XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.23.2

Stock-Based Compensation (Tables) | 6 Months Ended
--- | ---
Jul. 28, 2023
Share-Based Payment Arrangement [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 28, 2023 |  |  | July 29, 2022 |  |  | July 28, 2023 |  |  | July 29, 2022 |
Deferred awards |  | $ | 1,242 |  |  | $ | 1,350 |  |  | $ | 2,221 |  |  | $ | 2,905 |
Performance awards |  |  | (536 | ) |  |  | 569 |  |  |  | (536 | ) |  |  | 498 |
Option awards |  |  | 104 |  |  |  | — |  |  |  | 208 |  |  |  | — |
Total stock-based compensation expense |  | $ | 810 |  |  | $ | 1,919 |  |  | $ | 1,893 |  |  | $ | 3,403 |
Summary of Deferred Awards Activity | The following table provides a summary of the Deferred Awards activity for the 26 weeks ended July 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 |  |  | 836 |  |  |  | 8.54 |
Vested |  |  | (410 | ) |  |  | 12.35 |
Forfeited or expired |  |  | (74 | ) |  |  | 20.68 |
Unvested deferred awards as of July 28, 2023 |  |  | 1,258 |  |  | $ | 12.28 |
Summary of Performance Awards Activity | The following table provides a summary of the Performance Awards activity for the 26 weeks ended July 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 |  |  | 567 |  |  |  | 9.74 |
Vested |  |  | — |  |  |  | — |
Forfeited or expired |  |  | (55 | ) |  |  | 24.33 |
Unvested performance awards as of July 28, 2023 |  |  | 867 |  |  | $ | 14.81 |
Schedule of Grand Date Fair Value of Option Award Granted | The fair value for the Performance Awards granted during the 26 weeks ended July 28, 2023, which includes a relative TSR modifier, was estimated on the grant date using a Monte Carlo simulation with the below noted assumptions:
Monte Carlo Simulation Assumptions |  |  |
Risk-free interest rate (1) |  |  | 4.46 | %
Expected dividend yield |  |  | 0.00 | %
Expected volatility (2) |  |  | 78.04 | %
Expected term (in years) (3) |  |  | 2.63 |
Grant date fair value per share | $ |  | 9.74 |
(1) The risk-free interest is based on the continuously compounded yield on a zero-coupon U.S. Treasury STRIPS as of the grant date for a period equal to the expected term. (2) The expected volatility is estimated based on the historical volatility of the Company’s common stock with a term consistent with the expected term of the performance award. (3) The expected term (in years) of the performance award represents the estimated period of time from the grant date to the end of the performance period.
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 July 28, 2023:
(in thousands, except contractual life and exercise price amounts) |  | Option Awards |  |  | Weighted Average Remaining Contractual Life (Years) |  |  | Weighted Average Exercise Price |  |  | Aggregate Intrinsic Value |
Option Awards vested and expected to vest |  |  | 511 |  |  |  | 5.49 |  |  | $ | 16.08 |  |  |  | — |
Option Awards exercisable |  |  | 343 |  |  |  | 3.63 |  |  | $ | 18.66 |  |  |  | — |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration