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Share-Based Compensation (Tables)
3 Months Ended
May 03, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
The following table provides share-based compensation expense and the related income tax impacts for the thirteen weeks ended May 3, 2025 and May 4, 2024:
Thirteen Weeks Ended
(in thousands)May 3, 2025May 4, 2024
Share-based compensation expense$10,591 $11,363 
Income tax benefits associated with share-based compensation expense recognized
1,398 1,278 
Share-based Payment Arrangement, Discrete Tax Benefit (Charge) [Table Text Block]
The following table provides discrete income tax benefits and charges related to share-based compensation awards during the thirteen weeks ended May 3, 2025 and May 4, 2024:
Thirteen Weeks Ended
(in thousands)May 3, 2025May 4, 2024
Income tax discrete benefits realized for tax deductions related to the issuance of shares
$4,591 $14,554 
Income tax discrete charges realized upon cancellation of stock appreciation rights— — 
Total income tax discrete benefits related to share-based compensation awards
$4,591 $14,554 
Employee tax withheld by company for share-based compensation
The following table provides 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 thirteen weeks ended May 3, 2025 and May 4, 2024:
Thirteen Weeks Ended
(in thousands)May 3, 2025May 4, 2024
Employee tax withheld upon issuance of shares (1)
$34,062 $65,173 
(1)    Classified within financing activities on the Condensed Consolidated Statements of Cash Flows.
Schedule of Restricted Stock Unit Activity
The following table provides the summarized activity for restricted stock units for the thirteen weeks ended May 3, 2025:
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 1, 20251,173,185 $47.95 424,541 $40.76 212,287 $58.95 
Granted398,724 78.72 95,309 78.69 47,663 85.88 
Adjustments for performance achievement
— — 152,539 30.12 87,168 41.38 
Vested(487,315)41.74 (326,867)30.12 (174,336)41.38 
Forfeited(6,826)49.13 — — — — 
Unvested at May 3, 2025 (1)
1,077,768 $62.20 345,522 $56.59 172,782 $75.24 
(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 from zero up to 200% of their target vesting amount.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table provides the unrecognized compensation cost and the remaining weighted-average period over which these costs are expected to be recognized for restricted stock units as of May 3, 2025:
Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Unrecognized compensation cost (in thousands)
$61,175 $14,876 $8,218 
Remaining weighted-average period cost is expected to be recognized (years)1.51.01.2
Market-based restricted stock units [Member]  
Schedule of Weighted-Average Estimated Fair Value and Assumptions of Restricted Stock Units with Market Vesting Conditions additional information pertaining to restricted stock units for the thirteen weeks ended May 3, 2025 and May 4, 2024:
Thirteen Weeks Ended
(in thousands)May 3, 2025May 4, 2024
Service-based restricted stock units:
Total grant date fair value of awards granted$31,388 $27,256 
Total grant date fair value of awards vested20,341 18,455 
Performance-based restricted stock units:
Total grant date fair value of awards granted7,500 6,483 
Total grant date fair value of awards vested9,845 9,659 
Market-based restricted stock units:
Total grant date fair value of awards granted4,093 4,860 
Total grant date fair value of awards vested7,214 7,574 
The following table provides the weighted-average assumptions used for market-based restricted stock units in the Monte Carlo simulation during the thirteen weeks ended May 3, 2025 and May 4, 2024:
Thirteen Weeks Ended
May 3, 2025May 4, 2024
Grant date market price$78.69 $120.56 
Fair value85.88 180.71 
Price volatility61 %59 %
Expected term (years)2.92.9
Risk-free interest rate3.8 %4.3 %
Dividend yield— — 
Average volatility of peer companies45.6 51.8 
Average correlation coefficient of peer companies0.44300.4866