XML 49 R39.htm IDEA: XBRL DOCUMENT v3.23.3
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Oct. 29, 2023
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 thirty-nine weeks ended October 29, 2023 and the resulting weighted average grant date fair value per stock option:

10/29/23
Weighted average risk-free interest rate3.33 %
Weighted average expected stock option term (in years)6.25
Weighted average Company volatility50.60 %
Expected annual dividends per share    $0.15  
Weighted average grant date fair value per stock option$43.47  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
Stock option activity for the thirty-nine weeks ended October 29, 2023 was as follows:

(In thousands, except per stock option data)Stock OptionsWeighted Average Exercise Price
Per Stock Option
Outstanding at January 29, 2023694 $98.08 
  Granted86 83.80 
  Exercised— — 
  Forfeited / Expired65 113.57 
Outstanding at October 29, 2023715 $94.94 
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]
RSU activity for the thirty-nine weeks ended October 29, 2023 was as follows:

(In thousands, except per RSU data)RSUsWeighted Average Grant Date Fair Value Per RSU
Non-vested at January 29, 20231,325 $77.33 
  Granted638 83.78 
  Vested521 76.17 
  Forfeited168 81.72 
Non-vested at October 29, 20231,274 $80.46 
Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block]
The following summarizes the assumptions used to estimate the fair value of PSUs subject to market conditions that were granted during the thirty-nine weeks ended October 29, 2023 and the resulting weighted average grant date fair value:

10/29/23
Weighted average risk-free interest rate3.56 %
Weighted average Company volatility58.21 %
Expected annual dividends per share$0.15 
Weighted average grant date fair value per PSU$120.42 
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 7.40% 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 thirty-nine weeks ended October 29, 2023 was as follows:
(In thousands, except per PSU data)PSUsWeighted Average Grant Date Fair Value Per PSU
Non-vested at January 29, 2023244 $84.40 
  Granted122 100.44 
  Increase due to market conditions achieved above target36 58.39 
  Reduction due to market conditions achieved below target18 71.92 
  Vested139 61.69 
  Forfeited— — 
Non-vested at October 29, 2023245 $102.32