XML 28 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation (Tables)
3 Months Ended
Apr. 29, 2017
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 our 2000 Stock Option and Incentive Plan (the “2000 Plan”):

 

   Number of
Shares
  Weighted-
Average
Exercise Price
  Weighted-
Average
Remaining
Contractual
Term (Years)
  Aggregate
Intrinsic
Value (in
thousands)
Outstanding at January 28, 2017   7,000   $7.63           
Granted   0                
Forfeited or expired   0                
Exercised   (3,500)   7.63           
Outstanding and exercisable at
April 29, 2017
   3,500   $7.63    0.73   $62
Schedule of Stock Options Exercised

The following table summarizes information regarding options exercised:

 

(In thousands)  Thirteen
Weeks Ended
April 29,
2017
  Thirteen
Weeks Ended
April 30,
2016
       
Total intrinsic value (1)  $57   $0 
Total cash received  $26   $0 
(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 section summarizes the restricted stock transactions pursuant to the 2000 Plan:

 

   Number of
Shares
  Weighted-
Average Grant
Date Fair
Value
Restricted stock at January 28, 2017   964,858   $22.63 
Granted   258,120    24.37 
Vested   (28,940)   24.32 
Forfeited or expired   (145,419)   17.45 
Restricted stock at April 29, 2017   1,048,619   $23.73
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 28, 2017    111,300   $24.26      
 Forfeited    0    0.00      
 Exercised    0    0.00      
 Outstanding at April 29, 2017    111,300   $24.26    2.9 
 Exercisable at April 29, 2017    64,741   $24.26    2.9 

 

Schedule of SARs Assumptions

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

 

   April 29, 2017  April 30, 2016
Risk free interest rate yield curve   0.68% - 1.81%   0.16% - 1.28%
Expected dividend yield   1.1%   1.0%
Expected volatility   34.61%   36.13%
Maximum life   2.9 Years    3.9 Years 
Exercise multiple   1.34    1.34 
Maximum payout  $10.00   $10.00 
Employee exit rate   2.2% - 9.0%   2.2% - 9.0%
Restricted Stock [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)  Thirteen
Weeks Ended
April 29,
2017
  Thirteen
Weeks Ended
April 30,
2016
Stock-based compensation expense before the recognized income tax benefit  $11   $489 
Income tax benefit  $4   $187
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 29,
2017
  Thirteen
Weeks Ended
April 30,
2016
Stock-based compensation expense before the recognized income tax benefit  $24   $140 
Income tax benefit  $9   $53