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STOCK-BASED COMPENSATION | 12 Months Ended
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Feb. 03, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION The Company generally grants time vesting stock awards ("Deferred Awards") and performance-based stock awards ("Performance Awards") to employees at management levels. The Company also grants Deferred Awards to its non-employee directors. Deferred Awards are granted in the form of restricted stock units that require each recipient to complete a service period. Deferred Awards generally vest ratably over three years, except for those granted to non-employee directors, which generally vest over one year. Performance Awards are granted in the form of restricted stock units which have performance criteria that must be achieved for the awards to vest in addition to a service period requirement. With the approval of the Board's Compensation Committee, the Company may settle vested Deferred Awards and Performance Awards to the employee in shares, in a cash amount equal to the market value of such shares at the time all requirements for delivery of the award have been met, or in part shares and cash. For Performance Awards issued during Fiscal 2015 (the “2015 Performance Awards”), the Target Shares earned can range from 0% to 300% and depend on the achievement of adjusted earnings per share for the cumulative three-fiscal year performance period and our total shareholder return (“TSR”) relative to that of companies in our peer group. The 2015 Performance Awards generally cliff vest, if earned, after the completion of the applicable three year performance period. The 2015 Performance Awards grant date fair value was estimated using a Monte Carlo simulation covering the period from the valuation date through the end of the applicable performance period using our simulated stock price as well as the TSR of companies in our peer group. For Performance Awards issued during Fiscal 2016 and Fiscal 2017 (the “2016 and 2017 Performance Awards”), an employee may earn from 0% to 200% of their Target Shares based on the achievement of 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 at the end of the performance period. The 2016 and 2017 Performance Awards cliff vest, if earned, after completion of the applicable three year performance period. The fair value of the 2016 and 2017 Performance Awards granted is based on the closing price of our common stock on the grant date. Stock-based compensation expense is recognized ratably over the related service period reduced for estimated forfeitures of those awards not expected to vest due to employee turnover. Stock-based compensation expense, as it relates to Performance Awards, is also adjusted based on the Company's estimate of the percentage of the aggregate Target Shares expected to be earned. The following table summarizes the Company’s stock-based compensation expense:
| Fiscal Year Ended
| February 3, 2018 |  | January 28, 2017 |  | January 30, 2016
| (In thousands)
Deferred Awards | $ | 11,891 |  |  | $ | 8,906 |  |  | $ | 10,653 |
Performance Awards | 18,906 |  |  | 19,134 |  |  | 10,466 |
Total stock-based compensation expense (1) | $ | 30,797 |  |  | $ | 28,040 |  |  | $ | 21,119 |
____________________________________________ (1) A portion of stock-based compensation is included in cost of sales. Approximately $4.0 million, $3.6 million, and $2.5 million in Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively, were included in cost of sales. All other stock-based compensation is included in selling, general, and administrative expense. The Company recognized a tax benefit related to stock-based compensation expense of $8.2 million, $11.1 million, and $8.3 million for Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively. At February 3, 2018, the Company had 852,245 shares available for grant under the Equity Plan. Changes in the Company’s Unvested Stock Awards during Fiscal 2017, Fiscal 2016, and Fiscal 2015 Deferred Awards
| Fiscal Year Ended
| February 3, 2018 |  | January 28, 2017 |  | January 30, 2016
| Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |  |  |  | (in thousands) |  |  |  | (in thousands) |  |
