XML 62 R42.htm IDEA: XBRL DOCUMENT v3.22.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Jan. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount
The following table details share-based compensation expense and the related income tax benefit for Fiscal 2021, Fiscal 2020 and Fiscal 2019:
(in thousands)Fiscal 2021Fiscal 2020Fiscal 2019
Share-based compensation expense$29,304 $18,682 $14,007 
Income tax benefit associated with share-based compensation expense recognized during the period (1)
3,338 — 2,649 
(1)     No income tax benefit was recognized during Fiscal 2020 due to the establishment of a valuation allowance.

The following table details discrete income tax benefits and charges related to share-based compensation awards during Fiscal 2021, Fiscal 2020 and Fiscal 2019:
(in thousands)Fiscal 2021Fiscal 2020Fiscal 2019
Income tax discrete benefits (charges) realized for tax deductions related to the issuance of shares during the period$4,198 $(1,719)$1,156 
Income tax discrete charges realized upon cancellation of stock appreciation rights during the period(204)(1,943)(611)
Total income tax discrete benefits (charges) related to share-based compensation awards$3,994 $(3,662)$545 

The following table details the amount of employee tax withheld by the Company upon the issuance of shares associated with restricted stock units vesting and the exercise of stock appreciation rights for the Fiscal 2021, Fiscal 2020 and Fiscal 2019:
(in thousands)Fiscal 2021Fiscal 2020Fiscal 2019
Employee tax withheld upon issuance of shares (1)
$13,163 $5,694 $6,804 
(1)    Classified within other financing activities on the Consolidated Statements of Cash Flows.
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for Fiscal 2021:
Service-based Restricted
Stock Units		Performance-based Restricted
Stock Units		Market-based Restricted
Stock Units
Number of 
Underlying
Shares 		Weighted-
Average Grant
Date Fair Value
Number of 
Underlying
Shares (1)
Weighted-
Average Grant
Date Fair Value
Number of 
Underlying
Shares (1)
Weighted-
Average Grant
Date Fair Value
Unvested at January 30, 20213,037,098 $11.62 297,216 $22.43 721,879 $21.46 
Granted730,446 32.80 157,645 32.09 78,827 50.31 
Adjustments for performance achievement
— — (106,715)29.92 (6,084)33.69 
Vested(1,089,706)12.26 — — (100,634)33.69 
Forfeited(145,598)16.67 (7,997)29.92 (13,804)25.13 
Unvested at January 29, 2022 (1)
2,532,240 $17.16 340,149 $27.08 680,184 $22.81 

(1)    Unvested shares related to restricted stock units with performance-based and market-based vesting conditions are reflected at 100% of their target vesting amount in the table above. Unvested shares related to restricted stock units with performance-based and market-based vesting conditions can be achieved at up to 200% of their target vesting amount.

The following table details unrecognized compensation cost and the remaining weighted-average period over which these costs are expected to be recognized for restricted stock units as of January 29, 2022:
(in thousands)Service-based Restricted
Stock Units		Performance-based Restricted
Stock Units		Market-based Restricted
Stock Units
Unrecognized compensation cost$28,333 $— $14,173 
Remaining weighted-average period cost is expected to be recognized (years)
1.20.00.8
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for Fiscal 2021:
Number of
Underlying
Shares		Weighted-Average
Exercise Price		Aggregate
Intrinsic Value		Weighted-Average
Remaining
Contractual Life (years)
Outstanding at January 30, 2021384,757 $33.04 
Granted— — 
Exercised(111,868)26.95 
Forfeited or expired(36,750)54.73 
Outstanding at January 29, 2022236,139 $32.55 $1,276,809 2.3
Stock appreciation rights exercisable at January 29, 2022236,139 $32.55 $1,276,809 2.3
No stock appreciation rights were exercised during Fiscal 2020. The grant date fair value of awards exercised during Fiscal 2021 and Fiscal 2019 follows:
(in thousands)Fiscal 2021Fiscal 2019
Total grant date fair value of awards exercised$1,069 $626 
Market-based Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Weighted-Average Estimated Fair Value and Assumptions of Market-based Restricted Stock Units
The weighted-average assumptions used for market-based restricted stock units in the Monte Carlo simulation during Fiscal 2021, Fiscal 2020 and Fiscal 2019 were as follows:
Fiscal 2021Fiscal 2020Fiscal 2019
Grant date market price$31.78 $12.31 $25.34 
Fair value49.81 16.24 36.24 
Assumptions:
Price volatility66 %67 %57 %
Expected term (years)2.92.42.9
Risk-free interest rate0.3 %0.2 %2.2 %
Dividend yield— — 3.2 
Average volatility of peer companies72.0 %66.0 %40.0 %
Average correlation coefficient of peer companies0.4694 0.4967 0.2407