XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.7.0.1

STOCK-BASED COMPENSATION | 6 Months Ended
--- | ---
Jul. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION The following table summarizes the Company’s stock-based compensation expense:
| Thirteen Weeks Ended |  | Twenty-six Weeks Ended
| July 29, 2017 |  | July 30, 2016 |  | July 29, 2017 |  | July 30, 2016
| (In thousands)
Deferred Awards | $ | 2,661 |  |  | $ | 2,121 |  |  | $ | 5,926 |  |  | $ | 4,427 |
Performance Awards | 4,160 |  |  | 3,966 |  |  | 8,554 |  |  | 8,204 |
Total stock-based compensation expense (1) | $ | 6,821 |  |  | $ | 6,087 |  |  | $ | 14,480 |  |  | $ | 12,631 |
____________________________________________
(1) | During the Second Quarter 2017 and the Second Quarter 2016, approximately $1.0 million and $0.9 million, respectively, were included in cost of sales. During Year-To-Date 2017 and Year-To-Date 2016, approximately $2.0 million and $1.5 million, respectively, were included in cost of sales. All other stock-based compensation is included in selling, general and administrative expenses.
The Company recognized a tax benefit related to stock-based compensation expense of approximately $5.6 million and $5.0 million during Year-To-Date 2017 and Year-To-Date 2016, respectively. Awards Granted During Year-To-Date 2017 The Company granted Deferred Awards and Performance Awards to various executives and members of our Board of Directors during Year-To-Date 2017. Awards were also granted in connection with new hires and contractual obligations. Generally, the Deferred Awards have a three year vesting period with one third of the award vesting annually. Generally, the Deferred Awards granted to members of the Board of Directors vest after one year. Performance Awards granted during Year-To-Date 2017 have a three-year performance period, and, if earned, vest upon completion of the three-year performance period. Depending on the cumulative adjusted earnings per share achieved for the three-year performance period, adjusted operating margin expansion achieved for the three-year performance period and adjusted return on invested capital achieved as of the end of fiscal 2019, the percentage of Target Shares earned range from 0% to 200%. Changes in the Company’s Unvested Stock Awards during Year-To-Date 2017 Deferred Awards
| Number of Shares |  | Weighted Average Grant Date Fair Value
| (In thousands) |  |
Unvested Deferred Awards, beginning of period | 469 |  |  | $ | 61.19 |
Granted | 191 |  |  | 110.81 |
Vested | (178 | ) |  | 60.94 |
Forfeited | (30 | ) |  | 74.15 |
Unvested Deferred Awards, end of period | 452 |  |  | $ | 81.39 |
Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $26.4 million as of July 29, 2017, which will be recognized over a weighted average period of approximately 2.3 years. Performance Awards
| Number of Shares (1) |  | Weighted Average Grant Date Fair Value
| (In thousands) |  |
Unvested Performance Awards, beginning of period | 515 |  |  | $ | 68.11 |
Granted | 161 |  |  | 114.40 |
Shares earned in excess of target | 192 |  |  | 50.97 |
Vested shares, including shares vested in excess of target | (286 | ) |  | 50.97 |
Forfeited | (27 | ) |  | 81.66 |
Unvested Performance Awards, end of period | 555 |  |  | $ | 83.76 |
____________________________________________
(1) | For those awards in which the performance period is complete, the number of unvested shares is based on actual shares that will vest upon completion of the service period.
For those awards in which the performance period is not yet complete, the number of unvested shares in the table above is based on the participants earning their Target Shares at 100%. However, the cumulative expense recognized reflects changes in estimated adjusted earnings per share, adjusted operating margin expansion, and adjusted return on invested capital as they occur. Total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $38.5 million as of July 29, 2017, which will be recognized over a weighted average period of approximately 2.0 years.

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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