import sys

input = sys.stdin.readline

n, k = map(int, input().split())
A = list(map(int, input().split()))
S = list(input())

mod = 10 ** 9 + 7


def compress(A):
    XS = list(set(A))
    XS.sort()
    return len(XS), {e: i for i, e in enumerate(XS)}, {i: e for i, e in enumerate(XS)}


nagasa, valtoidx, idxtoval = compress(A)


class SegmentTree:
    # SEG木は1-index
    # Aに関しては0-index

    def __init__(self, n, ele, func):  # Aは0-idx
        self.n = n
        self.ele = ele
        self.func = func
        self.num = 2 ** ((self.n - 1).bit_length())
        self.SEG = [self.ele] * (2 * self.num)

    def search(self, idx):
        return self.SEG[idx + self.num]

    def initialize(self, A):
        for i in range(self.n):
            self.SEG[i + self.num] = A[i]
        for i in range(self.num - 1, 0, -1):
            self.SEG[i] = self.func(self.SEG[2 * i], self.SEG[2 * i + 1])

    # 1点更新
    def set(self, idx, val):
        idx += self.num
        self.SEG[idx] += val
        idx //= 2
        while idx:
            self.SEG[idx] = self.func(self.SEG[2 * idx], self.SEG[2 * idx + 1])
            idx //= 2

    # 区間取得
    def query(self, left, right):
        # 開区間
        resleft = self.ele
        resright = self.ele
        left += self.num
        right += self.num
        while right - left > 0:
            if left % 2 == 1:
                resleft = self.func(resleft, self.SEG[left])
                left += 1
            if right % 2 == 1:
                right -= 1
                resright = self.func(self.SEG[right], resright)
            left //= 2
            right //= 2
        return self.func(resleft, resright)

    def debug(self):
        print("Segmant")
        for i in range((self.n - 1).bit_length() + 1):
            print(self.SEG[1 << i : 1 << (i + 1)])


# 初期条件
def func(a, b):
    return (a + b) % mod


ele = 0

# i個目まで使って、j個の不等号を満たしている数
# dp = [[0] * (k + 1) for _ in range(n + 1)]
pre = [SegmentTree(nagasa + 1, ele, func) for _ in range(k + 1)]
for i in range(n):
    ni = i + 1
    a = A[i]
    idx = valtoidx[a]
    pre[0].set(idx, 1)
    rem = n - i
    for nj in range(1, k + 1)[::-1]:
        j = nj - 1
        if S[j] == ">":
            val = pre[j].query(idx + 1, nagasa + 1)
        else:
            val = pre[j].query(0, idx)

        pre[nj].set(idx, val)
    # print("i", i, file=sys.stderr)
    # pre[1].debug()

print(pre[k].query(0, nagasa + 1))