FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Oct. 27, 2012

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:

	October 27, 2012			July 28. 2012
Conversion price	$	1.75		$	1.75
Expected volatility		66	%		66	%
Expected term (in years)		9.1			9.3
Risk free interest rate		1.86	%		1.58	%
Expected dividends	$	—		$	—

Summary of Derivative Liability Activity

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

	October 27, 2012
	(In thousands)
Beginning balance as of January 28, 2012	$	20,076
Gain on change in fair value		(6,333	)
Balance as of April 28, 2012		13,743
Loss on change in fair value		8,219
Balance as of July 28, 2012	$	21,962
Gain on change in fair value		(5,558	)
Ending balance as of October 27, 2012	$	16,404