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Stock-Based Compensation
3 Months Ended
Apr. 29, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
The stock-based compensation costs that have been charged against income were as follows (in thousands):

13-Weeks Ended
April 29,
2023
April 30,
2022
Stock-based compensation expense by type:
Stock options
$220 $155 
Restricted stock units1,653 2,125 
Employee stock purchases
106 158 
Director deferred compensation26 17 
  Total stock-based compensation expense2,005 2,455 
Income tax benefit recognized454 557 
  Stock-based compensation expense, net of income tax$1,551 $1,898 

Expense for restricted stock units is shown net of forfeitures which were immaterial for the 13-weeks ended April 29, 2023 and April 30, 2022.
We granted the following equity awards:
13-Weeks Ended
April 29,
2023
April 30,
2022
Stock options
8,188 7,212 
Restricted stock unit awards
78,515 107,848 
Performance-based restricted stock unit awards
39,567 49,978 
Deferred stock units
450 405 

At April 29, 2023, the total compensation cost not yet recognized related to unvested restricted stock unit awards was $11.5 million and the weighted-average period over which such awards are expected to be recognized was 1.5 years. There were no unrecognized compensation costs related to unvested stock options at April 29, 2023.

Details of stock options granted, exercise price per share and the weighted-average grant date fair value were as follows:

13-Weeks Ended
April 29,
2023
April 30,
2022
Total stock options granted8,188 7,212 
Exercise price$58.38 $46.22 
Fair value of stock options$26.87 $21.46 
Under the Hibbett, Inc. Amended and Restated Non-Employee Director Equity Plan, 10,469 shares of our common stock were awarded during the 13-weeks ended April 29, 2023 and 6,388 shares of our common stock were awarded during the 13-weeks ended April 30, 2022.
The number of shares purchased, the average price per share and the weighted-average grant date fair value of shares purchased through our employee stock purchase plan were as follows:
13-Weeks Ended
April 29,
2023
April 30,
2022
Shares purchased7,026 14,273 
Average price per share$50.13 $61.14 
Weighted-average fair value at grant date$17.60 $18.03