v3.26.1
Share-Based Compensation (Tables)
3 Months Ended
May 02, 2026
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
The following table provides share-based compensation expense and the related income tax impacts for the thirteen weeks ended May 2, 2026 and May 3, 2025:
Thirteen Weeks Ended
(in thousands)May 2, 2026May 3, 2025
Share-based compensation expense$12,075 $10,591 
Income tax benefits associated with share-based compensation expense recognized
1,661 1,398 
Share-based Payment Arrangement, Discrete Tax Benefit (Charge) [Table Text Block]
The following table provides discrete income tax benefits and charges related to share-based compensation awards during the thirteen weeks ended May 2, 2026 and May 3, 2025:
Thirteen Weeks Ended
(in thousands)May 2, 2026May 3, 2025
Income tax discrete benefits realized for tax deductions related to the issuance of shares
$3,559 $4,591 
Employee tax withheld by company for share-based compensation
The following table provides the amount of employee tax withheld by the Company upon the issuance of shares associated with restricted stock units vesting for the thirteen weeks ended May 2, 2026 and May 3, 2025:

Thirteen Weeks Ended
(in thousands)May 2, 2026May 3, 2025
Employee tax withheld upon issuance of shares (1)
$38,433 $34,062 
(1)    Classified within financing activities on the Condensed Consolidated Statements of Cash Flows.
Schedule of Restricted Stock Unit Activity
The following table provides the summarized activity for restricted stock units for the thirteen weeks ended May 2, 2026:
Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Number of 
Underlying
Shares
Weighted-
Average Grant
Date Fair Value
Number of 
Underlying
Shares
Weighted-
Average Grant
Date Fair Value
Number of 
Underlying
Shares
Weighted-
Average Grant
Date Fair Value
Unvested at January 31, 2026975,804 $66.81 342,566 $56.31 171,304 $74.95 
Granted357,454 86.47 100,324 86.42 50,168 109.30 
Adjustments for performance achievement
— — 196,438 28.36 98,224 41.20 
Vested(426,946)54.00 (392,876)28.36 (196,448)41.20 
Forfeited(13,109)71.80 — — — — 
Unvested at May 2, 2026 (1)
893,203 $80.72 246,452 $90.85 123,248 $115.83 
(1)    Unvested shares related to restricted stock units with performance-based and market-based vesting conditions are reflected at 100% of their target vesting amount in the table above. Unvested shares related to restricted stock units with performance-based and market-based vesting conditions can be achieved from zero up to 200% of their target vesting amount.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table provides the unrecognized compensation cost and the remaining weighted-average period over which these costs are expected to be recognized for restricted stock units as of May 2, 2026:
Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Unrecognized compensation cost (in thousands)
$66,451 $15,569 $9,337 
Remaining weighted-average period cost is expected to be recognized (years)
1.41.21.2
Market-based restricted stock units [Member]  
Schedule of Weighted-Average Estimated Fair Value and Assumptions of Restricted Stock Units with Market Vesting Conditions additional information pertaining to restricted stock units for the thirteen weeks ended May 2, 2026 and May 3, 2025:
Thirteen Weeks Ended
(in thousands)May 2, 2026May 3, 2025
Service-based restricted stock units:
Total grant date fair value of awards granted$30,909 $31,388 
Total grant date fair value of awards vested23,055 20,341 
Performance-based restricted stock units:
Total grant date fair value of awards granted8,670 7,500 
Total grant date fair value of awards vested11,142 9,845 
Market-based restricted stock units:
Total grant date fair value of awards granted5,483 4,093 
Total grant date fair value of awards vested8,094 7,214 
The following table provides the weighted-average assumptions used for market-based restricted stock units in the Monte Carlo simulation during the thirteen weeks ended May 2, 2026 and May 3, 2025:
Thirteen Weeks Ended
May 2, 2026May 3, 2025
Grant date market price$86.42 $78.69 
Fair value109.30 85.88 
Price volatility60 %61 %
Expected term (years)
2.92.9
Risk-free interest rate3.6 %3.8 %
Average volatility of peer companies48.2 45.6 
Average correlation coefficient of peer companies0.42290.4430