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Share-Based Compensation (Tables)
6 Months Ended
Aug. 03, 2019
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)
 
August 3,
2019
 
 
July 28,
2018
 
 
August 3,
2019
 
 
July 28,
2018
 
Stock Options
 
$127
 
 
$200
 
 
$339
 
 
$356
 
Restricted Stock Awards and Restricted Stock Units
 
 
320
 
 
 
263
 
 
 
704
 
 
 
467
 
Employee Stock Purchase Plan
 
 
4
 
 
 
3
 
 
 
9
 
 
 
6
 
Total
 
$451
 
 
$466
 
 
$1,052
 
 
$829
 
Fair Value of Stock Options Granted
There were no stock options granted during the six months ended August 3, 2019. The fair value of stock options granted during the six months ended July 28, 2018 were estimated using the following assumptions:
 
  
Six Months Ended
 
  
July 28,
2018
 
Risk Free Interest Rate
  2.6
Expected Volatility
  39.4
Expected Life (in years)
  9.0 
Dividend Yield
  1.5
Aggregated Information Regarding Stock Options Granted
Aggregated information regarding stock option activity for the six months ended August 3, 2019 is summarized below:
 
  
Number of
Options
  
Weighted Average
Exercise Price
 
Outstanding at January 31, 2019
  771,145  $14.30 
Granted
      
Exercised
  (38,975)  11.65 
Forfeited
  (8,275)  16.72 
Canceled
  (400)  6.22 
  
 
 
  
 
 
 
Outstanding at August 3, 2019
  723,495  $14.42 
  
 
 
  
 
 
 
Summary of Options Outstanding
Set forth below is a summary of options outstanding at August 3, 2019:
 
 
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
 
 
 
62,081
 
 
$7.94
 
 
 
2.5
 
 
 
62,081
 
 
$7.94
 
 
 
2.5
 
$
 
10.01
-
15.00
 
 
 
424,814
 
 
$13.63
 
 
 
6.3
 
 
 
336,794
 
 
$13.66
 
 
 
5.9
 
$
15.01
-
20.00
 
 
 
236,600
 
 
$17.53
 
 
 
8.4
 
 
 
112,795
 
 
$17.08
 
 
 
8.1
 
 
 
 
 
 
 
 
723,495
 
 
$14.42
 
 
 
6.7
 
 
 
511,670
 
 
$13.72
 
 
 
6.0
 
Aggregated Information Regarding RSUs and RSAs Granted
Aggregated information regarding RSU and RSA activity for the six months ended August 3, 2019 is summarized below:
 
  
RSAs & RSUs
  
Weighted Average
Grant Date Fair Value
 
Outstanding at January 31, 2019
  133,667  $13.99 
Granted
  113,522   20.16 
Vested
  (55,180)  16.62 
Forfeited
      
  
 
 
  
 
 
 
Outstanding at August 3, 2019
  192,009  $16.88