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Share-Based Compensation (Tables)
 3 Months Ended
May 05, 2018
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for the thirteen weeks ended May 5, 2018:
 
Service-based Restricted
Stock Units
 
Performance-based Restricted
Stock Units
 
Market-based Restricted
Stock Units
 
Number of 
Underlying
Shares
 
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 February 3, 2018
2,520,160

 
$
15.35

 
690,174

 
$
11.82

 
383,980

 
$
16.50

Granted
674,690

 
21.68

 
142,008

 
21.31

 
142,014

 
33.69

Adjustments for performance achievement
—

 
—

 
(43,999
)
 
20.10

 
(36,817
)
 
19.04

Vested
(599,888
)
 
17.96

 
—

 
—

 
(7,185
)
 
19.04

Forfeited
(105,827
)
 
13.21

 
(6,687
)
 
9.11

 
(6,688
)
 
11.79

Unvested at May 5, 2018 (1)
2,489,135

 
$
16.51

 
781,496

 
$
13.10

 
475,304

 
$
21.47



(1) 
Includes 562,435 unvested service-based restricted stock units subject to vesting requirement related to the achievement of certain performance metrics, such as operating income and net income, 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. Unvested shares related to restricted stock units with performance-based and market-based vesting conditions can achieve up to 200% of their target vesting amount and are reflected at 100% of their target vesting amount in the table above.
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 thirteen weeks ended May 5, 2018 and April 29, 2017 were as follows:
 
May 5, 2018
 
April 29, 2017
Grant date market price
$
23.59

 
$
11.43

Fair value
$
33.69

 
$
11.79

Assumptions:
 
 
 
Price volatility
54
%
 
47
%
Expected term (years)
2.9

 
2.9

Risk-free interest rate
2.4
%
 
1.5
%
Dividend yield
3.4
%
 
7.0
%
Average volatility of peer companies
37.4
%
 
35.2
%
Average correlation coefficient of peer companies
0.2709

 
0.2664