Stock Compensation Plans (Tables)

12 Months Ended

Feb. 03, 2018

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 2017, fiscal 2016 and fiscal 2015:

	Number of shares of common stock issued		Fair value of common stock issued
Fiscal 2017		42,450	$	96,856
Fiscal 2016		14,509	$	68,456
Fiscal 2015		24,947	$	127,734

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 2017:

	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		2,524,546		$	4.98
Options granted		30,000		$	1.85
Options canceled		(1,358,636	)	$	5.04
Options exercised		—			—

Outstanding options at end of year		1,195,910		$	4.80	4.4 years	$	21,750
Options exercisable at end of year		1,175,910		$	4.85	4.4 years	$	7,250
Vested and expected to vest at end of year		1,195,910		$	4.80	4.4 years	$	21,750

Summary of Restricted Stock Activity

The following table summarizes activity for non-vested shares under the plans for fiscal 2017:

	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		856,332			369,828			64,876			—			1,291,036		$	5.09
Shares granted		484,558			838,546			100,554			86,503			1,510,161		$	2.64
Shares vested/issued		(447,003	)		(42,453	)		(49,973	)		(86,503	)		(625,932	)	$	2.71
Shares canceled		(857,221	)		(117,369	)		—			—			(974,590	)	$	4.87
Outstanding non-vested shares at end of year		36,666			1,048,552			115,457			—			1,200,675		$	3.43
Vested and expected to vest at end of year		36,666			891,269			115,457			—			1,043,392

(1)	Restricted Stock Units (“RSU”s) were primarily granted in connection with the time-vested portion of the 2017-2018 LTIP. The RSUs vest in two tranches with the first 50% vesting on April 1, 2019 and the remaining vesting 50% on April 1, 2020.

(2)

The 100,554 shares of deferred stock, with a fair value of approximately $232,064, represent compensation to certain directors 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 2017, the Company granted 86,503 shares of stock, with a fair value of approximately $204,477 to certain directors as compensation in lieu of cash, in accordance with their irrevocable elections. Directors are required to elect 50% of their quarterly retainer in equity. Any shares in excess of the minimum required election are issued from the Third Amended and Restated Non-Employee Director Stock Purchase Plan (the “Non-Employee Director Compensation Plan”).

(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.