Stock-Based Compensation (Tables)

12 Months Ended

Feb. 02, 2013

Summary of Stock Options Outstanding under All Plans

The following table summarizes stock options outstanding under all of our plans as of the end of fiscal 2012, as well as activity during fiscal 2012:

	Options			Weighted- Average  Exercise Price
Outstanding at beginning of year		5,890,439		$	9.29
Granted		1,863,354		$	9.72
Exercised		(609,093	)	$	6.38
Forfeited or expired		(925,306	)	$	11.51
Outstanding at end of year		6,219,394		$	9.37
Exercisable at end of year		2,960,238		$	10.69

Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable as of the end of fiscal 2012:

	Options Outstanding						Options Exercisable
			Weighted-		Weighted-				Weighted-		Weighted-
			Average		Average				Average		Average
			Exercise		Contractual				Exercise		Contractual
Range of Exercise Prices	Options		Price		Life (Years)		Options		Price		Life (Years)
$4.56 - $5.66		334,413	$	4.94		6.08		253,783	$	4.91
$5.77 - $5.77		1,539,000	$	5.77		7.59		693,581	$	5.77
$5.79 - $7.32		758,450	$	6.79		7.35		370,819	$	6.57
$7.45 - $9.56		868,248	$	8.88		6.86		394,326	$	8.96
$9.60 - $9.60		50,000	$	9.60		7.44		0	$	0.00
$9.69 - $9.69		1,138,000	$	9.69		9.12		0	$	0.00
$9.71 - $13.09		636,604	$	10.99		5.33		353,050	$	11.44
$13.79 - $21.24		793,329	$	17.40		1.45		793,329	$	17.40
$21.30 - $21.30		2,500	$	21.30		1.33		2,500	$	21.30
$25.51 - $25.51		98,850	$	25.51		1.09		98,850	$	25.51
$4.56 - $25.51		6,219,394	$	9.37		6.54		2,960,238	$	10.69	4.45

Cash Proceeds, Tax Benefits and Intrinsic Values Related to Stock Options Exercised

Cash proceeds, tax benefits and intrinsic values related to total stock options exercised during fiscal 2012, 2011 and 2010 are provided in the following table (in thousands):

	Fiscal Year
	2012		2011		2010
Proceeds from stock options exercised	$	3,888	$	2,743	$	938
Tax benefit related to stock options exercised	$	917	$	486	$	206
Intrinsic value of stock options exercised	$	2,293	$	1,215	$	514

Effect of Recording Stock-Based Compensation

The effect of recording stock-based compensation for fiscal 2012, 2011 and 2010 was as follows (in thousands):

	Fiscal Year
Stock-based compensation by type of award:	2012			2011			2010
Employee and director stock options and awards	$	4,003		$	4,205		$	4,060
Non-employee stock award		25			-			-
Employee stock purchase plan		216			168			175
Total stock-based compensation expense	$	4,244		$	4,373		$	4,235
Tax effect on stock-based compensation expense		(1,522	)		(1,594	)		(1,555	)
Net effect on net income or loss	$	2,722		$	2,779		$	2,680

Black-Scholes Option Valuation Model

Weighted Average Assumptions used for Stock Options Granted

The following weighted average assumptions were used in the Black-Scholes option valuation model for stock options granted:

	2012			2011			2010
Risk free interest rate		1	%		2	%		2	%
Expected life	5 years			5 years			5 years
Expected volatility		57	%		58	%		57	%
Expected dividend yield		4	%		4	%		3	%
Weighted average fair value at grant date
(with the exception of Lisa Harper's 100,000 stock options granted in March 2012 that are subject to the performance condition)	$	3.52		$	2.45		$	2.84

Monte Carlo Simulation Valuation Model

Weighted Average Assumptions used for Stock Options Granted

The following weighted average assumptions were used in the Monte Carlo simulation valuation model for the stock options granted in March 2011 that are subject to the vesting determination:

Risk free interest rate		4%
Contractual life	10 years
Expected volatility		58%
Expected dividend yield		5%
Weighted average fair value at grant date	$	2.60