Stock-Based Compensation

3 Months Ended

Jul. 30, 2016

Stock-Based Compensation [Abstract]

Stock-Based Compensation

5.Stock-Based Compensation

The compensation costs that have been charged against income for the thirteen and twenty-six weeks ended July 30, 2016 and August 1, 2015 were as follows (in thousands):

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Stock-based compensation expense by type:
Stock options	$	3	$	18	$	384	$	359
Restricted stock unit awards, including performance-based		898		887		2,607		3,165
Employee stock purchases		22		21		58		58
Director deferred compensation		24		18		47		35
Total stock-based compensation expense		947		944		3,096		3,617
Income tax benefit recognized		344		346		1,125		1,331
Stock-based compensation expense, net of income tax	$	603	$	598	$	1,971	$	2,286

In the thirteen and twenty-six weeks ended July 30, 2016 and August 1, 2015, we granted the following equity awards:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Stock options		318		1,138		36,359		20,228
Restricted stock unit awards		-		-		100,775		69,529
Performance-based restricted stock unit awards		-		-		45,300		29,300
Deferred stock units		674		376		14,156		11,628

At July 30, 2016, the total compensation costs, related to nonvested restricted stock unit awards not yet recognized was $10.0 million and the weighted-average period over which such awards are expected to be recognized was 2.6 years.  There are no future compensation costs related to nonvested stock options to be recognized at July 30, 2016.

Under the 2012 Non-Employee Director Equity Plan (2012 Plan), no shares of our common stock were awarded during the thirteen weeks ended July 30, 2016 and August 1, 2015.  A total of 2,851 and 1,981 shares of our common stock were awarded during the twenty-six weeks ended July 30, 2016 and August 1, 2015, respectively, as part of the annual equity award to directors in the first quarter.

The weighted-average grant date fair value of stock options granted during the thirteen and twenty-six weeks ended July 30, 2016 was $9.88 and $10.56 per share, respectively.  The weighted-average grant date fair value of stock options granted during the thirteen and twenty-six weeks ended August 1, 2015 was $16.14 and $17.73 per share, respectively.

Our employee purchases of common stock, the average price per share and the weighted-average grant date fair value of shares purchased through our employee stock purchase plan were as follow:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Shares purchased		3,021		2,042		8,638		5,491
Average price per share	$	29.57	$	39.59	$	27.05	$	40.58
Weighted average fair value at grant date	$	7.49	$	10.23	$	6.83	$	10.54