Stock-Based Compensation (Tables)

12 Months Ended

Jan. 28, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Stock Units Activity

The following table summarizes our restricted stock unit activity during fiscal 2023:

	Shares	Weighted-Average Grant Date Fair Value		Weighted-Average Contractual Term Remaining (Years)	Intrinsic Value 1
Balance at January 29, 2023	1,681,687	$	117.62
Granted	627,133	122.32
Granted, with vesting subject to performance conditions	140,658	119.61
Released 2	(770,226)	93.95
Cancelled	(166,659)	136.50
Balance at January 28, 2024	1,512,593	$	129.73	2.84	$	315,451,000
Vested plus expected to vest at January 28, 2024	1,378,949	$	132.50	3.36	$	287,580,000

1Intrinsic value for outstanding and unvested restricted stock units is based on the market value of our common stock on the last business day of the fiscal year (or $208.55).

2Excludes 208,670 incremental shares released due to achievement of performance conditions above target.

The following table summarizes additional information about restricted stock units:

	For the Fiscal Year Ended
	January 28, 2024		January 29, 2023		January 30, 2022
Weighted-average grant date fair value per share of awards granted	$	121.82	$	157.75	$	172.46
Intrinsic value of awards released1 2	$	118,417,000	$	180,450,000	$	234,293,000

1Intrinsic value for releases is based on the market value on the date of release.

2Includes 208,670 incremental shares released due to achievement of performance conditions above target.