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Stock-Based Compensation - Summary of Activity for Non-Vested Shares under Two Thousand Six And Two Thousand Sixteen Plan (Details) - $ / shares
6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Restricted Stock    
Total number of shares    
Shares granted   67,305
RSUs    
Total number of shares    
Shares granted 390,299 334,625
Deferred stock    
Total number of shares    
Shares granted 43,455 54,798
Performance Share Units    
Total number of shares    
Shares granted 720,000  
Employee Stock Plan, 2006 Plan and 2016 Plan    
Total number of shares    
Outstanding non-vested shares at beginning of year 1,606,668  
Shares granted 1,219,749  
Shares vested/issued (522,544)  
Shares canceled (55,271)  
Outstanding non-vested shares at end of quarter 2,248,602  
Weighted-average Grant-Date Fair value    
Outstanding non-vested shares at beginning of year $ 2.93  
Shares granted 1.84  
Shares vested/issued 3.19  
Shares canceled 2.77  
Outstanding non-vested shares at end of quarter $ 2.28  
Employee Stock Plan, 2006 Plan and 2016 Plan | Certain Directors    
Total number of shares    
Shares granted 65,995  
Employee Stock Plan, 2006 Plan and 2016 Plan | Restricted Stock    
Total number of shares    
Outstanding non-vested shares at beginning of year 30,000  
Shares vested/issued (10,000)  
Shares canceled (20,000)  
Employee Stock Plan, 2006 Plan and 2016 Plan | RSUs    
Total number of shares    
Outstanding non-vested shares at beginning of year [1] 1,372,628  
Shares granted [1] 390,299  
Shares vested/issued [1] (441,094)  
Shares canceled [1] (35,271)  
Outstanding non-vested shares at end of quarter [1] 1,286,562  
Employee Stock Plan, 2006 Plan and 2016 Plan | Deferred stock    
Total number of shares    
Outstanding non-vested shares at beginning of year [2] 204,040  
Shares granted 43,455  
Shares vested/issued [2] (5,455)  
Outstanding non-vested shares at end of quarter [2] 242,040  
Employee Stock Plan, 2006 Plan and 2016 Plan | Deferred stock | Certain Directors    
Total number of shares    
Shares granted [2] 19,371  
Employee Stock Plan, 2006 Plan and 2016 Plan | Fully-vested shares    
Total number of shares    
Shares vested/issued [3] (65,995)  
Employee Stock Plan, 2006 Plan and 2016 Plan | Fully-vested shares | Certain Directors    
Total number of shares    
Shares granted [3] 29,410  
Employee Stock Plan, 2006 Plan and 2016 Plan | Performance Share Units    
Total number of shares    
Shares granted [4] 720,000  
Outstanding non-vested shares at end of quarter [4] 720,000  
[1] During the first six months of fiscal 2019, the Company granted 150,299 RSUs in connection with the partial achievement of performance targets under the 2017-2018 LTIP, see Note 5, Long-Term Incentive Plans. In addition, the Company granted, as a signing award, 240,000 time-based RSUs to Mr. Kanter, which will vest equally over four years. As a result of net share settlement, of the 441,094 time-based RSUs which vested during the first six months of fiscal 2019, only 359,542 shares of common stock were issued.
[2] The 43,455 shares of deferred stock, with a fair value of $98,763, represent compensation to certain directors in lieu of cash, in accordance with their irrevocable elections. The shares of deferred stock will vest three years from the date of grant or at separation of service, based on the irrevocable election of each director.
[3] During the first six months of fiscal 2019, the Company granted 65,995 shares of stock, with a fair value of approximately $149,995, to certain directors as compensation in lieu of cash, in accordance with their irrevocable elections. Directors are required to elect 50% of their quarterly retainer in equity. Any shares in excess of the minimum required election are issued from the Company’s Fourth Amended and Restated Non-Employee Director Compensation Plan (“Non-Employee Director Compensation Plan”).
[4] On February 19, 2019, the Company granted 720,000 shares of performance stock units (“PSUs”), with a fair value of $1.0 million, 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. All PSUs will expire on April 1, 2023 if no performance metric is achieved. The $1.0 million is being expensed over the respective derived service periods of each tranche of 16 months, 25 months and 30 months, respectively. The respective fair value and derived service periods assigned to the PSUs were determined using a Monte Carlo model based on: the Company’s historical volatility of 55.9%, a term of 4.1 years, stock price on the date of grant of $2.50 per share, a risk-free rate of 2.5% and a cost of equity of 9.5%.