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Stock-Based Compensation (Tables)
12 Months Ended
Jan. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The compensation cost for these plans was as follows (in thousands):

Fiscal Year Ended
January 30,
2021
(52 weeks)
February 1,
2020
(52 weeks)
February 2,
2019
(52 weeks)
Stock-based compensation expense by type:
Stock options
$90 $92 $185 
Restricted stock units
3,495 2,370 3,932 
Employee stock purchases
120 97 105 
Director deferred compensation
94 94 94 
Total stock-based compensation expense
3,799 2,653 4,316 
Income tax benefit recognized
882 622 958 
Stock-based compensation expense, net of income tax
$2,917 $2,031 $3,358 
Share-based Compensation, Stock Options, Activity
Activity for our option plans during Fiscal 2021 was as follows:
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value
($000’s)
Options outstanding at February 1, 2020287,222 $36.52 4.36$383 
Granted27,000 12.30 
Exercised(63,290)28.01 
Forfeited, cancelled or expired(23,674)25.69 
Options outstanding at January 30, 2021227,258 $37.15 4.39$4,407 
Exercisable at January 30, 2021227,258 $37.15 4.39$4,407 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes the restricted stock unit awards activity under all our plans during Fiscal 2021:

RSUsPSUsTotals
Number of
Awards
Weighted
Average
Grant-Date
Fair Value
Number of
Awards
Weighted
Average
Grant-Date
Fair Value
Number of
Awards
Weighted
Average
Grant-Date
Fair Value
Restricted stock unit awards outstanding at February 1, 2020529,696 $24.25 56,355 $24.05 586,051 $24.23 
Granted337,749 12.42 — — 337,749 12.42 
PSU adjustment (1)— — (8,575)32.62 (8,575)32.62 
Vested(138,642)27.79 (8,400)36.49 (147,042)28.29 
Forfeited, cancelled or expired(73,772)19.82 (20,320)19.80 (94,092)19.81 
Restricted stock unit awards outstanding at January 30, 2021655,031 $17.98 19,060 $19.56 674,091 $18.02 

(1)PSU adjustment represents the net RSUs awarded to our NEOs above and below their target grants resulting from the achievement of performance goals above or below the performance targets established at grant. One grant goal was achieved at 65% and another grant goal was forfeited for performance equity awards whose final achievement was based on Fiscal 2018 through Fiscal 2020 financial results resulting in a net negative adjustment.
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity Our employee purchases of common stock and the average price per share through the ESPP were as follows:
Fiscal Year EndedShares
Purchased
Average Price
Per Share
January 30, 202136,059 $11.99 
February 1, 202026,116 $15.02 
February 2, 201926,077 $15.96 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The assumptions used in the option pricing model were as follows:

Fiscal Year Ended
January 30,
2021
February 1,
2020
February 2,
2019
Weighted average fair value at date of grant$4.18$4.18$4.75
Expected life (years)0.250.250.25
Expected volatility
41.4% - 50.2%
34.3% - 36.5%
34.8% - 36.1%
Risk-free interest rate
0.20% - 3.60%
4.24% - 5.73%
3.26% - 5.21%
Dividend yieldNoneNoneNone