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Summary of Significant Accounting Policies (Tables)

3 Months Ended

May 04, 2013

Summary of Significant Accounting Policies

Property and Equipment (amounts in thousands)

Property and equipment consist of the following:

	May 4, 2013			February 2, 2013
Computer Equipment	$	315		$	285
Software	39			34
Furniture and Store Fixtures	855			595
Leasehold Improvements	312			312
Less: Accumulated depreciation	(364		)	(281		)
Property and Equipment, net	$	1,157		$	945

Schedule of reconciliation of the numerator and denominator of the basic and diluted per share computations

Earnings Per Share Computation (amounts in thousands)

The following table provides a reconciliation of the numerator and denominator of the basic and diluted per-share computations for the three month periods ended May 4, 2013 and April 28, 2012:

	Three Months Ended
	May 4, 2013		April 28, 2012
Numerator:
Net income-numerator for net income per common share and net income per common share assuming dilution	$	1,622	$	2,071

Denominator:
Denominator for net income per common share — weighted average Shares	8,393		8,387
Effect of dilutive securities:
Stock options	27		2

Denominator for net income per common share, assuming dilution:
Adjusted weighted average shares and assumed exercises	8,420		8,389

Summary of activity for stock options

					Weighted
					Average
					Remaining
			Weighted		Contractual	Aggregate
			Average		Term	Intrinsic
	Shares		Price		(in years)	Value

Outstanding, at February 2, 2013	1,075,000		$	16.37	4.49	$	424,830
Granted	45,000		$	14.18
Exercised	—		—
Canceled/forfeited	(45,001	)	$	13.74

Outstanding, at May 4, 2013	1,074,999		$	16.39	4.26	$	204,820

Vested and Exercisable at May 4, 2013	599,655		$	17.34	3.50	$	60,838

Non-vested and not exercisable at May 4, 2013	475,344		$	15.19	5.22	$	143,982

Summary of information about restricted stock and performance stock units activity

	Number of Shares	Weighted Average Grant-Date Fair Value
Unvested stock at February 2, 2013	7,500	$	13.27
Granted	39,000	$	3.80
Vested	—	—
Forfeited	—	—
Unvested stock at May 4, 2013	46,500	$	5.33

Schedule of Trademark

Trademarks (amounts in thousands)

	May 4, 2013			February 2, 2013
Acquired Trademarks	$	22,192		$	21,792
Other Trademarks	15,239			15,199
Accumulated amortization	(15,272		)	(14,860		)
Total	$	22,159		$	22,131

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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