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Share-Based Compensation (Tables)
3 Months Ended
May 04, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity
Below is a summary of stock option activity for the thirteen weeks ended May 4, 2013:

Stock Options
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life
Outstanding at February 2, 2013
569,400

 
$
65.40

 
 
 
 
Granted

 

 
 
 
 
Exercised
(3,500
)
 
27.71

 
 
 
 
Forfeited or expired

 

 
 
 
 
Outstanding at May 4, 2013
565,900

 
$
65.63

 
$
2,067,510

 
3.9

Stock options exercisable at May 4, 2013
565,900

 
$
65.63

 
$
2,067,510

 
3.9

Stock options expected to become exercisable in the future as of May 4, 2013

 

 

 

Schedule of Weighted-Average Estimated Fair Value and Assumptions of Stock Appreciation Rights
The weighted-average estimated fair value of stock appreciation rights granted during the thirteen weeks ended May 4, 2013 and April 28, 2012, and the weighted-average assumptions used in calculating such fair value, on the date of grant, were as follows:
 
Thirteen Weeks Ended
 
Chairman and Chief Executive
Officer
 
Other Executive Officers
 
All Other Associates
 
May 4, 2013
 
April 28, 2012
 
May 4, 2013
 
April 28, 2012
 
May 4, 2013
 
April 28, 2012
Grant date market price

 
$

 
$
45.69

 
$
52.89

 
$
45.72

 
$
52.77

Exercise price

 
$

 
$
45.69

 
$
52.89

 
$
45.72

 
$
52.77

Fair value

 
$

 
$
19.96

 
$
23.53

 
$
16.95

 
$
23.06

Assumptions:
 
Price volatility

 
%
 
61
%
 
56
%
 
54
%
 
61
%
Expected term (years)

 

 
4.7

 
5.0

 
4.1

 
4.1

Risk-free interest rate

 
%
 
0.7
%
 
1.3
%
 
0.6
%
 
1.0
%
Dividend yield

 
%
 
1.8
%
 
1.1
%
 
1.8
%
 
1.1
%
Schedule of Stock Appreciation Rights Activity
Below is a summary of stock appreciation rights activity for the thirteen weeks ended May 4, 2013:
 
Stock Appreciation Rights
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life
Outstanding at February 2, 2013
9,246,859

 
$
40.17

 
 
 
 
Granted:
 
 
 
 
 
 
 
Chairman and Chief Executive Officer

 

 
 
 
 
Other Executive Officers
165,200

 
45.69

 
 
 
 
All Other Associates
97,500

 
45.72

 
 
 
 
Exercised
(70,650
)
 
29.53

 
 
 
 
Forfeited or expired
(11,500
)
 
49.93

 
 
 
 
Outstanding at May 4, 2013
9,427,409

 
$
40.39

 
$
103,913,192

 
4.2
Stock appreciation rights exercisable at May 4, 2013
3,096,722

 
$
44.67

 
$
21,749,353

 
4.9
Stock appreciation rights expected to become exercisable in the future as of May 4, 2013
6,261,171

 
$
38.19

 
$
81,975,058

 
3.8
Schedule of Restricted Stock Unit Activity
Below is a summary of restricted stock unit activity for the thirteen weeks ended May 4, 2013:
Restricted Stock Units
Number of Underlying
Shares
 
Weighted-Average
Grant Date
Fair Value
Non-vested at February 2, 2013
1,198,680

 
$
46.88

Granted (1)
559,150

 
43.54

Vested
(297,998
)
 
42.10

Forfeited
(49,394
)
 
39.30

Non-vested at May 4, 2013
1,410,438

 
$
46.91


(1) 
Number of shares granted includes approximately 97,000 shares related to the grant of performance share awards ("PSAs") in Fiscal 2013. This reflects the target amount granted, however the number of PSAs that ultimately are earned would vary from 0% - 200% of target depending on the level of growth of adjusted diluted earnings per share. The number also includes 15,000 of additional shares earned above the Fiscal 2012 target due to the achievement above target.