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Stock-Based Compensation (Tables)
12 Months Ended
Feb. 01, 2025
Share-Based Payment Arrangement [Abstract]  
RSU Activity

RSU activity for the fiscal year ended February 1, 2025, was as follows:

 

 

 

Shares

 

 

Weighted Average
Grant Date
Fair Value

 

Non-Vested at February 3, 2024

 

 

397,682

 

 

$

4.07

 

Granted

 

 

402,585

 

 

 

2.29

 

Vested

 

 

(215,591

)

 

 

4.23

 

Forfeited

 

 

(67,525

)

 

 

2.89

 

Non-Vested at February 1, 2025

 

 

517,151

 

 

$

2.77

 

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

Other information related to RSU activity during fiscal 2024, 2023 and 2022 is as follows:

 

 

 

52 Weeks Ended February 1, 2025

 

 

53 Weeks Ended February 3, 2024

 

 

52 Weeks Ended January 28, 2023

 

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

 

$

2.29

 

 

$

2.83

 

 

$

8.35

 

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

 

$

455

 

 

$

560

 

 

$

8,596

 

Stock Option Activity

Stock option activity for the fiscal year ended February 1, 2025 was as follows:

 

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

 

Aggregate Intrinsic
Value (in thousands)

 

Balance at February 3, 2024

 

 

259,222

 

 

$

5.49

 

 

 

 

 

 

 

Options granted

 

 

228,126

 

 

 

3.40

 

 

 

 

 

 

 

Options forfeited

 

 

(46,039

)

 

 

5.13

 

 

 

 

 

 

 

Balance at February 1, 2025

 

 

441,309

 

 

$

4.45

 

 

 

8.1

 

 

$

 

Options Exercisable As of:

 

 

 

 

 

 

 

 

 

 

 

 

February 1, 2025

 

 

146,743

 

 

$

6.34

 

 

 

6.7

 

 

$

 

Other information related to option activity during fiscal 2024, 2023 and 2022 is as follows:

 

 

 

52 Weeks Ended February 1, 2025

 

 

53 Weeks Ended February 3, 2024

 

 

52 Weeks Ended January 28, 2023

 

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

 

$

1.82

 

 

$

2.06

 

 

$

3.11

 

Total fair value of stock options vested (in thousands)

 

$

235

 

 

$

57

 

 

$

49

 

Intrinsic value of stock options exercised (in thousands)

 

$

 

 

$

 

 

$

8

 

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 2024, 2023 and 2022, and a summary of the methodology applied to develop each assumption are as follows:

 

 

 

52 Weeks Ended
February 1, 2025

 

 

53 Weeks Ended February 3, 2024

 

 

52 Weeks Ended
January 28, 2023

 

Expected price volatility

 

 

93.5

%

 

 

92.4

%

 

 

91.4

%

Risk-free interest rate

 

 

4.1

%

 

 

3.3

%

 

 

3.4

%

Expected life

 

6 years

 

 

6 years

 

 

6 years

 

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%