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v3.22.2.2

Revenue Recognition (Tables) | 6 Months Ended
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Jul. 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 and 26 weeks ended July 30, 2022 and July 31, 2021:
| 13 weeks ended July 30, 2022 |  | 13 weeks ended July 31, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by banner: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kay | $ | 617.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 617.5 |  |  | $ | 673.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 673.7 |
Zales | 318.1 |  |  | — |  |  | — |  |  | 318.1 |  |  | 367.3 |  |  | — |  |  | — |  |  | 367.3 |
Jared | 303.5 |  |  | — |  |  | — |  |  | 303.5 |  |  | 311.9 |  |  | — |  |  | — |  |  | 311.9 |
Diamonds Direct | 113.0 |  |  | — |  |  | — |  |  | 113.0 |  |  | — |  |  |  |  |  |  | — |
Banter by Piercing Pagoda | 100.2 |  |  | — |  |  | — |  |  | 100.2 |  |  | 138.7 |  |  | — |  |  | — |  |  | 138.7 |
James Allen | 88.6 |  |  | — |  |  | — |  |  | 88.6 |  |  | 108.8 |  |  | — |  |  | — |  |  | 108.8 |
Peoples | 47.8 |  |  | — |  |  | — |  |  | 47.8 |  |  | 41.4 |  |  | — |  |  | — |  |  | 41.4 |
International segment banners | — |  |  | 111.6 |  |  | — |  |  | 111.6 |  |  | — |  |  | 130.7 |  |  | — |  |  | 130.7 |
Other (1) | 27.7 |  |  | — |  |  | 26.9 |  |  | 54.6 |  |  | 3.9 |  |  | — |  |  | 11.7 |  |  | 15.6 |
Total sales | $ | 1,616.4 |  |  | $ | 111.6 |  |  | $ | 26.9 |  |  | $ | 1,754.9 |  |  | $ | 1,645.7 |  |  | $ | 130.7 |  |  | $ | 11.7 |  |  | $ | 1,788.1 |
| 26 weeks ended July 30, 2022 |  | 26 weeks ended July 31, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by banner: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kay | $ | 1,284.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,284.8 |  |  | $ | 1,350.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,350.4 |
Zales | 665.8 |  |  | — |  |  | — |  |  | 665.8 |  |  | 738.1 |  |  | — |  |  | — |  |  | 738.1 |
Jared | 617.6 |  |  | — |  |  | — |  |  | 617.6 |  |  | 596.0 |  |  | — |  |  | — |  |  | 596.0 |
Diamonds Direct | 219.3 |  |  |  |  |  |  | 219.3 |  |  | — |  |  |  |  |  |  | — |
Banter by Piercing Pagoda | 219.2 |  |  | — |  |  | — |  |  | 219.2 |  |  | 287.6 |  |  | — |  |  | — |  |  | 287.6 |
James Allen | 181.9 |  |  | — |  |  | — |  |  | 181.9 |  |  | 210.3 |  |  | — |  |  | — |  |  | 210.3 |
Peoples | 93.2 |  |  | — |  |  | — |  |  | 93.2 |  |  | 76.0 |  |  | — |  |  | — |  |  | 76.0 |
International segment banners | — |  |  | 221.6 |  |  | — |  |  | 221.6 |  |  | — |  |  | 188.1 |  |  | — |  |  | 188.1 |
Other (1) | 39.6 |  |  | — |  |  | 50.2 |  |  | 89.8 |  |  | 5.3 |  |  | — |  |  | 25.1 |  |  | 30.4 |
Total sales | $ | 3,321.4 |  |  | $ | 221.6 |  |  | $ | 50.2 |  |  | $ | 3,593.2 |  |  | $ | 3,263.7 |  |  | $ | 188.1 |  |  | $ | 25.1 |  |  | $ | 3,476.9 |
