Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

v3.19.1
STOCK-BASED COMPENSATION PLAN (Tables)
12 Months Ended
Feb. 02, 2019
Feb. 03, 2018
Jan. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]      
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Total stock-based compensation expense was recorded in the accompanying consolidated statements of operations as follows:
 
 
Year Ended
 
 
February 2,
 
February 3,
 
January 28,
(in millions)
 
2019
 
2018
 
2017
Cost of sales
 
$
12.1

 
$
12.8

 
$
10.8

Selling, general and administrative expense
 
51.2

 
53.0

 
49.5

Total stock-based compensation expense
 
$
63.3

 
$
65.8

 
$
60.3

   
Schedule of Nonvested Restricted Stock Units Activity    
The following table summarizes the status of RSUs as of February 2, 2019 and changes during the year then ended: 
 
 
Number of Shares
 
Weighted Average Grant Date Fair Value
Nonvested at February 3, 2018
 
1,525,252

 
$
79.37

Granted
 
838,335

 
94.34

Vested
 
(681,202
)
 
79.84

Forfeited
 
(236,285
)
 
84.23

Nonvested at February 2, 2019
 
1,446,100

 
$
86.96

Schedule of Share-based Compensation, Stock Options, Activity  
The following tables summarize information about options outstanding at February 2, 2019 and changes during the year then ended:
 
 
Number of Shares
 
Weighted Average Per Share Exercise Price
 
Weighted Average Remaining Term
 
Aggregate Intrinsic Value
(in millions)
Outstanding, beginning of period
 
523,083

 
$
70.14

 
 
 
 
Granted
 
9,804

 
87.82

 
 
 
 
Exercised
 
(136,073
)
 
54.89

 
 
 
 
Forfeited
 
(29,618
)
 
71.05

 
 
 
 
Outstanding, end of period
 
367,196

 
$
76.17

 
5.94
 
$
5.3

Options vested and exercisable at February 2,
2019
 
230,378

 
$
77.41

 
5.94
 
$
3.0

 
Schedule of options outstanding and exercisable, by range of exercise prices  
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Options Outstanding at February 2, 2019
 
Weighted Average Remaining Contractual Life
 
Weighted Average Exercise Price
 
Options Exercisable at February 2, 2019
 
Weighted Average Exercise Price
$56.90 to $76.72
 
181,940

 
5.61
 
$
73.97

 
46,196

 
$
73.73

$76.73 to $76.97
 
151,404

 
5.70
 
76.97

 
151,404

 
76.97

$76.98 to $79.75
 
12,031

 
6.38
 
78.14

 
10,957

 
78.10

$79.76 to $85.00
 
11,581

 
7.77
 
82.46

 
11,581

 
82.46

$85.01 to $107.31
 
10,240

 
8.82
 
94.02

 
10,240

 
94.02

$56.90 to $107.31
 
367,196

 
5.94
 
$
76.17

 
230,378

 
$
77.41

 
Weighted average assumptions  
The fair value of the employees’ purchase rights is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
 
Fiscal 2018
 
Fiscal 2017
 
Fiscal 2016
Expected term
3 months
 
3 months
 
3 months
Expected volatility
18.8
%
 
10.9
%
 
14.6
%
Annual dividend yield
%
 
%
 
%
Risk free interest rate
1.9
%
 
1.1
%
 
0.4
%
The weighted average assumptions used in the Black-Scholes option pricing model for the officer award granted in 2016 are as follows:
 
 
Fiscal 2016
Expected term in years
 
6.50

Expected volatility
 
24.51
%
Annual dividend yield
 
%
Risk free interest rate
 
2.09
%
Weighted-average fair value of options granted
    during the period
 
$
22.10