XML 51 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Equity Incentive Plans (Tables)
12 Months Ended
Feb. 02, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of company's stock-based compensation

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)

 

2018

 

 

2017

 

Continuing Operations

 

 

 

 

 

 

 

 

Stock option expense

 

$

906

 

 

$

649

 

Restricted stock expense

 

 

2,373

 

 

 

3,294

 

ESPP expense

 

 

 

 

 

676

 

Subtotal stock-based compensation

 

 

3,279

 

 

 

4,619

 

Other stock based compensation expense (1)

 

 

 

 

 

1,015

 

Total stock-based compensation

 

$

3,279

 

 

$

5,634

 

 

 

 

 

 

 

 

 

 

Income tax benefit on stock-based compensation

 

$

44

 

 

$

1,216

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

 

 

 

 

 

 

 

Stock option expense

 

$

59

 

 

$

221

 

Restricted stock expense

 

 

43

 

 

 

44

 

ESPP expense

 

 

 

 

 

 

Subtotal stock-based compensation

 

 

102

 

 

 

265

 

 

 

 

 

 

 

 

 

 

Income tax benefit on stock-based compensation

 

$

4

 

 

$

28

 

 

 

 

 

 

 

 

 

 

Total stock-based compensation

 

$

3,381

 

 

$

5,899

 

Total income tax benefit on stock-based compensation

 

$

48

 

 

$

1,244

 

Schedule of stock option weighted average assumptions

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

 

Continuing Operations

 

 

 

 

 

 

 

 

Stock Options

 

2018

 

 

2017

 

Expected volatility

 

 

0.0

%

 

 

42.3

%

Risk-free interest rate

 

 

0.0

%

 

 

2.1

%

Expected option life (in years)

 

0

 

 

8.84

 

Expected dividend yield

 

 

0.0

%

 

 

1.7

%

 

 

 

 

 

 

 

 

 

Weighted average fair value at grant date

 

$

 

 

$

3.91

 

 

Discontinued Operations

 

 

 

 

 

 

 

 

Stock Options

 

2018

 

 

2017

 

Expected volatility

 

 

0.0

%

 

 

43.1

%

Risk-free interest rate

 

 

0.0

%

 

 

2.2

%

Expected option life (in years)

 

0

 

 

5.84

 

Expected dividend yield

 

 

0.0

%

 

 

1.9

%

 

 

 

 

 

 

 

 

 

Weighted average fair value at grant date

 

$

 

 

$

4.89

 

 

Employee Stock Purchase Plan

 

2018

 

 

2017

 

Expected volatility

 

 

0.0

%

 

 

80.6

%

Risk-free interest rate

 

 

0.0

%

 

 

1.0

%

Expected option life (in years)

 

 

0.00

 

 

 

0.63

 

Expected dividend yield

 

 

0.0

%

 

 

1.0

%

 

 

 

 

 

 

 

 

 

Weighted average fair value at grant date

 

$

 

 

$

7.14

 

Schedule of stock option activity The following table summarizes stock option activity from January 28, 2017 through February 2, 2019:

 

Continuing Operations

 

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Averaged

Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value (000s)

 

Outstanding at January 28, 2017

 

 

1,453,281

 

 

$

13.48

 

 

 

6.0

 

 

$

1,947

 

Granted

 

 

233,312

 

 

 

11.00

 

 

 

 

 

 

 

 

 

Forfeited / Cancelled

 

 

(514,768

)

 

 

13.16

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at February 3, 2018

 

 

1,171,825

 

 

$

13.12

 

 

 

5.1

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited / Cancelled

 

 

(584,091

)

 

 

12.29

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at February 2, 2019

 

 

587,734

 

 

$

13.95

 

 

 

4.2

 

 

$

 

Exercisable at February 2, 2019

 

 

444,635

 

 

$

14.49

 

 

4.1

 

 

$

 

 

Discontinued Operations

 

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Averaged

Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value (000s)

 

Outstanding at January 28, 2017

 

 

154,375

 

 

$

14.19

 

 

 

6.4

 

 

$

124

 

Granted

 

