Stock-Based Compensation (Tables)
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12 Months Ended |
Feb. 01, 2020 |
Stock-Based Compensation. |
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Summary of Stock Option Activity |
| | | | | | | | | | Weighted-Average | | | Options | | Exercise Price | Outstanding—February 2, 2019 | | 7,499,416 | | $ | 54.37 | Granted | | 534,050 | | | 110.17 | Exercised | | (643,090) | | | 42.20 | Cancelled | | (255,641) | | | 90.88 | Outstanding—February 1, 2020 | | 7,134,735 | | $ | 58.34 |
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Schedule of Assumptions Used to Estimate Fair Value of Stock Options Issued |
| | | | | | | | | | Year Ended | | | | February 1, | | February 2, | | February 3, | | | | 2020 | | 2019 | | 2018 | | Expected volatility | | 55.7 | % | 54.7 | % | 48.3 | % | Expected life (years) | | 7.1 | | 6.7 | | 9.3 | | Risk-free interest rate | | 2.3 | % | 2.9 | % | 2.2 | % | Dividend yield | | — | | — | | — | |
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Summary of Additional Information about Stock Options |
| | | | | | | | | | | | Year Ended | | | February 1, | | February 2, | | February 3, | | | 2020 | | 2019 | | 2018 | Weighted-average fair value per share of stock options granted | | $ | 63.35 | | $ | 69.60 | | $ | 24.24 | Aggregate intrinsic value of stock options exercised (in thousands) | | | 82,718 | | | 77,311 | | | 27,362 | Fair value of stock options vested (in thousands) | | | 11,816 | | | 13,915 | | | 38,402 |
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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 February 1, 2020 is as follows: | | | | | | | | | | | | | | | Options Outstanding | | Options Exercisable | | | | | Weighted- | | | | | | | | | | | | | Average | | Weighted- | | | | Weighted- | | | | | Remaining | | Average | | | | Average | | | Number of | | Contractual | | Exercise | | Number of | | Exercise | Range of Exercise Prices | | Options | | Life (in years) | | Price | | Options | | Price | $25.39 — $45.82 | | 1,011,010 | | 6.08 | | $ | 35.59 | | 431,410 | | $ | 34.70 | $46.50 — $46.50 | | 2,876,826 | | 2.75 | | | 46.50 | | 2,876,826 | | | 46.50 | $47.53 — $61.30 | | 1,294,395 | | 6.64 | | | 52.47 | | 1,270,635 | | | 52.38 | $68.30 — $90.92 | | 1,160,604 | | 3.68 | | | 77.21 | | 1,101,689 | | | 76.67 | $91.67 — $212.77 | | 781,900 | | 8.79 | | | 110.66 | | 53,150 | | | 107.11 | $241.97 — $241.97 | | 10,000 | | 9.84 | | | 241.97 | | — | | | — | Total | | 7,134,735 | | 4.75 | | $ | 58.34 | | 5,733,710 | | $ | 53.27 | Vested or expected to vest | | 6,819,795 | | | | $ | 56.93 | | | | | |
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Summary of Restricted Stock Award Activity |
| | | | | | | | | | | | | Weighted- | | | | | | | | Average | | | | | | | | Grant Date Fair | | Intrinsic | | | Awards | | Value | | Value | Outstanding—February 2, 2019 | | 415,469 | | $ | 52.40 | | | | Granted | | 7,014 | | | 129.21 | | | | Released | | (176,508) | | | 59.61 | | | | Cancelled | | (25,990) | | | 53.05 | | | | Outstanding—February 1, 2020 | | 219,985 | | $ | 49.00 | | $ | 45,921,869 |
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Summary of Additional Information about Restricted Stock Awards |
| | | | | | | | | | | | Year Ended | | | February 1, | | February 2, | | February 3, | | | 2020 | | 2019 | | 2018 | Weighted-average fair value per share of awards granted | | $ | 129.21 | | $ | 111.38 | | $ | 55.31 | Grant date fair value of awards released (in thousands) | | | 10,522 | | | 11,477 | | | 16,839 |
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