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SHARE-BASED COMPENSATION
9 Months Ended
Oct. 28, 2023
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION
For the thirty-nine weeks ended October 28, 2023 and October 29, 2022, share-based compensation expense was $9.1 million and $10.3 million, respectively. As of October 28, 2023, approximately 10.4 million shares remain available for future grants of equity awards under our 2020 Omnibus Stock and Incentive Plan.
Restricted Stock Awards
    Restricted stock awards vest in equal annual installments over a three-year period from the date of grant, except for a (i) restricted stock award granted to our then Chief Executive Officer in fiscal 2019, which vests over a four-year period from the date of grant, and (ii) restricted stock awards granted in March 2021, which vest 50% one year from the date of grant, 30% two years from the date of grant, and 20% three years from the date of grant.
Restricted stock award activity for the thirty-nine weeks ended October 28, 2023 was as follows:
Number of
Shares
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period4,611,801 $4.02 
Granted2,146,506 5.85 
Vested(2,399,562)3.77 
Forfeited(418,664)5.02 
Unvested, end of period3,940,081 5.06 
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, except for (i) restricted stock units granted in March 2021, which vest 50% one year from the date of grant, 30% two years from the date of grant, and 20% three years from the date of grant, and (ii) restricted stock units granted in March 2022, which vest in equal annual installments over a three-year period from the date of grant.
Restricted stock unit activity for the thirty-nine weeks ended October 28, 2023 was as follows:
Number of
Shares
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period406,218 $2.46 
Granted27,462 5.28 
Vested(274,573)2.17 
Unvested, end of period159,107 3.46 
Performance-based Restricted Stock Units
During the thirty-nine weeks ended October 28, 2023, we granted performance-based restricted stock units (“PSUs”), contingent upon the achievement of Company-specific performance goals during the three fiscal years 2023 through 2025. Any units earned as a result of the achievement of the performance goals of the PSUs will vest three years from the date of grant and will be settled in shares of our common stock.
PSU activity for the thirty-nine weeks ended October 28, 2023 was as follows:
Number of Units/
Shares
Weighted
Average
Grant Date
Fair Value
Unvested, beginning of period2,696,449 $3.48 
Granted1,239,354 5.70 
Vested(753,078)3.17 
Forfeited(193,703)5.45 
Unvested, end of period2,989,022 4.35