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Stock Based Compensation (Tables)
12 Months Ended
Jan. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

The following table summarizes the stock option transactions pursuant to the stock-based compensation plans:

 

Number of Shares

   

Weighted- Average Exercise Price

   

Weighted- Average Remaining Contractual Term (Years)

   

Aggregate Intrinsic Value (in thousands)

Outstanding at February 1, 2014

  31,572     $ 9.05        

   Granted

  0            

   Forfeited or expired

  0            

   Exercised

  (9,573 )     8.04        

Outstanding and exercisable at January31, 2015

  21,999     $ 9.49     1.45     $ 302
Schedule of Stock Options Exercised

The following table summarizes information regarding options exercised:

(In thousands)

 

2014

 

2013

   

2012

           

Total intrinsic value (1)

  $ 146   $ 103     $ 2,473

Total cash received

  $ 77   $ 69     $ 2,219

Associated excess income tax benefits recorded

  $ 43     $ 28     $ 465

 

(1)             

Defined as the difference between the market value at exercise and the grant price of stock options exercised.
Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information regarding outstanding and exercisable options at January 31, 2015:


 

 

Options Outstanding

 

Options Exercisable

 


Range of
Exercise Price

 

Number
of Options
Outstanding

 

Weighted
Average
Remaining Life

 

Weighted
Average
Exercise Price

 

Number
of Options
Exercisable

 

Weighted
Average
Exercise Price

$

7.6310.36

 

21,999

 

    

1.45

 

 

$

9.49

 

21,999

 

$

9.49

Summary of Restricted Stock Awards Transactions

The following table summarizes the restricted share transactions pursuant to the 2000 Plan:

 

 

Number of Shares

   

Weighted- Average Grant Date Fair Value

Restricted stock at February 1, 2014

  525,259     $ 19.84

   Granted

  213,560     25.50

   Vested

  (16,843 )     20.86

   Forfeited

  (16,400 )     21.71

Restricted stock at January 31, 2015

  705,576     $ 21.49
Schedule of SARs Activity

The following table summarizes the SARs activity:

 

 

Number of Shares

   

Weighted- Average Exercise Price

   

Weighted- Average Remaining Contractual Term (Years)

Outstanding at February 1, 2014

  78,750     $ 17.17    

   Granted

  0     0.00    

   Forfeited

  0     17.17    

   Exercised

  (38,375 )     17.17    

Outstanding at January 31, 2015

  40,375     $ 17.17     2.0

Exercisable at January 31, 2015

  40,375     $ 17.17     2.0
Schedule of SARs Assumptions

The fair value was estimated using a trinomial lattice model with the following assumptions:

 

 

January 31, 2015

 

Risk free interest rate yield curve

  0.01% - 1.18%  

Expected dividend yield

  1.0 %  

Expected volatility

  37.82 %  

Maximum life

 

                   2.0 Years

 

Exercise multiple

  1.31  

Maximum payout

  $ 6.67  

Employee exit rate

  2.2% - 9.0%  
Restricted Stock Awards [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation expense recognized for restricted stock awards:

 

(In thousands)

 

2014

 

       2013

   

2012

     

Stock-based compensation expense before the recognized income tax benefit

  $ 906   $ 2,985     $ 3,663

Income tax benefit

  $ 351   $ 1,141     $ 1,436
SARs [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation expense recognized for SARs:

 

(In thousands)

 

2014

 

2013

   

2012

     

Stock-based compensation expense before the recognized income tax benefit

  $ 121   $ 272     $ 349

Income tax benefit

  $ 47   $ 104     $ 137