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Share-Based Compensation (Tables)
9 Months Ended
Nov. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:

 

     Three Months Ended      Nine Months Ended  
     November 1,
2014
     November 2,
2013
     November 1,
2014
     November 2,
2013
 
(In thousands)                            

Stock Options

   $ 64       $ 46       $ 179       $ 140   

Restricted Stock Awards and Restricted Stock Units

     58         81         202         266   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 122       $ 127       $ 381       $ 406   
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Value of Stock Options Granted

The fair value of stock options granted during the nine months ended November 1, 2014 and November 2, 2013 was estimated using the following assumptions:

 

     Nine Months Ended  
     November 1, 2014     November 2, 2013  

Risk Free Interest Rate

     1.6     0.8

Expected Volatility

     26.8     38.3

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 nine months ended November 1, 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

     155,600        13.98         

Exercised

     (188,393     8.56         

Expired or canceled

     (10,787     9.07         
  

 

 

   

 

 

       

Outstanding at November 1, 2014

     693,067      $ 9.84         5.9       $ 2,485,570   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at November 1, 2014

     449,493      $ 8.62         4.2       $ 2,088,870   
  

 

 

   

 

 

    

 

 

    

 

 

 
Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the nine months ended November 1, 2014 is summarized below:

 

     RSAs & RSUs     Weighted Average
Grant Date Fair Value
 

Unvested at January 31, 2014

     106,496      $ 9.12   

Granted

     7,245        13.80   

Vested

     (35,662     8.75   

Forfeited

     (5,834     10.07   
  

 

 

   

 

 

 

Unvested at November 1, 2014

     72,245      $ 9.70