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Segment information | 12 Months Ended
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Feb. 03, 2024
Segment Reporting [Abstract] |
Segment information | Segment information Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s CODM utilizes segment sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. Signet aggregates operating segments with similar economic and operating characteristics. Signet manages its business as three reportable segments: North America, International, and Other. Signet’s sales are derived from the retailing of jewelry, watches, other products and services as generated through the management of its reportable segments. The Company allocates certain support center costs between operating segments, and the remainder of the unallocated costs are included with the corporate and unallocated expenses presented. The North America reportable segment operates across the US and Canada. Its US stores operate nationally in malls and off-mall locations, as well as online, principally as Kay (Kay Jewelers and Kay Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared The Galleria Of Jewelry and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and digital banners, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewellers. The International reportable segment operates stores in the UK, Republic of Ireland and Channel Islands, as well as online. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally under the H.Samuel and Ernest Jones banners. The Other reportable segment primarily consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
(in millions) | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Sales: |  |  |  |  |
North America segment (1) | $ | 6,703.8 |  |  | $ | 7,289.5 |  |  | $ | 7,264.8 |
International segment | 430.7 |  |  | 470.1 |  |  | 492.4 |
Other segment | 36.6 |  |  | 82.5 |  |  | 68.8 |
Total sales | $ | 7,171.1 |  |  | $ | 7,842.1 |  |  | $ | 7,826.0 |
Operating income (loss): |  |  |  |  |
North America segment (2) | $ | 677.0 |  |  | $ | 673.2 |  |  | $ | 981.4 |
International segment (3) | 13.1 |  |  | (0.2) |  |  | 14.4 |
Other segment | (8.2) |  |  | 2.4 |  |  | (0.2) |
Corporate and unallocated expenses (4) | (60.4) |  |  | (70.5) |  |  | (92.2) |
Total operating income | 621.5 |  |  | 604.9 |  |  | 903.4 |
Interest income (expense), net | 18.7 |  |  | (13.5) |  |  | (16.9) |
Other non-operating expense, net | (0.4) |  |  | (140.2) |  |  | (2.1) |
Income before income taxes | $ | 639.8 |  |  | $ | 451.2 |  |  | $ | 884.4 |
Depreciation and amortization: |  |  |  |  |
North America segment | $ | 151.1 |  |  | $ | 153.8 |  |  | $ | 149.2 |
International segment | 10.4 |  |  | 10.3 |  |  | 14.0 |
Other segment | 0.4 |  |  | 0.4 |  |  | 0.3 |
Total depreciation and amortization | $ | 161.9 |  |  | $ | 164.5 |  |  | $ | 163.5 |
Capital additions: |  |  |  |  |
North America segment | $ | 108.2 |  |  | $ | 127.6 |  |  | $ | 112.6 |
International segment | 17.0 |  |  | 10.9 |  |  | 16.6 |
Other segment | 0.3 |  |  | 0.4 |  |  | 0.4 |
Total capital additions | $ | 125.5 |  |  | $ | 138.9 |  |  | $ | 129.6 |
(1) Includes sales of $196.0 million, $209.1 million and $206.2 million generated by Canadian operations in Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. (2) Fiscal 2024 includes: 1) $22.0 million of acquisition and integration-related expenses, primarily severance and retention, exit and disposal costs and system decommissioning costs incurred for the integration of Blue Nile; 2) $6.3 million of restructuring charges; 3) $9.0 million of net asset impairment charges primarily related to restructuring and integration; and 4) a $3.0 million credit to income related to the adjustment of a prior litigation accrual. Fiscal 2023 includes: 1) $13.4 million of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct and Blue Nile acquisitions; 2) $14.7 million of acquisition and integration-related expenses in connection with the Blue Nile acquisition, primarily related to professional fees and severance costs; 3) $203.8 million related to pre-tax litigation charges; and 4) net asset impairment charges of $20.0 million. Fiscal 2022 includes: 1) $5.4 million of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct acquisition; 2) $6.4 million of acquisition-related expenses related to Diamonds Direct and Rocksbox; 3) net asset impairment charges of $2.0 million; 4) $1.4 million of gains associated with the sale of customer in-house finance receivables; and 5) $1.0 million credit to restructuring expense, primarily related to adjustments to previously recognized restructuring liabilities. See Note 4, Note 12, Note 16, Note 26 and Note 28 for additional information. (3) Fiscal 2024 includes a $12.3 million gain from the divestiture of the UK prestige watch business, net of transaction costs and $1.2 million of restructuring charges. Fiscal 2023 includes net asset impairment charges of $2.7 million. Fiscal 2022 includes net asset impairment gains of $0.5 million. See Note 4, Note 16 and Note 26 for additional information. (4) Fiscal 2022 includes: 1) a charge of $1.7 million related to the settlement of previously disclosed shareholder litigation matters; and 2) $2.3 million credit to restructuring expense primarily related to adjustments to previously recognized restructuring liabilities. See Note 28 for additional information.
(in millions) | February 3, 2024 |  | January 28, 2023
Total assets: |  |  |
North America segment | $ | 5,913.0 |  |  | $ | 5,901.5 |
International segment | 437.4 |  |  | 405.9 |
Other segment | 98.9 |  |  | 122.3 |
Corporate and unallocated | 363.9 |  |  | 190.7 |
Total assets | $ | 6,813.2 |  |  | $ | 6,620.4 |
Total long-lived assets (1): |  |  |
North America segment | $ | 1,616.1 |  |  | $ | 1,702.5 |
International segment | 36.2 |  |  | 40.2 |
Other segment | 2.7 |  |  | 2.9 |
Total long-lived assets | $ | 1,655.0 |  |  | $ | 1,745.6 |
(1) Includes property, plant and equipment, net; goodwill; and intangible assets, net.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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