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Stock-Based Compensation
9 Months Ended
Oct. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation
For the thirty-nine weeks ended October 29, 2016 and October 31, 2015, stock-based compensation expense was $15.5 million and $20.7 million, respectively. As of October 29, 2016, approximately 5.8 million shares remain available for future grants of equity awards under our 2012 Omnibus Stock and Incentive Plan.
Restricted Stock Awards
Restricted stock award activity for the thirty-nine weeks ended October 29, 2016 was as follows:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period
2,585,392

 
$
16.60

Granted
1,719,380

 
12.35

Vested
(1,062,433
)
 
17.06

Forfeited
(776,587
)
 
15.20

Unvested, end of period
2,465,752

 
13.88


Performance-based Stock Units
For the thirty-nine weeks ended October 29, 2016, we granted performance-based restricted stock units (“PSUs”), contingent upon the achievement of a Company-specific performance goal during fiscal 2016. Any units earned as a result of the achievement of this goal will vest over 3 years from the date of grant and will be settled in shares of our common stock.
Performance-based restricted stock unit activity for the thirty-nine weeks ended October 29, 2016 was as follows:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period
469,898

 
$
18.23

Granted
733,360

 
12.55

Vested
(228,105
)
 
18.23

Forfeited (1)
(329,891
)
 
15.29

Unvested, end of period
645,262

 
13.28


(1) The performance goal for the PSUs granted in 2015 was not fully met. Forfeitures for the thirty-nine weeks ended October 29, 2016 include the portion of the fiscal 2015 PSUs that were not earned.
 Stock Option Awards
For the thirty-nine weeks ended October 29, 2016 and October 31, 2015, we did not grant any stock options.
Stock option activity for the thirty-nine weeks ended October 29, 2016 was as follows:
 
Number of
Shares
 
Weighted
 Average
Exercise Price
Outstanding, beginning of period
1,060,774

 
$
15.17

Granted

 

Exercised
(46,810
)
 
6.51

Forfeited or expired
(202,783
)
 
23.98

Outstanding and exercisable at October 29, 2016
811,181

 
13.47