Share-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2022

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

				Weighted- Average		Weighted- Average Remaining Contractual		Aggregate
	Options			Exercise Price		Term		Intrinsic Value
	(In thousands)					(In years)		(In thousands)
Outstanding - January 29, 2022		3,647		$	16.74
Granted		1,094		$	17.24
Exercised		(25	)	$	8.62
Cancelled		(138	)	$	10.84
Outstanding - April 30, 2022		4,578		$	17.08		4.5		6,993
Vested and expected to vest - April 30, 2022		3,182		$	17.14		3.1		2,683
Exercisable - April 30, 2022 (1)		1,042		$	11.15		3.5		4,132

(1)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 April 30, 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:

	13 Weeks Ended			13 Weeks Ended
	April 30,			May 1,
Black-Scholes Option Valuation Assumptions	2022			2021
Risk-free interest rate (1)		2.5	%		0.9	%
Dividend yield		3.8	%		1.6	%
Volatility factor (2)		52.2	%		50.7	%
Weighted-average expected term (3)	4.5 years			4.5 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 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 Company’s restricted stock activity is presented in the following tables:

	Time-Based Restricted Stock Units					Performance-Based Restricted Stock Units
	April 30, 2022					April 30, 2022
(Shares in thousands)	Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value
Non-vested - January 29, 2022		2,702		$	16.25		1,462		$	20.95
Granted		1,484		$	16.96		524		$	19.00
Vested		(886	)	$	13.97		(257	)	$	21.28
Cancelled		(132	)	$	13.58		(27	)	$	16.89
Non-vested - April 30, 2022		3,168		$	17.33		1,702		$	20.36