Accounts receivable (Tables)

6 Months Ended

Aug. 01, 2020

Receivables [Abstract]

Accounts Receivable By Portfolio Segment

The following table presents the components of Signet’s accounts receivable:

(in millions)	August 1, 2020		February 1, 2020		August 3, 2019
Customer in-house finance receivables, net	$	17.2	$	—	$	—
Accounts receivable, trade	8.5		34.4		16.3
Accounts receivable, held for sale	5.8		4.4		5.5
Accounts receivable, net	$	31.5	$	38.8	$	21.8

Financing Receivable Credit Quality Indicators

The following table disaggregates the Company’s customer in-house finance receivables by credit quality and vintage year as of August 1, 2020:

(in millions)	Year of origination
Credit quality	Fiscal 2021
Near Prime	$	10.9
Subprime	10.7
Deep Subprime	2.7
Total at amortized cost	$	24.3

Financing Receivable, Allowance for Credit Loss

The following table is a rollforward of the Company’s allowance for credit losses on customer in-house finance receivables:

(in millions)
Balance at February 1, 2020	$	—
Provision for credit losses	7.1
Write-offs	—
Recoveries	—
Balance at August 1, 2020	$	7.1

Financing Receivable, Past Due

The following table disaggregates the Company’s customer in-house finance receivables by past due status as of August 1, 2020:

(in millions)
Current	$	23.2
1 - 30 days past due	1.0
31 - 60 days past due	0.1
Total at amortized cost	$	24.3