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Stock Based Compensation (Tables)
 12 Months Ended
Feb. 02, 2019
Schedule of Stock Options Exercised

The following table summarizes information regarding options exercised:

 

(In thousands)

 

2018

 

 

2017

 

 

2016

 

Total intrinsic value (1)

 

$

0

 

 

$

127

 

 

$

0

 

Total cash received

 

$

0

 

 

$

54

 

 

$

0

 

Associated excess income tax benefits recorded

 

$

0

 

 

$

0

 

 

$

0

 

 

(1)

Defined as the difference between the market value at exercise and the grant price of stock options exercised.
Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock awards pursuant to our stock-based compensation plans:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

Restricted stock at February 3, 2018

 

 

915,925

 

 

$

23.62

 

Granted

 

 

10,998

 

 

 

32.74

 

Vested

 

 

(49,992

)

 

 

26.61

 

Forfeited

 

 

(51,650

)

 

 

17.65

 

Restricted stock at February 2, 2019

 

 

825,281

 

 

$

23.94

 
Summary of SARs Activity

The following table summarizes SARs activity:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

Outstanding at February 3, 2018

 

 

103,475

 

 

$

24.26

 

 

 

 

 

Exercised

 

 

(103,475

)

 

 

24.26

 

 

 

 

 

Outstanding at February 2, 2019

 

 

0

 

 

$

0.00

 

 

 

0.0

 
Schedule of SARs Assumptions

The fair value was estimated using a trinomial lattice model with the following assumptions:

 

 

 

February 3,

2018

 

 

January 28,

2017

 

Risk free interest rate yield curve

 

1.40% - 2.58

%

 

0.49% - 1.94

%

Expected dividend yield

 

 

1.3

%

 

 

1.1

%

Expected volatility

 

 

39.21

%

 

 

35.51

%

Maximum life

 

2.1 Years

 

 

3.1 Years

 

Exercise multiple

 

 

1.34

 

 

 

1.34

 

Maximum payout

 

 

$   10.00

 

 

 

$  10.00

 

Employee exit rate

 

2.2% - 9.0

%

 

2.2% - 9.0

%
Restricted Stock Units and Performance Stock Units [Member]  
Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation expense recognized for restricted stock awards, restricted stock units and performance stock units:

 

(In thousands)

 

2018

 

 

2017

 

 

2016

 

Stock-based compensation expense before the

   recognized income tax benefit

 

$

9,591

 

 

$

5,041

 

 

$

3,507

 

Income tax benefit

 

$

2,328

 

 

$

2,490

 

 

$

1,322

 
Stock Appreciation Rights (SARs) [Member]  
Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation recognized for SARs:

 

(In thousands)

 

2018

 

 

2017

 

 

2016

 

Stock-based compensation before the

   recognized income tax effect

 

$

540

 

 

$

(61

)

 

$

276

 

Income tax effect

 

$

131

 

 

$

(30

)

 

$

104

 
Restricted Stock Units and Performance Stock Units [Member]  
Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock units and performance stock units pursuant to our stock-based compensation plans:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

Restricted stock units and performance stock units at February 3, 2018

 

 

4,000

 

 

$

19.55

 

Granted

 

 

200,000

 

 

 

25.05

 

Vested

 

 

(1,333

)

 

 

19.55

 

Forfeited

 

 

0

 

 

 

0.00

 

Restricted stock units and performance stock units at February 2, 2019

 

 

202,667

 

 

$

24.98