v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
May 01, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense

The following table provides a summary of the Company’s stock-based compensation expense, which is included in Selling and administrative expense and Other operating expense, net in the Condensed Consolidated Statements of Operations:

 

 

 

13 Weeks Ended

 

(in thousands)

 

May 1, 2026

 

 

May 2, 2025

 

Deferred awards

 

$

704

 

 

$

818

 

Performance awards (1)

 

 

2,537

 

 

$

(2

)

Option awards

 

 

 

 

 

104

 

Total stock-based compensation expense

 

$

3,241

 

 

$

920

 

 

Net credit expense for the 13 weeks ended May 2, 2025 includes a reduction of the accrual for Performance Awards based on actual and projected results relative to performance measures.
Summary of Deferred Awards Activity

The following table provides a summary of the Deferred Awards activity for the 13 weeks ended May 1, 2026:

 

 

 

Deferred Awards

 

(in thousands, except per share amounts)

 

Number of
Shares

 

 

Weighted Average
Grant Date Fair Value
per Share

 

Unvested Deferred Awards as of January 30, 2026

 

 

659

 

 

$

10.51

 

Granted

 

 

313

 

 

 

12.09

 

Vested

 

 

(127

)

 

 

11.25

 

Forfeited or expired

 

 

(38

)

 

 

10.31

 

Unvested Deferred Awards as of May 1, 2026

 

 

807

 

 

$

10.98

 

Summary of Performance Awards Activity

The following table provides a summary of the Performance Awards activity for the 13 weeks ended May 1, 2026:

 

 

 

Performance Awards

 

(in thousands, except per share amounts)

 

Number of
Shares

 

 

Weighted Average
Grant Date Fair Value
per Share

 

Unvested Performance Awards as of January 30, 2026

 

 

1,249

 

 

$

10.23

 

Granted

 

 

185

 

 

 

12.09

 

Vested

 

 

(306

)

 

 

13.29

 

Forfeited or expired

 

 

(61

)

 

 

10.17

 

Unvested Performance Awards as of May 1, 2026

 

 

1,067

 

 

$

12.05

 

 

 

Summary of Changes in Outstanding Options Awards

The following table provides a summary of the Option Awards activity for the 13 weeks ended May 1, 2026:

 

 

 

Option Awards

 

(in thousands, except per share amounts)

 

Number of
Shares

 

 

Weighted Average
Grant Date Fair Value
per Share

 

Option Awards outstanding as of January 30, 2026

 

 

133

 

 

$

14.93

 

Granted

 

 

 

 

 

 

Exercised

 

 

(84

)

 

 

10.81

 

Forfeited

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Option Awards outstanding as of May 1, 2026

 

 

49

 

 

$

22.00

 

Summary of Information about Option Awards Vested and Option Awards Exercisable

The following table provides a summary of information about the Option Awards vested as well as Option Awards exercisable, as of May 1, 2026:

 

(in thousands, except contractual life and exercise price amounts)

 

Option Awards

 

 

Weighted
Average
Remaining Contractual Life (Years)

 

 

Weighted
Average
Exercise Price

 

 

Aggregate Intrinsic Value

 

Option Awards vested

 

 

49

 

 

 

1.02

 

 

$

22.00

 

 

$

-

 

Option Awards exercisable

 

 

49

 

 

 

1.02

 

 

$

22.00

 

 

$

-