STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jan. 28, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based Compensation Expense

The compensation cost for these plans was as follows (in thousands):

	Fiscal Year Ended
	January 28,		January 29,		January 30,
	2012		2011		2010
Stock-based compensation expense by type:
Stock options	$	460	$	792	$	1,799
Restricted stock units		4,857		3,937		2,278
Employee stock purchases		76		67		80
Director deferred compensation		60		-		-
Total stock-based compensation expense		5,453		4,796		4,157
Income tax benefit recognized		1,987		1,666		1,277
Stock-based compensation expense, net of income tax	$	3,466	$	3,130	$	2,880

Fair value weighted average assumptions

The fair value was estimated on the date of grant using the Black-Scholes pricing model with the following weighted average assumptions for each period:

	Quarter Ended
	April 30,			July 30,	October 29,	January 28,
	2011			2011	2011	2012
Grant date		Mar 16	Mar 31	Jun 30	Sep 30	Dec 31
Exercise price		$31.26	$35.81	$40.71	$33.90	$45.18
Weighted average fair value at date of grant		$12.58	$14.52	$15.95	$13.86	$17.92
Expected option life (years)		4.67	4.67	4.67	4.75	4.75
Expected volatility		45.52	45.26	44.31	47.6	46.18
Risk-free interest rate		1.72%	2.07%	1.61%	0.90%	0.78%
Dividend yield		None	None	None	None	None

Stock Option Activity

Activity for our option plans during Fiscal 2012 was as follows:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000's)
Options outstanding at January 29, 2011		631,041		$	21.54		4.90	$	6,933
Granted		35,557			32.21
Exercised		(245,402	)		19.97
Forfeited, cancelled or expired		-			-
Options outstanding at January 28, 2012		421,196		$	23.35		5.16	$	9,837
Exercisable at January 28, 2012		392,821		$	23.70		5.16	$	9,311

Restricted Stock Unit Awards Activity

The following table summarizes the restricted stock unit awards activity under all of our plans during Fiscal 2012:

	RSUs					PSUs					Totals
	Number of Awards			Weighted Average Grant-Date Fair Value		Number of Awards			Weighted Average Grant-Date Fair Value		Number of Awards			Weighted Average Grant-Date Fair Value
Restricted stock unit awards
outstanding at January 29, 2011		461,160		$	21.41		218,270		$	19.98		679,430		$	20.95
Granted		103,143			31.34		53,000			31.26		156,143			31.31
PSU multiplier earned (1)		-			-		40,335			24.89		40,335			24.89
Vested		(92,041	)		28.93		(15,755	)		14.93		(107,796	)		26.88
Forfeited, cancelled or expired		(14,940	)		22.57		-			-		(14,940	)		22.57
Restricted stock unit awards
outstanding at January 28, 2012		457,322		$	22.09		295,850		$	22.95		753,172		$	22.43

Employee Stock Purchases

Our employee purchases of common stock and the average price per share through the ESPP were as follows:

Fiscal Year Ended	Shares Purchased	Average Price Per Share
January 28, 2012	9,184	$           29.76
January 29, 2011	13,144	$           19.92
January 30, 2010	19,152	$           14.34