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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 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

 

 

26 Weeks Ended

 

(in thousands)

 

July 29, 2022

 

 

July 30, 2021

 

 

July 29, 2022

 

 

July 30, 2021

 

Deferred awards

 

$

1,350

 

 

$

1,484

 

 

$

2,905

 

 

$

2,845

 

Performance awards

 

 

569

 

 

 

2,072

 

 

 

498

 

 

 

3,121

 

Option awards

 

 

 

 

 

 

 

 

 

 

103

 

Total stock-based compensation expense

 

$

1,919

 

 

$

3,556

 

 

$

3,403

 

 

$

6,069

 

 

Summary of Deferred Awards Activity

The following table provides a summary of the Deferred Awards activity for the 26 weeks ended July 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

 

 

(66

)

 

 

16.67

 

Unvested deferred awards as of July 29, 2022

 

 

830

 

 

 

17.38

 

Summary of Performance Awards Activity

The following table provides a summary of the Performance Awards activity for the 26 weeks ended July 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 (1)

 

 

248

 

 

 

20.65

 

Vested

 

 

(270

)

 

 

15.73

 

Forfeited or expired

 

 

(38

)

 

 

24.39

 

Unvested performance awards as of July 29, 2022

 

 

376

 

 

 

24.39

 

 

(1)

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