Stock-Based Compensation (Tables)

12 Months Ended

Jan. 28, 2023

Stock-Based Compensation.

Summary of Stock Option Activity

		WEIGHTED-AVERAGE
	OPTIONS	EXERCISE PRICE
Outstanding—January 29, 2022	7,700,107	$	111.76
Granted	85,500		263.56
Exercised	(4,249,285)		54.44
Cancelled	(120,370)		305.40
Outstanding—January 28, 2023	3,415,952	$	180.03

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

	YEAR ENDED
	JANUARY 28,		JANUARY 29,		JANUARY 30,
	2023		2022		2021
Expected volatility	62.4	%	64.2	%	58.9	%
Expected life (years)	7.3		7.3		8.3
Risk-free interest rate	3.8	%	1.4	%	0.6	%
Dividend yield	—		—		—

Summary of Additional Information about Stock Options

	YEAR ENDED
	JANUARY 28,		JANUARY 29,		JANUARY 30,
	2023		2022		2021
	(in thousands, except per share amounts)
Weighted-average fair value per share of stock options granted	$	171.78	$	392.65	$	168.90
Aggregate intrinsic value of stock options exercised		1,102,657		280,060		75,011
Fair value of stock options vested		18,071		22,665(1)		12,429

(1) The fair value of stock options vested in fiscal 2021 was disclosed as $59,074 in our fiscal 2021 Form 10-K and has been updated with the amount presented herein.

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	269,642	3.32	$	35.67	269,642	$	35.67
$50.00 — $50.00	1,000,000	4.26		50.00	1,000,000		50.00
$53.47 — $109.87	516,826	4.10		87.31	320,296		77.35
$111.37 — $164.12	478,479	7.15		154.17	92,639		153.70
$174.32 — $380.53	330,780	7.91		285.34	61,060		280.85
$385.30 — $385.30	700,000	7.72		385.30	700,000		385.30
$389.34 — $713.52	120,225	8.33		601.85	14,130		591.29
Total	3,415,952		$	180.03	2,457,767	$	160.25
Vested or expected to vest	3,218,626		$	175.84

Summary of Restricted Stock Award Activity

		WEIGHTED-
		AVERAGE
		GRANT DATE FAIR		INTRINSIC
	AWARDS	VALUE		VALUE
Outstanding—January 29, 2022	19,750	$	399.89
Granted	14,577		318.86
Released	(11,747)		229.36
Cancelled	(1,660)		340.24
Outstanding—January 28, 2023	20,920	$	443.92	$	6,498,798

Summary of Additional Information about Restricted Stock Awards

	YEAR ENDED
	JANUARY 28,		JANUARY 29,		JANUARY 30,
	2023		2022		2021
Weighted-average fair value per share of awards granted	$	318.86	$	582.79	$	371.36
Grant date fair value of awards released (in thousands)		2,694		4,257		6,710