STOCK-BASED COMPENSATION PLAN (Tables)
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12 Months Ended |
Jan. 30, 2016 |
Jan. 31, 2015 |
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Schedule of Nonvested Restricted Stock Units Activity |
The following table summarizes the status of RSUs as of January 30, 2016, and changes during the year then ended:
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Shares |
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Weighted
Average
Grant
Date Fair
Value
|
Nonvested at January 31, 2015 |
1,583,280 |
|
|
$ |
48.48 |
|
Outstanding Family Dollar RSUs converted in connection with the Acquisition |
132,896 |
|
|
80.08 |
|
Granted |
648,211 |
|
|
80.67 |
|
Vested |
(727,518 |
) |
|
50.61 |
|
Forfeited |
(67,448 |
) |
|
69.10 |
|
Nonvested at January 30, 2016 |
1,569,421 |
|
|
$ |
63.24 |
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| Schedule of Share-based Compensation, Stock Options, Activity |
The following tables summarize information about options outstanding at January 30, 2016 and changes during the year then ended.
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Stock Option Activity |
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January 30, 2016 |
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Weighted |
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Average |
|
Weighted |
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Aggregate |
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Per Share |
|
Average |
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Intrinsic |
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|
Exercise |
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Remaining |
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Value (in |
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|
Shares |
|
Price |
|
Term |
|
millions) |
Outstanding, beginning of period |
|
491,233 |
|
|
$ |
15.29 |
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Outstanding Family Dollar options converted |
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in connection with the Acquisition |
|
1,437,530 |
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|
67.87 |
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Granted |
|
9,158 |
|
|
76.10 |
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|
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|
Exercised |
|
(298,114 |
) |
|
29.39 |
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Forfeited |
|
(89,808 |
) |
|
72.12 |
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|
Outstanding, end of period |
|
1,549,999 |
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|
$ |
58.41 |
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|
2.0 |
|
$ |
35.5 |
|
Options vested |
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at January 30, 2016 |
|
1,036,765 |
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|
$ |
51.50 |
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|
1.7 |
|
$ |
30.9 |
|
Options exercisable at end of period |
|
1,036,765 |
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|
$ |
51.50 |
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|
1.7 |
|
$ |
30.9 |
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| Schedule of options outstanding and exercisable, by range of exercise prices |
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Options Outstanding |
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Options Exercisable |
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|
Options |
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Options |
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Range of |
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Outstanding |
|
Weighted Avg. |
|
Weighted Avg. |
|
Exercisable |
|
Weighted Avg. |
Exercise |
|
at January 30, |
|
Remaining |
|
Exercise |
|
at January 30, |
|
Exercise |
Prices |
|
2016 |
|
Contractual Life |
|
Price |
|
2016 |
|
Price |
$8.64 to $13.90 |
|
205,519 |
|
|
1.8 |
|
$ |
10.72 |
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|
205,519 |
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|
$ |
10.72 |
|
$13.91 to $48.30 |
|
75,908 |
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|
4.9 |
|
26.02 |
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|
75,908 |
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|
26.02 |
|
$48.31 to $58.97 |
|
213,104 |
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|
2.7 |
|
52.06 |
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|
206,436 |
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|
51.89 |
|
$58.98 to $68.92 |
|
679,606 |
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1.3 |
|
68.27 |
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|
432,344 |
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|
68.38 |
|
$68.93 to $81.30 |
|
375,862 |
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2.7 |
|
76.80 |
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|
116,558 |
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|
76.64 |
|
$8.64 to $81.30 |
|
1,549,999 |
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|
2.0 |
|
$ |
58.41 |
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|
1,036,765 |
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$ |
51.50 |
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| 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:
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Fiscal 2015 |
|
Fiscal 2014 |
|
Fiscal 2013 |
Expected term |
3 months |
|
3 months |
|
3 months |
Expected volatility |
13.2 |
% |
|
8.8 |
% |
|
11.6 |
% |
Annual dividend yield |
— |
% |
|
— |
% |
|
— |
% |
Risk free interest rate |
0.2 |
% |
|
— |
% |
|
— |
% |
|
The weighted average assumptions used in the Black-Scholes option pricing model for converted awards in 2015 are as follows.
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Fiscal 2015 |
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Expected term in years |
|
2.03 |
|
|
Expected volatility |
|
20.77 |
% |
|
Annual dividend yield |
|
— |
% |
|
Risk free interest rate |
|
0.60 |
% |
|
Weighted-average fair value of |
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|
options granted during the period |
|
$ |
23.15 |
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