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Share-Based Compensation (Tables)
12 Months Ended
Jan. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense recognized under all of the Company's stock plans
The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during fiscal 2021, fiscal 2020 and fiscal 2019 (in thousands):
Year EndedYear EndedYear Ended
Jan 30, 2021Feb 1, 2020Feb 2, 2019
Stock options$3,430 $2,811 $2,563 
Stock awards/units15,110 21,250 17,187 
ESPP290 229 223 
Total share-based compensation expense$18,830 $24,290 $19,973 
Schedule of stock option activity under all of the Company's stock plans
The following table summarizes the stock option activity under all of the Company’s stock plans during fiscal 2021:
Number of SharesWeighted Average
Exercise Price
Weighted Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value ($000’s)
Options outstanding at February 1, 20203,544,087 $20.10   
Granted822,057 $8.79   
Exercised(448,439)$13.74   
Forfeited(273,625)$16.20   
Expired(138,850)$43.50   
Options outstanding at January 30, 20213,505,230 $17.64 6.96$23,927 
Exercisable at January 30, 20211,517,323 $22.31 4.67$5,758 
Schedule of weighted average assumptions used for stock option grants
The fair value of each stock option was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants during fiscal 2021, fiscal 2020 and fiscal 2019:
Year EndedYear EndedYear Ended
Valuation AssumptionsJan 30, 2021Feb 1, 2020Feb 2, 2019
Risk-free interest rate0.3 %2.3 %2.3 %
Expected stock price volatility91.6 %48.9 %46.1 %
Expected dividend yield5.1 %3.4 %4.3 %
Expected life of stock options4.3 years4.4 years4.4 years
Schedule of nonvested stock awards/units activity under all of the Company's stock plans
The following table summarizes the nonvested stock awards/units activity under all of the Company’s stock plans during fiscal 2021:
Number of
Awards/Units
Weighted
Average
Grant Date
Fair Value
Nonvested at February 1, 20202,097,253 $16.68 
Granted2,567,670 $8.65 
Vested(2,036,020)$11.22 
Forfeited(450,213)$12.61 
Nonvested at January 30, 20212,178,690 $13.16 
Schedule of activity for nonvested performance-based units and nonvested market-based units
The following table summarizes the activity for nonvested performance-based units and nonvested market-based units included in the table above during fiscal 2021:
Performance-Based UnitsMarket-Based Units
Number of
Units
Weighted Average Grant Date Fair ValueNumber of
Units
Weighted Average Grant Date Fair Value
Nonvested at February 1, 20201,140,023 $16.66 288,202 $13.43 
Granted1
310,881 $9.65 526,711 $7.20 
Vested1
(419,095)$14.84 (305,901)$10.62 
Forfeited(262,177)$12.74 — $— 
Nonvested at January 30, 2021769,632 $16.15 509,012 $8.67 
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1Amounts include, as a result of the achievement of certain market-based vesting conditions, 101,566 shares that vested in addition to the original target number of shares granted in fiscal 2018.
Schedule of assumptions used for market-based nonvested stock units
The fair value of each market-based nonvested stock unit was estimated on the grant date using the Monte Carlo simulation. There were no new market-based nonvested stock units granted during fiscal 2020. The following assumptions were used for the grants during fiscal 2021 and fiscal 2019:
Year EndedYear Ended
Valuation AssumptionsJan 30, 2021Feb 2, 2019
Risk-free interest rate0.2 %2.6 %
Expected stock price volatility62.8 %42.1 %
Expected dividend yield— %— %
Expected life of market-based awards2.6 years2.6 years
Schedule of weighted average assumptions used for ESPP
The fair value of stock compensation expense associated with the Company’s ESPP was estimated on the date of grant using the Black-Scholes option-pricing valuation model with the following weighted average assumptions used for grants during fiscal 2021, fiscal 2020 and fiscal 2019.
Year EndedYear EndedYear Ended
Valuation AssumptionsJan 30, 2021Feb 1, 2020Feb 2, 2019
Risk-free interest rate0.1 %2.0 %2.0 %
Expected stock price volatility145.9 %51.7 %59.1 %
Expected dividend yield1.4 %3.4 %4.6 %
Expected life of ESPP options3 months3 months3 months