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Segment information
9 Months Ended
Oct. 29, 2016
Segment Reporting [Abstract]  
Segment information
Segment information
Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker utilizes sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. Signet’s sales are derived from the retailing of jewelry, watches, other products and services as generated through the management of its five reportable segments: the Sterling Jewelers division, the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments, the UK Jewelry division and Other.
The Sterling Jewelers division operates in all 50 US states. Its stores operate nationally in malls and off-mall locations principally as Kay Jewelers (“Kay”), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (“Jared”) and Jared Vault. The division also operates a variety of mall-based regional brands.
The Zale division operates jewelry stores (Zale Jewelry) and kiosks (Piercing Pagoda), located primarily in shopping malls throughout the US, Canada and Puerto Rico. Zale Jewelry includes the US store brand Zales (Zales Jewelers and Zales Outlet), which operates in all 50 US states, and the Canadian store brand Peoples Jewellers, which operates in nine provinces. The division also operates regional brands Gordon’s Jewelers and Mappins. Piercing Pagoda operates through mall-based kiosks.
The UK Jewelry division operates stores in the UK, Republic of Ireland and Channel Islands. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally as H.Samuel and Ernest Jones.
The Other reportable segment consists of all non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones, that are below the quantifiable threshold for separate disclosure as a reportable segment and unallocated corporate administrative functions.
 
13 weeks ended
 
39 weeks ended
(in millions)
October 29, 2016
 
October 31, 2015
 
October 29, 2016
 
October 31, 2015
Sales:
 
 
 
 
 
 
 
Sterling Jewelers
$
712.5

 
$
733.5

 
$
2,532.3

 
$
2,536.2

Zale Jewelry
282.4

 
281.9

 
994.8

 
991.2

Piercing Pagoda
53.4

 
48.0

 
179.4

 
165.1

UK Jewelry
130.3

 
149.4

 
419.5

 
455.0

Other
7.6

 
3.6

 
12.5

 
10.1

Total sales
$
1,186.2

 
$
1,216.4

 
$
4,138.5

 
$
4,157.6

 
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Sterling Jewelers
$
78.6

 
$
77.2

 
$
417.8

 
$
413.2

Zale Jewelry(1)
(19.3
)
 
(18.3
)
 
(0.5
)
 
(9.9
)
Piercing Pagoda(2)
(5.4
)
 
(6.0
)
 
2.2

 
(1.0
)
UK Jewelry

 

 
3.0

 
3.7

Other(3)
(21.8
)
 
(19.3
)
 
(58.5
)
 
(95.4
)
Total operating income
$
32.1

 
$
33.6

 
$
364.0

 
$
310.6

(1) 
Includes net operating loss of $3.7 million and $13.2 million related to the effects of purchase accounting associated with the acquisition of Zale Corporation for the 13 and 39 weeks ended October 29, 2016 and $3.6 million and $17.1 million for the 13 and 39 weeks ended October 31, 2015, respectively.
(2) 
Includes net operating loss of $0.1 million and $0.3 million related to the effects of purchase accounting associated with the acquisition of Zale Corporation for the 13 and 39 weeks ended October 29, 2016 and $0.1 million and $3.1 million for the 13 and 39 weeks ended October 31, 2015, respectively.
(3) 
Includes $7.9 million and $18.5 million for the 13 and 39 weeks ended October 29, 2016 of integration costs for consulting services associated with IT implementations and severance related to organizational changes. Includes $9.8 million and $59.8 million for the 13 and 39 weeks ended October 31, 2015 of transaction and integration expenses primarily attributable to the legal settlement over appraisal rights and expenses associated with legal, tax, accounting and consulting services.
(in millions)
October 29, 2016
 
January 30, 2016
 
October 31, 2015
Total assets:
 
 
 
 
 
Sterling Jewelers
$
3,715.6

 
$
3,788.0

 
$
3,586.7

Zale Jewelry
2,061.7

 
1,955.1

 
1,977.6

Piercing Pagoda
136.1

 
141.8

 
135.4

UK Jewelry
407.1

 
427.8

 
470.5

Other
167.0

 
152.2

 
155.7

Total assets
$
6,487.5

 
$
6,464.9

 
$
6,325.9