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Share-Based Compensation
 6 Months Ended
Aug. 01, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation SHARE-BASED COMPENSATION
For the twenty-six weeks ended August 1, 2020 and August 3, 2019, share-based compensation expense was $3.8 million and $3.5 million, respectively. As of August 1, 2020, approximately 11.1 million shares remain available for future grants of equity awards under our 2020 Omnibus Stock and Incentive Plan, which became effective upon shareholder approval at the 2020 Annual Meeting of Shareholders on June 25, 2020.
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 twenty-six weeks ended August 1, 2020 was as follows:

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

 
$
5.47

Granted
2,656,188

 
3.39

Vested
(928,438
)
 
7.36

Forfeited
(931,041
)
 
4.80

Unvested, end of period
3,976,725

 
3.79


Restricted Stock Units
Restricted stock units vest 100% one year from the date of grant with certain rights to defer settlement in shares of our common stock.
Restricted stock unit activity for the twenty-six weeks ended August 1, 2020 was as follows:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period
71,740

 
$
5.81

Granted
108,750

 
1.25

Vested
(16,560
)
 
8.76

Forfeited
—

 
—

Unvested, end of period
163,930

 
2.49



Performance-based Restricted Stock Units
For the twenty-six weeks ended August 1, 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 twenty-six weeks ended August 1, 2020 was as follows:
 
Number of Units/
Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period
2,042,138

 
$
2.48

Granted
1,167,187

 
3.45

Vested
(29,320
)
 
14.22

Forfeited
(763,359
)
 
3.61

Unvested, end of period
2,416,646

 
2.50


Stock Option Awards
For the twenty-six weeks ended August 1, 2020 and August 3, 2019, we did not grant any stock options.
Stock option activity for the twenty-six weeks ended August 1, 2020 was as follows:
 
Number of
Options
 
Weighted
 Average
Exercise Price
Outstanding, beginning of period
168,335

 
$
13.42

Granted
—

 
—

Exercised
—

 
—

Forfeited or expired
(87,501
)
 
13.69

Outstanding and exercisable, end of period
80,834

 
13.13