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Stock-Based Compensation | 9 Months Ended
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Oct. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments | STOCK-BASED COMPENSATION Accounting standards require, among other things, that (i) the fair value of all stock awards be expensed over their respective vesting periods; (ii) the amount of cumulative compensation cost recognized at any date must at least be equal to the portion of the grant-date value of the award that is vested at that date and (iii) compensation expense include a forfeiture estimate for those shares not expected to vest. Also in accordance with these provisions, for awards that only have a service requirement with multiple vest dates, the Company is required to recognize compensation cost on a straight-line basis over the requisite service period for the entire award. The Company has granted time vesting stock awards ("Deferred Awards") and performance-based stock awards ("Performance Awards") to employees at management levels and above. Deferred Awards were granted in the form of restricted stock units that only require each recipient to complete a service period. Deferred Awards generally vest ratably over three years. Performance Awards were granted in the form of restricted stock units which have, in addition to a service requirement, performance criteria that must be achieved for the awards to be earned. Performance Awards have annual vesting, but due to the performance criteria, are not eligible for straight-line expensing. Therefore, Performance Awards are amortized using a graded expense process. The fair value of all awards is based on the closing price of the Company’s common stock on the grant date. Compensation expense is reduced for estimated forfeitures of those awards not expected to vest due to employee turnover. The following table summarizes the Company’s stock-based compensation expense, which is primarily included in Selling and administrative expense in the Condensed Consolidated and Combined Statements of Comprehensive Income:
| 13 Weeks Ended |  | 39 Weeks Ended
(in thousands) | October 31, 2014 |  |  | November 1, 2013 |  | October 31, 2014 |  |  | November 1, 2013
Performance Awards | $ | 1,086 |  |  | $ | — |  |  | $ | 1,804 |  |  | $ | — |
Deferred Awards | 86 |  |  | — |  |  | 150 |  |  | — |
Total stock-based compensation expense | $ | 1,172 |  |  | $ | — |  |  | $ | 1,954 |  |  | $ | — |
Awards Granted Year to Date October 31, 2014 The Company granted Deferred Awards and Performance Awards to various employees during the 13 and 39 weeks ended October 31, 2014. Generally, the Deferred Awards have a three year vesting period with 25% of the award vesting in both the first and second years and 50% vesting in the third year. In general, the Performance Awards granted to executives vest over a 3-year service period and have a performance measure at the end of the first year of service. If earned, 25% of the awards vest in the first and second years and 50% vests in the third year. Changes in the Company’s Unvested Stock Awards Year to Date October 31, 2014 Deferred Awards
| Number of Shares |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |
Unvested Deferred Awards, beginning of period | — |  |  | $ | — |
Granted | 45 |  |  | 26.80 |
Forfeited | (3 | ) |  | 26.73 |
Unvested Deferred Awards, end of period | 42 |  |  | 26.81 |
Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $1.0 million as of October 31, 2014, which will be recognized over a weighted average period of approximately 2.6 years. Performance Awards
| Number of Shares |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |
Unvested Performance Awards, beginning of period | — |  |  | $ | — |
Granted | 300 |  |  | 27.30 |
Forfeited | (23 | ) |  | 26.73 |
Unvested Performance Awards, end of period | 277 |  |  | 27.35 |
Total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $5.8 million as of October 31, 2014, which will be recognized over a weighted average period of approximately 2.6 years.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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