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Stock Incentive Plan (Tables) | 12 Months Ended
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Jan. 30, 2016
Schedule of Estimated Fair Value of Options as of Grant Date by Using Black-Scholes Option Pricing Model | The fair value of options is estimated as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:
|  | Fiscal Year Ended |
|  | January 30, 2016 |  |  | January 31, 2015 |  |  | February 1, 2014 |
Risk-free interest rate |  |  | 1.50 | % |  |  | 1.79 | % |  |  | 1.42 | %
Dividend yield |  |  | 1.2 | % |  |  | 1.2 | % |  |  | 1.0 | %
Expected volatility factor |  |  | 24.4 | % |  |  | 24.2 | % |  |  | 25.9 | %
Expected option life in years |  |  | 4.5 |  |  |  | 4.5 |  |  |  | 4.4 |
Weighted average fair value of options issued |  | $ | 14.48 |  |  | $ | 12.00 |  |  | $ | 11.92 |
Schedule of Stock Options and Related Weighted Average Exercise Prices | Stock Options: A summary of the status of TJX’s stock options and related weighted average exercise prices (WAEP) is presented below (shares in thousands):
|  | Fiscal Year Ended |
|  | January 30, 2016 |  |  | January 31, 2015 |  |  | February 1, 2014 |
|  | Options |  |  | WAEP |  |  | Options |  |  | WAEP |  |  | Options |  |  | WAEP |
Outstanding at beginning of year |  |  | 30,078 |  |  | $ | 34.91 |  |  |  | 32,628 |  |  | $ | 28.30 |  |  |  | 36,620 |  |  | $ | 22.31 |
Granted |  |  | 4,169 |  |  |  | 72.54 |  |  |  | 4,849 |  |  |  | 59.70 |  |  |  | 4,742 |  |  |  | 56.71 |
Exercised |  |  | (5,124 | ) |  |  | 25.87 |  |  |  | (6,981 | ) |  |  | 20.39 |  |  |  | (8,258 | ) |  |  | 17.71 |
Forfeitures |  |  | (437 | ) |  |  | 55.06 |  |  |  | (418 | ) |  |  | 48.76 |  |  |  | (476 | ) |  |  | 34.74 |
Outstanding at end of year |  |  | 28,686 |  |  | $ | 41.68 |  |  |  | 30,078 |  |  | $ | 34.91 |  |  |  | 32,628 |  |  | $ | 28.30 |
Options exercisable at end of year |  |  | 20,175 |  |  | $ | 31.75 |  |  |  | 21,001 |  |  | $ | 25.75 |  |  |  | 22,473 |  |  | $ | 20.19 |
Schedule of Stock Options Outstanding Expected to Vest and Stock Options Outstanding Exercisable | The following table summarizes information about stock options outstanding that were expected to vest and stock options outstanding that were exercisable as of January 30, 2016:
Shares in thousands |  | Shares |  |  | Aggregate Intrinsic Value |  |  | Weighted Average Remaining Contract Life |  |  | WAEP |
Options outstanding expected to vest |  |  | 7,862 |  |  | $ | 51,648 |  |  |  | 8.9 years |  |  | $ | 65.29 |
Options exercisable |  |  | 20,175 |  |  | $ | 796,741 |  |  |  | 5.1 years |  |  | $ | 31.75 |
Total outstanding options vested and expected to vest |  |  | 28,037 |  |  | $ | 848,389 |  |  |  | 6.2 years |  |  | $ | 41.15 |
Summary of Nonvested Performance-Based Stock Awards | A summary of the status of our nonvested performance-based stock awards and changes during fiscal 2016 is presented below:
Shares in thousands |  | Performance- based stock awards |  |  | Weighted Average Grant Date Fair Value |
Nonvested at beginning of year |  |  | 1,810 |  |  | $ | 53.16 |
Granted |  |  | 696 |  |  |  | 70.41 |
Vested |  |  | (646 | ) |  |  | 41.97 |
Forfeited |  |  | (84 | ) |  |  | 61.89 |
Nonvested at end of year |  |  | 1,776 |  |  | $ | 63.57 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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