XML 39 R32.htm IDEA: XBRL DOCUMENT
v3.24.3

Share-Based Compensation (Tables) | 9 Months Ended
--- | ---
Nov. 02, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | A summary of the Company’s stock option activity for the 39 weeks ended November 2, 2024 follows:
|  | Options |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
|  | (In thousands) |  |  |  |  |  | (In years) |  |  | (In thousands) |
Outstanding - February 3, 2024 |  |  | 4,213 |  |  | $ | 16.83 |  |  |  |  |  |  |
Granted |  |  | 525 |  |  |  | 24.37 |  |  |  |  |  |  |
Exercised |  |  | (414 | ) |  |  | 14.35 |  |  |  |  |  |  |
Cancelled |  |  | — |  |  |  | — |  |  |  |  |  |  |
Outstanding - November 2, 2024 |  |  | 4,324 |  |  | $ | 17.98 |  |  |  | 3.7 |  |  | $ | 15,597 |
Vested and expected to vest - November 2, 2024 |  |  | 4,202 |  |  | $ | 17.86 |  |  |  | 3.4 |  |  | $ | 5,041 |
Exercisable - November 2, 2024 (1) |  |  | 1,618 |  |  | $ | 12.95 |  |  |  | 3.5 |  |  | $ | 10,533 |
(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 November 2, 2024.
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 |
|  | November 2, |  |  | October 28, |
Black-Scholes Option Valuation Assumptions |  | 2024 |  |  | 2023 |
Risk-free interest rate (1) |  |  | 4.4 | % |  |  | 3.4 | %
Dividend yield |  |  | 1.9 | % |  |  | 2.8 | %
Volatility factor (2) |  |  | 55.4 | % |  |  | 55.7 | %
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. (3) 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 |
|  | November 2, 2024 |  |  | November 2, 2024 |
(Shares in thousands) |  | Shares |  |  | Weighted-Average Grant Date Fair Value |  |  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Non-vested - February 3, 2024 |  |  | 2,830 |  |  | $ | 15.83 |  |  |  | 2,023 |  |  | $ | 18.45 |
Granted |  |  | 1,084 |  |  | $ | 24.12 |  |  |  | 484 |  |  | $ | 27.19 |
Vested |  |  | (1,199 | ) |  | $ | 17.50 |  |  |  | (257 | ) |  | $ | 38.91 |
Cancelled |  |  | (312 | ) |  | $ | 17.07 |  |  |  | (48 | ) |  | $ | 18.55 |
Non-vested - November 2, 2024 |  |  | 2,403 |  |  | $ | 18.58 |  |  |  | 2,202 |  |  | $ | 17.98 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration