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Share-Based Compensation (Tables) | 9 Months Ended
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Oct. 29, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity |
|  |  |  |  | Weighted- Average |  |  | Weighted- Average Remaining Contractual |  |  | Aggregate |
|  | Options |  |  | Exercise Price |  |  | Term |  |  | Intrinsic Value |
|  | (In thousands) |  |  |  |  |  | (In years) |  |  | (In thousands) |
Outstanding - January 29, 2022 |  |  | 3,647 |  |  | $ | 16.74 |  |  |  |  |  |  |
Granted |  |  | 1,094 |  |  | $ | 17.24 |  |  |  |  |  |  |
Exercised |  |  | (108 | ) |  | $ | 8.62 |  |  |  |  |  |  |
Cancelled |  |  | (617 | ) |  | $ | 16.87 |  |  |  |  |  |  |
Outstanding - October 29, 2022 |  |  | 4,016 |  |  | $ | 17.07 |  |  |  | 4.1 |  |  |  | 1,708 |
Vested and expected to vest - October 29, 2022 |  |  | 2,856 |  |  | $ | 17.01 |  |  |  | 2.9 |  |  |  | 550 |
Exercisable - October 29, 2022 (1) |  |  | 433 |  |  | $ | 9.91 |  |  |  | 4.4 |  |  |  | 1,139 |
(1) Options exercisable represent “in-the-money” vested options based upon the weighted-average exercise price of vested options compared to the Company’s stock price on October 29, 2022.
Black-Scholes Option Valuation Assumptions | The fair value of stock options was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
|  | 39 Weeks Ended |  | 39 Weeks Ended |
|  | October 29, |  | October 30, |
Black-Scholes Option Valuation Assumptions |  | 2022 |  | 2021 |
Risk-free interest rate (1) |  |  | 2.5 | % |  | 0.9 | %
Dividend yield |  |  | 3.8 | % |  | 1.6 | %
Volatility factor (2) |  |  | 52.2 | % |  | 50.7 | %
Weighted-average expected term (3) |  | 4.5 years |  | 4.5 years |
(1) Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of our stock options. (2) Based on historical volatility of the Company’s common stock. Represents the period of time options are expected to be outstanding. The weighted average expected option terms were determined based on historical experience.
Summary of Restricted Stock Activity | A summary of the Company’s restricted stock activity is presented in the following table:
|  | Time-Based Restricted Stock Units |  |  | Performance-Based Restricted Stock Units |
|  | October 29, 2022 |  |  | October 29, 2022 |
(Shares in thousands) |  | Shares |  |  | Weighted- Average Grant Date Fair Value |  |  | Shares |  |  | Weighted- Average Grant Date Fair Value |
Non-vested - January 29, 2022 |  |  | 2,702 |  |  | $ | 16.25 |  |  |  | 1,462 |  |  | $ | 20.95 |
Granted |  |  | 1,598 |  |  | $ | 16.51 |  |  |  | 549 |  |  | $ | 19.16 |
Vested |  |  | (1,228 | ) |  | $ | 15.01 |  |  |  | (257 | ) |  | $ | 21.28 |
Cancelled |  |  | (314 | ) |  | $ | 15.57 |  |  |  | (180 | ) |  | $ | 22.39 |
Non-vested - October 29, 2022 |  |  | 2,758 |  |  | $ | 17.03 |  |  |  | 1,574 |  |  | $ | 20.11 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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