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Equity Awards
12 Months Ended
Feb. 02, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Equity Awards

14. Equity Awards

General—We maintain several equity incentive plans under which we may grant incentive stock options, nonqualified stock options, stock bonuses, restricted stock awards, restricted stock units and stock appreciation rights to employees (including officers), non-employee directors and consultants.

Stock-Based Compensation—Total stock-based compensation expense is recognized on our consolidated income statements as follows (in thousands):

 

 

 

Fiscal Year Ended

 

 

 

February 1, 2020

 

 

February 2, 2019

 

 

February 3, 2018

 

Cost of goods sold

 

$

1,265

 

 

$

1,130

 

 

$

1,001

 

Selling, general and administrative expenses

 

 

5,117

 

 

 

4,741

 

 

 

4,031

 

Total stock-based compensation expense

 

$

6,382

 

 

$

5,871

 

 

$

5,032

 

At February 1, 2020, there was $8.10 million of total unrecognized compensation cost related to unvested stock options and restricted stock.  This cost has a weighted-average recognition period of 1.2 years.

Restricted Equity Awards —The following table summarizes the activity of restricted stock awards and restricted stock units, collectively defined as “restricted equity awards” (in thousands, except grant date weighted-average fair value):

 

 

 

Restricted Equity Awards

 

 

Grant Date

Weighted-

Average Fair

Value

 

 

Intrinsic

Value

 

Outstanding at January 28, 2017

 

 

442

 

 

$

23.05

 

 

 

 

 

Granted

 

 

290

 

 

$

17.20

 

 

 

 

 

Vested

 

 

(183

)

 

$

22.67

 

 

 

 

 

Forfeited

 

 

(25

)

 

$

19.56

 

 

 

 

 

Outstanding at February 3, 2018

 

 

524

 

 

$

20.11

 

 

 

 

 

Granted

 

 

262

 

 

$

23.94

 

 

 

 

 

Vested

 

 

(217

)

 

$

20.85

 

 

 

 

 

Forfeited

 

 

(25

)

 

$

20.70

 

 

 

 

 

Outstanding at February 2, 2019

 

 

544

 

 

$

21.63

 

 

 

 

 

Granted

 

 

245

 

 

$

24.82

 

 

 

 

 

Vested

 

 

(218

)

 

$

22.17

 

 

 

 

 

Forfeited

 

 

(30

)

 

$

22.30

 

 

 

 

 

Outstanding at February 1, 2020

 

 

541

 

 

$

22.82

 

 

$

16,876

 

 

The following table summarizes additional information related to restricted equity awards activity (in thousands):

 

 

 

Fiscal Year Ended

 

 

 

February 1, 2020

 

 

February 2, 2019

 

 

February 3, 2018

 

Vest date fair value of restricted stock vested

 

$

5,339

 

 

$

4,627

 

 

$

3,116

 

 

Stock Options—We had 0.3 million stock options outstanding at February 1, 2020 with a grant date weighted average exercise price of $23.38.  We had 0.3 million stock options outstanding at February 2, 2019 with a grant date weighted average exercise price of $23.06 and 0.3 million stock options outstanding at February 3, 2018 with a grant date weighted average exercise price of $22.82.

 

Employee Stock Purchase Plan—We offer an Employee Stock Purchase Plan (“ESPP”) for eligible employees to purchase our common stock at a 15% discount of the lesser of fair market value of the stock on the first business day or the last business day of the offering period, subject to maximum contribution thresholds.  The number of shares issued under our ESPP was less than 0.1 million for each of the fiscal years ended February 1, 2020, February 2, 2019 and February 3, 2018.