Accounts receivable (Tables)

9 Months Ended

Oct. 31, 2020

Receivables [Abstract]

Accounts Receivable By Portfolio Segment

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

(in millions)	October 31, 2020		February 1, 2020		November 2, 2019
Customer in-house finance receivables, net	$	39.6	$	—	$	—
Accounts receivable, trade	13.2		34.4		16.4
Accounts receivable, held for sale	5.5		4.4		4.4
Accounts receivable, net	$	58.3	$	38.8	$	20.8

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 October 31, 2020:

(in millions)	Year of origination
Credit quality	Fiscal 2021
Near Prime	$	26.4
Subprime	21.8
Deep Subprime	6.0
Total at amortized cost	$	54.2

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	14.6
Write-offs	—
Recoveries	—
Balance at October 31, 2020	$	14.6

Financing Receivable, Past Due

The following table disaggregates the Company’s customer in-house finance receivables by past due status as of October 31, 2020:

(in millions)
Current	$	47.6
1 - 30 days past due	4.0
31 - 60 days past due	1.5
61 - 90 days past due	0.7
Greater than 90 days past due	0.4
Total at amortized cost	$	54.2