Share-Based Compensation
 3 Months Ended
May 01, 2022
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation
Note 6: Share-Based Compensation
Compensation expense related to stock options and restricted stock units is included in “General and administrative expenses” in the Consolidated Statements of Comprehensive Income and is as follows:
 
    
Thirteen Weeks Ended
  
  
May 1, 2022
     
May 2, 2021
  
Stock options
    $ 261        274  
Restricted stock units
      3,294        2,697  
    
 
 
     
 
 
  
Share-based compensation expense
    $  3,555      $  2,971  
    
 
 
     
 
 
  
Transactions related to stock option awards during the thirteen weeks ended May 1, 2022 were as follows:
 
 
 
2014 Stock Incentive Plan
 
 
2010 Stock Incentive Plan
 
 
 
Number
 
 
Wtd. Avg.
 
 
 Number
 
 
 
Wtd. Avg.
 
 
 
 
 
of Options
 
 
 
 Exercise Price
 
 
 of Options
 
 
 
 
Exercise Price
 
 
Outstanding at January 30, 2022
      933,379      $  42.50        73,554      $  8.33  
Granted
      36,844        47.71        —          —    
Exercised
      (160,091 )       34.95        (6,059 )       8.69  
Forfeited
      (7,855 )       58.42        —          —    
    
 
 
     
 
 
     
 
 
     
 
 
  
Outstanding at May 1, 2022
      802,277      $ 44.08        67,495      $ 8.30  
    
 
 
     
 
 
     
 
 
     
 
 
  
Exercisable at May 1, 2022
      765,433      $ 43.91        67,495      $ 8.30  
    
 
 
     
 
 
     
 
 
     
 
 
  
The total intrinsic value of options exercised during the thirteen weeks ended May 1, 2022 was $2,287. The unrecognized expense related to our stock option plan totaled approximately $954 as of May 1, 2022 and will be expensed over a weighted average period of 3.0 years.
Transactions related to restricted stock units during the thirteen weeks ended May 1, 2022, were as follows:
 
 
 
 
 
 
 
Wtd. Avg.
 
 
    
Shares
     
Fair Value
  
Outstanding at January 30, 2022
      922,799      $  24.88  
Granted
      485,522        47.17  
Performance adjusted units
      11,808        46.75  
Vested
      (88,086 )       47.46  
Forfeited
      (41,212 )       51.66  
    
 
 
     
 
 
  
Outstanding at May 1, 2022
      1,290,831      $ 31.07  
    
 
 
     
 
 
  
 

Fair value of our time-based and performance-based restricted stock units is based on our closing stock price on the date of grant. The grant date fair value of stock options was determined using the Black-Scholes option valuation model. The unrecognized expense related to restricted stock units was $27,575 as of May 1, 2022 and will be expensed over a weighted average period of 3.2 years.
During the thirteen weeks ended May 1, 2022 and May 2, 2021, excess tax expense (benefit) of $(63) and $(1,135),
respectively, were recognized in the “Provision for income taxes” in the Consolidated Statement of Comprehensive Income and classified as a source in operating activities in the Consolidated Statement of Cash Flows.