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Stock-Based Compensation (Tables)
6 Months Ended
Aug. 03, 2019
Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock awards pursuant to our stock-based compensation plans:

 

 

 

Number of

Shares

 

 

Weighted-

Average Grant

Date Fair Value

 

Restricted stock at February 2, 2019

 

 

825,281

 

 

$

23.94

 

Granted

 

 

13,548

 

 

 

26.58

 

Vested

 

 

(708,367

)

 

 

23.88

 

Forfeited or expired

 

 

(40,859

)

 

 

24.26

 

Restricted stock at August 3, 2019

 

 

89,603

 

 

$

24.62

 

Summary of SARs Activity

The following table summarizes the SARs activity:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

Outstanding at February 2, 2019

 

 

0

 

 

$

0.00

 

 

 

 

 

Granted

 

 

43,900

 

 

 

34.95

 

 

 

 

 

Forfeited

 

 

0

 

 

 

0.00

 

 

 

 

 

Exercised

 

 

0

 

 

 

0.00

 

 

 

 

 

Outstanding at August 3, 2019

 

 

43,900

 

 

$

34.95

 

 

 

2.7

 

Schedule of SARs Assumptions

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

 

 

 

August 3, 2019

 

Risk free interest rate yield curve

 

1.66% - 2.11%

 

Expected dividend yield

 

1.5%

 

Expected volatility

 

48.97%

 

Maximum life

 

2.7 Years

 

Exercise multiple

 

 

1.29

 

Maximum payout

 

$

10.00

 

Employee exit rate

 

2.2% - 9.0%

 

Restricted Stock Units and Performance Stock Units [Member]  
Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation expense recognized for restricted stock awards, restricted stock units and performance stock units:

 

(In thousands)

 

Thirteen

Weeks Ended August 3, 2019

 

 

Thirteen

Weeks Ended August 4, 2018

 

 

Twenty-six

Weeks Ended August 3, 2019

 

 

Twenty-six

Weeks Ended August 4, 2018

 

Stock-based compensation expense before the recognized

   income tax benefit

 

$

1,450

 

 

$

1,728

 

 

$

3,388

 

 

$

2,844

 

Income tax benefit

 

$

356

 

 

$

373

 

 

$

630

 

 

$

666

 

Stock Appreciation Rights (SARs) [Member]  
Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation expense recognized for SARs:

 

(In thousands)

 

Thirteen

Weeks Ended August 3, 2019

 

 

Thirteen

Weeks Ended August 4, 2018

 

 

Twenty-six

Weeks Ended August 3, 2019

 

 

Twenty-six

Weeks Ended August 4, 2018

 

Stock-based compensation expense before the recognized

   income tax benefit

 

$

25

 

 

$

65

 

 

$

34

 

 

$

129

 

Income tax benefit

 

$

6

 

 

$

14

 

 

$

6

 

 

$

30

 

Restricted Stock Units and Performance Stock Units [Member]  
Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock units and performance stock units pursuant to the 2017 Plan:

 

 

 

Number of

Shares

 

 

Weighted-

Average Grant

Date Fair Value

 

Restricted stock units and performance stock units at

   February 2, 2019

 

 

202,667

 

 

$

24.98

 

Granted

 

 

184,300

 

 

 

31.28

 

Vested

 

 

(86,093

)

 

 

23.27

 

Forfeited

 

 

(2,376

)

 

 

23.27

 

Restricted stock units and performance stock units at

   August 3, 2019

 

 

298,498

 

 

$

29.38