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Share-Based Compensation (Tables)
 9 Months Ended
Nov. 01, 2014
Schedule of Stock Option Activity
Below is a summary of stock option activity for the thirty-nine weeks ended November 1, 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
(7,500
)
 
33.74

 
 
 
 
Forfeited or expired
(25,175
)
 
68.76

 
 
 
 
Outstanding at November 1, 2014
499,725

 
$
65.67

 
$
803,620

 
2.0
Stock options exercisable at November 1, 2014
499,725

 
$
65.67

 
$
803,620

 
2.0
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for the thirty-nine weeks ended November 1, 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
395,300

 
38.62

 
 
 
 
Exercised
(92,475
)
 
26.92

 
 
 
 
Forfeited or expired
(198,275
)
 
47.92

 
 
 
 
Outstanding at November 1, 2014
9,087,509

 
$
40.65

 
$
21,081,713

 
2.8
Stock appreciation rights exercisable at November 1, 2014
8,352,634

 
$
40.38

 
$
21,068,363

 
2.3
Stock appreciation rights expected to become exercisable in the future as of November 1, 2014
666,668

 
$
43.96

 
$
10,598

 
8.6
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 thirty-nine weeks ended ended November 1, 2014 and November 2, 2013, were as follows:
 
Executive Officers other than the CEO
 
All Other Associates
 
November 1, 2014
 
November 2, 2013
 
November 1, 2014
 
November 2, 2013
Grant date market price
$
37.85

 
$
46.57

 
$
38.58

 
$
45.46

Exercise price
$
38.44

 
$
46.57

 
$
38.79

 
$
45.46

Fair value
$
14.04

 
$
20.34

 
$
13.56

 
$
16.82

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 thirty-nine weeks ended November 1, 2014:
 
Number of Underlying
Shares
 
Weighted-Average
Grant Date
Fair Value
Unvested at February 1, 2014
1,426,579

 
$
46.00

Granted (1)
632,925

 
34.75

Vested
(352,359
)
 
48.32

Forfeited
(211,931
)
 
44.04

Unvested at November 1, 2014
1,495,214

 
$
40.35



(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 vest 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 thirty-nine weeks ended November 1, 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
%
Average volatility of peer companies
37.3
%
 
37.3
%
Average correlation coefficient of peer companies
0.3786

 
0.3786
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units with market vesting conditions for the thirty-nine weeks ended November 1, 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 November 1, 2014
77,792

 
$
44.98


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