XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.1
Accounting For Share-Based Payments (Tables)
3 Months Ended
Apr. 30, 2016
ACCOUNTING FOR SHARE-BASED PAYMENTS [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
ACCOUNTING FOR SHARE-BASED PAYMENTS
The 2010 Equity Incentive Plan (the “2010 Plan”) provides for equity-based awards to the Company’s employees, directors and consultants. Under the 2010 Plan, the Company initially reserved 1,000,000 shares of common stock for issuance. This number automatically increases on the first trading day of each fiscal year beginning with fiscal 2011, by an amount equal to 1.5% of the shares of common stock outstanding as of the last trading day of the immediately preceding fiscal year; accordingly, 2,194,305 shares of common stock were reserved for issuance as of April 30, 2016. The Company previously had two stock option plans which expired on October 31, 2010. No further awards will be granted under these plans, although all options previously granted and outstanding will remain outstanding until they are either exercised or forfeited. As of April 30, 2016, 774,252 stock options have been granted pursuant to the 2010 Plan.
The following is a summary of the stock option activity during the thirteen weeks ended April 30, 2016:
 
 
Number of
Shares
 
Weighted
Average
Exercise Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding as of January 30, 2016
975,916

 
$
8.01

 

 


Granted
10,000

 
2.86

 

 

Exercised

 

 

 


Forfeited
(150,331
)
 
7.89

 

 


Outstanding as of April 30, 2016
835,585

 
$
7.97

 
6.1
 
$

Vested and expected to vest as of April 30, 2016
835,585

 
$
7.97

 
6.1
 
$

Exercisable as of April 30, 2016
813,081

 
$
8.07

 
6.1
 
$

Schedule of Share-based Compensation, Activity [Table Text Block]
The following is a summary of stock warrants activity during the thirteen weeks ended April 30, 2016:
 
Number of
Warrants
 
Weighted
Average
Exercise Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding as of January 30, 2016
6,299,971

 
$
11.80

 

 


Granted

 

 

 

Exercised

 

 

 


Forfeited

 

 

 


Outstanding as of April 30, 2016
6,299,971

 
$
11.80

 
2.1
 
$

Vested as of April 30, 2016
6,299,971

 
$
11.80

 
2.1
 
$

Exercisable as of April 30, 2016
6,299,971

 
$
11.80

 
2.1
 
$

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]