#include<bits/stdc++.h>
using namespace std;
#define rep(i,n) for(ll i=0;i<n;i++)
#define repl(i,l,r) for(ll i=(l);i<(r);i++)
#define per(i,n) for(ll i=(n)-1;i>=0;i--)
#define perl(i,r,l) for(ll i=r-1;i>=l;i--)
#define fi first
#define se second
#define pb push_back
#define ins insert
#define pqueue(x) priority_queue<x,vector<x>,greater<x>>
#define all(x) (x).begin(),(x).end()
#define CST(x) cout<<fixed<<setprecision(x)
#define vtpl(x,y,z) vector<tuple<x,y,z>>
#define rev(x) reverse(x);
using ll=long long;
using vl=vector<ll>;
using vvl=vector<vector<ll>>;
using pl=pair<ll,ll>;
using vpl=vector<pl>;
using vvpl=vector<vpl>;
const ll MOD=1000000007;
const ll MOD9=998244353;
const int inf=1e9+10;
const ll INF=4e18;
const ll dy[9]={0,-1,0,1,1,1,-1,-1,0};
const ll dx[9]={-1,0,1,0,1,-1,1,-1,0};
template<class T> inline bool chmin(T& a, T b) {
    if (a > b) {
        a = b;
        return true;
    }
    return false;
}
template<class T> inline bool chmax(T& a, T b) {
    if (a < b) {
        a = b;
        return true;
    }
    return false;
}


//0-indexed,2冪のセグメントツリー
template <class T>
struct SegTree {
    private:
    int n;// 葉の数
    vector<T> data;// データを格納するvector
    T def; // 初期値かつ単位元
    function<T(T, T)> operation; // 区間クエリで使う処理
    function<T(T, T)> change;// 点更新で使う処理

    T find(int a, int b) {
        T val_left = def, val_right = def;
        for (a += (n - 1), b += (n - 1); a < b; a >>= 1, b >>= 1)
        {
            if ((a & 1) == 0){
                val_left = operation(val_left, data[a]);
            }
            if ((b & 1) == 0){
                val_right = operation(data[--b],val_right);
            }
        }
        return operation(val_left, val_right);
    }
    public:
    // _n:必要サイズ, _def:初期値かつ単位元, _operation:クエリ関数,
    // _change:更新関数
    SegTree(size_t _n, T _def, function<T(T, T)> _operation,
        function<T(T, T)> _change=[](T a,T b){return b;})
        : def(_def), operation(_operation), change(_change) {
        n = 1;
        while (n < _n) {
            n *= 2;
        }
        data = vector<T>(2 * n - 1, def);
    }
    void set(int i, T x) { data[i + n - 1] = x; }
    void build() {
        for (int k=n-2;k>=0;k--) data[k] = operation(data[2*k+1],data[2*k+2]);
    }
    // 場所i(0-indexed)の値をxで更新
    void update(int i, T x) {
        i += n - 1;
        data[i] = change(data[i], x);
        while (i > 0) {
            i = (i - 1) / 2;
            data[i] = operation(data[i * 2 + 1], data[i * 2 + 2]);
        }
    }
    T all_prod(){
      return data[0];
    }
    // [a, b)の区間クエリを実行
    T query(int a, int b) {
        //return _query(a, b, 0, 0, n);
        return find(a,b);
    }

    // 添字でアクセス
    T operator[](int i) {
        return data[i + n - 1];
    }
};

const int mod = MOD;
const int max_n = 200005;
struct mint {
  ll x; // typedef long long ll;
  mint(ll x=0):x((x%mod+mod)%mod){}
  mint operator-() const { return mint(-x);}
  mint& operator+=(const mint a) {
    if ((x += a.x) >= mod) x -= mod;
    return *this;
  }
  mint& operator-=(const mint a) {
    if ((x += mod-a.x) >= mod) x -= mod;
    return *this;
  }
  mint& operator*=(const mint a) { (x *= a.x) %= mod; return *this;}
  mint operator+(const mint a) const { return mint(*this) += a;}
  mint operator-(const mint a) const { return mint(*this) -= a;}
  mint operator*(const mint a) const { return mint(*this) *= a;}
  mint pow(ll t) const {
    if (!t) return 1;
    mint a = pow(t>>1);
    a *= a;
    if (t&1) a *= *this;
    return a;
  }
  bool operator==(const mint &p) const { return x == p.x; }
  bool operator!=(const mint &p) const { return x != p.x; }
  // for prime mod
  mint inv() const { return pow(mod-2);}
  mint& operator/=(const mint a) { return *this *= a.inv();}
  mint operator/(const mint a) const { return mint(*this) /= a;}
};
istream& operator>>(istream& is, mint& a) { return is >> a.x;}
ostream& operator<<(ostream& os, const mint& a) { return os << a.x;}
using vm=vector<mint>;
using vvm=vector<vm>;
struct combination {
  vector<mint> fact, ifact;
  combination(int n):fact(n+1),ifact(n+1) {
    assert(n < mod);
    fact[0] = 1;
    for (int i = 1; i <= n; ++i) fact[i] = fact[i-1]*i;
    ifact[n] = fact[n].inv();
    for (int i = n; i >= 1; --i) ifact[i-1] = ifact[i]*i;
  }
  mint operator()(int n, int k) {
    if (k < 0 || k > n) return 0;
    return fact[n]*ifact[k]*ifact[n-k];
  }
}comb(max_n);

int main(){
    ll n,k;cin >> n >> k;
    vl pls;
    vl v(n);
    rep(i,n){
        cin >> v[i];
        pls.emplace_back(v[i]);
    }
    sort(all(pls));pls.erase(unique(all(pls)),pls.end());
    ll m=pls.size();
    SegTree<mint> st(m,0,[](mint a,mint b){return a+b;},[](mint a,mint b){return a+b;});
    vector<SegTree<mint>> dp(k+1,st);
    ll id=lower_bound(all(pls),v[0])-pls.begin();
    dp[0].update(id,1);
    string s;cin >> s;
    repl(i,1,n){
        ll l=lower_bound(all(pls),v[i])-pls.begin();
        dp[0].update(l,1);
        rep(j,k){
            mint f;
            if(s[j]=='<')f=dp[j].query(0,l);
            else f=dp[j].query(l+1,m);
            dp[j+1].update(l,f);
        }
    }
    cout << dp[k].all_prod() << endl;
}