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Stock-Based Compensation (Tables)
3 Months Ended
May 02, 2025
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

 

(in thousands)

 

May 2, 2025

 

 

May 3, 2024

 

Deferred awards

 

$

818

 

 

$

922

 

Performance awards (1)

 

 

(2

)

 

 

200

 

Option awards

 

 

104

 

 

 

104

 

Total stock-based compensation expense

 

$

920

 

 

$

1,226

 

 

(1)
Net credit expense for the 13 weeks ended May 2, 2025 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 May 2, 2025:

 

 

 

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 31, 2025

 

 

757

 

 

$

10.63

 

Granted

 

 

321

 

 

 

11.16

 

Vested

 

 

(125

)

 

 

15.70

 

Forfeited or expired

 

 

(57

)

 

 

9.25

 

Unvested Deferred Awards as of May 2, 2025

 

 

896

 

 

$

10.21

 

Summary of Performance Awards Activity

The following table provides a summary of the Performance Awards activity for the 13 weeks ended May 2, 2025:

 

 

 

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 31, 2025

 

 

692

 

 

$

10.99

 

Granted

 

 

780

 

 

 

10.39

 

Change in estimate - performance

 

 

(65

)

 

 

 

Vested

 

 

 

 

 

 

Forfeited or expired

 

 

(58

)

 

 

10.02

 

Unvested Performance Awards as of May 2, 2025

 

 

1,349

 

 

$

10.21

 

Summary of Changes in Outstanding Options Awards

The following table provides a summary of the Option Awards activity for the 13 weeks ended May 2, 2025:

 

 

 

Option Awards

 

(in thousands, except per share amounts)

 

Number of
Shares

 

 

Weighted Average
Grant Date Fair Value
per Share

 

Option Awards outstanding as of January 31, 2025

 

 

217

 

 

$

13.34

 

Granted

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Option Awards outstanding as of May 2, 2025

 

 

217

 

 

$

13.34

 

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 May 2, 2025:

 

(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

 

 

217

 

 

 

6.27

 

 

$

13.34

 

 

$

-

 

Option Awards exercisable

 

 

133

 

 

 

5.48

 

 

$

14.93

 

 

$

-