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Share-Based Compensation
3 Months Ended
May 02, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation SHARE-BASED COMPENSATION
For the thirteen weeks ended May 2, 2020 and May 4, 2019, share-based compensation expense was $1.7 million and $1.5 million, respectively. As of May 2, 2020, approximately 3.8 million shares remain available for future grants of equity awards under our Amended and Restated 2012 Omnibus Stock and Incentive Plan (the "Amended Omnibus Plan"), which was amended and restated effective June 22, 2017.
Restricted Stock Awards
Restricted stock awards vest in equal annual installments over a three-year period from the date of grant, except for a restricted stock award granted to our Chief Executive Officer ("CEO") in fiscal 2019, which vests over a four-year period from the date of grant and is described further in the Company’s Current Report on Form 8-K/A filed with the SEC on August 20, 2019.
Restricted stock award activity for the thirteen weeks ended May 2, 2020 was as follows:

Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period
3,180,016

 
$
5.47

Granted
2,266,375

 
3.75

Vested
(795,741
)
 
7.88

Forfeited
(914,021
)
 
4.81

Unvested, end of period
3,736,629

 
4.07


Performance-based Restricted Stock Units
For the thirteen weeks ended May 2, 2020, we granted performance-based restricted stock units ("PSUs"), contingent upon the achievement of Company-specific performance goals during the three fiscal years 2020 - 2022. Any units earned as a result of the achievement of the performance goal will vest 100% three years from the date of grant and will settle in shares of our common stock.
Performance-based restricted stock unit activity for the thirteen weeks ended May 2, 2020 was as follows:
 
Number of Units/
Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period
2,042,138

 
$
2.48

Granted
1,003,125

 
3.80

Vested
(29,320
)
 
14.22

Forfeited
(731,976
)
 
3.60

Unvested, end of period
2,283,967

 
2.60


Stock Option Awards
For the thirteen weeks ended May 2, 2020 and May 4, 2019, we did not grant any stock options.
Stock option activity for the thirteen weeks ended May 2, 2020 was as follows:
 
Number of
Options
 
Weighted
 Average
Exercise Price
Outstanding, beginning of period
168,335

 
$
13.42

Granted

 

Exercised

 

Forfeited or expired
(47,001
)
 
(13.78
)
Outstanding and exercisable, end of period
121,334

 
13.28