Revenue recognition (Tables)

3 Months Ended

May 04, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide the Company’s revenue, disaggregated by banner, major product and channel, for the 13 weeks ended May 4, 2019 and May 5, 2018:

	13 weeks ended May 4, 2019								13 weeks ended May 5, 2018
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by banner:
Kay	$	574.8	$	—	$	—	$	574.8	$	583.2	$	—	$	—	$	583.2
Zales	285.0		—		—		285.0		298.1		—		—		298.1
Jared	255.0		—		—		255.0		267.5		—		—		267.5
Piercing Pagoda	82.6		—		—		82.6		74.4		—		—		74.4
James Allen	52.0		—		—		52.0		53.3		—		—		53.3
Peoples	41.7		—		—		41.7		46.7		—		—		46.7
Regional banners	9.2		—		—		9.2		24.6		—		—		24.6
International segment	—		111.5		—		111.5		—		128.7		—		128.7
Other(1)	—		—		19.9		19.9		—		—		4.1		4.1
Total sales	$	1,300.3	$	111.5	$	19.9	$	1,431.7	$	1,347.8	$	128.7	$	4.1	$	1,480.6

⁽¹⁾   Includes sales from Signet’s diamond sourcing initiative.

	13 weeks ended May 4, 2019								13 weeks ended May 5, 2018
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by product:
Bridal	$	594.7	$	48.6	$	—	$	643.3	$	617.9	$	55.6	$	—	$	673.5
Fashion	467.4		22.4		—		489.8		461.1		25.9		—		487.0
Watches	48.2		34.0		—		82.2		52.2		39.1		—		91.3
Other(1)	190.0		6.5		19.9		216.4		216.6		8.1		4.1		228.8
Total sales	$	1,300.3	$	111.5	$	19.9	$	1,431.7	$	1,347.8	$	128.7	$	4.1	$	1,480.6

⁽¹⁾   Other revenue primarily includes gift, beads and other miscellaneous jewelery sales, repairs, warranty and other miscellaneous non-jewelry sales.

	13 weeks ended May 4, 2019								13 weeks ended May 5, 2018
(in millions)	North America		International		Other		Consolidated		North America		International		Other		Consolidated
Sales by channel:
Store	$	1,157.3	$	100.2	$	—	$	1,257.5	$	1,213.7	$	116.3	$	—	$	1,330.0
E-commerce	143.0		11.3		—		154.3		134.1		12.4		—		146.5
Other	—		—		19.9		19.9		—		—		4.1		4.1
Total sales	$	1,300.3	$	111.5	$	19.9	$	1,431.7	$	1,347.8	$	128.7	$	4.1	$	1,480.6

Other Assets

Unamortized deferred selling costs as of May 4, 2019, February 2, 2019 and May 5, 2018 were as follows:

(in millions)	May 4, 2019		February 2, 2019		May 5, 2018
Deferred ESP selling costs
Other current assets	$	23.8	$	23.8	$	30.6
Other assets	76.4		75.4		89.2
Total deferred ESP selling costs	$	100.2	$	99.2	$	119.8

Deferred Revenue

Deferred revenue is comprised primarily of ESP and sale voucher promotions and other as follows:

(in millions)	May 4, 2019		February 2, 2019		May 5, 2018
ESP deferred revenue	$	931.3	$	927.6	$	913.5
Voucher promotions and other	45.3		38.9		38.9
Total deferred revenue	$	976.6	$	966.5	$	952.4
Disclosed as:
Current liabilities	$	277.0	$	270.0	$	284.9
Non-current liabilities	699.6		696.5		667.5
Total deferred revenue	$	976.6	$	966.5	$	952.4

	13 weeks ended
(in millions)	May 4, 2019			May 5, 2018
ESP deferred revenue, beginning of period	$	927.6		$	916.1
Plans sold(1)	96.0			96.0
Revenue recognized	(92.3		)	(98.6		)
ESP deferred revenue, end of period	$	931.3		$	913.5

⁽¹⁾  Includes impact of foreign exchange translation.