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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
May 05, 2024
Share-Based Payment Arrangement [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 stock options granted during the thirteen weeks ended May 5, 2024 and the resulting weighted average grant date fair value per stock option:
5/5/24
Weighted average risk-free interest rate4.33 %
Weighted average expected stock option term (in years)6.25
Weighted average Company volatility53.32 %
Expected annual dividends per share    $0.15  
Weighted average grant date fair value per stock option$60.96  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
Stock option activity for the thirteen weeks ended May 5, 2024 was as follows:
(In thousands, except per stock option data)Stock OptionsWeighted Average Exercise Price
Per Stock Option
Outstanding at February 4, 2024513 $94.05 
  Granted58 109.75 
  Exercised57 122.25 
  Forfeited / Expired124.53 
Outstanding at May 5, 2024510 $92.44 
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]
RSU activity for the thirteen weeks ended May 5, 2024 was as follows:
(In thousands, except per RSU data)RSUsWeighted Average Grant Date Fair Value Per RSU
Non-vested at February 4, 20241,175 $80.79 
  Granted472 109.75 
  Vested314 81.90 
  Forfeited41 82.94 
Non-vested at May 5, 20241,292 $91.02 
Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block]
The following summarizes the assumptions used to estimate the fair value of PSUs subject to market conditions that were granted during the thirteen weeks ended May 5, 2024 and the resulting weighted average grant date fair value:
5/5/24
Weighted average risk-free interest rate4.71 %
Weighted average Company volatility48.28 %
Expected annual dividends per share$0.15 
Weighted average grant date fair value per PSU$138.12 
For certain of the awards granted, the after-tax portion of the award is subject to a holding period of one year after the vesting date. For these awards, the grant date fair value was discounted 4.40% for the restriction of liquidity, which was calculated using the Finnerty model.
Schedule of Nonvested Performance-based Units Activity [Table Text Block]
Total PSU activity for the thirteen weeks ended May 5, 2024 was as follows:
(In thousands, except per PSU data)PSUsWeighted Average Grant Date Fair Value Per PSU
Non-vested at February 4, 2024236 $102.29 
  Granted127 122.76 
  Reduction due to market conditions achieved below target157.70 
  Vested55 124.12 
  Forfeited— — 
Non-vested at May 5, 2024307 $106.68