XML 33 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
 3 Months Ended
May 05, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-based compensation expense by type of grant
Stock-based compensation expense by type of grant for each period presented was as follows (in thousands):
 
Three Months Ended
 
May 5, 2018
 
April 29, 2017
Non-vested stock
$
1,187

 
$
1,508

Restricted stock units
492

 
73

Stock-settled performance share units
371

 
674

Cash-settled performance share units
54

 
—

Total compensation expense
2,104

 
2,255

Related tax benefit
—

 
(848
)
Stock-based compensation expense, net of tax
$
2,104

 
$
1,407
Non-vested stock activity
The following table summarizes non-vested stock activity for the three months ended May 5, 2018:
 
Non-vested Stock
 
Number of Shares
 
Weighted
Average Grant
 Date Fair Value
Outstanding at February 3, 2018
 
1,637,037

 
$
6.67

Granted
 
420,000

 
2.19

Vested
 
(379,170
)
 
10.87

Forfeited
 
(47,743
)
 
2.73

Outstanding at May 5, 2018
 
1,630,124

 
4.65
Restricted stock units activity
The following table summarizes RSU activity for the three months ended May 5, 2018:
 
Restricted Stock Units
 
Number of Units
 
Weighted
Average Grant
 Date Fair Value
Outstanding at February 3, 2018
 
1,283,750

 
$
2.14

Granted
 
1,375,000

 
2.19

Vested
 
(277,186
)
 
2.12

Outstanding at May 5, 2018
 
2,381,564

 
2.17
Stock-settled performance share units activity
The following table summarizes stock-settled PSU activity for the three months ended May 5, 2018:

Period Granted
 
Target PSUs
Outstanding at February 3, 2018
 
Target PSUs Granted
 
Target PSUs
Outstanding at May 5, 2018
 
Weighted Average
Grant Date
Fair Value
per Target PSU
2016
 
321,706

 
—

 
321,706

 
$
8.69

2017
 
600,000

 
—

 
600,000

 
1.80

2018
 
—

 
280,000

 
280,000

 
3.05

Total
 
921,706

 
280,000

 
1,201,706

 
3.94
Cash-settled performance share units activity
The following table summarizes cash-settled PSU activity three months ended May 5, 2018:

Period Granted
 
Target PSUs
Outstanding at February 3, 2018
 
Target PSUs Granted
 
Target PSUs
Outstanding at May 5, 2018
 
Weighted Average
Grant Date
Fair Value
per Target PSU
2018
 
—

 
460,000

 
460,000

 
$
3.05
Stock appreciation rights award activity
The following table summarizes SARs activity for the three months ended May 5, 2018:
Stock Appreciation Rights
 
Number of Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value
(in thousands)
Outstanding, vested and exercisable at February 3, 2018
 
97,900

 
$
18.83

 
 
 
 
Expired
 
(97,700
)
 
18.84

 
 
 
 
Outstanding, vested and exercisable at May 5, 2018
 
200

 
$
16.10

 
0.05
 
$
—