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Stock-Based Compensation | 6 Months Ended
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Jul. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Stock-Based Compensation | Note 5 - Stock-Based Compensation Stock-based compensation includes share-settled awards issued pursuant to our 2017 Equity Incentive Plan in the form of restricted stock units, performance stock units, and restricted and other stock awards. Additionally, we recognize stock-based compensation expense for the discount on shares sold to employees through our Employee Stock Purchase Plan and for cash-settled stock appreciation rights. For the thirteen and twenty-six weeks ended July 30, 2022 and July 31, 2021, stock-based compensation expense was comprised of the following:
|  | Thirteen |  |  | Thirteen |  |  | Twenty-six |  |  | Twenty-six |
|  | Weeks Ended |  |  | Weeks Ended |  |  | Weeks Ended |  |  | Weeks Ended |
(In thousands) |  | July 30, 2022 |  |  | July 31, 2021 |  |  | July 30, 2022 |  |  | July 31, 2021 |
Share-settled equity awards |  | $ | 1,530 |  |  | $ | 1,381 |  |  | $ | 2,885 |  |  | $ | 2,521 |
Stock appreciation rights |  |  | (38 | ) |  |  | 74 |  |  |  | (161 | ) |  |  | 149 |
Employee stock purchase plan |  |  | 9 |  |  |  | 5 |  |  |  | 17 |  |  |  | 16 |
Total stock-based compensation expense |  | $ | 1,501 |  |  | $ | 1,460 |  |  | $ | 2,741 |  |  | $ | 2,686 |
Income tax effect at statutory rates |  | $ | (385 | ) |  | $ | (377 | ) |  | $ | (678 | ) |  | $ | (680 | )
Additional income tax benefit on vesting of share-settled awards |  | $ | (26 | ) |  | $ | (5 | ) |  | $ | (521 | ) |  | $ | (885 | )
As of July 30, 2022, approximately $10.5 million of unrecognized compensation expense remained related to our share-settled equity awards. The cost is expected to be recognized over a weighted average period of approximately 1.6 years. Share-Settled Equity Awards The following table summarizes transactions for our restricted stock units and performance stock units:
|  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value |
Outstanding at January 29, 2022 |  |  | 457,038 |  |  | $ | 16.54 |
Granted |  |  | 345,164 |  |  |  | 30.32 |
Vested |  |  | (176,425 | ) |  |  | 18.28 |
Forfeited |  |  | (25,103 | ) |  |  | 18.07 |
Outstanding at July 30, 2022 |  |  | 600,674 |  |  | $ | 23.88 |
The total fair value at grant date of restricted stock units and performance stock units that vested during the twenty-six weeks ended July 30, 2022 and July 31, 2021 was $3.2 million and $3.1 million, respectively. The weighted-average grant date fair value of restricted stock units and performance stock units granted during the twenty-six weeks ended July 31, 2021 was $28.21. The following table summarizes transactions for our restricted stock and other stock awards:
|  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value |
Outstanding at January 29, 2022 |  |  | 0 |  |  | $ | 0.00 |
Granted |  |  | 19,487 |  |  |  | 24.12 |
Vested |  |  | 0 |  |  |  | 0.00 |
Forfeited |  |  | 0 |  |  |  | 0.00 |
Outstanding at July 30, 2022 |  |  | 19,487 |  |  | $ | 24.12 |
No restricted stock and other stock awards vested during the twenty-six weeks ended July 30, 2022. The total fair value at grant date of restricted stock and other stock awards that vested during the twenty-six weeks ended July 31, 2021 was $26,000. The weighted-average grant date fair value of restricted stock and other stock awards granted during the twenty-six weeks ended July 31, 2021 was $32.65.

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