 

25,000

 

 

 

13.52

 

 

 

 

 

 

 

 

 

Forfeited / Cancelled

 

 

(12,000

)

 

 

12.34

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at February 3, 2018

 

 

167,375

 

 

$

14.23

 

 

 

5.4

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited / Cancelled

 

 

(158,984

)

 

 

14.17

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at February 2, 2019

 

 

8,391

 

 

$

15.44

 

 

 

4.2

 

 

$

 

Exercisable at February 2, 2019

 

 

3,356

 

 

$

15.44

 

 

4.2

 

 

$

 

Schedule of other information relative to option activity

Other information relative to option activity during 2018 and 2017 is as follows:

 

(dollars in thousands)

 

2018

 

 

2017

 

Continuing Operations

 

 

 

 

 

 

 

 

Total fair value of stock options vested

 

$

962

 

 

$

1,185

 

Total pretax intrinsic value of stock options exercised

 

$

 

 

$

 

Discontinued Operations

 

 

 

 

 

 

 

 

Total fair value of stock options vested

 

$

7

 

 

$

121

 

Total pretax intrinsic value of stock options exercised

 

$

 

 

$

 

Schedule of stock options outstanding and exercisable

The following table summarizes information about stock options outstanding at February 2, 2019:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of Exercise Prices

 

Shares

 

 

Weighted-

Averaged

Contractual

Life (years)

 

 

Weighted-

Average

Exercise

Price

 

 

Shares

 

 

Weighted-

Average

Exercise

Price

 

Continuing Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$  4.57 - $12.55

 

 

157,003

 

 

5

 

 

$

10.59

 

 

 

91,196

 

 

$

11.53

 

$12.61 - $14.68

 

 

233,455

 

 

4.3

 

 

$

14.27

 

 

 

170,163

 

 

$

14.21

 

$14.74 - $19.64

 

 

197,276

 

 

 

3.4

 

 

$

16.25

 

 

 

183,276

 

 

$

16.22

 

 

 

 

587,734

 

 

 

 

 

 

 

 

 

 

 

444,635

 

 

 

 

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$15.44 - $19.04

 

 

8,391

 

 

 

4.2

 

 

$

15.44

 

 

 

3,356

 

 

$

15.44

 

 

 

 

8,391

 

 

 

 

 

 

 

 

 

 

 

3,356

 

 

 

 

 

Schedule of restricted stock activity

The following table summarizes restricted stock from January 28, 2017 through February 2, 2019:

 

Continuing Operations

 

Shares

 

 

Weighted-

Average Grant

Date Fair Value

 

Non-vested Restricted Stock at January 28, 2017

 

 

582,126

 

 

$

15.01

 

Granted

 

 

490,802

 

 

 

7.73

 

Forfeited / Cancelled

 

 

(90,933

)

 

 

11.96

 

Vested

 

 

(328,100

)

 

 

14.64

 

Non-vested Restricted Stock at February 3, 2018

 

 

653,895

 

 

$

10.14

 

Granted

 

 

649,233

 

 

 

2.23

 

Forfeited / Cancelled

 

 

(133,356

)

 

 

11.77

 

Vested

 

 

(475,649

)

 

 

7.98

 

Non-vested Restricted Stock at February 2, 2019

 

 

694,123

 

 

$

3.82

 

 

Discontinued Operations

 

Shares

 

 

Weighted-

Average Grant

Date Fair Value

 

Non-vested Restricted Stock at January 28, 2017

 

 

21,658

 

 

$

17.12

 

Granted

 

 

2,333

 

 

 

14.89

 

Forfeited / Cancelled

 

 

(10,000

)

 

 

19.07

 

Vested

 

 

(2,797

)

 

 

15.35

 

Non-vested Restricted Stock at February 3, 2018

 

 

11,194

 

 

$

15.35

 

Granted

 

 

 

 

 

 

Forfeited / Cancelled

 

 

(8,862

)

 

 

14.95

 

Vested

 

 

(2,332

)

 

 

15.44

 

Non-vested Restricted Stock at February 2, 2019

 

 

 

 

$