v3.26.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Feb. 01, 2026
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]
RSU activity for the year was as follows:
(In thousands, except per RSU data)RSUsWeighted Average
Grant Date
Fair Value Per RSU
Non-vested at February 2, 20251,069 $93.45 
Granted876 69.30 
Vested425 90.98 
Forfeited244 83.89 
Non-vested at February 1, 20261,276 $79.52 
Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block]
The following summarizes the assumptions used to estimate the fair value of PSUs subject to market conditions that were granted during 2025, 2024 and 2023 and the resulting weighted average grant date fair value:
202520242023
Weighted average risk-free interest rate3.81 %4.71 %3.56 %
Weighted average Company volatility47.02 %48.28 %58.21 %
Expected annual dividends per share$0.15 $0.15 $0.15 
Weighted average grant date fair value per PSU$102.81 $138.12 $120.42 
    
The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for the term corresponding to the three-year performance period. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the three-year performance period. Expected dividends are based on the anticipated common stock cash dividend rate for the Company at the time of grant.
For certain of the awards granted, the after-tax portion of the award is subject to a holding period of one year after the vesting date. For these awards, the grant date fair value was discounted 4.50%, 4.40% and 7.40% in 2025, 2024 and 2023, respectively, for the restriction of liquidity, which was calculated using the Finnerty model.
Schedule of Nonvested Performance-based Units Activity [Table Text Block]
Total PSU activity for the year was as follows:
(In thousands, except per PSU data)PSUsWeighted Average
Grant Date
Fair Value Per PSU
Non-vested at February 2, 2025266 $110.64 
Granted192 85.12 
   Increase due to market conditions achieved above target102.88 
Vested42 102.88 
Forfeited91 102.97 
Non-vested at February 1, 2026334 $98.86