v3.24.1.1.u2
Share-Based Compensation (Tables)
3 Months Ended
Apr. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Service and Performance Based-Awards Activity
The following table summarizes the activity related to the Company’s RSUs for the thirteen weeks ended April 28, 2024 (in thousands, except for weighted-average grant date fair value):
Number of RSUsWeighted-Average Grant Date Fair Value
Unvested and outstanding as of January 28, 202417,388 $34.65 
Granted21,717 $16.12 
Vested(3,546)$35.80 
Forfeited(1,209)$34.64 
Unvested and outstanding as of April 28, 202434,350 $22.82 
The following table summarizes the activity related to the Company’s PRSUs for the thirteen weeks ended April 28, 2024 (in thousands, except for weighted-average grant date fair value):

Number of PRSUsWeighted-Average Grant Date Fair Value
Unvested and outstanding as of January 28, 2024553 $28.49 
Granted1,615 $16.93 
Vested(37)$38.50 
Forfeited(51)$37.45 
Unvested and outstanding as of April 28, 20242,080 $19.10 
Summary of Weighted Average Grant-Date Fair Value and Total Fair Value of Service and Performance Based-Awards Activity
The following table summarizes the weighted average grant-date fair value of RSUs granted and total fair value of RSUs vested for the periods presented:
13 Weeks Ended
April 28, 2024April 30, 2023
Weighted average grant-date fair value of RSUs$16.12 $35.21 
Total fair value of vested RSUs (in millions)$62.7 $74.9 
The following table summarizes the weighted average grant-date fair value of PRSUs granted and total fair value of PRSUs vested for the periods presented:

13 Weeks Ended
April 28, 2024April 30, 2023
Weighted average grant-date fair value of PRSUs$16.93 $35.21 
Total fair value of vested PRSUs (in millions)$0.6 $3.5 
Schedule of Share-based Compensation Expense The Company recognized share-based compensation expense as follows (in thousands):
13 Weeks Ended
April 28, 2024April 30, 2023
RSUs$64,057 $49,953 
PRSUs1,328 (1,400)
Total share-based compensation expense$65,385 $48,553