Stock-Based Compensation

6 Months Ended

Jul. 30, 2011

Stock-Based Compensation [Abstract]

Stock-Based Compensation

6.           Stock-Based Compensation

The compensation costs that have been charged against income for the thirteen and twenty-six weeks ended July 30, 2011 and July 31, 2010 were as follows (in thousands):

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 30,		July 31,		July 30,		July 31,
	2011		2010		2011		2010
Stock-based compensation expense by type:
Stock options	$	18	$	119	$	424	$	620
Restricted stock awards		1,226		816		2,619		1,782
Employee stock purchase		14		16		40		39
Director deferred compensation		15		-		30		-
Total stock-based compensation expense		1,273		951		3,113		2,441
Income tax benefit recognized		466		329		1,142		827
Stock-based compensation expense, net of income tax	$	807	$	622	$	1,971	$	1,614

In the thirteen and twenty-six weeks ended July 30, 2011, we granted the following equity awards:

	Shares Awarded
Equity Type	Thirteen Weeks	Twenty-Six Weeks
Stock options	1,117	33,210
Restricted stock units	-	102,143
Performance-based restricted stock units	-	53,000
Deferred stock units	368	787

In addition, our employees purchased 1,839 and 5,078 shares of our common stock under our employee stock purchase plan during the thirteen and twenty-six weeks ended July 30, 2011, respectively.

The weighted-average grant date fair value of stock options granted during the thirteen and twenty-six weeks ended July 30, 2011 was $15.95 and $12.76 per share, respectively.  The grant date fair value of shares of stock purchased through our employee stock purchase plan was $7.84 and $7.89, respectively and the price paid by our employees for shares of our common stock was $30.71 and $30.54, respectively during the thirteen and twenty-six weeks ended July 30, 2011.

At July 30, 2011, the total compensation costs, related to nonvested restricted stock unit awards not yet recognized was $9.5 million and the weighted-average period over which such awards are expected to be recognized was 2.79 years.  There are no future compensation costs related to nonvested stock options to be recognized at July 30, 2011.