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STOCK-BASED COMPENSATION
9 Months Ended
Oct. 30, 2021
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The following table summarizes the Company’s stock-based compensation expense:
 Thirteen Weeks EndedThirty-nine Weeks Ended
 October 30,
2021
October 31,
2020
October 30,
2021
October 31,
2020
(In thousands)
   Deferred Awards$2,956 $2,775 $9,722 $10,282 
   Performance Awards3,638 500 15,314 (2,894)
Total stock-based compensation expense (1)
$6,594 $3,275 $25,036 $7,388 
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(1)Stock-based compensation expense recorded within Cost of sales (exclusive of depreciation and amortization) amounted to $0.8 million and $0.9 million in the Third Quarter 2021 and Third Quarter 2020, respectively, and $2.5 million and $2.6 million in the Year-To-Date 2021 and Year-To-Date 2020, respectively. All other stock-based compensation is included in Selling, general, and administrative expenses. 
The Company recognized a tax benefit related to stock-based compensation expense of $6.9 million and $2.0 million during Year-To-Date 2021 and Year-To-Date 2020, respectively.
Changes in the Company’s Unvested Stock Awards During Year-To-Date 2021
Deferred Awards
 Number of
Shares
Weighted
Average
Grant Date
Fair Value
 (in thousands) 
Unvested Deferred Awards, beginning of period550 $55.43 
Granted155 76.50 
Vested(227)86.47 
Forfeited(4)97.91 
Unvested Deferred Awards, end of period474 47.03 
Total unrecognized stock-based compensation expense related to unvested Deferred Awards was $17.9 million as of October 30, 2021, which will be recognized over a weighted average period of approximately 1.8 years.
Performance Awards
 
Number of
Shares (1)
Weighted
Average
Grant Date
Fair Value
 (in thousands) 
Unvested Performance Awards, beginning of period350 $74.37 
Granted160 74.92 
Shares earned in excess of (below) target(22)65.34 
Vested shares, including shares earned(118)95.61 
Forfeited(1)104.45 
Unvested Performance Awards, at end of period369 68.22 
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(1)For awards for which the performance period is complete, the number of unvested shares is based on actual shares that will vest upon completion of the service period. For awards for which the performance period is not yet complete, the number of unvested shares is based on participants earning their Target Shares at 100%.
The cumulative expense recognized for performance shares reflects changes in the probability that the performance criteria will be achieved as they occur. Based on the current number of Performance Awards expected to be earned, total unrecognized stock-based compensation expense related to unvested Performance Awards was $16.0 million as of October 30, 2021, which will be recognized over a weighted average period of approximately 2.0 years.