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Stock-Based Compensation (Tables) | 12 Months Ended
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Feb. 03, 2024
Schedule of Stock-based Compensation Expense | For fiscal years 2023, 2022 and 2021, stock-based compensation expense was comprised of the following:
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Share-settled equity awards |  | $ | 4,897 |  |  | $ | 5,542 |  |  | $ | 5,234 |
Stock appreciation rights |  |  | (42 | ) |  |  | (141 | ) |  |  | 269 |
Employee stock purchase plan |  |  | 32 |  |  |  | 33 |  |  |  | 28 |
Total stock-based compensation expense |  | $ | 4,887 |  |  | $ | 5,434 |  |  | $ | 5,531 |
Income tax benefit at statutory rates |  | $ | 1,189 |  |  | $ | 1,368 |  |  | $ | 1,399 |
Additional income tax benefit on vesting of share-settled awards |  | $ | 846 |  |  | $ | 562 |  |  | $ | 992 |
Summary of Restricted Stock Awards Transactions | 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 28, 2023 |  |  | 0 |  |  | $ | 0.00 |
Granted |  |  | 21,462 |  |  |  | 21.90 |
Vested |  |  | (21,462 | ) |  |  | 21.90 |
Outstanding at February 3, 2024 |  |  | 0 |  |  | $ | 0.00 |
Summary of SARs Activity | The following table summarizes SARs activity:
|  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (Years) |
Outstanding at January 28, 2023 |  |  | 76,000 |  |  | $ | 30.94 |  |  |  |
Granted |  |  | 0 |  |  |  | 0.00 |  |  |  |
Forfeited |  |  | (7,800 | ) |  |  | 30.94 |  |  |  |
Exercised |  |  | 0 |  |  |  | 0.00 |  |  |  |
Outstanding at February 3, 2024 |  |  | 68,200 |  |  | $ | 30.94 |  |  |  | 0.2 |
Schedule of SARs Assumptions | The fair value was estimated using a trinomial lattice model with the following assumptions:
|  | February 3, 2024 |  |  | January 28, 2023 |
Risk free interest rate yield curve |  | 3.99%-5.49% |  |  | 3.62%-4.68% |
Expected dividend yield |  |  | 1.8 | % |  | 1.3% |
Expected volatility |  |  | 47.54 | % |  |  | 65.42 | %
Maximum life |  | 0.2 Years |  |  | 1.2 Years |
Exercise multiple |  |  | 1.03 |  |  |  | 1.03 |
Maximum payout |  | $ | 5.00 |  |  | $ | 5.00 |
Employee exit rate |  | 2.2% - 9.0% |  |  | 2.2% - 9.0% |
Share-settled Equity Awards |
Summary of Restricted Stock Awards Transactions | 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 28, 2023 |  |  | 560,323 |  |  | $ | 23.27 |
Granted |  |  | 380,653 |  |  |  | 24.99 |
Vested |  |  | (284,427 | ) |  |  | 16.83 |
Forfeited |  |  | (77,242 | ) |  |  | 27.12 |
Outstanding at February 3, 2024 |  |  | 579,307 |  |  | $ | 27.04 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock appreciation rights, including, but not limited to: (a) expected term of share rights and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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