XML 74 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share-Based Compensation (Tables)
3 Months Ended
May 03, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:

 

     Three Months Ended  
     May 3, 2014      May 4, 2013  
(In thousands)              

Stock Options

   $ 54       $ 46   

Restricted Stock Awards and Restricted Stock Units

     77         115   
  

 

 

    

 

 

 

Total

   $ 131       $ 161   
  

 

 

    

 

 

 
Fair Value of Stock Options Granted

The fair value of stock options granted during the three months ended May 3, 2014 and May 4, 2013 was estimated using the following assumptions:

 

     Three Months Ended  
     May 3, 2014     May 4, 2013  

Risk Free Interest Rate

     1.6     0.8

Expected Volatility

     26.8     38.5

Expected Life (in years)

     5.0        5.0   

Dividend Yield

     2.0     2.6
Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the Plan for the three months ended May 3, 2014 is summarized below:

 

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

Outstanding at January 31, 2014

    736,647      $ 8.63        4.7      $ 3,707,000   

Granted

    75,600        14.20       

Exercised

    (152,789     8.71       

Expired or canceled

    (8,986     8.70       
 

 

 

   

 

 

     

Outstanding at May 3, 2014

    650,472      $ 9.26        5.8      $ 2,324,921   
 

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at May 3, 2014

    452,599      $ 8.50        4.4      $ 1,878,835   
 

 

 

   

 

 

   

 

 

   

 

 

 
Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the three months ended May 3, 2014 is summarized below:

 

     RSAs & RSUs     Weighted Average
Grant Date Fair Value
 

Unvested at January 31, 2014

     106,496      $ 9.12   

Granted

     —          —     

Vested

     (15,618     8.53   

Forfeited

     (5,834     10.07   
  

 

 

   

 

 

 

Unvested at May 3, 2014

     85,044      $ 9.16