XML 74 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Share-Based Compensation (Tables)
3 Months Ended
May 02, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:

 

     Three Months Ended  
     May 2,
2015
     May 3,
2014
 
(In thousands)              

Stock Options

   $ 75       $ 54   

Restricted Stock Awards and Restricted Stock Units

     68         77   
  

 

 

    

 

 

 

Total

$ 143    $ 131   
  

 

 

    

 

 

 
Fair Value of Stock Options Granted

The fair value of stock options granted during the three months ended May 2, 2015 and May 3, 2014 was estimated using the following assumptions:

 

     Three Months Ended  
     May 2,
2015
    May 3,
2014
 

Risk Free Interest Rate

     1.6     1.6

Expected Volatility

     22.7     26.8

Expected Life (in years)

     5.0        5.0   

Dividend Yield

     2.0     2.0
Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the Plan for the three months ended May 2, 2015 is summarized below:

 

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

Outstanding at January 31, 2015

     656,011       $ 10.01         4.2       $ 3,225,000   

Granted

     85,000         13.95         

Exercised

     (15,778      8.12         

Expired or canceled

     (2,293      8.55         
  

 

 

    

 

 

       

Outstanding at May 2, 2015

  722,940    $ 10.53      6.1    $ 2,601,468   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at May 2, 2015

  443,977    $ 9.03      4.4    $ 2,260,318   
  

 

 

    

 

 

    

 

 

    

 

 

 
Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the three months ended May 2, 2015 is summarized below:

 

     RSAs & RSUs      Weighted Average
Grant Date Fair Value
 

Unvested at January 31, 2015

     72,245       $ 9.70   

Granted

     537         13.95   

Vested

     —           —     

Forfeited

     (2,800      10.07   
  

 

 

    

 

 

 

Unvested at May 2, 2015

  69,982    $ 9.71