#include <iostream>
#include <vector>
#include <cmath>
#include <map>
#include <set>
#include <iomanip>
#include <queue>
#include <algorithm>
#include <numeric>
#include <deque>
#include <complex>
#include <cassert>

using namespace std;
using ll = long long;

const ll modc = 1e9+7;
class mint {
    ll x;
public:
    mint(ll x=0) : x((x%modc+modc)%modc) {}
    mint operator-() const {
      return mint(-x);
    }
    mint& operator+=(const mint& a) {
        if ((x += a.x) >= modc) x -= modc;
        return *this;
    }
    mint& operator-=(const mint& a) {
        if ((x += modc-a.x) >= modc) x -= modc;
        return *this;
    }
    mint& operator*=(const  mint& a) {
        (x *= a.x) %= modc;
        return *this;
    }
    mint operator+(const mint& a) const {
        mint res(*this);
        return res+=a;
    }
    mint operator-(const mint& a) const {
        mint res(*this);
        return res-=a;
    }
    mint operator*(const mint& a) const {
        mint res(*this);
        return res*=a;
    }
    mint pow(ll t) const {
        if (!t) return 1;
        mint a = pow(t>>1);
        a *= a;
        if (t&1) a *= *this;
        return a;
    }
    mint inv() const {
        return pow(modc-2);
    }
    mint& operator/=(const mint& a) {
        return (*this) *= a.inv();
    }
    mint operator/(const mint& a) const {
        mint res(*this);
        return res/=a;
    }

    friend ostream& operator<<(ostream& os, const mint& m){
        os << m.x;
        return os;
    }

    friend istream& operator>>(istream& ip, mint&m) {
        ip >> m.x;
        return ip;
    }
};

template<class T> struct BIT {
    vector<T> bit;
    int N;

    BIT (int n){
        N = n;
        bit.resize(N);
    }

    void add(int loc, T val){
        loc++;
        while(loc <= N){
            bit[loc-1] += val;
            loc += loc & -loc;
        }
    }

    T sum(int l, int r){
        T res = _sum(r) - _sum(l-1);
        return res;
    }

    T _sum(int r){
        r++;
        T res = 0;
        while(r > 0){
            res += bit[r-1];
            r -= r & -r;
        }
        return res;
    }
};

template <typename T>
void compress(vector<T> &A){

    map<T, T> comp;
    int N = A.size(), i=0;
    for (int i=0; i<N; i++) comp[A[i]];

    for (auto &e : comp){
        e.second = i;
        i++;
    }

    for (int i=0; i<N; i++) A[i] = comp[A[i]];
}

int main(){

    ll N, K;
    string S;
    cin >> N >> K;
    vector<ll> A(N);
    for (int i=0; i<N; i++) cin >> A[i];
    cin >> S;
    compress(A);
    vector<BIT<mint>> dp(K+1, BIT<mint>(N));

    for (int i=0; i<N; i++){
        for (int j=1; j<=K; j++){
            if (S[j-1] == '<') dp[j].add(A[i], dp[j-1].sum(0, A[i]-1));
            else dp[j].add(A[i], dp[j-1].sum(A[i]+1, N-1));
        }
        dp[0].add(A[i], 1);
    }

    cout << dp[K].sum(0, N-1) << endl;

    return 0;
}