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Stock-Based Compensation (Tables)

3 Months Ended

Aug. 04, 2019

Executive officers and key employees [Member]

Summary of Grants of Performance Based Restricted Stock Units

The following table summarizes information related to our grants of performance-based restricted stock units associated with certain senior executives and key employees that are currently unvested:

Date of Grant		(3) Restricted Stock Units Awarded				Price Per Share				Vesting Period
July 18, 2019 (1)			93,653			$	18.49	(6)			3 years
July 18, 2019 (2)			15,213			$	18.49	(6)			3 years
August 2, 2018 (1)			86,599			$	18.51	(4)			3 years
August 2, 2018 (2)			47,800			$	24.35	(6)			3 years
July 13, 2017 (1)			78,195			$	31.85	(5)			3 years
July 13, 2017 (2)			44,000			$	32.50	(6)			3 years

(1) Performance-based restricted stock units awarded to certain senior executives.

(2) Performance-based restricted stock units awarded to key employees.

(3) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements.

(4) Price per share represents the fair market value per share ($0.76 per $1 or a reduction of $5.84 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on August 2, 2018.

(5) Price per share represents the fair market value per share ($0.98 per $1 or a reduction of $0.65 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($32.50) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on July 13, 2017.

(6) Price per share represents the closing price of our common stock on the date of grant.

Time Vested Restricted Stock Awards [Member] | Management [Member]

Summary of Grants of Time-Based Restricted Stock Awards

The following table summarizes information related to our grants of time-based restricted stock units associated with key members of management that are currently unvested:

Date of Grant		Time Based Stock Units Awarded				Price Per Share				Vesting Period
July 18, 2019			15,213			$	18.49	(1)			3 years
August 2, 2018			10,000			$	24.35	(1)			5 years

(1) Price per share represents closing price of common stock on the date the respective award was granted

Time Based Restricted Stock Units [Member]

Summary of Vested Restricted Stock Units

The following table summarizes information related to our time-based restricted stock units that vested during the three-month periods ending August 4, 2019 and July 29, 2018:

Fiscal Year		Restricted Stock Units Vested				(1) Fair Value				Weighted Average Price Per Share
Fiscal 2020			—			$	—				—
Fiscal 2019			1,200			$	21			$	17.36	(2)

(1) Dollar amounts are in thousands.

(2) The weighted average price per share is derived from the closing prices of our common stock on the dates the respective time-based restricted stock units vested.

Performance Based Restricted Stock Unit [Member]

Summary of Vested Restricted Stock Units

The following table summarizes information related to our performance-based restricted stock units that vested during the three-month periods ending August 4, 2019 and July 29, 2018:

Fiscal Year		Restricted Stock Units Vested				(3) Fair Value				Weighted Average Price Per Share
Fiscal 2020 (1)			9,489			$	165			$	17.36	(4)
Fiscal 2020 (2)			4,148			$	72			$	17.36	(4)
Fiscal 2019 (1)			128,632			$	3,754			$	29.19	(4)
Fiscal 2019 (2)			10,364			$	320			$	30.90	(4)

(1) Certain senior executives and key employees.

(2) Non-employee

(3) Dollar amounts are in thousands.

(4) The weighted average price per share is derived from the closing prices of our common stock on the dates the respective performance based restricted stock units vested.

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding restricted stock units that are fully vested and expected to vest. Includes, but is not limited to, unvested restricted stock units for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

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