(12) Stock-Based Compensation

Stock-Based Compensation

The Company recognized total stock-based compensation expense, including expense relating to the employee stock purchase plan, of $2,826, $2,294, and $3,186, during fiscal years 2018, 2017, and 2016, respectively. Compensation expense related to the Company's stock-based payment awards is recognized in selling, general, and administrative expenses in the consolidated statements of income. As of February 2, 2019, and February 3, 2018, respectively, the Company had $2,692 and $3,963 remaining in unrecognized compensation costs, respectively.

Employee Stock Plans

As of February 2, 2019, the number of shares available for awards under the 2013 Performance Incentive Plan (the “2013 Plan”) was 422. As of February 2, 2019, there were 505 awards outstanding under the 2013 Plan. All shares granted during the current year were newly issued shares. All subsequent awards were, and all future awards are expected to be, granted under the 2013 Plan.

Nonvested Restricted Stock Awards

During the fiscal years 2018 and 2017, the Company did not issue any nonvested restricted stock awards to employees.

The following table sets forth the rollforward of outstanding nonvested stock awards (per share amounts are not in thousands):


		Weighted
		average
		grant-date
	Shares	fair value
Balance at February 3, 2018	108	$	11.25
Grants	—		—
Forfeitures	2		11.25
Vested	80		11.25
Balance at February 2, 2019	26	$	11.25

		Weighted
		average
		grant-date
	Shares	fair value
Balance at January 28, 2017	162	$	11.25
Grants	—		—
Forfeitures	—		—
Vested	54		11.25
Balance at February 3, 2018	108	$	11.25

Nonvested Performance-Based Stock Awards

During fiscal year 2018, the Company issued 163 nonvested performance-based stock awards to employees at a weighted average grant date fair value of $4.91 per share. The nonvested performance-based stock awards issued to employees vest at the end of three years. The number of shares issued is contingent on management achieving a fiscal year 2018 performance target for same store sales and gross margin. Based on the performance conditions met for 2018, the finalized granted awards were 36 as presented in the table below.

During fiscal year 2017 the Company did not issue any nonvested performance-based stock awards to employees.

The following table sets forth the rollforward of outstanding nonvested performance-based stock awards (per share amounts are not in thousands):


		Weighted
		average
		grant-date
	Shares	fair value
Balance at February 3, 2018	49	$	11.25
Grants	36		4.91
Forfeitures	5		5.36
Vested	46		11.25
Balance at February 2, 2019	34	$	6.07

		Weighted
		average
		grant-date
	Shares	fair value
Balance at January 28, 2017	73	$	11.25
Grants	—		—
Forfeitures	—		—
Vested	24		11.25
Balance at February 3, 2018	49	$	11.25

Nonvested Stock Unit Awards

During the fiscal year 2018, the Company issued 330 nonvested stock units to employees of the Company and independent members of the Board of Directors at a weighted average grant date fair value of $4.89 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth vesting each month from the grant date. The shares issued to employees of the Company vest over a three year period with one third of the shares vesting on each grant date anniversary.

During the fiscal year 2017, the Company issued 456 nonvested stock units to employees of the Company and independent members of the Board of Directors at a weighted average grant date fair value of $5.09 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth vesting each month from the grant date. The shares issued to employees of the Company vest over a three year period with one third of the shares vesting on each grant date anniversary.

The following table sets forth the rollforward of outstanding nonvested stock units:


		Weighted
		average
		grant-date
	Shares	fair value
Balance at February 3, 2018	419	$	5.15
Grants	330		4.89
Forfeitures	8		4.91
Vested	300		5.23
Balance at February 2, 2019	441	$	4.92

		Weighted
		average
		grant-date
	Shares	fair value
Balance at January 28, 2017	301	$	7.17
Grants	456		5.09
Forfeitures	1		7.06
Vested	337		6.87
Balance at February 3, 2018	419	$	5.15

As of February 2, 2019, and February 3, 2018, the weighted average grant date fair value of the outstanding shares was $4.92 and $5.15, respectively.