STOCK-BASED COMPENSATION (Tables)

3 Months Ended

May 01, 2022

Share-Based Payment Arrangement [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 stock options granted during the thirteen weeks ended May 1, 2022 and May 2, 2021 and the resulting weighted average grant date fair value per stock option:

	5/1/22			5/2/21
Weighted average risk-free interest rate	2.50		%	1.24		%
Weighted average expected stock option term (in years)	6.25			6.25
Weighted average Company volatility	47.34		%	47.58		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per stock option	$	34.27		$	48.28

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 stock option term. The expected stock option term represents the weighted average period of time that stock options

granted are expected to be outstanding, based on vesting schedules and the contractual term of the stock options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected stock option term. Expected dividends are based on the anticipated common stock cash dividend rate for the Company at the time of grant; the dividend assumption for the stock options granted during the thirteen weeks ended May 2, 2021 was not affected by the Company’s suspension of its cash dividend beginning with the second quarter of 2020 in response to the impacts of the COVID-19 pandemic on its business and as a condition of the June 2020 Amendment that was in effect through June 10, 2021, as such suspension was viewed as temporary. Please see Note 15, “Stockholders' Equity,” for further discussion of dividends on the Company’s common stock.

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 stock option grants. The Company will continue to evaluate the appropriateness of utilizing such method.

Share-based Payment Arrangement, Option, Activity [Table Text Block]

Stock option activity for the thirteen weeks ended May 1, 2022 was as follows:

(In thousands, except per stock option data)	Stock Options	Weighted Average Exercise Price Per Stock Option
Outstanding at January 30, 2022	688	$	103.40
Granted	134	71.51
Exercised	—	—
Forfeited / Expired	49	83.23
Outstanding at May 1, 2022	773	$	99.15
Exercisable at May 1, 2022	509	$	111.17

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

RSU activity for the thirteen weeks ended May 1, 2022 was as follows:

(In thousands, except per RSU data)	RSUs	Weighted Average Grant Date Fair Value Per RSU
Non-vested at January 30, 2022	1,176	$	88.09
Granted	206	72.48
Vested	183	101.90
Forfeited	37	88.91
Non-vested at May 1, 2022	1,162	$	83.12

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

Total PSU activity for the thirteen weeks ended May 1, 2022 was as follows:

(In thousands, except per PSU data)	PSUs	Weighted Average Grant Date Fair Value Per PSU
Non-vested at January 30, 2022	248	$	93.15
Granted	—	—
Reduction due to market conditions not satisfied	47	128.75
Vested	—	—
Forfeited	2	77.54
Non-vested at May 1, 2022	199	$	84.98