v3.3.1.900
Stock-based Compensation (Tables)
 12 Months Ended
Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
The following table summarizes stock-based compensation expense for the periods presented:
 
Fiscal
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
(in thousands)
Stock Options
$
5,532

 
$
5,827

 
$
5,891

Restricted Stock Units
2,953

 
2,097

 
1,797

Performance-Based Restricted Stock Units
3,979

 
1,324

 
503

Director Stock Units
1,037

 
1,247

 
1,151

Total
$
13,501

 
$
10,495

 
$
9,342
Weighted-average Assumptions Used for Options Granted
The following table illustrates the weighted-average assumptions used in the Black-Scholes pricing model for options granted in each of the periods presented:
 
Fiscal
Assumptions:
2015
 
2014
 
2013
   Risk-free interest rate
1.4%
 
1.8%
 
0.7%
   Annual volatility of DSW Common Shares
37.9%
 
44.5%
 
53.4%
   Expected option term
5.1 years
 
5.4 years
 
4.7 years
   Dividend yield
2.1%
 
2.3%
 
1.3%
Other Data:
 
 
 
 
 
   Weighted average grant date fair value
$8.87
 
$11.82
 
$12.85
Stock Option Plan Activity
For the periods presented, the following tables summarize stock option activity, related per share weighted average exercise prices (“WAEP”), weighted average remaining contract life and aggregate intrinsic value (shares and intrinsic value in thousands):
 
Fiscal
 
2015
 
2014
 
2013
 
Shares
 
WAEP
 
Shares
 
WAEP
 
Shares
 
WAEP
Outstanding beginning of year
3,156

 
$
20.91

 
3,347

 
$
17.62

 
3,694

 
$
14.50

Granted
1,395

 
$
32.47

 
502

 
$
34.49

 
492

 
$
31.75

Exercised
(539
)
 
$
13.83

 
(505
)
 
$
10.22

 
(748
)
 
$
10.99

Forfeited
(163
)
 
$
33.34

 
(188
)
 
$
27.32

 
(91
)
 
$
21.79

Outstanding end of year
3,849

 
$
25.56

 
3,156

 
$
20.91

 
3,347

 
$
17.62

Options exercisable end of year
2,007

 
$
20.35

 
1,682

 
$
15.16

 
1,430

 
$
13.08
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]
As of January 30, 2016
 
Shares
 
WAEP
 
Weighted Average Remaining Contract Life
 
Aggregate Intrinsic Value
Options exercisable
 
2,007

 
$
20.35

 
3.3 years
 
$
12,905

Options expected to vest
 
1,639

 
$
31.26

 
8.7 years
 
612

Options vested and expected to vest
 
3,646

 
$
25.25

 
5.7 years
 
$
13,517
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Year of Grant
 
Range of Exercise Prices
 
Weighted Average Remaining Contract Life
 
Options Outstanding
 
Options Exercisable
 
Min
 
Max
 
 
Options Outstanding
 
WAEP
 
Aggregate Intrinsic Value (1)
 
