v3.23.1
Stock-Based Compensation and Benefit Plans (Tables)
 12 Months Ended
Jan. 29, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Stock Option, Performance Stock Unit and Restricted Share Activity
A summary of the balances of the Company's stock-based compensation plans as of January 29, 2023, January 30, 2022, and January 31, 2021, and changes during the fiscal years then ended is presented below: 
Stock OptionsPerformance-Based Restricted Stock UnitsRestricted SharesRestricted Stock UnitsRestricted Stock Units
(Liability Accounting)
NumberWeighted-Average Exercise PriceNumberWeighted-Average Grant Date Fair ValueNumberWeighted-Average Grant Date Fair ValueNumberWeighted-Average Grant Date Fair ValueNumberWeighted-Average Fair Value
(In thousands, except per share amounts)
Balance as of February 2, 2020776 $113.41 238 $103.52 7 $175.82 333 $108.44 29 $239.39 
Granted241 182.78 140 122.21 4 299.09 130 208.35 — — 
Exercised/vested182 83.89 171 63.03 7 175.82 175 87.31 14 366.42 
Forfeited/expired31 155.33 8 155.08 — — 13 162.60 — — 
Balance as of January 31, 2021804 $139.27 199 $149.20 4 $299.09 275 $166.50 15 $328.68 
Granted194 310.29 139 185.37 4 326.70 129 331.42 — — 
Exercised/vested174 104.85 165 100.89 4 299.09 144 139.33 15 397.83 
Forfeited/expired35 199.76 6 216.62 — — 22 235.23 — — 
Balance as of January 30, 2022789 $186.10 167 $225.27 4 $326.70 238 $265.90 — $— 
Granted192 371.04 117 274.90 5 308.66 120 364.51 — — 
Exercised/vested93 127.68 114 170.04 4 326.70 111 241.02 — — 
Forfeited/expired22 286.56 4 307.76 — — 26 334.39 — — 
Balance as of January 29, 2023866 $230.78 166 $295.93 5 $308.66 221 $323.89 — $— 
Fair Value of Stock Options Issued The following are weighted averages of the assumptions that were used in calculating the fair value of stock options granted in 2022, 2021, and 2020:
 202220212020
Expected term3.75 years3.75 years3.61 years
Expected volatility40.00 %39.32 %40.01 %
Risk-free interest rate2.51 %0.50 %0.32 %
Dividend yield— %— %— %
Summary of Information About Stock Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding and exercisable as of January 29, 2023:
 
Outstanding
Exercisable
Range of Exercise Prices
Number of Options
Weighted-Average Exercise Price
Weighted-Average Remaining Life (Years)
Number of Options
Weighted-Average Exercise Price
Weighted-Average Remaining Life (Years)
(In thousands, except per share amounts and years)
$2.78-$155.97
173 $98.43 2.1173 $98.43 2.1
$167.54-$174.52
170 167.78 3.2111 167.76 3.2
$188.84-$296.36
161 189.55 4.269 189.61 4.2
$306.71-$326.39
179 307.53 5.338 307.48 5.1
$327.22-$426.44
183 375.52 6.14 362.50 5.3

866 $230.78 4.2395 $156.64 3.1
Intrinsic value
$81,280 $61,050 
Summary Of Intrinsic Value Of Options Exercised And Full Awards Vested
The following table summarizes the intrinsic value of options exercised and awards that vested during 2022, 2021, and 2020:
202220212020
(In thousands)
Stock options$19,906 $46,761 $37,022 
Performance-based restricted stock units37,672 52,495 32,384 
Restricted shares1,152 1,364 2,115 
Restricted stock units37,275 47,042 37,791 
Restricted stock units (liability accounting)— 5,938 5,309 
$96,005 $153,600 $114,621