XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Share-Based Payments | 12 Months Ended
--- | ---
Jan. 31, 2017
Equity [Abstract] |
Share-Based Payments | 22. SHARE-BASED PAYMENTS During fiscal year 1999, the shareholders of the Trust adopted the 1997 Stock Incentive and Option Plan (the “Plan”). Pursuant to the Plan, the Compensation Committee may grant options to the Trustees, officers, other key employees, consultants, advisors and similar employees of the Trust and certain of its subsidiaries and affiliates. The number of options that may be granted in a year is limited to 10% of the total Shares of Beneficial Interest and Partnership units in the Partnership (Class A and Class B) outstanding as of the first day of such year. Cash and Equity Bonuses Fiscal 2017– Short-Term Cash and Equity Bonus Program To provide incentive to get hotel operations off to a strong start for the then-current fiscal year starting February 1, 2016, on February 22, 2016, the Committee adopted an incentive bonus program for the Executives based on the targeted gross operating profit of approximately $402,000 and approximately $395,000 (i.e., total revenues less operating expenses) (the “Target GOP”) for February 2016 and March 2016, the first two months of the fiscal year. The program provided that if the Target GOP were achieved or exceeded, each Executive would be entitled to a bonus consisting of cash and Shares of Beneficial Interest of the Trust in the amounts set forth below:
Executive Officer |  | Cash |  | Equity
Pamela J. Barnhill |  | $ | 10,000 |  | 10,000 Shares of Beneficial Interest
Marc E. Berg |  | $ | 2,500 |  | 2,500 Shares of Beneficial Interest
Adam B. Remis |  | $ | 5,000 |  | 5,000 Shares of Beneficial Interest
In February 2016 and March 2016, the Target GOP were achieved and each of the Executives received the cash and equity bonuses listed above. Fiscal 2017– Full Year Cash and Equity Bonus Program On February 22, 2016, the Committee adopted an incentive bonus program for the Executives for the fiscal year ended January 31, 2017 (the “2017 Fiscal Year Bonus Program”). Under the 2017 Fiscal Year Bonus Program, an Executive were to be entitled to receive a bonus consisting of cash and Shares of Beneficial Interest of the Trust up to the maximum amount set forth below upon the achievement by the Executive of performance-based objectives, which included revenue, gross operating profit and strategy for the hotel and IBC/IVH divisions and/or at the discretion of the Committee.
Executive Officer |  | Cash |  | Equity
Pamela J. Barnhill |  | $ | 25,000 |  | 10,000 Shares of Beneficial Interest
Marc E. Berg |  | $ | 5,000 |  | 2,500 Shares of Beneficial Interest
Adam B. Remis |  | $ | 10,000 |  | 5,000 Shares of Beneficial Interest
Fiscal 2017– Payouts Under Short-Term and Full Year Cash and Equity Bonus Programs On January 24, 2017, the Compensation Committee exercised negative discretion, based on the Trust’s financial condition and its limited cash flow in fiscal 2017, and the Compensation Committee and the Board of Trustees approved the following payouts for the Executives based on the performance of the Trust and the Executives. The payouts were accrued as of January 31, 2017 and paid to the Executives in February 2017.
Executive |  | Cash |  | Equity
Pamela J. Barnhill |  | $ | 5,000 |  | 3,000 Shares of Beneficial Interest
Marc E. Berg |  | $ | 1,000 |  | 750 Shares of Beneficial Interest
Adam B. Remis |  | $ | 2,000 |  | 1,500 Shares of Beneficial Interest
Generally, granted options expire 10 years from the date of grant, are exercisable during the optionee’s lifetime only by the recipient and are non-transferable. Unexercised options held by employees of the Trust generally terminate on the date the individual ceases to be an employee of the Trust. There were no options granted in fiscal year 2017 or 2016, and no options were outstanding as of January 31, 2017 and 2016. The Plan currently has 1,000,000 options available to grant. See Note 26 for additional information on stock options. The Plan also permits the Trust to award stock appreciation rights, none of which, as of January 31, 2017, have been issued. See Note 2 – “Summary of Significant Accounting Policies” for information related to grants of restricted shares under “Stock-Based Compensation.”

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration