Accounts receivable, net (Tables)

3 Months Ended

May 01, 2021

Receivables [Abstract]

Accounts Receivable By Portfolio Segment

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

(in millions)	May 1, 2021		January 30, 2021		May 2, 2020
Customer in-house finance receivables, net	$	61.5	$	72.0	$	—
Accounts receivable, trade	9.5		11.6		27.8
Accounts receivable, held for sale	7.9		5.1		2.0
Accounts receivable, net	$	78.9	$	88.7	$	29.8

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 May 1, 2021:

(in millions)	Year of origination
Credit quality	Fiscal 2021
Near Prime	$	46.0
Subprime	26.2
Deep Subprime	10.7
Total at amortized cost	$	82.9

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 January 30, 2021	$	25.5
Provision for credit losses	(1.2)
Write-offs	(2.9)
Balance at May 1, 2021	$	21.4

Financing Receivable, Past Due

The following table disaggregates the Company’s customer in-house finance receivables by past due status as of May 1, 2021:

(in millions)
Current	$	69.2
1 - 30 days past due	5.4
31 - 60 days past due	1.9
61 - 90 days past due	1.9
Greater than 90 days past due	4.5
Total at amortized cost	$	82.9