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Share-Based Compensation (Tables)
 12 Months Ended
Jan. 29, 2022
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Our share-based compensation expense, by award type, consists of the following (in thousands):
Fiscal Year Ended
February 1, 2020January 30, 2021January 29, 2022
Restricted stock units$— $— $4,040 
Restricted stock awards— — 3,864 
Stock options— — 514 
Employee stock purchase plan— — 170 
Remeasurement adjustments for incentive units11,993 7,791 151,166 
Share-based compensation expense before income taxes11,993 7,791 159,754 
Income tax detriment— — 293 
Net share-based compensation expense$11,993 $7,791 $160,047 
Restricted Stock Unit Activity
RSU activity under the 2021 LTIP consists of the following (in thousands except per share and contractual life amounts):
SharesWeighted average grant date value per share
Nonvested, January 30, 2021— 
Granted 392 $26.82 
Vested(105)$27.00 
Forfeited(9)$27.00 
Nonvested, January 29, 2022278 $26.75 
Restricted Stock Activity
Restricted stock award activity under the 2021 LTIP consists of the following (in thousands except per share and contractual life amounts):
SharesWeighted average grant date fair value per share
Outstanding, January 30, 2021— 
Granted866 $27.00 
Vested(120)$27.00 
Forfeited(214)$27.00 
Nonvested, January 29, 2022532 $27.00 
Stock Option Activity
Stock option activity under the 2021 LTIP consists of the following (in thousands except per share and contractual life amounts):
SharesWeighted average exercise price per shareWeighted average remaining contractual life (years)Aggregate intrinsic value
Outstanding, January 30, 2021— 
Granted342 $21.03 
Exercised— 
Expired / forfeited(5)$21.00 
Outstanding, January 29, 2022337 $21.03 9.4$— 
Exercisable, January 29, 2022— 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The weighted average grant date fair value of stock option awards granted during fiscal year 2021 was $11.24 per option and was estimated at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions:
Dividend yield— %
Expected volatility(1)
56.0 %
Risk-free interest rate(2)
1.1 %
Expected term(3)
6.31 years
Grant date fair value per share$21.00 
(1)     The expected volatility is estimated based on the historical volatility of a select peer group of similar publicly traded companies for a term that is consistent with the expected term of the stock options.
(2)    The risk-free interest rates are based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected term of the stock options.
(3)    The expected term of the stock options represents the estimated period of time until exercise and is calculated using the simplified method.