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Stock-Based Compensation (Tables)
12 Months Ended
Jan. 28, 2017
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 2016 is as follows:

 

 

 

Options

 

 

Weighted-Average

Exercise Price

 

Outstanding—January 30, 2016

 

 

6,535,573

 

 

$

55.71

 

Granted

 

 

3,062,234

 

 

 

35.82

 

Exercised

 

 

(175,585

)

 

 

28.61

 

Cancelled

 

 

(948,563

)

 

 

56.47

 

Outstanding—January 28, 2017

 

 

8,473,659

 

 

$

49.00

 

 

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

The fair value of stock options issued was estimated on the date of grant using the following assumptions:

 

 

 

Year Ended

 

 

 

January 28,

 

 

January 30,

 

 

January 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Expected volatility

 

 

44.9

%

 

 

37.7

%

 

 

39.7

%

Expected life (years)

 

 

6.5

 

 

 

6.5

 

 

 

6.5

 

Risk-free interest rate

 

 

1.4

%

 

 

1.8

%

 

 

2.0

%

Dividend yield

 

 

 

 

 

 

 

 

 

 

Summary of Additional Information about Stock Options

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

 

 

 

Year Ended

 

 

 

January 28,

 

 

January 30,

 

 

January 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Weighted-average fair value per share of stock

   options granted

 

$

15.88

 

 

$

36.43

 

 

$

26.92

 

Aggregate intrinsic value of stock options exercised

   (in thousands)

 

$

1,238

 

 

$

32,590

 

 

$

62,015

 

Fair value of stock options vested (in thousands)

 

$

13,726

 

 

$

8,611

 

 

$

2,246

 

 

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 January 28, 2017 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 - $25.39

 

 

924,715

 

 

 

8.74

 

 

$

25.13

 

 

 

170,215

 

 

$

24.00

 

$25.88 - $39.42

 

 

1,449,833

 

 

 

8.13

 

 

 

32.48

 

 

 

760,083

 

 

 

31.09

 

$44.52 - $46.50

 

 

3,885,426

 

 

 

6.57

 

 

 

46.04

 

 

 

2,976,826

 

 

 

46.50

 

$56.27 - $69.64

 

 

637,415

 

 

 

7.15

 

 

 

61.60

 

 

 

221,710

 

 

 

61.78

 

$75.43 - $101.84

 

 

1,576,270

 

 

 

7.03

 

 

 

80.38

 

 

 

1,141,359

 

 

 

76.89

 

Total

 

 

8,473,659

 

 

 

7.20

 

 

$

49.00

 

 

 

5,270,193

 

 

$

50.77

 

Vested or expected to vest

 

 

7,950,844

 

 

 

7.08

 

 

$

49.37

 

 

 

 

 

 

 

 

 

 

Summary of Restricted Stock Award Activity

A summary of restricted stock award activity for fiscal 2016 is as follows:

 

 

 

Awards

 

 

Weighted-Average

Grant Date Fair Value

 

 

Intrinsic Value

 

Outstanding—January 30, 2016

 

 

805,915

 

 

$

73.11

 

 

 

 

 

Granted

 

 

864,367

 

 

 

40.18

 

 

 

 

 

Released

 

 

(173,458

)

 

 

64.68

 

 

 

 

 

Cancelled

 

 

(378,805

)

 

 

59.65

 

 

$

29,169,116

 

Outstanding—January 28, 2017

 

 

1,118,019

 

 

$

53.52

 

 

 

 

 

 

Summary of Additional Information about Restricted Stock Awards

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

 

 

 

Year Ended

 

 

 

January 28,

 

 

January 30,

 

 

January 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Weighted-average fair value per share of awards

   granted

 

$

40.18

 

 

$

90.14

 

 

$

63.59

 

Grant date fair value of awards released

   (in thousands)

 

$

5,170

 

 

$

12,223

 

 

$

6,172