Fair Value Measurements (Tables)

12 Months Ended

Feb. 02, 2013

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:

	February 2, 2013			January 28, 2012
Conversion price	$	1.75		$	1.75
Expected volatility		68	%		64	%
Expected term (in years)		8.85			9.87
Risk free interest rate		2.04	%		1.93	%
Expected dividends	$	—		$	—

Summary of Derivative Liability Activity

The following table presents the activity recorded for the derivative liability during the fiscal periods as follows:

	Fiscal Year Ended
	February 2, 2013		January 28, 2012
	(In thousands)
Beginning balance	$	20,076	$	—
Issuance of Series B Preferred Stock		—		15,037
Loss on change in fair value		6		5,039
Ending balance	$	20,082	$	20,076

Details of Fair Values and Carrying Values for Mortgage Debt and Components of Long-Term Debt

The table below details the fair values and carrying values for mortgage debt and the components of long-term debt as of February 2, 2013 and January 28, 2012. These fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition of these financial instruments.

	February 2, 2013
	Carrying value			Fair value
	(In thousands)
Mortgage Debt	$	28,554		$	28,452
Term Loan		65,338			64,206
Term Loan discount		(13,746	)		(13,746	)
	$	80,146		$	78,912
	January 28. 2012
	Carrying value			Fair value
	(In thousands)
Mortgage Debt	$	29,093		$	28,997
Term Loan		60,650			59,589
Term Loan discount		(15,294	)		(15,294	)
	$	74,449		$	73,292