-lived assets: |  |  |
Sterling Jewelers | $ | 956.3 |  |  | $ | 567.3 |
Zale Jewelry | 1,075.6 |  |  | 1,050.1 |
Piercing Pagoda | 63.6 |  |  | 61.4 |
UK Jewelry | 78.3 |  |  | 70.7 |
Other | 7.3 |  |  | 8.0 |
Total long-lived assets | $ | 2,181.1 |  |  | $ | 1,757.5 |
Total liabilities: |  |  |
Sterling Jewelers | $ | 1,482.4 |  |  | $ | 2,061.4 |
Zale Jewelry | 439.9 |  |  | 524.3 |
Piercing Pagoda | 28.8 |  |  | 28.2 |
UK Jewelry | 98.9 |  |  | 110.6 |
Other | 676.2 |  |  | 771.2 |
Total liabilities | $ | 2,726.2 |  |  | $ | 3,495.7 |
(in millions) | Fiscal 2018 |  | Fiscal 2017 |  | Fiscal 2016
Sales by product: |  |  |  |  |
Diamonds and diamond jewelry | $ | 3,742.8 |  |  | $ | 3,853.7 |  |  | $ | 3,918.1 |
Gold, silver jewelry, other products and services | 2,067.2 |  |  | 2,090.0 |  |  | 2,116.4 |
Watches | 443.0 |  |  | 464.7 |  |  | 515.7 |
Total sales | $ | 6,253.0 |  |  | $ | 6,408.4 |  |  | $ | 6,550.2 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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