v3.26.1
Stock-Based Compensation
3 Months Ended
May 02, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

(12) Stock-Based Compensation

Stock-Based Compensation

During the 13 weeks ended May 2, 2026 and May 3, 2025, the Company recognized total stock-based compensation expense of $779 and $793, respectively. Compensation expense related to the Company’s stock-based payment awards is recognized in selling, general, and administrative expenses in the condensed consolidated statements of operations.

Employee Stock Plan

As of May 2, 2026, the number of shares available for awards under the Amended and Restated 2019 Performance Incentive Plan (as amended and restated, the “Amended 2019 Plan”) was 536. As of May 2, 2026, there were 2,762 unvested stock awards outstanding under the 2019 Plan.

Employee Stock Purchase Plan

The Company also maintains an Amended and Restated Employee Stock Purchase Plan (the “ESPP”) that was approved by the Company’s stockholders in fiscal year 2015, under which 1,600 shares of common stock were authorized. During the 13 weeks ended May 2, 2026, no shares were issued under the ESPP and, as of May 2, 2026, the number of shares available for issuance was 638.

Nonvested Performance-Based Stock Awards

During the 13 weeks ended May 2, 2026, the Company did not issue any performance-based stock awards to employees.

During the 13 weeks ended May 3, 2025, the Company did not issue any performance-based stock awards to employees.

The following table sets forth the rollforward of outstanding nonvested performance-based stock awards (per share amounts are not in thousands):

 

 

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

 

 

grant-date

 

 

Shares

 

 

fair value

 

Balance at January 31, 2026

 

 

83

 

 

$

2.84

 

Grants

 

 

 

 

 

 

Forfeitures

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Balance at May 2, 2026

 

 

83

 

 

$

2.84

 

 

 

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

 

 

grant-date

 

 

Shares

 

 

fair value

 

Balance at February 1, 2025

 

 

12

 

 

$

8.40

 

Grants

 

 

 

 

 

 

Forfeitures

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Balance at May 3, 2025

 

 

12

 

 

$

8.40

 

 

Nonvested Stock Unit Awards

During the 13 weeks ended May 2, 2026, the Company issued 1,525 nonvested stock units to employees at a weighted average grant date fair value of $1.38 per share. The shares vest over a three-year period with one third of the shares vesting on each anniversary of the grant date.

During the 13 weeks ended May 3, 2025, the Company issued 835 nonvested stock units to employees at a weighted average grant date fair value of $1.02 per share. The shares vest over a three-year period with one third of the shares vesting on each anniversary of the grant date.

The following table sets forth the rollforward of outstanding nonvested stock units (per share amounts are not in thousands):

 

 

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

 

 

grant-date

 

 

Shares

 

 

fair value

 

Balance at January 31, 2026

 

 

1,735

 

 

$

2.55

 

Grants

 

 

1,525

 

 

 

1.38

 

Forfeitures

 

 

(2

)

 

 

6.61

 

Vested

 

 

(589

)

 

 

2.60

 

Balance at May 2, 2026

 

 

2,669

 

 

$

1.87

 

 

 

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

 

 

grant-date

 

 

Shares

 

 

fair value

 

Balance at February 1, 2025

 

 

1,700

 

 

$

4.01

 

Grants

 

 

835

 

 

 

1.02

 

Forfeitures

 

 

(27

)

 

 

5.05

 

Vested

 

 

(498

)

 

 

4.37

 

Balance at May 3, 2025

 

 

2,010

 

 

$

2.67