Shareholders' Equity (Tables)

3 Months Ended

May 04, 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:


	For the First Quarter Ended
	April 28, 2012
Expected life		4 years
Expected volatility		87	%
Risk-free interest rate		0.92	%
Expected dividends	$	—

Stock Option (Incentive and Nonqualified) Activity

A summary of stock option (incentive and nonqualified) activity for the first quarter of fiscal 2013 is presented below:


	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Yrs.)		Aggregate Intrinsic Value ($000s)
Outstanding at February 2, 2013		2,388,048		$	5.66
Granted		—			—
Exercised		(4,500	)		1.64
Forfeited or expired		(36,593	)		10.58

Outstanding at May 4, 2013		2,346,955		$	5.59		3.4	$	180

Vested and expected to vest at May 4, 2013		2,304,447		$	5.63		3.3	$	173

Exercisable at May 4, 2013		1,387,264		$	6.78		3.0	$	138

Summary of Service-Based Restricted Stock Awards and Units Activity

A summary of service-based restricted stock awards activity under the Performance Plan for the first quarter of fiscal 2013 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 February 2, 2013		1,795,943		$	2.16
Granted		120,000			2.16
Vested		(437,090	)		2.28
Forfeited or expired		(3,527	)		1.77

Outstanding at May 4, 2013		1,475,326		$	2.13

A summary of restricted stock units activity under the Performance Plan for the first quarter of fiscal 2013 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 February 2, 2013		125,000	$	1.57
Granted		—		—
Vested		—		—
Forfeited or expired		—		—

Outstanding at May 4, 2013		125,000	$	1.57