Stock-Based Compensation (Tables)

12 Months Ended

Jan. 30, 2016

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

Performance Share Activity

The following table summarizes performance share unit activity by year of grant:

	2015	2014	2013
Units outstanding (at Target)	160,000	14,000	170,000
Weighted average Monte-Carlo valuation at grant date	$78.82	$62.39	$57.37
Performance period	2015-2017	2014-2016	2014-2016

Fair value of option awards

he fair value of each option award was estimated using a Black-Scholes option valuation model. The weighted average fair value of options granted in 2014 was $12.23 and in 2013 was $10.68.

Summary of stock option activity

The following table summarizes our stock option activity:

	2015				2014				2013
	Shares		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
	(Shares in Thousands)
Balance at beginning of year	6,211		$	52.95	11,375		$	56.05	15,212		$	53.96
Granted	—		—		186		54.69		575		47.86
Exercised	(2,815	)	52.79		(2,647	)	46.87		(2,494	)	41.02
Forfeited/expired	(320	)	57.36		(2,703	)	72.21		(1,918	)	56.59
Balance at end of year	3,076		$	52.65	6,211		$	52.95	11,375		$	56.05

Stock options outstanding and exercisable by exercise price range

Additional information related to stock options outstanding and exercisable at January 30, 2016, segregated by exercise price range, is summarized below:    

	Stock Options Outstanding					Stock Options Exercisable
Range of Exercise Prices	Shares		Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price		Shares		Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price
	(Shares in Thousands)
$ 36.13 – $ 46.00	272		1.7	$	42.75	219		1.2	$	42.30
$ 46.01 – $ 49.00	759		3.4	47.76		385		3.6	47.84
$ 49.01 – $ 51.00	439		2.6	50.07		339		2.3	50.08
$ 51.01 – $ 55.00	749		2.8	52.73		447		2.3	52.87
$ 55.01 – $ 65.00	525		2.0	57.32		454		1.6	57.46
$ 65.01 – $ 77.62	332		1.0	67.75		332		1.0	67.75
	3,076		2.5	$	52.65	2,176		2.1	$	53.71
Intrinsic value (in thousands)	$	3,450				$	2,393

Summary of nonvested atock activity

The following table summarizes nonvested stock activity, including restricted stock equivalents issued in lieu of cash dividends:

	2015				2014				2013
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
	(Shares in Thousands)
Balance at beginning of year	2,431		$	52.29	2,653		$	50.56	2,323		$	50.47
Granted	955		65.02		910		56.13		1,189		49.22
Vested	(957	)	52.61		(818	)	50.69		(706	)	48.00
Forfeited	(218	)	55.16		(314	)	51.47		(153	)	50.48
Balance at end of year	2,211		$	57.37	2,431		$	52.29	2,653		$	50.56