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Share-Based Compensation (Tables)
3 Months Ended
Apr. 29, 2017
Schedule of Stock Option Activity
The following table summarizes stock option activity for the thirteen weeks ended April 29, 2017:
 
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life
Outstanding at January 28, 2017
189,800

 
$
76.62

 
 
 
 
Granted

 

 
 
 
 
Exercised

 

 
 
 
 
Forfeited or expired
(75,000
)
 
73.42

 
 
 
 
Outstanding at April 29, 2017
114,800

 
$
78.71

 
$

 
0.8
Stock options exercisable at April 29, 2017
114,800

 
$
78.71

 
$

 
0.8
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for the thirteen weeks ended April 29, 2017:
 
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life
Outstanding at January 28, 2017
4,079,050

 
$
47.49

 
 
 
 
Granted

 

 
 
 
 
Exercised

 

 
 
 
 
Forfeited or expired
(888,197
)
 
44.34

 
 
 
 
Outstanding at April 29, 2017
3,190,853

 
$
48.50

 
$

 
3.0
Stock appreciation rights exercisable at April 29, 2017
2,841,662

 
$
51.22

 
$

 
2.5
Stock appreciation rights expected to become exercisable in the future as of April 29, 2017
267,161

 
$
26.63

 
$

 
7.7
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for the thirteen weeks ended April 29, 2017:
 
Service-based Restricted
Stock Units
 
Performance-based Restricted
Stock Units
 
Market-based Restricted
Stock Units
 
Number of 
Underlying
Shares(1)
 
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 28, 2017
1,915,461

 
$
25.47

 
203,923

 
$
22.53

 
184,892

 
$
26.89

Granted
1,408,972

 
9.61

 
524,030

 
9.11

 
236,872

 
11.79

Adjustments for performance achievement

 

 

 

 

 

Vested
(466,291
)
 
28.86

 

 

 

 

Forfeited
(122,813
)
 
22.37

 
(5,163
)
 
25.15

 
(5,165
)
 
29.55

Unvested at April 29, 2017
2,735,329

 
$
16.81

 
722,790

 
$
12.26

 
416,599

 
$
17.25



(1) 
This includes 786,449 unvested restricted stock units as of April 29, 2017 that are subject to the requirement that the Company must achieve at least $1.00 of GAAP net income attributable to A&F for the fiscal year in order to vest.

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 in the Monte Carlo simulation during the thirteen weeks ended April 29, 2017 and April 30, 2016 were as follows:
 
April 29, 2017
 
April 30, 2016
Grant date market price
$
11.43

 
$
31.67

Fair value
$
11.79

 
$
38.22

Assumptions:
 
 
 
Price volatility
47
%
 
44
%
Expected term (years)
2.9

 
2.8

Risk-free interest rate
1.5
%
 
1.1
%
Dividend yield
7.0
%
 
2.5
%
Average volatility of peer companies
35.2
%
 
34.4
%
Average correlation coefficient of peer companies
0.2664

 
0.3382