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Share-Based Compensation
 6 Months Ended
Aug. 02, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
On September 29, 2020, the ASO, Inc. Board of Directors adopted the 2020 Omnibus Incentive Plan (the “2020 Omnibus Incentive Plan”), which became effective on October 1, 2020. The plan reserved a total of 5,150,000 shares of common stock for issuance. On June 1, 2023, our stockholders approved the First Amendment to the 2020 Omnibus Incentive Plan, which, among other changes, increased the number of shares available for issuance thereunder by 2,600,000 shares. As of August 2, 2025, there were 3,556,643 shares that were authorized and available for future issuance under the 2020 Omnibus Incentive Plan.
On September 29, 2020, the ASO, Inc. Board of Directors adopted the 2020 Employee Stock Purchase Plan (the “ESPP”), which became effective on October 1, 2020. We have reserved a total of 2,000,000 shares and as of August 2, 2025, there were 1,402,072 shares authorized and available for future issuance under the ESPP.
Equity compensation expense was $7.6 million and $15.1 million for the thirteen and twenty-six weeks ended August 2, 2025, respectively. Equity compensation expense was $8.0 million and $14.1 million for the thirteen and twenty-six weeks ended August 3, 2024, respectively. These costs are included in selling, general and administrative expenses in the Consolidated Statements of Income. For all Awards granted in 2023, 2024, and 2025, for team members that meet the age and service requirement for retirement eligibility (as defined in the award agreement), such Awards do not require the continued employment of the team member for vesting eligibility. In such cases, expensing of Awards is accelerated through the retirement eligibility date.

The following table presents the Award grants during the twenty-six weeks ended August 2, 2025:
Service Restricted Stock UnitsPerformance Restricted Stock Units
Number of shares530,393 154,907 
Weighted average grant date fair value per Award$48.86 $50.03 
Weighted average exercise price per AwardN/AN/A

The following table presents the unrecognized compensation cost as of August 2, 2025:
Service OptionsService Restricted Stock UnitsPerformance Restricted Stock Units
Remaining expense$1,607,496 $36,274,166 $10,226,635 
Weighted average life remaining in years0.92.02.1