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Share-Based Compensation (Tables)

3 Months Ended

Apr. 29, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:

		Three Months Ended
(In thousands)		April 29, 2017				April 30, 2016
Stock Options		$	94			$	81
Restricted Stock Awards and Restricted Stock Units			74				230
Employee Stock Purchase Plan			3				3
Total		$	171			$	314

Fair Value of Stock Options Granted

The fair value of stock options granted during the three months ended April 29, 2017 and April 30, 2016 was estimated using the following weighted average assumptions:

		Three Months Ended
		April 29, 2017		April 30, 2016
Risk Free Interest Rate		1.7%		1.5%
Expected Volatility		36.6%		24.6%
Expected Life (in years)		7.5		5.0
Dividend Yield		2.1%		1.9%

Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the plans for the three months ended April 29, 2017, is summarized below:

		Number of Options				Weighted Average Exercise Price
Outstanding at January 31, 2017			685,456			$	11.96
Granted			102,189				13.31
Exercised			(43,125	)			11.50
Forfeited			—				—
Canceled			(19,700	)			11.75
Outstanding at April 29, 2017			724,820			$	12.19

Summary of Options Outstanding

Set forth below is a summary of options outstanding at April 29, 2017:

Outstanding														Exercisable
Range of Exercise prices		Number of Shares				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Life				Number of Shares				Weighted- Average Exercise Price				Weighted Average Remaining Contractual Life
$5.00-10.00			188,056			$	7.84				3.6				188,056			$	7.84				3.6
$10.01-15.00			481,764			$	13.55				7.9				226,275			$	13.20				6.8
$15.01-20.00			55,000			$	15.07				8.9				12,500			$	15.01				8.9
			724,820			$	12.19				6.9				426,831			$	10.89				5.5

Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the three months ended April 29, 2017 is summarized below:

		RSAs & RSUs				Weighted Average Grant Date Fair Value
Unvested at January 31, 2017			213,868			$	14.11
Granted			7,233				13.95
Vested			(10,461	)			13.75
Forfeited			—				—
Unvested at April 29, 2017			210,640			$	14.10

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Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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