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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jul. 30, 2016
Summary of Significant Accounting Policies  
Schedule of Property and equipment

 

 

 

 

 

 

 

 

(amounts in thousands)

    

July 30, 2016

    

January 30, 2016

 

Computer Equipment

 

$

590

 

$

561

 

Software

 

 

79

 

 

79

 

Furniture and Fixtures

 

 

1,824

 

 

1,706

 

Leasehold Improvements

 

 

436

 

 

436

 

Less: Accumulated depreciation

 

 

(1,887)

 

 

(1,631)

 

Property and Equipment, net

 

$

1,042

 

$

1,151

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

    

July 30, 2016

    

August 1, 2015

    

July 30, 2016

    

August 1, 2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income-numerator for net income per common share and net income per common share assuming dilution

 

$

1,518

 

$

1,928

 

$

4,099

 

$

5,501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for net income per common share — weighted average shares

 

 

8,723

 

 

8,691

 

 

8,722

 

 

8,631

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

23

 

 

260

 

 

67

 

 

244

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for net income per common share, assuming dilution:

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted weighted average shares and assumed exercises

 

 

8,746

 

 

8,951

 

 

8,789

 

 

8,875

 

 

Summary of activity for stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

Weighted

 

Contractual

 

Aggregate

 

 

 

 

 

Average

 

Term

 

Intrinsic

 

 

    

Shares

    

Price

    

(in years)

    

Value

 

Outstanding, at January 30, 2016

 

1,113,003

 

$

17.50

 

4.06

 

1,339

 

Granted

 

18,000

 

$

12.24

 

 

 

 

 

Exercised

 

 —

 

$

 —

 

 

 

 

 

Canceled/forfeited

 

(667)

 

$

15.20

 

 

 

 

 

Outstanding, at July 30, 2016

 

1,130,336

 

$

17.42

 

3.61

 

 —

 

Vested and Exercisable at July 30, 2016

 

804,156

 

$

16.43

 

2.86

 

 —

 

 

Summary of information about restricted stock and performance stock units activity

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Number of

 

Grant-Date

 

 

    

Shares

    

Fair Value

 

Unvested stock at January 30, 2016

 

196,500

 

$

21.67

 

Granted

 

19,500

 

$

10.31

 

Vested

 

(63,831)

 

$

21.25

 

Forfeited

 

(5,000)

 

$

17.81

 

Unvested stock at July 30, 2016

 

147,169

 

$

20.48

 

 

Schedule of Trademarks

 

 

 

 

 

 

 

 

(amounts in thousands)

    

July 30, 2016

    

January 30, 2016

 

Acquired Trademarks

 

$

60,754

 

$

60,754

 

Other Trademarks

 

 

8,742

 

 

8,717

 

Franchise Agreements

 

 

1,300

 

 

1,300

 

Goodwill

 

 

100

 

 

100

 

Total Intangible Assets, gross

 

 

70,896

 

 

70,871

 

Accumulated amortization

 

 

(18,129)

 

 

(17,676)

 

Total Intangible Assets, net

 

$

52,767

 

$

53,195