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STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
May 03, 2015
May 04, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block]
The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the thirteen weeks ended May 3, 2015 and May 4, 2014:
 
Thirteen Weeks Ended
 
5/3/15
 
5/4/14
Weighted average risk-free interest rate
1.54
%
 
2.16
%
Weighted average expected option term (in years)    
6.25

 
6.25

Weighted average Company volatility
36.32
%
 
44.14
%
Expected annual dividends per share    
$
0.15

 
$
0.15

Weighted average grant date fair value per option
$
40.25

 
$
56.36


The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected option term. The expected option term represents the weighted average period of time that options granted are expected to be outstanding, based on vesting schedules and the contractual term of the options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected option term. Expected dividends are based on the Company’s common stock cash dividend rate at the date of grant.

The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants, mainly due to acquisitions. The Company will continue to evaluate the appropriateness of utilizing such method.
  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Service-based stock option activity for the thirteen weeks ended May 3, 2015 was as follows:
(In thousands, except per option data)
Options
 
Weighted Average Exercise Price
Per Option
Outstanding at February 1, 2015
1,472

 
$
64.14

  Granted
169

 
107.18

  Exercised
74

 
49.79

  Cancelled
12

 
107.70

Outstanding at May 3, 2015
1,555

 
$
69.18

Exercisable at May 3, 2015
1,128

 
$
56.15

  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
RSU activity for the thirteen weeks ended May 3, 2015 was as follows:
(In thousands, except per RSU data)
RSUs
 
Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 1, 2015
640

 
$
107.42

  Granted
280

 
104.17

  Vested
130

 
85.21

  Cancelled
31

 
113.36

Non-vested at May 3, 2015
759

 
$
109.77

  
Schedule of Restricted Stock Activity [Table Text Block]
Restricted stock activity for the thirteen weeks ended May 3, 2015 was as follows:
(In thousands, except per share data)
Restricted Stock
 
Weighted Average Grant Date Fair Value Per Share
Non-vested at February 1, 2015
20

 
$
120.72

  Granted
—

 
—

  Vested
17

 
120.72

  Cancelled
—

 
—

Non-vested at May 3, 2015
3

 
$
120.72

  
Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block]  
The fair value of the awards granted in the first quarter of 2015 was established on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:

Risk-free interest rate
0.90
%
Expected Company volatility
29.10
%
Expected annual dividends per share
$
0.15

Grant date fair value per performance share unit
$
101.23
Schedule of Nonvested Performance-based Units Activity [Table Text Block]
Performance share activity for the thirteen weeks ended May 3, 2015 was as follows:
(In thousands, except per share data)
Performance Shares
 
Weighted Average Grant Date Fair Value Per Share
Non-vested at February 1, 2015
553

 
$
119.95

  Granted
46

 
101.23

  Vested
54

 
88.52

  Cancelled
22

 
120.28

Non-vested at May 3, 2015
523

 
$
121.53