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Stock-Based Compensation (Tables)
12 Months Ended
Feb. 01, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The compensation cost for these plans was as follows (in thousands):

Fiscal Year Ended
February 1,
2020
(52 weeks)
February 2,
2019
(52 weeks)
February 3,
2018
(53 weeks)
Stock-based compensation expense by type:
Stock options
$92  $185  $224  
Restricted stock units
2,370  3,932  3,536  
Employee stock purchases
97  105  96  
Director deferred compensation
94  94  24  
Total stock-based compensation expense
2,653  4,316  3,880  
Income tax benefit recognized
622  958  1,363  
Stock-based compensation expense, net of income tax
$2,031  $3,358  $2,517  
Share-based Compensation, Stock Options, Activity
Activity for our option plans during Fiscal 2020 was as follows:
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value
($000’s)
Options outstanding at February 2, 2019279,422  $37.08  4.91$55  
Granted16,798  18.04  
Exercised(3,998) 20.65  
Forfeited, cancelled or expired(5,000) 18.00  
Options outstanding at February 1, 2020287,222  $36.52  4.36$383  
Exercisable at February 1, 2020287,222  $36.52  4.36$383  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes the restricted stock unit awards activity under all our plans during Fiscal 2020:

RSUsPSUsTotals
Number of
Awards
Weighted
Average
Grant-Date
Fair Value
Number of
Awards
Weighted
Average
Grant-Date
Fair Value
Number of
Awards
Weighted
Average
Grant-Date
Fair Value
Restricted stock unit awards outstanding at February 2, 2019404,377  $31.22  143,670  $31.78  548,047  $31.37  
Granted262,283  18.76  34,300  18.04  296,583  18.68  
PSU adjustment (1)—  —  (30,472) 31.75  (30,472) 31.75  
Vested(98,810) 38.30  (27,820) 42.66  (126,630) 39.26  
Forfeited, cancelled or expired(38,154) 24.33  (63,323) 26.16  (101,477) 25.47  
Restricted stock unit awards outstanding at February 1, 2020529,696  $24.25  56,355  $24.05  586,051  $24.23  

(1)PSU adjustment represents the net RSUs awarded to our NEOs above and below their target grants resulting from the achievement of performance goals above or below the performance targets established at grant.  One grant goal was achieved at 65% and another grant goal was forfeited for performance equity awards whose final achievement was based on Fiscal 2017 through Fiscal 2019 financial results; therefore, the adjustment was negative.
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity Our employee purchases of common stock and the average price per share through the ESPP were as follows:
Fiscal Year EndedShares
Purchased
Average Price
Per Share
February 1, 202026,116  $15.02  
February 2, 201926,077  $15.96  
February 3, 201823,555  $16.36  
T
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions he assumptions used in the option pricing model were as follows:
Fiscal Year Ended
February 1,
2020
February 2,
2019
February 3,
2018
Weighted average fair value at date of grant$4.18  $4.75  $4.06  
Expected life (years)0.250.250.25
Expected volatility
34.3% - 36.5%
34.8% - 36.1%
30.2% - 36.2%
Risk-free interest rate
4.24% - 5.73%
3.26% - 5.21%
1.19% - 2.48%
Dividend yieldNone  None  None