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Share-Based Compensation (Tables)
 12 Months Ended
Feb. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
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 2020
 
Fiscal 2019
 
Fiscal 2018
Share-based compensation expense
$
16.9

 
$
16.5

 
$
16.1

Income tax benefit
$
(4.2
)
 
$
(4.1
)
 
$
(5.3
)
Summary of Unrecognized Compensation Cost Related to Outstanding Awards
As of February 1, 2020, 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
$
21.8

 
1.7 years
Share Saving Plans
0.4

 
1.2 years
Total
$
22.2

 
Omnibus Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Significant Assumptions Utilized to Estimate Weighted-Average Fair Value of Awards Granted
The significant assumptions utilized to estimate the weighted-average fair value of restricted stock and RSU awards granted under the Omnibus Plans are as follows:
 
Omnibus Plan
 
Fiscal 2020
 
Fiscal 2019
 
Fiscal 2018
Share price
$
20.76

 
$
41.36

 
$
65.74

Expected term
2.8 years

 
2.8 years

 
2.7 years

Dividend yield
7.5
%
 
3.6
%
 
2.1
%
Fair value
$
18.14

 
$
38.57

 
$
63.42

The significant assumptions utilized to estimate the weighted-average fair value of stock options granted under the Omnibus Plans are as follows:
 
Fiscal 2020
 
Fiscal 2019
Share price
$
22.17

 
$
40.09

Exercise price
$
25.18

 
$
39.72

Risk free interest rate
2.4
%
 
2.9
%
Expected term
6.0 years

 
6.5 years

Expected volatility
42.7
%
 
37.6
%
Dividend yield
6.7
%
 
3.7
%
Fair value
$
4.27

 
$
11.21
Activity for Awards Granted Under the Plan
The Fiscal 2020 activity for stock options granted under the Omnibus Plans is as follows:
 
Omnibus Plans
(in millions, except per share amounts)
No. of
shares
 
Weighted
average
exercise
price
 
Weighted
average
remaining
contractual
life
 
Intrinsic
value(1)
Outstanding at February 2, 2019
0.8

 
$
39.72

 
9.2 years
 
$
—

Fiscal 2020 activity:
 
 
 
 
 
 
 
Granted
0.1

 
25.18

 
 
 
 
Exercised
—

 
—

 
 
 
 
Lapsed
(0.2
)
 
39.72

 
 
 
 
Outstanding at February 1, 2020
0.7

 
$
39.13

 
8.3 years
 
$
—

(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.
The Fiscal 2020 activity for restricted stock and RSU awards granted under the Omnibus Plans is as follows:
 
Omnibus Plans
(in millions, except per share amounts)
No. of
shares
 
Weighted
average
grant date
fair value
 
Weighted
average
remaining
contractual
life
 
Intrinsic
value(1)
Outstanding at February 2, 2019
1.6

 
$
54.08

 
1.5 years
 
$
39.9

Fiscal 2020 activity:
 
 
 
 
 
 
 
Granted
1.6

 
18.14

 
 
 
 
Vested
(0.2
)
 
58.24

 
 
 
 
Lapsed
(0.2
)
 
80.47

 
 
 
 
Outstanding at February 1, 2020
2.8

 
$
31.04

 
1.5 years
 
$
66.9

(1) 
Intrinsic value for outstanding restricted stock and RSUs is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.
Summary of Additional Information about Awards Granted
The following table summarizes additional information about awards granted under the Omnibus Plan:
(in millions)
Fiscal 2020
 
Fiscal 2019
 
Fiscal 2018
Total intrinsic value of awards vested
$
3.5

 
$
6.8

 
$
7.1
Saving Share Plans  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Significant Assumptions Utilized to Estimate Weighted-Average Fair Value of Awards Granted
The significant assumptions utilized to estimate the weighted-average fair value of awards granted under the Share Saving Plans are as follows:
 
Share Saving Plans
 
Fiscal 2019
 
Fiscal 2018
Share price
$
58.50

 
$
59.84

Exercise price
$
57.97

 
$
52.00

Risk free interest rate
3.0
%
 
1.2
%
Expected term
3.7 years

 
2.7 years

Expected volatility
44.4
%
 
37.0
%
Dividend yield
2.6
%
 
2.7
%
Fair value
$
18.07

 
$
15.22
Activity for Awards Granted Under the Plan
The Fiscal 2020 activity for awards granted under the Share Saving Plans is as follows:
 
Share Saving Plans
(in millions, except per share amounts)
No. of
shares
 
Weighted
average
exercise
price
 
Weighted
average
remaining
contractual
life
 
Intrinsic
value(1)
Outstanding at February 2, 2019
0.2

 
$
54.80

 
1.5 years
 
$
—

Fiscal 2020 activity:
 
 
 
 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
—

 
—

 
 
 
 
Lapsed
(0.1
)
 
57.62

 
 
 
 
Outstanding at February 1, 2020
0.1

 
$
54.78

 
1.1 years
 
$
—

Exercisable at February 2, 2019
—

 
$
—

 
 
 
$
—

Exercisable at February 1, 2020
—

 
$
—

 
 
 
$
—

(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.
Summary of Additional Information about Awards Granted
The following table summarizes additional information about awards granted under the Share Saving Plans:
(in millions, except per share amounts)
Fiscal 2019
 
Fiscal 2018
Weighted average grant date fair value per share of awards granted
$
18.07

 
$
15.22

Total intrinsic value of options exercised
$
—

 
$
0.1

Cash received from share options exercised
$
—

 
$
0.3