v3.24.3
Stock-Based Compensation and Benefit Plans (Tables)
9 Months Ended
Oct. 27, 2024
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 27, 2024, 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 28, 2024783 $285.69 175 $349.84 4 $370.85 223 $359.12 
Granted230 382.84 124 354.12 5 319.19 136 373.86 
Exercised/released39 180.86 100 310.86 4 371.33 95 349.40 
Forfeited/expired64 362.78 19 374.03 — — 22 372.19 
Balance as of October 27, 2024910 $309.62 180 $371.76 5 $317.86 242 $370.02 
Exercisable as of October 27, 2024448 $249.06 
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 2024:
First Three Quarters
 2024
Expected term3.75 years
Expected volatility37.39 %
Risk-free interest rate4.30 %
Dividend yield— %