Basis of Presentation (Tables)

3 Months Ended

May 04, 2013

Other Comprehensive Income and Reclassifications from AOCI

Other comprehensive income and reclassifications from AOCI for the three months ended May 4, 2013 and April 28, 2012 are as follows:

	May 4, 2013									April 28, 2012
For the three months ended (in thousands):	Pension Plans			Foreign			Total			Pension Plans			Foreign		Total
Balance at beginning of fiscal year	$	(5,828	)	$	267		$	(5,561	)	$	(5,949	)	$	233	$	(5,716	)
Other comprehensive income (loss) before reclassifications, net of taxes		43			(68	)		(25	)		25			102		127
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes (1)		51			—			51			70			—		70
Other comprehensive income (loss) for the period		94			(68	)		26			95			102		197
Balance at end of quarter	$	(5,734	)	$	199		$	(5,535	)	$	(5,854	)	$	335	$	(5,519	)

(1) Represents the amortization of the unrecognized (gain)/loss. The amortization of the unrecognized loss, before tax, of $84,000 and $116,000 for the three months ended May 4, 2013 and April 28, 2012, respectively, was charged to Selling, General & Administrative expense on the Consolidated Statement of Operations.

Assumptions Used for Grants

The following assumptions were used for grants for the first quarter of fiscal 2013 and fiscal 2012:

	May 4, 2013	April 28, 2012
Expected volatility	52.0%	55.0%
Risk-free interest rate	0.36-0.38%	0.31%
Expected life	3.0 yrs	3.0 yrs
Dividend rate	—	—