STOCK-BASED COMPENSATION (Tables)

3 Months Ended

May 05, 2018

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

Schedule of company's stock-based compensation

FASB ASC 718 also requires the benefits of income tax deductions in excess of recognized compensation cost to be reported as a financing cash flow, rather than as an operating cash flow as required prior to FASB ASC 718. 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:

	Thirteen Weeks Ended
(in thousands)	May 05, 2018		April 29, 2017
Continuing Operations
Stock option expense	$	232	$	464
Restricted stock expense		991		540
ESPP expense		—		91
Total stock-based compensation	$	1,223	$	1,095
Income tax benefit on stock-based compensation	$	222	$	240
	Thirteen Weeks Ended
(in thousands)	May 05, 2018		April 29, 2017
Discontinued Operations
Stock option expense	$	43	$	63
Restricted stock expense		13		27
Total stock-based compensation	$	56	$	90
Income tax benefit on stock-based compensation	$	4	$	14

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 May 5, 2018 and April 29, 2017 is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	Thirteen Weeks Ended
Continuing Operations	May 5, 2018			April 29, 2017
Stock Options
Expected volatility		0.0	%		40.3	%
Risk-free interest rate		0.0	%		2.2	%
Expected option life (in years)		0			5.84
Expected dividend yield		0.00	%		1.86	%
Weighted average fair value at grant date	$	—		$	4.06
	Thirteen Weeks Ended
Discontinued Operations	May 5, 2018			April 29, 2017
Stock Options
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		0.00	%		1.85	%
Weighted average fair value at grant date	$	—		$	4.61
	Thirteen Weeks Ended
	May 5, 2018			April 29, 2017
Employee Stock Purchase Plan
Expected volatility		0.0	%		61.8	%
Risk-free interest rate		0.0	%		1.0	%
Expected option life (in years)		0.00			0.25
Expected dividend yield		0.00	%		0.40	%
Weighted average fair value at grant date	$	—		$	4.19

Schedule of stock option activity

The following table summarizes stock option activity during the thirteen weeks ended May 5, 2018:

Continuing Operations	Options			Weighted- Average Exercise Price		Weighted-Average Contractual Life (years)		Aggregate Intrinsic Value (000s)
Outstanding at February 3, 2018		1,171,825		$	13.12		5.1	$	—
Granted		—			—
Cancelled		(297,074	)		12.62
Exercised		—			—
Outstanding at May 5, 2018		874,751		$	13.28		4.7		—
Exercisable at May 5, 2018		309,674		$	14.73		4.1		—

Discontinued Operations	Options			Weighted- Average Exercise Price		Weighted-Average Contractual Life (years)		Aggregate Intrinsic Value (000s)
Outstanding at February 3, 2018		167,375		$	14.23		5.4	$	—
Granted		—			—
Cancelled		(10,185	)		14.66
Exercised		—			—
Outstanding at May 5, 2018		157,190		$	14.39		5.1		—
Exercisable at May 5, 2018		30,812		$	14.54		4.6		—

Schedule of restricted stock activity

The following table summarizes restricted stock activity during the thirteen weeks ended May 5, 2018:

Continuing Operations	Number of Shares			Weighted- Average Grant Date Fair Value
Non-vested Restricted Stock at February 3, 2018		653,895		$	10.14
Granted		222,836			2.74
Forfeited / Cancelled		(50,757	)		15.28
Vested		(79,012	)		10.04
Non-vested Restricted Stock at May 5, 2018		746,962		$	7.59

Discontinued Operations	Number of Shares		Weighted- Average Grant Date Fair Value
Non-vested Restricted Stock at February 3, 2018		11,194	$	15.35
Granted		—		—
Forfeited / Cancelled		—		—
Vested		—		—
Non-vested Restricted Stock at May 5, 2018		11,194	$	15.35