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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Jan. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount
The following table details share-based compensation expense and the related income tax benefit for Fiscal 2020, Fiscal 2019 and Fiscal 2018:
(in thousands)Fiscal 2020Fiscal 2019Fiscal 2018
Share-based compensation expense$18,682 $14,007 $21,755 
Income tax benefit associated with share-based compensation expense recognized during the period (1)
$— $2,649 $4,562 
(1)     No income tax benefit was recognized during Fiscal 2020 due to the establishment of a valuation allowance.

The following table details discrete income tax benefits and charges related to share-based compensation awards during Fiscal 2020, Fiscal 2019 and Fiscal 2018:
(in thousands)Fiscal 2020Fiscal 2019Fiscal 2018
Income tax discrete (charges) benefits realized for tax deductions related to the issuance of shares during the period$(1,719)$1,156 $1,270 
Income tax discrete (charges) benefits realized upon cancellation of stock appreciation rights during the period(1,943)(611)(10,908)
Total income tax discrete benefits (charges) related to share-based compensation awards$(3,662)$545 $(9,638)

The following table details the amount of employee tax withheld by the Company upon the issuance of shares associated with restricted stock units vesting and the exercise of stock appreciation rights for the Fiscal 2020, Fiscal 2019 and Fiscal 2018:
(in thousands)Fiscal 2020Fiscal 2019Fiscal 2018
Employee tax withheld upon issuance of shares (1)
$5,694 $6,804 $6,937 
(1)    Classified within other financing activities on the Consolidated Statements of Cash Flows.
Schedule of Restricted Stock Unit Activity
The following table summarizes activity for restricted stock units for Fiscal 2020:
Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Number of 
Underlying
Shares (1)
Weighted-
Average Grant
Date Fair Value
Number of 
Underlying
Shares
Weighted-
Average Grant
Date Fair Value
Number of 
Underlying
Shares
Weighted-
Average Grant
Date Fair Value
Unvested at February 1, 20201,676,831 $18.68 747,056 $15.11 421,784 $23.05 
Granted2,299,339 8.63 — — 519,905 16.24 
Adjustments for performance achievement
— — 38,381 11.37 134,122 11.79 
Vested(811,253)17.36 (481,304)9.63 (350,447)11.79 
Forfeited(127,819)13.70 (6,917)22.80 (3,485)35.61 
Unvested at January 30, 2021 (2)
3,037,098 $11.62 297,216 $22.43 721,879 $21.46 

(1)    Includes 66,624 unvested restricted stock units as of January 30, 2021, subject to vesting requirements related to the achievement of certain performance metrics, such as operating income and net income, for the fiscal year immediately preceding the vesting date. Holders of these restricted stock units have the opportunity to earn back one or more installments of the award if the cumulative performance requirements are met in a subsequent year.
(2)    Unvested shares related to restricted stock units with performance-based and market-based vesting conditions are reflected at 100% of their target vesting amount in the table above. Certain unvested shares related to restricted stock units with performance-based vesting conditions can be achieved at up to 200% of their target vesting amount.

The following table details unrecognized compensation cost and the remaining weighted-average period these costs are expected to be recognized for restricted stock units as of January 30, 2021:
(in thousands)Service-based Restricted
Stock Units
Performance-based Restricted
Stock Units
Market-based Restricted
Stock Units
Unrecognized compensation cost$24,148 $— $8,628 
Remaining weighted-average period cost is expected to be recognized (years)
1.20.01.0
Schedule of Stock Appreciation Rights Activity
The following table summarizes stock appreciation rights activity for Fiscal 2020:
Number of
Underlying
Shares
Weighted-Average
Exercise Price
Aggregate
Intrinsic Value
Weighted-Average
Remaining
Contractual Life (years)
Outstanding at February 1, 2020796,725 $40.06 
Granted— — 
Exercised— — 
Forfeited or expired(411,968)46.63 
Outstanding at January 30, 2021384,757 $33.04 $177,195 3.2
Stock appreciation rights exercisable at January 30, 2021384,757 $33.04 $177,195 3.2
Stock appreciation rights expected to become exercisable in the future as of January 30, 2021— $— $— 0.0
Market-based Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Weighted-Average Estimated Fair Value and Assumptions of Market-based Restricted Stock Units
The weighted-average assumptions used for market-based restricted stock units in the Monte Carlo simulation during Fiscal 2020, Fiscal 2019 and Fiscal 2018 were as follows:
Fiscal 2020Fiscal 2019Fiscal 2018
Grant date market price$12.31 $25.34 $23.59 
Fair value$16.24 $36.24 $33.69 
Assumptions:
Price volatility67 %57 %54 %
Expected term (years)2.42.92.9
Risk-free interest rate0.2 %2.2 %2.4 %
Dividend yield— %3.2 %3.4 %
Average volatility of peer companies66.0 %40.0 %37.4 %
Average correlation coefficient of peer companies0.4967 0.2407 0.2709