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Stock-Based Compensation (Tables)
9 Months Ended
Oct. 28, 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

 

 

39 Weeks Ended

 

(in thousands)

 

October 28, 2022

 

 

October 29, 2021

 

 

October 28, 2022

 

 

October 29, 2021

 

Deferred awards

 

$

1,503

 

 

$

1,381

 

 

$

4,408

 

 

$

4,226

 

Performance awards (1)

 

 

(1,369

)

 

 

593

 

 

 

(871

)

 

 

3,714

 

Option awards

 

 

 

 

 

 

 

 

 

 

103

 

Total stock-based compensation expense

 

$

134

 

 

$

1,974

 

 

$

3,537

 

 

$

8,043

 

 

(1)

Net credit expense for the 13 and 39 weeks ended October 28, 2022 includes a reduction of the accrual for Performance Awards based on actual and projected results relative to performance measures.  

 

Summary of Deferred Awards Activity

Deferred Awards

 

The following table provides a summary of the Deferred Awards activity for the 39 weeks ended October 28, 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

 

 

387

 

 

 

20.26

 

Vested

 

 

(392

)

 

 

14.12

 

Forfeited or expired

 

 

(69

)

 

 

16.64

 

Unvested deferred awards as of October 28, 2022

 

 

839

 

 

$

17.27

 

Summary of Performance Awards Activity

Performance Awards

 

The following table provides a summary of the Performance Awards activity for the 39 weeks ended October 28, 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

 

 

(38

)

 

 

24.39

 

Unvested performance awards as of October 28, 2022

 

 

376

 

 

$

24.39

 

 

(2)

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