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Pay vs Performance Disclosure
$ / shares in Units, pure in Millions
2 Months Ended 10 Months Ended 12 Months Ended
Jan. 28, 2023
$ / shares
Dec. 01, 2022
Jan. 28, 2023
USD ($)
$ / shares
Jan. 29, 2022
USD ($)
$ / shares
Jan. 30, 2021
USD ($)
$ / shares
Feb. 01, 2020
$ / shares
Pay vs Performance Disclosure [Table]            
Pay vs Performance [Table Text Block]    
Pay versus performance
The following table sets forth additional compensation information of our Principal Executive Officer (PEO) and our non-PEO NEOs along with
total shareholder return, net income, and net sales performance results for our fiscal 2022, 2021, and 2020:
Average
Summary
Compensation
Table Total for
Non-PEO
Named
Executive
Officers
($)
Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers
(2)(3)
($)
Value of Initial
Fixed $100 Investment
Based on:
Year(1)
Summary
Compensation
Table Total for
First PEO
($)
Summary
Compensation
Table Total for
Second PEO
($)
Compensation
Actually Paid to
First PEO
(2)(3)
($)
Compensation
Actually Paid to
Second PEO
(2)(3)
($)
Total
Shareholder
Return
(4)
($)
Peer Group
Total
Shareholder
Return
(5)
($)
Net
Income
(Loss)
(6)
($)
Net
Sales
(6)(7)
($)
2022 9,034,094 4,427,865 (57,026,989)(8) 4,710,588(8) 3,420,060 (3,655,769)(8) 82.19 123.99 (19) 17,161
2021 12,924,834 34,227,502(9) 4,016,239 8,475,219(9) 148.59 149.72 938 18,471
2020 12,855,375 31,770,487(10) 3,836,246 7,644,846(10) 106.88 141.39 (163) 15,031
(1)
NEOs included in the above compensation columns reflect the following:
Year
First PEO
Second PEO
Non-PEOs
2022 Ms. Gass Mr. Kingsbury Ms. Timm, Mr. Chini, Ms. Mc Feeney, Ms. Raymond, Mr. Gaffney, Mr. Revelle
2021 Ms. Gass N/A Ms. Timm, Mr. Howe, Mr. Revelle, Mr. Gaffney
2020 Ms. Gass N/A Ms. Timm, Mr. Howe, Mr. Revelle, Mr. Kelroy
(2)
Fair value or change in fair value, as applicable, of equity awards in the “Actually Paid” columns was determined by reference to (1) for restricted stock awards and units and restricted unit awards, closing price on applicable year-end date(s) or, in the case of vesting dates, the actual vesting price, (2) for performance-based restricted units the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s) multiplied times the probability of achievement as of each such date.
(3)
For the portion of “Actually Paid” compensation that is based on year-end stock prices, the following prices were used: 2022: $31.49, 2021: $60.16, 2020: $44.06, 2019: $42.75.
(4)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the applicable measurement period (assuming dividend reinvestment) and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. Cumulative TSR for each fiscal year assumes an investment of $100 at the beginning of the applicable measurement period.
(5)
Peer group TSR reflects the Company’s 2022 peer group which is the S&P 500 Retailing Index as reflected in our 2022 Annual Report on Form the 10—(k) pursuant to Item 201(e) of Regulation S-K. The chart assumes an investment of $100 on February 1, 2020 and reinvestment of dividends. The calculations exclude trading commissions and taxes.
(6)
Dollars in Millions
(7)
Net Sales is the financial measure that the Company believes to be the most important measure (that is not otherwise required to be disclosed in the table) it used in the most recent fiscal year to determine compensation.
(8)
2022 compensation “Actually Paid” to first PEO, second PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2022 Compensation “Actually Paid”
First PEO
($)
Second PEO
($)
Average
Non-PEOs
($)
Total Reported in 2022 Summary Compensation Table (SCT) 9,034,094 4,427,865 3,420,060
Less, Grant Date Fair Value of Stock Awards Reported in SCT (7,549,993) (3,920,000) (1,891,344)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested and Outstanding 4,226,216 972,774
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested
(2,905,529)
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
67,135
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards That Vested This Year 143,079 (23,493) (716,741)
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest
This Year
(58,654,169) (2,602,124)
Total Adjustments
(66,061,083)
282,723
(7,075,829)
Actual Compensation Actually Paid for Fiscal Year 2022
(57,026,989)
4,710,588
(3,655,769)
(9)
2021 compensation “Actually Paid” to PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2021 Compensation “Actually Paid”
First PEO
($)
Average
Non-PEOs
($)
Total Reported in 2021 Summary Compensation Table (SCT) 12,924,834 4,016,239
Less, Grant Date Fair Value of Stock Awards Reported in SCT (7,250,011) (1,375,046)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested
and Outstanding
14,444,589 2,739,579
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested 12,179,438 2,675,545
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards
That Vested This Year
1,928,652 418,902
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year
Total Adjustments
21,302,668
4,458,980
Actual Compensation Actually Paid for Fiscal Year 2021
34,227,502
8,475,219
(10)
2020 compensation “Actually Paid” to PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2020 Compensation “Actually Paid”
First PEO
($)
Average
Non-PEOs
($)
Total Reported in 2020 Summary Compensation Table (SCT)
12,855,375
3,836,246
Less, Grant Date Fair Value of Stock Awards Reported in SCT (8,853,685) (1,962,007)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested
and Outstanding
35,993,323 7,091,195
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested (6,205,629) (782,823)
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards
That Vested This Year
(2,018,897) (537,765)
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year
Total Adjustments
18,915,112
3,808,600
Actual Compensation Actually Paid for Fiscal Year 2020
31,770,487
7,644,846
     
