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Stock-Based Compensation (Tables) | 3 Months Ended
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Apr. 29, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of Restricted Stock Activity | The following tables summarize the share activity and stock option activity for the first three months of fiscal 2023:
|  | RSUs (1) |  |  | Deferred shares (2) |  |  | Performance Share Units (3) |  |  | Fully-Vested Shares (4) |  |  | Total number of shares |  |  | Weighted- average grant-date fair value |
Shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding non-vested shares at beginning of year |  |  | 520,008 |  |  |  | 435,568 |  |  |  | 240,000 |  |  |  | — |  |  |  | 1,195,576 |  |  | $ | 2.51 |
Shares granted |  |  | 270,867 |  |  |  | — |  |  |  | — |  |  |  | 2,844 |  |  |  | 273,711 |  |  | $ | 5.21 |
Shares vested and/or issued |  |  | (250,547 | ) |  |  | — |  |  |  | — |  |  |  | (2,844 | ) |  |  | (253,391 | ) |  | $ | 2.70 |
Shares expired |  |  | — |  |  |  | — |  |  |  | (240,000 | ) |  |  | — |  |  |  | (240,000 | ) |  | $ | 1.07 |
Shares forfeited |  |  | (50,612 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (50,612 | ) |  | $ | 7.35 |
Outstanding non-vested shares at end of quarter |  |  | 489,716 |  |  |  | 435,568 |  |  |  | — |  |  |  | — |  |  |  | 925,284 |  |  | $ | 3.37 |
(1) During the first three months of fiscal 2023, the Company granted RSUs for the achievement of performance metrics under the 2020-2022 LTIP that are subject to additional vesting through August 31, 2023. See Note 5, Long-Term Incentive Plans. As a result of net share settlements, of the 250,547 RSUs that vested, only 169,517 shares of common stock were issued. (2) The outstanding deferred shares will be issued upon the director’s separation from service. (3) Represents the remaining performance stock units (“PSUs”) granted to Mr. Kanter in February 2019 which expired unvested on April 1, 2023. (4) Represents compensation, with a fair value of $20,249, to certain directors, who are required to receive shares, in lieu of cash, in order to satisfy their minimum equity ownership under the Non-Employee Director Plan. Voluntary shares received, in lieu of cash, are reported below under Non-Employee Director Compensation Plan.
Stock Option Activity |
|  | Number of shares |  |  | Weighted- average exercise price per option |  |  | Weighted- average remaining contractual term |  |  | Aggregate intrinsic value |
Stock Options |  |  |  |  |  |  |  |  |  |  |  |
Outstanding options at beginning of year |  |  | 3,556,434 |  |  | $ | 0.83 |  |  | 7.4 years |  |  | $ | 23,238,665 |
Options granted |  |  | 1,316 |  |  | $ | 5.92 |  |  |  | — |  |  |  | — |
Options exercised |  |  | (80,960 | ) |  | $ | 2.66 |  |  |  |  |  |  | 227,903 |
Options expired and canceled |  |  | (12,892 | ) |  | $ | 2.42 |  |  |  | — |  |  |  | 49,037 |
Outstanding options at end of quarter |  |  | 3,463,898 |  |  | $ | 0.78 |  |  | 7.1 years |  |  | $ | 12,616,891 |
Options exercisable at end of quarter |  |  | 2,204,631 |  |  | $ | 0.84 |  |  | 6.9 years |  |  | $ | 7,925,550 |

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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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