Share-Based Payments (Tables)

12 Months Ended

Jan. 29, 2022

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity under the 2017 and 2020 Plans for Fiscal 2021 follows:

	For the Year Ended January 29, 2022
				Weighted- Average		Weighted- Average Remaining Contractual		Aggregate Intrinsic
	Options			Exercise Price		Term		Value
	(In thousands)					(In years)		(In thousands)
Outstanding - January 30, 2021		3,940		$	14.87
Granted		478		$	31.46
Exercised (1)		(771	)	$	16.33
Cancelled		—		$	—
Outstanding - January 29, 2022		3,647		$	16.74		4.3	$	24,980
Vested and expected to vest - January 29, 2022		2,513		$	16.62		3.1	$	13,231
Exercisable - January 29, 2022 (2)		1,788		$	16.28		1.6	$	10,949

(1)Options exercised during Fiscal 2021 ranged in price from $8.62 to $21.41.

(2)Options exercisable represent “in-the-money” vested options based upon the weighted average exercise price of vested options compared to the Company’s stock price on January 29, 2022.

Black-Scholes Option Valuation Assumptions

The fair value of stock options was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

	For the Years Ended
	January 29,	January 30,
Black-Scholes Option Valuation Assumptions	2022	2021
Risk-free interest rates (1)	0.9%	0.3 - 0.6%
Dividend yield	1.6%	3.5 - 6.0%
Volatility factors of the expected market price of    the Company's common stock (2)	50.7%	43.1 - 48.7%
Weighted-average expected term (3)	4.5 years	4.4 years

(1)Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of our stock options.

(2)Based on the historical volatility of the Company’s common stock.

(3)Represents the period of time options are expected to be outstanding. The weighted average expected option terms were determined based on historical experience.

Summary of Restricted Stock Activity

A summary of the activity of the Company’s restricted stock is presented in the following tables:

	Time-Based Restricted Stock Units					Performance- Based Restricted Stock Units
	For the year ended					For the year ended
	January 29, 2022					January 29, 2022
(Shares in thousands)	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Non-vested - January 30, 2021		3,698		$	12.42		1,868		$	17.44
Granted		724			32.40		339			39.54
Vested		(1,483	)		14.92		(418	)		22.22
Cancelled/Forfeited		(237	)		14.20		(327	)		18.56
Non-vested - January 29, 2022		2,702		$	16.25		1,462		$	20.95