Unvested Deferred Awards at beginning of year | 469 |  |  | $ | 61.19 |  |  | 473 |  |  | $ | 54.62 |  |  | 592 |  |  | $ | 49.02 |
Granted | 212 |  |  | 110.17 |  |  | 189 |  |  | 72.19 |  |  | 196 |  |  | 64.62 |
Vested | (202 | ) |  | 62.30 |  |  | (163 | ) |  | 54.35 |  |  | (250 | ) |  | 49.02 |
Forfeited | (59 | ) |  | 83.25 |  |  | (30 | ) |  | 63.88 |  |  | (65 | ) |  | 55.35 |
Unvested Deferred Awards at end of year | 420 |  |  | $ | 82.30 |  |  | 469 |  |  | $ | 61.19 |  |  | 473 |  |  | $ | 54.62 |
Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $19.6 million as of February 3, 2018, which will be recognized over a weighted average period of approximately 1.9 years. The fair value of Deferred Awards held by the Company's employees that vested during Fiscal 2017, Fiscal 2016, and Fiscal 2015 was approximately $23.6 million, $12.2 million, and $15.5 million, respectively. Performance Awards
| Fiscal Year Ended
| February 3, 2018 |  | January 28, 2017 |  | January 30, 2016
| Number of Performance Shares (1) |  | Weighted Average Grant Date Fair Value |  | Number of Performance Shares (1) |  | Weighted Average Grant Date Fair Value |  | Number of Performance Shares (1) |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |  |  | (in thousands) |  |  |  | (in thousands) |  |
Unvested Performance Awards at beginning of year | 515 |  |  | $ | 68.11 |  |  | 375 |  |  | $ | 61.37 |  |  | 345 |  |  | $ | 50.18 |
Granted | 172 |  |  | 113.76 |  |  | 204 |  |  | 75.19 |  |  | 195 |  |  | 70.91 |
Shares earned in excess of target | 203 |  | 203 |  | 50.97 |  |  | — |  |  | — |  |  | — |  |  | — |
Vested shares, including shares earned in excess of target | (301 | ) |  | 50.97 |  |  | (54 | ) |  | 48.26 |  |  | (147 | ) |  | 48.02 |
Forfeited | (45 | ) |  | 86.80 |  |  | (10 | ) |  | 67.11 |  |  | (18 | ) |  | 59.49 |
Unvested Performance Awards at end of year | 544 |  |  | $ | 84.11 |  |  | 515 |  |  | $ | 68.11 |  |  | 375 |  |  | $ | 61.37 |
____________________________________________
(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. Based on the current number of Performance Awards expected to be earned, the total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $27.0 million as of February 3, 2018, which will be recognized over a weighted average period of approximately 1.7 years. The fair value of Performance Awards held by the Company's employees that vested during Fiscal 2017, Fiscal 2016, and Fiscal 2015 was approximately $49.1 million, $4.4 million, and $2.3 million, respectively. Stock Options No stock options were issued during Fiscal 2017, Fiscal 2016, and Fiscal 2015 and at February 3, 2018, there were no stock options outstanding. Outstanding Stock Options Changes in the Company’s outstanding stock options for Fiscal 2017 were as follows:
|  | Fiscal Year Ended
|  | February 3, 2018 |  | January 28, 2017 |  | January 30, 2016
|  | Number of Options |  | Weighted Average Exercise Price |  | Number of Options |  | Weighted Average Exercise Price |  | Number of Options |  | Weighted Average Exercise Price
|  | (in thousands) |  |  |  | (in thousands) |  |  |  | (in thousands) |  |
Options outstanding at beginning of year |  | — |  |  | $ | — |  |  | 15 |  |  | $ | 29.05 |  |  | 30 |  |  | $ | 29.05 |
Granted |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Exercised (1) |  | — |  |  | — |  |  | (15 | ) |  | 29.05 |  |  | (15 | ) |  | 29.05 |
Forfeited |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Options outstanding at end of year(2) |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | 15 |  |  | $ | 29.05 |
Options exercisable at end of year(2) |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | 15 |  |  | $ | 29.05 |
____________________________________________
(1) | The aggregate intrinsic value of options exercised was approximately $0.7 million and $0.5 million for Fiscal 2016 and Fiscal 2015, respectively.
(2) | The aggregate intrinsic value of options outstanding and exercisable at the end of Fiscal 2015 was approximately $0.5 million.

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- 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
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