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Share-Based Compensation (Tables)

12 Months Ended

Jan. 30, 2016

Share-based compensation expense and the associated tax benefits are as follows:



(in millions)	Fiscal 2016			Fiscal 2015			Fiscal 2014
Share-based compensation expense	$	16.4		$	12.1		$	14.4
Income tax benefit	$	(5.9	)	$	(4.3	)	$	(5.2	)

Unrecognized compensation cost related to unvested awards granted under share-based compensation plans is as follows:



	Unrecognized Compensation Cost
(in millions)	Fiscal 2016		Fiscal 2015		Fiscal 2014
Omnibus Plan	$	19.0	$	10.5	$	14.4
Share Saving Plans	4.4		3.3		2.9
IIP grant	—		4.0		—
Total	$	23.4	$	17.8	$	17.3
Weighted average period of amortization	1.9 years		1.7 years		1.8 years

The significant assumptions utilized to estimate the weighted-average fair value of awards granted under the Omnibus Plan are as follows:

The Fiscal 2016 activity for awards granted under the Omnibus Plan is as follows:



	Omnibus Plans
(in millions, except per share amounts)	No. of shares		Weighted average grant date fair value		Weighted average remaining contractual life	Intrinsic value⁽¹⁾
Outstanding at January 31, 2015	0.7		$	70.69	1.0 year	$	78.6
Fiscal 2016 activity:
Granted	0.2		134.46
Vested	(0.2	)	49.29
Lapsed	(0.1	)	66.54
Outstanding at January 30, 2016	0.6		$	101.88	1.1 years	$	69.8


⁽¹⁾	Intrinsic value for outstanding restricted stock and RSUs is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.

The following table summarizes additional information about awards granted under the Omnibus Plan:



(in millions)	Fiscal 2016		Fiscal 2015		Fiscal 2014
Total intrinsic value of awards vested	$	22.2	$	43.9	$	25.3

The Fiscal 2016 activity for awards granted under the Executive Plans is as follows:



	Executive Plans
(in millions, except per share amounts)	No. of shares		Weighted average exercise price		Weighted average remaining contractual life	Intrinsic value⁽¹⁾
Outstanding at January 31, 2015	0.1		$	35.56	2.7 years	$	4.7
Fiscal 2016 activity:
Granted	—		—
Exercised	(0.1	)	$	30.60
Lapsed	—		49.80
Outstanding at January 30, 2016	—		$	43.50	1.5 years	$	1.5
Exercisable at January 31, 2015	0.1		$	35.56		$	4.7
Exercisable at January 30, 2016	—		$	43.50		$	1.5

⁽¹⁾Intrinsic value for outstanding awards is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.

The following table summarizes additional information about awards granted under the Executive Plans:



(in millions)	Fiscal 2016		Fiscal 2015		Fiscal 2014
Total intrinsic value of options exercised	$	3.4	$	2.9	$	4.8
Cash received from share options exercised	$	1.0	$	1.8	$	6.3

The significant assumptions utilized to estimate the weighted-average fair value of awards granted under the Share Saving Plans are as follows:

The Fiscal 2016 activity for awards granted under the Share Saving Plans is as follows:



	Share Saving Plans
(in millions, except per share amounts)	No. of shares		Weighted average exercise price		Weighted average remaining contractual life	Intrinsic value⁽¹⁾
Outstanding at January 31, 2015	0.2		$	69.05	1.9 years	$	11.0
Fiscal 2016 activity:
Granted	0.1		114.67
Exercised	(0.1	)	51.17
Lapsed	—		81.83
Outstanding at January 30, 2016	0.2		$	94.07	1.9 years	$	4.9
Exercisable at January 31, 2015	—		$	—		$	—
Exercisable at January 30, 2016	—		$	—		$	—

⁽¹⁾Intrinsic value for outstanding awards is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.

The following table summarizes additional information about awards granted under the Share Saving Plans:



(in millions, except per share amounts)	Fiscal 2016		Fiscal 2015		Fiscal 2014
Weighted average grant date fair value per share of awards granted	$	34.76	$	28.76	$	22.89
Total intrinsic value of options exercised	$	6.4	$	11.0	$	4.9
Cash received from share options exercised	$	4.0	$	4.3	$	2.9