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Shareholders' Equity (Tables)
12 Months Ended
Feb. 02, 2013
Weighted-Average Assumptions for Determining Fair Value

The fair value of the Company’s stock-based compensation activity was determined using the following weighted-average assumptions:

 

    Fiscal Year  
    2012     2011     2010  
      Stock Options       ESPP       Stock Options       ESPP       Stock Options       ESPP  

Expected term

    4 years        0.5 years        4 years        0.5 years        4 years        0.5 years   

Expected stock volatility

    87% - 88%        71%       83% - 87%        54% - 87%        79% - 82%        60% - 97%   

Risk-free interest rates

    0.5% - 0.9%        0.1% - 0.2%        0.6% - 1.6%        0.2% - 0.6%        1.0% - 2.0%        0.3% - 0.4%   

Expected dividends

    $            —        $            —        $            —        $            —        $            —        $            —   
Stock Option (Incentive and Nonqualified) Activity

A summary of stock option (incentive and nonqualified) activity for fiscal 2012 is presented below:

 

            Shares                 Weighted-    
Average

Exercise Price
    Weighted-
Average
Remaining
    Contractual    

Term (Yrs.)
        Aggregate    
Intrinsic
Value
 
    (In thousands, except share and per share amounts)  

Outstanding at January 28, 2012

    2,990,501      $            6.61       

Granted

    20,500        1.71       

Exercised

    (143,900     1.64       

Forfeited or expired

    (479,053     12.72       
 

 

 

       

Outstanding at February 2, 2013

    2,388,048      $ 5.66        3.6      $             61   
 

 

 

   

 

 

   

 

 

   

 

 

 

Vested and expected to vest at February 2, 2013

    2,282,511      $ 5.75        3.5      $ 58   
 

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at February 2, 2013

    1,373,324      $ 6.96        3.1      $ 46   
 

 

 

   

 

 

   

 

 

   

 

 

 
Summary of Service-Based Restricted Stock Awards and Units Activity

A summary of service-based restricted stock awards activity under the Performance Plan for fiscal 2012 is presented in the following table. Except as described below, such restricted stock awards contain a service-based restriction as to vesting. These awards generally vest over four years with 25% of the grant vesting each year on the anniversary of the grant date.

 

                 Shares                  Weighted-Average
Grant-Date

Fair Value
 

Outstanding at January 28, 2012

     765,523      $                 3.91   

Granted

     1,580,782        1.75   

Vested

     (201,518     4.35   

Forfeited

     (348,844     2.87   
  

 

 

   

 

 

 

Outstanding at February 2, 2013

     1,795,943      $ 2.16   
  

 

 

   

 

 

 

                                                                                                                                                                                                                                                                                                                                                                                                  A summary of restricted stock units activity under the Performance Plan for fiscal 2012 is presented below. Restricted stock units contain a service-based restriction as to vesting. These awards generally vest 100% on the first anniversary of the grant date.

               Shares                  Weighted-Average
Grant-Date

Fair Value
 

Outstanding at January 28, 2012

     150,000      $                 3.19   

Granted

     125,000        1.57   

Released

     (125,000     3.19   

Forfeited

     (25,000     3.19   
  

 

 

   

 

 

 

Outstanding at February 2, 2013

     125,000      $ 1.57