XML 49 R39.htm IDEA: XBRL DOCUMENT v3.23.2
Stock-Based Compensation (Tables)
 3 Months Ended
Jul. 30, 2023
Performance Based Restricted Stock Units [Member]  
Summary of Vested Restricted Stock Units The following table summarizes information related to our performance-based restricted stock units that vested during the three-month period ended July 31, 2022:

 

 

 

Performance-Based

 

 

 

 

 

(4)

 

 

 

Restricted Stock

 

 

(3)

 

 

Price

 

Fiscal Year

 

Units Vested

 

 

Fair Value

 

 

Per Share

 

Fiscal 2023 (1)

 

 

545

 

 

$

3

 

 

$

5.10

 

Fiscal 2023 (2)

 

 

437

 

 

$

2

 

 

$

5.10

 

 

(1)
Performance-based restricted stock units vested by senior executives.
(2)
Performance-based restricted stock units vested by key employees.
(3)
Dollar amounts are in thousands.
(4)
Price per share is derived from the closing price of our common stock on the date the respective performance-based restricted stock units vested.
Time-Based Restricted Stock Units [Member]  
Summary of Vested Restricted Stock Units The following table summarizes information related to our time-based restricted stock units that vested during the three-month period ending July 31, 2022:

 

 

 

Time-Based

 

 

 

 

 

(4)

 

 

Restricted Stock

 

 

(3)

 

 

Price

Fiscal Year

 

Units Vested

 

 

Fair Value

 

 

Per Share

Fiscal 2023 (1)

 

 

19,786

 

 

$

101

 

 

$

5.10

 

 

Fiscal 2023 (2)

 

 

13,013

 

 

$

66

 

 

$

5.10

 

 

 

(1)
Time-based restricted stock units vested by senior executives.
(2)
Time-based restricted stock units vested by key employees.
(3)
Dollar amounts are in thousands.
(4)
Price per share is derived from the closing price of our common stock on the date the respective time-based restricted stock units vested.
Executive officers and key employees [Member]  
Summary of Grants of Performance Based Restricted Stock Units

The following table summarizes information related to our grants of performance-based restricted stock units associated with senior executives and key employees that were unvested as of July 30, 2023:

 

 

 

(3)

 

 

(4)

 

 

 

 

 

 

 

 

 

Performance-Based

 

 

Restricted Stock

 

 

 

 

 

 

 

 

 

Restricted Stock

 

 

Units Expected

 

 

 

 

 

 

 

Date of Grant

 

Units Awarded

 

 

to Vest

 

 

Price Per Share

 

 

 

Vesting Period

August 10, 2022 (1)

 

 

178,714

 

 

 

—

 

 

$

5.77

 

(5)

 

3 years

July 22, 2021 (1)

 

 

122,476

 

 

 

—

 

 

$

15.93

 

(6)

 

3 years

July 22, 2021 (2)

 

 

20,500

 

 

 

—

 

 

$

14.75

 

(7)

 

3 years

 

(1)
Performance-based restricted stock units awarded to senior executives.
(2)
Performance-based restricted stock units awarded to key employees.
(3)
Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements.
(4)
Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of July 30, 2023.
(5)
Price per share represents the fair market value per share ($1.14 per $1, or an increase of $0.71 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($5.06) for the performance-based component of the performance-based restricted stock units granted to senior executives on August 10, 2022.
(6)
Price per share represents the fair market value per share ($1.08 per $1, or an increase of $1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($14.75) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021.
(7)
Price per share represents the closing price of our common stock on the date of grant.
Senior Executives and Management [Member] | Time-Based Restricted Stock Units [Member]  
Summary of Grants of Time-Based Restricted Stock Unit Awards

The following table summarizes information related to our grants of time-based restricted stock unit awards associated with senior executives and key employees that were unvested as of July 30, 2023:

 

 

 

Time-Based

 

 

 

 

 

 

 

 

 

Restricted Stock

 

 

(1)

 

 

 

 

Date of Grant

 

Units Awarded

 

 

Price Per Share

 

Vesting Period

September 6, 2022

 

 

37,671

 

 

$

4.58

 

 

 

1 to 3 years

August 10, 2022

 

 

78,225

 

 

$

5.06

 

 

 

3 years

July 22, 2021

 

 

30,835

 

 

$

14.75

 

 

 

3 years

August 6, 2020

 

 

129,095

 

 

$

11.01

 

 

 

3 years

August 2, 2018

 

 

10,000

 

 

$

24.35

 

 

 

5 years

 

(1)
Price per share represents closing price of common stock on the date the respective award was granted.