Stock-Based Compensation

3 Months Ended

Apr. 29, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

For the thirteen weeks ended April 29, 2017 and April 30, 2016, stock-based compensation expense was $5.8 million and $5.5 million, respectively. As of April 29, 2017, approximately 4.1 million shares remain available for future grants of equity awards under our 2012 Omnibus Stock and Incentive Plan.

Restricted Stock Awards

Restricted stock award activity for the thirteen weeks ended April 29, 2017 was as follows:



	Number of Shares		Weighted Average Grant Date Fair Value
Unvested, beginning of period	2,463,186		$	13.87
Granted	1,172,690		14.22
Vested	(796,926	)	15.10
Forfeited	(58,141	)	14.37
Unvested, end of period	2,780,809		13.65

Performance-based Stock Units

For the thirteen weeks ended April 29, 2017, we granted performance-based restricted stock units (“PSUs”), contingent upon the achievement of a Company-specific performance goal during fiscal 2017. Any units earned as a result of the achievement of this goal will be settled in unvested shares of our common stock on the first anniversary of the grant date, with shares vesting on the second and third anniversary dates.

Performance-based restricted stock unit activity for the thirteen weeks ended April 29, 2017 was as follows:



	Number of Shares		Weighted Average Grant Date Fair Value
Unvested, beginning of period	652,248		$	13.28
Granted	601,052		13.93
Vested	(273,227	)	13.54
Forfeited	(51,222	)	12.84
Unvested, end of period	928,851		13.65

Stock Option Awards

For the thirteen weeks ended April 29, 2017 and April 30, 2016, we did not grant any stock options.

Stock option activity for the thirteen weeks ended April 29, 2017 was as follows:



	Number of Shares		Weighted Average Exercise Price
Outstanding, beginning of period	577,246		$	13.58
Granted	—		—
Exercised	(8,000	)	10.15
Forfeited or expired	(40,667	)	15.25
Outstanding and exercisable at April 29, 2017	528,579		13.51

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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