Share-Based Compensation (Tables)

6 Months Ended

Aug. 02, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Assumptions used to Compute Share-Based Compensation Expense

The following table shows the Company’s assumptions used to compute the share-based compensation expense: 

	Stock Option Plans Twenty-six weeks ended						Stock Purchase Plan Twenty-six weeks ended
	August 2,			August 3,			August 2,			August 3,
	2014			2013			2014			2013
Weighted-average risk free rate of interest		2.11	%		1.02	%		0.15	%		0.17	%
Expected volatility		39	%		42	%		24	%		40	%
Weighted-average expected award life		6.1 years			6.0 years			1.0 year			1.0 year
Dividend yield		2.0	%		2.3	%		2.2	%		2.3	%
Weighted-average fair value	$	14.88		$	10.99		$	6.60		$	5.79

Options Granted under Stock Option Plans

The information in the following table covers options granted under the Company’s stock option plans for the twenty-six weeks ended August 2, 2014.

(in thousands, except price per share and  weighted-average term)	Shares		Weighted- Average Term		Weighted- Average Exercise Price
Options outstanding at the beginning of the year		5,668			$	22.66
Granted		767				45.11
Exercised		(611)				21.46
Expired or cancelled		(34)				38.35
Options outstanding at August 2, 2014		5,790		6.70	$	25.67
Options exercisable at August 2, 2014		3,950		5.68	$	19.87
Options available for future grant at August 2, 2014		13,970

Total Intrinsic Value of Options Exercised

The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below:

	Thirteen weeks ended				Twenty-six weeks ended
	August 2,		August 3,		August 2,		August 3,
	2014		2013		2014		2013
Exercised	$	4	$	8	$	15	$	13

Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable

The aggregate intrinsic value for stock options outstanding and for stock options exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below:

	Twenty-six weeks ended
	August 2,		August 3,
	2014		2013
Outstanding	$	130	$	91
Outstanding and exercisable	$	112	$	75

Information about Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at August 2, 2014:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding	Weighted- Average Remaining Contractual Life	Weighted-  Average Exercise Price		Number  Exercisable	Weighted-  Average Exercise Price
	(in thousands, except prices per share and contractual life)
$9.85 to $15.10	1,520	5.13	$	12.46	1,520	$	12.46
$18.80 to $23.92	1,454	5.38	$	19.95	1,450	$	19.95
$24.04 to $34.24	2,029	7.72	$	32.29	962	$	31.09
$34.27 to $50.71	787	9.56	$	44.64	18	$	38.31
	5,790	6.70	$	25.67	3,950	$	19.87

Changes in Nonvested Options

Changes in the Company’s nonvested options for the twenty-six weeks ended August 2, 2014 are summarized as follows:

(in thousands, except price per share)	Number of  Shares		Weighted- Average Grant Date Fair Value per Share
Nonvested at the beginning of the year		2,173	$	30.10
Granted		767		45.11
Vested		(1,066)		26.82
Expired or cancelled		(34)		38.35
Nonvested at August 2, 2014		1,840	$	38.11

Restricted Shares and Units Activity

Restricted shares and units activity for the twenty-six weeks ended August 2, 2014 and August 3, 2013 is summarized as follows:

	Number of Shares and Units
(in thousands)	August 2, 2014		August 3, 2013
Outstanding at beginning of period		1,369		1,564
Granted		320		440
Vested		(649)		(639)
Cancelled or forfeited		(33)		(12)
Outstanding at end of period		1,007		1,353
Aggregate value (in millions)	$	37	$	36
Weighted-average remaining contractual life		1.57 years		1.33 years