Rendering
| Component: (Network and Table) |
|---|
| Network | 100360 - Disclosure - Share-Based Payments (Tables) (http://www.ae.com/20170128/taxonomy/role/DisclosureShareBasedPaymentsTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0000919012 (http://www.sec.gov/CIK) |
| Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | Period [Axis] |
|---|
2016-01-31 - 2017-01-28 |
|---|
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Stock Option Activity |
A summary of the Company’s stock option activity under all plans for Fiscal 2016 follows:
|
|
|
For the Year Ended January 28, 2017 |
|
|
|
|
|
|
|
|
Weighted-
Average |
|
|
Weighted-
Average
Remaining
Contractual |
|
|
Aggregate |
|
|
|
|
Options |
|
|
Exercise Price |
|
|
Term |
|
|
Intrinsic Value |
|
|
|
|
(In thousands) |
|
|
|
|
|
|
(In years) |
|
|
(In thousands) |
|
|
Outstanding - January 30, 2016 |
|
|
1,213 |
|
|
$ |
14.83 |
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
2,211 |
|
|
$ |
15.35 |
|
|
|
|
|
|
|
|
|
|
Exercised (1) |
|
|
(1,068 |
) |
|
$ |
14.83 |
|
|
|
|
|
|
|
|
|
|
Cancelled |
|
|
(42 |
) |
|
$ |
14.50 |
|
|
|
|
|
|
|
|
|
|
Outstanding - January 28, 2017 |
|
|
2,314 |
|
|
$ |
15.33 |
|
|
|
6.1 |
|
|
|
108 |
|
|
Vested and expected to vest - January 28, 2017 |
|
|
2,133 |
|
|
$ |
15.33 |
|
|
|
6.0 |
|
|
|
107 |
|
|
Exercisable - January 28, 2017 (2) |
|
|
39 |
|
|
$ |
12.10 |
|
|
|
0.8 |
|
|
|
99 |
|
|
(1) |
Options exercised during Fiscal 2016 ranged in price from $11.51 to $15.81. |
|
(2) |
Options exercisable represent “in-the-money” vested options based upon the weighted average exercise price of vested options compared to the Company’s stock price at January 28, 2017. | |
Black-Scholes Option Valuation Assumptions |
The fair value of stock options was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
|
|
|
For the Years
Ended |
|
|
|
|
January 28, |
|
January 31, |
|
|
Black-Scholes Option Valuation Assumptions |
|
2017 |
|
2015 |
|
|
Risk-free interest rates (1) |
|
|
1.3% |
|
|
1.5% |
|
|
Dividend yield |
|
|
3.0% |
|
|
3.1% |
|
|
Volatility factors of the expected market price of
the Company's common stock (2) |
|
|
35.4% |
|
|
41.2% |
|
|
Weighted-average expected term (3) |
|
4.4 years |
|
4.5 years |
|
|
(1) |
Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of our stock options. |
|
(2) |
Based on a combination of historical volatility of the Company’s common stock and implied volatility. |
|
(3) |
Represents the period of time options are expected to be outstanding. The weighted average expected option terms were determined based on historical experience. | |
Summary of Restricted Stock Activity |
A summary of the activity of the Company’s restricted stock is presented in the following tables:
|
|
|
Time-Based Restricted Stock Units |
|
|
Performance-Based Restricted Stock Units |
|
|
|
|
For the year ended |
|
|
For the year ended |
|
|
|
|
January 28, 2017 |
|
|
January 28, 2017 |
|
|
(Shares in thousands) |
|
Shares |
|
|
Weighted-Average
Grant Date
Fair Value |
|
|
Shares |
|
|
Weighted-Average
Grant Date
Fair Value |
|
|
Nonvested - January 30, 2016 |
|
|
1,935 |
|
|
$ |
15.17 |
|
|
|
2,609 |
|
|
$ |
16.02 |
|
|
Granted |
|
|
1,080 |
|
|
|
16.16 |
|
|
|
1,112 |
|
|
|
15.73 |
|
|
Vested |
|
|
(916 |
) |
|
|
16.06 |
|
|
|
(195 |
) |
|
|
14.82 |
|
|
Cancelled/Forfeited |
|
|
(98 |
) |
|
|
13.24 |
|
|
|
(701 |
) |
|
|
19.73 |
|
|
Nonvested - January 28, 2017 |
|
|
2,001 |
|
|
|
15.39 |
|
|
|
2,825 |
|
|
|
15.07 |
|
|