EQUITY INCENTIVE PLANS (Tables)

The following represents total stock based compensation expense (a component of selling, general and administrative expenses) recognized in the consolidated financial statements (in thousands):

(in thousands)	2013		2012		2011
Stock option expense	$	610	$	600	$	455
Restricted stock expense		984		1,258		1,446
ESPP expense		197		197		174
Total stock-based compensation	$	1,791	$	2,055	$	2,075

Income tax benefit on stock-based compensation	$	473	$	565	$	573

The fair value of each option granted is estimated on the date of grant using the BSM with the following weighted average assumptions:

Stock Options	2013			2012			2011
Expected volatility		32.1	%		39.7	%		41.2	%
Risk-free interest rate		1.2	%		0.5	%		1.8	%
Expected option life (in years)		4.73			4.16			5.13
Expected dividend yield		1.7	%		1.3	%		0.9	%

Weighted average fair value at grant date	$	3.81		$	3.95		$	4.35

Employee Stock Purchase Plan
Expected volatility		22.7	%		33.2	%		27.6	%
Risk-free interest rate		0.2	%		0.1	%		0.3	%
Expected option life (in years)		0.63			0.63			0.63
Expected dividend yield		1.1	%		1.0	%		0.9	%

Weighted average fair value at grant date	$	3.02		$	3.60		$	3.32

The following table summarizes stock option activity from January 29, 2011 through February 1, 2014:

	Options	Weighted- Average Exercise Price		Weighted- Averaged Contractual Life (years)	Aggregate Intrinsic Value (000s)
Outstanding at January 29, 2011	918,462	$	12.15	3.2	$	1,524
Granted	113,821		11.96
Forfeited / Cancelled	(218,844)		14.39
Exercised	(18,063)		12.12
Outstanding at January 28, 2012	795,376	$	11.52	3	$	2,831
Granted	441,791		13.65
Forfeited / Cancelled	(24,600)		14.54
Exercised	(66,912)		13.14
Outstanding at February 2, 2013	1,145,655	$	12.18	3.2	$	1,467
Granted	213,859		15.26
Forfeited / Cancelled	(135,716)		13.18
Exercised	(81,369)		12.26
Outstanding at February 1, 2014	1,142,429	$	12.63	3.0	$	5,539

Exercisable at February 1, 2014	458,056	$	10.74	1.4	$	3,089

Other information relative to option activity during 2013, 2012 and 2011 is as follows:

(dollars in thousands)	2013		2012		2011
Total fair value of stock options vested	$	353	$	543	$	642
Total pretax intrinsic value of stock options exercised	$	266	$	76	$	42

The following table summarizes information about stock options outstanding at February 1, 2014:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Shares	Weighted- Averaged Contractual Life (years)		Weighted- Average Exercise Price	Shares		Weighted- Average Exercise Price
$ 8.66 - $12.75	455,769	1.4	$	10.35	403,762	$	10.36
$13.00 - $13.64	470,207	3.6	$	13.57	34,924	$	13.11
$13.72 - $18.03	216,453	5.2	$	15.41	19,370	$	14.30
	1,142,429				458,056

The following table summarizes restricted stock from January 29, 2011 through February 1, 2014:

	Shares		Weighted-Average Grant Date Fair Value
Non-vested Restricted Stock at January 29, 2011	472,927	$	12.55
Granted	396,830		12.59
Forfeited / Cancelled	(91,375)		12.12
Exercised	(66,782)		12.29
Non-vested Restricted Stock at January 28, 2012	711,600	$	12.56
Granted	133,979		14.45
Forfeited / Cancelled	(94,796)		12.16
Exercised	(129,774)		12.26
Non-vested Restricted Stock at February 2, 2013	621,009	$	13.09
Granted	113,943		14.72
Forfeited / Cancelled	(125,686)		13.22
Exercised	(58,253)		11.83
Non-vested Restricted Stock at February 1, 2014	551,013	$	13.53