v3.25.1
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Feb. 01, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Company’s Stock-Based Compensation Expense
The following table summarizes the Company’s stock-based compensation expense (benefit):
 Fiscal Years Ended
 February 1,
2025		February 3,
2024		January 28,
2023
(in thousands)
Deferred Awards$2,956 $6,619 $9,937 
Performance Awards (1)
9,830 (12,195)19,213 
Total stock-based compensation expense (benefit) (2)
$12,786 $(5,576)$29,150 
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(1)    Included within the Performance Awards expense for Fiscal 2024 was a combination of ongoing expense associated with existing grants and $9.9 million associated with increasing the attainment level of certain Performance Awards due to the change of control of the Company, partially offset by the reversal of unvested expense related to forfeited awards for employees no longer at the Company. Included within the Performance Awards benefit for Fiscal 2023 was a combination of ongoing expense associated with existing grants and $13.5 million of credits resulting from (i) a change in estimate based on revised expectations of the attainment levels for performance metrics of certain awards, and (ii) the reversal of unvested expense related to forfeited awards for employees no longer with the Company.
(2)    Stock-based compensation expense (benefit) recorded within Cost of sales (exclusive of depreciation and amortization) amounted to $1.1 million, $0.4 million, and $2.2 million in Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively. All other stock-based compensation expense is included in Selling, general, and administrative expenses.
Schedule of Unvested Deferred Award Roll Forward
Deferred Awards
Fiscal Years Ended
February 1, 2025February 3, 2024January 28, 2023
 Number of
Shares		Weighted
Average
Grant Date
Fair Value		Number of
Shares		Weighted
Average
Grant Date
Fair Value		Number of
Shares		Weighted
Average
Grant Date
Fair Value
 (in thousands) (in thousands)(in thousands) 
Unvested Deferred Awards at beginning of year238 $31.99 282 $49.78 467 $57.60 
Granted183 16.27 170 25.35 159 46.56 
Vested (158)28.86 (203)50.08 (222)62.13 
Forfeited(110)33.78 (11)52.27 (122)53.09 
Unvested Deferred Awards at end of year153 $15.23 238 $31.99 282 $49.78 
Schedule of Unvested Performance Award Roll Forward
Performance Awards
Fiscal Years Ended
February 1, 2025February 3, 2024January 28, 2023
 
Number of
Shares(1)
Weighted
Average
Grant Date
Fair Value
Number of
Shares(1)
Weighted
Average
Grant Date
Fair Value
Number of
Shares(1)
Weighted
Average
Grant Date
Fair Value
 (in thousands) (in thousands) (in thousands) 
Unvested Performance Awards at beginning of year296 $51.98 483 $55.85 366 $70.01 
Granted182 14.17 131 21.55 90 48.84 
Shares earned in excess of (below) Target Shares— — — — 192 48.17 
Vested shares, including shares earned in excess of Target Shares(114)75.97 (300)44.71 (58)101.62 
Forfeited(112)27.18 (18)55.01 (107)59.86 
Unvested Performance Awards at end of year252 $24.92 296 $51.98 483 $55.85 
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(1)For awards for which the performance period is complete, the number of unvested shares is based on actual shares that will vest upon completion of the service period. For awards for which the performance period is not yet complete, the number of unvested shares is based on the participants earning their Target Shares at 100%.