Stock-Based Compensation (Tables)

12 Months Ended

Jan. 29, 2022

Schedule of Stock-based Compensation Expense

For fiscal years 2021, 2020 and 2019, stock-based compensation expense was comprised of the following:

(In thousands)	2021			2020		2019
Share-settled equity awards	$	5,234		$	3,426	$	6,226
Stock appreciation rights		269			423		228
Employee stock purchase plan		28			34		32
Total stock-based compensation expense	$	5,531		$	3,883	$	6,486
Income tax benefit at statutory rates	$	1,399		$	1,002	$	1,402
Additional income tax (benefit)/expense on vesting of share-settled awards	$	(992	)	$	81	$	(1,950	)

Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock and other stock awards:

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 30, 2021		0		$	0.00
Granted		8,702			32.79
Vested		(8,702	)		32.79
Outstanding at January 29, 2022		0		$	0.00

Summary of SARs Activity

The following table summarizes SARs activity:

	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at January 30, 2021		88,400		$	7.61
Granted		93,800			30.94
Forfeited		(9,000	)		30.94
Exercised		(88,400	)		7.61
Outstanding at January 29, 2022		84,800		$	30.94		2.2

Schedule of SARs Assumptions

The fair value was estimated using a trinomial lattice model with the following assumptions:

	January 29, 2022			January 30, 2021
Risk free interest rate yield curve	0.04%-1.61%			0.07%-0.45%
Expected dividend yield		0.8	%		0.8	%
Expected volatility		63.31	%		63.11	%
Maximum life	2.2 Years			2.1 Years
Exercise multiple		1.03			1.29
Maximum payout	$	5.00		$	5.00
Employee exit rate	2.2% - 9.0%			2.2% - 9.0%

Share-settled Equity Awards

Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock units and performance stock units:

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 30, 2021		513,016		$	11.07
Granted		217,472			28.25
Vested		(238,964	)		15.50
Forfeited		(34,486	)		16.17
Outstanding at January 29, 2022		457,038		$	16.54