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Share-based compensation (Tables) | 12 Months Ended
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Feb. 03, 2024
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 2024 |  | Fiscal 2023 |  | Fiscal 2022
Share-based compensation expense | $ | 41.1 |  |  | $ | 42.0 |  |  | $ | 45.8 |
Income tax benefit | $ | (5.4) |  |  | $ | (5.2) |  |  | $ | (5.9) |
Schedule of Unrecognized Compensation Cost Related to Outstanding Awards | As of February 3, 2024, 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 | $ | 19.7 |  |  | 1.7 years
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 RSUs and PSUs granted under the Omnibus Plan are as follows:
| Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Share price | $ | 62.71 |  |  | $ | 77.39 |  |  | $ | 60.65 |
Expected term | 2.9 years |  | 2.9 years |  | 2.9 years
Dividend yield | 0.9 | % |  | 3.0 | % |  | 4.3 | %
Fair value | $ | 61.06 |  |  | $ | 71.19 |  |  | $ | 53.58 |
Schedule of Activity for Awards Granted Under the Plan | The Fiscal 2024 activity for RSUs and PSUs granted under the Omnibus Plan is as follows:
(in millions, except per share amounts) | Number of shares |  | Weighted average grant date fair value |  | Weighted average remaining contractual life |  | Intrinsic value (1)
Outstanding at January 28, 2023 | 2.3 |  |  | $ | 47.33 |  |  | 1.2 years |  | $ | 170.0 |
Fiscal 2024 activity: |  |  |  |  |  |  |
Granted | 1.0 |  |  | 61.57 |  |  |  |  |
Vested (2) | (1.4) |  |  | 34.05 |  |  |  |  |
Lapsed or forfeited | (0.1) |  |  | 61.84 |  |  |  |  |
Outstanding at February 3, 2024 | 1.8 |  |  | $ | 65.62 |  |  | 1.6 years |  | $ | 169.3 |
(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. There were no RSAs outstanding as of February 3, 2024. (2) This amount includes 0.6 million PSUs that vested as of the last day of Fiscal 2024; however, these shares were not released to participants until Fiscal 2025. The Fiscal 2024 activity for stock options previously granted under the Omnibus Plan is as follows:
(in millions, except per share amounts) | No. of shares |  | Weighted average exercise price |  | Weighted average remaining contractual life |  | Intrinsic value (1)
Outstanding at January 28, 2023 | 0.2 |  |  | $ | 38.68 |  |  | 5.3 years |  | $ | 5.9 |
Fiscal 2024 activity: |  |  |  |  |  |  |
Exercised | (0.1) |  |  | 39.52 |  |  |  |  |
Outstanding at February 3, 2024 | 0.1 |  |  | $ | 38.31 |  |  | 4.3 years |  | $ | 6.4 |
(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 Plan:
(in millions) | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Total intrinsic value of awards vested | $ | 121.8 |  |  | $ | 205.1 |  |  | $ | 76.6 |

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