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STOCK-BASED COMPENSATION
6 Months Ended
Aug. 02, 2025
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The Company generally grants time-vesting stock awards (“Deferred Awards”) and performance-based stock awards (“Performance Awards”) to employees at senior management levels. The Company also grants Deferred Awards to its non-employee independent directors.
The following table summarizes the Company’s stock-based compensation expense (benefit):
 Thirteen Weeks EndedTwenty-six Weeks Ended
 August 2,
2025
August 3,
2024
August 2,
2025
August 3,
2024
(in thousands)
Deferred Awards$467 $(589)$1,706 $1,829 
Performance Awards
464 (659)971 9,532 
Total stock-based compensation expense (benefit) (1)
$931 $(1,248)$2,677 $11,361 
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(1)Stock-based compensation expense (benefit) recorded within Cost of sales (exclusive of depreciation and amortization) amounted to $0.2 million and $0.1 million in the Second Quarter 2025 and Second Quarter 2024, respectively, and $0.4 million and $1.1 million in Year-To-Date 2025 and Year-To-Date 2024, respectively. All other stock-based compensation expense (benefit) is included in Selling, general, and administrative expenses.
During Fiscal 2024, there was a change of control of the Company, which triggered a conversion of all then-outstanding Performance Awards into service-based Performance Awards in accordance with their terms. As a result, the fiscal year 2023, fiscal year 2022, and fiscal year 2021 Performance Awards will all vest or have vested, as applicable, at their target shares on their respective vesting dates without regard to the achievement of any of the performance metrics associated with those awards, provided that the recipient be employed at the Company on each such vesting date. The incremental expense recorded for Performance Awards during Year-To-Date 2024 due to the change of control was $9.9 million.