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Stockholders' Equity | 12 Months Ended
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Feb. 01, 2014
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders' Equity Common stock. The Company repurchased 8.2 million, 7.5 million, and 11.3 million shares of common stock for aggregate purchase prices of approximately $550 million, $450 million, and $450 million in fiscal 2013, 2012, and 2011, respectively. In January 2013, the Company’s Board of Directors approved a two-year $1.1 billion stock repurchase program for fiscal 2013 and 2014. The following table summarizes the Company’s stock repurchase activity in fiscal 2013, 2012, and 2011:
Fiscal Year |  | Shares repurchased (in millions) |  |  | Average repurchase price |  | Repurchased (in millions)
2013 |  | 8.2 |  |  | $67.24 |  | $550
2012 |  | 7.5 |  |  | $60.34 |  | $450
2011 |  | 11.3 |  |  | $39.95 |  | $450
Preferred stock. The Company has four million shares of preferred stock authorized, with a par value of $.01 per share. No preferred stock is issued or outstanding. Dividends. In February 2014, the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per common share, payable on March 31, 2014. The Company’s Board of Directors declared cash dividends of $0.17 per common share in January, May, August, and November 2013, cash dividends of $0.14 per common share in January, May, August, and November 2012, and cash dividends of $0.11 per common share in January, May, August, and November 2011. 2008 Equity Incentive Plan. In 2008, the Company’s stockholders approved the adoption of the Ross Stores, Inc. 2008 Equity Incentive Plan (the “2008 Plan”) with an initial share reserve of 16.5 million shares of the Company’s common stock, of which 12.0 million shares can be issued as full value awards. The 2008 Plan provides for various types of incentive awards, which may potentially include the grant of stock options, stock appreciation rights, restricted stock purchase rights, restricted stock bonuses, restricted stock units, performance shares, performance units, and deferred compensation awards. As of February 1, 2014, there were 7.0 million shares that remained available for grant under the 2008 Plan. A summary of the stock option activity for fiscal 2013 is presented below:
(000, except per share data) |  | Number of shares |  |  | Weighted average exercise price |  |  | Weighted average remaining contractual term |  | Aggregate intrinsic value
Outstanding at February 2, 2013 |  | 1,715 |  |  | $13.79 |  |  |  |
Granted |  | — |  |  | — |  |  |  |  |
Exercised |  | (539 | ) |  | 13.17 |  |  |  |  |
Forfeited |  | (7 | ) |  | 13.63 |  |  |  |  |
Outstanding at February 1, 2014, all vested |  | 1,169 |  |  | $14.07 |  | 1.47 |  | $62,957
The following table summarizes information about the weighted average remaining contractual life (in years) and the weighted average exercise prices for stock options both outstanding and exercisable as of February 1, 2014 (number of shares in thousands):
|  |  |  |  |  |  | Options outstanding and exercisable
Exercise price range |  | Number of shares |  |  | Remaining life |  | Exercise price |
$ | 11.39 |  |  | to |  | $ | 13.81 |  |  |  | 240 |  |  | 1.34 |  | $12.90
13.83 |  |  | to |  | 13.91 |  |  |  | 286 |  |  | 1.93 |  | 13.89 |
13.92 |  |  | to |  | 14.33 |  |  |  | 182 |  |  | 1.24 |  | 14.27 |
14.35 |  |  | to |  | 14.35 |  |  |  | 235 |  |  | 1.02 |  | 14.35 |
14.38 |  |  | to |  | 16.39 |  |  |  | 226 |  |  | 1.70 |  | 15.09 |
$ | 11.39 |  |  | to |  | $ | 16.39 |  |  |  | 1,169 |  |  | 1.47 |  | $14.07
A summary of the restricted stock activity for fiscal 2013 is presented below:
(000, except per share data) |  | Number of shares |  |  | Weighted average grant date fair value |
Unvested at February 2, 2013 |  | 4,560 |  |  | $29.96
Awarded |  | 780 |  |  | 58.56 |
Released |  | (1,273 | ) |  | 24.68 |
Forfeited |  | (153 | ) |  | 36.46 |
Unvested at February 1, 2014 |  | 3,914 |  |  | $37.14
The market value of shares of restricted stock and of the stock underlying restricted stock units at the date of grant is amortized to expense ratably over the vesting period of generally three to five years. The unamortized compensation expense at February 1, 2014 and February 2, 2013 was $74.9 million and $75.8 million, respectively, which is expected to be recognized over a weighted average remaining period of 1.7 years. Intrinsic value for restricted stock, defined as the closing market value on the last business day of fiscal year 2013 (or $67.91), was $265.8 million. A total of 6,986,000, 7,202,000, and 7,811,000 shares were available for new restricted stock awards at the end of fiscal 2013, 2012, and 2011, respectively. During fiscal 2013, 2012, and 2011, shares purchased by the Company for tax withholding totaled 496,000, 505,000, and 442,000 shares, respectively, and are considered treasury shares which are available for reissuance. As of February 1, 2014 and February 2, 2013, the Company held 4,354,000 and 3,858,000 shares of treasury stock, respectively. Performance share awards. The Company has a performance share award program for senior executives. A performance share award represents a right to receive shares of restricted stock or restricted stock units on a specified settlement date based on the Company’s attainment of a profitability-based performance goal during the performance period, which is the Company’s fiscal year. If attained, the restricted stock or units then vest over a service period, generally two to three years from the date the performance award was granted. The release of shares related to restricted stock units earned is deferred generally for one year from the date earned. The Company issued approximately 240,000, 280,000, and 467,000 shares in settlement of the fiscal 2013, 2012, and 2011 awards. Employee Stock Purchase Plan. Under the Employee Stock Purchase Plan (“ESPP”), eligible employees participating in the quarterly offering period can choose to have up to the lesser of 10% or $21,250 of their annual base earnings withheld to purchase the Company’s common stock. The purchase price of the stock is 85% of the closing market price on the date of purchase. Purchases occur on a quarterly basis (on the last trading day of each calendar quarter). The Company recognizes expense for ESPP purchase rights equal to the value of the 15% discount given on the purchase date. During fiscal 2013, 2012, and 2011, employees purchased approximately 208,000, 211,000, and 243,000 shares, respectively, of the Company’s common stock under the plan at weighted average per share prices of $57.57, $50.67, and $34.24, respectively. Through February 1, 2014, approximately 19,142,000 shares had been issued under this plan and 858,000 shares remained available for future issuance.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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