Share-Based Compensation (Tables)

9 Months Ended

Oct. 31, 2015

The following table summarizes stock option activity for the thirty-nine weeks ended October 31, 2015:



	Number of Underlying Shares		Weighted-Average Exercise Price		Aggregate Intrinsic Value		Weighted-Average Remaining Contractual Life
Outstanding at January 31, 2015	328,100		$	64.64
Granted	—		—
Exercised	—		—
Forfeited or expired	(34,300	)	69.71
Outstanding at October 31, 2015	293,800		$	64.05	$	—	1.9
Stock options exercisable at October 31, 2015	293,800		$	64.05	$	—	1.9

Schedule of Stock Appreciation Rights Activity

The following table summarizes stock appreciation rights activity for the thirty-nine weeks ended October 31, 2015:



	Number of Underlying Shares		Weighted-Average Exercise Price		Aggregate Intrinsic Value		Weighted-Average Remaining Contractual Life
Outstanding at January 31, 2015	8,953,675		$	40.28
Granted	709,758		21.90
Exercised	—		—
Forfeited or expired	(165,150	)	39.70
Outstanding at October 31, 2015	9,498,283		$	38.92	$	—	2.3
Stock appreciation rights exercisable at October 31, 2015	8,326,609		$	40.31	$	—	1.4
Stock appreciation rights expected to become exercisable in the future as of October 31, 2015	1,039,928		$	29.31	$	—	8.9

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 October 31, 2015 and November 1, 2014, were as follows:



	Executive Officers						All Other Associates
	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
Grant date market price	$	22.46		$	37.85		$	21.99		$	38.58
Exercise price	$	22.46		$	38.44		$	21.99		$	38.79
Fair value	$	9.11		$	14.04		$	7.84		$	13.56
Assumptions:
Price volatility	49		%	50		%	49		%	50		%
Expected term (years)	6.1			4.9			4.4			4.1
Risk-free interest rate	1.5		%	1.6		%	1.3		%	1.4		%
Dividend yield	1.7		%	2.0		%	1.7		%	1.9		%

Schedule of Restricted Stock Unit Activity

The following table summarizes activity for restricted stock units for the thirty-nine weeks ended October 31, 2015:



	Service-based Restricted Stock Units				Performance-based Restricted Stock Units				Market-based Restricted Stock Units
	Number of Underlying Shares		Weighted- Average Grant Date Fair Value		Number of Underlying Shares		Weighted- Average Grant Date Fair Value		Number of Underlying Shares		Weighted- Average Grant Date Fair Value
Unvested at January 31, 2015	1,566,272		$	37.81	205,420		$	32.05	36,374		$	40.13
Granted ⁽¹⁾	1,060,293		20.49		113,331		20.10		113,337		19.04
Adjustments for performance achievement	—		—		(28,250	)	36.14		—		—
Vested	(437,946	)	41.00		(48,668	)	38.24		—		—
Forfeited	(181,378	)	35.62		(30,208	)	36.19		(7,000	)	28.31
Unvested at October 31, 2015	2,007,241		$	28.16	211,625		$	23.09	142,711		$	23.96


⁽¹⁾	Includes 226,668 shares granted at 100% of their target vesting amount related to restricted stock units with performance vesting conditions.

Market-based restricted stock units [Member]

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

The weighted-average assumptions used for market-based restricted stock units used in the Monte Carlo simulation during the thirty-nine weeks ended October 31, 2015 and November 1, 2014 were as follows:



	October 31, 2015			November 1, 2014
Grant date market price	$	22.46		$	38.50
Fair value	$	19.04		$	46.86
Assumptions:
Price volatility	45		%	50		%
Expected term (years)	2.8			2.8
Risk-free interest rate	0.9		%	0.8		%
Dividend yield	3.5		%	2.1		%
Average volatility of peer companies	34.0		%	37.3		%
Average correlation coefficient of peer companies	0.3288			0.3786