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Management Incentive Plan and Stock-Based Compensation
 12 Months Ended
Jan. 30, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Management Incentive Plan and Stock-Based Compensation Management Incentive Plan and Stock-Based CompensationThe Company also has an Incentive Compensation Plan which provides cash and performance share awards to key management and employees based on Company and individual performance.
Management incentive plan and performance share award modifications. In August 2020, the Compensation Committee of the Board of Directors approved modifications to the performance measurement goals for the management incentive plan and the performance share award program for fiscal 2020, to be based on the attainment of specific management priorities related to their response to business challenges from COVID-19, as measured and approved by the Compensation Committee, as an alternative to the previously established profitability-based performance goals. As of January 30, 2021, the Company has established an accrual for this incentive compensation based on the Compensation Committee’s assessment of progress towards achievement of these specific priorities.

For fiscal 2020, 2019, and 2018, the Company recognized stock-based compensation expense as follows:

($000)202020192018
Restricted stock$66,908 $54,975 $48,585 
Performance awards30,506 36,542 43,450 
ESPP4,154 3,921 3,550 
Total$101,568 $95,438 $95,585 

Capitalized stock-based compensation cost was not significant in any year.

At January 30, 2021, the Company had one active stock-based compensation plan, which is further described in Note H. The Company recognizes expense for ESPP purchase rights equal to the value of the 15% discount given on the purchase date.

Total stock-based compensation recognized in the Company’s Consolidated Statements of Earnings for fiscal 2020, 2019, and 2018 is as follows:

Statements of Earnings Classification ($000)202020192018
Cost of goods sold$52,267 $54,265 $45,052 
Selling, general and administrative49,301 41,173 50,533 
Total$101,568 $95,438 $95,585 
The tax benefits related to stock-based compensation expense for fiscal 2020, 2019, and 2018 were $20.6 million, $18.5 million, and $19.6 million, respectively.