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Share-based compensation (Tables) | 12 Months Ended
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Jan. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Share-Based Compensation Expense and Associated Tax Benefits | Share-based compensation expense and the associated tax benefits recognized in the consolidated statements of operations are as follows:
(in millions) | Fiscal 2021 |  | Fiscal 2020 |  | Fiscal 2019
Share-based compensation expense | $ | 14.5 |  |  | $ | 16.9 |  |  | $ | 16.5 |
Income tax benefit | $ | (3.6) |  |  | $ | (4.2) |  |  | $ | (4.1) |
Summary of Unrecognized Compensation Cost Related to Outstanding Awards | As of January 30, 2021, unrecognized compensation cost related to unvested awards granted under share-based compensation plans is as follows:
(in millions) | Unrecognized Compensation Cost |  | Weighted average period
Omnibus Plan | $ | 26.6 |  |  | 2.2 years
Share Saving Plans | 0.1 |  |  | 0.7 years
Total | $ | 26.7 |  |  |
Omnibus Plan |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Significant Assumptions Utilized to Estimate Weighted-Average Fair Value of Awards Granted | The significant assumptions utilized to estimate the weighted-average fair value of RSAs, Common Shares and RSU awards granted under the Omnibus Plans are as follows:
| Omnibus Plan
| Fiscal 2021 |  | Fiscal 2020 |  | Fiscal 2019
Share price | $ | 11.10 |  |  | $ | 20.76 |  |  | $ | 41.36 |
Expected term | 2.9 years |  | 2.8 years |  | 2.8 years
Dividend yield | 5.5 | % |  | 7.5 | % |  | 3.6 | %
Fair value | $ | 9.37 |  |  | $ | 18.14 |  |  | $ | 38.57 |
The significant assumptions utilized to estimate the weighted-average fair value of stock options granted under the Omnibus Plans are as follows:
|  |  | Fiscal 2020 |  | Fiscal 2019
Share price |  |  | $ | 22.17 |  |  | $ | 40.09 |
Exercise price |  |  | $ | 25.18 |  |  | $ | 39.72 |
Risk free interest rate |  |  | 2.4 | % |  | 2.9 | %
Expected term |  |  | 6.0 years |  | 6.5 years
Expected volatility |  |  | 42.7 | % |  | 37.6 | %
Dividend yield |  |  | 6.7 | % |  | 3.7 | %
Fair value |  |  | $ | 4.27 |  |  | $ | 11.21 |
Activity for Awards Granted Under the Plan | The Fiscal 2021 activity for Common Shares, RSAs, and time-based and performance-based RSU awards granted under the Omnibus Plans is as follows:
| Omnibus Plans
(in millions, except per share amounts) | No. of shares |  | Weighted average grant date fair value |  | Weighted average remaining contractual life |  | Intrinsic value(1)
Outstanding at February 1, 2020 | 2.8 |  |  | $ | 31.04 |  |  | 1.5 years |  | $ | 66.9 |
Fiscal 2021 activity: |  |  |  |  |  |  |
Granted | 3.3 |  |  | 9.62 |  |  |  |  |
Vested | (0.4) |  |  | 30.25 |  |  |  |  |
Lapsed or forfeited | (0.9) |  |  | 34.20 |  |  |  |  |
Outstanding at January 30, 2021 | 4.8 |  |  | $ | 15.24 |  |  | 1.8 years |  | $ | 192.3 |
(1) Intrinsic value for outstanding restricted stock and RSUs is based on the fair market value of Signet’s common stock on the last business day of the fiscal year. The Fiscal 2021 activity for stock options granted under the Omnibus Plans is as follows:
| Omnibus Plans
(in millions, except per share amounts) | No. of shares |  | Weighted average exercise price |  | Weighted average remaining contractual life |  | Intrinsic value(1)
Outstanding at February 1, 2020 | 0.7 |  |  | $ | 39.13 |  |  | 8.3 years |  | $ | — |
Fiscal 2021 activity: |  |  |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | — |  |  | — |  |  |  |  |
Lapsed or forfeited | (0.2) |  |  | 39.61 |  |  |  |  |
Outstanding at January 30, 2021 | 0.5 |  |  | $ | 38.98 |  |  | 7.3 years |  | $ | 0.8 |
(1) Intrinsic value for outstanding awards is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.
Summary of Additional Information about Awards Granted | The following table summarizes additional information about awards granted under the Omnibus Plan:
(in millions) | Fiscal 2021 |  | Fiscal 2020 |  | Fiscal 2019
Total intrinsic value of awards vested | $ | 5.0 |  |  | $ | 3.5 |  |  | $ | 6.8 |
Sharesave Plans |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Significant Assumptions Utilized to Estimate Weighted-Average Fair Value of Awards Granted | The significant assumptions utilized to estimate the weighted-average fair value of awards granted under the Sharesave Plans are as follows:
| Fiscal 2019
Share price | $ | 58.50 |
Exercise price | $ | 57.97 |
Risk free interest rate | 3.0 | %
Expected term | 3.7 years
Expected volatility | 44.4 | %
Dividend yield | 2.6 | %
Fair value | $ | 18.07 |
Activity for Awards Granted Under the Plan | The Fiscal 2021 activity for awards granted under the Sharesave Plans is as follows:
| Sharesave Plans
(in millions, except per share amounts) | No. of shares |  | Weighted average exercise price |  | Weighted average remaining contractual life |  | Intrinsic value(1)
Outstanding at February 1, 2020 | 0.1 |  |  | $ | 54.78 |  |  | 1.1 years |  | $ | — |
Fiscal 2021 activity: |  |  |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | — |  |  | — |  |  |  |  |
Lapsed or forfeited | — |  |  | — |  |  |  |  |
Outstanding at January 30, 2021 | 0.1 |  |  | $ | 51.30 |  |  | 0.8 years |  | $ | — |
Exercisable at February 1, 2020 | — |  |  | $ | — |  |  |  |  | $ | — |
Exercisable at January 30, 2021 | — |  |  | $ | — |  |  |  |  | $ | — |
(1) Intrinsic value for outstanding awards is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.
Summary of Additional Information about Awards Granted | The following table summarizes additional information about awards granted under the Sharesave Plans:
(in millions, except per share amounts) | Fiscal 2019
Weighted average grant date fair value per share of awards granted | $ | 18.07 |
Total intrinsic value of options exercised | $ | — |
Cash received from share options exercised | $ | — |

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