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Stock-Based Compensation (Tables)
12 Months Ended
Jan. 29, 2022
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
January 29,
2022
(52-weeks)
January 30,
2021
(52-weeks)
February 1,
2020
(52-weeks)
Stock-based compensation expense by type:
Stock options
$174 $90 $92 
Restricted stock units
5,111 3,495 2,370 
Employee stock purchases
199 120 97 
Director deferred compensation
56 94 94 
Total stock-based compensation expense
5,540 3,799 2,653 
Income tax benefit recognized
1,316 882 622 
Stock-based compensation expense, net of income tax
$4,224 $2,917 $2,031 
Share-based Compensation, Stock Options, Activity
Activity for our option plans during Fiscal 2022 was as follows:
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value
($000’s)
Options outstanding at January 30, 2021227,258 $37.15 4.39$4,407 
Granted4,384 76.04 
Exercised(65,716)29.45 
Forfeited, cancelled or expired— — 
Options outstanding at January 29, 2022165,926 $41.28 3.66$3,106 
Exercisable at January 29, 2022165,926 $41.28 3.66$3,106 
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 2022:
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
Nonvested at January 30, 2021655,031 $17.98 19,060 $19.56 674,091 $18.02 
Granted62,031 76.28 22,492 76.04 84,523 76.22 
PSU adjustment (1)— — 3,900 22.55 3,900 22.55 
Vested(140,075)22.23 (10,335)22.55 (150,410)22.25 
Forfeited, cancelled or expired(21,489)21.43 — — (21,489)21.54 
Nonvested at January 29, 2022555,498 $23.28 35,117 $55.19 590,615 $25.18 

(1)PSU adjustment represents the net RSUs awarded to our NEOs above or 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 200% of its target based on Fiscal 2019 through Fiscal 2021 financial results.
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
January 29, 202214,447 $50.01 
January 30, 202136,059 $11.99 
February 1, 202026,116 $15.02 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The assumptions used in the option pricing model were as follows:
Fiscal Year Ended
January 29,
2022
January 30,
2021
February 1,
2020
Weighted average fair value at date of grant$14.33$4.18$4.18
Expected life (years)0.250.250.25
Expected volatility
49.2% - 50.4%
41.4% - 50.2%
34.3% - 36.5%
Risk-free interest rate
0.11% - 0.33%
0.20% - 3.60%
4.24% - 5.73%
Dividend yield
1.12% - 1.41%
NoneNone