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Stock-Based Compensation (Tables)
12 Months Ended
Feb. 01, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity under the Option Plan and the Stock Incentive Plan for fiscal 2013 is as follows:

 

     Options     Weighted-Average
Exercise Price
 

Outstanding—February 2, 2013

     8,159,577      $ 41.41  

Granted

     1,417,500        70.32   

Exercised

     (317,771     27.26   

Forfeited

     (95,675     35.75   

Retired

     (16,325     29.00   
  

 

 

   

Outstanding—February 1, 2014

     9,147,306      $ 46.46  
  

 

 

   
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Issued

The fair value of stock options issued during fiscal 2013 and 2012 was estimated on the date of grant using the following assumptions:

 

     Fiscal 2013     Fiscal 2012  

Expected volatility

     39.7     35.4

Expected life (years)

     6.7        5.3   

Risk-free interest rate

     1.9     1.6

Dividend yield

     —          —     
Summary of Additional Information about Stock Options

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

 

     Fiscal 2013      Fiscal 2012  

Weighted-average fair value per share of stock options granted

   $ 30.49       $ 6.34   

Aggregate intrinsic value of stock options exercised (in thousands)

   $ 11,623       $ —     

Fair value of stock options vested (in thousands)

   $ 33,871       $ 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 1, 2014 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

     1,736,279         8.50       $ 27.51         1,736,279       $ 27.51   

$32.35 - $39.00

     141,875         8.75         33.89         5,000         32.46   

$46.50 - $46.50

     5,953,652         4.54         46.50         5,953,652         46.50   

$58.96 - $69.64

     265,500         9.41         61.54         —           —     

$74.03 - $76.80

     1,050,000         9.41         75.46         1,000,000         75.43   
  

 

 

          

 

 

    

Total

     9,147,306         6.06       $ 46.46         8,694,931       $ 46.03   
  

 

 

          

 

 

    

Vested or expected to vest as of February 1, 2014

     9,113,138         6.05       $ 46.43         
  

 

 

             
Summary of Restricted Stock Award Activity

A summary of restricted stock award activity under the Stock Incentive Plan for fiscal 2013 is as follows:

 

     Options     Weighted-Average
Grant Date Fair  Value
     Intrinsic
Value
 

Outstanding—February 2, 2013

     —       $ —       

Granted

     316,580        65.37      

Released

     (13,333     57.01      

Cancelled

     (13,500     73.92      
  

 

 

      

Outstanding—February 1, 2014

     289,747      $ 65.36       $ 16,440,000   
Summary of Additional Information about Restricted Stock Awards

A summary of additional information about restricted stock awards is as follows:

 

     Fiscal 2013      Fiscal 2012  

Weighted-average fair value per share of awards granted

   $ 65.37       $ 24.00   

Grant date fair value of awards released (in thousands)

   $ 760       $ 975