Stock-Based Compensation (Tables)
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12 Months Ended |
Jan. 31, 2015
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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Summary of Stock Option Activity |
A summary of
stock option activity under the Option Plan and the Stock Incentive
Plan for fiscal 2014 is as follows:
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Options |
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Weighted-Average
Exercise Price |
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Outstanding—February
1, 2014
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9,147,306 |
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$ |
46.46 |
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Granted
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1,262,735 |
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62.97 |
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Exercised
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(1,603,534 |
) |
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39.50 |
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Forfeited
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(54,882 |
) |
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57.00 |
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Retired
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(2,035,319 |
) |
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46.06 |
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Outstanding—January
31, 2015
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6,716,306 |
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$ |
51.26 |
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Schedule of Assumptions Used to Estimate Fair Value of Stock Options Issued |
The fair value
of stock options issued during fiscal 2014, fiscal 2013 and fiscal
2012 was estimated on the date of grant using the following
assumptions:
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Fiscal 2014 |
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Fiscal 2013 |
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Fiscal 2012 |
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Expected
volatility
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39.7 |
% |
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39.7 |
% |
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35.4 |
% |
Expected life
(years)
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6.5 |
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6.7 |
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5.3 |
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Risk-free interest
rate
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2.0 |
% |
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1.9 |
% |
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1.6 |
% |
Dividend yield
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— |
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— |
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— |
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Summary of Additional Information about Stock Options |
A summary of
additional information about stock options is as
follows:
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Fiscal 2014 |
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Fiscal 2013 |
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Fiscal 2012 |
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Weighted-average fair value
per share of stock options granted
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$ |
26.92 |
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$ |
30.49 |
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$ |
6.34 |
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Aggregate intrinsic value
of stock options exercised (in thousands)
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$ |
62,015 |
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$ |
11,623 |
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$ |
— |
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Fair value of stock options
vested (in thousands)
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$ |
2,246 |
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$ |
33,871 |
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$ |
51,063 |
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Schedule of Stock Options Outstanding, Vested or Expected to Vest, and Exercisable |
Information
about stock options outstanding, vested or expected to vest, and
exercisable as of January 31, 2015 is
as follows:
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Options
Outstanding |
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Options
Exercisable |
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Range of
Exercise Prices
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Number of
Options |
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Weighted-
Average
Remaining
Contractual
Life (in years) |
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Weighted-
Average
Exercise Price |
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Number of
Options |
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Weighted-
Average
Exercise Price |
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$24.00 - $29.00
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1,113,820 |
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7.73 |
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$ |
27.56 |
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1,113,820 |
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$ |
27.56 |
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$32.35 - $39.00
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98,125 |
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7.75 |
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34.02 |
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2,125 |
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32.61 |
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$46.50 - $46.50
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2,976,826 |
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7.75 |
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46.50 |
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2,976,826 |
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46.50 |
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$56.27 - $74.03
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1,408,400 |
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9.11 |
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61.52 |
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52,825 |
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62.28 |
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$75.43 - $87.48
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1,119,135 |
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8.50 |
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76.12 |
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1,009,000 |
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75.44 |
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Total
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6,716,306 |
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8.16 |
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$ |
51.26 |
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5,154,596 |
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$ |
48.23 |
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Vested or expected to
vest
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6,566,625 |
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8.13 |
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$ |
50.99 |
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Summary of Restricted Stock Award Activity |
A summary of
restricted stock award activity under the Stock Incentive Plan for
fiscal 2014 is as follows:
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Options |
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Weighted-Average
Grant Date Fair Value |
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Intrinsic Value |
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Outstanding—February
1, 2014
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289,747 |
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$ |
65.36 |
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Granted
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562,832 |
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63.59 |
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Released
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(96,186 |
) |
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64.17 |
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Cancelled
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(36,395 |
) |
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66.25 |
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Outstanding—January
31, 2015
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719,998 |
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$ |
64.09 |
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$ |
63,021,425 |
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Summary of Additional Information about Restricted Stock Awards |
A summary of
additional information about restricted stock awards is as
follows:
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Fiscal 2014 |
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Fiscal 2013 |
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Fiscal 2012 |
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Weighted-average fair value
per share of awards granted
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$ |
63.59 |
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$ |
65.37 |
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$ |
24.00 |
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Grant date fair value of
awards released (in thousands)
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$ |
6,172 |
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$ |
760 |
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$ |
975 |
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