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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Nov. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Activity [Table Text Block]
A summary of the Company’s stock-based compensation (a component of selling, general and administrative expenses) and related income tax benefit is as follows (in thousands):
 
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
 
 
November 1,
 
November 2,
 
November 1,
 
November 2,
 
 
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
Stock option expense
 
$
201
 
$
147
 
$
662
 
$
464
 
Restricted stock expense
 
 
342
 
 
531
 
 
1,135
 
 
1,324
 
ESPP expense
 
 
55
 
 
52
 
 
165
 
 
156
 
Total stock-based compensation
 
$
598
 
$
730
 
$
1,962
 
$
1,944
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit on stock-based compensation
 
$
149
 
$
218
 
$
508
 
$
560
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of each option granted during the thirteen and thirty-nine week periods ended November 1, 2014 and November 2, 2013 is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
 
 
 
Thirteen Weeks Ended
 
 
Thirty-Nine Weeks Ended
 
 
 
November 1,
 
 
November 2,
 
 
November 1,
 
 
November 2,
 
 
 
2014
 
 
2013
 
 
2014
 
 
2013
 
Stock Options
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected volatility
 
 
35.9
%
 
 
38.4
%
 
 
36.2
%
 
 
38.9
%
Risk-free interest rate
 
 
2.0
%
 
 
1.2
%
 
 
1.9
%
 
 
1.0
%
Expected option life (in years)
 
 
5.84
 
 
 
5.84
 
 
 
5.84
 
 
 
5.84
 
Expected dividend yield
 
 
1.61
%
 
 
1.41
%
 
 
1.59
%
 
 
1.30
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average fair value at grant date
 
$
4.73
 
 
$
4.81
 
 
$
4.96
 
 
$
4.64
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee Stock Purchase Plan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected volatility
 
 
29.1
%
 
 
29.5
%
 
 
34.2
%
 
 
29.4
%
Risk-free interest rate
 
 
0.2
%
 
 
0.2
%
 
 
0.2
%
 
 
0.2
%
Expected option life (in years)
 
 
0.75
 
 
 
0.75
 
 
 
0.5
 
 
 
0.5
 
Expected dividend yield
 
 
1.35
%
 
 
1.35
%
 
 
0.90
%
 
 
0.90
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average fair value at grant date
 
$
4.35
 
 
$
3.42
 
 
$
4.30
 
 
$
3.15
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option activity during the thirty-nine weeks ended November 1, 2014:
 
 
 
 
 
 
 
 
Weighted Average
 
Aggregate
 
 
 
 
 
 
Weighted
 
Remaining
 
Intrinsic
 
 
 
 
 
 
Average
 
Contractual Life
 
Value
 
 
 
Options
 
Exercise Price
 
(Years)
 
(Thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at February 1, 2014
 
 
1,142,429
 
$
12.63
 
 
3.0
 
$
5,539
 
Granted
 
 
96,500
 
$
15.81
 
 
 
 
 
 
 
Forfeited / Cancelled
 
 
(25,510)
 
$
12.78
 
 
 
 
 
 
 
Exercised
 
 
(34,622)
 
$
11.63
 
 
 
 
 
 
 
Outstanding at November 1, 2014
 
 
1,178,797
 
$
12.92
 
 
2.6
 
$
3,433
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at November 1, 2014
 
 
483,914
 
$
10.79
 
 
0.9
 
$
2,380
 
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes restricted stock activity during the thirty-nine weeks ended November 1, 2014:
 
 
 
 
 
Weighted Average
 
 
 
 
 
Grant Date Fair
 
 
 
Number of Shares
 
Value
 
 
 
 
 
 
 
Non-vested Restricted Stock at February 1, 2014
 
551,013
 
$
13.53
 
Granted
 
136,272
 
$
17.35
 
Forfeited / Cancelled
 
(78,510)
 
$
13.72
 
Vested
 
(32,223)
 
$
12.94
 
Non-vested Restricted Stock at November 1, 2014
 
576,552
 
$
14.41