XML 36 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Stock Based Compensation - Notes to Financial Statements | 9 Months Ended
--- | ---
Nov. 01, 2014
[DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract] |
Stock Based Compensation | NOTE 6 – STOCK BASED COMPENSATION: As of November 1, 2014, the Company had three long-term compensation plans pursuant to which stock-based compensation was outstanding or could be granted. The Company's 1987 Non-Qualified Stock Option Plan is for the granting of options to officers and key employees. As of May 1, 2013, there were no available stock options for grant under this plan. The 2013 Incentive Compensation Plan and 2004 Amended and Restated Incentive Compensation Plan are for the granting of various forms of equity-based awards, including restricted stock and stock options for grant, to officers, directors and key employees. Effective May 23, 2013, shares for grant were no longer available under the 2004 Amended and Restated Incentive Compensation Plan. The following table presents the number of options and shares of restricted stock initially authorized and available for grant under each of the plans as of November 1, 2014:
| 1987 |  | 2004 |  | 2013 |  |
| Plan |  | Plan |  | Plan |  | Total
Options and/or restricted stock initially authorized | 5,850,000 |  | 1,350,000 |  | 1,500,000 |  | 8,700,000
Options and/or restricted stock available for grant: |  |  |  |  |  |  |
February 1, 2014 | 0 |  | 0 |  | 1,488,902 |  | 1,488,902
November 1, 2014 | 0 |  | 0 |  | 1,282,621 |  | 1,282,621
In accordance with ASC 718, the fair value of current restricted stock awards is estimated on the date of grant based on the market price of the Company's stock and is amortized to compensation expense on a straight-line basis over the related vesting periods. As of November 1, 2014, February 1, 2014 and November 2, 2013, there was $11,343,000, $8,298,000 and $9,100,000 of total unrecognized compensation expense related to nonvested restricted stock awards, which have a remaining weight ed-average vesting period of 2.9 years, 2.6 years and 2.8 years, respectively. The total fair value of the shares recognized as compensation expense during the three and nine months ended November 1, 2014 was $893,000 and $2,582,000, respectively, compared to $739,000 and $2,187,000, respectively, for the three and nine months ended November 2, 2013. These expenses are classified as a component of S elling, general and administrative expenses in the Condensed Consolidated Statements of Income and Comprehensive Income. The following summary shows the changes in the shares of restricted stock outstanding during the nine months ended November 1, 2014:
|  |  |  | Weighted Average
| Number of |  |  | Grant Date Fair
| Shares |  |  | Value Per Share
Restricted stock awards at February 1, 2014 | 505,623 |  | $ | 24.52
Granted | 206,713 |  |  | 28.25
Vested | (108,155) |  |  | 22.41
Forfeited or expired | (39,596) |  |  | 25.89
Restricted stock awards at November 1, 2014 | 564,585 |  | $ | 26.19
NOTE 6 – STOCK BASED COMPENSATION (CONTINUED): The Company's Employee Stock Purchase Plan allows eligible full-time employees to purchase a limited number of shares of the Company's Class A Common Stock during each semi-annual offering period at a 15% discount through payroll deductions. During the nine months ended November 1, 2014 and November 2, 2013, the Company sold 19,743 and 18,811 shares to employees at an average discount of $4.19 and $3.63 per share, respectively, under the Employee Stock Purchase Plan. The compensation expense recognized for the 15% discount given under the Employee Stock Purchas e Plan was approximately $83,000 and $68,000 for the nine months ended November 1, 2014 and November 2, 2013, respectively. These expenses are classified as a component of S elling, general and administrative expenses.

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + 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 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration