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Revenue recognition (Tables)

9 Months Ended

Nov. 02, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide the Company’s revenue, disaggregated by banner, major product and channel, for the 13 and 39 weeks ended November 2, 2019 and November 3, 2018:

	13 weeks ended November 2, 2019																13 weeks ended November 3, 2018
(in millions)	North America				International				Other				Consolidated				North America				International				Other				Consolidated
Sales by banner:
Kay	$	466.7			$	—			$	—			$	466.7			$	451.2			$	—			$	—			$	451.2
Zales	220.3				—				—				220.3				222.7				—				—				222.7
Jared	211.3				—				—				211.3				220.5				—				—				220.5
Piercing Pagoda	68.3				—				—				68.3				61.4				—				—				61.4
James Allen	60.8				—				—				60.8				52.5				—				—				52.5
Peoples	37.1				—				—				37.1				39.8				—				—				39.8
Regional banners	6.2				—				—				6.2				16.2				—				—				16.2
International segment	—				106.4				—				106.4				—				121.3				—				121.3
Other(1)	—				—				10.6				10.6				—				—				6.1				6.1
Total sales	$	1,070.7			$	106.4			$	10.6			$	1,187.7			$	1,064.3			$	121.3			$	6.1			$	1,191.7
	39 weeks ended November 2, 2019																39 weeks ended November 3, 2018
(in millions)	North America				International				Other				Consolidated				North America				International				Other				Consolidated
Sales by banner:
Kay	$	1,570.4			$	—			$	—			$	1,570.4			$	1,580.4			$	—			$	—			$	1,580.4
Zales	781.2				—				—				781.2				799.3				—				—				799.3
Jared	720.9				—				—				720.9				759.2				—				—				759.2
Piercing Pagoda	225.1				—				—				225.1				203.4				—				—				203.4
James Allen	166.4				—				—				166.4				160.2				—				—				160.2
Peoples	124.3				—				—				124.3				134.2				—				—				134.2
Regional banners	23.7				—				—				23.7				62.1				—				—				62.1
International segment	—				331.8				—				331.8				—				381.5				—				381.5
Other(1)	—				—				40.0				40.0				—				—				12.1				12.1
Total sales	$	3,612.0			$	331.8			$	40.0			$	3,983.8			$	3,698.8			$	381.5			$	12.1			$	4,092.4

⁽¹⁾   Includes sales from Signet’s diamond sourcing initiative.

	13 weeks ended November 2, 2019																13 weeks ended November 3, 2018
(in millions)	North America				International				Other				Consolidated				North America				International				Other				Consolidated
Sales by product:
Bridal	$	499.3			$	43.9			$	—			$	543.2			$	514.6			$	51.9			$	—			$	566.5
Fashion	342.4				21.3				—				363.7				332.5				23.6				—				356.1
Watches	41.2				35.5				—				76.7				45.7				41.2				—				86.9
Other(1)	187.8				5.7				10.6				204.1				171.5				4.6				6.1				182.2
Total sales	$	1,070.7			$	106.4			$	10.6			$	1,187.7			$	1,064.3			$	121.3			$	6.1			$	1,191.7
	39 weeks ended November 2, 2019																39 weeks ended November 3, 2018
(in millions)	North America				International				Other				Consolidated				North America				International				Other				Consolidated
Sales by product:
Bridal	$	1,654.3			$	139.8			$	—			$	1,794.1			$	1,730.2			$	159.3			$	—			$	1,889.5
Fashion	1,245.2				64.9				—				1,310.1				1,223.4				76.7				—				1,300.1
Watches	142.4				108.8				—				251.2				156.7				127.1				—				283.8
Other(1)	570.1				18.3				40.0				628.4				588.5				18.4				12.1				619.0
Total sales	$	3,612.0			$	331.8			$	40.0			$	3,983.8			$	3,698.8			$	381.5			$	12.1			$	4,092.4

⁽¹⁾   Other revenue primarily includes gift, beads and other miscellaneous jewelry sales, repairs, warranty and other miscellaneous non-jewelry sales.

	13 weeks ended November 2, 2019																13 weeks ended November 3, 2018
(in millions)	North America				International				Other				Consolidated				North America				International				Other				Consolidated
Sales by channel:
Store	$	943.9			$	93.9			$	—			$	1,037.8			$	952.1			$	108.5			$	—			$	1,060.6
E-commerce	126.8				12.5				—				139.3				112.2				12.8				—				125.0
Other	—				—				10.6				10.6				—				—				6.1				6.1
Total sales	$	1,070.7			$	106.4			$	10.6			$	1,187.7			$	1,064.3			$	121.3			$	6.1			$	1,191.7
	39 weeks ended November 2, 2019																39 weeks ended November 3, 2018
(in millions)	North America				International				Other				Consolidated				North America				International				Other				Consolidated
Sales by channel:
Store	$	3,198.4			$	294.9			$	—			$	3,493.3			$	3,316.0			$	342.5			$	—			$	3,658.5
E-commerce	413.6				36.9				—				450.5				382.8				39.0				—				421.8
Other	—				—				40.0				40.0				—				—				12.1				12.1
Total sales	$	3,612.0			$	331.8			$	40.0			$	3,983.8			$	3,698.8			$	381.5			$	12.1			$	4,092.4

Other Assets

Unamortized deferred selling costs as of November 2, 2019, February 2, 2019 and November 3, 2018 were as follows:

(in millions)	November 2, 2019				February 2, 2019				November 3, 2018
Deferred ESP selling costs
Other current assets	$	23.5			$	23.8			$	30.0
Other assets	76.1				75.4				87.1
Total deferred ESP selling costs	$	99.6			$	99.2			$	117.1

Deferred Revenue

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

(in millions)	November 2, 2019				February 2, 2019				November 3, 2018
ESP deferred revenue	$	919.5			$	927.6			$	892.8
Voucher promotions and other	41.0				38.9				32.0
Total deferred revenue	$	960.5			$	966.5			$	924.8
Disclosed as:
Current liabilities	$	267.3			$	270.0			$	253.1
Non-current liabilities	693.2				696.5				671.7
Total deferred revenue	$	960.5			$	966.5			$	924.8

	13 weeks ended								39 weeks ended
(in millions)	November 2, 2019				November 3, 2018				November 2, 2019				November 3, 2018
ESP deferred revenue, beginning of period	$	930.2			$	906.6			$	927.6			$	916.1
Plans sold(1)	78.0				72.3				264.5				259.2
Revenue recognized	(88.7		)		(86.1		)		(272.6		)		(282.5		)
ESP deferred revenue, end of period	$	919.5			$	892.8			$	919.5			$	892.8

⁽¹⁾ 

Includes impact of foreign exchange translation.

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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Tabular disclosure of noncurrent assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
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