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Share-Based Payments (Tables)

12 Months Ended

Feb. 01, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity for Fiscal 2024 follows:

		Fiscal Year Ending February 1, 2025
						Weighted- Average				Weighted- Average Remaining Contractual				Aggregate Intrinsic
		Options				Exercise Price				Term				Value
		(In thousands)								(In years)				(In thousands)
Outstanding - February 3, 2024			4,213			$	16.83
Granted			525			$	24.37
Exercised (1)			(414	)		$	14.35
Cancelled			—			$	—
Outstanding - February 1, 2025			4,324			$	17.98				3.3			$	7,777
Vested and expected to vest - February 1, 2025			4,202			$	17.86				3.2			$	7,603
Exercisable - February 1, 2025 (2)			1,135			$	11.12				3.0			$	5,696

(1)Options exercised during Fiscal 2024 ranged in price from $8.62 to $17.24.

(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 February 1, 2025.

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:

		Fiscal Years Ending
		February 1,		February 3,
Black-Scholes Option Valuation Assumptions		2025		2024
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 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
		Fiscal Year Ending								Fiscal Year Ending
		February 1, 2025								February 1, 2025
(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			1,101				24.03				500				26.95
Vested			(1,214	)			17.53				(257	)			38.38
Cancelled			(357	)			17.32				(48	)			18.55
Non-vested - February 1, 2025			2,360			$	18.56				2,218			$	18.05

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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.

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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)(1)
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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.

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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.

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