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Stock Compensation Plans (Tables)
12 Months Ended
Oct. 28, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Transactions Involving Outstanding Stock Options and Non-Vested Restricted Stock and Restricted Stock Unit Awards Under 2006 Plan

The following table summarizes transactions involving outstanding stock options and non-vested restricted stock and restricted stock unit awards (stock awards) under the 2006 plan:

 

    Stock Options     Stock Awards  

2006 Plan

  Number
of shares
    Weighted
average
exercise
price
    Weighted
average
contractual
life
    Aggregate
Intrinsic
Value
    Number
of shares
    Weighted
average
grant date
fair value
 
                (in years)     (in thousands)              
Outstanding – November 1, 2009     772,749      $ 7.48        9.13      $ 1,112        192,170      $ 13.32   

Granted

    -        -            -        -   

Exercised

    (2,000     6.39            -        -   

Forfeited

    (20,966     7.34            (3,028     13.32   
 

 

 

         

 

 

   
Outstanding – October 31, 2010     749,783        7.48        8.21        1,059        189,142        13.32   

Granted

    22,000        10.06            -        -   

Expired

    (5,600     6.39            -        -   

Forfeited

    (51,166     8.34            (189,142     13.32   
 

 

 

         

 

 

   
Outstanding – October 30, 2011     715,017        7.51        7.31        232        -        -   
         

 

 

   

Granted

    -        -           

Expired

    (27,800     6.39           

Forfeited

    (149,267     11.25           
 

 

 

           
Outstanding – October 28, 2012     537,950      $ 6.53        6.43      $ 314       
 

 

 

   

 

 

   

 

 

   

 

 

     
Expected to vest at October 28, 2012     205,700      $ 6.52        6.41      $ 119       
 

 

 

   

 

 

   

 

 

   

 

 

     
Exercisable at October 28, 2012     332,250      $ 6.51        6.38      $ 195       
Summary of Transactions Involving Outstanding Stock Options Under 1995 Plan

The following table summarizes transactions involving outstanding stock options under the 1995 plan:

 

1995 Plan

  Number of
shares
    Weighted
average
exercise price
    Weighted
average
contractual

life
    Aggregate
Intrinsic
Value
 
                (in years)     (in thousands)  
Outstanding – November 1, 2009     61,530      $ 12.81        2.20      $ 13   

Exercised

    -        -       

Expired

    (15,480     14.79       
 

 

 

       
Outstanding – October 31, 2010     46,050        12.14        1.90        13   

Exercised

    -        -       

Expired

    (17,400     12.03       
 

 

 

       
Outstanding – October 30, 2011     28,650        12.21        1.39        -   

Exercised

    -        -       

Expired

    (10,950     10.42       
 

 

 

       
Outstanding – October 28, 2012     17,700        13.31        1.01        -   
 

 

 

   

 

 

   

 

 

   

 

 

 
Vested and exercisable at October 28, 2012     17,700      $ 13.31        1.01      $ -   
 

 

 

   

 

 

   

 

 

   

 

 

 
Summary of Estimated Fair Value of Stock Options

The assumptions used to estimate the fair value stock options were as follows for the 2011 fiscal year:

 

    October 30,
2011
 
Weighted-average fair value of stock option granted     7.06   
Expected volatility     59
Expected term (in years)     10   
Risk-free interest rate     3.0   
Expected dividend yield     0   
Summary of Share Based Compensation Expense Recognized in Selling, Administrative and Other Operating Costs in Consolidated Statements of Operations

Share based compensation expense was recognized in Selling, Administrative and Other Operating Costs in the Company’s Consolidated Statements of Operations for the fiscal years ended 2012, 2011, and 2010, respectively. The following table details this information (in thousands):

 

    Year ended  
 

 

 

 
    October 28,
2012
    October 30,
2011
    October 31,
2010
 

2006 Stock Incentive Plan

     

Selling, administrative and other operating costs

  $ 127      $ 460      $ 1,044   
 

 

 

   

 

 

   

 

 

 
  $ 127      $ 460      $ 1,044