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Stock-Based Compensation (Tables)
12 Months Ended
Jan. 29, 2022
Stock-Based Compensation.  
Summary of Stock Option Activity

    

    

WEIGHTED-AVERAGE

OPTIONS

EXERCISE PRICE

Outstanding—January 30, 2021

 

8,477,506

$

102.44

Granted

 

150,450

618.79

Exercised

 

(466,974)

68.63

Cancelled

 

(460,875)

149.75

Outstanding—January 29, 2022

 

7,700,107

$

111.76

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

      YEAR ENDED

 

    

JANUARY 29,

    

JANUARY 30,

    

FEBRUARY 1, 

 

2022

2021

2020 

 

Expected volatility

 

64.2

%  

58.9

%  

55.7

%

Expected life (years)

 

7.3

 

8.3

 

7.1

Risk-free interest rate

 

1.4

%  

0.6

%  

2.3

%

Dividend yield

 

 

 

Summary of Additional Information about Stock Options

      YEAR ENDED

    

JANUARY 29,

    

JANUARY 30,

    

FEBRUARY 1, 

2022

2021

2020 

Weighted-average fair value per share of stock options granted

$

392.65

$

168.90

$

63.35

Aggregate intrinsic value of stock options exercised (in thousands)

 

280,060

 

75,011

 

82,718

Fair value of stock options vested (in thousands)

 

59,074

 

12,429

 

11,816

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

OPTIONS OUTSTANDING

OPTIONS EXERCISABLE

    

    

WEIGHTED-

    

    

    

AVERAGE

WEIGHTED-

WEIGHTED-

REMAINING

AVERAGE

AVERAGE

NUMBER OF

CONTRACTUAL

EXERCISE

NUMBER OF

EXERCISE

RANGE OF EXERCISE PRICES

OPTIONS

LIFE (IN YEARS)

PRICE

OPTIONS

PRICE

$25.39 — $45.82

 

489,583

3.07

$

36.24

485,203

$

36.21

$46.50 — $46.50

 

2,876,826

0.75

46.50

2,876,826

46.50

$50.00 — $75.43

2,262,747

3.16

62.54

2,260,367

62.54

$87.31 — $385.30

 

1,923,901

7.93

248.75

931,071

323.89

$389.34 — $716.75

147,050

9.31

604.75

1,770

469.87

Total

 

7,700,107

 

$

111.76

 

6,555,237

$

90.78

Vested or expected to vest

 

7,424,028

 

$

106.68

 

  

 

  

Summary of Restricted Stock Award Activity

    

    

WEIGHTED-

    

AVERAGE

GRANT DATE FAIR

INTRINSIC

AWARDS

VALUE

VALUE

Outstanding—January 30, 2021

 

92,250

$

61.04

 

  

Granted

 

12,010

582.79

 

  

Released

 

(76,010)

56.00

 

  

Cancelled

 

(8,500)

55.96

 

  

Outstanding—January 29, 2022

 

19,750

$

399.89

$

7,740,420

Summary of Additional Information about Restricted Stock Awards

YEAR ENDED

    

JANUARY 29,

    

JANUARY 30,

    

FEBRUARY 1, 

2022

2021

2020 

Weighted-average fair value per share of awards granted

$

582.79

$

371.36

$

129.21

Grant date fair value of awards released (in thousands)

 

4,257

 

6,710

 

10,522