v3.24.2.u1
Equity-Based Compensation (Tables)
6 Months Ended
Aug. 03, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Fair Value Assumptions of PSUs Granted

The fair value of the PSUs for which the performance is based on an Adjusted EBITDA goal was determined based on the market price of the Company’s shares on the date of the grant. Additionally, for those awards whose performance is based on a TSR growth goal, the fair value was estimated using a Monte Carlo simulation as of the grant date. This valuation was performed prior to any declaration of cash dividends and the issuance of dividend equivalent PSUs. Except for the dividend equivalent PSUs, no additional PSUs were granted following this fair valuation, which is based on the assumptions noted below:

Monte Carlo Simulation Assumptions

 

 

Risk Free Interest Rate

 

4.49

%

Expected Dividend Yield

 

—

 

Expected Volatility

 

47.58

%

Expected Term

2.83

 

 

Restricted Stock Units [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of RSUs and PSUs Award Activity

The following table summarizes the RSU awards activity for the twenty-six weeks ended August 3, 2024:

 

Number of RSUs

 

Weighted Average Grant Date Fair Value

 

Unvested units outstanding at February 3, 2024

 

458,299

 

$

14.15

 

Granted

 

208,013

 

$

32.58

 

Vested

 

(233,702

)

$

13.53

 

Forfeited

 

(10,909

)

$

32.55

 

Unvested units outstanding at August 3, 2024

 

421,701

 

$

23.11

 

Performance Stock Units [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of RSUs and PSUs Award Activity

The following table summarizes the PSU awards activity for the twenty-six weeks ended August 3, 2024:

 

Number of PSUs

 

Weighted Average Grant Date Fair Value

 

Unvested units outstanding at February 3, 2024

 

62,709

 

$

30.47

 

Granted

 

104,115

 

$

40.33

 

Unvested units outstanding at August 3, 2024

 

166,824

 

$

36.62