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Employee Stock Purchase Plan
12 Months Ended
Feb. 02, 2019
Stock-Based Compensation  
Employee Stock Purchase Plan

(13) Employee Stock Purchase Plan

 

In June 2015, the Company’s stockholders approved the Sportsman’s Warehouse Holdings, Inc. Employee Stock Purchase Plan (“ESPP”), which provides for the granting of up to 800 shares of the Company’s common stock to eligible employees. The ESPP period is semi-annual and allows participants to purchase the Company’s stock at 85% of the lower of (i) the market value per share of the common stock on the first day of the offering period or (ii) the market value per share of the common stock on the purchase date. The first plan period began on January 1, 2016. Stock-based compensation expense related to the ESPP in fiscal year 2018, 2017, and 2016 was $143,  $160, and $165, respectively.

 

The Company uses the Black-Scholes model to estimate the fair value of shares to be issued as of the grant date using the following weighted average assumptions:

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

Fiscal Year Ended

 

    

February 2, 2019

 

February 3, 2018

Risk-free interest rate

 

2.56%

 

1.53%

Expected life (in years)

 

0.5

 

0.5

Expected volatility

 

32.2%

 

45.3%

Dividend yield

 

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