STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Aug. 02, 2025

STOCK-BASED COMPENSATION

Schedule of options outstanding, vested or expected to vest, and exercisable

		WEIGHTED-		WEIGHTED-		AGGREGATE
		AVERAGE		AVERAGE		INTRINSIC
		EXERCISE		REMAINING TERM		VALUE
	SHARES	PRICE		(in years)		(in thousands)
Options outstanding	3,941,132	$	209.21		5.1	$	223,945
Options vested or expected to vest	3,642,368		205.45		4.8		220,856
Options exercisable	2,506,892		184.13		3.5		203,416

Schedule of stock-based compensation expense

	THREE MONTHS ENDED				SIX MONTHS ENDED
	AUGUST 2,		AUGUST 3,		AUGUST 2,		AUGUST 3,
	2025		2024		2025		2024
	(in thousands)
Stock-based compensation expense(1)	$	11,633	$	11,529	$	24,007	$	22,073

(1) On October 18, 2020, our Board of Directors granted Mr. Friedman an option to purchase 700,000 shares of our common stock with an exercise price equal to $385.30 per share under the Stock Incentive Plan. The option resulted in aggregate non-cash stock compensation expense of $174 million, of which $0.9 million and $2.8 million was recognized during the six months ended August 2, 2025 and August 3, 2024, respectively. Compensation expense for this award was fully recognized as of the first quarter of fiscal 2025.

Schedule of total unrecognized compensation expense and weighted average remaining term

	UNRECOGNIZED		WEIGHTED-
	STOCK BASED		AVERAGE
	COMPENSATION		REMAINING TERM
	(in thousands)		(in years)
Unvested options	$	147,806		4.8
Unvested restricted stock and restricted stock units		9,287		2.1
Total	$	157,093