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Stock-Based Awards (Tables)
6 Months Ended
Jul. 27, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense and Related Tax Benefit Recognized
Stock-based compensation expense and the related tax benefit recognized during the three and six months ended July 27, 2024 and July 29, 2023 were as follows (dollars in thousands):
For the Three Months EndedFor the Six Months Ended
July 27, 2024July 29, 2023July 27, 2024July 29, 2023
Stock-based compensation$9,482 $6,323 $17,305 $12,942 
Income tax effect of stock-based compensation$2,330 $1,567 $4,269 $3,211 
Schedule of Share-based Compensation, Stock Options Award Activity
The following table summarizes stock option award activity during the six months ended July 27, 2024:
Stock Options
SharesWeighted Average Exercise Price
Outstanding as of January 27, 2024264,125 $70.18 
Granted27,680 $141.28 
Options exercised(3,976)$25.15 
Outstanding as of July 27, 2024287,829 $77.64 
Exercisable options as of July 27, 2024207,589 $64.92 
Schedule of Share-based Compensation, RSU and Performance RSU Activity
The following table summarizes RSU and Performance RSU award activity during the six months ended July 27, 2024:
Restricted Stock
RSUsPerformance RSUs
Share UnitsWeighted Average Grant Date Fair ValueShare UnitsWeighted Average Grant Date Fair Value
Outstanding as of January 27, 2024390,765 $74.89 431,190 $95.98 
Granted99,897 $145.33 170,526 $141.28 
Share units vested(185,391)$53.93 (146,702)$92.07 
Forfeited or canceled(8,481)$82.47 (78,169)$93.25 
Outstanding as of July 27, 2024296,790 $114.48 376,845 $118.57