Shareholders' equity

3 Months Ended

May 02, 2015

Equity [Abstract]

Shareholders' equity

Shareholders' equity

Share repurchase

			13 weeks ended May 2, 2015						13 weeks ended May 3, 2014
	Amount authorized		Shares repurchased	Amount repurchased			Average repurchase price per share		Shares repurchased	Amount repurchased			Average repurchase price per share
	(in millions)			(in millions)						(in millions)
2013 Program(1)	$	350.0	160,298	$	21.9	(2)	$	136.84	126,468	$	12.9	(2)	$	102.10

⁽¹⁾  On June 14, 2013, the Board authorized the repurchase of up to $350 million of Signet’s common shares (the “2013 Program”). The 2013 Program may be suspended or discontinued at any time without notice. The 2013 Program had $243.7 million remaining as of May 2, 2015.

⁽²⁾  As of May 2, 2015 and May 3, 2014, $2.8 million and $1.5 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting shares repurchased but not yet settled and paid for by the end of the quarter.

Dividends

	May 2, 2015					May 3, 2014
(in millions, except per share amounts)	Cash dividend per share		Total dividends			Cash dividend per share		Total dividends
First quarter(1)	$	0.22	$	17.6	(2)	$	0.18	$	14.4	(2)

⁽¹⁾  Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As a result, the dividend declared in the fourth quarter of Fiscal 2015 of $0.18 per share was paid on February 26, 2015 in the aggregate of $14.4 million.

⁽²⁾  As of May 2, 2015 and May 3, 2014, $17.6 million and $14.4 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the first quarter of Fiscal 2016 and Fiscal 2015, respectively.

Reclassification

During the second quarter of Fiscal 2015, $234.8 million was reclassified from other reserves within shareholders’ equity to retained earnings as the restrictions related to this amount were released. The presentation in previous periods has been adjusted to conform to the current period presentation.