Stock Compensation Plans (Tables)

12 Months Ended

Jan. 30, 2016

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

The following table summarizes activity for non-vested shares under the 2006 Plan for fiscal 2015:

	Restricted shares			Deferred shares ⁽¹⁾		Fully-vested shares ⁽²⁾			Total number of shares			Weighted-average grant-date fair value ⁽³⁾
Shares
Outstanding non-vested shares at beginning of year		1,685,290			11,238		—			1,696,528		$	5.09
Shares granted		25,192			20,349		59,466			105,007		$	5.19
Shares vested/issued		(390,339	)		—		(59,466	)		(449,805	)	$	5.10
Shares canceled		—			—		—			—			—
Outstanding non-vested shares at end of year		1,320,143			31,587		—			1,351,730		$	5.09
Vested and expected to vest at end of year		377,813			31,587		—			409,400		$	5.10

(1)

During fiscal 2015, the Company granted 20,349 shares of deferred stock, with a fair of approximately $104,889, to certain directors as compensation in lieu of cash, in accordance with their irrevocable elections. The shares of deferred stock vest three years from the date of grant or at separation of service, based on the irrevocable election of each director.

(2)

During fiscal 2015, the Company granted 59,466 shares of stock, with a fair value of approximately $306,669 to certain directors as compensation in lieu of cash, in accordance with their irrevocable elections. Beginning in fiscal 2015, directors are required to elect 50% of their quarterly retainer in equity. All shares paid to directors to satisfy this election are issued from the Company’s 2006 Plan. Any shares in excess of the minimum required election are issued from the Company’s Non-Employee Director Stock Purchase Plan.

(3)	The fair value of a restricted share, deferred share and fully-vested share is equal to the Company’s closing stock price on the date of grant.

Common Stock Shares Issued to Non-Employee Directors as Compensation

The following shares of common stock, with the respective fair value, were issued to its non-employee directors as compensation for fiscal 2015, fiscal 2014 and fiscal 2013:

	Number of shares of common stock issued		Fair value of common stock issued
Fiscal 2015		24,947	$	127,734
Fiscal 2014		40,910	$	213,749
Fiscal 2013		43,541	$	255,884

Employee Stock Plan, 2006 Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Stock Option Activity

The following table summarizes stock option activity under the 2006 Plan for fiscal 2015:

	Number of Shares			Weighted-average exercise price per option		Weighted-average remaining contractual term	Aggregate intrinsic value
Stock Options
Outstanding options at beginning of year		2,747,802		$	4.97
Options granted		63,242		$	5.84
Options canceled		(60,287	)	$	5.04
Options exercised		(22,136	)	$	4.59

Outstanding options at end of year		2,728,621		$	5.00	7.0 years	$	123,181
Options exercisable at end of year		1,040,220		$	4.88	6.3 years	$	103,513
Vested and expected to vest at end of year		1,547,453		$	4.94	6.7 years	$	123,181

Employee Stock Plan, 1992 Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Stock Option Activity

The following table summarizes the final stock option activity under the 1992 Plan for fiscal 2015:

	Number of Shares			Weighted-average exercise price per option
Stock Options
Outstanding options at beginning of year		217,500		$	7.01
Options granted		—			—
Options expired		(216,500	)	$	7.01
Options canceled		(1,000	)	$	7.38
Options exercised		—			—

Outstanding options at end of year		—		$	—