Stock-Based Compensation (Tables)

12 Months Ended

Jan. 29, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Stock Units Activity

The following table summarizes our restricted stock unit activity during fiscal 2022:

	Shares	Weighted Average Grant Date Fair Value		Weighted Average Contractual Term Remaining (Years)	Intrinsic Value 1
Balance at January 30, 2022	2,384,032	$	83.49
Granted	538,214	156.64
Granted, with vesting subject to performance conditions	131,774	162.28
Released 2	(995,544)	66.61
Cancelled	(376,789)	107.79
Balance at January 29, 2023	1,681,687	$	117.62	2.74	$	213,019,000
Vested plus expected to vest at January 29, 2023	1,547,297	$	121.24	3.19	$	195,996,000

1Intrinsic value for outstanding and unvested restricted stock units is based on the market value of our common stock on the last business day of the fiscal year (or $126.67).

2Excludes 224,028 incremental shares released due to achievement of performance conditions above target.

The following table summarizes additional information about restricted stock units:

	For the Fiscal Year Ended
	January 29, 2023		January 30, 2022		January 31, 2021
Weighted average grant date fair value per share of awards granted	$	157.75	$	172.46	$	59.51
Intrinsic value of awards released1 2	$	180,450,000	$	234,293,000	$	74,853,000

1Intrinsic value for releases is based on the market value on the date of release.

2Includes 224,028 incremental shares released due to achievement of performance conditions above target.