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v3.22.1

Revenue Recognition (Tables) | 3 Months Ended
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Apr. 30, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table provides the Company’s total sales, disaggregated by banner, for the 13 weeks ended April 30, 2022 and May 1, 2021:
| 13 weeks ended April 30, 2022 |  | 13 weeks ended May 1, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by banner: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kay | $ | 667.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 667.3 |  |  | $ | 676.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 676.8 |
Zales | 347.7 |  |  | — |  |  | — |  |  | 347.7 |  |  | 370.8 |  |  | — |  |  | — |  |  | 370.8 |
Jared | 314.1 |  |  | — |  |  | — |  |  | 314.1 |  |  | 284.1 |  |  | — |  |  | — |  |  | 284.1 |
Banter by Piercing Pagoda | 119.0 |  |  | — |  |  | — |  |  | 119.0 |  |  | 148.8 |  |  | — |  |  | — |  |  | 148.8 |
Diamonds Direct | 106.3 |  |  | — |  |  | — |  |  | 106.3 |  |  | — |  |  | — |  |  | — |  |  | — |
James Allen | 93.3 |  |  | — |  |  | — |  |  | 93.3 |  |  | 101.5 |  |  | — |  |  | — |  |  | 101.5 |
Peoples | 45.4 |  |  | — |  |  | — |  |  | 45.4 |  |  | 34.6 |  |  | — |  |  | — |  |  | 34.6 |
International segment banners | — |  |  | 110.0 |  |  | — |  |  | 110.0 |  |  | — |  |  | 57.4 |  |  | — |  |  | 57.4 |
Other (1) | 11.9 |  |  | — |  |  | 23.3 |  |  | 35.2 |  |  | 1.4 |  |  | — |  |  | 13.4 |  |  | 14.8 |
Total sales | $ | 1,705.0 |  |  | $ | 110.0 |  |  | $ | 23.3 |  |  | $ | 1,838.3 |  |  | $ | 1,618.0 |  |  | $ | 57.4 |  |  | $ | 13.4 |  |  | $ | 1,688.8 |
(1) Other includes primarily sales from Signet’s diamond sourcing initiative and Rocksbox. The following table provides the Company’s total sales, disaggregated by major product, for the 13 weeks ended April 30, 2022 and May 1, 2021:
| 13 weeks ended April 30, 2022 |  | 13 weeks ended May 1, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by product: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bridal | $ | 787.3 |  |  | $ | 50.1 |  |  | $ | — |  |  | $ | 837.4 |  |  | $ | 726.7 |  |  | $ | 28.8 |  |  | $ | — |  |  | $ | 755.5 |
Fashion | 658.2 |  |  | 17.7 |  |  | — |  |  | 675.9 |  |  | 661.4 |  |  | 9.7 |  |  | — |  |  | 671.1 |
Watches | 51.5 |  |  | 35.2 |  |  | — |  |  | 86.7 |  |  | 46.9 |  |  | 17.2 |  |  | — |  |  | 64.1 |
Services (1) | 166.0 |  |  | 7.0 |  |  | — |  |  | 173.0 |  |  | 145.9 |  |  | 1.7 |  |  | — |  |  | 147.6 |
Other (2) | 42.0 |  |  | — |  |  | 23.3 |  |  | 65.3 |  |  | 37.1 |  |  | — |  |  | 13.4 |  |  | 50.5 |
Total sales | $ | 1,705.0 |  |  | $ | 110.0 |  |  | $ | 23.3 |  |  | $ | 1,838.3 |  |  | $ | 1,618.0 |  |  | $ | 57.4 |  |  | $ | 13.4 |  |  | $ | 1,688.8 |
(1) Services primarily includes sales from service plans, repairs and subscriptions. (2) Other primarily includes sales from Signet’s diamond sourcing initiative and other miscellaneous non-jewelry sales. The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended April 30, 2022 and May 1, 2021:
| 13 weeks ended April 30, 2022 |  | 13 weeks ended May 1, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Store | $ | 1,396.5 |  |  | $ | 89.9 |  |  | $ | — |  |  | $ | 1,486.4 |  |  | $ | 1,299.6 |  |  | $ | 29.5 |  |  | $ | — |  |  | $ | 1,329.1 |
E-commerce | 300.4 |  |  | 20.1 |  |  | — |  |  | 320.5 |  |  | 318.4 |  |  | 27.9 |  |  | — |  |  | 346.3 |
Other (1) | 8.1 |  |  | — |  |  | 23.3 |  |  | 31.4 |  |  | — |  |  | — |  |  | 13.4 |  |  | 13.4 |
Total sales | $ | 1,705.0 |  |  | $ | 110.0 |  |  | $ | 23.3 |  |  | $ | 1,838.3 |  |  | $ | 1,618.0 |  |  | $ | 57.4 |  |  | $ | 13.4 |  |  | $ | 1,688.8 |
(1) Other primarily includes sales from Signet’s diamond sourcing initiative.
Schedule of Deferred Selling Costs | Unamortized deferred selling costs as of April 30, 2022, January 29, 2022 and May 1, 2021 were as follows:
(in millions) | April 30, 2022 |  | January 29, 2022 |  | May 1, 2021
Other current assets | $ | 27.9 |  |  | $ | 28.4 |  |  | $ | 26.4 |
Other assets | 87.3 |  |  | 87.8 |  |  | 86.1 |
Total deferred selling costs | $ | 115.2 |  |  | $ | 116.2 |  |  | $ | 112.5 |
Amortization of deferred ESP selling costs is included within selling, general and administrative expenses in the condensed consolidated statements of operations. Amortization of deferred ESP selling costs w as $10.8 million d uring the 13 weeks ended April 30, 2022 and $9.9 million during the 13 weeks ended May 1, 2021.
Deferred Revenue | Deferred revenue as of April 30, 2022, January 29, 2022 and May 1, 2021 was as follows:
(in millions) | April 30, 2022 |  | January 29, 2022 |  | May 1, 2021
ESP deferred revenue | $ | 1,125.9 |  |  | $ | 1,116.5 |  |  | $ | 1,049.4 |
Other deferred revenue (1) | 78.1 |  |  | 82.4 |  |  | 58.3 |
Total deferred revenue | $ | 1,204.0 |  |  | $ | 1,198.9 |  |  | $ | 1,107.7 |
Disclosed as: |  |  |  |  |
Current liabilities | $ | 336.9 |  |  | $ | 341.3 |  |  | $ | 310.0 |
Non-current liabilities | 867.1 |  |  | 857.6 |  |  | 797.7 |
Total deferred revenue | $ | 1,204.0 |  |  | $ | 1,198.9 |  |  | $ | 1,107.7 |
(1) Other deferred revenue primarily includes revenue collected from customers for custom orders and eCommerce orders, for which control has not yet transferred to the customer.
| 13 weeks ended |  |
(in millions) | April 30, 2022 |  | May 1, 2021 |  |  |  |
ESP deferred revenue, beginning of period | $ | 1,116.5 |  |  | $ | 1,028.9 |  |  |  |  |
Plans sold (1) | 123.8 |  |  | 124.1 |  |  |  |  |
Revenue recognized (2) | (114.4) |  |  | (103.6) |  |  |  |  |
ESP deferred revenue, end of period | $ | 1,125.9 |  |  | $ | 1,049.4 |  |  |  |  |
(1) Includes impact of foreign exchange translation. (2) The Company recognized sale s o f $79.2 million and $72.6 million during the 13 weeks ended April 30, 2022 and May 1, 2021, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + 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=123351226&loc=SL49130551-203045 + Details
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