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Stock-Based Compensation (Tables)

3 Months Ended

Apr. 29, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock-Based Compensation Expense

The following table provides a summary of the Company’s stock-based compensation expense, which is included in Selling and administrative expense in the Condensed Consolidated Statements of Operations:

		13 Weeks Ended
(in thousands)		April 29, 2022				April 30, 2021
Deferred awards		$	1,555			$	1,361
Performance awards (1)			(71	)			1,049
Option awards		—					103
Total stock-based compensation expense		$	1,484			$	2,513

⁽¹⁾ Net credit expense for the 13 weeks ended April 29, 2022 includes the reduction of the accrual for Performance Awards granted during First Quarter 2021 from 186% payout as of January 28, 2022 to 114% payout based on actual and projected results relative to performance measures.

Summary of Deferred Awards Activity

The following table provides a summary of the Deferred Awards activity for the 13 weeks ended April 29, 2022:

		Deferred Awards
(in thousands, except per share amounts)		Number of Shares				Weighted Average Grant Date Fair Value per Share
Unvested deferred awards as of January 28, 2022			913			$	14.60
Granted			373				20.65
Vested			(390	)			14.13
Forfeited or expired			—				—
Unvested deferred awards as of April 29, 2022			896				17.32

Summary of Performance Awards Activity

The following table provides a summary of the Performance Awards activity for the 13 weeks ended April 29, 2022:

		Performance Awards
(in thousands, except per share amounts)		Number of Shares				Weighted Average Grant Date Fair Value per Share
Unvested performance awards as of January 28, 2022			436			$	21.15
Granted (2)			248				20.65
Vested			(270	)			15.73
Forfeited or expired			—				—
Unvested performance awards as of April 29, 2022			414				24.39

⁽²⁾ Performance shares granted assume achievement performance at 100% of target.

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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-Name Accounting Standards Codification
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Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

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-Name Accounting Standards Codification
-Topic 718
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