XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.23.1

Share-Based Compensation | 3 Months Ended
--- | ---
Apr. 29, 2023
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation The following summarizes the share-based compensation expense recognized under all of the Company’s stock plans (in thousands):
|  |  | Three Months Ended
|  |  |  |  | Apr 29, 2023 |  | Apr 30, 2022
Stock options |  |  |  |  | $ | 506 |  |  | $ | 600 |
Stock awards/units |  |  |  |  | 4,065 |  |  | 3,372 |
Employee Stock Purchase Plan |  |  |  |  | 49 |  |  | 80 |
Total share-based compensation expense |  |  |  |  | $ | 4,620 |  |  | $ | 4,052 |
Unrecognized compensation cost related to nonvested stock options and nonvested stock awards/units totaled approximately $0.2 million and $27.2 million, respectively, as of April 29, 2023. This cost is expected to be recognized over a weighted average period of 1.8 years. Annual Grants On March 22, 2023, the Company made an annual grant of 548,100 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 following summarizes the activity for nonvested performance-based units during the three months ended April 29, 2023:
| Number of Units |  | Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023 | 612,627 |  |  | $ | 20.14 |
Granted | — |  |  | — |
Vested | (278,757) |  |  | 18.25 |
Forfeited | (184,365) |  |  | 20.34 |
Nonvested at April 29, 2023 | 149,505 |  |  | $ | 23.41 |
Market-Based Awards The Company has granted certain nonvested stock units subject to market-based vesting conditions to select executive officers. These market-based awards include (i) units where 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 and (ii) units scheduled to vest based on the attainment of certain absolute stock price levels over a four-year period. Vesting is also subject to continued service requirements through the vesting date. The following summarizes the activity for nonvested market-based units during the three months ended April 29, 2023:
| Number of Units |  | Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023 | 946,787 |  |  | $ | 14.75 |
Granted 1 | 145,003 |  |  | 6.38 |
Vested 1 | (505,494) |  |  | 6.38 |
Forfeited | — |  |  | — |
Nonvested at April 29, 2023 | 586,296 |  |  | $ | 19.89 |
______________________________________________________________________ Notes: 1 As a result of the achievement of certain market-based vesting conditions, there were 145,003 shares that vested in addition to the original target number of shares granted in fiscal 2021.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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