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Stock-Based Compensation (Tables)
3 Months Ended
Apr. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Restricted Stock Awards Transactions

The following section summarizes the share transactions for our restricted stock awards:

 

   Number of
Shares
  Weighted- Average
Grant Date Fair Value
 Restricted stock at January 30, 2016    829,492   $22.13 
 Granted    212,043    24.94 
 Vested    (29,797)   26.07 
 Restricted stock at April 30, 2016    1,011,738   $22.60 

 

Schedule of SARs Assumptions

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

 

   April 30, 2016  May 2, 2015
Risk free interest rate yield curve    0.16% - 1.28%     0.00% - 1.50% 
Expected dividend yield   1.0%   1.0%
Expected volatility   36.13%   37.68%
Maximum life         3.9 Years     4.88 Years 
Exercise multiple   1.34    1.31 
Maximum payout  $10.00   $10.00 
Employee exit rate    2.2% - 9.0%     2.2% - 9.0% 

 

Summary 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 January 30, 2016    147,550   $24.26      
  Forfeited    (4,375)   24.26      
  Exercised    (2,750)   24.26      
 Outstanding at April 30, 2016    140,425   $24.26    3.9 
                  
 Exercisable at April 30, 2016    45,557   $24.26    3.9 

 

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

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

 

(In thousands)  Thirteen Weeks
Ended April 30, 
2016
  Thirteen Weeks
Ended May 2,
2015
Stock-based compensation expense before the recognized income tax benefit  $489   $818 
Income tax benefit  $187   $318 
Stock Appreciation Rights (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)  Thirteen Weeks
Ended April 30,
2016
  Thirteen Weeks
Ended May 2,
2015
Stock-based compensation expense before the recognized income tax benefit  $140   $64 
Income tax benefit  $53   $25