XML 54 R41.htm IDEA: XBRL DOCUMENT
v3.21.2

Accounts receivable, net (Tables) | 9 Months Ended
--- | ---
Oct. 30, 2021
Receivables [Abstract] |
Accounts Receivable By Portfolio Segment | The following table presents the components of Signet’s accounts receivable:
(in millions) | October 30, 2021 |  | January 30, 2021 |  | October 31, 2020
Customer in-house finance receivables, net | $ | — |  |  | $ | 72.0 |  |  | $ | 39.6 |
Accounts receivable, trade | 17.0 |  |  | 11.6 |  |  | 13.2 |
Accounts receivable, held for sale | 2.3 |  |  | 5.1 |  |  | 5.5 |
Accounts receivable, net | $ | 19.3 |  |  | $ | 88.7 |  |  | $ | 58.3 |
Financing Receivable Credit Quality Indicators | The following table disaggregates the Company’s customer in-house finance receivables by credit quality:
(in millions) |  |  | January 30, 2021 |  | October 31, 2020
Near Prime |  |  | $ | 46.6 |  |  | $ | 26.4 |
Subprime |  |  | 38.9 |  |  | 21.8 |
Deep Subprime |  |  | 12.0 |  |  | 6.0 |
Total at amortized cost |  |  | $ | 97.5 |  |  | $ | 54.2 |
Financing Receivable, Allowance for Credit Loss | The following table is a rollforward of the Company’s allowance for credit losses on customer in-house finance receivables:
|  | 13 weeks ended |  | 39 weeks ended
(in millions) |  | October 30, 2021 |  | October 31, 2020 |  | October 30, 2021 |  | October 31, 2020
Balance at beginning of period |  | $ | — |  |  | $ | 7.1 |  |  | $ | 25.5 |  |  | $ | — |
Provision for credit losses |  | (0.6) |  |  | 7.5 |  |  | (1.0) |  |  | 14.6 |
Write-offs |  | — |  |  | — |  |  | (5.5) |  |  | — |
Recoveries |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Reversal of allowance on receivables sold |  | — |  |  | — |  |  | (19.6) |  |  | — |
Balance at end of period |  | $ | — |  |  | $ | 14.6 |  |  | $ | — |  |  | $ | 14.6 |
Financing Receivable, Past Due | The following table disaggregates the Company’s customer in-house finance receivables by past due status:
(in millions) |  |  |  | January 30, 2021 |  | October 31, 2020
Current |  |  |  | $ | 81.3 |  |  | $ | 47.6 |
1 - 30 days past due |  |  |  | 9.1 |  |  | 4.0 |
31 - 60 days past due |  |  |  | 2.6 |  |  | 1.5 |
61 - 90 days past due |  |  |  | 1.7 |  |  | 0.7 |
Greater than 90 days past due |  |  |  | 2.8 |  |  | 0.4 |
Total at amortized cost |  |  |  | $ | 97.5 |  |  | $ | 54.2 |

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI http://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + 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 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration