REDEEMABLE SHARES |
9 Months Ended | ||||||||||||
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Oct. 28, 2016 | |||||||||||||
Temporary Equity Disclosure [Abstract] | |||||||||||||
REDEEMABLE SHARES | REDEEMABLE SHARES Awards under the Restated Plan and the 2013 Plan described in Note 18 of the Notes to the Unaudited Condensed Consolidated Financial Statements include certain rights that allow the holder to exercise a put feature for the underlying Class C Common Stock after a six-month holding period following the issuance of such common stock, requiring the Company to purchase the stock at its fair market value. Accordingly, these awards are subject to reclassification from equity to temporary equity, and the Company determines the amounts to be classified as temporary equity as follows:
The amount of redeemable shares classified as temporary equity as of October 28, 2016 and January 29, 2016 was $187 million and $106 million, respectively. As of October 28, 2016, the redeemable shares consisted of 1.0 million issued and outstanding common shares, 8.0 million RSUs, 2.7 million RSAs, and 36.0 million outstanding stock options. As of January 29, 2016, the redeemable shares consisted of 0.9 million issued and outstanding common shares, 0.1 million unvested restricted stock units, and 18.6 million outstanding stock options. |