Pension plans

Signet operates a defined benefit pension plan in the UK (the “UK Plan”) for participating eligible employees of the UK Jewelry division. The components of net periodic pension benefit for the UK Plan are as follows:



	13 weeks ended
(in millions)	April 30, 2016			May 2, 2015
Components of net periodic pension benefit (cost):
Service cost	$	(0.5	)	$	(0.6	)
Interest cost	(1.9		)	(1.9		)
Expected return on UK Plan assets	2.7			2.8
Amortization of unrecognized actuarial losses	(0.4		)	(0.8		)
Amortization of unrecognized net prior service credits	0.5			0.5
Net periodic pension benefit	$	0.4		$	—

In the 13 weeks ended April 30, 2016, Signet contributed $0.5 million to the UK Plan and expects to contribute a minimum of $2.6 million at current exchange rates to the UK Plan in Fiscal 2017. The level of contributions is in accordance with an agreed upon deficit recovery plan and based on the results of the actuarial valuation as of April 5, 2015.