Stock Based Compensation

3 Months Ended

May 03, 2014

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

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 May 3, 2014 and May 4, 2013 was $60,000 and $99,000, respectively, before income taxes. No deferred tax benefit was recorded against stock-based compensation expense for the thirteen weeks ended May 3, 2014 and May 4, 2013.

As of May 3, 2014, there was approximately $0.5 million of unrecognized compensation cost related to stock award awards that is expected to be recognized as expense over a weighted average period of 1.6 years.

As of May 3, 2014, stock awards authorized for issuance under the Company’s plans total 12.8 million. There are certain authorized stock awards for which the Company no longer grants awards. Of these awards authorized for issuance, 2.1 million were granted and are outstanding, 1.6 million of which were vested and exercisable. Awards available for future grants at May 3, 2014 were 2.7 million.

The following table summarizes stock award activity during the thirteen weeks ended May 3, 2014:

	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 February 1, 2014		2,907,190		$	8.07		2.90		10,941	$	9.50
Granted		—			—		—		1,467		3.73
Exercised		(18,000	)		1.73		—		—		—
Forfeited		—			—		—		—		—
Canceled		(752,590	)		10.31		—		—		—
Balance May 3, 2014		2,136,600		$	7.33		3.54		12,408	$	8.82
Exercisable May 3, 2014		1,612,850		$	8.66		2.15		12,408	$	8.82

(1) Other Share Awards include deferred shares granted to Directors.

As of May 3, 2014, the intrinsic value of stock awards outstanding was $478,000 and exercisable was $183,000.