Stock-Based Compensation (Tables)

12 Months Ended

Jan. 25, 2020

Stock-Based Compensation

Schedule of assumptions in estimating the fair value of option grants

We utilized the following assumptions in estimating the fair value of the option grants:

	January 25, 2020		January 26, 2019		January 27, 2018
Weighted-average expected volatility	60.9	%	58.6	%	57.7	%
Expected dividend yield	—	%	—	%	—	%
Weighted-average expected term (in years)	4.2		5.0		4.0
Weighted-average risk-free interest rate	2.1	%	2.8	%	2.0	%

Schedule of option activity under Equity Plans

A summary of option activity under the Equity Plans as of January 25, 2020, and changes during the fiscal year then ended, is presented below:

				Weighted-
		Weighted-		Average	Aggregate
		Average		Remaining	Intrinsic
		Exercise		Contractual	Value
	Options	Price		Term	(in thousands)
Outstanding, beginning of year	7,758,832	$	21.43
Granted	778,797		14.33
Exercised	(406,509)		14.81
Forfeited or expired	(2,305,604)		36.94
Outstanding, end of year	5,825,516	$	14.80	4.01	$ 7,684
Exercisable, end of year	4,506,048	$	12.63	3.46	$ 6,520

Schedule of RSU activity and related information

A summary of the Company’s Awards activity and related information as of January 25, 2020, and changes during the fiscal year then ended, is presented below:

		Weighted-
		Average
	Number of	Grant Date
	Shares	Fair Value
Nonvested, beginning of year	314,027	$	29.39
Granted	628,485		10.80
Vested	(98,665)		29.58
Forfeited	(95,335)		20.38
Nonvested, end of year	748,512	$	14.90