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Stock-Based Compensation (Tables)
12 Months Ended
Feb. 02, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity under the Stock Incentive Plan and the Option Plan for fiscal 2018 is as follows:

 

 

 

Options

 

 

Weighted-Average

Exercise Price

 

Outstanding—February 3, 2018

 

 

8,616,578

 

 

$

50.31

 

Granted

 

 

428,350

 

 

 

123.13

 

Exercised

 

 

(882,272

)

 

 

49.90

 

Cancelled

 

 

(663,240

)

 

 

51.91

 

Outstanding—February 2, 2019

 

 

7,499,416

 

 

$

54.37

 

 

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

 

 

 

February 2,

 

 

February 3,

 

 

January 28,

 

 

 

2019

 

 

2018

 

 

2017

 

Expected volatility

 

 

54.7

%

 

 

48.3

%

 

 

44.9

%

Expected life (years)

 

 

6.7

 

 

 

9.3

 

 

 

6.5

 

Risk-free interest rate

 

 

2.9

%

 

 

2.2

%

 

 

1.4

%

Dividend yield

 

 

 

 

 

 

 

 

 

Summary of Additional Information about Stock Options

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

 

 

 

Year Ended

 

 

 

February 2,

 

 

February 3,

 

 

January 28,

 

 

 

2019

 

 

2018

 

 

2017

 

Weighted-average fair value per share of stock options

   granted

 

$

69.60

 

 

$

24.24

 

 

$

15.88

 

Aggregate intrinsic value of stock options exercised (in

   thousands)

 

 

77,311

 

 

 

27,362

 

 

 

1,238

 

Fair value of stock options vested (in thousands)

 

 

13,915

 

 

 

38,402

 

 

 

13,726

 

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 2, 2019 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

 

$25.39 - $44.52

 

 

1,541,706

 

 

 

6.83

 

 

$

34.54

 

 

 

583,526

 

 

$

33.17

 

$45.21 - $45.82

 

 

29,540

 

 

 

8.56

 

 

 

45.23

 

 

 

4,140

 

 

 

45.24

 

$46.50 - $46.50

 

 

2,976,826

 

 

 

3.74

 

 

 

46.50

 

 

 

2,976,826

 

 

 

46.50

 

$47.53 - $61.30

 

 

1,331,277

 

 

 

7.58

 

 

 

52.69

 

 

 

1,216,457

 

 

 

51.99

 

$64.65 - $90.92

 

 

1,219,817

 

 

 

4.77

 

 

 

77.54

 

 

 

1,089,780

 

 

 

76.52

 

$91.69 - $159.00

 

 

400,250

 

 

 

8.94

 

 

 

124.97

 

 

 

27,650

 

 

 

93.63

 

Total

 

 

7,499,416

 

 

 

5.52

 

 

$

54.37

 

 

 

5,898,379

 

 

$

52.08

 

Vested or expected to vest

 

 

6,988,863

 

 

 

5.34

 

 

$

52.86

 

 

 

 

 

 

 

 

 

Summary of Restricted Stock Award Activity A summary of restricted stock award activity for fiscal 2018 is as follows:

 

 

 

Awards

 

 

Weighted-

Average

Grant Date Fair

Value

 

 

Intrinsic

Value

 

Outstanding—February 3, 2018

 

 

802,713

 

 

$

52.65

 

 

 

 

 

Granted

 

 

12,005

 

 

 

111.38

 

 

 

 

 

Released

 

 

(194,974

)

 

 

58.87

 

 

 

 

 

Cancelled

 

 

(204,275

)

 

 

50.68

 

 

 

 

 

Outstanding—February 2, 2019

 

 

415,469

 

 

$

52.40

 

 

$

55,523,277

 

Summary of Additional Information about Restricted Stock Awards

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

 

 

 

Year Ended

 

 

 

February 2,

 

 

February 3,

 

 

January 28,

 

 

 

2019

 

 

2018

 

 

2017

 

Weighted-average fair value per share of awards granted

 

$

111.38

 

 

$

55.31

 

 

$

40.18

 

Grant date fair value of awards released (in thousands)

 

 

11,477

 

 

 

16,839

 

 

 

5,170