XML 36 R20.htm IDEA: XBRL DOCUMENT
v3.23.3

Share-Based Compensation | 9 Months Ended
--- | ---
Oct. 28, 2023
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation Our share-based compensation expense, by award type, consists of the following (in thousands):
| Three Months Ended |  | Nine Months Ended
| October 28, 2023 |  | October 29, 2022 |  | October 28, 2023 |  | October 29, 2022
Restricted stock units | $ | 599 |  |  | $ | 644 |  |  | $ | 1,730 |  |  | $ | 1,398 |
Restricted stock awards | 279 |  |  | 1,610 |  |  | 1,979 |  |  | 4,900 |
Performance stock units | 156 |  |  | 192 |  |  | 543 |  |  | 302 |
Stock options | 389 |  |  | 351 |  |  | 1,104 |  |  | 714 |
Restricted cash units | 82 |  |  | — |  |  | 439 |  |  | — |
Employee stock purchase plan | 80 |  |  | 116 |  |  | 186 |  |  | 254 |
Share-based compensation before income taxes | 1,585 |  |  | 2,913 |  |  | 5,981 |  |  | 7,568 |
Income tax detriment (benefit) | 299 |  |  | (153) |  |  | (123) |  |  | (120) |
Net share-based compensation expense | $ | 1,884 |  |  | $ | 2,760 |  |  | $ | 5,858 |  |  | $ | 7,448 |
RSUs Restricted stock unit ("RSU") activity, including Performance stock units ("PSUs"), consists of the following (in thousands, except per share amounts):
| Shares |  | Weighted average grant date fair value per share
Nonvested, January 28, 2023 | 1,386 |  |  | $ | 6.55 |
Granted | 1,204 |  |  | $ | 2.88 |
Vested | (219) |  |  | $ | 9.23 |
Forfeited | (488) |  |  | $ | 5.90 |
Nonvested, October 28, 2023 | 1,883 |  |  | $ | 4.06 |
As of the end of the third quarter of fiscal year 2023, unrecognized compensation expense related to unvested RSUs, including PSUs, was $5.8 million, which is expected to be recognized over a weighted average period of approximately 2.6 years. Restricted Stock Awards Restricted stock award activity consists of the following (in thousands, except per share amounts):
| Shares |  | Weighted average grant date fair value per share
Nonvested, January 28, 2023 | 211 |  |  | $ | 27.00 |
Granted | — |  |  |
Vested | (100) |  |  | $ | 27.00 |
Forfeited | (104) |  |  | $ | 27.00 |
Nonvested, October 28, 2023 | 7 |  |  | $ | 27.00 |
As of the end of the third quarter of fiscal year 2023, unrecognized compensation expense related to unvested restricted stock awards was $0.2 million, which is expected to be recognized over a weighted average period of approximately 1.2 years. Stock Options Stock option activity consists of the following (in thousands, except per share and contractual life amounts):
| Shares |  | Weighted average exercise price per share |  | Weighted average remaining contractual life (years) |  | Aggregate intrinsic value
Outstanding, January 28, 2023 | 1,444 |  |  | $ | 7.38 |  |  | 9.4 |  | $ | 115 |
Granted | 1,500 |  |  | $ | 3.16 |  |  |  |  |
Exercised | — |  |  |  |  |  |  |
Forfeited | (582) |  |  | $ | 6.09 |  |  |  |  |
Outstanding, October 28, 2023 | 2,362 |  |  | $ | 5.02 |  |  | 9.1 |  | $ | — |
Exercisable, October 28, 2023 | 266 |  |  | $ | 9.63 |  |  | 8.3 |  | $ | — |
As of the end of the third quarter of fiscal year 2023, unrecognized compensation expense related to unvested stock options was $4.7 million, which is expected to be recognized over a weighted average period of approximately 3.2 years. RCUs Restricted cash units ("RCUs") are awarded to certain employees, non-employee directors and consultants and represent the right to receive a cash payment at the end of a vesting period, subject to the employee's continued employment or service as a director or consultant. In general, RCUs vest in equal installments each year over 4 years. RCUs are cash-settled with the value of each vested RCU equal to the lower of the closing price per share of our common stock on the vesting date or a specified per share price cap. We determined that RCUs are in-substance liabilities accounted for as liability instruments in accordance with ASC 718, Compensation—Stock Compensation, due to this cash settlement feature. RCUs are remeasured based on the closing price per share of our common stock at the end of each reporting period. As of the end of the third quarter of fiscal year 2023, the liability associated with unvested RCUs was $0.4 million, which is included in accrued and other current liabilities in the condensed consolidated balance sheet.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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