Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.19.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Feb. 02, 2019
Schedule of assumptions used to estimate the fair value of options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

    

2018

    

2017

    

2016

    

Risk-free interest rates (1)

 

 

2.5

%

 

1.7

%

 

1.1

%

Expected dividend yield

 

 

0.0

%

 

0.0

%

 

0.0

%

Expected volatility (2)

 

 

32.8

%

 

29.9

%

 

29.8

%

Expected life of options in years (3)

 

 

4.1

 

 

4.1

 

 

4.1

 


(1)

Based on interest rates for U.S. Treasury instruments with terms consistent with the expected lives of the awards.

(2)

We considered our historical and implied volatility as well as the implied volatilities for exchange-traded options of a peer group of companies.

(3)

Expected lives were based on an analysis of historical exercise and post-vesting employment termination.

Schedule of summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-

    

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

Remaining

 

Aggregate

 

 

Number of

 

Weighted-

 

Contractual

 

Intrinsic

 

 

Shares

 

Average Exercise

 

Term

 

Value

 

 

(in thousands)

 

Price

 

(in years)

 

(in thousands)

Outstanding at beginning of year

 

7,976

 

$

19.81

 

 

 

 

 

Granted

 

2,088

 

 

19.38

 

 

 

 

 

Exercised

 

(369)

 

 

10.81

 

 

 

 

 

Expired/Forfeited

 

(1,151)

 

 

22.50

 

 

 

 

 

Outstanding at end of year

 

8,544

 

$

19.73

 

6.6

 

$

490

 

 

 

 

 

 

 

 

 

 

 

Shares exercisable at end of year

 

4,588

 

$

18.41

 

4.9

 

$

490

 

Restricted stock units  
Schedule of restricted share activity

 

    

Number of Shares
(in thousands)

    

Weighted-Average Fair Value

Outstanding at beginning of year

 

1,460

 

$

22.81

Granted (1)

 

2,663

 

 

18.49

Vested

 

(407)

 

 

22.87

Forfeited

 

(418)

 

 

21.14

Outstanding at end of year

 

3,298

 

$

19.53

 


(1)

Includes 1.1 million awards granted with vesting subject to performance conditions, with a weighted average fair value of $17.38 per share.

 

Restricted Shares  
Schedule of restricted share activity

 

 

 

 

 

 

 

    

Number of Shares
(in thousands)

    

Weighted-Average Fair Value

Outstanding at beginning of year

 

521

 

$

22.84

Vested

 

(289)

 

 

21.41

Forfeited

 

(60)

 

 

24.37

Outstanding at end of year

 

172

 

$

24.60