Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

v3.7.0.1
STOCK-BASED COMPENSATION PLAN (Tables)
12 Months Ended
Jan. 28, 2017
Jan. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Nonvested Restricted Stock Units Activity  
The following table summarizes the status of RSUs as of January 28, 2017, and changes during the year then ended: 
 
 
Shares
 
Weighted
Average
Grant
Date Fair
Value
Nonvested at January 30, 2016
 
1,569,421

 
$
63.24

Granted
 
897,479

 
80.13

Vested
 
(697,780
)
 
60.83

Forfeited
 
(149,619
)
 
76.45

Nonvested at January 28, 2017
 
1,619,501

 
$
73.43

Schedule of Share-based Compensation, Stock Options, Activity
The following tables summarize information about options outstanding at January 28, 2017 and changes during the year then ended.
Stock Option Activity
 
 
January 28, 2017
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
Average
 
Weighted
 
Aggregate
 
 
 
 
Per Share
 
Average
 
Intrinsic
 
 
 
 
Exercise
 
Remaining
 
Value
 
 
Shares
 
Price
 
Term
 
(in millions)
Outstanding, beginning of period
 
1,549,999

 
$
58.41

 
 
 
 
Granted
 
189,543

 
74.45

 
 
 
 
Exercised
 
(613,013
)
 
54.73

 
 
 
 
Forfeited
 
(85,094
)
 
72.73

 
 
 
 
Outstanding, end of period
 
1,041,435

 
$
62.38

 
1.3
 
$
12.2

Options vested at January 28, 2017
 
664,854

 
$
55.97

 
1.2
 
$
12.0

Options exercisable at end of period
 
664,854

 
$
55.97

 
1.2
 
$
12.0

 
Schedule of options outstanding and exercisable, by range of exercise prices
 
 
Options Outstanding
 
Options Exercisable
 
 
Options
 
 
 
 
 
Options
 
 
Range of
 
Outstanding
 
Weighted Avg.
 
Weighted Avg.
 
Exercisable
 
Weighted Avg.
Exercise
 
at January 28,
 
Remaining
 
Exercise
 
at January 28,
 
Exercise
Prices
 
2017
 
Contractual Life
 
Price
 
2017
 
Price
$8.91 to $12.66
 
134,627

 
1.2
 
$
10.67

 
134,627

 
$
10.67

$12.67 to $48.30
 
47,807

 
4.6
 
32.36

 
47,807

 
32.36

$48.31 to $58.58
 
25,462

 
2.5
 
55.03

 
22,691

 
54.72

$58.59 to $70.71
 
365,014

 
0.6
 
68.41

 
290,657

 
68.48

$70.72 to $93.78
 
468,525

 
2.0
 
76.01

 
169,072

 
77.37

$8.91 to $93.78
 
1,041,435

 
1.3
 
$
59.93

 
664,854

 
$
55.97

 
Weighted average assumptions
The weighted average assumptions used in the Black-Scholes option pricing model for awards granted to certain officers in 2016 and converted awards in 2015 are as follows:
 
 
Fiscal 2016
 
Fiscal 2015
Expected term in years
 
6.50

 
2.03

Expected volatility
 
24.51
%
 
20.77
%
Annual dividend yield
 
%
 
%
Risk free interest rate
 
2.09
%
 
0.60
%
Weighted-average fair value of options granted
    during the period
 
$
22.10

 
$
23.15

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 2016
 
Fiscal 2015
 
Fiscal 2014
Expected term
3 months
 
3 months
 
3 months
Expected volatility
14.6
%
 
13.2
%
 
8.8
%
Annual dividend yield
%
 
%
 
%
Risk free interest rate
0.4
%
 
0.2
%
 
%