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Share-Based Compensation (Tables)
12 Months Ended
Jan. 29, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense recognized under all of the Company's stock plans
The following summarizes the share-based compensation expense recognized under all of the Company’s stock plans (in thousands):
Year EndedYear EndedYear Ended
Jan 29, 2022Jan 30, 2021Feb 1, 2020
Stock options$3,528 $3,430 $2,811 
Stock awards/units17,385 15,110 21,250 
ESPP206 290 229 
Total share-based compensation expense$21,119 $18,830 $24,290 
Schedule of stock option activity under all of the Company's stock plans
The following summarizes the stock option activity under all of the Company’s stock plans:
Number of SharesWeighted Average
Exercise Price
Weighted Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value ($000’s)
Options outstanding at January 30, 20213,505,230 $17.64   
Granted— $—   
Exercised(191,435)$17.41   
Forfeited(27,725)$15.52   
Expired(188,912)$35.58   
Options outstanding at January 29, 20223,097,158 $16.58 6.37$17,664 
Exercisable at January 29, 20221,827,018 $18.50 5.41$8,028 
Schedule of weighted average assumptions used for stock option grants The following weighted average assumptions were used for grants:
Year EndedYear Ended
Valuation AssumptionsJan 30, 2021Feb 1, 2020
Risk-free interest rate0.3 %2.3 %
Expected stock price volatility91.6 %48.9 %
Expected dividend yield5.1 %3.4 %
Expected life of stock options4.3 years4.4 years
Schedule of nonvested stock awards/units activity under all of the Company's stock plans
The following summarizes the nonvested stock awards/units activity under all of the Company’s stock plans:
Number of Awards/UnitsWeighted Average Grant Date Fair Value
Nonvested at January 30, 20212,178,690 $13.16 
Granted1,199,825 $24.21 
Vested(783,276)$16.87 
Forfeited(319,646)$20.17 
Nonvested at January 29, 20222,275,593 $16.72 
Schedule of activity for nonvested performance-based units and nonvested market-based units
The following summarizes the activity for nonvested performance-based units and nonvested market-based units included in the above:
Performance-Based UnitsMarket-Based Units
Number of UnitsWeighted Average Grant Date Fair ValueNumber of UnitsWeighted Average Grant Date Fair Value
Nonvested at January 30, 2021769,632 $16.15 509,012 $8.67 
Granted1
242,898 $26.40 494,623 $21.48 
Vested1
(166,761)$14.07 (125,822)$20.28 
Forfeited(201,956)$21.83 — $— 
Nonvested at January 29, 2022643,813 $18.78 877,813 $14.22 
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1Amounts include, as a result of the achievement of certain market-based vesting conditions, 41,955 shares that vested in addition to the original target number of shares granted in fiscal 2019.
Schedule of assumptions used for market-based nonvested stock units The following assumptions were used for the grants:
Year EndedYear Ended
Valuation AssumptionsJan 29, 2022Jan 30, 2021
Risk-free interest rate0.6 %0.2 %
Expected stock price volatility78.4 %62.8 %
Expected dividend yield— %— %
Expected life of market-based awards3.5 years2.6 years
Schedule of weighted average assumptions used for ESPP
The fair value of stock compensation expense associated with the Company’s ESPP was estimated on the date of grant using the Black-Scholes option-pricing valuation model with the following weighted average assumptions used for grants:
Year EndedYear EndedYear Ended
Valuation AssumptionsJan 29, 2022Jan 30, 2021Feb 1, 2020
Risk-free interest rate0.0 %0.1 %2.0 %
Expected stock price volatility50.4 %145.9 %51.7 %
Expected dividend yield2.4 %1.4 %3.4 %
Expected life of ESPP options3 months3 months3 months