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Stock-Based Compensation and Employee Stock Plans (Tables) | 12 Months Ended
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Feb. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of stock-based compensation | The following represents total stock-based compensation recognized in the Consolidated Statements of Income for the fiscal years presented (in thousands):
| 2013 |  | 2012 |  | 2011
Stock option expense | $ | 8,263 |  |  | $ | 10,215 |  |  | $ | 9,734 |
Restricted stock expense | 18,856 |  |  | 21,966 |  |  | 14,185 |
Total stock-based compensation expense | $ | 27,119 |  |  | $ | 32,181 |  |  | $ | 23,919 |
Total related tax benefit | $ | 9,230 |  |  | $ | 11,561 |  |  | $ | 8,947 |
Schedule of assumptions used to estimate the fair value of stock-based awards to employees | The fair value of stock-based awards to employees is estimated on the date of grant using the Black-Scholes valuation with the following assumptions:
| Employee Stock Option Plans
Black-Scholes Valuation Assumptions | 2013 |  | 2012 |  | 2011
Expected life (years) (1) | 5.33 |  |  | 5.70 |  |  | 5.76 |
Expected volatility (2) | 36.10% - 47.86% |  |  | 44.52% - 49.38% |  |  | 44.27% - 48.93% |
Weighted average volatility | 46.71 | % |  | 47.25 | % |  | 46.16 | %
Risk-free interest rate (3) | 0.73% - 1.73% |  |  | 0.59% - 1.57% |  |  | 0.89% - 2.70% |
Expected dividend yield (4) | 0.98% - 1.04% |  |  | 0.98% - 1.25% |  |  | — |
Weighted average grant date fair value | $ | 18.31 |  |  | $ | 19.24 |  |  | $ | 18.06 |
(1) | The expected term of the options represents the estimated period of time until exercise and is based on historical experience of similar awards giving consideration to the contractual terms, vesting schedules and expectations of future employee behavior.
(2) | Expected volatility is based on the historical volatility of the Company's common stock over a timeframe consistent with the expected life of the stock options.
(3) | The risk-free interest rate is based on the implied yield available on U.S. Treasury constant maturity interest rates whose term is consistent with the expected life of the stock options.
(4) | The Company declared its first dividend in December 2011. Options granted subsequent to the declaration of the initial dividend reflect the anticipated future cash dividend payouts.
Schedule of stock option activity | The stock option activity from January 29, 2011 through February 1, 2014 is presented in the following table:
| Shares Subject to Options |  | Weighted Average Exercise Price per Share |  | Weighted Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding, January 29, 2011 | 13,693,877 |  |  | $ | 16.91 |  |  | 4.13 |  | $ | 258,697 |
Granted | 639,047 |  |  | 39.78 |  |  |  |  |  |
Exercised | (2,420,960 | ) |  | 13.67 |  |  |  |  |  |
Forfeited / Expired | (253,875 | ) |  | 27.75 |  |  |  |  |  |
Outstanding, January 28, 2012 | 11,658,089 |  |  | $ | 18.60 |  |  | 3.45 |  | $ | 262,995 |
Granted | 581,665 |  |  | 48.35 |  |  |  |  |  |
Exercised | (5,431,053 | ) |  | 14.38 |  |  |  |  |  |
Forfeited / Expired | (99,977 | ) |  | 25.48 |  |  |  |  |  |
Outstanding, February 2, 2013 | 6,708,724 |  |  | $ | 24.50 |  |  | 3.60 |  | $ | 157,380 |
Granted | 682,344 |  |  | 47.31 |  |  |  |  |  |
Exercised | (2,154,201 | ) |  | 20.18 |  |  |  |  |  |
Forfeited / Expired | (282,820 | ) |  | 41.57 |  |  |  |  |  |
Outstanding, February 1, 2014 | 4,954,047 |  |  | $ | 28.55 |  |  | 3.19 |  | $ | 118,784 |
Exercisable, February 1, 2014 | 3,617,457 |  |  | $ | 22.87 |  |  | 2.46 |  | $ | 107,179 |
Vested and expected to vest, February 1, 2014 | 4,822,326 |  |  | $ | 28.05 |  |  | 3.12 |  | $ | 118,008 |
Schedule of nonvested stock option activity | The nonvested stock option activity for the year ended February 1, 2014 is presented in the following table:
| Shares Subject to Options |  | Weighted Average Grant Date Fair Value
Nonvested, February 2, 2013 | 2,616,875 |  |  | $ | 11.88 |
Granted | 682,344 |  |  | 18.31 |
Vested | (1,684,187 | ) |  | 8.85 |
Forfeited | (278,442 | ) |  | 17.07 |
Nonvested, February 1, 2014 | 1,336,590 |  |  | $ | 17.90 |
Schedule of stock options outstanding and exercisable by range of exercise prices | Additional information regarding options outstanding as of February 1, 2014 is as follows:
|  | Options Outstanding |  | Options Exercisable
Range of Exercise Prices |  | Shares |  | Weighted Average Remaining Contractual Life (Years) |  | Weighted Average Exercise Price |  | Shares |  | Weighted Average Exercise Price
$8.17 - $17.98 |  | 1,307,546 |  |  | 1.76 |  | $ | 14.97 |  |  | 1,307,546 |  |  | $ | 14.97 |
$18.14 - $27.87 |  | 1,369,573 |  |  | 2.44 |  | 23.14 |  |  | 1,225,448 |  |  | 22.77 |
$28.09 - $44.61 |  | 1,238,804 |  |  | 3.42 |  | 32.67 |  |  | 977,697 |  |  | 30.77 |
$45.34 - $57.59 |  | 1,038,124 |  |  | 5.70 |  | 47.85 |  |  | 106,766 |  |  | 48.45 |
$8.17 - $57.59 |  | 4,954,047 |  |  | 3.19 |  | $ | 28.55 |  |  | 3,617,457 |  |  | $ | 22.87 |
Schedule of nonvested restricted stock activity | The restricted stock activity from January 29, 2011 through February 1, 2014 is presented in the following table:
| Shares |  | Weighted Average Grant Date Fair Value
Nonvested, January 29, 2011 | 1,991,068 |  |  | $ | 24.11 |
Granted | 658,393 |  |  | 39.54 |
Vested | (304,068 | ) |  | 27.12 |
Forfeited | (254,960 | ) |  | 27.12 |
Nonvested, January 28, 2012 | 2,090,433 |  |  | $ | 28.16 |
Granted | 542,221 |  |  | 48.55 |
Vested | (381,278 | ) |  | 15.09 |
Forfeited | (159,281 | ) |  | 32.76 |
Nonvested, February 2, 2013 | 2,092,095 |  |  | $ | 35.48 |
Granted | 1,806,949 |  |  | 46.85 |
Vested | (913,769 | ) |  | 27.46 |
Forfeited | (553,621 | ) |  | 39.93 |
Nonvested, February 1, 2014 | 2,431,654 |  |  | $ | 45.93 |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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