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Stock-Based Compensation

12 Months Ended

Jan. 30, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

(14) Stock-Based Compensation

Stock-Based Compensation

The Company recognized total stock-based compensation expense of $2,257, $3,293, and $365 during fiscal years 2015, 2014, and 2013, respectively. Compensation expense related to the Company's stock-based payment awards is recognized in selling, general, and administrative expenses in the consolidated statements of income.

Employee Stock Plans

As of January 30, 2016, the number of shares available for awards under the 2013 Performance Incentive Plan (the “2013 Plan”) was 1,728,995. As of January 30, 2016, there were 598,697 awards outstanding under the 2013 Plan.

Nonvested Stock Unit Awards

During fiscal year 2015, the Company issued 27,668 nonvested stock units to employees or independent members of the Board of Directors at a weighted average grant date fair value of $11.28 per share. The nonvested stock units issued to employees vest evenly over four years on the grant date anniversary. The nonvested stock units issued to independent members of the Board of Directors vest evenly over 12 months on the grant date anniversary.

During fiscal year 2014, the Company issued 5,000 nonvested stock units to employees at a weighted average grant date fair value of $7.04 per share. The nonvested stock units vest evenly over four years on the grant date anniversary.

As of January 30, 2016 and January 31, 2015, respectively, the Company had $4,279 and $6,268 remaining in unrecognized compensation costs related to nonvested restricted stock units.  The weighted average grant date fair value of the outstanding shares were $7.15 and $7.06, respectively. The expected net tax benefit related to the unrecognized compensation costs were $1,647 and $2,413, respectively.

The Company had no net share settlements in fiscal year 2015 or 2014.

The following table sets forth the rollforward of outstanding restricted stock units:

					Weigthed
					average
					grant-date
	Shares				fair value
Balance at January 31, 2015		887,853			$	7.06
Grants		27,668				11.28
Forfeitures		7,892				7.06
Vested		308,932				7.27
Balance at January 30, 2016		598,697			$	7.15
					Weigthed
					average
					grant-date
	Shares				fair value
Balance at February 1, 2014		1,193,747			$	7.06
Grants		5,000				7.04
Forfeitures		13,493				7.06
Vested		297,401				7.06
Balance at January 31, 2015		887,853			$	7.06

X

- 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 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 2: 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=51659978&loc=d3e25284-112666

Reference 3: 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 4: 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 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

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- References

No definition available.

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