Pay vs Performance Disclosure - USD ($)
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Pay Versus Performance Table
As required by Item 402(v) of Regulation S-K, the Company is providing the following information about the relationship between executive "Compensation Actually Paid" ("CAP"), as defined by SEC rules, and certain financial performance measures of the Company. For further information about how the Company seeks to align executive compensation with the Company's performance, see "Compensation Discussion and Analysis" included in this proxy statement. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our Principal Executive Officer ("PEO") and our other Named Executive Officers ("Non-PEO NEOs"), including with respect to Non-Vested Stock.
In determining the CAP to our PEO and our Non-PEO NEOs, various adjustments to the total compensation amounts that have been reported in the Summary Compensation Table ("SCT") are needed as the SEC's valuation methods for this section differ from those required in the SCT. Details regarding the adjustment amounts that were deducted from, and added to, the SCT totals to arrive at the values presented for CAP, are provided in the footnotes to the table. Compensation for the Non-PEO NEOs is reported as an average.
Value of Initial Fixed $100 Investment Based On: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fiscal Year | Summary Compensation Table Total for PEO | Compensation Actually Paid to PEO | Average Summary Compensation Table Total for Non-PEO NEOs | Average Compensation Actually Paid to Non-PEO NEOs | Total Shareholder Return | Peer Group Total Shareholder Return | Net Income (in thousands) | Pre-Bonus Net Income (in thousands) | ||||||||||||||||||||||||||||||||||||||||||
| (1) | ($) | ($) (2) | ($) | ($) (3) | ($) (4) | ($) (4) (5) | ($) | ($) (6) | ||||||||||||||||||||||||||||||||||||||||||
| 2025 | 11,706,282 | 12,807,702 | 2,554,548 | 2,718,438 | 203 | 107 | 209,744 | 316,494 | ||||||||||||||||||||||||||||||||||||||||||
| 2024 | 8,817,953 | 13,203,213 | 1,959,534 | 2,604,520 | 330 | 203 | 195,468 | 285,264 | ||||||||||||||||||||||||||||||||||||||||||
| 2023 | 9,825,399 | 9,186,319 | 2,155,931 | 2,060,804 | 242 | 176 | 219,919 | 318,607 | ||||||||||||||||||||||||||||||||||||||||||
| 2022 | 10,997,640 | 14,683,800 | 2,480,327 | 3,030,439 | 250 | 168 | 254,626 | 384,410 | ||||||||||||||||||||||||||||||||||||||||||
| 2021 | 11,994,209 | 12,689,404 | 2,738,951 | 2,851,334 | 191 | 189 | 254,820 | 393,625 | ||||||||||||||||||||||||||||||||||||||||||
(1) During 2025 and 2024, Dennis H. Nelson was the Company's President and CEO (PEO), and the remaining Non-PEO NEOs were Thomas B. Heacock, Kari G. Smith, Brett P. Milkie, and Michelle M. Hoffman. During 2023 and 2022, Dennis H. Nelson was the Company's President and CEO (PEO), and the remaining Non-PEO NEOs were Thomas B. Heacock, Kari G. Smith, Brett P. Milkie, and Kelli D. Molczyk. During 2021, Dennis H. Nelson was the Company's President and CEO (PEO), and the remaining Non-PEO NEOs were Thomas B. Heacock, Kari G. Smith, Brett P. Milkie, and Robert M. Carlberg.
(4) Cumulative total shareholder return ("TSR") is calculated assuming a fixed investment of $100, including the reinvestment of dividends (as applicable), measured from the market close on January 29, 2021 (the last trading day prior to fiscal 2021) through and including the end of the fiscal year for each year reported in the table.
(5) The peer group used for this purpose is the following published industry index: S&P Retail Select Industry Index.