Company Selected Measure Name     Net Sales      
Named Executive Officers, Footnote [Text Block]    
(1)
NEOs included in the above compensation columns reflect the following:
Year
First PEO
Second PEO
Non-PEOs
2022 Ms. Gass Mr. Kingsbury Ms. Timm, Mr. Chini, Ms. Mc Feeney, Ms. Raymond, Mr. Gaffney, Mr. Revelle
2021 Ms. Gass N/A Ms. Timm, Mr. Howe, Mr. Revelle, Mr. Gaffney
2020 Ms. Gass N/A Ms. Timm, Mr. Howe, Mr. Revelle, Mr. Kelroy
     
Peer Group Issuers, Footnote [Text Block]    
(5)
Peer group TSR reflects the Company’s 2022 peer group which is the S&P 500 Retailing Index as reflected in our 2022 Annual Report on Form the 10—(k) pursuant to Item 201(e) of Regulation S-K. The chart assumes an investment of $100 on February 1, 2020 and reinvestment of dividends. The calculations exclude trading commissions and taxes.
     
Adjustment To PEO Compensation, Footnote [Text Block]    
(8)
2022 compensation “Actually Paid” to first PEO, second PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2022 Compensation “Actually Paid”
First PEO
($)
Second PEO
($)
Average
Non-PEOs
($)
Total Reported in 2022 Summary Compensation Table (SCT) 9,034,094 4,427,865 3,420,060
Less, Grant Date Fair Value of Stock Awards Reported in SCT (7,549,993) (3,920,000) (1,891,344)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested and Outstanding 4,226,216 972,774
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested
(2,905,529)
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
67,135
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards That Vested This Year 143,079 (23,493) (716,741)
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest
This Year
(58,654,169) (2,602,124)
Total Adjustments
(66,061,083)
282,723
(7,075,829)
Actual Compensation Actually Paid for Fiscal Year 2022
(57,026,989)
4,710,588
(3,655,769)
(9)
2021 compensation “Actually Paid” to PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2021 Compensation “Actually Paid”
First PEO
($)
Average
Non-PEOs
($)
Total Reported in 2021 Summary Compensation Table (SCT) 12,924,834 4,016,239
Less, Grant Date Fair Value of Stock Awards Reported in SCT (7,250,011) (1,375,046)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested
and Outstanding
14,444,589 2,739,579
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested 12,179,438 2,675,545
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards
That Vested This Year
1,928,652 418,902
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year
Total Adjustments
21,302,668
4,458,980
Actual Compensation Actually Paid for Fiscal Year 2021
34,227,502
8,475,219
(10)
2020 compensation “Actually Paid” to PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2020 Compensation “Actually Paid”
First PEO
($)
Average
Non-PEOs
($)
Total Reported in 2020 Summary Compensation Table (SCT)
12,855,375
3,836,246
Less, Grant Date Fair Value of Stock Awards Reported in SCT (8,853,685) (1,962,007)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested
and Outstanding
35,993,323 7,091,195
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested (6,205,629) (782,823)
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards
That Vested This Year
(2,018,897) (537,765)
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year
Total Adjustments
18,915,112
3,808,600
Actual Compensation Actually Paid for Fiscal Year 2020
31,770,487
7,644,846
     
