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Stock Compensation Plans - Summary of Activity for Non-Vested Shares under Two Thousand Six And Two Thousand Sixteen Plan (Details)
12 Months Ended
Feb. 01, 2020
$ / shares
shares
RSUs  
Total number of shares  
Shares granted 96,153,000
Employee Stock Plan, 2006 Plan and 2016 Plan  
Weighted-average Grant-Date Fair value  
Outstanding non-vested shares at beginning of year | $ / shares $ 2.93
Shares granted | $ / shares 1.73
Shares vested/issued | $ / shares 2.87
Shares canceled | $ / shares 1.89
Outstanding non-vested shares at end of year | $ / shares $ 1.95
Total number of shares  
Outstanding non-vested shares at beginning of year 1,606,668
Shares granted 2,384,277
Shares vested/issued (1,159,672)
Shares canceled (394,866)
Outstanding non-vested shares at end of year 2,436,407
Vested and expected to vest at end of year 1,716,407
Employee Stock Plan, 2006 Plan and 2016 Plan | Certain Directors  
Total number of shares  
Shares granted 159,070
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 1,372,628 [1]
Shares granted 1,400,480 [1]
Shares vested/issued (977,439) [1]
Shares canceled (374,866) [1]
Outstanding non-vested shares at end of year 1,420,803 [1]
Vested and expected to vest at end of year 1,420,803 [1]
Employee Stock Plan, 2006 Plan and 2016 Plan | Deferred stock  
Total number of shares  
Outstanding non-vested shares at beginning of year 204,040 [2]
Shares granted 104,727
Shares vested/issued (13,163) [2]
Outstanding non-vested shares at end of year 295,604 [2]
Vested and expected to vest at end of year 295,604 [2]
Employee Stock Plan, 2006 Plan and 2016 Plan | Deferred stock | Certain Directors  
Total number of shares  
Shares granted 104,727 [2]
Employee Stock Plan, 2006 Plan and 2016 Plan | Fully-vested shares  
Total number of shares  
Shares vested/issued (159,070) [3]
Employee Stock Plan, 2006 Plan and 2016 Plan | Fully-vested shares | Certain Directors  
Total number of shares  
Shares granted 159,070 [3]
Employee Stock Plan, 2006 Plan and 2016 Plan | Performance Share Units  
Total number of shares  
Shares granted 720,000 [4]
Outstanding non-vested shares at end of year 720,000 [4]
[1] During fiscal 2019, the Company granted 150,299 RSUs in connection with the partial achievement of performance targets under the 2017-2018 LTIP, see Note H, Long-Term Incentives Plans. In addition, the Company granted 464,358 time-based RSUs as new hire awards. The remainder of the RSUs granted related to time-based awards granted under the Company’s LTIPs. As a result of net share settlement, of the 977,439 RSUs which vested during fiscal 2019, only 866,418 shares of common stock were issued.
[2] The 104,727 shares of deferred stock, with a grant-date fair value of approximately $197,504, represent compensation to certain directors in lieu of cash, in accordance with their irrevocable elections. The shares of deferred stock vest three years from the date of grant or at separation of service, based on the irrevocable election of each director.
[3] The 159,070 shares of stock, with a grant-date fair value of approximately $299,987 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 Fourth Amended and Restated Non-Employee Director Stock Purchase Plan (the “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 grant-date 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%.