Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation Plans (Tables)

v2.4.0.8
Share-Based Compensation Plans (Tables)
9 Months Ended
Nov. 01, 2014
Share-Based Compensation Plans  
Summary of activity of time-based and performance-based awards

 

 

 

Units

 

Weighted-Average
Grant-Date Fair Value

 

 

 

Time-
Based

 

Performance-Based(2)

 

Time-
Based

 

Performance- Based

 

Non-Vested at February 1, 2014

 

573,042

 

82,558

 

$

32.95

 

$

33.09

 

Granted

 

258,940

 

91,440

 

47.79

 

53.31

 

Vested (1) 

 

(417,159

)

(1,134

)

32.74

 

33.09

 

Forfeited

 

(23,185

)

 

37.70

 

 

Non-Vested at November 1, 2014

 

391,638

 

172,864

 

$

42.70

 

$

43.79

 

 

(1)

Includes 141,594 shares relinquished for tax payments related to vested deferred stock units for the nine months ended November 1, 2014.

(2)

Includes 18,789 and 72,651 of units granted in April 2014 and September 2014, respectively, which are further described below.

 

Summary of restricted stock activity

 

 

 

Shares

 

Weighted-
Average
Grant-Date
Fair Value

 

Non-Vested at February 1, 2014

 

80,919

 

$

31.36

 

Granted

 

26,084

 

49.81

 

Vested

 

(40,125

)

35.19

 

Forfeited

 

 

 

Non-Vested at November 1, 2014

 

66,878

 

$

37.00

 

 

Summary of stock option activity

 

 

 

Shares

 

Weighted-
Average
Exercise
Price

 

Outstanding at February 1, 2014

 

645,990

 

$

28.80

 

Granted

 

253,836

 

49.16

 

Exercised

 

(170,340

)

26.19

 

Forfeited

 

(60,000

)

17.18

 

Expired

 

 

 

Outstanding at November 1, 2014

 

669,486

 

$

38.23

 

Exercisable at November 1, 2014

 

264,222

 

$

31.31

 

 

Weighted-average assumptions used to calculate fair value of stock options

 

 

 

For the Nine
Months Ended

 

 

 

November 1,
2014

 

 

 

 

 

Risk-free interest rate

 

1.79% 

 

Expected lives

 

5.0 years

 

Dividend yield

 

1.59% 

 

Expected volatility

 

42.79%