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Share-Based Payments (Tables)

12 Months Ended

Feb. 02, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

A summary of the Company’s stock option activity under all plans for Fiscal 2018 follows:

	For the Year Ended February 2, 2019
				Weighted- Average		Weighted- Average Remaining Contractual		Aggregate
	Options			Exercise Price		Term		Intrinsic Value
	(In thousands)					(In years)		(In thousands)
Outstanding - February 3, 2018		2,190		$	14.59
Granted		715		$	19.60
Exercised (1)		(993	)	$	15.60
Cancelled		0		$	-
Outstanding - February 2, 2019		1,912		$	16.75		5.3		7,983
Vested and expected to vest - February 2, 2019		1,679		$	17.06		5.3		6,634
Exercisable - February 2, 2019 (2)		171		$	14.92		4.8		1,030

(1)	Options exercised during Fiscal 2018 ranged in price from $13.70 to $19.89.

(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 February 2, 2019.

Black-Scholes Option Valuation Assumptions

The fair value of stock options was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:

	For the Years Ended
	February 2,	February 3,
Black-Scholes Option Valuation Assumptions	2019	2018
Risk-free interest rates (1)	2.6%	2.1%
Dividend yield	2.5%	3.1%
Volatility factors of the expected market price of the Company's common stock (2)	39.5%	38.5%
Weighted-average expected term (3)	4.5 years	4.5 years

(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. The weighted average expected option terms were determined based on historical experience.

Summary of Restricted Stock Activity

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

	Time-Based Restricted Stock Units					Performance-Based Restricted Stock Units
	For the year ended					For the year ended
	February 2, 2019					February 2, 2019
(Shares in thousands)	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Nonvested - February 3, 2018		2,189		$	13.27		2,138		$	15.16
Granted		971			24.07		710			21.69
Vested		(1,042	)		13.93		(930	)		14.87
Cancelled/Forfeited		(119	)		14.17		(18	)		15.42
Nonvested - February 2, 2019		1,999			18.00		1,900			17.44