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Share-Based Compensation (Tables)
9 Months Ended
Nov. 02, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:

 

     Three Months Ended      Nine Months Ended  
     November 2,
2013
     October 27,
2012
     November 2,
2013
     October 27,
2012
 
(In thousands)                            

Stock Options

   $ 46       $ 42       $ 140       $ 120   

Restricted Stock Awards and Restricted Stock Units

     81         138         266         185   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 127       $ 180       $ 406       $ 305   
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Value of Stock Options Granted

The fair value of stock options granted during the nine months ended November 2, 2013 and October 27, 2012 was estimated using the following assumptions:

 

     Nine Months Ended  
     November 2,
2013
    October 27,
2012
 

Risk Free Interest Rate

     0.8     0.9

Expected Volatility

     38.3     39.2

Expected Life (in years)

     5.0        5.0   

Dividend Yield

     2.6     3.4
Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the Plan for the nine months ended November 2, 2013 is summarized below:

 

     Number of Options     Weighted Average
Exercise Price
     Weighted Average
Remaining
Contractual Life
(in Years)
     Aggregate Intrinsic
Value
 

Outstanding at January 31, 2013

     916,612      $ 8.46         4.4       $ 1,624,000   

Granted

     56,800        10.54         

Exercised

     (156,273     8.16         

Expired or canceled

     (22,624     9.53         
  

 

 

   

 

 

       

Outstanding at November 2, 2013

     794,515      $ 8.64         4.7       $ 3,185,525   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at November 2, 2013

     619,867      $ 8.59         3.6       $ 2,514,405   
  

 

 

   

 

 

    

 

 

    

 

 

 
Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the nine months ended November 2, 2013 is summarized below:

 

     RSAs & RSUs     Weighted Average
Grant Date Fair Value
 

Unvested at January 31, 2013

     96,900     $ 8.10  

Granted

     57,544        10.14   

Vested

     (40,898     8.15   

Forfeited

     —         —    
  

 

 

   

 

 

 

Unvested at November 2, 2013

     113,546      $ 9.11