STOCK-BASED COMPENSATION (Tables)

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

	Fiscal Year Ended
	January 30, 2016		January 31, 2015		February 1, 2014
Stock-based compensation expense by type:
Stock options	$	391	$	469	$	358
Restricted stock units		4,632		3,833		5,250
Employee stock purchases		105		96		100
Director deferred compensation		70		70		130
Total stock-based compensation expense		5,198		4,468		5,838
Income tax benefit recognized		1,895		1,645		2,154
Stock-based compensation expense, net of income tax	$	3,303	$	2,823	$	3,684

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 30, 2016	12,251	$	33.40
January 31, 2015	8,882	$	42.16
February 1, 2014	8,066	$	46.39

The following table summarizes the restricted stock unit awards activity under all of our plans during Fiscal 2016:

	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 31, 2015	265,889	$	47.62		98,775	$	43.08	364,664	$	46.39
Granted	82,405		50.48		29,300		50.48	111,705		50.48
PSU multiplier earned (1)	-		-		-		-	-		-
Vested	(90,189)		34.21		(39,950)		34.54	(130,139)		34.31
Forfeited, cancelled or expired	(8,580)		53.19		-		-	(8,580)		53.19
Restricted stock unit awards outstanding at January 30, 2016	249,525	$	53.31		88,125	$	49.42	337,650	$	52.29

Activity for our option plans during Fiscal 2016 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 31, 2015	242,294	$	35.15		5.34	$	3,439
Granted	23,497		47.72
Exercised	(17,394)		25.53
Forfeited, cancelled or expired	(5,000)		30.98
Options outstanding at January 30, 2016	243,397	$	37.13		5.18	$	987

Exercisable at January 30, 2016	243,397	$	37.13		5.18	$	987

The assumptions used in the option pricing model were as follows:

	Fiscal Year Ended
	January 30, 2016		January 31, 2015		February 1, 2014
Weighted average fair value at date of grant		$9.48		$10.78		$12.47
Expected life (years)		0.25		0.25		0.25
Expected volatility		32.0% - 36.2%		36.4% - 46.4%		34.4% - 41.0%
Risk-free interest rate		0.02% - 0.09%		0.04% - 0.16%		0.01% - 0.05%
Dividend yield		None		None		None

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
	May 2, 2015				August 1, 2015		October 31, 2015		January 30, 2016
Grant date	Mar 17		Mar 31		Jun 30		Sep 30		Dec 31
Exercise price	$	50.48	$	49.06	$	46.58	$	35.01	$	30.24
Weighted average fair value at date of grant	$	17.86	$	17.19	$	16.14	$	10.52	$	9.23
Expected option life (years)		5.36		5.36		5.36		4.84		4.84
Expected volatility		36.19%		36.17%		35.11%		32.21%		31.95%
Risk-free interest rate		1.59%		1.41%		1.67%		1.33%		1.71%
Dividend yield	None		None		None		None		None