STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Aug. 02, 2015

Aug. 03, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block]

The following summarizes the assumptions used to estimate the fair value of service-based stock options granted during the twenty-six weeks ended August 2, 2015 and August 3, 2014:



	Twenty-Six Weeks Ended
	8/2/15			8/3/14
Weighted average risk-free interest rate	1.54		%	2.15		%
Weighted average expected option term (in years)	6.25			6.25
Weighted average Company volatility	36.32		%	44.12		%
Expected annual dividends per share	$	0.15		$	0.15
Weighted average grant date fair value per option	$	40.23		$	56.21

The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected option term. The expected option term represents the weighted average period of time that options granted are expected to be outstanding, based on vesting schedules and the contractual term of the options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected option term. Expected dividends are based on the Company’s common stock cash dividend rate at the date of grant.

The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving option grants, mainly due to acquisitions. The Company will continue to evaluate the appropriateness of utilizing such method.

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Service-based stock option activity for the twenty-six weeks ended August 2, 2015 was as follows:



(In thousands, except per option data)	Options	Weighted Average Exercise Price Per Option
Outstanding at February 1, 2015	1,472	$	64.14
Granted	172	107.13
Exercised	109	49.84
Cancelled	14	107.57
Outstanding at August 2, 2015	1,521	$	69.64
Exercisable at August 2, 2015	1,136	$	55.51

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

RSU activity for the twenty-six weeks ended August 2, 2015 was as follows:



(In thousands, except per RSU data)	RSUs	Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 1, 2015	640	$	107.42
Granted	295	104.53
Vested	195	86.22
Cancelled	53	113.53
Non-vested at August 2, 2015	687	$	111.73

Schedule of Restricted Stock Activity [Table Text Block]

Restricted stock activity for the twenty-six weeks ended August 2, 2015 was as follows:



(In thousands, except per share data)	Restricted Stock	Weighted Average Grant Date Fair Value Per Share
Non-vested at February 1, 2015	20	$	120.72
Granted	—	—
Vested	17	120.72
Cancelled	1	120.72
Non-vested at August 2, 2015	2	$	120.72

Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block]

The fair value of the awards granted in the first quarter of 2015 was established on the grant date using the Monte Carlo simulation model, which was based on the following assumptions:



Risk-free interest rate	0.90		%
Expected Company volatility	29.10		%
Expected annual dividends per share	$	0.15
Grant date fair value per performance share unit	$	101.23

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

Performance share activity for the twenty-six weeks ended August 2, 2015 was as follows:



(In thousands, except per share data)	Performance Shares	Weighted Average Grant Date Fair Value Per Share
Non-vested at February 1, 2015	553	$	119.95
Granted	46	101.23
Vested	54	88.52
Cancelled	45	121.91
Non-vested at August 2, 2015	500	$	121.45