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Share-Based Compensation (Tables) | 12 Months Ended
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Jan. 28, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Summary of allocation of stock-based compensation | Pre-tax share-based compensation, excluding the acceleration of Sierra Wireless equity awards, was included in the Statements of Operations for fiscal years 2024, 2023 and 2022 as follows:
| Fiscal Year Ended
(in thousands) | January 28, 2024 |  | January 29, 2023 |  | January 30, 2022
Cost of sales | $ | 1,995 |  |  | $ | 2,645 |  |  | $ | 2,901 |
Selling, general and administrative | 25,331 |  |  | 21,493 |  |  | 32,578 |
Product development and engineering | 12,844 |  |  | 15,110 |  |  | 15,710 |
Share-based compensation | $ | 40,170 |  |  | $ | 39,248 |  |  | $ | 51,189 |
Summary of the activity for stock option awards | The following table summarizes the activity for stock options for fiscal year 2024:
(in thousands, except per share data) | Number of Shares |  | Weighted- Average Exercise Price (per share) |  | Aggregate Intrinsic Value (1) |  |  |  | Number of Shares Exercisable |  | Weighted-Average Contractual Term (years)
Vested and expected to vest at January 29, 2023 | 608 |  |  | $ | 30.96 |  |  | $ | 2,151 |  |  |  |  | 68 |  | 5.4
Exercised | — |  |  | — |  |  | — |  |  |  |  |  |  |
Forfeited | (107) |  |  | 31.14 |  |  |  |  |  |  |  |  |
Vested and expected to vest at January 28, 2024 | 501 |  |  | $ | 30.92 |  |  | $ | 8 |  |  |  |  | 201 |  | 4.5
Vested and exercisable at January 28, 2024 | 201 |  |  | $ | 33.35 |  |  | $ | 8 |  |  |  |  |  |  | 4.0
(1) The aggregate intrinsic value of stock options vested and exercisable and vested and expected to vest as of January 28, 2024 is calculated based on the difference between the exercise price and the $20.59 closing price of the Company's common stock as of January 28, 2024.
Summary of unvested stock option awards | The following table summarizes information regarding nonvested stock option awards at January 28, 2024:
(in thousands, except per share data) | Number of Shares |  | Weighted-Average Exercise Price (per share) |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 29, 2023 | 540 |  |  | $ | 29.30 |  |  | $ | 12.77 |
Vested | (155) |  |  | 29.30 |  |  | 12.77 |
Forfeited | (85) |  |  | 29.30 |  |  | 12.77 |
Nonvested at January 28, 2024 | 300 |  |  | $ | 29.30 |  |  | $ | 12.77 |
Summary of activity for market performance units | The following table summarizes the activity for restricted stock units awarded to employees for fiscal year 2024:
(in thousands, except per share data) | Total Units |  | Units Subject to Share Settlement |  | Units Subject to Cash Settlement |  | Weighted-Average Grant Date Fair Value (per share) |  |  |  |
Nonvested at January 29, 2023 | 1,639 |  |  | 1,639 |  |  | — |  |  | $ | 52.91 |  |  |  |  |
Granted | 2,183 |  |  | 2,174 |  |  | 9 |  |  | 21.41 |  |  |  |  |
Vested | (763) |  |  | (763) |  |  | — |  |  | 49.67 |  |  |  |  |
Forfeited | (460) |  |  | (459) |  |  | (1) |  |  | 40.32 |  |  |  |  |
Nonvested at January 28, 2024 | 2,599 |  |  | 2,591 |  |  | 8 |  |  | $ | 29.64 |  |  |  |  |
The following table summarizes the activity for restricted stock units awarded to non-employee directors for fiscal year 2024:
(in thousands, except per share data) | Total Units |  | Units Subject to Share Settlement |  | Units Subject to Cash Settlement |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 29, 2023 | 32 |  |  | 16 |  |  | 16 |  |  | $ | 51.97 |
Granted | 80 |  |  | 40 |  |  | 40 |  |  | 24.21 |
Vested | (36) |  |  | (18) |  |  | (18) |  |  | 22.09 |
Nonvested at January 28, 2024 | 76 |  |  | 38 |  |  | 38 |  |  | $ | 24.76 |
The following table summarizes the activity for the Metric-based Awards for fiscal year 2024:
(in thousands, except per share data) | Total Units |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 29, 2023 | — |  |  | $ | — |
Granted | 190 |  |  | 26.12 |
Vested | — |  |  | — |
Cancelled/Forfeited (1) | (74) |  |  | 30.21 |
Nonvested at January 28, 2024 | 116 |  |  | $ | 23.53 |
Share-Based Payment Arrangement, Outstanding Award, Activity, Excluding Option | The following table summarizes the activity for the TSR Awards for fiscal year 2024:
(in thousands, except per share data) | Total Units |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 29, 2023 | 88 |  |  | $ | 75.18 |
Granted | 203 |  |  | 38.70 |
Vested | — |  |  | — |
Cancelled/Forfeited (1) | (186) |  |  | 52.10 |
Nonvested at January 28, 2024 | 105 |  |  | $ | 45.66 |
(1) Primarily represents cancellations due to awards not meeting the performance target, as well as forfeitures due to the terminations of certain officers.

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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