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Share-Based Payments (Tables) | 12 Months Ended
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Jan. 28, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | A summary of the Company’s stock option activity under the 2017 and 2020 Plans for Fiscal 2022 follows:
|  | For the Year Ended January 28, 2023 |
|  |  |  |  | Weighted- Average |  |  | Weighted- Average Remaining Contractual |  |  | Aggregate Intrinsic |
|  | Options |  |  | Exercise Price |  |  | Term |  |  | Value |
|  | (In thousands) |  |  |  |  |  | (In years) |  |  | (In thousands) |
Outstanding - January 29, 2022 |  |  | 3,647 |  |  | $ | 16.74 |  |  |  |  |  |  |
Granted |  |  | 1,094 |  |  | $ | 17.24 |  |  |  |  |  |  |
Exercised (1) |  |  | (126 | ) |  | $ | 9.16 |  |  |  |  |  |  |
Cancelled |  |  | (665 | ) |  | $ | 17.41 |  |  |  |  |  |  |
Outstanding - January 28, 2023 |  |  | 3,950 |  |  | $ | 17.01 |  |  |  | 4.0 |  |  | $ | 6,725 |
Vested and expected to vest - January 28, 2023 |  |  | 2,789 |  |  | $ | 16.92 |  |  |  | 2.8 |  |  | $ | 2,112 |
Exercisable - January 28, 2023 (2) |  |  | 1,096 |  |  | $ | 11.48 |  |  |  | 3.3 |  |  | $ | 4,576 |
(1) Options exercised during Fiscal 2022 ranged in price from $8.62 to $12.33. (2) 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 January 28, 2023.
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:
|  | For the Years Ended
|  | January 28, |  | January 29,
Black-Scholes Option Valuation Assumptions |  | 2023 |  | 2022
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 United States 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 the historical volatility of the Company’s common stock. (3) Represents the period that 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 activity of the Company’s restricted stock is presented in the following tables:
|  | Time-Based Restricted Stock Units |  |  | Performance- Based Restricted Stock Units |
|  | For the year ended |  |  | For the year ended |
|  | January 28, 2023 |  |  | January 28, 2023 |
(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 |  |  | 1,609 |  |  |  | 16.47 |  |  |  | 549 |  |  |  | 19.16 |
Vested |  |  | (1,229 | ) |  |  | 15.02 |  |  |  | (257 | ) |  |  | 21.28 |
Cancelled/Forfeited |  |  | (333 | ) |  |  | 15.66 |  |  |  | (180 | ) |  |  | 22.39 |
Non-vested - January 28, 2023 |  |  | 2,749 |  |  | $ | 17.00 |  |  |  | 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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