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Stock Based Compensation (Tables)

9 Months Ended

Nov. 01, 2014

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

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The table below outlines the assumptions that the Company used to estimate the fair value of stock based awards granted during the thirty-nine weeks ended November 1, 2014:


		Minimum				Maximum
Dividend yield				0%
Expected stock price volatility		47.0%		-		66.8%
Risk-free interest rate		1.45%		-		2.18%
Expected award life (in years)		4.92		-		5.71
Weighted average fair value per share of awards granted during the period				$1.93

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table summarizes stock award activity during the thirty-nine weeks ended November 1, 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 Date Fair Value
Balance February 1, 2014			2,907,190			$	8.07				2.90				10,941			$	9.50

Granted			492,500				3.45				9.8				226,459				3.47
Exercised			(27,000	)			1.73				—				—				—
Forfeited			(14,500	)			3.66				—				—				—
Canceled			(752,590	)			10.31				—				—				—
Balance November 1, 2014			2,605,600			$	6.64				4.28				237,400			$	3.75
Exercisable November 1, 2014			1,736,350			$	8.20				1.93				37,400			$	3.75

(1)

Other Share Awards include deferred shares granted to Directors and restricted stock units granted to Chief Executive Officer.

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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