STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Apr. 30, 2016

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
	April 30, 2016			May 2, 2015
Stock option expense	$	(424	)	$	(369	)
Restricted stock expense		1,127			540
ESPP expense		51			48
Total stock-based compensation	$	754		$	219
Income tax benefit on stock-based compensation	$	209		$	21

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

The fair value of each option granted during the thirteen week period ended April 30, 2016 and May 2, 2015 is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	Thirteen Weeks Ended
	April 30, 2016			May 2, 2015
Stock Options
Expected volatility		33.7	%		30.2	%
Risk-free interest rate		1.5	%		1.6	%
Expected option life (in years)		5.84			5.84
Expected dividend yield		1.78	%		1.58	%
Weighted average fair value at grant date	$	4.08		$	4.61
Employee Stock Purchase Plan
Expected volatility		59.4	%		32.6	%
Risk-free interest rate		0.9	%		0.3	%
Expected option life (in years)		0.25			0.25
Expected dividend yield		0.40	%		0.38	%
Weighted average fair value at grant date	$	3.88		$	3.57

Schedule of stock option activity

The following table summarizes stock option activity during the thirteen weeks ended April 30, 2016:

	Options			Weighted- Average Exercise Price		Weighted-Average Contractual Life (years)		Aggregate Intrinsic Value (000s)
Outstanding at January 30, 2016		839,859		$	15.38		3.5	$	1,371
Granted		157,832			14.68
Forfeited / Cancelled		(237,500	)		14.09
Exercised		(900	)		12.84
Outstanding at April 30, 2016		759,291		$	15.64		5.8	$	350
Exercisable at April 30, 2016		112,679		$	15.09		4.2	$	59

Schedule of restricted stock activity

The following table summarizes restricted stock activity during the thirteen weeks ended April 30, 2016:

	Number of Shares			Weighted-Average  Grant Date Fair  Value
Non-vested Restricted Stock at January 30, 2016		517,143		$	15.61
Granted		34,734			15.35
Forfeited / Cancelled		(1,340	)		16.91
Vested		(25,982	)		15.45
Non-vested Restricted Stock at April 30, 2016		524,555		$	15.61