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Share-Based Payments (Tables)

12 Months Ended

Feb. 01, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity under the 2014 and 2017 Plans for Fiscal 2019 follows:

		For the Year Ended February 1, 2020
						Weighted- Average				Weighted- Average Remaining Contractual				Aggregate Intrinsic
		Options				Exercise Price				Term				Value (2)
		(In thousands)								(In years)				(In thousands)
Outstanding - February 2, 2019			1,912			$	16.75
Granted			807			$	21.26
Exercised (1)			(124	)		$	16.06
Cancelled			(11	)		$	19.89
Outstanding - February 1, 2020			2,584			$	18.18				4.9			$	—
Vested and expected to vest - February 1, 2020			1,971			$	17.78				4.7			$	—
Exercisable - February 1, 2020			997			$	16.10				4.0			$	—

(1) Options exercised during Fiscal 2019 ranged in price from $14.59 to $23.53.

(2) The Company’s stock price was below the exercise price for all outstanding awards as of February 1, 2020.

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:

		For the Years Ended
		February 1,		February 2,
Black-Scholes Option Valuation Assumptions		2020		2019
Risk-free interest rates (1)		2.2%		2.6%
Dividend yield		2.4%		2.5%
Volatility factors of the expected market price of    the Company's common stock (2)		38.2%		39.5%
Weighted-average expected term (3)		4.4 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 the historical volatility of the Company’s common stock.

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

		Time-Based Restricted Stock Units								Performance- Based Restricted Stock Units
		For the year ended								For the year ended
		February 1, 2020								February 1, 2020
(Shares in thousands)		Shares				Weighted-Average Grant Date Fair Value				Shares				Weighted-Average Grant Date Fair Value
Non-vested - February 2, 2019			1,999			$	18.00				1,900			$	17.44
Granted			1,261				17.55				829				18.81
Vested			(937	)			16.12				(245	)			15.99
Cancelled/Forfeited			(127	)			20.32				(346	)			16.00
Non-vested - February 1, 2020			2,196				18.56				2,138				18.37

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
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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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