(2) In accordance with the requirements of Item 402(v), the adjustments in the table below were made to our PEO's total compensation for each year to determine the compensation actually paid:
| PEO | |||||||||||||||||||||||||||||
| Fiscal 2025 | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 | |||||||||||||||||||||||||
| ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||
| Total Compensation as reported in the Summary Compensation Table | 11,706,282 | 8,817,953 | 9,825,399 | 10,997,640 | 11,994,209 | ||||||||||||||||||||||||
| (Deduct): Fair value of equity compensation granted during the covered fiscal year as reported in the Summary Compensation Table | (5,713,200) | (4,557,600) | (5,202,000) | (4,382,400) | (4,718,400) | ||||||||||||||||||||||||
| Add: Fair value at year end of equity compensation granted in the covered fiscal year that was outstanding and unvested at the covered fiscal year end | 5,581,400 | 5,617,980 | 4,481,640 | 5,115,300 | 4,309,360 | ||||||||||||||||||||||||
| Add or (Deduct): The change in fair value of any awards granted in prior years that were outstanding and unvested as of the end of the covered fiscal year | (33,480) | 1,040,040 | (579,960) | 737,640 | (256,200) | ||||||||||||||||||||||||
| Add: Fair value as of the vesting date of awards granted and vested during the covered fiscal year | 94,600 | 95,220 | 75,960 | 86,700 | 73,040 | ||||||||||||||||||||||||
| Add or (Deduct): For awards granted in prior years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year, the change in the fair value from the end of the prior fiscal year to the vesting date | (198,500) | 926,020 | (694,820) | 560,145 | (148,460) | ||||||||||||||||||||||||
| Deduct: For awards granted in prior years that failed to meet the applicable vesting conditions during the covered fiscal year (i.e., were forfeited), the amount equal to the fair value at the end of the prior fiscal year | — | — | — | — | — | ||||||||||||||||||||||||
| Add: Dollar value of any dividends or other earnings paid during the covered fiscal year prior to the vesting date that are not otherwise included in total compensation for the covered fiscal year | 1,370,600 | 1,263,600 | 1,280,100 | 1,568,775 | 1,435,855 | ||||||||||||||||||||||||
| Compensation Actually Paid to PEO | 12,807,702 | 13,203,213 | 9,186,319 | 14,683,800 | 12,689,404 | ||||||||||||||||||||||||
(3) In accordance with the requirements of Item 402(v), the adjustments in the table below were made to the Non-PEO NEOs' total compensation for each year to determine the compensation actually paid:
| Non-PEO Named Executive Officer Averages | |||||||||||||||||||||||||||||
| Fiscal 2025 | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 | |||||||||||||||||||||||||
| ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||
| Total Compensation as reported in the Summary Compensation Table | 2,554,548 | 1,959,534 | 2,155,931 | 2,480,327 | 2,738,951 | ||||||||||||||||||||||||
| (Deduct): Fair value of equity compensation granted during the covered fiscal year as reported in the Summary Compensation Table | (840,317) | (670,347) | (786,803) | (662,838) | (737,250) | ||||||||||||||||||||||||
| Add: Fair value at year end of equity compensation granted in the covered fiscal year that was outstanding and unvested at the covered fiscal year end | 812,141 | 817,464 | 671,107 | 765,994 | 666,490 | ||||||||||||||||||||||||
| Add or (Deduct): The change in fair value of any awards granted in prior years that were outstanding and unvested as of the end of the covered fiscal year | (4,924) | 152,973 | (87,719) | 110,544 | (40,005) | ||||||||||||||||||||||||
| Add: Fair value as of the vesting date of awards granted and vested during the covered fiscal year | 22,704 | 22,853 | 18,230 | 20,808 | 18,260 | ||||||||||||||||||||||||
| Add or (Deduct): For awards granted in prior years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year, the change in the fair value from the end of the prior fiscal year to the vesting date | (27,771) | 136,189 | (102,839) | 82,675 | (23,383) | ||||||||||||||||||||||||
| Deduct: For awards granted in prior years that failed to meet the applicable vesting conditions during the covered fiscal year (i.e., were forfeited), the amount equal to the fair value at the end of the prior fiscal year | — | — | — | — | — | ||||||||||||||||||||||||
| Add: Dollar value of any dividends or other earnings paid during the covered fiscal year prior to the vesting date that are not otherwise included in total compensation for the covered fiscal year | 202,057 | 185,854 | 192,897 | 232,929 | 228,271 | ||||||||||||||||||||||||
| Compensation Actually Paid to Non-PEO NEOs | 2,718,438 | 2,604,520 | 2,060,804 | 3,030,439 | 2,851,334 | ||||||||||||||||||||||||
Relationship Between Compensation Actually Paid and Cumulative Company TSR
Relationship Between Compensation Actually Paid and Company Net Income
Relationship Between Compensation Actually Paid and Pre-Bonus Net Income
Relationship Between five year cumulative TSR and five year cumulative TSR of Peer Group
Financial Performance Measures
The financial measures used by the Company to link Compensation Actually Paid (as defined by SEC rules) to the Company's Named Executive Officers for the most recently completed fiscal year to the Company's performance are:
•Pre-Bonus Net Income;
•Increase in Pre-Bonus Net Income; and
•Adjusted Net Income from Operations as a Percentage of Net Sales.
(6) The Company-selected measure is Pre-Bonus Net Income, which is a non-GAAP financial metric. Pre-Bonus Net Income is defined as the Company's Net Income from Operations after the deduction of all expenses, excluding: (i) administrative and store manager percentage bonuses; (ii) book accruals for all Non-Vested Stock compensation expense; and (iii) income taxes. In addition, Pre-Bonus Net Income excludes the full effect of any unusual, non-recurring or infrequent item of expense, including, but not limited to, an impairment charge, a restructuring charge, a change to GAAP, a regulatory change, a fine, a judgment, or related litigation costs, if any such unusual, non-recurring, and infrequent item exceeds $1 million.