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Stock-Based Compensation (Tables)
9 Months Ended
Nov. 02, 2019
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 2, 2019

 

 

825,281

 

 

$

23.94

 

Granted

 

 

13,548

 

 

 

26.58

 

Vested

 

 

(711,701

)

 

 

23.89

 

Forfeited or expired

 

 

(42,345

)

 

 

24.27

 

Restricted stock at November 2, 2019

 

 

84,783

 

 

$

24.62

 

Summary of SARs Activity

The following table summarizes the SARs activity:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

Outstanding at February 2, 2019

 

 

0

 

 

$

0.00

 

 

 

 

 

Granted

 

 

43,900

 

 

 

34.95

 

 

 

 

 

Forfeited

 

 

0

 

 

 

0.00

 

 

 

 

 

Exercised

 

 

0

 

 

 

0.00

 

 

 

 

 

Outstanding at November 2, 2019

 

 

43,900

 

 

$

34.95

 

 

 

2.4

 

Schedule of SARs Assumptions

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

 

 

 

November 2, 2019

 

Risk free interest rate yield curve

 

1.53% - 1.58%

 

Expected dividend yield

 

1.0%

 

Expected volatility

 

50.03%

 

Maximum life

 

2.4 Years

 

Exercise multiple

 

 

1.29

 

Maximum payout

 

$

10.00

 

Employee exit rate

 

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)

 

Thirteen

Weeks Ended November 2, 2019

 

 

Thirteen

Weeks Ended November 3, 2018

 

 

Thirty-nine

Weeks Ended November 2, 2019

 

 

Thirty-nine

Weeks Ended November 3, 2018

 

Stock-based compensation expense before the

   recognized income tax benefit

 

$

1,655

 

 

$

4,193

 

 

$

5,043

 

 

$

7,037

 

Income tax benefit

 

$

412

 

 

$

1,085

 

 

$

1,055

 

 

$

1,706

 

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

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

 

(In thousands)

 

Thirteen

Weeks Ended November 2, 2019

 

 

Thirteen

Weeks Ended November 3, 2018

 

 

Thirty-nine

Weeks Ended November 2, 2019

 

 

Thirty-nine

Weeks Ended November 3, 2018

 

Stock-based compensation expense before the recognized

   income tax benefit

 

$

104

 

 

$

0

 

 

$

139

 

 

$

129

 

Income tax benefit

 

$

26

 

 

$

0

 

 

$

29

 

 

$

30

 

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 the 2017 Plan:

 

 

 

Number of

Shares

 

 

Weighted-

Average Grant

Date Fair Value

 

Restricted stock units and performance stock units at

   February 2, 2019

 

 

202,667

 

 

$

24.98

 

Granted

 

 

187,745

 

 

 

31.29

 

Vested

 

 

(92,759

)

 

 

24.55

 

Forfeited

 

 

(13,161

)

 

 

26.82

 

Restricted stock units and performance stock units at

   November 2, 2019

 

 

284,492

 

 

$

29.20