Stock Based Compensation

9 Months Ended

Dec. 03, 2011

Stock Based Compensation [Abstract]

Stock Based Compensation

12. Stock Based Compensation

At December 3, 2011, we had two stock-based compensation plans, the 2008 Long Term Incentive and Share Award Plan and the 2004 Non-Employee Director Compensation Plan. The general terms of each plan are reported in our Fiscal 2010 Annual Report on Form 10-K.

The components of our compensation expense (income) related to stock-based incentive plans were as follows:

	For the 12 Weeks Ended					For the 40 Weeks Ended
	Dec. 3,			Dec. 4,		Dec. 3,			Dec. 4,
	2011			2010		2011			2010
Stock options	$	686	$	911	$	2,008		$	665
Restricted stock units		245		249		896			(42	)
Common stock granted to Directors		-		187		(464	)		623
Total stock-based compensation expense	$	931	$	1,347	$	2,440		$	1,246

There were no stock-based grants during the 40 weeks ended December 3, 2011.

Stock options

As of December 3, 2011, approximately $4.9 million, net of tax, of total unrecognized compensation expense related to unvested stock option awards will be recognized over a weighted average period of 1.7 years.

Restricted Stock

None of the previously granted restricted stock units vested during the 12 and 40 weeks ended December 3, 2011. As of December 3, 2011, approximately $1.1 million, net of tax, of total unrecognized compensation expense relating to restricted stock units granted during fiscal 2010 and fiscal 2009 is expected to be recognized through fiscal 2013.

2004 Non-Employee Director Compensation Plan

Although the 2004 Non-Employee Director Compensation Plan ("Director Plan") is still in effect, at this time our Company does not anticipate issuing an annual grant of common stock or common stock equivalent in fiscal 2011. As a result, our Company reversed previously recognized stock compensation expense expected to be issued at the fiscal 2011 annual meeting during the first quarter of fiscal 2011. Such stock compensation expense will not be recognized in our Consolidated Statements of Operations until formal changes are made to the Director Plan.