XML 77 R62.htm IDEA: XBRL DOCUMENT
v3.22.4

Share-based compensation (Tables) | 12 Months Ended
--- | ---
Jan. 28, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of 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 2023 |  | Fiscal 2022 |  | Fiscal 2021
Share-based compensation expense | $ | 42.0 |  |  | $ | 45.8 |  |  | $ | 14.5 |
Income tax benefit | $ | (5.2) |  |  | $ | (5.9) |  |  | $ | (3.6) |
Schedule of Unrecognized Compensation Cost Related to Outstanding Awards | As of January 28, 2023, 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 | $ | 33.7 |  |  | 1.7 years
Total | $ | 33.7 |  |  |
Omnibus Plan |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of 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, RSUs, and PSUs granted under the Omnibus Plans are as follows:
| Omnibus Plan
| Fiscal 2023 |  | Fiscal 2022 |  | Fiscal 2021
Share price | $ | 77.39 |  |  | $ | 60.65 |  |  | $ | 11.10 |
Expected term | 2.9 years |  | 2.9 years |  | 2.9 years
Dividend yield | 3.0 | % |  | 4.3 | % |  | 5.5 | %
Fair value | $ | 71.19 |  |  | $ | 53.58 |  |  | $ | 9.37 |
Schedule of Activity for Awards Granted Under the Plan | The Fiscal 2023 activity for Common Shares, RSAs, RSUs and PSUs 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 January 29, 2022 | 4.3 |  |  | $ | 22.28 |  |  | 1.1 years |  | $ | 369.3 |
Fiscal 2023 activity: |  |  |  |  |  |  |
Granted | 0.9 |  |  | 71.66 |  |  |  |  |
Vested (2) | (2.8) |  |  | 15.96 |  |  |  |  |
Lapsed or forfeited | (0.1) |  |  | 44.02 |  |  |  |  |
Outstanding at January 28, 2023 | 2.3 |  |  | $ | 47.33 |  |  | 1.2 years |  | $ | 170.0 |
(1) Intrinsic value for outstanding RSUs and PSUs is based on the fair market value of Signet’s common stock on the last business day of the fiscal year. No RSAs remain outstanding as of January 28, 2023. (2) This amount includes 1.0 million PSUs that vested on January 28, 2023; however, these shares were not released to participants until February 2023. The Fiscal 2023 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 January 29, 2022 | 0.2 |  |  | $ | 38.70 |  |  | 6.3 years |  | $ | 8.9 |
Outstanding at January 28, 2023 | 0.2 |  |  | $ | 38.68 |  |  | 5.3 years |  | $ | 5.9 |
(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.
Schedule of Additional Information about Awards Granted | The following table summarizes additional information about awards granted under the Omnibus Plans:
(in millions) | Fiscal 2023 |  | Fiscal 2022 |  | Fiscal 2021
Total intrinsic value of awards vested | $ | 205.1 |  |  | $ | 76.6 |  |  | $ | 5.0 |

X
- Definition Schedule Of Share Based Compensation Additional Information [Table Text Block] + References No definition available. + Details
Name: | sig_ScheduleOfShareBasedCompensationAdditionalInformationTableTextBlock
Namespace Prefix: | sig_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PlanNameAxis=sig_OmnibusPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |