Stock-Based Compensation (Tables)

3 Months Ended

May 01, 2021

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 January 30, 2021		44,200		$	15.23
Granted		46,900			61.88
Exercised		(43,200	)		15.26
Outstanding at May 1, 2021		47,900		$	60.88		2.9

Schedule of SARs Assumptions

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

	May 1, 2021		May 2, 2020
Risk free interest rate yield curve	0.01% - 0.86%		0.10% - 0.36%
Expected dividend yield	0.9%		1.5%
Expected volatility	63.19%		62.95%
Maximum life	1.92 - 2.92 Years		1.91 - 2.91 Years
Exercise multiple	0.94 - 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 1, 2021			Thirteen Weeks Ended May 2, 2020
Stock-based compensation expense before the    recognized income tax effect	$	1,140		$	1,130
Income tax effect at statutory rate	$	(282	)	$	(342	)
Additional income tax (benefit)/expense on vesting of awards	$	(880	)	$	45

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 May 1, 2021			Thirteen Weeks Ended May 2, 2020
Stock-based compensation expense/(benefit) before the    recognized income tax effect	$	76		$	(87	)
Income tax effect at statutory rate	$	(19	)	$	26

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:

	Number of Shares			Weighted- Average Grant Date Fair Value
Restricted stock units and performance stock units at    January 30, 2021		256,508		$	22.13
Granted		107,986			56.42
Vested		(105,148	)		29.70
Restricted stock units and performance stock units at    May 1, 2021		259,346		$	33.34