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Share-Based Compensation (Tables)
6 Months Ended
Aug. 01, 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      Six Months Ended  
     August 1,
2015
     August 2,
2014
     August 1,
2015
     August 2,
2014
 
(In thousands)                            

Stock Options

   $ 70       $ 59       $ 144       $ 112   

Restricted Stock Awards and Restricted Stock Units

     228         67         296         144   

Employee Stock Purchase Plan

     3         2         4         3   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 301       $ 128       $ 444       $ 259   
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Value of Stock Options Granted

The fair value of stock options granted during the six months ended August 1, 2015 and August 2, 2014 was estimated using the following assumptions:

 

     August 1,
2015
    August 2,
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 Plans for the six months ended August 1, 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

     110,000         13.98         

Exercised

     (20,979      8.24         

Expired or canceled

     (2,093      7.93         

Forfeited

     (700      12.61         
  

 

 

    

 

 

       

Outstanding at August 1, 2015

     742,239       $ 10.65         6.1       $ 2,396,104   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at August 1, 2015

     475,776       $ 9.41         4.6       $ 2,109,647   
  

 

 

    

 

 

    

 

 

    

 

 

 

Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the six months ended August 1, 2015 is summarized below:

 

     RSAs & RSUs      Weighted Average
Grant Date Fair Value
 

Unvested at January 31, 2015

     72,245       $ 9.70   

Granted

     244,072         14.05   

Vested

     (8,665 )      13.95  

Forfeited

     (2,800      10.07   
  

 

 

    

 

 

 

Unvested at August 1, 2015

     304,852       $ 13.06