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Stock Incentive Plans (Tables)
12 Months Ended
Jan. 29, 2022
Share-based Payment Arrangement [Abstract]  
Fair value assumptions The fair value of the options granted in fiscal year 2020 and fiscal year
2019 was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions (no dividends were expected).
Fiscal Year Ended
January 30, 2021
Fiscal Year Ended
February 1, 2020
Risk-free interest rate
0.44%
2.36%
Expected volatility25.0 %25.8 %
Weighted-average expected option life (in years)
 5.75 - 6.0
6.0
Weighted-average grant-date fair value
 $6.16 - $6.29
$8.37
Stock option activity
Presented below is a summary of the stock option activity and weighted-average exercise prices for the fiscal year ended January 29, 2022:
(Options in thousands)Number of Securities to be Issued Upon Exercise of Outstanding OptionsWeighted- average Exercise PriceWeighted-average Remaining Contractual Life (in years)
Outstanding, beginning of period3,673 $17.50 
Granted— — 
Forfeited— — 
Exercised(1,391)13.94 
Outstanding, end of period2,282 19.68 6.6
Vested and expected to vest, end of period2,282 19.68 6.6
Exercisable, end of period1,837 18.11 6.4
Non-vested restricted shares, restricted stock units and performance stock activity
Presented below is a summary of our non-vested restricted shares, restricted stock units and performance stock and weighted-average grant-date fair values for the fiscal year ended January 29, 2022:
Restricted StockRestricted Stock UnitsPerformance Stock
(Shares in thousands)SharesWeighted-average Grant-Date Fair ValueSharesWeighted-average Grant-Date Fair ValueSharesWeighted-average Grant-Date Fair Value
Outstanding, beginning of period1,575 $26.29 29 $34.54 527 $23.96 
Granted509 45.03 26 46.82 429 45.18 
Forfeited(14)39.76 — — (282)28.98 
Vested(1,017)29.59 (29)34.60 — — 
Outstanding, end of period1,053 $34.36 26 $46.82 674 $39.76