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STOCK-BASED COMPENSATION AND BENEFIT PLANS (Tables)
3 Months Ended
May 01, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Stock Option, Performance Share Unit and Restricted Share Activity
A summary of the balances of the Company's stock-based compensation plans as of May 1, 2022, and changes during the first quarter then ended, is presented below:
Stock OptionsPerformance-Based Restricted Stock UnitsRestricted SharesRestricted Stock Units
NumberWeighted-Average Exercise PriceNumberWeighted-Average Grant Date Fair ValueNumberWeighted-Average Grant Date Fair ValueNumberWeighted-Average Grant Date Fair Value
(In thousands, except per share amounts)
Balance as of January 30, 2022789 $186.10 167 $225.27 $326.70 238 $265.90 
Granted172 376.92 114 273.49 — — 93 376.92 
Exercised/released36 142.09 114 170.04 — — 89 214.60 
Forfeited/expired261.38 304.24 — — 317.78 
Balance as of May 1, 2022920 $223.21 165 $295.62 $326.70 238 $327.25 
Exercisable as of May 1, 2022415 $152.79 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The
following are weighted averages of the assumptions that were used in calculating the fair value of stock options granted during the first quarter of 2022:
First Quarter
 2022
Expected term3.75 years
Expected volatility40.00 %
Risk-free interest rate2.51 %
Dividend yield— %