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Share-Based Compensation (Tables)
6 Months Ended
Jul. 29, 2017
Schedule of Stock Option Activity
The following table summarizes stock option activity for the twenty-six weeks ended July 29, 2017:
 
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life
Outstanding at January 28, 2017
189,800

 
$
76.62

 
 
 
 
Granted

 

 
 
 
 
Exercised

 

 
 
 
 
Forfeited or expired
(86,600
)
 
74.65

 
 
 
 
Outstanding at July 29, 2017
103,200

 
$
78.27

 
$

 
0.6
Stock options exercisable at July 29, 2017
103,200

 
$
78.27

 
$

 
0.6
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for the twenty-six weeks ended July 29, 2017:
 
Number of
Underlying
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic Value
 
Weighted-Average
Remaining
Contractual Life
Outstanding at January 28, 2017
4,079,050

 
$
47.49

 
 
 
 
Granted

 

 
 
 
 
Exercised

 

 
 
 
 
Forfeited or expired
(945,276
)
 
43.28

 
 
 
 
Outstanding at July 29, 2017
3,133,774

 
$
48.89

 
$

 
2.5
Stock appreciation rights exercisable at July 29, 2017
2,857,250

 
$
51.14

 
$

 
2.0
Stock appreciation rights expected to become exercisable in the future as of July 29, 2017
240,735

 
$
25.68

 
$

 
7.5
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for the twenty-six weeks ended July 29, 2017:
 
Service-based Restricted
Stock Units
 
Performance-based Restricted
Stock Units
 
Market-based Restricted
Stock Units
 
Number of 
Underlying
Shares(1)
 
Weighted-
Average Grant
Date Fair Value
 
Number of 
Underlying
Shares
 
Weighted-
Average Grant
Date Fair Value
 
Number of 
Underlying
Shares
 
Weighted-
Average Grant
Date Fair Value
Unvested at January 28, 2017
1,915,461

 
$
25.47

 
203,923

 
$
22.53

 
184,892

 
$
26.89

Granted
1,617,440

 
9.86

 
524,030

 
9.11

 
236,872

 
11.79

Adjustments for performance achievement

 

 

 

 

 

Vested
(639,503
)
 
26.28

 

 

 

 

Forfeited
(230,744
)
 
23.15

 
(37,779
)
 
21.75

 
(37,784
)
 
26.14

Unvested at July 29, 2017
2,662,654

 
$
15.93

 
690,174

 
$
11.82

 
383,980

 
$
16.50



(1) 
This includes 724,440 unvested restricted stock units as of July 29, 2017 that are subject to the requirement that the Company must achieve at least $1.00 of GAAP net income attributable to A&F for the fiscal year in order to vest.

Market-based restricted stock units [Member]  
Schedule of Weighted-Average Estimated Fair Value and Assumptions of Restricted Stock Units with Market Vesting Conditions
The weighted-average assumptions used for market-based restricted stock units in the Monte Carlo simulation during the twenty-six weeks ended July 29, 2017 and July 30, 2016 were as follows:
 
July 29, 2017
 
July 30, 2016
Grant date market price
$
11.43

 
$
29.56

Fair value
$
11.79

 
$
34.12

Assumptions:
 
 
 
Price volatility
47
%
 
44
%
Expected term (years)
2.9

 
2.8

Risk-free interest rate
1.5
%
 
1.1
%
Dividend yield
7.0
%
 
2.8
%
Average volatility of peer companies
35.2
%
 
34.5
%
Average correlation coefficient of peer companies
0.2664

 
0.3389