Stock Compensation Plans (Tables)

12 Months Ended

Jan. 28, 2017

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

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 2016, fiscal 2015 and fiscal 2014:

	Number of shares of common stock issued		Fair value of common stock issued
Fiscal 2016		14,509	$	68,456
Fiscal 2015		24,947	$	127,734
Fiscal 2014		40,910	$	213,749

Employee Stock Plan, 2006 Plan and 2016 Plan

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

Stock Option Activity

The following table summarizes stock option activity under the plans for fiscal 2016:

	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		2,728,621		$	5.00
Options granted		9,004		$	4.44
Options canceled		(213,079	)	$	5.24
Options exercised		—			—

Outstanding options at end of year		2,524,546		$	4.98	5.9 years	$	11,286
Options exercisable at end of year		1,464,605		$	4.91	5.6 years	$	11,286
Vested and expected to vest at end of year		1,464,605		$	4.91	5.6 years	$	11,286

Summary of Restricted Stock Activity

The following table summarizes activity for non-vested shares under the plans for fiscal 2016:

	Restricted shares			Restricted Stock Units ⁽¹⁾			Deferred shares ⁽²⁾		Fully-vested shares ⁽³⁾			Total number of shares			Weighted-average grant-date fair value ⁽⁴⁾
Shares
Outstanding non-vested shares at beginning of year		1,320,143			—			31,587		—			1,351,730		$	5.09
Shares granted		4,168			440,125			33,289		53,725			531,307		$	5.06
Shares vested/issued		(339,539	)		(919	)		—		(53,725	)		(394,183	)	$	5.05
Shares canceled		(128,440	)		(69,378	)		—		—			(197,818	)	$	5.13
Outstanding non-vested shares at end of year		856,332			369,828			64,876		—			1,291,036		$	5.09
Vested and expected to vest at end of year		8,334			314,354			64,876		—			387,564

(1)	RSUs were granted in connection with the time-vested portion of the 2016-2017 LTIP. The RSUs will vest in two tranches with the first 50% vesting on April 1, 2018 and the remaining vesting 50% on April 1, 2019.

(2)

During fiscal 2016, the Company granted 33,289 shares of deferred stock, with a fair value of approximately $158,188, 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.

(3)

During fiscal 2016, the Company granted 53,725 shares of stock, with a fair value of approximately $255,561 to certain directors as compensation in lieu of cash, in accordance with their irrevocable elections. Since fiscal 2015, directors are required to elect 50% of their quarterly retainer in equity. All shares paid to directors to satisfy this election were issued from the Company’s 2006 Plan through July 31, 2016 and from its 2016 Plan since August 4, 2016. Any shares in excess of the minimum required election are issued from the Second Amended and Restated Non-Employee Director Stock Purchase Plan (as amended).

(4)	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.