#include <iostream>
#include <algorithm>
#include <iomanip>
#include <vector>
#include <queue>
#include <deque>
#include <set>
#include <map>
#include <tuple>
#include <cmath>
#include <numeric>
#include <functional>
#include <cassert>
#include <atcoder/segtree>

#define debug_value(x) cerr << "line" << __LINE__ << ":<" << __func__ << ">:" << #x << "=" << x << endl;
#define debug(x) cerr << "line" << __LINE__ << ":<" << __func__ << ">:" << x << endl;

template<class T> inline bool chmax(T& a, T b) { if (a < b) { a = b; return 1; } return 0; }
template<class T> inline bool chmin(T& a, T b) { if (a > b) { a = b; return 1; } return 0; }

using namespace std;
typedef long long ll;

template<typename T>
vector<vector<T>> vec2d(int n, int m, T v){
    return vector<vector<T>>(n, vector<T>(m, v));
}

template<typename T>
vector<vector<vector<T>>> vec3d(int n, int m, int k, T v){
    return vector<vector<vector<T>>>(n, vector<vector<T>>(m, vector<T>(k, v)));
}

template<typename T>
void print_vector(vector<T> v, char delimiter=' '){
    if(v.empty()) {
        cout << endl;
        return;
    }
    for(int i = 0; i+1 < v.size(); i++) cout << v[i] << delimiter;
    cout << v.back() << endl;
}

const ll MOD = 1000000007;

class ModInt{
    public:
    ll v;
    ModInt(ll _v = 0){
        if(_v < 0) _v = (_v%MOD)+MOD;
        if(_v >= MOD) _v %= MOD;
        v = _v;
    }
    ModInt operator+(ll n){
        return ModInt((v+n)%MOD);
    }
    ModInt operator-(ll n){
        return ModInt((v-n+MOD)%MOD);
    }
    ModInt operator*(ll n){
        if(n >= MOD) n %= MOD;
        return ModInt((v*n)%MOD);
    }
    ModInt operator/(ll n){
        return ModInt((ModInt(n).inv()*v).v%MOD);
    }

    ModInt &operator+=(ll n){
        v = (v+n)%MOD;
        return *this;
    }
    ModInt &operator-=(ll n){
        v = (v-n+MOD)%MOD;
        return *this;
    }
    ModInt &operator*=(ll n){
        v = (v*n+MOD)%MOD;
        return *this;
    }
    
    
    ModInt operator+(ModInt n){
        return ModInt((v+n.v)%MOD);
    }
    ModInt operator-(ModInt n){
        return ModInt((v-n.v+MOD)%MOD);
    }
    ModInt operator*(ModInt n){
        return ModInt((v*n.v)%MOD);
    }
    ModInt operator/(ModInt n){
        return ModInt((n.inv()*v).v%MOD);
    }

    ModInt &operator+=(ModInt n){
        v = (v+n.v)%MOD;
        return *this;
    }
    ModInt &operator-=(ModInt n){
        v = (v-n.v+MOD)%MOD;
        return *this;
    }
    ModInt &operator*=(ModInt n){
        v = (v*n.v)%MOD;
        return *this;
    }

    bool operator==(ModInt n){
        return v == n.v;
    }
    bool operator!=(ModInt n){
        return v != n.v;
    }
    ModInt &operator=(ll n){
        v = n%MOD;
        return *this;
    }

    ModInt inv(){
        if(v == 1) return ModInt(1);
        else return ModInt(MOD-ModInt(MOD%v).inv().v*(MOD/v)%MOD);
    }
};

ostream& operator<<(ostream& os, const ModInt& m){
    os << m.v;
    return os;
}

istream & operator >> (istream &in,  ModInt &m){
    in >> m.v;
    return in;
}

ModInt pow(ModInt a, ll n) {
    assert(n >= 0);
	ModInt ans = 1;
    while (n > 0) {
        if (n&1) ans = ans*a;
        a = a*a;
        n >>= 1;
    }
	return ans;
}

//1-indexed
template <typename T>
struct bit{
    int n;
    vector<T> data;

    bit(int n_){
        n = 1;
        while(n < n_) n *= 2;
        data = vector<T>(n+1);
        for(int i = 0; i <= n; i++) data[i] = 0;
    }
    
    T sum(int i){
        T ret = 0;
        while(i > 0){
            ret += data[i];
            i -= i&-i;
        }
        return ret;
    }

    void add(int i, T x){
        while(i <= n){
            data[i] += x;
            i += i&-i;
        }
    }

    void add(int l, int r, T x){
        if(r <= n) add(r, x*(-1));
        add(l, x);
    }
};

template<typename T>
class Compress{
    public:
    vector<T> data;
    int offset;
    Compress(vector<T> data_, int offset=0): offset(offset){
        data = data_;
        sort(begin(data), end(data));
        data.erase(unique(begin(data), end(data)), end(data));
    };
    int operator[](T x) {
        auto p = lower_bound(data.begin(), data.end(), x);
        assert(x == *p);
        return offset+(p-data.begin());
	}
    T inv(int x){
        return data[x-offset];
    }
    int size(){
        return data.size();
    }
};

using mint = ModInt;

mint e(){
    return mint(0);
}

mint add(mint x, mint y){
    return x+y;
}

using Seg = atcoder::segtree<mint, add, e>;

int main(){
    ios::sync_with_stdio(false);
    cin.tie(0);
    cout << setprecision(10) << fixed;
    int n, k; cin >> n >> k;
    vector<int> a(n);
    for(int i = 0; i < n; i++) cin >> a[i];
    auto cp = Compress<int>(a);
    string s; cin >> s;
    int sz = cp.size();
    vector<Seg> dp(k+1, Seg(sz));
    for(int j = 0; j < n; j++){
        int idx = cp[a[j]];
        dp[0].set(idx, dp[0].get(idx)+mint(1));
        for(int i = 1; i <= k; i++){
            if(s[i-1] == '<'){
                dp[i].set(idx, dp[i].get(idx) + dp[i-1].prod(0, idx));
            }else{
                dp[i].set(idx, dp[i].get(idx) + dp[i-1].prod(idx+1, sz));
            }
        }
    }
    cout << dp[k].all_prod() << endl;
}