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Employee Benefit Plans (Tables)
12 Months Ended
Jan. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Stock Option Activity

Stock option activity for the year ended January 31, 2015, was as follows:

 

     Number of
Options
     Weighted
Average
Exercise Price
     Weighted Average
Remaining Contractual
Term (in years)
 

Balance at February 1, 2014

     1,285,792       $ 11.77      

Options granted

     182,500         18.46      

Options exercised

     (30,785      13.07      

Options forfeited

     (65,722      16.62      
  

 

 

    

 

 

    

Balance at January 31, 2015

  1,371,785    $ 12.40      5.8   
  

 

 

    

 

 

    

 

 

 

Options Exercisable As of:

January 31, 2015

  1,006,464    $ 11.06      4.8   
  

 

 

    

 

 

    

 

 

Weighted Average for Key Assumptions Used in Determining the Fair Value of Options Granted and a Summary of the Methodology Applied to Develop Each Assumption

The weighted average for key assumptions used in determining the fair value of options granted in fiscal years 2014, 2013 and 2012 and a summary of the methodology applied to develop each assumption are as follows:

 

     52 Weeks Ended
January 31,
2015
    52 Weeks Ended
February 1,
2014
    53 Weeks Ended
February 2,
2013
 

Expected price volatility

     0.53        0.65        0.56   

Risk-free interest rate

     2.10     1.46     0.77

Expected life

     6.3 years        6.3 years        6.3 years   

Forfeiture rate

     5     5     5

Dividend yield

     0     0     0
RSU Activity in Each of the Periods

RSU activity in each of the periods indicated was as follows:

 

     Shares      Weighted Average
Grant Date
Fair Value
 

Non-vested at February 1, 2014

     236,000       $ 13.44   

Granted

     97,000         18.46   

Vested

     (82,000      13.34   

Forfeited

     (19,500      14.31   
  

 

 

    

 

 

 

Non-vested at January 31, 2015

  231,500    $ 15.50