(1) Other primarily includes sales from Signet’s diamond sourcing initiative, loose diamonds and Rocksbox. The following table provides the Company’s total sales, disaggregated by major product, for the 13 and 26 weeks ended July 30, 2022 and July 31, 2021:
| 13 weeks ended July 30, 2022 |  | 13 weeks ended July 31, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by product: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bridal | $ | 730.6 |  |  | $ | 49.2 |  |  | $ | — |  |  | $ | 779.8 |  |  | $ | 696.9 |  |  | $ | 60.7 |  |  | $ | — |  |  | $ | 757.6 |
Fashion | 609.6 |  |  | 17.9 |  |  | — |  |  | 627.5 |  |  | 680.7 |  |  | 20.7 |  |  | — |  |  | 701.4 |
Watches | 53.5 |  |  | 37.9 |  |  | — |  |  | 91.4 |  |  | 58.6 |  |  | 41.0 |  |  | — |  |  | 99.6 |
Services (1) | 163.5 |  |  | 6.6 |  |  | — |  |  | 170.1 |  |  | 151.1 |  |  | 8.3 |  |  | — |  |  | 159.4 |
Other (2) | 59.2 |  |  | — |  |  | 26.9 |  |  | 86.1 |  |  | 58.4 |  |  | — |  |  | 11.7 |  |  | 70.1 |
Total sales | $ | 1,616.4 |  |  | $ | 111.6 |  |  | $ | 26.9 |  |  | $ | 1,754.9 |  |  | $ | 1,645.7 |  |  | $ | 130.7 |  |  | $ | 11.7 |  |  | $ | 1,788.1 |
| 26 weeks ended July 30, 2022 |  | 26 weeks ended July 31, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by product: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bridal | $ | 1,517.9 |  |  | $ | 99.3 |  |  | $ | — |  |  | $ | 1,617.2 |  |  | $ | 1,423.6 |  |  | $ | 89.5 |  |  | $ | — |  |  | $ | 1,513.1 |
Fashion | 1,267.8 |  |  | 35.6 |  |  | — |  |  | 1,303.4 |  |  | 1,342.1 |  |  | 30.4 |  |  | — |  |  | 1,372.5 |
Watches | 105.0 |  |  | 73.1 |  |  | — |  |  | 178.1 |  |  | 105.5 |  |  | 58.2 |  |  | — |  |  | 163.7 |
Services (1) | 329.5 |  |  | 13.6 |  |  | — |  |  | 343.1 |  |  | 297.0 |  |  | 10.0 |  |  | — |  |  | 307.0 |
Other (2) | 101.2 |  |  | — |  |  | 50.2 |  |  | 151.4 |  |  | 95.5 |  |  | — |  |  | 25.1 |  |  | 120.6 |
Total sales | $ | 3,321.4 |  |  | $ | 221.6 |  |  | $ | 50.2 |  |  | $ | 3,593.2 |  |  | $ | 3,263.7 |  |  | $ | 188.1 |  |  | $ | 25.1 |  |  | $ | 3,476.9 |
(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 and 26 weeks ended July 30, 2022 and July 31, 2021:
| 13 weeks ended July 30, 2022 |  | 13 weeks ended July 31, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Store | $ | 1,314.6 |  |  | $ | 91.9 |  |  | $ | — |  |  | $ | 1,406.5 |  |  | $ | 1,333.3 |  |  | $ | 106.9 |  |  | $ | — |  |  | $ | 1,440.2 |
E-commerce | 278.1 |  |  | 19.7 |  |  | — |  |  | 297.8 |  |  | 312.4 |  |  | 23.8 |  |  | — |  |  | 336.2 |
Other (1) | 23.7 |  |  | — |  |  | 26.9 |  |  | 50.6 |  |  | — |  |  | — |  |  | 11.7 |  |  | 11.7 |
Total sales | $ | 1,616.4 |  |  | $ | 111.6 |  |  | $ | 26.9 |  |  | $ | 1,754.9 |  |  | $ | 1,645.7 |  |  | $ | 130.7 |  |  | $ | 11.7 |  |  | $ | 1,788.1 |
