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Share-Based Compensation (Tables)

6 Months Ended

Aug. 02, 2014

Below is a summary of stock option activity for the twenty-six weeks ended August 2, 2014:



	Number of Underlying Shares		Weighted-Average Exercise Price		Aggregate Intrinsic Value		Weighted-Average Remaining Contractual Life
Outstanding at February 1, 2014	532,400		$	65.37
Granted	—		—
Exercised	(5,000	)	31.07
Forfeited or expired	(3,800	)	78.65
Outstanding at August 2, 2014	523,600		$	65.60	$	1,108,040	2.7
Stock options exercisable at August 2, 2014	523,600		$	65.60	$	1,108,040	2.7

Schedule of Stock Appreciation Rights Activity

The following table summarizes stock appreciation rights activity for the twenty-six weeks ended August 2, 2014:



	Number of Underlying Shares		Weighted-Average Exercise Price		Aggregate Intrinsic Value		Weighted-Average Remaining Contractual Life
Outstanding at February 1, 2014	8,982,959		$	40.76
Granted	393,400		38.64
Exercised	(92,475	)	26.92
Forfeited or expired	(47,200	)	45.25
Outstanding at August 2, 2014	9,236,684		$	40.78	$	39,358,715	3.2
Stock appreciation rights exercisable at August 2, 2014	8,397,009		$	40.42	$	39,127,225	2.7
Stock appreciation rights expected to become exercisable in the future as of August 2, 2014	760,700		$	44.70	$	207,425	8.7

Schedule of Weighted-Average Estimated Fair Value and Assumptions of Stock Appreciation Rights

The weighted-average assumptions used in the Black-Scholes option-pricing model for stock appreciation rights granted during the twenty-six week periods ended ended August 2, 2014 and August 3, 2013, were as follows:



	Executive Officers other than the CEO						All Other Associates
	August 2, 2014			August 3, 2013			August 2, 2014			August 3, 2013
Grant date market price	$	37.85		$	46.57		$	38.62		$	45.85
Exercise price	$	38.44		$	46.57		$	38.62		$	45.85
Fair value	$	14.04		$	20.34		$	13.58		$	16.98
Assumptions:
Price volatility	50		%	61		%	50		%	54		%
Expected term (years)	4.9			4.7			4.1			4.1
Risk-free interest rate	1.6		%	0.7		%	1.4		%	0.6		%
Dividend yield	2.0		%	1.8		%	1.9		%	1.8		%

Schedule of Restricted Stock Unit Activity

The following table summarizes activity for restricted stock units with performance and/or service vesting conditions for the twenty-six weeks ended August 2, 2014:



	Number of Underlying Shares		Weighted-Average Grant Date Fair Value
Unvested at February 1, 2014	1,426,579		$	46.00
Granted ⁽¹⁾	616,825		33.83
Vested	(338,143	)	48.49
Forfeited	(140,579	)	43.60
Unvested at August 2, 2014	1,564,682		$	40.45


⁽¹⁾	Includes 158,922 shares, which represents "target performance," related to grants of restricted stock units with performance vesting conditions at their targeted vesting amount. The number of shares that ultimately are earned can vary from 0% - 200% of target depending on the level of achievement of performance criteria.

Restricted Stock Units with Market Vesting Conditions

Schedule of Weighted-Average Estimated Fair Value and Assumptions of Restricted Stock Units with Market Vesting Conditions

The weighted-average assumptions used in the Monte Carlo simulation during the twenty-six week period ended August 2, 2014 , were as follows:



	Chief Executive Officer			Other Executive Officers
Grant date market price	$	38.50		$	38.50
Fair value	$	43.96		$	46.86
Assumptions:
Price volatility	50		%	50		%
Expected term (years)	2.8			2.8
Risk-free interest rate	0.8		%	0.8		%
Dividend yield	2.1		%	2.1		%

Schedule of Restricted Stock Unit Activity

The following table summarizes activity for restricted stock units with market vesting conditions for the twenty-six weeks ended August 2, 2014:



	Number of Underlying Shares		Weighted-Average Grant Date Fair Value
Unvested at February 1, 2014	—		$	—
Granted ⁽¹⁾	79,458		45.02
Vested	—		—
Forfeited	(1,666	)	46.86
Unvested at August 2, 2014	77,792		$	44.98


⁽¹⁾	Reflects the target vesting amount granted. However, the number of shares that ultimately are earned can vary from 0% - 200% of target depending on market performance.