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STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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May 03, 2020
Share-based Payment Arrangement [Abstract] |
Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block] | The following summarizes the assumptions used to estimate the fair value of stock options granted during the thirteen weeks ended May 3, 2020 and May 5, 2019 and the resulting weighted average grant date fair value per stock option:
| 5/3/20 |  | 5/5/19
Weighted average risk-free interest rate | 0.53 | % |  | 2.34 | %
Weighted average expected stock option term (in years) | 6.25 |  | 6.25
Weighted average Company volatility | 44.77 | % |  | 28.03 | %
Expected annual dividends per share | $ | 0.15 |  |  | $ | 0.15 |
Weighted average grant date fair value per stock option | $ | 20.14 |  |  | $ | 41.15 |
The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected stock option term. The expected stock option term represents the weighted average period of time that stock options granted are expected to be outstanding, based on vesting schedules and the contractual term of the stock options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected stock option term. Expected dividends are based on the Company’s anticipated common stock cash dividend rate; the dividend assumption for the stock options granted during the first quarter of 2020 was not affected by the Company's suspension of its cash dividend beginning with the second quarter of 2020 in response to the impacts of the COVID-19 pandemic on its business, as such suspension was viewed as temporary. The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving stock option grants. The Company will continue to evaluate the appropriateness of utilizing such method.
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Stock option activity for the thirteen weeks ended May 3, 2020 was as follows:
(In thousands, except per stock option data) | Stock Options |  | Weighted Average Exercise Price Per Stock Option
Outstanding at February 2, 2020 | 902 |  |  | $ | 109.25 |
Granted | 158 |  |  | 47.96 |
Exercised | — |  |  | — |
Cancelled | 17 |  |  | 77.65 |
Outstanding at May 3, 2020 | 1,043 |  |  | $ | 100.47 |
Exercisable at May 3, 2020 | 685 |  |  | $ | 108.20 |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSU activity for the thirteen weeks ended May 3, 2020 was as follows:
(In thousands, except per RSU data) | RSUs |  | Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 2, 2020 | 996 |  |  | $ | 117.28 |
Granted | 347 |  |  | 47.96 |
Vested | 248 |  |  | 120.80 |
Cancelled | 19 |  |  | 123.26 |
Non-vested at May 3, 2020 | 1,076 |  |  | $ | 94.00 |
Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block] | The fair value of the awards granted was established for each grant on the grant date using the Monte Carlo simulation model. The following summarizes the assumptions used to estimate the fair value of PSUs granted during the thirteen weeks ended May 3, 2020 and May 5, 2019 and the resulting weighted average grant date fair value per PSU:
| 5/3/20 |  | 5/5/19
Risk-free interest rate | 0.20 | % |  | 2.26 | %
Expected Company volatility | 48.91 | % |  | 29.88 | %
Expected annual dividends per share | $ | 0.15 |  |  | $ | 0.15 |
Weighted average grant date fair value per PSU | $ | 58.82 |  |  | $ | 129.46 |
The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for the term corresponding to the three-year performance-period. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the three-year performance-period. Expected dividends are based on the Company’s anticipated common stock cash dividend rate; the dividend assumption for the PSUs granted during the first quarter of 2020 was not affected by the Company's suspension of its cash dividend beginning with the second quarter of 2020 in response to the impacts of the COVID-19 pandemic on its business, as such suspension was viewed as temporary. For certain of the awards granted, the after-tax portion of the award is subject to a holding period of one year after the vesting date. For such awards, the grant date fair value was discounted 15.05% in 2020 and 6.20% in 2019 for the restriction of liquidity, which was calculated using the Chaffe model.
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | PSU activity for the thirteen weeks ended May 3, 2020 was as follows:
(In thousands, except per PSU data) | PSUs |  | Weighted Average Grant Date Fair Value Per PSU
Non-vested at February 2, 2020 | 181 |  |  | $ | 119.63 |
Granted at target | 74 |  |  | 58.82 |
Reduction due to market condition not satisfied | 70 |  |  | 96.47 |
Vested | — |  |  | — |
Cancelled | — |  |  | — |
Non-vested at May 3, 2020 | 185 |  |  | $ | 104.29 |

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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based 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 of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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)(1) -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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