import sys
input = lambda: sys.stdin.readline().rstrip()
ii = lambda: int(input())
mi = lambda: map(int, input().split())
li = lambda: list(mi())
INF = 2 ** 63 - 1
mod = 10 ** 9 + 7

def comp(a):
    import bisect
    n = len(a)
    b = sorted(list(set(a)))
    c = []
    for i in range(n):
        c.append(bisect.bisect(b, a[i]))
    return c
class segtree():
    n=1
    size=1
    log=2
    d=[0]
    op=None
    e=10**15
    def __init__(self,V,OP,E):
        self.n=len(V)
        self.op=OP
        self.e=E
        self.log=(self.n-1).bit_length()
        self.size=1<<self.log
        self.d=[E for i in range(2*self.size)]
        for i in range(self.n):
            self.d[self.size+i]=V[i]
        for i in range(self.size-1,0,-1):
            self.update(i)
    def set(self,p,x):
        assert 0<=p and p<self.n
        p+=self.size
        self.d[p]=x
        for i in range(1,self.log+1):
            self.update(p>>i)
    def get(self,p):
        assert 0<=p and p<self.n
        return self.d[p+self.size]

    def __setitem__(self, p, x):
        self.set(p, x)
    
    def __getitem__(self, p):
        return self.get(p)


    def prod(self,l,r):
        assert 0<=l and l<=r and r<=self.n
        sml=self.e
        smr=self.e
        l+=self.size
        r+=self.size
        while(l<r):
            if (l&1):
                sml=self.op(sml,self.d[l])
                l+=1
            if (r&1):
                smr=self.op(self.d[r-1],smr)
                r-=1
            l>>=1
            r>>=1
        return self.op(sml,smr)
    
    def all_prod(self):
        return self.d[1]
    def max_right(self,l,f):
        assert 0<=l and l<=self.n
        assert f(self.e)
        if l==self.n:
            return self.n
        l+=self.size
        sm=self.e
        while(1):
            while(l%2==0):
                l>>=1
            if not(f(self.op(sm,self.d[l]))):
                while(l<self.size):
                    l=2*l
                    if f(self.op(sm,self.d[l])):
                        sm=self.op(sm,self.d[l])
                        l+=1
                return l-self.size
            sm=self.op(sm,self.d[l])
            l+=1
            if (l&-l)==l:
                break
        return self.n
    def min_left(self,r,f):
        assert 0<=r and r<self.n
        assert f(self.e)
        if r==0:
            return 0
        r+=self.size
        sm=self.e
        while(1):
            r-=1
            while(r>1 & (r%2)):
                r>>=1
            if not(f(self.op(self.d[r],sm))):
                while(r<self.size):
                    r=(2*r+1)
                    if f(self.op(self.d[r],sm)):
                        sm=self.op(self.d[r],sm)
                        r-=1
                return r+1-self.size
            sm=self.op(self.d[r],sm)
            if (r& -r)==r:
                break
        return 0
    def update(self,k):
        self.d[k]=self.op(self.d[2*k],self.d[2*k+1])
    def __str__(self):
        return str([self.get(i) for i in range(self.n)])

n, k = mi()
a = li()
s = input()
a = comp(a)

dp = [[0] * (k + 1) for _ in range(n + 1)]

for i in range(n):
    dp[i][0] = 1
for i in range(k):
    S = segtree([0] * (n + 2), lambda x, y: x + y, 0)
    for j in range(n):
        S[a[j]] += dp[j][i]
        if s[i] == '>':
            dp[j][i + 1] += S.prod(a[j] + 1, n + 1)
            dp[j][i + 1] %= mod
        else:
            dp[j][i + 1] += S.prod(0, a[j])
            dp[j][i + 1] %= mod
ans = 0
for i in range(n + 1):
    ans += dp[i][k]
    ans %= mod
print(ans)