Restricted Stock (Tables)

3 Months Ended

May 04, 2013

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

Schedule of Restricted Stock Fair Value [Table Text Block]

Grant date fair values and derived service periods for each tranche were determined using a Monte Carlo valuation model based on assumptions, which included a weighted average risk-free interest rate of 0.32%, a weighted average expected life of 2.8 years and an implied volatility of 78% and were as follows for each tranche:

	Fair Value (Per Share)	Derived Service Period
Tranche 1 ($6.00/share)	$1.48	15	months
Tranche 2 ($8.00/share)	$1.39	20	months
Tranche 3 ($10.00/share)	$1.31	24	months

Schedule of Non-vested Restricted Stock Activity [Table Text Block]

A summary of the status of the Company’s non-vested restricted stock activity as of May 4, 2013 and changes during the three-month period then ended is as follows:

	Shares		Weighted Average Grant Date Fair Value
Non-vested outstanding, February 3, 2013	772,000		$3.00
Granted	2,000		$2.70
Vested	(226,000	)	$6.36
Forfeited	(8,000	)	$2.26
Non-vested outstanding, May 4, 2013	540,000		$1.61