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Stock-Based Compensation (Tables)
12 Months Ended
Feb. 02, 2013
Schedule of Time-Based Unit Activity

The following table presents the time-based unit activity in fiscal 2011 and fiscal 2012:

 

     Number Of
Units
    Weighted-
Average
Grant Date
Fair Value
     Weighted-
Average
Remaining
Contractual
Life
(In Years)
 

Outstanding—January 29, 2011

     9,801,071        0.61         8.35   

Granted

     1,626,000        1.28         10.00   

Cancelled

     (570,426     0.58         9.53   

Forfeited

     (567,925     1.18         9.78   
  

 

 

      

Outstanding—January 28, 2012

     10,288,720        0.69         7.43   

Granted

     —          —           —     

Cancelled

     (33,000     0.62         9.36   

Forfeited

     (253,750     1.24         9.68   

Replaced with common stock

     (10,001,970     0.67         6.65   
  

 

 

      

Outstanding—February 2, 2013

     —          —           —     
  

 

 

      
Schedule of Performance-Based Unit Activity

The following table presents the performance-based unit activity in fiscal 2011 and fiscal 2012:

 

     Number Of
Units
    Weighted-
Average
Grant Date
Fair Value
 

Outstanding—January 29, 2011

     9,422,384        0.25   

Granted

     1,069,000        0.48   

Cancelled

     (762,609     0.35   

Forfeited

     (607,000     0.11   
  

 

 

   

Outstanding—January 28, 2012

     9,121,775        0.28   

Granted

     —         —    

Forfeited

     (45,000     0.64   

Replaced with common stock

     (9,076,775     0.28   
  

 

 

   

Outstanding—February 2, 2013

     —         —    
  

 

 

   
Summary of Stock Option Activity

A summary of stock option activity under the Option Plan and the Stock Incentive Plan for fiscal 2012 is as follows:

 

     Options      Weighted-Average
Exercise Price
 

Outstanding—January 28, 2012

     —        $ —    

Granted

     8,159,577         41.41   

Exercised

     —          —    

Forfeited

     —          —    
  

 

 

    

Outstanding—February 2, 2013

     8,159,577       $ 41.41   
  

 

 

    
Summary of Additional Information about Stock Options

A summary of additional information about stock options in fiscal 2012 is as follows:

 

Weighted-average fair value per share of stock options granted

   $ 6.34   

Aggregate intrinsic value of stock options exercised (in thousands)

   $ —    

Fair value of stock options vested (in thousands)

   $ 51,063   
Schedule of Stock Options Outstanding, Vested or Expected to Vest, and Exercisable

Information about stock options outstanding, vested or expected to vest, and exercisable as of February 2, 2013 is as follows:

 

     Options Outstanding      Options Exercisable  

Range of Exercise Prices

   Number of
Options
     Weighted-
Average
Remaining
Contractual
Life (in years)
     Weighted-
Average
Exercise Price
     Number of
Options
     Weighted-
Average
Exercise Price
 

$24.00 - $29.00

     2,139,425         9.74       $ 27.52         2,139,425       $ 27.52   

$30.00 - $33.00

     66,500         9.89         32.38         —          —    

$46.50

     5,953,652         9.74         46.50         5,953,652         46.50   
  

 

 

          

 

 

    

Total

     8,159,577         9.74       $ 41.41         8,093,077       $ 41.48   
  

 

 

          

 

 

    

Vested or expected to vest as of February 2, 2013

     8,159,577         9.74       $ 41.41         
  

 

 

             
Time-based unit [Member]
 
Weighted Average Assumptions Used to Estimated Fair Value of Units Granted

The fair value of each time-based unit granted in fiscal 2011 was estimated on the date of grant using a Monte Carlo method with the following weighted-average assumptions:

 

Expected volatility

     56

Expected life (years)

     0.8   

Risk-free interest rate

     0.19

Dividend yield

     —    
Performance-based units [Member]
 
Weighted Average Assumptions Used to Estimated Fair Value of Units Granted

The fair value of each performance-based unit granted in fiscal 2011 was estimated on the date of grant using a Monte Carlo method with the following weighted-average assumptions:

 

Expected volatility

     56

Expected life (years)

     0.8   

Risk-free interest rate

     0.21

Dividend yield

     —