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Stock-Based Awards (Tables)
12 Months Ended
Jan. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense and Related Tax Benefit Recognized
Stock-based compensation expense and the related tax benefit recognized during fiscal 2021, fiscal 2020, and fiscal 2019 were as follows (dollars in thousands):
Fiscal Year Ended
January 30, 2021January 25, 2020January 26, 2019
Stock-based compensation$12,771 $10,034 $20,187 
Income tax effect of stock-based compensation$3,141 $2,482 $5,043 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes the valuation of stock options and restricted share units granted during fiscal 2021, fiscal 2020, and fiscal 2019, and the significant valuation assumptions:
Fiscal Year Ended
January 30, 2021January 25, 2020January 26, 2019
Weighted average fair value of RSUs granted$27.75 $48.37 $97.90 
Weighted average fair value of Performance RSUs granted$25.15 $45.94 $106.19 
Weighted average fair value of stock options granted$14.63 $24.72 $48.19 
Stock option assumptions:
Risk-free interest rate0.7 %2.3 %2.7 %
Expected life (in years)9.48.46.3
Expected volatility51.3 %45.3 %43.3 %
Expected dividends— — — 
Schedule of Share-based Compensation, Stock Options Award Activity
The following table summarizes stock option award activity during fiscal 2021:
Stock Options
SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Life
(In years)
Aggregate Intrinsic Value
(In thousands)
Outstanding as of January 25, 2020
577,309 $36.85 
Granted63,304 $25.15 
Options exercised(295,650)$19.40 
Canceled— $— 
Outstanding as of January 30, 2021
344,963 $49.66 5.8$11,656 
Exercisable options as of January 30, 2021
233,070 $52.58 4.4$7,075 
Schedule of Share-based Compensation, RSU and Performance RSU Activity
The following table summarizes RSU and Performance RSU award activity during fiscal 2021:
Restricted Stock
RSUsPerformance RSUs
Share UnitsWeighted Average Grant PriceShare UnitsWeighted Average Grant Price
Outstanding as of January 25, 2020
174,917 $65.05 639,738 $62.60 
Granted557,838 $27.75 65,538 $25.15 
Share units vested(66,620)$67.70 (17,134)$70.14 
Forfeited or canceled(17,774)$41.95 (262,798)$66.64 
Outstanding as of January 30, 2021
648,361 $33.29 425,344 $54.03