Stock-Based Compensation Plans (Tables)

12 Months Ended

Feb. 03, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense

Total stock-based compensation expense was recorded in the accompanying Consolidated Statements of Operations as follows:

	Year Ended
(in millions)	February 3, 2024		January 28, 2023		January 29, 2022
Cost of sales	$	22.4	$	19.7	$	18.3
Selling, general and administrative expenses	74.3		90.7		61.6
Total stock-based compensation expense	$	96.7	$	110.4	$	79.9
Excess tax benefit on stock-based compensation recognized     in the provision for income taxes	$	3.9	$	9.8	$	8.5

Schedule of Restricted Stock Units Activity

The following table summarizes the status of RSUs as of February 3, 2024 and changes during the year then ended: 

	Number of RSUs	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	868,720	$	123.99
Granted	550,132	141.70
Vested	(486,439)	110.56
Forfeited	(93,227)	141.20
Nonvested at February 3, 2024	839,186	$	141.45

Schedule of Nonvested Performance-based Units Activity

The following table summarizes the status of PSUs as of February 3, 2024 and changes during the year then ended: 

	Number of PSUs	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	154,823	$	125.84
Granted	122,419	129.24
Vested	(96,508)	89.81
Forfeited	(30,584)	129.29
Nonvested at February 3, 2024	150,150	$	147.29

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The fair value of these awards incorporating the market condition was estimated on the grant date using a Monte Carlo simulation model with the following weighted average assumptions:

	Fiscal 2023
Expected term (in years)	2.8
Expected stock price volatility	34.5	%
Dividend yield	—	%
Risk-free interest rate	3.82	%

The weighted average assumptions used in the Black-Scholes option pricing model for the executive stock options granted in fiscal 2023 and the assumptions used for the fiscal 2022 award granted to the Executive Chairmain are as follows:

	Fiscal 2023		Fiscal 2022
Expected term (in years)	6.0		6.5
Expected stock price volatility	36.3	%	34.1	%
Dividend yield	—	%	—	%
Risk-free interest rate	3.81	%	2.15	%

Schedule of Stock Option Activity

The following tables summarize information about options outstanding at February 3, 2024 and changes during the year then ended:

	Number of Shares	Weighted Average Per Share Exercise Price		Weighted Average Remaining Term (Years)	Aggregate Intrinsic Value (in millions)
Outstanding at January 28, 2023	2,276,937	$	156.46
Granted	85,447	137.93
Exercised	(1,207)	77.59
Forfeited	(1,075)	143.55
Outstanding at February 3, 2024	2,360,102	$	155.84	8.1	$	1.5
Exercisable at February 3, 2024	475,810	$	153.92	7.9	$	1.1