XML 37 R22.htm IDEA: XBRL DOCUMENT
v3.25.1

Stock Based Compensation | 12 Months Ended
--- | ---
Feb. 01, 2025
Stock Based Compensation [Abstract] |
Stock Based Compensation | 14. Stock Based Compensation: As of February 1, 2025, the Company’s 2018 Incentive Compensation Plan was available for the granting of various forms of equity-based awards, including restricted stock and stock options for grant to officers, directors and key employees. The following table presents the number of options and shares of restricted stock initially authorized and available for grant under this plan as of February 1, 2025: ` 2018 Plan Options and/or restricted stock initially authorized 4,725,000 Options and/or restricted stock available for grant: February 3, 2024 3,147,393 February 1, 2025 2,797,601 In accordance with ASC 718, the fair value of restricted stock awards is estimated on the date of grant based on the market price of the Company’s stock and is amortized to compensation expense on a straight-line basis over a five-year vesting period. As of February 1, 2025, there was $ 7,276,356 of total unrecognized compensation expense related to unvested restricted stock awards, which is expected to be recognized over a remaining weighted-average vesting period of 1.9 years. The total grant date fair value of the shares recognized as compensation expense during the twelve months ended February 1, 2025, February 3, 2024 and January 28, 2023 was $ 2,270,000 , $ 4,105,000 and $ 2,556,000 , respectively. The expenses are classified as a component of Selling, general and administrative expenses in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). The following summary shows the changes in the shares of unvested restricted stock outstanding during the years ended February 1, 2025, February 3, 2024 and January 28, 2023: ` Weighted Average Number of Grant Date Fair Shares Value Per Share Restricted stock awards at January 29, 2022 1,196,288 $ 13.76 Granted 319,441 13.70 Vested (231,638) 16.99 Forfeited or expired (224,658) 13.43 Restricted stock awards at January 28, 2023 1,059,433 $ 13.10 Granted 414,502 8.29 Vested (217,238) 13.97 Forfeited or expired (132,824) 11.73 Restricted stock awards at February 3, 2024 1,123,873 $ 11.32 Granted 386,900 4.80 Vested (232,696) 13.22 Forfeited or expired (62,896) 9.21 Restricted stock awards at February 1, 2025 1,215,181 $ 8.98 The Company’s Employee Stock Purchase Plan allows eligible full-time employees to purchase a limited number of shares of the Company’s Class A Common Stock during each semi-annual offering period at a 15 % discount through payroll deductions. During the twelve month period ended February 1, 2025, the Company sold 73,593 shares to employees at an average discount of $ 0.81 per share under the Employee Stock Purchase Plan. The compensation expense recognized for the 15 % discount given under the Employee Stock Purchase Plan was approximately $ 60,000 , $ 67,000 and $ 54,000 for fiscal years 2024, 2023 and 2022, respectively. These expenses are classified as a component of Selling, general and administrative expenses.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration