v3.23.3
Stock-Based Compensation and Benefit Plans (Tables)
9 Months Ended
Oct. 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 October 29, 2023, and changes during the first three quarters then ended, is presented below:
Stock OptionsPerformance-Based Restricted Stock UnitsRestricted SharesRestricted Stock Units
NumberWeighted-Average Exercise PriceNumberWeighted-Average Grant Date Fair ValueNumberWeighted-Average Grant Date Fair ValueNumberWeighted-Average Grant Date Fair Value
(In thousands, except per share amounts)
Balance as of January 29, 2023866 $230.78 166 $295.93 5 $308.66 221 $323.89 
Granted212 358.97 121 296.14 4 368.36 127 359.69 
Exercised/released166 150.49 104 201.56 5 308.66 99 291.10 
Forfeited/expired28 332.37 8 350.89 1 368.36 19 348.82 
Balance as of October 29, 2023884 $273.39 175 $349.78 3 $368.36 230 $355.73 
Exercisable as of October 29, 2023423 $203.17 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The following are weighted averages of the assumptions that were used in calculating the fair value of stock options granted during the first three quarters of 2023:
First Three Quarters
 2023
Expected term3.75 years
Expected volatility42.35 %
Risk-free interest rate3.49 %
Dividend yield— %