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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Feb. 03, 2024
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 2023, Fiscal 2022 and Fiscal 2021:
(in thousands)Fiscal 2023Fiscal 2022Fiscal 2021
Share-based compensation expense$40,122 $28,995 $29,304 
Income tax benefit associated with share-based compensation expense recognized during the period
4,350 3,515 3,338 

The following table details discrete income tax benefits and charges related to share-based compensation awards during Fiscal 2023, Fiscal 2022 and Fiscal 2021:
(in thousands)Fiscal 2023Fiscal 2022Fiscal 2021
Income tax discrete benefits realized for tax deductions related to the issuance of shares during the period
$2,709 $1,956 $4,198 
Income tax discrete charges realized upon cancellation of stock appreciation rights during the period(101)(226)(204)
Total income tax discrete benefits related to share-based compensation awards
$2,608 $1,730 $3,994 

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 2023, Fiscal 2022 and Fiscal 2021:
(in thousands)Fiscal 2023Fiscal 2022Fiscal 2021
Employee tax withheld upon issuance of shares (1)
$29,485 $14,464 $13,163 
(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 2023:
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 28, 2023
2,461,395 $21.30 336,549 $31.08 662,137 $23.68 
Granted901,293 29.11 222,144 28.36 111,077 41.20 
Change due to performance criteria achievement— — — — 493,854 16.24 
Vested(1,315,618)17.73 — — (987,708)16.24 
Forfeited(160,985)26.50 (37,481)29.52 (18,741)42.55 
Unvested at February 3, 2024 (1)
1,886,085 $27.12 521,212 $30.03 260,619 $43.90 

(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 February 3, 2024:
(in thousands)Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Unrecognized compensation cost$32,783 $10,056 $4,107 
Remaining weighted-average period cost is expected to be recognized (years)1.01.21.2
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for Fiscal 2023:
Number of
Underlying
Shares
Weighted-Average
Exercise Price
Aggregate
Intrinsic Value
Weighted-Average
Remaining
Contractual Life (years)
Outstanding at January 28, 2023190,589 $29.43 
Granted— — 
Exercised(141,289)26.73 
Forfeited or expired(23,700)45.69 
Outstanding at February 3, 202425,600 $29.29 $2,053 0.7
Stock appreciation rights exercisable at February 3, 202425,600 $29.29 $2,053 0.7
The following table provides additional information pertaining to grant date fair value of awards exercised during Fiscal 2023, Fiscal 2022 and Fiscal 2021:
(in thousands)Fiscal 2023Fiscal 2022Fiscal 2021
Total grant date fair value of awards exercised$1,409 $— $1,069 

No stock appreciation rights were exercised during Fiscal 2022.
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 2023, Fiscal 2022 and Fiscal 2021 were as follows:
Fiscal 2023Fiscal 2022Fiscal 2021
Grant date market price$28.36 $30.24 $31.78 
Fair value41.20 41.60 49.81 
Assumptions:
Price volatility63 %66 %66 %
Expected term (years)2.92.82.9
Risk-free interest rate4.6 %2.5 %0.3 %
Dividend yield— — — 
Average volatility of peer companies66.0 %72.3 %72.0 %
Average correlation coefficient of peer companies0.5295 0.515 0.4694