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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Feb. 01, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount
The following table details share-based compensation expense and the related income tax benefit for Fiscal 2024, Fiscal 2023 and Fiscal 2022:
(in thousands)Fiscal 2024Fiscal 2023Fiscal 2022
Share-based compensation expense$38,667 $40,122 $28,995 
Income tax benefit associated with share-based compensation expense recognized during the period
5,117 4,350 3,515 

The following table details discrete income tax benefits and charges related to share-based compensation awards during Fiscal 2024, Fiscal 2023 and Fiscal 2022:
(in thousands)Fiscal 2024Fiscal 2023Fiscal 2022
Income tax discrete benefits realized for tax deductions related to the issuance of shares during the period
$19,474 $2,709 $1,956 
Income tax discrete charges realized upon cancellation of stock appreciation rights during the period— (101)(226)
Total income tax discrete benefits related to share-based compensation awards
$19,474 $2,608 $1,730 

The following table details the amount of employee tax withheld by the Company upon the issuance of shares associated with restricted stock units vesting and the exercise of stock appreciation rights for the Fiscal 2024, Fiscal 2023 and Fiscal 2022:
(in thousands)Fiscal 2024Fiscal 2023Fiscal 2022
Employee tax withheld upon issuance of shares (1)
$70,208 $29,485 $14,464 
(1)    Classified within other financing activities on the Consolidated Statements of Cash Flows.
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for Fiscal 2024:
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 (1)
Weighted-
Average Grant
Date Fair Value
Number of 
Underlying
Shares (1)
Weighted-
Average Grant
Date Fair Value
Unvested at February 3, 2024
1,886,085 $27.12 521,212 $30.03 260,619 $43.90 
Granted241,183 123.15 53,775 120.56 26,895 180.71 
Change due to performance criteria achievement— — 150,446 32.10 75,227 50.34 
Vested(876,699)25.02 (300,892)32.10 (150,454)50.34 
Forfeited(77,384)35.95 — — — — 
Unvested at February 1, 2025 (1)
1,173,185 $47.95 424,541 $40.76 212,287 $58.95 
(1)    Unvested shares related to restricted stock units with performance-based and market-based vesting conditions are reflected at 100% of their target vesting amount in the table above. Unvested shares related to restricted stock units with performance-based and market-based vesting conditions can be achieved at up to 200% of their target vesting amount.

The following table details unrecognized compensation cost and the remaining weighted-average period over which these costs are expected to be recognized for restricted stock units as of February 1, 2025:
(in thousands)Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Unrecognized compensation cost$36,477 $13,983 $5,211 
Remaining weighted-average period cost is expected to be recognized (years)0.90.90.9
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for Fiscal 2024:
Number of
Underlying
Shares
Weighted-Average
Exercise Price
Aggregate
Intrinsic Value
Weighted-Average
Remaining
Contractual Life (years)
Outstanding at February 3, 202425,600 $29.29 
Granted— — 
Exercised(25,600)29.29 
Forfeited or expired— — 
Outstanding at February 1, 2025— $— $— 0.0
Stock appreciation rights exercisable at February 1, 2025— $— $— 0.0
The following table provides additional information pertaining to grant date fair value of awards exercised during Fiscal 2024, Fiscal 2023 and Fiscal 2022:
(in thousands)Fiscal 2024Fiscal 2023Fiscal 2022
Total grant date fair value of awards exercised$267 $1,409 $— 

No stock appreciation rights were exercised during Fiscal 2022.
Market-based Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Weighted-Average Estimated Fair Value and Assumptions of Market-based Restricted Stock Units
The weighted-average assumptions used for market-based restricted stock units in the Monte Carlo simulation during Fiscal 2024, Fiscal 2023 and Fiscal 2022 were as follows:
Fiscal 2024Fiscal 2023Fiscal 2022
Grant date market price$120.56 $28.36 $30.24 
Fair value180.71 41.20 41.60 
Assumptions:
Price volatility59 %63 %66 %
Expected term (years)2.92.92.8
Risk-free interest rate4.3 %4.6 %2.5 %
Dividend yield— — — 
Average volatility of peer companies51.8 %66.0 %72.3 %
Average correlation coefficient of peer companies0.4866 0.5295 0.515