Segment information

Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker utilizes sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. 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 North America reportable segment operates across the US and Canada. Its US stores operate nationally in malls and off-mall locations principally as Kay (Kay Jewelers and Kay Jewelers Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared The Galleria Of Jewelry and Jared Vault), James Allen and Piercing Pagoda, which operates through mall-based kiosks. Its Canadian stores operate as the Peoples Jewellers store banner. The segment also operates a variety of mall-based regional banners.

The International reportable segment operates stores in the UK, Republic of Ireland and Channel Islands. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally as H.Samuel and Ernest Jones.

The Other reportable segment consists of all non-reportable segments that are below the quantifiable threshold for separate disclosure as a reportable segment, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions.



	13 weeks ended
(in millions)	May 4, 2019			May 5, 2018
Sales:
North America segment	$	1,300.3		$	1,347.8
International segment	111.5			128.7
Other	19.9			4.1
Total sales	$	1,431.7		$	1,480.6

Operating income (loss):
North America segment⁽¹⁾	$	48.1		$	(537.3	)
International segment	(8.0		)	(7.6		)
Other⁽²⁾	(42.7		)	(29.3		)
Total operating income (loss)	$	(2.6	)	$	(574.2	)

⁽¹⁾

Operating income (loss) during the 13 weeks ended May 4, 2019 includes a $0.5 million benefit recognized due to a change in inventory reserves previously recognized as part of the Company’s restructuring activities. See Note 5 for additional information. Operating income (loss) during the 13 weeks ended May 5, 2018 includes charges of $448.7 million and $141.0 million related to the goodwill and intangible impairments recognized and valuation losses related to the sale of eligible non-prime in-house accounts receivable, respectively. See Note 14 and Note 11 for additional information.

⁽²⁾

Operating income (loss) during the 13 weeks ended May 4, 2019 includes charges of $27.3 million, primarily related to severance and professional services recorded in conjunction with the Company’s restructuring activities. Operating income (loss) during the 13 weeks ended May 5, 2018 includes charges of $6.5 million recorded in conjunction with the Company’s restructuring activities. See Note 5 for additional information.



(in millions)	May 4, 2019		February 2, 2019		May 5, 2018
Total assets:
North America segment	$	5,437.4	$	3,943.0	$	4,722.3
International segment	608.1		367.4		401.7
Other	147.8		109.7		148.9
Total assets	$	6,193.3	$	4,420.1	$	5,272.9