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Pay vs Performance Disclosure - USD ($)
 12 Months Ended 13 Months Ended
Jan. 27, 2024
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our CEO and to Ms. Kretchmar and Mr. Hurt (our “Non-CEO NEOs”) and certain financial performance of the Company. Compensation actually paid, as determined under SEC requirements, does not reflect the actual amount of compensation earned by or paid to our executive officers during a covered year. For further information concerning the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to the “Executive Compensation Summary” section of this proxy statement.

 

Year

Summary

Compensation

Table Total

For CEO(1)

($)

Compensation

Actually Paid

to CEO(2)

($)

Average

Summary

Compensation

Table Total for

Non-CEO

NEOs(3)

($)

Average

Compensation

Actually Paid

To Non-CEO

NEOs(2)

($)

Value of

Fixed $100

Investment

Based on

Total

Shareholder

Return(4)

($)

Net

Income

(Loss)

($ millions)

2023

3,595,880

2,142,297

1,508,975(5)

1,299,378(5)

602

52.8

2022

3,821,078

7,866,045

1,312,100

1,677,718

601

48.0

2021

3,228,539

11,377,602

1,236,035

2,267,001

439

47.3

2020

1,946,150

2,043,151

897,349

1,169,323

133

(23.0)

(1)

Ms. John served as the Company’s President and Chief Executive Officer for each year shown.

(2)

Amounts reported in this column are based on total compensation reported for our CEO and average total compensation reported for our Non-CEO NEOs in the Summary Compensation Table (“SCT”) for the indicated fiscal years and adjusted as shown in the table below to determine the compensation actually paid as calculated in accordance with the requirements of Item 402(v) of Regulation S-K. The fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
     
PEO Total Compensation Amount $ 3,595,880 $ 3,821,078 $ 3,228,539 $ 1,946,150
PEO Actually Paid Compensation Amount $ 2,142,297 7,866,045 11,377,602 2,043,151
Adjustment To PEO Compensation, Footnote

Position

Year

  

SCT Total

Compensation

(i)

($)

    

Minus

SCT Equity Awards Total

(ii)

($)

    

Plus Fair Value of Current Year Equity Awards Unvested at Year End

(iii) (iv)

($)

    

Plus Change in Fair Value of Unvested Prior Year Equity Awards

(iv) (v)

($)

    

Plus Change in Fair Value of Equity Awards Vested in Current Year

(vi)

($)

    

Equals

Compensation

Actually Paid

($)

  
 

2023

     3,595,880       1,350,038       615,579       (448,215 )     (270,909 )     2,142,297  

CEO

2022

     3,821,078       1,250,002       1,703,128       3,300,766       291,075       7,866,045  
 

2021

     3,228,539       812,505       2,628,961       5,455,036       877,571       11,377,602  
 

2020

     1,946,150       955,299       1,796,586       (509,303 )     (234,982 )     2,043,151  

Non-

2023

     1,508,975       300,044       176,379       (60,177 )     (25,754 )     1,299,378  

CEO

2022

     1,312,100       299,983       406,798       205,726       53,077       1,677,718  

NEOs

2021

     1,236,035       150,001       315,475       526,052       339,439       2,267,001  
 

2020

     897,349       234,057       532,602       33,805       (60,376 )     1,169,323  

 

 

(i)

Includes dividends accrued on unvested time-based restricted stock awards.
 

(ii)

For the CEO, represents the total of the amounts reported in the “Stock Awards” column of the SCT and for the Non-CEO NEOs, represents the average total of the amounts reported in the “Stock Awards” column of the SCT, as the grant date fair value of equity awards granted in the applicable year.
 

(iii)

For the CEO, represents the total fair value and for the Non-CEO NEOs, represents the average total fair value as of the end of the applicable year of awards granted during the applicable year that remain unvested as of the end of the fiscal year.
 

(iv)

Fair value of performance-based restricted stock with unsatisfied performance conditions as of the applicable measurement date also reflects the probable outcome of the applicable performance conditions as of that date.
 

(v)

Changes in fair value are measured by comparing fair value as of the end of the applicable year to the fair value as of the end of the prior year.
 

(vi)

Changes in fair value are measured by comparing fair value at vesting to the fair value as of the end of the prior year.

(3)

The Non-CEO NEOs for the applicable periods were Ms. Kretchmar and Mr. Hurt.

(4)

Total Stockholder Return (“TSR”) represents the cumulative TSR for the Company’s common stock over a four-year period beginning on February 1, 2020 and ending on February 3, 2024.

(5)

The amounts reported in these columns for fiscal 2023 reflect payments accrued to Ms. Kretchmar pursuant to the terms of her Separation Agreement entered into in connection with termination of her employment. See the “Executive Compensation Summary—Departure of Jennifer Kretchmar” section of this proxy statement for a description of these payments

 

 

      
Non-PEO NEO Average Total Compensation Amount $ 1,508,975 1,312,100 1,236,035 897,349
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,299,378 1,677,718 2,267,001 1,169,323
Compensation Actually Paid vs. Total Shareholder Return

The charts below describe the relationship between compensation actually paid (“CAP”) to our CEO and to our Non-CEO NEOs (as calculated above) and our TSR and financial performance as measured by our reported Net Income for the indicated years.

 

tsr.jpg

 

      
Compensation Actually Paid vs. Net Income
netincome.jpg

 

 

      
Total Shareholder Return Amount $ 602 601 439 133
Net Income (Loss) 52,800,000 48,000,000 47,300,000 (23,000,000)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,350,038 1,250,002 812,505 955,299
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 615,579 1,703,128 2,628,961 1,796,586
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (448,215) 3,300,766 5,455,036 (509,303)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (270,909) 291,075 877,571 (234,982)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 300,044 299,983 150,001 234,057
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 176,379 406,798 315,475 532,602
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (60,177) 205,726 526,052 33,805
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (25,754) $ 53,077 $ 339,439 $ (60,376)