Accounts receivable, net (Tables)

6 Months Ended

Jul. 31, 2021

Receivables [Abstract]

Accounts Receivable By Portfolio Segment

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

(in millions)	July 31, 2021		January 30, 2021		August 1, 2020
Customer in-house finance receivables, net	$	—	$	72.0	$	17.2
Accounts receivable, trade	10.7		11.6		8.5
Accounts receivable, held for sale	3.2		5.1		5.8
Accounts receivable, net	$	13.9	$	88.7	$	31.5

Financing Receivable Credit Quality Indicators

The following table disaggregates the Company’s customer in-house finance receivables by credit quality:

(in millions)	January 30, 2021		August 1, 2020
Near Prime	$	46.6	$	10.9
Subprime	38.9		10.7
Deep Subprime	12.0		2.7
Total at amortized cost	$	97.5	$	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:

	13 weeks ended				26 weeks ended
(in millions)	July 31, 2021		August 1, 2020		July 31, 2021		August 1, 2020
Balance at beginning of period	$	21.4	$	—	$	25.5	$	—
Provision for credit losses	0.8		7.1		(0.4)		7.1
Write-offs	(2.6)		—		(5.5)		—
Reversal of allowance on receivables sold	(19.6)		—		(19.6)		—
Balance at end of period	$	—	$	7.1	$	—	$	7.1

Financing Receivable, Past Due

The following table disaggregates the Company’s customer in-house finance receivables by past due status:

(in millions)	January 30, 2021		August 1, 2020
Current	$	81.3	$	23.2
1 - 30 days past due	9.1		1.0
31 - 60 days past due	2.6		0.1
61 - 90 days past due	1.7		—
Greater than 90 days past due	2.8		—
Total at amortized cost	$	97.5	$	24.3