XML 38 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation - Summary of Activity for Non-Vested Shares under Two Thousand Six And Two Thousand Sixteen Plan (Details) - $ / shares
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Total number of shares    
Shares granted 0 0
Restricted Stock    
Total number of shares    
Shares granted 484,558  
Restricted Stock Units    
Total number of shares    
Shares granted 734,268 423,230
Deferred stock    
Total number of shares    
Shares granted 19,143 8,434
Employee Stock Plan, 2006 Plan and 2016 Plan    
Total number of shares    
Outstanding non-vested shares at beginning of year 1,291,036  
Shares granted 1,257,629  
Shares vested/issued (23,898)  
Shares canceled (874,954)  
Outstanding non-vested shares at end of quarter 1,649,813  
Weighted-average Grant-Date Fair value    
Outstanding non-vested shares at beginning of year [1] $ 5.09  
Shares granted [1] 2.72  
Shares vested/issued [1] 3.65  
Shares canceled [1] 4.99  
Outstanding non-vested shares at end of quarter [1] $ 3.33  
Employee Stock Plan, 2006 Plan and 2016 Plan | Certain Directors    
Total number of shares    
Shares granted 19,660  
Employee Stock Plan, 2006 Plan and 2016 Plan | Restricted Stock    
Total number of shares    
Outstanding non-vested shares at beginning of year 856,332  
Shares granted 484,558  
Shares vested/issued (1,667)  
Shares canceled (857,221)  
Outstanding non-vested shares at end of quarter 482,002  
Employee Stock Plan, 2006 Plan and 2016 Plan | Restricted Stock Units    
Total number of shares    
Outstanding non-vested shares at beginning of year [2] 369,828  
Shares granted [2] 734,268  
Shares canceled [2] (17,733)  
Outstanding non-vested shares at end of quarter [2] 1,086,363  
Employee Stock Plan, 2006 Plan and 2016 Plan | Deferred stock    
Total number of shares    
Outstanding non-vested shares at beginning of year [3] 64,876  
Shares granted 19,143  
Shares vested/issued [3] (2,571)  
Outstanding non-vested shares at end of quarter [3] 81,448  
Employee Stock Plan, 2006 Plan and 2016 Plan | Deferred stock | Certain Directors    
Total number of shares    
Shares granted [3] 19,143  
Employee Stock Plan, 2006 Plan and 2016 Plan | Fully-vested shares    
Total number of shares    
Shares vested/issued [4] (19,660)  
Employee Stock Plan, 2006 Plan and 2016 Plan | Fully-vested shares | Certain Directors    
Total number of shares    
Shares granted [4] 19,660  
[1] The fair value of a restricted share, deferred share and fully-vested share is equal to the Company’s closing stock price on the day immediately preceding the date of grant.
[2] Restricted Stock Units (“RSUs”) were granted in connection with the 2017-2018 LTIP. The RSUs will vest in two tranches with the first 50% vesting on April 1, 2019 and the second 50% vesting on April 1, 2020.
[3] The 19,143 shares of deferred stock, with a fair value of $61,115, represent compensation to certain directors in lieu of cash, in accordance with their irrevocable elections. The shares of deferred stock will vest three years from the date of grant or at separation of service, based on the irrevocable election of each director.
[4] During the first three months of fiscal 2017, the Company granted 19,660 shares of stock, with a fair value of approximately $63,895 to certain directors as compensation in lieu of cash, in accordance with their irrevocable elections. Directors are required to elect 50% of their quarterly retainer in equity. Any shares in excess of the minimum required election are issued from the Company’s Third Amendment to the Second Amended and Restated Non-Employee Director Compensation Plan (“Non-Employee Director Compensation Plan”).