Annual report pursuant to Section 13 and 15(d)

Share-based awards (Tables)

v3.7.0.1
Share-based awards (Tables)
 12 Months Ended
Jan. 28, 2017
Black-Scholes Valuation Model Weighted-Average Assumptions
The Company estimated the grant date fair value of stock options using a Black-Scholes valuation model using the following weighted-average assumptions:

 

     Fiscal
2016		   Fiscal
2015		   Fiscal
2014

Volatility rate

    35.0%   37.9%   40.7%

Average risk-free interest rate

    1.2%   1.6%   1.4%

Average expected life (in years)

    3.5   4.9   3.8

Dividend yield

    None   None   None
Summary of Options Outstanding and Options Exercisable Under Stock Option Plan

The following table presents information related to options outstanding and options exercisable at January 28, 2017, under the Company’s stock option plans based on ranges of exercise prices (shares in thousands):

 

     Options outstanding      Options exercisable  

Range of Exercise Prices

    Number of
options		      Weighted-
average
remaining
contractual life
(years)		      Weighted-
average
exercise price		      Number of
options		      Weighted-
average
remaining
contractual life
(years)		      Weighted-
average
exercise price		  

$9.67 - $57.42

      112        3      $ 25.13        112        3      $ 25.13  

$69.96 - $96.81

      119        6        82.19        81        6        80.65  

$97.89 - $99.66

      153        7        98.12        36        7        98.08  

$101.35 - $153.87

      134        8        136.78        50        8        129.41  

$164.06 - $165.27

      206        9        164.09        1        9        165.01  

$191.76 - $249.64

      106        9        193.70        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

$9.67 - $249.64

      830        7      $ 120.78        280        5      $ 69.69  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
Employee Stock Option [Member]  
Stock Option Activity

A summary of the status of the Company’s stock option activity is presented in the following table (shares in thousands):

 

     Fiscal 2016      Fiscal 2015      Fiscal 2014  
     Number of
options		     Weighted-
average
exercise price		      Number of
options		     Weighted-
average
exercise price		      Number of
options		     Weighted-
average
exercise price		  

Common stock options outstanding

               

Beginning of year

      939     $ 104.58        1,073     $ 72.12        1,090     $ 56.94  

Granted

      110       193.64        294       160.01        371       99.40  

Exercised

      (194 )      83.88        (356 )      55.20        (238 )      44.79  

Forfeited

      (25 )      118.97        (72 )      91.74        (150 )      72.57  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

End of year

      830     $ 120.78        939     $ 104.58        1,073     $ 72.12  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Exercisable at end of year

      280     $ 69.69        316     $ 61.44        440     $ 43.98  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Vested and Expected to vest

      786     $ 119.32        890     $ 103.36        1,028     $ 71.28  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  
Restricted Stock [Member]  
Restricted Stock Units Activity

A summary of the status of the Company’s restricted stock units activity is presented in the following table (shares in thousands):

 

     Fiscal 2016      Fiscal 2015      Fiscal 2014  
     Number
of units		     Weighted-
average
grant date
fair value		      Number
of units		     Weighted-
average
grant date
fair value		      Number
of units		     Weighted-
average
grant date
fair value		  

Restricted stock units outstanding

               

Beginning of year

      144     $ 116.42        151     $ 91.74        162     $ 87.54  

Granted

      55       203.40        60       154.77        71       97.73  

Vested

      (46 )      98.06        (47 )      102.36        (52 )      91.91  

Forfeited

      (11 )      138.25        (20 )      96.11        (30 )      82.91  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

End of year

      142     $ 154.71        144     $ 116.42        151     $ 91.74  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Expected to vest

      131     $ 154.71        132     $ 116.42        140     $ 91.74  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  
Performance Based Restricted Stock Units [Member]  
Restricted Stock Units Activity

A summary of the status of the Company’s performance-based restricted stock unit activity is presented in the following table (shares in thousands):

 

     Fiscal 2016      Fiscal 2015  
     Number
of units		      Weighted-
average
grant date
fair value		      Number
of units		      Weighted-
average
grant date
fair value		  

Performance-based restricted stock units outstanding

 

   

Beginning of year

      20      $ 151.20        —      $ —  

Granted

      24        191.76        22        151.20  

Vested

      —        —        —        —  

Forfeited

      (3 )       167.71        (2 )       151.20  
  

 

 

     

 

 

     

 

 

     

 

 

  

End of year

      41      $ 173.47        20      $ 151.20  
  

 

 

     

 

 

     

 

 

     

 

 

  

Expected to vest

      38      $ 173.47        19      $ 151.20