Stock-based Compensation (Tables)

3 Months Ended

May 02, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Compensation Expense [Table Text Block]

The following table summarizes stock-based compensation expense:

	Three months ended
	May 2, 2015		May 3, 2014
	(in thousands)
Stock Options	$	1,996	$	1,915
Restricted Stock Units	867		730
Performance-Based Restricted Stock Units	658		203
Director Stock Units	42		40
Total	$	3,563	$	2,888

Stock Option Plan Activity

The following table summarizes all stock-based compensation activity:

	Three months ended
	May 2, 2015
	Stock Options		RSUs		PSUs	DSUs
	(in thousands)
Outstanding, beginning of period	3,156		320		173	360
Granted	877		80		145	3
Options exercised/units vested	(224	)	(83	)	—	(1	)
Forfeited	(31	)	(10	)	—	—
Outstanding, end of period	3,778		307		318	362
Exercisable, end of period	1,969		—		—	—

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]

The following table summarizes the total compensation cost related to nonvested shares not yet recognized and the weighted average expense recognition period remaining (amounts in thousands):

	Three months ended
	May 2, 2015
	Stock Options		RSUs		PSUs
Unrecognized compensation cost	$	18,470	$	6,736	$	8,448
Weighted average expense recognition period	2.4 years		2.1 years		2.4 years

Weighted-average Assumptions Used for Options Granted

The following table illustrates the weighted average assumptions used in the Black-Scholes pricing model for DSW stock options granted in each of the periods presented:    

	Three months ended
Assumptions:	May 2, 2015	May 3, 2014
Risk-free interest rate	1.4%	1.9%
Expected volatility of DSW Common Shares	37.9%	45.8%
Expected option term	5.1 years	5.4 years
Dividend yield	2.1%	2.3%
Other Data:
Weighted average grant date fair value	$10.24	$12.50

Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]

The fair value of the SARs was estimated using the Black-Scholes pricing model with the following assumptions for the period presented:

Assumptions:	As of May 2, 2015
Risk-free interest rate	0.2%
Expected volatility of DSW Common Shares	25.7%
Expected term	1.0 year
Expected dividend yield	2.4%