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Shareholders' equity (Tables) | 6 Months Ended
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Aug. 03, 2024
Equity [Abstract] |
Schedule of Dividends | Dividends declared on common shares during the 26 weeks ended August 3, 2024 and July 29, 2023 were as follows:
| Fiscal 2025 |  | Fiscal 2024
(in millions, except per share amounts) | Dividends per share |  | Total dividends |  | Dividends per share |  | Total dividends
First quarter | $ | 0.29 |  |  | $ | 12.9 |  |  | $ | 0.23 |  |  | $ | 10.4 |
Second quarter (1) | 0.29 |  |  | 12.9 |  |  | 0.23 |  |  | 10.3 |
Total | $ | 0.58 |  |  | $ | 25.8 |  |  | $ | 0.46 |  |  | $ | 20.7 |
(1) Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of August 3, 2024 and July 29, 2023, there was $12.9 million and $10.3 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the second quarter of Fiscal 2025 and Fiscal 2024, respectively. Dividends declared on the Preferred Shares during the 26 weeks ended August 3, 2024 and July 29, 2023 were as follows:
| Fiscal 2025 |  | Fiscal 2024
(in millions, except per share amounts) | Dividends per share |  | Total dividends(2) |  | Dividends per share |  | Total dividends
First quarter | $ | 13.14 |  |  | $ | 6.2 |  |  | $ | 13.14 |  |  | $ | 8.2 |
Second quarter (1) | 13.14 |  |  | 2.8 |  |  | 13.14 |  |  | 8.2 |
Total | $ | 26.28 |  |  | $ | 9.0 |  |  | $ | 26.28 |  |  | $ | 16.4 |
(1) Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of August 3, 2024 and July 29, 2023, there was $2.8 million and $8.2 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on the Preferred Shares declared for the second quarter of Fiscal 2025 and Fiscal 2024, respectively. (2) Dividends on the Preferred Shares during the first quarter of Fiscal 2025 includes $2.1 million of dividends paid in April 2024 in connection with the redemption further described in Note 5.
Schedule of Class of Treasury Stock | The share repurchase activity during the 26 weeks ended August 3, 2024 and July 29, 2023 was as follows:
|  |  | 26 weeks ended August 3, 2024 |  | 26 weeks ended July 29, 2023
(in millions, except per share amounts) |  |  | Shares repurchased |  | Amount repurchased (1) |  | Average repurchase price per share (1) |  | Shares repurchased |  | Amount repurchased (1) |  | Average repurchase price per share (1)
2017 Program |  |  | 0.5 |  | $ | 47.2 |  |  | $ | 91.88 |  |  | 1.2 |  | $ | 82.4 |  |  | $ | 69.88 |
(1) Includes amounts paid for commissions.

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