Fair Value Measurements (Tables)

3 Months Ended

May 03, 2014

Fair Value Disclosures [Abstract]

Summary of Fair Value Assumptions for Derivative Liabilities

The fair value of the Series B Preferred shares was estimated using an option-pricing model that requires Level 3 inputs, which are highly subjective and determined using the following significant assumptions:

	May 3, 2014	May 4, 2013
Stock price	$2.79	$2.81
Conversion price	$1.75	$1.75
Expected volatility	75%	69%
Expected term (in years)	7.6	8.6
Risk free interest rate	2.20%	1.48%
Expected dividends	$—	$—

Summary of Activity Recorded for Derivatives Using Level 3 Inputs

The following table presents the activity recorded for the derivative liability during the first quarters ended:

	May 3, 2014			May 4, 2013
	(In thousands)
Beginning balance	$	30,720		$	20,082
(Gain) loss on change in fair value	(1,225		)	9,290
Ending balance	$	29,495		$	29,372