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Share-Based Compensation (Tables)
6 Months Ended
Jul. 30, 2016
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  
(In thousands)    July 30,
2016
     August 1,
2015
     July 30,
2016
     August 1,
2015
 

Stock Options

   $ 87       $ 70       $ 168       $ 144   

Restricted Stock Awards and Restricted Stock Units

     142         228         372         296   

Employee Stock Purchase Plan

     3         3         6         4   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 232       $ 301       $ 546       $ 444   
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Value of Stock Options Granted

The fair value of stock options granted during the six months ended July 30, 2016 and August 1, 2015 was estimated using the following weighted average assumptions:

 

     Six Months Ended  
     July 30,
2016
    August 1,
2015
 

Risk Free Interest Rate

     1.4     1.6

Expected Volatility

     28.2     22.7

Expected Life (in years)

     5.0        5.0   

Dividend Yield

     1.9     2.0
Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the plans for the six months ended July 30, 2016 is summarized below:

 

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

Outstanding at January 31, 2016

    657,936      $ 11.00        6.1      $ 3,083,000   

Granted

    117,000        14.79       

Exercised

    (67,757     8.43       

Forfeited

    (975     13.71       

Canceled

    (3,023     8.98       
 

 

 

   

 

 

     

Outstanding at July 30, 2016

    703,181      $ 11.88        6.5      $ 2,807,040   
 

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at July 30, 2016

    437,606      $ 10.64        5.1      $ 2,298,670   
 

 

 

   

 

 

   

 

 

   

 

 

 
Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the six months ended July 30, 2016 is summarized below:

 

     RSAs & RSUs      Weighted Average
Grant Date Fair Value
 

Unvested at January 31, 2016

     293,088       $ 13.28   

Granted

     13,460         14.70   

Vested

     (62,632      12.88   

Forfeited

     (18,600      10.07   
  

 

 

    

 

 

 

Unvested at July 30, 2016

     225,316       $ 13.75