Stock Compensation Plans (Tables)

12 Months Ended

Jan. 29, 2022

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Common Stock Shares Issued to Non-Employee Directors as Compensation

The following shares of common stock, with the respective fair value, were issued from the Non-Employee Director Compensation Plan to its non-employee directors as compensation for fiscal 2021, fiscal 2020 and fiscal 2019:

	Number of shares of common stock issued		Fair value of common stock issued
Fiscal 2021		232,910	$	374,227
Fiscal 2020		187,897	$	75,065
Fiscal 2019		37,113	$	69,991

Employee Stock Plan, 2006 Plan and 2016 Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Stock Option Activity

The following tables summarize the stock option activity under the Company’s 2006 Plan and 2016 Plan, on an aggregate basis, for fiscal 2021:

	Number of Shares			Weighted-average exercise price per option		Weighted-average remaining contractual term	Aggregate intrinsic value (000's)
Stock Options
Outstanding options at beginning of year		3,647,581		$	1.09		$	811
Options granted (1)		1,518,154			0.71			—
Options canceled or expired		(22,542	)		4.19			—
Options exercised (2)		(521,643	)		1.49			2,493
Outstanding options at end of year		4,621,550		$	0.90	8.2 yrs.	$	16,067
Options exercisable at end of year		751,743		$	2.42	5.6 yrs.	$	1,662
Vested and expected to vest at end of year		4,621,550		$	0.90	8.2 yrs.	$	16,067

(1)Primarily represents the grant of stock options to purchase an aggregate of 1,078,913 shares of the Company's common stock, at an exercise price of $0.69 per share, in connection with the time-based grant of awards under its 2021-2023 LTIP, see Note H, Long-Term Incentive Plans. In March 2021, the Company also granted to active participants of the LTIP a discretionary grant of stock options to purchase an aggregate of 414,337 shares of the Company's common stock, at an exercise price of $0.75 per share, which vest over 3 years.

(2)As a result of net share settlements, of the 521,643 stock options exercised, only 389,838 shares of common stock were issued.

Employee Stock Plan, 2006 Plan, 2016 Plan and Inducement Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Restricted Stock Activity

The following table summarizes activity for non-vested shares under the Company’s 2006 Plan and 2016 Plan, on an aggregate basis, for fiscal 2021:

	RSUs (1)			Deferred shares (2)		Performance Share  Units (3)			Total number of shares			Weighted-average grant-date fair value
Shares
Outstanding non-vested shares at beginning of year		815,292			435,568		720,000			1,970,860		$	1.69
Shares granted		8,054			—		—			8,054			0.66
Shares vested/issued		(308,055	)		—		(480,000	)		(788,055	)		1.85
Outstanding non-vested shares at end of year		515,291			435,568		240,000			1,190,859		$	1.57
Vested and expected to vest at end of year		515,291			435,568		—			950,859

(1)During fiscal 2021, the vesting of RSUs was primarily related to the time-based awards under the Company’s LTIP plans, see Note H, Long-Term Incentive Plans.

(2)Represents compensation to certain directors, in lieu of cash, in accordance with their irrevocable elections. During fiscal 2021, all equity issued to directors for compensation, in lieu of cash, was issued only from the Non-Employee Director Compensation Plan. The outstanding deferred shares will be issued upon the director’s separation from service.

(3)The 720,000 shares of performance stock units (“PSUs”), with a fair value of $1.0 million, represent a sign-on grant in fiscal 2019 to Mr. Kanter. The PSUs vest in installments when the following milestones are met: one-third of the PSUs vest when the trailing 90-day volume-weighted average closing stock price (“VWAP”) is $4.00, one-third of the PSUs vest when the VWAP is $6.00, and one-third when the VWAP is $8.00. During fiscal 2021, 480,000 PSUs vested as a result of achieving a VWAP of $4.00 per share and $6.00 per share. As a result of net share settlement, of the 480,000 PSUs that vested, only 327,120 shares of common stock were issued. The remaining 240,000 PSUs will expire on April 1, 2023 if the $8.00 VWAP is not achieved by that date.