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Share-Based Compensation (Tables)

6 Months Ended

Aug. 04, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity for the 26 weeks ended August 4, 2018 follows:

						Weighted- Average				Weighted- Average Remaining Contractual				Aggregate
		Options				Exercise Price				Term				Intrinsic Value
		(In thousands)								(In years)				(In thousands)
Outstanding - February 3, 2018			2,190			$	14.59
Granted			715			$	19.60
Exercised (1)			(991	)		$	15.59
Cancelled			—			$	—
Outstanding - August 4, 2018			1,914			$	16.76				5.8			$	16,831
Vested and expected to vest - August 4, 2018			1,681			$	17.06				5.8			$	13,628
Exercisable - August 4, 2018 (2)			174			$	15.00				5.2			$	1,836

(1) Options exercised during the 26 weeks ended August 4, 2018 had exercise prices ranging from $13.70 to $15.89.   

(2) Options exercisable represent “in-the-money” vested options based upon the weighted-average exercise price of vested options compared to the Company’s stock price on August 4, 2018.

Black-Scholes Option Valuation Assumptions

The fair value of stock options was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:

		26 Weeks Ended			26 Weeks Ended
		August 4,			July 29,
Black-Scholes Option Valuation Assumptions		2018			2017
Risk-free interest rate (1)			2.6	%		2.1	%
Dividend yield			2.5	%		3.1	%
Volatility factor (2)			39.5	%		38.5	%
Weighted-average expected term (3)		4.5 years			4.5 years

(1) Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of our stock options.

(2) Based on a combination of historical volatility of the Company’s common stock and implied volatility.

(3) Represents the period of time options are expected to be outstanding. The weighted average expected option terms were determined based on historical experience.            

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity is presented in the following tables:

		Time-Based Restricted Stock Units								Performance-Based Restricted Stock Units
		26 Weeks Ended								26 Weeks Ended
		August 4, 2018								August 4, 2018
(Shares in thousands)		Shares				Weighted -Average Grant Date Fair Value				Shares				Weighted -Average Grant Date Fair Value
Nonvested - February 3, 2018			2,189			$	13.27				2,138			$	15.16
Granted			713			$	24.14				508			$	19.63
Vested			(948	)		$	13.67				(901	)		$	14.87
Cancelled			(83	)		$	13.29				(18	)		$	15.42
Nonvested - August 4, 2018			1,871			$	17.21				1,727			$	16.62

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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.

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-Name Accounting Standards Codification
-Topic 718
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-Section 50
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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.

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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.

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