Annual report pursuant to Section 13 and 15(d)

Share-based awards (Tables)

v3.8.0.1
Share-based awards (Tables)
 12 Months Ended
Feb. 03, 2018
Schedule of information related to the incentive award plan

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal

 

Fiscal

 

Fiscal

2011 Incentive award plan (in thousands)

    

2017

    

2016

    

2015

Compensation expense

 

 

 

 

 

 

 

 

 

Common stock options

 

$

8,993

 

$

7,983

 

$

7,899

Restricted stock units

 

 

9,507

 

 

7,295

 

 

6,040

Performance-based restricted stock units

 

 

5,899

 

 

4,062

 

 

1,655

Total stock compensation expense

 

$

24,399

 

$

19,340

 

$

15,594

 

 

 

 

 

 

 

 

 

 

Cash received from stock option exercises

 

$

16,190

 

$

16,293

 

$

19,646

Income tax benefit

 

$

10,024

 

$

6,764

 

$

5,354

Tax benefit realized

 

$

10,024

 

$

15,868

 

$

14,970

 

Schedule of weighted average assumptions to determine grant date fair value of employee stock options

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

Fiscal

    

Fiscal

    

Fiscal

 

    

 

2017

    

2016

    

2015

Volatility rate

 

 

30.9%

 

35.0%

 

37.9%

Average risk-free interest rate

 

 

1.6%

 

1.2%

 

1.6%

Average expected life (in years)

 

 

3.5

 

3.5

 

4.9

Dividend yield

 

 

None

 

None

 

None

 

Information related to common stock options plan

 

 

 

 

 

 

 

 

 

 

Common stock options

 

Fiscal

 

Fiscal

 

Fiscal

(in thousands, except weighted-average grant fair value)

    

2017

    

2016

    

2015

Weighted-average grant date fair value

 

$

69.61

 

$

53.02

 

$

56.44

Fair value of options vested

 

$

5,656

 

$

5,932

 

$

8,236

Intrinsic value of options exercised

 

$

29,449

 

$

27,468

 

$

36,610

 

Schedule of options outstanding and exercisable based on ranges of exercise prices

The following table presents information related to options outstanding and options exercisable at February 3, 2018, under the Company’s stock option plans based on ranges of exercise prices (shares in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding

 

Options exercisable

 

 

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

average

 

 

 

 

 

 

average

 

 

 

 

 

 

 

remaining

 

 

Weighted-

 

 

 

remaining

 

 

Weighted-

 

 

Number of

 

contractual life

 

 

average

 

Number of

 

contractual life

 

 

average

Range of Exercise Prices

    

options

    

(years)

    

 

exercise price

    

options

    

(years)

    

 

exercise price

$9.67 – $57.42

 

100

 

2

 

$

26.11

 

100

 

2

 

$

26.11

$69.96 – $96.81

 

72

 

5

 

 

84.34

 

64

 

5

 

 

83.15

$97.89 – $99.66

 

92

 

6

 

 

98.18

 

31

 

6

 

 

98.14

$101.35 – $153.87

 

87

 

7

 

 

138.70

 

39

 

7

 

 

131.60

$164.06 – $165.27

 

206

 

8

 

 

164.09

 

 3

 

8

 

 

165.01

$191.76 – $281.53

 

209

 

9

 

 

237.17

 

24

 

8

 

 

193.87

$9.67 – $281.53

 

766

 

7

 

$

147.76

 

261

 

4

 

$

81.72

 

Summary of status of performance-based restricted stock unit activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017

 

Fiscal 2016

 

Fiscal 2015

 

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

Weighted-

 

 

Number of

 

average

 

Number of

 

average

 

Number of

 

average

 

    

units

    

grant date

    

units

    

grant date

    

units

    

grant date

Performance-based restricted stock units outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of year

 

41

 

$

173.47

 

20

 

$

151.20

 

 –

 

$

 –

Granted

 

21

 

 

281.53

 

24

 

 

191.76

 

22

 

 

151.20

Change in performance award payout

 

19

 

 

151.20

 

 –

 

 

 –

 

 –

 

 

 –

Vested

 

 –

 

 

 –

 

 –

 

 

 –

 

 –

 

 

 –

Forfeited

 

(3)

 

 

186.90

 

(3)

 

 

167.71

 

(2)

 

 

151.20

End of year

 

78

 

$

196.81

 

41

 

$

173.47

 

20

 

$

151.20

Expected to vest

 

72

 

$

196.81

 

38

 

$

173.47

 

19

 

$

151.20

 

Stock options  
Information related to common stock options plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017

 

Fiscal 2016

 

Fiscal 2015

 

 

 

 

 

Weighted-

 

 

 

 

Weighted-

 

 

 

 

Weighted-

 

    

Number of

 

 

average

 

Number of

 

 

average

 

Number of

 

 

average

 

    

options

    

 

exercise price

    

options

    

 

exercise price

    

options

    

 

exercise price

Common stock options outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of year

 

830

 

$

120.78

 

939

 

$

104.58

 

1,073

 

$

72.12

Granted

 

106

 

 

279.76

 

110

 

 

193.64

 

294

 

 

160.01

Exercised

 

(166)

 

 

97.44

 

(194)

 

 

83.88

 

(356)

 

 

55.20

Forfeited

 

(4)

 

 

120.71

 

(25)

 

 

118.97

 

(72)

 

 

91.74

End of year

 

766

 

$

147.76

 

830

 

$

120.78

 

939

 

$

104.58

Exercisable at end of year

 

261

 

$

81.72

 

280

 

$

69.69

 

316

 

$

61.44

Vested and Expected to vest

 

725

 

$

145.86

 

786

 

$

119.32

 

890

 

$

103.36

 

Restricted stock units  
Information related to common stock options plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017

 

Fiscal 2016

 

Fiscal 2015

 

    

 

 

Weighted-

 

 

 

Weighted-

 

 

 

Weighted-

 

 

Number of

 

average grant

 

Number of

 

average grant

 

Number of

 

average grant

 

    

units

    

date fair value

    

units

    

date fair value

    

units

    

date fair value

Restricted stock units outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of year

 

142

    

$

154.71

 

144

 

$

116.42

 

151

 

$

91.74

Granted

 

47

 

 

278.48

 

55

 

 

203.40

 

60

 

 

154.77

Vested

 

(46)

 

 

117.61

 

(46)

 

 

98.06

 

(47)

 

 

102.36

Forfeited

 

(9)

 

 

201.51

 

(11)

    

 

138.25

 

(20)

    

 

96.11

End of year

 

134

 

$

207.70

 

142

 

$

154.71

 

144

 

$

116.42

Expected to vest

 

123

 

$

207.70

 

131

 

$

154.71

 

132

 

$

116.42