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Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2021
Summary of Restricted Stock Units Activity
The following table summarizes our restricted stock unit activity during fiscal 2020:
 
      Shares    
Weighted Average
Grant Date Fair
Value
     
Weighted Average
Contractual Term
Remaining (Years)
     
Intrinsic
Value
1
  
Balance at February 2, 2020
      2,884,194     $                 54.09     
 
 
 
   
 
 
 
Granted
      1,145,610       51.67                    
Granted, with vesting subject to performance conditions
      267,000       93.17                    
Released
2
      (1,061,159 )      53.96                    
Cancelled
      (116,761 )      53.08     
 
 
 
   
 
 
 
Balance at January 31, 2021
      3,118,884     $ 56.62        3.05      $     402,087,000  
Vested plus expected to vest at January 31, 2021
      2,773,871     $ 56.61        3.42      $ 357,607,000  
 
1
 
Intrinsic value for outstanding and unvested restricted stock units is based on the market value of our common stock on the last business day of the fiscal year (or $128.92).
2
 
Excludes 170,308 incremental shares released due to achievement of performance conditions above target.
Summary of Additional Information About Restricted Stock Units
The following table summarizes additional information about restricted stock units:
 
     
Fiscal 2020
(52 weeks)
     
Fiscal 2019
(52 weeks)
     
Fiscal 2018
(53 weeks)
  
Weighted average grant date fair value per share of awards granted
    $ 59.51      $ 58.18      $ 49.57  
Intrinsic value of awards released
1
    $   74,853,000      $   65,403,000      $   34,213,000  
 
1
 
Intrinsic value for releases is based on the market value on the date of release.