Options Exercisable
 
WAEP
 
Aggregate Intrinsic Value (1)
2006 - expire 2016
 
$
12.93

 
$
14.50

 
0.6 years
 
92

 
$
12.98

 
$
1,019

 
93

 
$
12.98

 
$
1,020

2007 - expire 2017
 
$
18.57

 
$
19.94

 
1.2 years
 
297

 
$
19.84

 
1,241

 
297

 
$
19.84

 
1,241

2008 - expire 2018
 
$
6.01

 
$
9.15

 
2.2 years
 
165

 
$
6.20

 
2,941

 
165

 
$
6.20

 
2,941

2009 - expire 2019
 
$
4.65

 
$
7.00

 
3.2 years
 
136

 
$
4.79

 
2,607

 
136

 
$
4.79

 
2,607

2010 - expire 2020
 
$
12.34

 
$
12.38

 
4.2 years
 
330

 
$
12.37

 
3,843

 
330

 
$
12.37

 
3,843

2011 - expire 2021
 
$
17.43

 
$
22.71

 
5.1 years
 
253

 
$
17.44

 
1,662

 
191

 
$
17.44

 
1,253

2012 - expire 2022
 
$
26.66

 
$
27.18

 
4.7 years
 
466

 
$
26.67

 
—

 
331

 
$
26.66

 
—

2013 - expire 2023
 
$
31.68

 
$
31.68

 
5.1 years
 
361

 
$
31.68

 
—

 
219

 
$
31.68

 
—

2014 - expire 2024
 
$
29.74

 
$
37.88

 
6.9 years
 
433

 
$
34.53

 
—

 
151

 
$
35.41

 
—

2015 - expire 2025
 
$
23.21

 
$
37.50

 
8.9 years
 
1,316

 
$
32.17

 
298

 
94

 
$
37.50

 
—

Total
 
$
4.65

 
$
37.88

 
5.9 years
 
3,849

 
$
25.56

 
$
13,611

 
2,007

 
$
20.35

 
$
12,905
Restricted Stock Unit Activity
For the periods presented, the following tables summarize RSU activity, weighted average grant date fair value (“GDFV”) and aggregate intrinsic value (units and intrinsic value in thousands):
 
Fiscal
 
2015
 
2014
 
2013
 
Units
 
GDFV
 
Units
 
GDFV
 
Units
 
GDFV
Outstanding at beginning of year
320

 
$
29.21

 
377

 
$
23.41

 
436

 
$
15.39

Granted
199

 
$
30.54

 
103

 
$
34.53

 
92

 
$
35.50

Vested
(115
)
 
$
21.32

 
(114
)
 
$
14.11

 
(136
)
 
$
5.51

Forfeited
(32
)
 
$
32.99

 
(46
)
 
$
29.55

 
(15
)
 
$
29.46

Outstanding at end of year
372

 
$
31.83

 
320

 
$
29.21

 
377

 
$
23.41
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]
 
 
 
 
 
 
Weighted Average
 
Aggregate
 
 
 
 
 
 
Remaining
 
Intrinsic
As of January 30, 2016
 
Units
 
GDFV
 
Contract Life
 
Value
RSUs expected to vest
 
307

 
$
31.78

 
1.3 years
 
$
7,373
Performance Based Restricted Stock Units Activity [Table Text Block]
For the periods presented, the following tables summarize PSU activity, GDFV and aggregate intrinsic value (units and intrinsic value in thousands):
 
Fiscal
 
2015
 
2014
 
2013
 
Units
 
GDFV
 
Units
 
GDFV
 
Units
 
GDFV
Outstanding beginning of year
173

 
$
33.50

 
69

 
$
31.76

 
—

 
$
—

Granted
208

 
$
33.30

 
111

 
$
34.52

 
69

 
$
31.76

Vested
(75
)
 
$
22.80

 
—

 
$
—

 
—

 
$
—

Forfeited
(13
)
 
$
35.16

 
(7
)
 
$
32.74

 
—

 
$
—

Outstanding end of year
293

 
$
28.70

 
173

 
$
33.50

 
69

 
$
31.76
Schedule of Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Restricted Stock Units, Vested and Expected to Vest [Table Text Block]
 
 
 
 
 
 
Weighted Average
 
Aggregate
 
 
 
 
 
 
Remaining
 
Intrinsic
As of January 30, 2016
 
Units
 
GDFV
 
Contract Life
 
Value
PSUs expected to vest
 
253

 
$
28.70

 
1.2 years
 
$
6,080
Director Stock Unit Activity
The following table summarizes director stock unit activity (units in thousands):
 
Fiscal
 
2015
 
2014
 
2013
Outstanding beginning of year
360

 
330

 
316

Granted
40

 
52

 
34

Exercised
(95
)
 
(22
)
 
(20
)
Outstanding end of year
305

 
360

 
330
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]
The fair value of the SARs was estimated using the Black-Scholes pricing model with the following assumptions for the periods presented:
Assumptions:
As of January 30, 2016
 
As of January 31, 2015
   Risk-free interest rate
0.4%
 
0.6%
   Expected volatility of DSW Common Shares
33.0%
 
24.9%
   Expected term
0.4 years
 
2.3 years
   Expected dividend yield
2.5%
 
2.3%