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Stock-Based Compensation | 9 Months Ended
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Nov. 01, 2025
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | (12) Stock-Based Compensation Stock-Based Compensation During the 13 and 39 weeks ended November 1, 2025, the Company recognized total stock-based compensation expense of $780 and $2,400, respectively. During the 13 and 39 weeks ended November 2, 2024, the Company recognized total stock-based compensation expense of $1,047 and $3,438, respectively. Compensation expense related to the Company’s stock-based payment awards is recognized in selling, general, and administrative expenses in the condensed consolidated statements of operations. Employee Stock Plan As of November 1, 2025, the number of shares available for awards under the Amended and Restated 2019 Performance Incentive Plan (as amended and restated, the “Amended 2019 Plan”) was 1,649. As of November 1, 2025, there were 2,149 unvested stock awards outstanding under the 2019 Plan. Employee Stock Purchase Plan The Company also maintains an Amended and Restated Employee Stock Purchase Plan (the “ESPP”) that was approved by the Company’s stockholders in fiscal year 2015, under which 1,600 shares of common stock were authorized. During the 13 weeks ended November 1, 2025, no shares were issued under the ESPP and, as of November 1, 2025, the number of shares available for issuance was 728. Nonvested Performance-Based Stock Awards During the 13 and 39 weeks ended November 1, 2025, the Company issued 125 nonvested performance-based stock awards to employees at a weighted average grant date fair value of $2.84 and $2.84 per share, respectively. During the 13 weeks ended November 2, 2024, the Company did no t issue any nonvested performance-based stock awards to employees. During the 39 weeks ended November 2, 2024, the Company issued 874 nonvested performance-based stock awards to employees at a weighted average grant date fair value of $3.09 per share. T he nonvested performance-based stock awards issued to employees vest in full on the third anniversary of the grant date. The number of shares issued was contingent on management achieving a fiscal year 2024 performance target for earnings before interest, taxes, depreciation and amortization expenses. If a minimum threshold performance target is not achieved, no shares would vest. The maximum number of shares subject to the award was 874. Following the end of the performance period for fiscal year 2024, the fiscal year performance targets were not met and all shares were forfeited as of February 1, 2025. 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 1, 2025 |  |  | 12 |  |  | $ | 8.40 |
Grants |  |  | 125 |  |  |  | 2.84 |
Forfeitures |  |  | (12 | ) |  |  | 8.40 |
Vested |  |  | — |  |  |  | — |
Balance at November 1, 2025 |  |  | 125 |  |  | $ | 2.84 |
|  |  |  |  | Weighted |
|  |  |  |  | average |
|  |  |  |  | grant-date |
|  | Shares |  |  | fair value |
Balance at February 3, 2024 |  |  | 30 |  |  | $ | 9.03 |
Grants |  |  | 874 |  |  |  | 3.09 |
Forfeitures |  |  | (121 | ) |  |  | 3.09 |
Vested |  |  | — |  |  |  | — |
Balance at November 2, 2024 |  |  | 783 |  |  | $ | 3.32 |
Nonvested Stock Unit Awards During the 13 and 39 weeks ended November 1, 2025, the Company issued 205 and 1,354 nonvested stock units to employees and directors at a weighted average grant date fair value of $2.89 and $1.52 per share, respectively. The shares issued to employees of the Company vest over a three-year period with one third of the shares vesting on each anniversary of the grant date. The shares issued to directors of the Company vest over a 12-month period with one-twelfth of the shares vesting each month. During the 13 weeks ended November 2, 2024, the Company did no t issue any nonvested stock units to employees or directors. During the 39 weeks ended November 2, 2024, the Company issued 1,354 nonvested stock units to employees and directors at a weighted average grant date fair value of $3.12 per share. The following table sets forth the rollforward of outstanding nonvested stock units (per share amounts are not in thousands):
|  |  |  |  | Weighted |
|  |  |  |  | average |
|  |  |  |  | grant-date |
|  | Shares |  |  | fair value |
Balance at February 1, 2025 |  |  | 1,700 |  |  | $ | 4.01 |
Grants |  |  | 1,354 |  |  |  | 1.52 |
Forfeitures |  |  | (245 | ) |  |  | 2.36 |
Vested |  |  | (785 | ) |  |  | 3.97 |
Balance at November 1, 2025 |  |  | 2,024 |  |  | $ | 2.54 |
|  |  |  |  | Weighted |
|  |  |  |  | average |
|  |  |  |  | grant-date |
|  | Shares |  |  | fair value |
Balance at February 3, 2024 |  |  | 1,058 |  |  | $ | 7.13 |
Grants |  |  | 1,354 |  |  |  | 3.12 |
Forfeitures |  |  | (147 | ) |  |  | 6.12 |
Vested |  |  | (434 | ) |  |  | 7.31 |
Balance at November 2, 2024 |  |  | 1,831 |  |  | $ | 4.18 |

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