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Share-Based Compensation (Tables) | 12 Months Ended
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Jan. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of allocation of stock-based compensation | Pre-tax share-based compensation was included in the Statements of Income for fiscal years 2022, 2021 and 2020 as follows:
| Fiscal Year Ended
(in thousands) | January 30, 2022 |  | January 31, 2021 |  | January 26, 2020
Cost of sales | $ | 2,901 |  |  | $ | 2,501 |  |  | $ | 1,928 |
Selling, general and administrative | 32,578 |  |  | 37,000 |  |  | 38,556 |
Product development and engineering | 15,710 |  |  | 13,485 |  |  | 11,565 |
Share-based compensation | $ | 51,189 |  |  | $ | 52,986 |  |  | $ | 52,049 |
Summary of fair value assumptions |
| Fiscal Year Ended
(in thousands) | January 30, 2022 |  | January 31, 2021 |  | January 26, 2020
Cost of sales | $ | 2,901 |  |  | $ | 2,501 |  |  | $ | 1,928 |
Selling, general and administrative | 32,578 |  |  | 37,000 |  |  | 38,556 |
Product development and engineering | 15,710 |  |  | 13,485 |  |  | 11,565 |
Share-based compensation | $ | 51,189 |  |  | $ | 52,986 |  |  | $ | 52,049 |
Summary of the activity for stock option awards | The following table summarizes the activity for stock options for fiscal year 2022:
(in thousands, except per share data) | Number of Shares |  | Weighted- Average Exercise Price (per share) |  | Aggregate Intrinsic Value (1) |  |  |  | Number of Shares Exercisable |  | Weighted-Average Contractual Term (years)
Vested and expected to vest at January 31, 2021 | 335 |  |  | $ | 30.28 |  |  | $ | 13,627 |  |  |  |  | 238 |  |
Exercised | (213) |  |  | 24.73 |  |  | 10,234 |  |  |  |  |  |  |
Forfeited | (4) |  |  | 35.42 |  |  |  |  |  |  |  |  |
Vested and expected to vest at January 30, 2022 | 118 |  |  | $ | 40.17 |  |  | $ | 3,253 |  |  |  |  | 84 |  | 2.4
Vested and exercisable at January 30, 2022 | 84 |  |  | $ | 37.16 |  |  | $ | 2,579 |  |  |  |  |  |  | 2.3
(1) The aggregate intrinsic value of stock options vested and exercisable and vested and expected to vest as of January 30, 2022 is calculated based on the difference between the exercise price and the $67.83 closing price of the Company's common stock as of January 30, 2022.
Summary of unvested stock option awards | The following table summarizes information regarding nonvested stock option awards at January 30, 2022:
(in thousands, except per share data) | Number of Shares |  | Weighted-Average Exercise Price (per share) |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 31, 2021 | 96 |  |  | $ | 44.80 |  |  | $ | 13.35 |
Vested | (61) |  |  | 43.21 |  |  | 12.76 |
Forfeited | (1) |  |  | 45.13 |  |  | 13.36 |
Nonvested at January 30, 2022 | 34 |  |  | $ | 47.73 |  |  | $ | 14.45 |
Summary of activity for market performance units | The following table summarizes the activity for the non-employee directors restricted stock units for the fiscal year ended January 30, 2022:
(in thousands, except per share data) | Total Units |  | Units Subject to Share Settlement |  | Units Subject to Cash Settlement |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 31, 2021 | 28 |  |  | 13 |  |  | 15 |  |  | $ | 51.52 |
Granted | 24 |  |  | 12 |  |  | 12 |  |  | 68.06 |
Vested | (28) |  |  | (13) |  |  | (15) |  |  | 51.52 |
Nonvested at January 30, 2022 | 24 |  |  | 12 |  |  | 12 |  |  | $ | 68.06 |
Summary of the status of non-vested restricted stock unit awards and changes during the year | The following table is a summary of the status of nonvested restricted stock unit awards as of January 30, 2022, and changes during the year.
| Restricted Stock Units, Stock Grants and Stock Units |  |
(in thousands, except per share data) | Shares |  | Weighted-Average Grant Date Fair Value (per share) |  |  |  |
Nonvested at January 31, 2021 | 2,059 |  |  | $ | 50.39 |  |  |  |  |
Granted | 755 |  |  | 67.91 |  |  |  |  |
Vested | (805) |  |  | 47.30 |  |  |  |  |
Forfeited | (107) |  |  | 53.63 |  |  |  |  |
Nonvested at January 30, 2022 | 1,902 |  |  | $ | 58.47 |  |  |  |  |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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