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Common shares, treasury shares, and dividends (Tables) | 12 Months Ended
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Jan. 29, 2022
Class of Stock [Line Items] |
Class of Treasury Stock | The share repurchase activity is outlined in the table below:
|  |  | Fiscal 2022 |  | Fiscal 2021 |  | Fiscal 2020
(in millions, expect per share amounts) | Amount authorized |  | Shares repurchased |  | Amount repurchased (2) |  | Average repurchase price per share |  | Shares repurchased |  | Amount repurchased |  | Average repurchase price per share |  | Shares repurchased |  | Amount repurchased |  | Average repurchase price per share
2017 Program (1) | $ | 1,159.4 |  |  | 3.2 |  |  | $ | 261.8 |  |  | $ | 81.16 |  |  | — |  |  | — |  |  | $ | 0.00 |  |  | — |  |  | $ | — |  |  | $ | 0.00 |
(1) The 2017 Program had $413.2 million remaining as of January 29, 2022. (2) The amount repurchased in Fiscal 2022 excludes $50 million related to the forward purchase contract in the ASR.
Schedule of Dividends |
| Fiscal 2022 |  | Fiscal 2021 |  | Fiscal 2020
(in millions, except per share amounts) | Cash dividend per share |  | Total dividends |  | Cash dividend per share |  | Total dividends |  | Cash dividend per share |  | Total dividends
First quarter | $ | 0.00 |  |  | — |  |  | $ | 0.00 |  |  | $ | — |  |  | $ | 0.37 |  |  | $ | 19.3 |
Second quarter | 0.18 |  |  | 9.5 |  |  | 0.00 |  |  | — |  |  | 0.37 |  |  | 19.3 |
Third quarter | 0.18 |  |  | 9.5 |  |  | 0.00 |  |  | — |  |  | 0.37 |  |  | 19.4 |
Fourth quarter (1) | 0.18 |  |  | 9.0 |  |  | 0.00 |  |  | — |  |  | 0.37 |  |  | 19.4 |
Total | $ | 0.54 |  |  | $ | 28.0 |  |  | $ | 0.00 |  |  | $ | — |  |  | $ | 1.48 |  |  | $ | 77.4 |
(1) Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of January 29, 2022 there was $9.0 million recorded in accrued expenses and other current liabilities in the consolidated balance sheets reflecting the cash dividends declared for the fourth quarter of Fiscal 2022. There were no dividends declared or accrued as of January 30, 2021.
Series A Redeemable Convertible Preferred Stock |
Class of Stock [Line Items] |
Schedule of Dividends |
| Fiscal 2022 |  | Fiscal 2021 |  | Fiscal 2020
(in millions) | Total dividends |  | Total dividends |  | Total dividends
First quarter | $ | 8.2 |  |  | $ | 7.8 |  |  | $ | 7.8 |
Second quarter | 8.2 |  |  | 7.9 |  |  | 7.8 |
Third quarter | 8.3 |  |  | 8.0 |  |  | 7.8 |
Fourth quarter (1) | 8.2 |  |  | 8.1 |  |  | 7.8 |
Total | $ | 32.9 |  |  | $ | 31.8 |  |  | $ | 31.2 |
(1) Signet’s dividend policy results in the preferred share dividend payment date being a quarter in arrears from the declaration date. As a result, as of January 29, 2022 and January 30, 2021, $8.2 million and $8.1 million, respectively, has been recorded in accrued expenses and other current liabilities in the consolidated balance sheets reflecting the dividends on preferred shares declared for the fourth quarter of Fiscal 2022 and Fiscal 2021. As disclosed in Note 7, the Fiscal 2022 and Fiscal 2021 dividends were paid in cash and “in-kind”, respectively.

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