XML 54 R37.htm IDEA: XBRL DOCUMENT v3.19.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Feb. 02, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for Fiscal 2018:
 
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 February 3, 2018
2,520,160

 
$
15.35

 
690,174

 
$
11.82

 
383,980

 
$
16.50

Granted
796,624

 
21.55

 
203,006

 
21.67

 
142,014

 
33.69

Adjustments for performance achievement
—

 
—

 
(43,999
)
 
20.10

 
(36,817
)
 
19.04

Vested
(982,188
)
 
17.41

 
—

 
—

 
(7,185
)
 
19.04

Forfeited
(314,566
)
 
15.70

 
(47,654
)
 
15.32

 
(46,022
)
 
22.18

Unvested at February 2, 2019 (2)
2,020,030

 
$
16.76

 
801,527

 
$
13.65

 
435,970

 
$
21.24



(1) 
Includes 552,466 unvested restricted stock units as of February 2, 2019, subject to vesting requirements related to the achievement of certain performance metrics, such as operating income or net income, for the fiscal year immediately preceding the vesting date. Holders of these restricted stock units have the opportunity to earn back one of more installments of the award if cumulative performance requirements are met in a subsequent year.
(2) 
Unvested shares related to restricted stock units with performance-based vesting conditions are reflected at 100% of their target vesting amount in the table above.
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for Fiscal 2018:
 
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life (years)
Outstanding at February 3, 2018
3,010,720

 
$
49.35

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
(50,190
)
 
22.21

 
 
 
 
Forfeited or expired
(1,918,663
)
 
56.43

 
 
 
 
Outstanding at February 2, 2019
1,041,867

 
$
37.81

 
$
40,035

 
3.5
Stock appreciation rights exercisable at February 2, 2019
966,372

 
$
39.03

 
$
29,650

 
3.3
Stock appreciation rights expected to become exercisable in the future as of February 2, 2019
73,591

 
$
22.21

 
$
9,675

 
6.2
Schedule of Stock Option Activity
The following table summarizes stock option activity for Fiscal 2018:
 
Number of
Underlying
Shares
 
Weighted-
Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life (years)
Outstanding at February 3, 2018
87,200

 
$
78.20

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
—

 
—

 
 
 
 
Forfeited or expired
(87,200
)
 
78.20

 
 
 
 
Outstanding at February 2, 2019
—

 
$
—

 
$
—

 
0.0
Stock options exercisable at February 2, 2019
—

 
$
—

 
$
—

 
0.0
Market-based Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Weighted-Average Estimated Fair Value and Assumptions of Market-based Restricted Stock Units
The weighted-average assumptions used for market-based restricted stock units in the Monte Carlo simulation during Fiscal 2018, Fiscal 2017 and Fiscal 2016 were as follows:
 
Fiscal 2018
 
Fiscal 2017
 
Fiscal 2016
Grant date market price
$
23.59

 
$
11.43

 
$
28.06

Fair value
$
33.69

 
$
11.79

 
$
31.01

Assumptions:
 
 
 
 
 
Price volatility
54
%
 
47
%
 
45
%
Expected term (years)
2.9

 
2.9

 
2.7

Risk-free interest rate
2.4
%
 
1.5
%
 
1.0
%
Dividend yield
3.4
%
 
7.0
%
 
3.0
%
Average volatility of peer companies
37.4
%
 
35.2
%
 
34.5
%
Average correlation coefficient of peer companies
0.2709

 
0.2664

 
0.3415