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Restructuring Plans (Tables)

6 Months Ended

Aug. 03, 2019

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The composition of the restructuring charges the Company incurred during the 13 and 26 weeks ended August 3, 2019, as well as the cumulative amount incurred through August 3, 2019, were as follows:

		13 weeks ended				26 weeks ended				Cumulative amount
(in millions)		August 3, 2019				August 3, 2019				August 3, 2019
Inventory charges		4.4				$	4.4			$	66.6
Termination benefits		6.0				14.8				24.5
Store closure and other costs		17.4				35.4				89.4
Total Signet Path to Brilliance Plan expenses		$	27.8			$	54.6			$	180.5

Restructuring charges and other Plan related costs are classified in the condensed consolidated statements of operations as follows:

			13 weeks ended								26 weeks ended
(in millions)	Statement of operations caption		August 3, 2019				August 4, 2018				August 3, 2019				August 4, 2018
Inventory charges	Restructuring charges - cost of sales		$	4.4			$	63.2			$	4.4			$	63.2
Other Plan related expenses	Restructuring charges		23.4				19.6				50.2				$	26.1
Total Signet Path to Brilliance Plan expenses			$	27.8			$	82.8			$	54.6			$	89.3

Schedule of Plan Liabilities

The following table summarizes the activity related to the Plan liabilities for Fiscal 2020:

(in millions)		Termination benefits				Store closure and other costs				Consolidated
Balance at February 2, 2019		$	—			$	12.6			$	12.6
Payments and other adjustments		(9.7		)		(43.7		)		(53.4		)
Charged to expense		14.8				39.8				54.6
Balance at August 3, 2019		$	5.1			$	8.7			$	13.8

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- References

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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