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Share-Based Compensation (Tables)

6 Months Ended

Jul. 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								Six Months Ended
(In thousands)		July 29, 2017				July 30, 2016				July 29, 2017				July 30, 2016
Stock Options		$	117			$	87			$	211			$	168
Restricted Stock Awards and Restricted Stock Units			289				142				363				372
Employee Stock Purchase Plan			3				3				6				6
Total		$	409			$	232			$	580			$	546

Fair Value of Stock Options Granted

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

		Six Months Ended
		July 29, 2017				July 30, 2016
Risk Free Interest Rate			1.7	%			1.4	%
Expected Volatility			37.9	%			28.2	%
Expected Life (in years)			8.0				5.0
Expected Dividend Yield			2.0	%			1.9	%

Aggregated Information Regarding Stock Options Granted

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

		Number of Options				Weighted Average Exercise Price
Outstanding at January 31, 2017			685,456			$	11.96
Granted			132,189				13.45
Exercised			(62,250	)			10.73
Forfeited			(7,325	)			14.17
Canceled			(24,600	)			11.76
Outstanding at July 29, 2017			723,470			$	12.33

Summary of Options Outstanding

Set forth below is a summary of options outstanding at July 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			174,831			$	7.85				3.4				174,831			$	7.85				3.4
$10.01-15.00			493,639			$	13.61				7.9				262,600			$	13.48				7.2
$15.01-20.00			55,000			$	15.07				8.7				12,500			$	15.01				8.6
			723,470			$	12.33				6.9				449,931			$	11.33				5.7

Aggregated Information Regarding RSUs and RSAs Granted

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

		RSAs & RSUs				Weighted Average Grant Date Fair Value
Unvested at January 31, 2017			213,868			$	14.08
Granted			13,981				14.43
Vested			(37,692	)			14.07
Forfeited			(9,087	)			14.05
Unvested at April 29, 2017			181,070			$	14.11

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
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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.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Publisher FASB
-Name Accounting Standards Codification
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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
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-Paragraph 2
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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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