Shareholders' equity

6 Months Ended

Aug. 01, 2015

Equity [Abstract]

Shareholders' equity

Shareholders' equity

Share repurchase

			26 weeks ended August 1, 2015					26 weeks ended August 2, 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	628,955	$	81.9	$	130.27	220,132	$	22.4	$	101.57

⁽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 $183.7 million remaining as of August 1, 2015.

Dividends

	Fiscal 2016					Fiscal 2015
(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
Second quarter	$	0.22	$	17.6	(3)	$	0.18	$	14.4	(3)

⁽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⁾  The first quarter Fiscal 2016 $0.22 per share cash dividend was paid on May 27, 2015 in the aggregate amount of $17.6 million.

⁽³⁾  As of August 1, 2015 and August 2, 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 second quarter of Fiscal 2016 and Fiscal 2015, respectively.