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Share-Based Compensation
9 Months Ended
Nov. 01, 2025
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION
Financial statement impact

The following table provides share-based compensation expense and the related income tax impacts for the thirteen and thirty-nine weeks ended November 1, 2025 and November 2, 2024:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in thousands)November 1, 2025November 2, 2024November 1, 2025November 2, 2024
Share-based compensation expense$9,107 $9,527 $29,491 $30,123 
Income tax benefits associated with share-based compensation expense recognized
1,421 1,287 4,306 3,805 

The following table provides discrete income tax benefits and charges related to share-based compensation awards during the thirteen and thirty-nine weeks ended November 1, 2025 and November 2, 2024:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in thousands)November 1, 2025November 2, 2024November 1, 2025November 2, 2024
Income tax discrete benefits realized for tax deductions related to the issuance of shares
$841 $581 $5,679 $17,913 

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 and thirty-nine weeks ended November 1, 2025 and November 2, 2024:

Thirteen Weeks EndedThirty-Nine Weeks Ended
(in thousands)November 1, 2025November 2, 2024November 1, 2025November 2, 2024
Employee tax withheld upon issuance of shares (1)
$1,351 $2,388 $36,181 $69,613 
(1)    Classified within financing activities on the Condensed Consolidated Statements of Cash Flows.
Restricted stock units

The following table provides the summarized activity for restricted stock units for the thirty-nine weeks ended November 1, 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 
Granted424,497 78.71 95,309 78.69 47,663 85.88 
Adjustments for performance achievement
152,539 30.12 87,168 41.38 
Vested(575,956)40.72 (326,867)30.12 (174,336)41.38 
Forfeited(42,409)56.61 (2,956)89.06 (1,478)109.36 
Unvested at November 1, 2025 (1)
979,317 $65.27 342,566 $56.31 171,304 $74.95 
(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 from zero up to 200% of their target vesting amount.

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 November 1, 2025:
Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Unrecognized compensation cost (in thousands)
$48,060 $9,034 $6,016 
Remaining weighted-average period cost is expected to be recognized (years)
1.30.81.0

The following table provides additional information pertaining to restricted stock units for the thirty-nine weeks ended November 1, 2025 and November 2, 2024:
Thirty-Nine Weeks Ended
(in thousands)November 1, 2025November 2, 2024
Service-based restricted stock units:
Total grant date fair value of awards granted$33,412 $29,096 
Total grant date fair value of awards vested23,453 21,679 
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 thirty-nine weeks ended November 1, 2025 and November 2, 2024:
Thirty-Nine Weeks Ended
November 1, 2025November 2, 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