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Restructuring Plans (Tables) | 6 Months Ended
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Aug. 01, 2020
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | 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 1, 2020 |  | August 3, 2019 |  | August 1, 2020 |  | August 3, 2019
Inventory charges | Restructuring charges - cost of sales |  | $ | (0.2) |  |  | $ | 4.4 |  |  | $ | (0.6) |  |  | $ | 4.4 |
Other Plan related expenses | Restructuring charges |  | 28.9 |  |  | 23.4 |  |  | 41.6 |  |  | 50.2 |
Total Signet Path to Brilliance Plan expenses |  |  | $ | 28.7 |  |  | $ | 27.8 |  |  | $ | 41.0 |  |  | $ | 54.6 |
The composition of the restructuring charges the Company incurred during the 13 and 26 weeks ended August 1, 2020, as well as the cumulative amount incurred under the Plan through August 1, 2020, were as follows:
|  | 13 weeks ended |  | 26 weeks ended |  | Cumulative amount
(in millions) |  | August 1, 2020 |  | August 1, 2020 |  | August 1, 2020
Inventory charges |  | $ | (0.2) |  |  | $ | (0.6) |  |  | $ | 70.8 |
Termination benefits |  | 20.2 |  |  | 23.1 |  |  | 48.9 |
Store closure and other costs |  | 8.7 |  |  | 18.5 |  |  | 126.3 |
Total Signet Path to Brilliance Plan expenses |  | $ | 28.7 |  |  | $ | 41.0 |  |  | $ | 246.0 |
Schedule of Plan Liabilities | The following table summarizes the activity related to the Plan liabilities for Fiscal 2021:
(in millions) |  | Termination benefits |  | Store closure and other costs |  | Consolidated
Balance at February 1, 2020 |  | $ | 2.0 |  |  | $ | 10.4 |  |  | $ | 12.4 |
Payments and other adjustments |  | (7.1) |  |  | (22.2) |  |  | (29.3) |
Charged to expense |  | 23.1 |  |  | 17.9 |  |  | 41.0 |
Balance at August 1, 2020 |  | $ | 18.0 |  |  | $ | 6.1 |  |  | $ | 24.1 |

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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 + Details
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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 + Details
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