Pensions

9 Months Ended

Oct. 27, 2012

Pensions

9. Pensions

Signet operates a defined benefit pension plan in the UK (the “UK Plan”). The components of net periodic pension cost were as follows:

	13 weeks ended						39 weeks ended
(in millions)	October 27, 2012			October 29, 2011			October 27, 2012			October 29, 2011
Components of net periodic pension cost:
Service cost	$	0.9		$	1.1		$	2.7		$	3.6
Interest cost		2.4			2.7			7.1			8.1
Expected return on UK Plan assets		(2.9	)		(3.5	)		(8.6	)		(10.5	)
Amortization of unrecognized prior service credit		(0.4	)		(0.2	)		(1.2	)		(0.7	)
Amortization of unrecognized actuarial loss		0.8			0.7			2.4			2.0
Net periodic pension cost	$	0.8		$	0.8		$	2.4		$	2.5

In the 39 weeks ended October 27, 2012, Signet contributed $10.3 million to the UK Plan and expects to contribute a minimum aggregate of $13.7 million at current exchange rates to the UK Plan in Fiscal 2013. These contributions are in accordance with a deficit recovery plan that was in response to the funding deficit indicated by the April 5, 2009 actuarial valuation.