STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Aug. 01, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of company's stock-based compensation

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				Twenty-Six Weeks Ended
	August 1, 2015		August 2, 2014		August 1, 2015			August 2, 2014
Stock option expense	$	175	$	259	$	(194	)	$	461
Restricted stock expense		485		386		1,025			793
ESPP expense		49		55		97			110
Total stock-based compensation	$	709	$	700	$	928		$	1,364
Income tax benefit on stock-based compensation	$	181	$	183	$	202		$	359

Schedule of stock option granted using the Black-Scholes option-pricing model

The fair value of each option granted during the thirteen and twenty-six week periods ended August 1, 2015 and August 2, 2014 is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Stock Options
Expected volatility		30.2	%		36.6	%		30.2	%		36.7	%
Risk-free interest rate		1.9	%		1.8	%		1.7	%		1.8	%
Expected option life (in years)		5.84			5.84			5.84			5.84
Expected dividend yield		1.72	%		1.55	%		1.59	%		1.55	%
Weighted average fair value at grant date	$	4.95		$	5.40		$	4.63		$	5.39
Employee Stock Purchase Plan
Expected volatility		30.9	%		32.5	%		31.8	%		36.8	%
Risk-free interest rate		0.3	%		0.2	%		0.3	%		0.2	%
Expected option life (in years)		0.50			0.50			0.38			0.38
Expected dividend yield		0.76	%		0.90	%		0.57	%		0.68	%
Weighted average fair value at grant date	$	3.92		$	4.31		$	3.74		$	4.23

Schedule of stock option activity

The following table summarizes stock option activity during the twenty-six weeks ended August 1, 2015:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value (Thousands)
Outstanding at January 31, 2015		946,553		$	13.56		3.4	$	2,954
Granted		177,900		$	17.97
Forfeited / Cancelled		(273,000	)	$	13.84
Exercised		(196,533	)	$	10.43
Outstanding at August 1, 2015		654,920		$	15.57		5.0	$	1,707
Exercisable at August 1, 2015		84,597		$	14.63		3.6	$	291

Schedule of restricted stock activity

The following table summarizes restricted stock activity during the twenty-six weeks ended August 1, 2015:

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested Restricted Stock at January 31, 2015		557,521		$	14.72
Granted		72,854		$	17.53
Forfeited / Cancelled		(83,124	)	$	13.87
Vested		(34,195	)	$	14.02
Non-vested Restricted Stock at August 1, 2015		513,056		$	15.30