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Shareholders' equity | 3 Months Ended
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May 04, 2019
Equity [Abstract] |
Shareholders' equity | Shareholders’ equity Share repurchases Common shares repurchased during the 13 weeks ended May 4, 2019 and May 5, 2018 were as follows:
|  |  | 13 weeks ended May 4, 2019 |  | 13 weeks ended May 5, 2018
(in millions, except per share amounts) | Amount authorized |  | Shares repurchased |  | Amount repurchased |  | Average repurchase price per share |  | Shares repurchased |  | Amount repurchased |  | Average repurchase price per share
2017 Program(1) | $ | 600.0 |  |  | — |  |  | $ | — |  |  | $ | — |  |  | 0.2 |  |  | $ | 9.4 |  |  | $ | 38.86 |
2016 Program(2) | $ | 1,375.0 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | 1.3 |  |  | $ | 50.6 |  |  | $ | 39.76 |
Total |  |  | — |  |  | $ | — |  |  | $ | — |  |  | 1.5 |  |  | $ | 60.0 |  |  | $ | 39.62 |
(1) | The 2017 Program had $165.6 million remaining as of May 4, 2019.
(2) | The 2016 Program was completed in March 2018.
n/a | Not applicable.
Dividends on common shares Dividends declared on common shares during the 13 weeks ended May 4, 2019 and May 5, 2018 were as follows:
| Fiscal 2020 |  | Fiscal 2019
(in millions, except per share amounts) | Cash dividend per share |  | Total dividends |  | Cash dividend per share |  | Total dividends
First quarter(1) | $ | 0.37 |  |  | $ | 19.3 |  |  | $ | 0.37 |  |  | $ | 21.8 |
(1) | Signet’s dividend policy for common shares results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of May 4, 2019 and May 5, 2018, $19.3 million and $21.8 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on common shares declared for the first quarter of Fiscal 2020 and Fiscal 2019, respectively.
Dividends on preferred shares Dividends declared on preferred shares during the 13 weeks ended May 4, 2019 and May 5, 2018 were as follows:
| Fiscal 2020 |  | Fiscal 2019
(in millions) | Cash dividend per share |  | Total cash dividends |  | Cash dividend per share |  | Total cash dividends
First quarter(1) | $ | 12.50 |  |  | $ | 7.8 |  |  | $ | 12.50 |  |  | $ | 7.8 |
(1) | Signet’s preferred shares dividends results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of May 4, 2019 and May 5, 2018, $7.8 million and $7.8 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on preferred shares declared for the first quarter of Fiscal 2020 and Fiscal 2019, respectively.
There were no cumulative undeclared dividends on the preferred shares that reduced net income (loss) attributable to common shareholders during the 13 weeks ended May 4, 2019 or May 5, 2018. In addition, deemed dividends of $0.4 million related to accretion of issuance costs associated with the preferred shares was recognized during the 13 weeks ended May 4, 2019 ($0.4 million for the 13 weeks ended May 5, 2018). See Note 6 for additional discussion of the Company’s preferred shares.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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