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Stock-Based Compensation | 9 Months Ended
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Oct. 29, 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 thirty-nine weeks ended October 29, 2022 and October 30, 2021, stock-based compensation expense was comprised of the following:
|  | Thirteen Weeks Ended |  |  | Thirteen Weeks Ended |  |  | Thirty-nine Weeks Ended |  |  | Thirty-nine Weeks Ended |
(In thousands) |  | October 29, 2022 |  |  | October 30, 2021 |  |  | October 29, 2022 |  |  | October 30, 2021 |
Share-settled equity awards |  | $ | 1,780 |  |  | $ | 1,356 |  |  | $ | 4,665 |  |  | $ | 3,876 |
Stock appreciation rights |  |  | 6 |  |  |  | 71 |  |  |  | (155 | ) |  |  | 220 |
Employee stock purchase plan |  |  | 9 |  |  |  | 5 |  |  |  | 26 |  |  |  | 22 |
Total stock-based compensation expense |  | $ | 1,795 |  |  | $ | 1,432 |  |  | $ | 4,536 |  |  | $ | 4,118 |
Income tax effect at statutory rates |  | $ | (460 | ) |  | $ | (356 | ) |  | $ | (1,138 | ) |  | $ | (1,036 | )
Additional income tax benefit on vesting of share-settled awards |  | $ | (6 | ) |  | $ | (107 | ) |  | $ | (527 | ) |  | $ | (992 | )
As of October 29, 2022, approximately $9.3 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 1.4 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 |  |  | (178,425 | ) |  |  | 18.26 |
Forfeited |  |  | (25,103 | ) |  |  | 18.07 |
Outstanding at October 29, 2022 |  |  | 598,674 |  |  | $ | 23.91 |
The total fair value at grant date of restricted stock units and performance stock units that vested during the thirty-nine weeks ended October 29, 2022 and October 30, 2021 was $3.3 million and $3.7 million, respectively. The weighted-average grant date fair value of restricted stock units and performance stock units granted during the thirty-nine weeks ended October 30, 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 October 29, 2022 |  |  | 19,487 |  |  | $ | 24.12 |
No restricted stock and other stock awards vested during the thirty-nine weeks ended October 29, 2022. The total fair value at grant date of restricted stock and other stock awards that vested during the thirty-nine weeks ended October 30, 2021 was $26,000. The weighted-average grant date fair value of restricted stock and other stock awards granted during the thirty-nine weeks ended October 30, 2021 was $32.79.

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