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STOCK-BASED COMPENSATION
3 Months Ended
May 01, 2021
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement [Text Block] STOCK-BASED COMPENSATION
The following table summarizes the Company’s stock-based compensation expense:
 Thirteen Weeks Ended
 May 1,
2021
May 2,
2020
(in thousands)
   Deferred Awards$3,579 $4,314 
   Performance Awards4,337 (3,729)
Total stock-based compensation expense (1)
$7,916 $585 
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(1)A portion of stock-based compensation is included in cost of sales. Approximately $1.0 million and $0.1 million during the First Quarter 2021 and the First Quarter 2020, respectively, were included in cost of sales. All other stock-based compensation is included in selling, general, and administrative expenses. 
Changes in the Company’s Unvested Stock Awards During First Quarter 2021
Deferred Awards
 Number of
Shares
Weighted
Average
Grant Date
Fair Value
 (in thousands) 
Unvested Deferred Awards, beginning of period550 $55.43 
Granted100 69.75 
Vested(60)74.99 
Forfeited(1)111.24 
Unvested Deferred Awards, end of period589 $55.73 

Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $19.8 million as of May 1, 2021, which will be recognized over a weighted average period of approximately 2.1 years.
Performance Awards
 
Number of
Shares (1)
Weighted
Average
Grant Date
Fair Value
 (in thousands) 
Unvested Performance Awards, beginning of period350 $74.37 
Granted144 73.73 
Shares earned in excess of (below) target(13)45.48 
Vested shares, including shares earned(20)77.86 
Unvested Performance Awards, at end of period461 $74.81 
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(1)For those awards in which the performance period is complete, the number of unvested shares is based on actual shares that will vest upon completion of the service period.
For those awards in which the performance period is not yet complete, the number of unvested shares in the table above is based on the participants earning their Target Shares at 100%. However, the cumulative expense recognized reflects changes in the probability that the performance criteria will be achieved as they occur. Based on the current number of Performance Awards expected to be earned, total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $17.0 million as of May 1, 2021, which will be recognized over a weighted average period of approximately 2.3 years.