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Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 28, 2023
Share-Based Payment Arrangement [Abstract]  
RSU Activity

RSU activity for the fiscal year ended January 28, 2023, was as follows:

 

 

 

Shares

 

 

Weighted Average
Grant Date
Fair Value

 

Non-Vested at January 29, 2022

 

 

926,913

 

 

$

4.60

 

Granted

 

 

419,800

 

 

 

8.35

 

Vested

 

 

(826,423

)

 

 

2.72

 

Forfeited

 

 

(120,303

)

 

 

13.14

 

Non-Vested at January 28, 2023

 

 

399,987

 

 

$

9.84

 
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Other information related to RSU activity during fiscal 2022, 2021 and 2020 is as follows:

 

 

 

52 Weeks Ended January 28, 2023

 

 

52 Weeks Ended January 29, 2022

 

 

52 Weeks Ended January 30, 2021

 

Weighted average grant date fair value of RSUs (per share)

 

$

8.35

 

 

$

24.23

 

 

$

0.92

 

Total fair value of restricted stock units vested (in thousands)

 

$

8,596

 

 

$

2,846

 

 

$

638

 
Stock Option Activity

Stock option activity for the fiscal year ended January 28, 2023 was as follows:

 

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

 

Aggregate Intrinsic
Value (in thousands)

 

Balance at January 29, 2022

 

 

85,079

 

 

$

15.08

 

 

 

 

 

 

 

Options granted

 

 

40,000

 

 

 

4.08

 

 

 

 

 

 

 

Options exercised

 

 

(2,705

)

 

 

7.14

 

 

 

 

 

 

 

Options forfeited

 

 

(24,733

)

 

 

14.24

 

 

 

 

 

 

 

Balance at January 28, 2023

 

 

97,641

 

 

$

11.00

 

 

 

5.8

 

 

$

—

 

Options Exercisable As of:

 

 

 

 

 

 

 

 

 

 

 

 

January 28, 2023

 

 

53,333

 

 

$

16.51

 

 

 

3.0

 

 

$

—

 

Other information related to option activity during fiscal 2022, 2021 and 2020 is as follows:

 

 

 

52 Weeks Ended January 28, 2023

 

 

52 Weeks Ended January 29, 2022

 

 

52 Weeks Ended January 30, 2021

 

Weighted average grant date fair value of options granted (per share)

 

$

3.11

 

 

$

—

 

 

$

—

 

Total fair value of stock options vested (in thousands)

 

$

49

 

 

$

84

 

 

$

119

 

Intrinsic value of stock options exercised (in thousands)

 

$

8

 

 

$

945

 

 

$

538

 
Weighted Average for Key Assumptions Used in Determining the Fair Value of Options Granted The weighted averages for key assumptions used in determining the fair value of options granted in fiscal 2022, and a summary of the methodology applied to develop each assumption are as follows:

 

 

 

52 Weeks Ended
January 28, 2023

 

 

Expected price volatility

 

 

91.4

%

 

Risk-free interest rate

 

 

3.4

%

 

Expected life

 

6 years

 

 

Dividend yield

 

 

0

%