Stock-Based Compensation (Tables)

9 Months Ended

Oct. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-Based Compensation Expense

The following table summarizes the Company’s stock-based compensation expense, which is primarily included in Selling and administrative expense in the Condensed Consolidated and Combined Statements of Comprehensive Income:



	13 Weeks Ended				39 Weeks Ended
(in thousands)	October 31, 2014		November 1, 2013		October 31, 2014		November 1, 2013
Performance Awards	$	1,086	$	—	$	1,804	$	—
Deferred Awards	86		—		150		—
Total stock-based compensation expense	$	1,172	$	—	$	1,954	$	—

Schedule of Unvested Stock Award Activity

Changes in the Company’s Unvested Stock Awards Year to Date October 31, 2014

Deferred Awards



	Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)
Unvested Deferred Awards, beginning of period	—		$	—
Granted	45		26.80
Forfeited	(3	)	26.73
Unvested Deferred Awards, end of period	42		26.81

Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $1.0 million as of October 31, 2014, which will be recognized over a weighted average period of approximately 2.6 years.

Performance Awards



	Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)
Unvested Performance Awards, beginning of period	—		$	—
Granted	300		27.30
Forfeited	(23	)	26.73
Unvested Performance Awards, end of period	277		27.35

Total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $5.8 million as of October 31, 2014, which will be recognized over a weighted average period of approximately 2.6 years.