XML 50 R34.htm IDEA: XBRL DOCUMENT
v3.26.1

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation Recognized | The following table provides total stock-based compensation recognized in the Consolidated Statements of Income (amounts in thousands):
|  | Fiscal Year Ended
|  | January 31, 2026 |  | February 1, 2025 | February 3, 2024 |
Equity compensation expense (1) |  | $ | 21,176 |  |  | $ | 26,629 |  | $ | 24,377 |  |
Total related tax benefit |  | $ | 4,503 |  |  | $ | 5,822 |  | $ | 5,245 |  |
(1) These costs are included within SG&A expenses in the Consolidated Statements of Income.
Assumptions and Grant Date Fair Values for Options Granted | The following table presents the assumptions and grant date fair values for Service Options granted in 2023 (the Company did not grant any Service Options in 2024 or 2025):
|  |  |  |  | Fiscal Year Ended
|  |  |  |  | February 3, 2024
Expected life in years |  |  |  |  | 6.0
Expected volatility |  |  |  |  | 46% to 51%
Weighted-average volatility |  |  |  |  | 47.8%
Risk-free interest rate |  |  |  |  | 3.7% to 4.4%
Dividend yield |  |  |  |  | 0.6%
Weighted-average grant date fair value - Service Options |  |  |  |  | $27.60
Unit Option Activity | Option activity is as follows:
Service Options |  |  |  |  |  |  |  |
Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands) |
Outstanding as of January 28, 2023 | 3,570,694 |  |  | $ | 24.27 |  |  | 7.3 |  | $ | 112,050 |  |
Granted | 262,640 |  |  | 58.13 |  |  |  |  |  |
Canceled | (694) |  |  | 13.00 |  |  |  |  |  |
Forfeited | (228,160) |  |  | 39.14 |  |  |  |  |  |
Exercised | (988,682) |  |  | 20.00 |  |  |  |  | $ | 36,277 |  |
Outstanding as of February 3, 2024 | 2,615,798 |  |  | $ | 27.99 |  |  | 6.7 |  | $ | 95,479 |  |
Granted | — |  |  | — |  |  |  |  |  |
Canceled | — |  |  | — |  |  |  |  |  |
Forfeited | (52,211) |  |  | 33.29 |  |  |  |  |  |
Exercised | (201,479) |  |  | 22.27 |  |  |  |  | $ | 7,846 |  |
Outstanding as of February 1, 2025 | 2,362,108 |  |  | $ | 28.36 |  |  | 5.8 |  | $ | 57,965 |  |
Granted | — |  |  | — |  |  |  |  |  |
Canceled | (10,505) |  |  | 53.20 |  |  |  |  |  |
Forfeited | (38,431) |  |  | 41.46 |  |  |  |  |  |
Exercised | (175,351) |  |  | 25.43 |  |  |  |  | $ | 4,143 |  |
Outstanding as of January 31, 2026 (1) | 2,137,821 |  |  | $ | 28.24 |  |  | 4.8 |  | $ | 58,149 |  |
Exercisable as of January 31, 2026 | 2,001,700 |  |  | $ | 26.90 |  |  | 4.7 |  | $ | 56,880 |  |
(1) The Company has elected to recognize forfeitures as they occur. Therefore, the number of awards vested and expected to vest is equal to the awards outstanding.
Performance Unit Options |  |  |  |  |  |  |
Unit Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding as of January 28, 2023 | 218,477 |  |  | $ | 16.59 |  |  | 5.5 |  | $ | 8,534 |
Granted | — |  |  | — |  |  |  |  |
Canceled | — |  |  | — |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Exercised | (95,915) |  |  | 16.63 |  |  |  |  | $ | 3,656 |
Outstanding as of February 3, 2024 | 122,562 |  |  | $ | 16.55 |  |  | 5.0 |  | $ | 5,874 |
Granted | — |  |  | — |  |  |  |  |
Canceled | — |  |  | — |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Exercised | (2,323) |  |  | 16.70 |  |  |  |  | $ | 104 |
Outstanding as of February 1, 2025 | 120,239 |  |  | $ | 16.55 |  |  | 4.1 |  | $ | 4,300 |
Granted | — |  |  | — |  |  |  |  |
Canceled | — |  |  | — |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Exercised | (620) |  |  | 13.86 |  |  |  |  | $ | 22 |
Outstanding as of January 31, 2026 (1) | 119,619 |  |  | $ | 16.57 |  |  | 3.1 |  | $ | 4,599 |
Exercisable as of January 31, 2026 | 119,619 |  |  | $ | 16.57 |  |  | 3.1 |  | $ | 4,599 |
(1) The Company has elected to recognize forfeitures as they occur. Therefore, the number of awards vested and expected to vest is equal to the awards outstanding.
Restricted Unit Activity | Restricted Unit activity is as follows:
| Service Restricted Units |  |  |  | Performance Restricted Units
| Units |  | Weighted Average Grant Date Fair Value |  |  |  |  |  | Units |  | Weighted Average Grant Date Fair Value
Non-vested as of January 28, 2023 | 437,108 |  |  | $ | 39.11 |  |  |  |  |  |  | 298,929 |  |  | $ | 32.55 |
Granted | 393,131 |  |  | 60.37 |  |  |  |  |  |  | 250,384 |  |  | 57.91 |
Vested | (173,225) |  |  | 39.48 |  |  |  |  |  |  | (149,190) |  |  | 32.82 |
Forfeited | (92,151) |  |  | 51.32 |  |  |  |  |  |  | (88,301) |  |  | 47.94 |
Non-vested as of February 3, 2024 | 564,863 |  |  | $ | 51.80 |  |  |  |  |  |  | 311,822 |  |  | $ | 48.85 |
Granted | 435,520 |  |  | 62.86 |  |  |  |  |  |  | 129,041 |  |  | 65.48 |
Vested | (246,171) |  |  | 49.79 |  |  |  |  |  |  | (47,180) |  |  | 33.78 |
Forfeited | (77,703) |  |  | 58.73 |  |  |  |  |  |  | (9,521) |  |  | 34.87 |
Non-vested as of February 1, 2025 | 676,509 |  |  | $ | 58.85 |  |  |  |  |  |  | 384,162 |  |  | $ | 56.63 |
Granted | 571,629 |  |  | 49.13 |  |  |  |  |  |  | 165,055 |  |  | 49.98 |
Vested | (300,557) |  |  | 55.87 |  |  |  |  |  |  | (35,695) |  |  | 31.91 |
Forfeited | (81,559) |  |  | 56.13 |  |  |  |  |  |  | (31,712) |  |  | 61.31 |
Non-vested as of January 31, 2026 | 866,022 |  |  | $ | 53.73 |  |  |  |  |  |  | 481,810 |  |  | $ | 55.88 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration