Share-Based Compensation (Tables)

6 Months Ended

Jul. 30, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity for the 26 weeks ended July 30, 2016 follows:

			Weighted- Average		Weighted- Average Remaining Contractual		Aggregate
	Options		Exercise Price		Term		Intrinsic Value
	(In thousands)				(In years)		(In thousands)
Outstanding - January 30, 2016		1,213	$	14.83
Granted		2,211	$	15.35
Exercised (1)		121	$	13.74
Cancelled		42	$	14.50
Outstanding - July 30, 2016		3,261	$	15.23		4.8		8,802
Vested and expected to vest - July 30, 2016		3,079	$	15.22		4.7		8,336
Exercisable - July 30, 2016 (2)		1,036	$	14.90		0.6		3,125

(1) Options exercised during the 26 weeks ended July 30, 2016 had exercise prices ranging from $11.50 to $14.50.

(2) Options exercisable represent “in-the-money” vested options based upon the weighted-average exercise price of vested options compared to the Company’s stock price at July 30, 2016.

Black-Scholes Option Valuation Assumptions

The fair value of stock options was estimated based on the closing market price of the Company’s common stock on the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions: .

	26Weeks Ended
	July 30,
Black-Scholes Option Valuation Assumptions	2016
Risk-free interest rate (1)		1.3	%
Dividend yield		3.0	%
Volatility factor (2)		35.4	%
Weighted-average expected term (3)	4.4 years
Expected forfeiture rate (4)		8.0	%

(1) Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of our stock options.

(2) Based on a combination of historical volatility of the Company’s common stock and implied volatility.

(3) Represents the period of time options are expected to be outstanding, based on historical experience.

(4) Based upon historical experience.

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity is presented in the following tables:

	Time-Based Restricted Stock Units					Performance-Based Restricted Stock Units
	26 Weeks Ended					26 Weeks Ended
	July 30, 2016					July 30, 2016
(Shares in thousands)	Shares			Weighted -Average Grant Date Fair Value		Shares			Weighted -Average Grant Date Fair Value
Nonvested - January 30, 2016		1,935		$	15.17		2,609		$	16.02
Granted		946		$	16.02		1,077		$	15.70
Vested		(885	)	$	16.11		(195	)	$	14.82
Cancelled		(44	)	$	10.50		(700	)	$	19.72
Nonvested - July 30, 2016		1,952		$	15.26		2,791		$	15.05