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Management Incentive Plan and Stock-Based Compensation
 12 Months Ended
Jan. 29, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Management Incentive Plan and Stock-Based Compensation Management Incentive Plan and Stock-Based Compensation
The Company has incentive compensation programs which provide cash incentive bonuses and performance share awards to key management and employees based on Company and individual performance.

For fiscal 2021, the Compensation Committee of the Board of Directors established the performance measures for determining incentive compensation amounts based on a combination of profitability-based performance goals and the attainment of specific management priorities related to business challenges from the COVID-19 pandemic, as measured and approved by the Compensation Committee. As of January 29, 2022, the Company has established an accrual for this incentive compensation based on its attainment of the profitability-based performance goals and the Compensation Committee’s assessment of achievement of the specific business priorities.

For the fiscal 2020 management incentive bonus plan and performance share awards, the Compensation Committee approved modifications in August 2020 to the performance measurement goals, to be based on the attainment of specific management priorities related to business challenges from the COVID-19 pandemic, as measured and approved by the Compensation Committee, as an alternative to the previously established profitability-based performance goals for 2020.

For fiscal 2021, 2020, and 2019, the Company recognized stock-based compensation expense as follows:

($000)202120202019
Restricted stock$72,210 $66,908 $54,975 
Performance awards57,582 30,506 36,542 
ESPP4,425 4,154 3,921 
Total$134,217 $101,568 $95,438 

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

At January 29, 2022, 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 2021, 2020, and 2019 is as follows:

Statements of Earnings Classification ($000)
202120202019
Cost of goods sold$66,500 $52,267 $54,265 
Selling, general and administrative67,717 49,301 41,173 
Total$134,217 $101,568 $95,438 
The tax benefits related to stock-based compensation expense for fiscal 2021, 2020, and 2019 were $25.6 million, $20.6 million, and $18.5 million, respectively.