XML 40 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share-Based Compensation (Tables)
 9 Months Ended
Oct. 28, 2017
Schedule of Stock Option Activity
The following table summarizes stock option activity for the thirty-nine weeks ended October 28, 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
(88,600
)
 
74.74

 
 
 
 
Outstanding at October 28, 2017
101,200

 
$
78.26

 
$
—

 
0.3
Stock options exercisable at October 28, 2017
101,200

 
$
78.26

 
$
—

 
0.3
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for the thirty-nine weeks ended October 28, 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
(982,928
)
 
42.85

 
 
 
 
Outstanding at October 28, 2017
3,096,122

 
$
49.09

 
$
—

 
2.2
Stock appreciation rights exercisable at October 28, 2017
2,846,623

 
$
51.14

 
$
—

 
1.7
Stock appreciation rights expected to become exercisable in the future as of October 28, 2017
225,010

 
$
25.87

 
$
—

 
7.2
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for the thirty-nine weeks ended October 28, 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
1,673,528

 
9.89

 
524,030

 
9.11

 
236,872

 
11.79

Adjustments for performance achievement
—

 
—

 
—

 
—

 
—

 
—

Vested
(676,345
)
 
25.92

 
—

 
—

 
—

 
—

Forfeited
(293,668
)
 
23.00

 
(37,779
)
 
21.75

 
(37,784
)
 
26.14

Unvested at October 28, 2017
2,618,976

 
$
15.61

 
690,174

 
$
11.82

 
383,980

 
$
16.50



(1) 
Includes 730,736 unvested restricted stock units as of October 28, 2017 which are subject to the vesting requirement that the Company must achieve at least $1.00 of GAAP net income attributable to A&F for the fiscal year immediately preceding the vesting date. Holders of these restricted stock units have the opportunity to earn back one or more installments of the award if the cumulative performance requirements are met in a subsequent year.
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 thirty-nine weeks ended October 28, 2017 and October 29, 2016 were as follows:
 
October 28, 2017
 
October 29, 2016
Grant date market price
$
11.43

 
$
28.06

Fair value
$
11.79

 
$
31.01

Assumptions:
 
 
 
Price volatility
47
%
 
45
%
Expected term (years)
2.9

 
2.7

Risk-free interest rate
1.5
%
 
1.0
%
Dividend yield
7.0
%
 
3.0
%
Average volatility of peer companies
35.2
%
 
34.5
%
Average correlation coefficient of peer companies
0.2664

 
0.3415