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Stock-Based Compensation (Tables)

3 Months Ended

Apr. 28, 2023

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 28, 2023				April 29, 2022
Deferred awards		$	979			$	1,555
Performance awards (1)			—				(71	)
Option awards			104				—
Total stock-based compensation expense		$	1,083			$	1,484

(1)For the 13 weeks ended April 28, 2023 based on actual and projected results relative to performance measures the Company is not recording an accrual for unvested Performance Awards. Net credit expense for the 13 weeks ended April 29, 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

The following table provides a summary of the Deferred Awards activity for the 13 weeks ended April 28, 2023:

		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 27, 2023			906			$	16.46
Granted			—				—
Vested			(406	)			12.39
Forfeited or expired			(65	)			21.00
Unvested deferred awards as of April 28, 2023			435			$	19.57

Summary of Performance Awards Activity

The following table provides a summary of the Performance Awards activity for the 13 weeks ended April 28, 2023:

		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 27, 2023			355			$	24.39
Granted			—				—
Vested			—				—
Forfeited or expired			(55	)			24.33
Unvested performance awards as of April 28, 2023			300			$	24.40

T

Summary of Information about Option Awards Vested and Expected to Vest

The following table provides a summary of information about the Option Awards vested and expected to vest during the contractual term, as well as Option Awards exercisable as of April 28, 2023:

(in thousands, except per share and contractual life amounts)		Option Awards				Weighted Average Remaining Contractual Life (Years)				Weighted Average Exercise Price				Aggregate Intrinsic Value
Option Awards vested and expected to vest			511				5.74			$	16.08				—
Option Awards exercisable			343				3.88			$	18.66				—

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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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Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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