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Basis of Presentation (Tables) | 6 Months Ended
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Jul. 30, 2022
Accounting Policies [Abstract] |
Other Comprehensive Income (Loss) and Reclassifications from AOCI | Other comprehensive income (loss) includes amounts related to foreign currency and pension plans and is reported in the Consolidated Statements of Comprehensive Income (Loss). Other comprehensive income (loss) and reclassifications from AOCI for the three and six months ended July 30, 2022 and July 31, 2021, respectively, were as follows:
|  | July 30, 2022 |  |  | July 31, 2021 |
For the three months ended: |  | (in thousands) |
|  | Pension Plans |  |  | Foreign Currency |  |  | Total |  |  | Pension Plans |  |  | Foreign Currency |  |  | Total |
Balance at beginning of the quarter |  | $ | (5,399 | ) |  | $ | (63 | ) |  | $ | (5,462 | ) |  | $ | (6,146 | ) |  | $ | (22 | ) |  | $ | (6,168 | )
Other comprehensive income (loss) before reclassifications, net of taxes |  |  | 76 |  |  |  | (3 | ) |  |  | 73 |  |  |  | 90 |  |  |  | (17 | ) |  |  | 73 |
Amounts reclassified from accumulated other comprehensive income, net of taxes (1) |  |  | (8 | ) |  |  | — |  |  |  | (8 | ) |  |  | (12 | ) |  |  | — |  |  |  | (12 | )
Other comprehensive income (loss) for the period |  |  | 68 |  |  |  | (3 | ) |  |  | 65 |  |  |  | 78 |  |  |  | (17 | ) |  |  | 61 |
Balance at end of quarter |  | $ | (5,331 | ) |  | $ | (66 | ) |  | $ | (5,397 | ) |  | $ | (6,068 | ) |  | $ | (39 | ) |  | $ | (6,107 | )
|  | July 30, 2022 |  |  | July 31, 2021 |
For the six months ended: |  | (in thousands) |
|  | Pension Plans |  |  | Foreign Currency |  |  | Total |  |  | Pension Plans |  |  | Foreign Currency |  |  | Total |
Balance at beginning of fiscal year |  | $ | (5,466 | ) |  | $ | (59 | ) |  | $ | (5,525 | ) |  | $ | (6,224 | ) |  | $ | 3 |  |  | $ | (6,221 | )
Other comprehensive income (loss) before reclassifications, net of taxes |  |  | 155 |  |  |  | (7 | ) |  |  | 148 |  |  |  | 180 |  |  |  | (42 | ) |  |  | 138 |
Amounts reclassified from accumulated other comprehensive income, net of taxes (1) |  |  | (20 | ) |  |  | — |  |  |  | (20 | ) |  |  | (24 | ) |  |  | — |  |  |  | (24 | )
Other comprehensive income (loss) for the period |  |  | 135 |  |  |  | (7 | ) |  |  | 128 |  |  |  | 156 |  |  |  | (42 | ) |  |  | 114 |
Balance at end of quarter |  | $ | (5,331 | ) |  | $ | (66 | ) |  | $ | (5,397 | ) |  | $ | (6,068 | ) |  | $ | (39 | ) |  | $ | (6,107 | )
(1) Includes the amortization of the unrecognized loss on pension plans, which was charged to “Selling, General and Administrative” Expense on the Consolidated Statements of Operations for all periods presented. The Company recognized income of $8,000 and $12,000 for the three months ended July 30, 2022 and July 31, 2021, respectively, and income of $20,000 and $24,000 for the three months ended July 30, 2022 and July 31, 2021, respectively, as a result of a change in amortization from average remaining future service to average remaining lifetime. There was no related tax effect for the three and six months ended July 30, 2022 and July 31, 2021.
Valuation Assumptions for Stock Options | The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option-pricing model based on the assumptions in the table below as it relates to stock options granted during the first six months of fiscal 2022 and fiscal 2021.
|  | July 30, 2022 |  |  | July 31, 2021 |
Expected volatility |  | 109.0%-123.7% |  |  | 97.4% - 104.9% |
Risk-free interest rate |  | 2.52%-2.87% |  |  | 0.31% - 0.60% |
Expected term |  | 2.5-3.5 yrs. |  |  | 3.0 - 4.0 yrs. |
Dividend rate |  |  | — |  |  |  | — |
Weighted average fair value of options granted |  | $ | 4.98 |  |  | $ | 0.47 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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