Fair Value Measurements (Tables)

6 Months Ended

Aug. 02, 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 as of:

	August 2, 2014	August 3, 2013
Stock price	$1.93	$4.47
Conversion price	$1.75	$1.75
Expected volatility	76%	70%
Expected term (in years)	7.4	8.4
Risk free interest rate	2.16%	2.32%
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 half ended:

	August 2, 2014			August 3, 2013
	(In thousands)
Beginning balance	$	30,720		$	20,082
(Gain) loss on change in fair value	(1,225		)	9,290
Balance at end of first quarter	29,495			29,372
(Gain) loss on change in fair value	(10,434		)	21,154
Ending balance	$	19,061		$	50,526