v3.26.1
STOCK-BASED COMPENSATION
3 Months Ended
May 02, 2026
STOCK-BASED COMPENSATION  
STOCK-BASED COMPENSATION

NOTE 12—STOCK-BASED COMPENSATION

We maintain two stock incentive plans, the 2012 Stock Incentive Plan and the 2023 Stock Incentive Plan (collectively, the “Plans”), that provide for the grant of incentive stock options to our employees and the grant of non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalent rights and any combination thereof to our employees, directors and consultants and our parent and subsidiary corporations’ employees, directors and consultants. As of May 2, 2026, there were a total of 1,415,103 shares issuable under the 2023 Stock Incentive Plan.

Equity Awards Under the Plans

Options outstanding, vested or expected to vest, and exercisable as of May 2, 2026 were as follows:

WEIGHTED-

WEIGHTED-

AGGREGATE

AVERAGE

AVERAGE

INTRINSIC

EXERCISE

REMAINING TERM

VALUE

SHARES

  ​ ​ ​

PRICE

  ​ ​ ​

(in years)

  ​ ​ ​

(in thousands)

Options outstanding

4,289,594

$

200.70

5.3

$

88,420

Options vested or expected to vest

3,845,699

201.71

4.8

88,256

Options exercisable

2,542,754

194.02

3.1

87,854

Stock-based compensation, which is included in selling, general and administrative expenses on the condensed consolidated statements of income (loss), was as follows:

THREE MONTHS ENDED

MAY 2,

MAY 3,

  ​ ​ ​

2026

  ​ ​ ​

2025

(in thousands)

Stock-based compensation

$

11,919

$

12,374

No stock-based compensation has been capitalized in the accompanying condensed consolidated financial statements.

As of May 2, 2026, the total unrecognized stock-based compensation and weighted-average remaining term of unvested awards were as follows:

UNRECOGNIZED

WEIGHTED-

STOCK BASED

AVERAGE

COMPENSATION

REMAINING TERM

(in thousands)

(in years)

Unvested options

$

153,591

5.3

Unvested restricted stock and restricted stock units

6,486

1.6

Total

$

160,077