Non-PEO NEO Average Total Compensation Amount     $ 3,420,060 $ 4,016,239 $ 3,836,246  
Non-PEO NEO Average Compensation Actually Paid Amount     $ (3,655,769) 8,475,219 7,644,846  
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]    
(8)
2022 compensation “Actually Paid” to first PEO, second PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2022 Compensation “Actually Paid”
First PEO
($)
Second PEO
($)
Average
Non-PEOs
($)
Total Reported in 2022 Summary Compensation Table (SCT) 9,034,094 4,427,865 3,420,060
Less, Grant Date Fair Value of Stock Awards Reported in SCT (7,549,993) (3,920,000) (1,891,344)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested and Outstanding 4,226,216 972,774
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested
(2,905,529)
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
67,135
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards That Vested This Year 143,079 (23,493) (716,741)
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest
This Year
(58,654,169) (2,602,124)
Total Adjustments
(66,061,083)
282,723
(7,075,829)
Actual Compensation Actually Paid for Fiscal Year 2022
(57,026,989)
4,710,588
(3,655,769)
(9)
2021 compensation “Actually Paid” to PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2021 Compensation “Actually Paid”
First PEO
($)
Average
Non-PEOs
($)
Total Reported in 2021 Summary Compensation Table (SCT) 12,924,834 4,016,239
Less, Grant Date Fair Value of Stock Awards Reported in SCT (7,250,011) (1,375,046)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested
and Outstanding
14,444,589 2,739,579
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested 12,179,438 2,675,545
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards
That Vested This Year
1,928,652 418,902
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year
Total Adjustments
21,302,668
4,458,980
Actual Compensation Actually Paid for Fiscal Year 2021
34,227,502
8,475,219
(10)
2020 compensation “Actually Paid” to PEO and the average Actually Paid to non-PEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:
Adjustments to Determine 2020 Compensation “Actually Paid”
First PEO
($)
Average
Non-PEOs
($)
Total Reported in 2020 Summary Compensation Table (SCT)
12,855,375
3,836,246
Less, Grant Date Fair Value of Stock Awards Reported in SCT (8,853,685) (1,962,007)
Plus, Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested
and Outstanding
35,993,323 7,091,195
Plus, Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested (6,205,629) (782,823)
Plus, Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year
Plus, Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards
That Vested This Year
(2,018,897) (537,765)
Less, Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year
Total Adjustments
18,915,112
3,808,600
Actual Compensation Actually Paid for Fiscal Year 2020
31,770,487
7,644,846
     
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    
[MISSING IMAGE: lc_totalshareholder-pn.jpg]
     
Compensation Actually Paid vs. Net Income [Text Block]    
[MISSING IMAGE: lc_netincome-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure [Text Block]    
[MISSING IMAGE: lc_netsales-pn.jpg]
     
Tabular List [Table Text Block]    
The following unranked performance measures reflect the Company’s most important performance measures in effect for 2022, as further described and defined in the Compensation Discussion and Analysis.
MOST IMPORTANT PERFORMANCE MEASURES FOR 2022
               

