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RETIREMENT AND STOCK PURCHASE PLANS
12 Months Ended
Feb. 01, 2014
RETIREMENT AND STOCK PURCHASE PLANS  
RETIREMENT AND STOCK PURCHASE PLANS

11. RETIREMENT AND STOCK PURCHASE PLANS

We have a 401(k) savings plan which allows eligible employees to save for retirement on a tax deferred basis. Employer matching contributions under the 401(k) savings plan are made based on a formula set by the Board from time to time. During fiscal 2013, 2012 and 2011, our matching contributions for the plan charged to operations were $1.0 million, $1.0 million and $0.9 million, respectively.

In addition, we have an Employee Stock Discount Plan ("ESDP") which allows employees to authorize after-tax payroll deductions to be used for the purchase of up to 2,137,500 shares of our common stock at 85% of the lesser of the fair market value of our common stock on the first day of the offering period or the fair market value of our common stock on the last day of the offering period. We make no contributions to this plan but pay all brokerage, service and other costs incurred. A participant may not purchase more than 125 shares during any calendar quarter.

During fiscal 2013, 2012 and 2011, employees purchased 108,110 shares, 104,654 shares and 103,964 shares, respectively, under the ESDP, the weighted-average fair value of which was $28.06, $25.18 and $22.53 per share, respectively. We recognized approximately $0.8 million, $0.7 million and $0.7 million of share-based compensation expense related to the ESDP for fiscal 2013, 2012 and 2011, respectively. As of February 1, 2014, 740,338 shares were reserved for future issuance under the ESDP.