Accounting for Share-Based Payments (Tables)
|
12 Months Ended |
Jan. 29, 2016 |
|---|
| Accounting for Share-Based Payments |
|
| Schedule of Option Pricing Assumptions |
The weighted average assumptions used in the Black-Scholes option-pricing model and weighted-average grant date fair value for options granted in 2015, 2014, and 2013 are as follows: | | | | | | | | | | | | | | 2015 |
| | 2014 |
| | 2013 |
| Weighted-average assumptions used: | | | | | | Expected volatility | 31.3 | % | | 34.2 | % | | 34.2 | % | Dividend yield | 1.69 | % | | 1.73 | % | | 1.45 | % | Risk-free interest rate | 1.99 | % | | 2.26 | % | | 1.31 | % | Expected term, in years | 7.00 |
| | 7.00 |
| | 7.39 |
| | | | | | | Weighted-average grant date fair value | $ | 20.27 |
| | $ | 17.00 |
| | $ | 12.24 |
|
|
| Schedule of Stock Option Activity |
Transactions related to stock options for the year ended January 29, 2016 are summarized as follows: | | | | | | | | | | | | | | | Shares
(In thousands) |
| | Weighted-Average Exercise Price Per Share |
| | Weighted-Average Remaining Term (In years) | | Aggregate Intrinsic Value (In thousands) |
| Outstanding at January 30, 2015 | 6,311 |
| | $ | 35.98 |
| | | | | Granted | 862 |
| | 69.44 |
| | | | | Canceled, forfeited or expired | (215 | ) | | 54.21 |
| | | | | Exercised | (1,527 | ) | | 30.26 |
| | | | | Outstanding at January 29, 2016 | 5,431 |
| | $ | 42.18 |
| | 6.04 | | $ | 160,105 |
| Vested and expected to vest at January 29, 20161 | 5,357 |
| | $ | 41.91 |
| | 6.00 | | $ | 159,387 |
| Exercisable at January 29, 2016 | 3,200 |
| | $ | 32.88 |
| | 4.28 | | $ | 124,067 |
|
| | 1 | Includes outstanding vested options as well as outstanding nonvested options after a forfeiture rate is applied. |
|
| Schedule of Restricted Stock Awards Activity |
Transactions related to restricted stock awards for the year ended January 29, 2016 are summarized as follows: | | | | | | | | | Shares
(In thousands) |
| | Weighted-Average Grant-Date Fair Value Per Share |
| Nonvested at January 30, 2015 | 5,574 |
| | $ | 39.91 |
| Granted | 997 |
| | 69.44 |
| Vested | (1,959 | ) | | 29.28 |
| Canceled or forfeited | (401 | ) | | 48.18 |
| Nonvested at January 29, 2016 | 4,211 |
| | $ | 51.06 |
|
|
| Schedule of Performance Share Units Classified as Equity Activity |
Transactions related to performance share units classified as equity awards for the year ended January 29, 2016 are summarized as follows: | | | | | | | | | Units
(In thousands)1 |
| | Weighted-Average Grant-Date Fair Value Per Unit |
| Nonvested at January 30, 2015 | 957 |
| | $ | 37.00 |
| Granted | 257 |
| | 71.52 |
| Vested | (327 | ) | | 26.66 |
| Canceled or forfeited | (95 | ) | | 49.77 |
| Nonvested at January 29, 2016 | 792 |
| | $ | 50.93 |
|
| | ¹ | The number of units presented is based on achieving the targeted performance goals as defined in the performance share unit agreements. As of January 29, 2016, the maximum number of nonvested units that could vest under the provisions of the agreements was 1.2 million for the RONCAA awards. |
|
| Schedule of Performance Share Units Classified as Liability Activity |
Transactions related to performance share units classified as liability awards for the year ended January 29, 2016 are summarized as follows: | | | | | | | | | Units
(In thousands)1 |
| | Weighted-Average Grant-Date Fair Value Per Unit |
| Nonvested at January 30, 2015 | 300 |
| | $ | 31.20 |
| Canceled or forfeited | (173 | ) | | 27.36 |
| Nonvested at January 29, 2016 | 127 |
| | $ | 36.47 |
|
| | ¹ | The number of units presented is based on achieving the targeted performance goals as defined in the performance share unit agreements. As of January 29, 2016, the maximum number of nonvested units that could vest under the provisions of the agreements was 0.2 million units for the brand differentiation awards. |
|
| Schedule of Restricted Stock Unit Activity |
Transactions related to restricted stock units for the year ended January 29, 2016 are summarized as follows: | | | | | | | |
| Shares
(In thousands) |
| | Weighted-Average Grant-Date Fair Value Per Share |
| Nonvested at January 30, 2015 | 285 |
| | $ | 43.00 |
| Granted | 104 |
| | 66.24 |
| Vested | (49 | ) | | 28.05 |
| Canceled or forfeited | (26 | ) | | 48.87 |
| Nonvested at January 29, 2016 | 314 |
| | $ | 52.52 |
|
|