Stock-Based Compensation and Supplemental Employee Retirement Plan (Tables)

9 Months Ended

Nov. 01, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Weighted-average assumptions used to estimate the fair value of options granted

The following weighted-average assumptions were used to estimate the fair value of options granted during the periods indicated using the Black-Scholes option-pricing model:

	13 Weeks Ended				39 Weeks Ended
	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Dividend Yield	—	%	—	%	—	%	—	%
Expected Volatility	41.66	%	40.73	%	41.66	%	40.89	%
Risk-Free Interest Rate	1.04	%	1.00	%	1.02	%	0.63	%
Expected Life of Options (in Years)	3.3		3.3		3.3		3.3

Stock option activity

The following table summarizes the Company’s stock option activities with respect to its Plans for the 39 weeks ended November 1, 2014 (aggregate intrinsic value in thousands):

Options	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
Outstanding at February 1, 2014	882,333		$	3.82
Granted	1,980,241		$	1.24
Exercised	—		$	—
Canceled	(1,453,602	)	$	3.76
Outstanding at November 1, 2014	1,408,972		$	1.99	3.90	$	—
Vested and expected to vest in the future at November 1, 2014	1,186,232		$	2.17	3.76	$	—
Exercisable at November 1, 2014	436,927		$	3.82	2.29	$	—

Stock options outstanding

Options vested and expected to vest in the future are comprised of all options outstanding at November 1, 2014, net of estimated forfeitures. Additional information regarding stock options outstanding as of November 1, 2014, is as follows:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding as of November 1, 2014	Weighted- Average Remaining Contractual Life (in years)	Weighted- Average Exercise Price Per Share		Number Exercisable as of November 1, 2014	Weighted- Average Exercise Price Per Share
$ 0.38 - $ 0.63	514,995	4.89	$	0.52	—	$	—
$ 0.86 - $ 1.32	30,000	4.57	$	1.09	—	$	—
$ 1.52 - $ 2.36	340,378	4.46	$	1.56	—	$	—
$ 2.45 -  $ 3.76	240,666	3.04	$	3.20	173,996	$	3.20
$ 4.15 - $ 4.97	282,933	2.08	$	4.26	262,931	$	4.23
$ 0.38 - $ 4.97	1,408,972	3.90	$	1.99	436,927	$	3.82

Restricted common stock and restricted stock units activity

The following table summarizes activity with respect to the Company’s restricted stock units, restricted common stock and performance stock units during the 39 weeks ended November 1, 2014:

Restricted Stock Units, Restricted Common Stock, and Performance Stock Units	Number of Shares		Weighted-Average Grant-Date Fair Value
Nonvested at February 1, 2014	899,939		$	3.06
Granted	6,981,441		$	0.71
Vested	(436,345	)	$	2.87
Forfeited	(751,510	)	$	1.98
Nonvested at November 1, 2014	6,693,525		$	0.74

Summary of stock-based compensation

The following tables summarize stock-based compensation recorded in the condensed consolidated statements of operations (in thousands):

	13 Weeks Ended				39 Weeks Ended
	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Stock options	$	26	$	89	$	108	$	211
Restricted stock awards and units	444		278		1,467		1,001
Performance share units	34		—		34		—
Stock-based compensation	$	504	$	367	$	1,609	$	1,212

	13 Weeks Ended				39 weeks ended
	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Cost of sales	$	81	$	117	$	157	$	239
Selling, general, and administrative expenses	423		250		1,452		973
Stock-based compensation	$	504	$	367	$	1,609	$	1,212