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Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 30, 2021
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

 

Granted

 

 

12,045

 

 

 

24.91

 

Vested

 

 

(64,664

)

 

 

24.33

 

Forfeited

 

 

(14,816

)

 

 

24.37

 

Restricted stock at January 30, 2021

 

 

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 February 1, 2020

 

 

43,200

 

 

$

34.95

 

 

 

 

 

Granted

 

 

43,000

 

 

 

13.79

 

 

 

 

 

Forfeited

 

 

(5,600

)

 

 

28.15

 

 

 

 

 

Exercised

 

 

(36,400

)

 

 

34.95

 

 

 

 

 

Outstanding at January 30, 2021

 

 

44,200

 

 

$

15.23

 

 

 

2.1

 
Schedule of SARs Assumptions

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

 

 

 

January 30,

2021

 

 

February 1,

2020

 

Risk free interest rate yield curve

 

0.07%-0.45

%

 

1.30%-1.56

%

Expected dividend yield

 

 

0.8

%

 

 

0.9

%

Expected volatility

 

 

63.11

%

 

 

48.63

%

Maximum life

 

2.1 Years

 

 

2.2 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)

 

2020

 

 

2019

 

 

2018

 

Stock-based compensation expense before the

   recognized income tax benefit

 

$

3,426

 

 

$

6,226

 

 

$

9,591

 

Income tax benefit

 

$

884

 

 

$

1,346

 

 

$

2,328

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

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

 

(In thousands)

 

2020

 

 

2019

 

 

2018

 

Stock-based compensation before the

   recognized income tax effect

 

$

423

 

 

$

228

 

 

$

540

 

Income tax effect

 

$

109

 

 

$

49

 

 

$

131

 
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

 

 

159,189

 

 

 

14.96

 

Vested

 

 

(164,099

)

 

 

26.80

 

Forfeited

 

 

(1,717

)

 

 

31.94

 

Restricted stock units and performance stock units at January 30, 2021

 

 

256,508

 

 

$

22.13