Accounts receivable, net (Tables)

9 Months Ended

Oct. 30, 2021

Receivables [Abstract]

Accounts Receivable By Portfolio Segment

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

(in millions)	October 30, 2021		January 30, 2021		October 31, 2020
Customer in-house finance receivables, net	$	—	$	72.0	$	39.6
Accounts receivable, trade	17.0		11.6		13.2
Accounts receivable, held for sale	2.3		5.1		5.5
Accounts receivable, net	$	19.3	$	88.7	$	58.3

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		October 31, 2020
Near Prime	$	46.6	$	26.4
Subprime	38.9		21.8
Deep Subprime	12.0		6.0
Total at amortized cost	$	97.5	$	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:

	13 weeks ended				39 weeks ended
(in millions)	October 30, 2021		October 31, 2020		October 30, 2021		October 31, 2020
Balance at beginning of period	$	—	$	7.1	$	25.5	$	—
Provision for credit losses	(0.6)		7.5		(1.0)		14.6
Write-offs	—		—		(5.5)		—
Recoveries	0.6		—		0.6		—
Reversal of allowance on receivables sold	—		—		(19.6)		—
Balance at end of period	$	—	$	14.6	$	—	$	14.6

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		October 31, 2020
Current	$	81.3	$	47.6
1 - 30 days past due	9.1		4.0
31 - 60 days past due	2.6		1.5
61 - 90 days past due	1.7		0.7
Greater than 90 days past due	2.8		0.4
Total at amortized cost	$	97.5	$	54.2