Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation Plans (Tables)

v3.19.2
Share-Based Compensation Plans (Tables)
3 Months Ended
May 04, 2019
Summary of time-based and performance-based awards activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

Units

 

Grant-Date Fair Value

 

 

 

Time-

 

Performance-

 

Time-

 

Performance-

 

 

    

Based

    

Based

    

Based

    

Based

 

Non-Vested at February 2, 2019

 

939,086

 

336,906

 

$

22.60

 

$

18.59

 

Granted

 

 —

 

 —

 

 

 —

 

 

 —

 

Vested(1)

 

(326,826)

 

(28,686)

 

 

22.43

 

 

17.43

 

Forfeited

 

(55,406)

 

(23,755)

 

 

22.88

 

 

18.94

 

Non-Vested at May 4, 2019

 

556,854

 

284,465

 

$

22.77

 

$

18.68

 


(1)

Includes 121,995 shares relinquished for tax payments related to vested DSUs for the three months ended May 4, 2019.

Stock Options  
Summary of activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

Number of

 

Average

 

 

    

Shares

    

Exercise Price

 

Outstanding at February 2, 2019

 

1,252,072

 

$

23.64

 

Granted

 

3,042,310

 

 

7.62

 

Exercised

 

 —

 

 

 —

 

Forfeited

 

(30,286)

 

 

17.47

 

Expired

 

(32,271)

 

 

33.79

 

Outstanding at May 4, 2019

 

4,231,825

 

$

12.09

 

Exercisable at May 4, 2019

 

818,982

 

$

26.46

 

 

Stock Appreciation Rights ("SARs")  
Summary of activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

Number of

 

Average

 

 

    

Shares

    

Exercise Price

 

Outstanding at February 2, 2019

 

 —

 

$

 —

 

Granted

 

414,476

 

 

7.62

 

Exercised

 

 —

 

 

 —

 

Forfeited

 

 —

 

 

 —

 

Expired

 

 —

 

 

 —

 

Outstanding at May 4, 2019

 

414,476

 

$

7.62

 

Exercisable at May 4, 2019

 

 —

 

$

 —

 

 

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

 

 

 

 

 

 

For the Three Months Ended

 

 

 

May 4,

 

 

    

2019

 

Risk-free interest rate

 

2.39%

 

Expected lives

 

5.0 years

 

Dividend yield

 

4.34%

 

Expected volatility

 

62.32%

 

 

Cash Settled Awards  
Summary of share-based compensation of cash settled awards

The following table summarizes the activity of cash settled awards, based on their initial grant date values, for the three months ended May 4, 2019 (in thousands):

 

 

 

 

 

 

 

Cash Settled Awards

Non-Vested at February 2, 2019

 

$

5,072

Granted

 

 

4,237

Vested

 

 

 —

Forfeited

 

 

(199)

Non-Vested at May 4, 2019

 

$

9,110