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Share-Based Compensation (Tables)

3 Months Ended

Apr. 28, 2018

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 28, 2018				April 29, 2017
Stock Options		$	156			$	94
Restricted Stock Awards and Restricted Stock Units			204				74
Employee Stock Purchase Plan			3				3
Total		$	363			$	171

Fair Value of Stock Options Granted

The fair value of stock options granted during the three months ended April 28, 2018 and April 29, 2017 was estimated using the following assumptions:

		Three Months Ended
		April 28, 2018				April 29, 2017
Risk Free Interest Rate			2.6	%			1.7	%
Expected Volatility			41.3	%			36.6	%
Expected Life (in years)			10.0				7.5
Dividend Yield			1.8	%			2.1	%

Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the 2015 Plan for the three months ended April 28, 2018, is summarized below:

		Number of Options				Weighted Average Exercise Price
Outstanding at January 31, 2018			745,270			$	12.52
Granted			5,000				15.95
Exercised			(52,125	)			10.76
Forfeited			(75	)			14.20
Canceled			(3,700	)			8.95
Outstanding at April 28, 2018			694,370			$	12.70

Summary of Options Outstanding

Set forth below is a summary of options outstanding at April 28, 2018:

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			123,381			$	7.71				2.96				123,381			$	7.71				2.96
$10.01-15.00			515,989			$	13.64				7.45				307,397			$	13.54				6.65
$15.01-20.00			55,000			$	15.10				8.07				25,000			$	15.01				7.88
			694,370			$	12.70				6.70				455,778			$	12.04				5.72

Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the three months ended April 28, 2018 is summarized below:

		RSAs & RSUs				Weighted Average Grant Date Fair Value
Unvested at January 31, 2018			177,347			$	13.99
Granted			8,883				13.51
Vested			(16,981	)			13.75
Forfeited			(82,682	)			14.05
Unvested at April 28, 2018			86,567			$	13.95

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=96867065&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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

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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
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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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-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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