Net Income

Net Sales

Operating Margin

Operating Cash Flow
     
Total Shareholder Return Amount     $ 82.19 148.59 106.88  
Peer Group Total Shareholder Return Amount     123.99 149.72 141.39  
Net Income (Loss)     $ (19,000,000) $ 938,000,000 $ (163,000,000)  
Company Selected Measure Amount     17,161 18,471 15,031  
PEO Name Mr. Kingsbury Ms. Gass        
Share Price | $ / shares $ 31.49   $ 31.49 $ 60.16 $ 44.06 $ 42.75
Measure [Axis]: 1            
Pay vs Performance Disclosure [Table]            
Measure Name     Net Income      
Measure [Axis]: 2            
Pay vs Performance Disclosure [Table]            
Measure Name     Net Sales      
Non-GAAP Measure Description [Text Block]    
(7)
Net Sales is the financial measure that the Company believes to be the most important measure (that is not otherwise required to be disclosed in the table) it used in the most recent fiscal year to determine compensation.
     
Measure [Axis]: 3            
Pay vs Performance Disclosure [Table]            
Measure Name     Operating Margin      
Measure [Axis]: 4            
Pay vs Performance Disclosure [Table]            
Measure Name     Operating Cash Flow      
Ms. Gass [Member]            
Pay vs Performance Disclosure [Table]            
PEO Total Compensation Amount     $ 9,034,094 $ 12,924,834 $ 12,855,375  
PEO Actually Paid Compensation Amount     (57,026,989) 34,227,502 31,770,487  
Adjustment to Compensation Amount     (66,061,083) 21,302,668 18,915,112  
Ms. Gass [Member] | Deduct: Grant Date Fair Value of Stock Awards Reported in SCT [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (7,549,993) (7,250,011) (8,853,685)  
Ms. Gass [Member] | Add: Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested and Outstanding [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount       14,444,589 35,993,323  
Ms. Gass [Member] | Add: Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount       12,179,438 (6,205,629)  
Ms. Gass [Member] | Add: Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards That Vested This Year [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     143,079 1,928,652 (2,018,897)  
Ms. Gass [Member] | Deduct: Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (58,654,169)      
Mr. Kingsbury [Member]            
Pay vs Performance Disclosure [Table]            
PEO Total Compensation Amount     4,427,865      
PEO Actually Paid Compensation Amount     4,710,588      
Adjustment to Compensation Amount     282,723      
Mr. Kingsbury [Member] | Deduct: Grant Date Fair Value of Stock Awards Reported in SCT [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (3,920,000)      
Mr. Kingsbury [Member] | Add: Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested and Outstanding [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     4,226,216      
Mr. Kingsbury [Member] | Add: Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards That Vested This Year [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (23,493)      
Non-PEO NEO [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (7,075,829) 4,458,980 3,808,600  
Non-PEO NEO [Member] | Deduct: Grant Date Fair Value of Stock Awards Reported in SCT [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (1,891,344) (1,375,046) (1,962,007)  
Non-PEO NEO [Member] | Add: Year-End Fair Value of Awards Granted in Fiscal Year That Are Unvested and Outstanding [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     972,774 2,739,579 7,091,195  
Non-PEO NEO [Member] | Add: Change in Fair Value as of the end of this year (from the Prior Year-End) of Prior Year Awards That Are Outstanding and Unvested [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (2,905,529) 2,675,545 (782,823)  
Non-PEO NEO [Member] | Add: Fair Value as of Vesting Date of Awards Granted This Year and That Vested This Year [Member            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     67,135      
Non-PEO NEO [Member] | Add: Change in Fair Value as of Vesting Date (from Prior Year-End) of Prior Year Awards That Vested This Year [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     (716,741) $ 418,902 $ (537,765)  
Non-PEO NEO [Member] | Deduct: Prior Year-End Fair Value of Prior Year Awards That Failed to Vest This Year [Member]            
Pay vs Performance Disclosure [Table]            
Adjustment to Compensation Amount     $ (2,602,124)