| 26 weeks ended July 30, 2022 |  | 26 weeks ended July 31, 2021
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Store | $ | 2,711.1 |  |  | $ | 181.8 |  |  | $ | — |  |  | $ | 2,892.9 |  |  | $ | 2,632.9 |  |  | $ | 136.4 |  |  | $ | — |  |  | $ | 2,769.3 |
E-commerce | 578.5 |  |  | 39.8 |  |  | — |  |  | 618.3 |  |  | 630.8 |  |  | 51.7 |  |  | — |  |  | 682.5 |
Other (1) | 31.8 |  |  | — |  |  | 50.2 |  |  | 82.0 |  |  | — |  |  | — |  |  | 25.1 |  |  | 25.1 |
Total sales | $ | 3,321.4 |  |  | $ | 221.6 |  |  | $ | 50.2 |  |  | $ | 3,593.2 |  |  | $ | 3,263.7 |  |  | $ | 188.1 |  |  | $ | 25.1 |  |  | $ | 3,476.9 |
(1) Other primarily includes sales from Signet’s diamond sourcing initiative and loose diamonds.
Schedule of Deferred Selling Costs | Unamortized deferred selling costs as of July 30, 2022, January 29, 2022 and July 31, 2021 were as follows:
(in millions) | July 30, 2022 |  | January 29, 2022 |  | July 31, 2021
Other current assets | $ | 27.4 |  |  | $ | 28.4 |  |  | $ | 25.4 |
Other assets | 86.8 |  |  | 87.8 |  |  | 87.1 |
Total deferred selling costs | $ | 114.2 |  |  | $ | 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 $10.3 million and $21.1 million d uring the 13 and 26 weeks ended July 30, 2022, respectively, and $7.1 million and $17.0 million during the 13 and 26 weeks ended July 31, 2021.
Deferred Revenue | Deferred revenue as of July 30, 2022, January 29, 2022 and July 31, 2021 was as follows:
(in millions) | July 30, 2022 |  | January 29, 2022 |  | July 31, 2021
ESP deferred revenue | $ | 1,131.5 |  |  | $ | 1,116.5 |  |  | $ | 1,063.8 |
Other deferred revenue (1) | 69.3 |  |  | 82.4 |  |  | 43.5 |
Total deferred revenue | $ | 1,200.8 |  |  | $ | 1,198.9 |  |  | $ | 1,107.3 |
Disclosed as: |  |  |  |  |
Current liabilities | $ | 326.9 |  |  | $ | 341.3 |  |  | $ | 297.9 |
Non-current liabilities | 873.9 |  |  | 857.6 |  |  | 809.4 |
Total deferred revenue | $ | 1,200.8 |  |  | $ | 1,198.9 |  |  | $ | 1,107.3 |
(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 |  | 26 weeks ended
(in millions) | July 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
ESP deferred revenue, beginning of period | $ | 1,125.9 |  |  | $ | 1,049.4 |  |  | $ | 1,116.5 |  |  | $ | 1,028.9 |
Plans sold (1) | 120.3 |  |  | 118.6 |  |  | 244.1 |  |  | 242.7 |
Revenue recognized (2) | (114.7) |  |  | (104.2) |  |  | (229.1) |  |  | (207.8) |
ESP deferred revenue, end of period | $ | 1,131.5 |  |  | $ | 1,063.8 |  |  | $ | 1,131.5 |  |  | $ | 1,063.8 |
(1) Includes impact of foreign exchange translation. (2) The Company recognized sale s o f $68.6 million and $147.8 million during the 13 and 26 weeks ended July 30, 2022, respectively, and $63.9 million and $136.5 million during the 13 and 26 weeks ended July 31, 2021, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

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