Annual report pursuant to Section 13 and 15(d)

EQUITY AND SHARE-BASED COMPENSATION PLANS (Tables)

v3.8.0.1
EQUITY AND SHARE-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Feb. 03, 2018
Summary of DSU activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

Units

 

Grant-Date Fair Value

 

 

 

Time-

 

Performance-

 

Time-

 

Performance-

 

 

    

Based

    

Based

    

Based

    

Based

 

Non-Vested at January 28, 2017

 

1,061,965

 

523,948

 

$

24.31

 

$

28.28

 

Granted

 

472,708

 

542,528

 

 

11.48

 

 

11.45

 

Vested(1)

 

(456,758)

 

 —

 

 

25.38

 

 

 —

 

Forfeited

 

(63,226)

 

(72,845)

 

 

19.70

 

 

22.01

 

Non-Vested at February 3, 2018

 

1,014,689

 

993,631

 

$

18.13

 

$

19.55

 


(1)

Includes 126,064 shares relinquished for tax payments related to vested DSUs in fiscal 2017.

Summary of additional information about DSUs

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

    

2017

    

2016

    

2015

 

DSUs issued

 

 

1,015,236

 

 

1,315,140

 

 

397,811

 

Weighted average grant date fair value

 

$

11.47

 

$

18.61

 

$

53.03

 

 

Summary of restricted stock activity

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

    

Shares

    

Grant-Date

Fair Value

 

Non-Vested at January 28, 2017

 

36,878

 

$

15.56

 

Granted

 

 —

 

 

 —

 

Vested

 

(36,878)

 

 

15.56

 

Forfeited

 

 —

 

 

 —

 

Non-Vested at February 3, 2018

 

 —

 

$

 —

 

 

Summary of additional information about restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

    

2017

    

2016

    

2015

 

Stock issued

 

 

 —

    

 

18,646

    

 

33,157

 

Weighted average grant date fair value

 

$

 —

 

$

17.37

 

$

27.93

 

Fair value of shares vested (in millions)

 

$

0.6

 

$

0.7

 

$

2.0

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

Intrinsic

 

 

 

Number of

 

Average

 

Contractual

 

Value

 

 

    

Shares

    

Exercise Price

 

Term

    

(in thousands)

 

Outstanding at January 28, 2017

 

1,194,690

 

$

29.70

 

 

 

 

 

 

Granted

 

630,083

 

 

11.54

 

 

 

 

 

 

Exercised

 

(5,790)

 

 

17.43

 

 

 

 

 

 

Forfeited

 

(87,833)

 

 

15.78

 

 

 

 

 

 

Expired

 

(203,974)

 

 

37.88

 

 

 

 

 

 

Outstanding at February 3, 2018

 

1,527,176

 

$

21.97

 

7.4

Years  

$

9,369

 

Vested and expected to vest at February 3, 2018

 

1,500,002

 

$

22.14

 

7.4

Years  

$

9,079

 

Exercisable at February 3, 2018

 

576,616

 

$

32.28

 

5.1

Years  

$

939

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2017

    

2016

    

2015

 

Risk-free interest rates

 

1.75%

 

1.22%

 

1.51%

 

Expected lives

 

5.0 years

 

5.0 years

 

5.0 years

 

Dividend yield

 

4.69%

 

4.13%

 

1.38%

 

Expected volatility

 

55.12%

 

47.95%

 

39.74%

 

 

Cash Settled Awards  
Summary of restricted stock activity

The following table summarizes the activity of cash settled awards during fiscal 2017 (in thousands):

 

 

 

 

 

 

Cash Settled Awards

Non-Vested at January 28, 2017

 

$

 —

Granted

 

 

8,502

Vested

 

 

 —

Forfeited

 

 

 (149)

Non-Vested at February 3, 2018

 

$

8,353