XML 44 R33.htm IDEA: XBRL DOCUMENT v3.4.0.3
Shareholders' equity (Tables)
3 Months Ended
Apr. 30, 2016
Equity [Abstract]  
Class of Treasury Stock
Share repurchases
 
 
 
13 weeks ended April 30, 2016
 
13 weeks ended May 2, 2015
 
Amount
authorized
 
Shares
repurchased
 
Amount
repurchased
 
Average
repurchase
price per
share
 
Shares
repurchased
 
Amount
repurchased
 
Average
repurchase
price per
share
(in millions, except per share amounts)

 
 
 

 
 
 
 
 

 
 
2013 Program(1)
$
350.0

 
1.1

 
$
125.0


$
111.45

 
0.2

 
$
21.9

(2) 
$
136.84

(1) 
On June 14, 2013, the Board of Directors 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 $10.6 million remaining as of April 30, 2016.
(2) 
As of May 2, 2015, $2.8 million was recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheet reflecting shares repurchased but not yet settled and paid for by the end of the quarter.
Schedule of Dividends
Dividends
 
Fiscal 2017
 
Fiscal 2016
(in millions, except per share amounts)
Cash dividend per share
 
Total
dividends
 
Cash dividend
per share
 
Total
dividends
First quarter(1)
$
0.26

 
$
20.4

 
$
0.22

 
$
17.6

(1) 
Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of April 30, 2016 and May 2, 2015, $20.4 million and $17.6 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 2017 and Fiscal 2016, respectively.