Stock-Based Compensation (Tables)

3 Months Ended

May 02, 2020

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 1, 2020		67,435		$	24.23
Vested		(49,619	)		24.36
Forfeited or expired		(14,816	)		24.37
Restricted stock at May 2, 2020		3,000		$	21.46

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 1, 2020		43,200		$	34.95
Granted		43,000			13.79
Forfeited		(2,100	)		34.95
Exercised		0			0.00
Outstanding at May 2, 2020		84,100		$	24.13		2.4

Schedule of SARs Assumptions

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

	May 2, 2020		May 4, 2019
Risk free interest rate yield curve	0.10% - 0.36%		2.30% - 2.42%
Expected dividend yield	1.5%		0.9%
Expected volatility	62.95%		47.95%
Maximum life	1.91 - 2.91 Years		2.9 Years
Exercise multiple		1.29		1.29
Maximum payout	$	10.00	$	10.00
Employee exit rate	2.2% - 9.0%		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 all share-settled equity awards (restricted stock units, performance stock units and restricted stock awards):

(In thousands)	Thirteen Weeks Ended May 2, 2020		Thirteen Weeks Ended May 4, 2019
Stock-based compensation expense before the    recognized income tax effect	$	1,130	$	1,938
Income tax effect	$	342	$	247

Stock Appreciation Rights (SARs) [Member]

Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation (benefit)/expense recognized for SARs:

(In thousands)	Thirteen Weeks Ended May 2, 2020			Thirteen Weeks Ended May 4, 2019
Stock-based compensation (benefit)/expense before the    recognized income tax effect	$	(87	)	$	8
Income tax effect	$	(26	)	$	1

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 our stock-based compensation plans:

	Number of Shares			Weighted- Average Grant Date Fair Value
Restricted stock units and performance stock units at    February 1, 2020		263,135		$	29.44
Granted		158,439			14.88
Vested		(163,099	)		26.76
Forfeited		(1,717	)		31.94
Restricted stock units and performance stock units at    May 2, 2020		256,758		$	22.14