Stock Based Compensation

3 Months Ended

Apr. 28, 2012

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

Note 4. Stock Based Compensation

Total stock-based compensation expense recognized in the condensed consolidated statements of operations for the thirteen weeks ended April 28, 2012 and April 30, 2011 was $67,000 and $109,000, respectively, before income taxes. No deferred tax benefit was recorded against stock-based compensation expense for the thirteen weeks ended April 28, 2012 and April 30, 2011.

As of April 28, 2012, there was approximately $0.7 million of unrecognized compensation cost related to stock award awards that is expected to be recognized as expense over a weighted average period of 2.3 years.

As of April 28, 2012, stock awards authorized for issuance under the Company’s plans total 20.6 million. Of these awards authorized for issuance, 6.2 million were granted and are outstanding, 5.0 million of which were vested and exercisable. Awards available for future grants at April 28, 2012 were 2.2 million.

The following table summarizes stock award activity during the thirteen weeks ended April 28, 2012:

	Employee and Director Stock Award Plans
	Number of Shares Subject To Option			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Other Share Awards(1)			Weighted Average Grant Fair Value
Balance January 28, 2012		6,126,851		$	6.28		3.6		362,444		$	2.71
Granted		—			—		—		—			—
Exercised		—			—		—		(279,898	)		1.63
Forfeited		—			—		—		—			—
Canceled		(16,078	)		9.76		—		—			—
Balance April 28, 2012		6,110,773		$	6.19		3.3		82,546		$	6.35
Exercisable April 28, 2012		4,917,023		$	7.20		2.1		82,546		$	6.35

(1) Other Share Awards include deferred shares granted to Directors and restricted stock units issued to employees.

As of April 28, 2012, the intrinsic value of stock awards outstanding was $252,000 and exercisable was $36,000.