Share-Based Payments (Tables)

12 Months Ended

Feb. 03, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity under the 2020 Plan for Fiscal 2023 follows:

	Fiscal Year Ending February 3, 2024
				Weighted- Average		Weighted- Average Remaining Contractual		Aggregate Intrinsic
	Options			Exercise Price		Term		Value
	(In thousands)					(In years)		(In thousands)
Outstanding - January 28, 2023		3,950		$	17.01
Granted		1,051		$	13.17
Exercised (1)		(491	)	$	12.18
Cancelled		(297	)	$	13.99
Outstanding - February 3, 2024		4,213		$	16.83		4.0		22,038
Vested and expected to vest - February 3, 2024		3,252		$	16.97		2.7		9,251
Exercisable - February 3, 2024 (2)		1,694		$	13.71		2.7		11,963

(1)Options exercised during Fiscal 2023 ranged in price from $8.62 to $17.24.

(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 February 3, 2024.

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:

	Fiscal Years Ending
	February 3,	January 28,
Black-Scholes Option Valuation Assumptions	2024	2023
Risk-free interest rate (1)	3.4%	2.5%
Dividend yield	2.8%	3.8%
Volatility factor (2)	55.7%	52.2%
Weighted-average expected term (3)	4.5 years	4.5 years

(1)Based on the United States 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 that 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
	Fiscal Year Ending					Fiscal Year Ending
	February 3, 2024					February 3, 2024
(Shares in thousands)	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Non-vested - January 28, 2023		2,749		$	17.00		1,574		$	20.11
Granted		1,939			13.42		958			15.04
Vested		(1,585	)		14.95		(421	)		15.95
Cancelled		(273	)		15.64		(88	)		22.90
Non-vested - February 3, 2024		2,830		$	15.83		2,023		$	18.45