Annual report pursuant to Section 13 and 15(d)

Share-based awards (Tables)

v3.20.1
Share-based awards (Tables)
12 Months Ended
Feb. 01, 2020
Schedule of information related to the incentive award plan

Fiscal

Fiscal

Fiscal

2011 Incentive award plan (in thousands)

    

2019

    

2018

    

2017

Compensation expense

 

Common stock options

$

8,660

$

8,590

$

8,993

Restricted stock units

12,762

12,077

9,507

Performance-based restricted stock units

4,220

6,822

5,899

Total stock compensation expense

$

25,642

$

27,489

$

24,399

Cash received from stock option exercises

$

43,780

$

13,121

$

16,190

Income tax benefit

$

11,600

$

6,135

$

10,024

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

    

Fiscal

    

Fiscal

    

Fiscal

    

2019

    

2018

    

2017

Volatility rate

 

31.0%

29.0%

30.9%

Average risk-free interest rate

 

2.3%

2.4%

1.6%

Average expected life (in years)

 

3.5

 

3.4

 

3.5

Dividend yield

 

None

 

None

 

None

Information related to common stock options plan

Common stock options

Fiscal

Fiscal

Fiscal

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

    

2019

    

2018

    

2017

Weighted-average grant date fair value

$

89.91

$

50.10

$

69.61

Fair value of options vested

9,143

10,042

5,656

Intrinsic value of options exercised

51,650

25,902

29,449

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 1, 2020, 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

remaining

contractual

Weighted-

contractual

Weighted-

Number of

life

average

Number of

life

average

Range of Exercise Prices

    

options

    

(years)

    

exercise price

    

options

    

(years)

    

exercise price

$25.80 – $57.42

28

1

$

47.26

28

1

$

47.26

$57.43 – $127.15

30

3

92.37

30

3

92.37

$127.16 – $165.27

155

6

163.70

55

6

163.04

$165.28 – $204.27

155

8

201.54

25

7

198.39

$204.28 – $281.53

81

7

278.76

34

7

278.90

$281.54 – $348.73

90

9

348.73

$25.80 – $348.73

539

7

$

212.58

172

5

$

159.39

Summary of status of performance-based restricted stock unit activity

Fiscal 2019

Fiscal 2018

Fiscal 2017

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

94

$

214.64

78

$

196.81

41

$

173.47

Granted

21

348.73

33

204.27

21

281.53

Change in performance award payout

(3)

281.53

22

191.76

19

151.20

Vested

(43)

191.76

(36)

151.20

Forfeited

(7)

258.80

(3)

224.49

(3)

186.90

End of year

62

$

267.60

94

$

214.64

78

$

196.81

Expected to vest

57

$

267.60

87

$

214.64

72

$

196.81

Stock options  
Information related to common stock options plan

Fiscal 2019

Fiscal 2018

Fiscal 2017

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

755

$

174.34

766

$

147.76

830

$

120.78

Granted

97

348.73

163

204.27

106

279.76

Exercised

(285)

153.64

(166)

78.81

(166)

97.44

Forfeited

(28)

263.34

(8)

260.83

(4)

120.71

End of year

539

$

212.58

755

$

174.34

766

$

147.76

Exercisable at end of year

172

$

159.39

296

$

134.27

261

$

81.72

Vested and Expected to vest

510

$

211.14

718

$

173.02

725

$

145.86

Restricted stock units  
Information related to common stock options plan

Fiscal 2019

Fiscal 2018

Fiscal 2017

    

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

168

    

$

220.68

134

$

207.70

142

$

154.71

Granted

53

335.28

97

208.82

47

278.48

Vested

(46)

207.77

(52)

164.35

(46)

117.61

Forfeited

(16)

259.65

(11)

227.44

(9)

    

201.51

End of year

159

$

259.21

168

$

220.68

134

$

207.70

Expected to vest

147

$

259.21

154

$

220.68

123

$

207.70