Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation Plans (Tables)

v3.19.3.a.u2
Share-Based Compensation Plans (Tables)
9 Months Ended
Nov. 02, 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

 

162,162

5.55

Vested(1)

 

(455,288)

(28,686)

21.88

17.43

Forfeited

 

(113,937)

(44,459)

22.78

18.44

Non-Vested at November 2, 2019

 

532,023

 

263,761

$

17.97

$

18.74

(1) Includes 150,785 shares relinquished for tax payments related to vested DSUs for the nine months ended November 2, 2019.
Stock Options  
Summary of activity

Weighted-

Number of

Average

    

Shares

    

Exercise Price

 

Outstanding at February 2, 2019

 

1,252,072

$

23.64

Granted

 

3,188,732

 

7.49

Exercised

 

 

Forfeited

 

(209,921)

10.52

Expired

 

(56,584)

25.72

Outstanding at November 2, 2019

 

4,174,299

$

11.94

 

Exercisable at November 2, 2019

 

916,464

$

24.89

 

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 November 2, 2019

 

414,476

$

7.62

 

Exercisable at November 2, 2019

 

$

 

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

For the Nine Months Ended

November 2,

    

2019

 

Risk-free interest rate

2.36%

Expected lives

 

5.0 years

Dividend yield(1)

 

4.17%

Expected volatility

 

62.53%

(1) Awards granted after announcement of the suspension of our dividend assume a dividend yield of 0%.

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 nine months ended November 2, 2019 (in thousands):

 

Cash Settled Awards

Non-Vested at February 2, 2019

 

$

5,072

Granted

 

4,382

Vested

 

(2,401)

Forfeited

 

(683)

Non-Vested at November 2, 2019

 

$

6,370