XML 46 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock Based Compensation (Tables)
 12 Months Ended
Jan. 28, 2017
Share-based Compensation [Abstract]  
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 January 30, 2016   7,000   $7.63           
Granted   0                
Forfeited or expired   0                
Exercised   0    0.00           
Outstanding and exercisable at January 28, 2017
   7,000   $7.63    0.98   $124 

 
Schedule of Stock Options Exercised

The following table summarizes information regarding options exercised:

 

(In thousands)  2016  2015  2014
          
Total intrinsic value (1)  $0   $229   $146 
Total cash received  $0   $155   $77 
Associated excess income tax benefits recorded  $0   $57   $43 

 

(1)Defined as the difference between the market value at exercise and the grant price of stock options exercised.
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 January 30, 2016   829,492   $22.13 
Granted   225,003    24.98 
Vested   (54,657)   25.38 
Forfeited   (34,980)   21.55 
Restricted stock at January 28, 2017   964,858   $22.63 

 
Summary of Stock Compensation Expense

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

 

(In thousands)  2016  2015  2014
       
Stock-based compensation expense before the recognized income tax benefit  $3,507   $3,340   $906 
Income tax benefit  $1,322   $1,274   $351 

 
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 January 30, 2016   147,550   $24.26      
Granted   0    24.26      
Forfeited   (6,500)   24.26      
Exercised   (29,750)   24.26      
Outstanding at January 28, 2017   111,300   $24.26    3.1 

 
Schedule of SARs Assumptions

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

 

   January 28, 2017  January 30, 2016  January 31, 2015
Risk free interest rate yield curve   0.49% - 1.94%   0.22% - 1.33%   0.01% - 1.18%
Expected dividend yield   1.1%   1.0%   1.0%
Expected volatility   35.51%   36.05%   37.82%
Maximum life   3.1 Years    4.1 Years    2.0 Years 
Exercise multiple   1.34    1.34    1.31 
Maximum payout  $10.00   $10.00   $6.67 
Employee exit rate   2.2% - 9.0%   2.2% - 9.0%   2.2% - 9.0%

 
Schedule of Stock Compensation Expense Recognized for SARs:

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

 

(In thousands)  2016  2015  2014
       
Stock-based compensation expense before the recognized income tax benefit  $276   $321   $121 
Income tax benefit  $104   $123   $47