Accounts Receivable, Net (Tables)

3 Months Ended

Apr. 30, 2022

Receivables [Abstract]

Accounts Receivable By Portfolio Segment

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

(in millions)	April 30, 2022		January 29, 2022		May 1, 2021
Customer in-house finance receivables, net	$	—	$	—	$	61.5
Accounts receivable, trade	17.1		18.3		9.5
Accounts receivable, held for sale	—		1.6		7.9
Accounts receivable, net	$	17.1	$	19.9	$	78.9

Financing Receivable Credit Quality Indicators

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

(in millions)	May 1, 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:

	13 weeks ended
(in millions)	May 1, 2021
Beginning balance	$	25.5
Provision for credit losses	(1.2)
Write-offs	(2.9)
Ending balance	$	21.4

Financing Receivable, Past Due

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

(in millions)	May 1, 2021
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