STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Apr. 29, 2017

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 29, 2017		April 30, 2016
Stock option expense	$	527	$	(424	)
Restricted stock expense		567		1,127
ESPP expense		91		51
Total stock-based compensation	$	1,185	$	754
Income tax benefit on stock-based compensation	$	254	$	209

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 29, 2017 and April 30, 2016 is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	Thirteen Weeks Ended
	April 29, 2017			April 30, 2016
Stock Options
Expected volatility		40.6	%		33.7	%
Risk-free interest rate		2.2	%		1.5	%
Expected option life (in years)		5.84			5.84
Expected dividend yield		1.86	%		1.78	%
Weighted average fair value at grant date	$	4.11		$	4.08
Employee Stock Purchase Plan
Expected volatility		61.8	%		59.4	%
Risk-free interest rate		1.0	%		0.9	%
Expected option life (in years)		0.25			0.25
Expected dividend yield		0.40	%		0.40	%
Weighted average fair value at grant date	$	4.19		$	3.88

Schedule of stock option activity

The following table summarizes stock option activity during the thirteen weeks ended April 29, 2017:

	Options			Weighted- Average Exercise Price		Weighted-Average Contractual Life (years)		Aggregate Intrinsic Value (000s)
Outstanding at January 28, 2017		1,607,656		$	13.55		6.0	$	2,070
Granted		157,017			11.92
Cancelled		(20,900	)		16.20
Exercised		-			-
Outstanding at April 29, 2017		1,743,773		$	13.37		6.2	$	2,990
Exercisable at April 29, 2017		207,879		$	16.05		4.3	$	37

Schedule of restricted stock activity

The following table summarizes restricted stock activity during the thirteen weeks ended April 29, 2017:

	Number of Shares			Weighted-Average Grant Date Fair Value
Non-vested Restricted Stock at January 29, 2017		598,784		$	15.08
Granted		147,424			13.29
Forfeited / Cancelled		(35,105	)		18.34
Vested		(43,140	)		14.28
Non-vested Restricted Stock at April 29, 2017		667,963		$	14.57