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Stock-Based Awards (Tables)
12 Months Ended
Jan. 27, 2024
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 2024, fiscal 2023, and fiscal 2022 were as follows (dollars in thousands):
Fiscal Year Ended
January 27, 2024January 28, 2023January 29, 2022
Stock-based compensation$25,457 $17,927 $9,866 
Income tax effect of stock-based compensation$6,302 $4,433 $2,435 
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 2024, fiscal 2023, and fiscal 2022, and the significant valuation assumptions:
Fiscal Year Ended
January 27, 2024January 28, 2023January 29, 2022
Weighted average fair value of RSUs granted$95.23 $96.81 $82.25 
Weighted average fair value of Performance RSUs granted$94.99 $97.49 $84.73 
Weighted average fair value of stock options granted$60.85 $61.18 $52.33 
Stock option assumptions:
Risk-free interest rate3.6 %2.4 %1.6 %
Expected life (in years)8.08.99.3
Expected volatility57.2 %54.2 %53.4 %
Expected dividends— — — 
Schedule of Share-based Compensation, Stock Options Award Activity
The following table summarizes stock option award activity during fiscal 2024:
Stock Options
SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Life
(In years)
Aggregate Intrinsic Value
(In thousands)
Outstanding as of January 28, 2023
245,706 $65.36 
Granted38,155 $94.99 
Options exercised(19,736)$58.20 
Canceled— $— 
Outstanding as of January 27, 2024
264,125 $70.18 6.0$11,886 
Exercisable options as of January 27, 2024
170,512 $63.54 4.8$8,805 
Schedule of Share-based Compensation, RSU and Performance RSU Activity
The following table summarizes RSU and Performance RSU award activity during fiscal 2024:
Restricted Stock
RSUsPerformance RSUs
Share UnitsWeighted Average Grant PriceShare UnitsWeighted Average Grant Price
Outstanding as of January 28, 2023
439,903 $53.76 385,673 $90.32 
Granted164,600 $95.23 230,127 $94.99 
Share units vested(203,787)$46.30 (112,787)$83.25 
Forfeited or canceled(9,951)$62.93 (71,823)$82.43 
Outstanding as of January 27, 2024
390,765 $74.89 431,190 $95.98