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Share-Based Compensation | 6 Months Ended
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Aug. 03, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-Based Compensation | Share-Based Compensation The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during the three and six months ended August 3, 2019 and August 4, 2018 (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 3, 2019 |  | Aug 4, 2018 |  | Aug 3, 2019 |  | Aug 4, 2018
Stock options | $ | 697 |  |  | $ | 672 |  |  | $ | 1,287 |  |  | $ | 1,367 |
Stock awards/units | 4,205 |  |  | 3,292 |  |  | 8,020 |  |  | 6,462 |
Employee Stock Purchase Plan | 84 |  |  | 67 |  |  | 147 |  |  | 160 |
Total share-based compensation expense | $ | 4,986 |  |  | $ | 4,031 |  |  | $ | 9,454 |  |  | $ | 7,989 |
Unrecognized compensation cost related to nonvested stock options and nonvested stock awards/units totaled approximately $10.4 million and $23.8 million, respectively, as of August 3, 2019. This cost is expected to be recognized over a weighted average period of 1.8 years. The weighted average grant date fair value of stock options granted was $5.41 and $5.89 during the six months ended August 3, 2019 and August 4, 2018, respectively. Grants In connection with a new employment agreement entered into between the Company and Carlos Alberini (the “Alberini Employment Agreement”), who became the Company’s Chief Executive Officer on February 20, 2019, the Company granted Mr. Alberini 600,000 stock options and 250,000 nonvested stock units which are subject to the achievement of certain performance-based vesting conditions. Mr. Alberini was also granted 150,000 restricted stock units which are considered contingently returnable as a result of certain service conditions set forth in the Alberini Employment Agreement. On June 10, 2019, the Company made a special grant of 1,077,700 stock options to certain of its employees. On June 20, 2019, the Company granted select key management 205,339 nonvested stock units which are subject to certain performance-based vesting conditions. On June 25, 2018, the Company granted select key management 619,578 nonvested stock units which are subject to certain performance-based vesting or market-based vesting conditions. Annual Grants On March 29, 2019, the Company made an annual grant of 5,100 stock options and 280,700 nonvested stock awards/units to its employees. On March 30, 2018, the Company made an annual grant of 431,371 stock options and 490,528 nonvested stock awards/units to its employees. Performance-Based Awards The Company has granted certain nonvested stock units subject to performance-based vesting conditions to select executive officers. Each award of nonvested stock units generally has an initial vesting period from the date of the grant through either (i) the end of the first fiscal year or (ii) the first anniversary of the date of grant, followed by annual vesting periods which may range from two-to-three years. The Company has also granted a target number of nonvested stock units to select key management, including certain executive officers. The number of shares that may ultimately vest with respect to each award may range from 0% up to 200% of the target number of shares, subject to the achievement of certain performance-based vesting conditions. Any shares that are ultimately issued are scheduled to vest at the end of the third fiscal year following the grant date. The following table summarizes the activity for nonvested performance-based units during the six months ended August 3, 2019:
| Number of Units |  | Weighted Average Grant Date Fair Value
Nonvested at February 2, 2019 | 1,371,230 |  |  | $ | 16.44 |
Granted | 455,339 |  |  | 18.33 |
Vested | 103,369 |  |  | 20.70 |
Forfeited | 334,526 |  |  | 18.01 |
Nonvested at August 3, 2019 | 1,388,674 |  |  | $ | 16.37 |
Market-Based Awards The Company has granted certain nonvested stock units subject to market-based vesting conditions to select executive officers. The number of shares that may ultimately vest will equal 0% to 150% of the target number of shares, subject to the performance of the Company’s total stockholder return (“TSR”) relative to the TSR of a select group of peer companies over a three-year period. Vesting is also subject to continued service requirements through the vesting date. The following table summarizes the activity for nonvested market-based units during the six months ended August 3, 2019:
| Number of Units |  | Weighted Average Grant Date Fair Value
Nonvested at February 2, 2019 | 518,409 |  |  | $ | 14.28 |
Granted1 | 17,557 |  |  | 15.20 |
Vested1 | 158,014 |  |  | 15.20 |
Forfeited | 89,750 |  |  | 15.58 |
Nonvested at August 3, 2019 | 288,202 |  |  | $ | 13.43 |
______________________________________________________________________ Notes: 1 As a result of the achievement of certain market-based vesting conditions, there were 17,557 shares that vested in addition to the original target number of shares granted in fiscal 2017.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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