XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.24.3

Stock-Based Compensation | 9 Months Ended
--- | ---
Nov. 02, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Stock-Based Compensation | Note 6 - Stock-Based Compensation On June 20, 2023, our shareholders approved the Shoe Carnival, Inc. Amended and Restated 2017 Equity Incentive Plan (the “Amended 2017 Plan”). Pursuant to the amendment and restatement, the number of shares of our common stock that are available for issuance under the Amended 2017 Plan was increased by 1.8 million additional shares, the term of the plan was extended by an additional ten years from the date of shareholder approval, and certain other design changes were made to the plan. As of November 2, 2024, there were 1,703,287 sh ares available for issuance under the Amended 2017 Plan, assuming that all outstanding performance stock units where the performance condition has not been satisfied vest at the maximum level of performance. Stock-based compensation includes share-settled awards issued pursuant to the Amended 2017 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 November 2, 2024 and October 28, 2023, stock-based compensation expense was comprised of the following:
(In thousands) |  | Thirteen Weeks Ended November 2, 2024 |  |  | Thirteen Weeks Ended October 28, 2023 |  |  | Thirty-nine Weeks Ended November 2, 2024 |  |  | Thirty-nine Weeks Ended October 28, 2023 |
Share-settled equity awards |  | $ | 1,623 |  |  | $ | 1,242 |  |  | $ | 4,926 |  |  | $ | 3,566 |
Stock appreciation rights |  |  | 0 |  |  |  | (26 | ) |  |  | 221 |  |  |  | (43 | )
Employee stock purchase plan |  |  | 7 |  |  |  | 6 |  |  |  | 57 |  |  |  | 25 |
Total stock-based compensation expense |  | $ | 1,630 |  |  | $ | 1,222 |  |  | $ | 5,204 |  |  | $ | 3,548 |
Income tax effect at statutory rates |  | $ | (397 | ) |  | $ | (341 | ) |  | $ | (1,266 | ) |  | $ | (863 | )
Additional income tax benefit on vesting of share-settled awards |  | $ | 0 |  |  | $ | (1 | ) |  | $ | (109 | ) |  | $ | (617 | )
As of November 2, 2024, approximately $9.2 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 February 3, 2024 |  |  | 579,307 |  |  | $ | 27.04 |
Granted |  |  | 338,773 |  |  |  | 32.06 |
Vested |  |  | (46,333 | ) |  |  | 30.17 |
Forfeited/Unearned |  |  | (164,087 | ) |  |  | 24.98 |
Outstanding at November 2, 2024 |  |  | 707,660 |  |  | $ | 29.72 |
The total fair value at grant date of restricted stock units and performance stock units that vested during the thirty-nine weeks ended November 2, 2024 and October 28, 2023 was $1.4 million and $4.8 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 28, 2023 was $24.98. There were 159,954 shares that were not earned because the performance condition for performance stock units granted in Fiscal 2023 was not satisfied. The following table summarizes transactions for our restricted stock and other stock awards:
|  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value |
Outstanding at February 3, 2024 |  |  | 0 |  |  | $ | 0.00 |
Granted |  |  | 12,760 |  |  |  | 36.84 |
Vested |  |  | 0 |  |  |  | 0.00 |
Forfeited |  |  | 0 |  |  |  | 0.00 |
Outstanding at November 2, 2024 |  |  | 12,760 |  |  | $ | 36.84 |
No restricted stock or other stock awards vested during the thirty-nine weeks ended November 2, 2024 or October 28, 2023. The weighted average grant date fair value of restricted stock awards granted during the thirty-nine weeks ended October 28, 2023 was $21.90.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration