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Share-Based Compensation (Tables)
12 Months Ended
Jan. 26, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of allocation of stock-based compensation re-tax share-based compensation was included in the Statements of Income for fiscal years 2020, 2019 and 2018 as follows: 
 
Fiscal Year Ended
(in thousands)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
Net sales offset (Warrant)
$

 
$
21,501

 
$
16,219

Cost of sales
1,928

 
1,639

 
1,477

Selling, general and administrative
38,556

 
35,430

 
24,266

Product development and engineering
11,565

 
8,267

 
8,089

Share-based compensation
$
52,049

 
$
66,837

 
$
50,051

Net change in share-based compensation capitalized into inventory
$

 
$

 
$
(414
)

Summary of the activity for stock option awards
The following table summarizes the activity for stock options for fiscal year 2020:
(in thousands, except per share data)
Number
of
Shares
 
Weighted-
Average
Exercise
Price
(per share)
 
Aggregate
Intrinsic
Value (1)
 
Number of
Shares
Exercisable
 
Weighted-Average
Contractual
Term (years)
Balance at January 27, 2019
877

 
$
29.03

 
$
18,226

 
472
 
 
Granted

 

 
 
 
 
 
 
Exercised
(242
)
 
25.22

 
5,877

 
 
 
 
Forfeited
(11
)
 
41.71

 
 
 
 
 
 
Balance at January 26, 2020
624

 
$
30.26

 
$
13,895

 
428
 
 
Exercisable at January 26, 2020
428

 
$
25.26

 
$
11,661

 
 
 
2.1
Vested and expected to vest after January 26, 2020
624

 
$
30.26

 
$
13,895

 
 
 
2.7

Summary of unvested stock option awards
The following table summarizes information regarding unvested stock option awards at January 26, 2020:
(in thousands, except per share data)
Number
of
Shares
 
Weighted-Average
Exercise Price
(per share)
 
Weighted-Average
Grant Date
Fair Value
(per share)
Balance at January 27, 2019
400

 
$
34.52

  
$
10.07

Granted

 

  

Vested
(193
)
 
27.40

  
7.86

Forfeited
(11
)
 
42.44

  
12.50

Balance at January 26, 2020
196

 
$
41.14

  
$
12.13


Summary of the activity for performance unit awards
The following table summarizes the activity for TSR Awards for fiscal year 2020:
(in thousands, except per share data)
Total
Units
 
Weighted-Average
Grant Date Fair Value
(per share)
Balance at January 27, 2019
203

 
$
37.51

Granted
266

 
59.49

Vested
(79
)
 
36.30

Cancelled/Forfeited (1)
(133
)
 
48.94

Balance at January 26, 2020
257

 
$
54.61


(1) Represents cancellations due to awards vesting below the TSR target
Summary of activity for restricted stock units
The following table summarizes the activity for the non-employee directors restricted stock units for the fiscal year ended January 26, 2020:
(in thousands, except per share data)
Total
Units
 
Units Subject to Share Settlement
 
Units Subject to Cash Settlement
 
Weighted-Average
Grant Date
Fair Value
(per share)
Balance at January 27, 2019
26

 
12

 
14

 
$
48.84

Granted
26

 
12

 
14

 
50.55

Vested
(26
)
 
(12
)
 
(14
)
 
48.84

Forfeited

 

 

 

Balance at January 26, 2020
26

 
12

 
14

 
$
50.55


Summary of the status of non-vested restricted stock unit awards and changes during the year
The following table is a summary of the status of non-vested restricted stock unit awards as of January 26, 2020, and changes during the year.
 
Restricted Stock Units, Stock Grants and Stock Units
(in thousands, except per share data)
Shares
 
Weighted-Average
Grant Date Fair Value
(per share)
Nonvested at January 27, 2019
2,204

 
$
36.62

Granted
921

 
47.88

Vested
(892
)
 
31.62

Forfeited
(131
)
 
40.55

Nonvested at January 26, 2020
2,102

 
$
43.43