v3.20.4
Employee Benefit Plans (Tables)
 12 Months Ended
Jan. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes share-based compensation expense (in thousands):
Year Ended
January 30,
2021		February 1,
2020		February 2,
2019
     Cost of goods sold$16,320 $13,759 $12,024 
     Research and development150,867 157,054 108,762 
     Selling, general and administrative74,352 71,996 77,309 
Total share-based compensation$241,539 $242,809 $198,095 
Schedule of Nonvested Share Activity
A summary of restricted stock unit activity, which includes time-based and performance-based or market-based restricted stock units, is as follows (in thousands, except per-share amounts):
Time-BasedPerformance-BasedMarket-BasedTotal
Number of
Shares		Weighted-
Average
Grant Date
Fair Value		Number  of
Shares		Weighted-
Average
Grant Date
Fair Value		Number of
Shares		Weighted-
Average
Grant Date
Fair Value		Number of
Shares		Weighted-
Average
Grant Date
Fair Value
Balance at February 3, 201810,289 $13.84 672 $14.25 921 $13.14 11,882 $13.81 
Assumed upon acquisition [4]13,289 $21.02 — $— — $— 13,289 $21.02 
Granted7,453 $19.95 340 [1]$21.12 351 [1]$21.36 8,144 $20.06 
Vested(8,827)$16.30 — $— (30)$13.08 (8,857)$16.28 
Canceled/Forfeited(3,159)$19.64 (64)$16.29 (64)$16.52 (3,287)$19.51 
Balance at February 2, 201919,045 $19.15 948 $16.58 1,178 $15.40 21,171 $18.82 
Assumed upon acquisition [4]1,341 $25.61 — $— — $— 1,341 $25.61 
Granted9,340 $23.36 288 [2]$13.90 3,621 [3]$15.39 13,249 $20.98 
Vested(10,781)$20.01 (576)$13.90 (713)$11.62 (12,070)$19.23 
Canceled/Forfeited(3,661)$20.57 (149)$17.86 (173)$21.12 (3,983)$20.49 
Balance at February 1, 202015,284 $21.34 511 $17.71 3,913 $15.83 19,708 $20.15 
Granted7,437 $26.18 143 [2]$14.13 989 [3]$33.35 8,569 $26.80 
Vested(9,287)$21.28 (390)$14.11 (328)$14.60 (10,005)$20.79 
Canceled/Forfeited(2,090)$22.89 (4)$21.32 (296)$18.86 (2,390)$22.39 
Balance at January 30, 202111,344 $24.27 260 $21.06 4,278 $19.77 15,882 $23.00 

[1]    Amounts represent the target number of restricted stock units at grant date. For awards granted to our executive officers, up to 200% of the target restricted stock units may vest if the maximum level for performance goals is achieved.
[2]    Amount represents the number of restricted stock unit goal shares.
[3]    Amount represents the target number of restricted stock units at grant date and restricted stock unit goal shares, including 989 TSR RSU shares in fiscal 2021 and 824 TSR RSU shares and 2,797 VCA RSU shares in fiscal 2020.
[4]    See “Note 4 - Business Combinations” for additional information.
Schedule of Stock Option Activity
Stock option activity under the Company’s stock option and stock incentive plans is included in the following table (in thousands, except for per share amounts):
Number of
Shares		Weighted-
Average
Exercise
Price
Balance at February 3, 201811,772 $12.36 
Assumed upon acquisition*3,026 $11.85 
Granted— $— 
Exercised(4,812)$10.93 
Canceled/Forfeited(362)$13.64 
Balance at February 2, 20199,624 $12.87 
Assumed upon acquisition*808 $9.20 
Granted— $— 
Exercised(6,178)$12.67 
Canceled/Forfeited(37)$13.57 
Balance at February 1, 20204,217 $12.44 
Granted— $— 
Exercised(1,301)$11.63 
Canceled/Forfeited(21)$12.88 
Balance at January 30, 20212,895 $12.81 
Vested or expected to vest at January 30, 20212,895 
*    See “Note 4 - Business Combinations” for more information.
Schedule of Outstanding Options and Exercisable Options Information, by Range of Exercise Prices
Outstanding options and exercisable options information by range of exercise prices as of January 30, 2021 was as follows:
Outstanding OptionsExercisable Options
Range of
Exercise Prices		Number of
Shares
(in thousands)		Weighted-
Average
Remaining
Contractual Term
(in years)		Weighted-
Average
Exercise Price		Number of
Shares
(in thousands)		Weighted-
Average
Exercise Price
$3.89 $10.31 319 3.95$9.06 319 $9.06 
$10.76 $10.76 897 2.25$10.76 897 $10.76 
$10.89 $14.35 893 3.87$13.55 874 $13.55 
$14.45 $15.87 651 2.67$15.64 651 $15.64 
$15.91 $22.27 134 3.40$16.67 129 $16.60 
Total2,894 3.08$12.81 2,870 $12.79 
Weighted Average Assumptions Used to Calculate Fair Value Awards
The following weighted-average assumptions were used for each respective period to calculate the fair value of common shares to be issued under the ESPP on the date of grant using the Black-Scholes option pricing model:
Year Ended
January 30,
2021		February 1,
2020		February 2,
2019
Employee Stock Purchase Plan:
Estimated fair value$15.12 $7.06 $4.91 
Expected volatility48 %35 %33 %
Expected term (in years)1.21.21.2
Risk-free interest rate0.1 %1.8 %2.6 %
Expected dividend yield0.6 %1.0 %1.4 %
The following weighted-average assumptions were used for each respective period to calculate the fair value of common shares to be issued under Total Shareholder Return performance awards on the date of grant using the Monte Carlo pricing model:
Year Ended
January 30,
2021		February 1,
2020		February 2,
2019
Total Shareholder Return Awards:
Expected term (in years)3.03.02.9
Expected volatility40 %32 %35 %
Average correlation coefficient of peer companies0.7 0.5 0.5 
Risk-free interest rate0.2 %2.4 %2.5 %
Expected dividend yield0.9 %1.0 %1.1 %
The following weighted-average assumptions were used for estimating the fair value of common shares to be issued under VCA RSUs on the date of grant using the Monte Carlo pricing model:
Year Ended
February 1,
2020
Value Creation Awards:
Expected term (in years)4.66
Expected volatility35 %
Risk-free interest rate1.8 %
Expected dividend yield1.0 %