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Share-Based Compensation (Tables)
 3 Months Ended
May 04, 2019
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for the thirteen weeks ended May 4, 2019:
 
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 2, 2019
2,020,030

 
$
16.76

 
801,527

 
$
13.65

 
435,970

 
$
21.24

Granted
617,986

 
23.42

 
230,464

 
23.05

 
115,238

 
36.24

Adjustments for performance achievement
—

 
—

 
(90,616
)
 
24.06

 
(72,497
)
 
28.20

Vested
(629,090
)
 
17.44

 
—

 
—

 
(18,125
)
 
28.20

Forfeited
(55,590
)
 
16.12

 
(4,903
)
 
22.94

 
—

 
—

Unvested at May 4, 2019
1,953,336

 
$
18.67

 
936,472

 
$
14.88

 
460,586

 
$
23.63



(1) 
Includes 370,616 unvested restricted stock units as of May 4, 2019, subject to vesting requirements related to the achievement of certain performance metrics, such as operating income and net income, for the fiscal year immediately preceding the vesting date. Holders of these restricted stock units have the opportunity to earn back one or more installments of the award if the cumulative performance requirements are met in a subsequent year. Unvested shares related to restricted stock units with performance-based and market-based vesting conditions can achieve up to 200% of their target vesting amount and are reflected at 100% of their target vesting amount in the table above.
Schedule of Stock Appreciation Rights Activity
Stock appreciation rights

The following table summarizes stock appreciation rights activity for the thirteen weeks ended May 4, 2019:
 
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life (years)
Outstanding at February 2, 2019
1,041,867

 
$
37.81

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
(43,463
)
 
22.41

 
 
 
 
Forfeited or expired
(52,725
)
 
33.96

 
 
 
 
Outstanding at May 4, 2019
945,679

 
$
38.75

 
$
2,217,851

 
3.4
Stock appreciation rights exercisable at May 4, 2019
936,341

 
$
38.93

 
$
2,126,591

 
3.4
Stock appreciation rights expected to become exercisable in the future as of May 4, 2019
8,989

 
$
20.72

 
$
87,773

 
6.3

As of May 4, 2019, total unrecognized compensation cost related to stock appreciation rights was insignificant and is expected to be recognized over a weighted-average period of 3 months.

The grant date fair value of stock appreciation rights that vested during the thirteen weeks ended May 4, 2019 and May 5, 2018 was $2.4 million and $0.9 million, respectively.
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 May 4, 2019 and May 5, 2018 were as follows:
 
May 4, 2019
 
May 5, 2018
Grant date market price
$
25.34

 
$
23.59

Fair value
$
36.24

 
$
33.69

Assumptions:
 
 
 
Price volatility
57
%
 
54
%
Expected term (years)
2.9

 
2.9

Risk-free interest rate
2.2
%
 
2.4
%
Dividend yield
3.2
%
 
3.4
%
Average volatility of peer companies
40.0
%
 
37.4
%
Average correlation coefficient of peer companies
0.2407

 
0.2709