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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Jul. 31, 2022
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 twenty-six weeks ended July 31, 2022 and August 1, 2021 and the resulting weighted average grant date fair value per stock option:
| 7/31/22 |  | 8/1/21
Weighted average risk-free interest rate | 2.50 | % |  | 1.24 | %
Weighted average expected stock option term (in years) | 6.25 |  | 6.25
Weighted average Company volatility | 47.34 | % |  | 47.58 | %
Expected annual dividends per share | $ | 0.15 |  | $ | 0.15
Weighted average grant date fair value per stock option | $ | 34.27 |  | $ | 48.28
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 anticipated common stock cash dividend rate for the Company at the time of grant; the dividend assumption for the stock options granted during the twenty-six weeks ended August 1, 2021 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 and as a condition of the June 2020 Amendment that was in effect through June 10, 2021, as such suspension was viewed as temporary. Please see Note 15, “Stockholders' Equity,” for further discussion of dividends on the Company’s common stock. 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 twenty-six weeks ended July 31, 2022 was as follows:
(In thousands, except per stock option data) | Stock Options |  | Weighted Average Exercise Price Per Stock Option
Outstanding at January 30, 2022 | 688 |  |  | $ | 103.40 |
Granted | 134 |  |  | 71.51 |
Exercised | — |  |  | — |
Forfeited / Expired | 67 |  |  | 99.63 |
Outstanding at July 31, 2022 | 755 |  |  | $ | 98.06 |
Exercisable at July 31, 2022 | 505 |  |  | $ | 109.12 |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSU activity for the twenty-six weeks ended July 31, 2022 was as follows:
(In thousands, except per RSU data) | RSUs |  | Weighted Average Grant Date Fair Value Per RSU
Non-vested at January 30, 2022 | 1,176 |  |  | $ | 88.09 |
Granted | 696 |  |  | 71.08 |
Vested | 295 |  |  | 101.54 |
Forfeited | 90 |  |  | 87.20 |
Non-vested at July 31, 2022 | 1,487 |  |  | $ | 77.51 |
Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block] |
| 7/31/22 |  | 8/1/21
Weighted average risk-free interest rate | 2.91 | % |  | 0.33 | %
Weighted average Company volatility | 64.02 | % |  | 60.69 | %
Expected annual dividends per share | $ | 0.15 |  |  | $ | 0.15 |
Weighted average grant date fair value per PSU | $ | 103.36 |  |  | $ | 159.29 |
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 anticipated common stock cash dividend rate for the Company at the time of grant; the dividend assumption for the PSUs granted during the twenty-six weeks ended August 1, 2021 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 and as a condition of the June 2020 Amendment that was in effect through June 10, 2021, as such suspension was viewed as temporary. Please see Note 15, “Stockholders' Equity,” for further discussion of dividends on the Company’s common stock. 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 these awards, the grant date fair value was discounted 6.90% in 2022 and 8.40% in 2021 for the restriction of liquidity, which was calculated using the Finnerty model.
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Total PSU activity for the twenty-six weeks ended July 31, 2022 was as follows:
(In thousands, except per PSU data) | PSUs |  | Weighted Average Grant Date Fair Value Per PSU
Non-vested at January 30, 2022 | 248 |  |  | $ | 93.15 |
Granted | 72 |  |  | 87.16 |
Reduction due to market conditions not satisfied | 67 |  |  | 118.28 |
Vested | — |  |  | — |
Forfeited | 2 |  |  | 77.54 |
Non-vested at July 31, 2022 | 251 |  |  | $ | 84.98 |

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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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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