Stock Based Compensation (Tables)
|
12 Months Ended |
Feb. 02, 2013
|
Stock Based Compensation [Abstract] |
|
Schedule of Stock Option Activity |
The following table summarizes the stock option transactions pursuant to the stock-based compensation plans: | | Number of Shares | | | Weighted- Average Exercise Price | | | Weighted- Average Remaining Contractual Term (Years) | | | Aggregate Intrinsic Value (in thousands) | | Outstanding at January 28, 2012 | | | 271,546 | | | $ | 9.48 | | | | | | | | | | Granted | | | 0 | | | | | | | | | | | | | | Forfeited or expired | | | 0 | | | | | | | | | | | | | | Exercised | | | (232,974 | ) | | | 9.53 | | | | | | | | | | Outstanding and exercisable at February 2, 2013 | | | 38,572 | | | $ | 9.21 | | | | 3.59 | | | $ | 436 | | |
Schedule of Stock Options Exercised |
The following table summarizes information regarding options exercised: (In thousands) | | 2012 | | | 2011 | | | 2010 | | | | | | | | | | | | Total intrinsic value (1) | | $ | 2,473 | | | $ | 1,624 | | | $ | 656 | | Total cash received | | $ | 2,219 | | | $ | 2,464 | | | $ | 578 | | Associated excess income tax benefits recorded | | $ | 465 | | | $ | 399 | | | $ | 220 | | | (1) | Defined as the difference between the market value at exercise and the grant price of stock options exercised. | |
Schedule of Stock Options Outstanding and Exercisable |
The following table summarizes information regarding outstanding and exercisable options at February 2, 2013: | | | Options Outstanding | | | Options Exercisable | | Range of Exercise Price | | | Number of Options Outstanding | | | Weighted Average Remaining Life | | | Weighted Average Exercise Price | | | Number of Options Exercisable | | | Weighted Average Exercise Price | | $ | 7.63 - 10.73 | | | | 38,572 | | | | 3.59 | | | $ | 9.21 | | | | 38,572 | | | $ | 9.21 | | |
Schedule of Non-vested Option Activity |
The following table summarizes information regarding stock-based compensation expense recognized for non-vested options: (In thousands) | | 2012 | | | 2011(1) | | | 2010 (1) | | | | | | | | | Stock-based compensation expense before the recognized income tax benefit | | $ | 0 | | | $ | 22 | | | $ | 82 | | Income tax benefit | | $ | 0 | | | $ | 8 | | | $ | 31 | | | (1) | Income tax benefit was calculated using an adjusted effective tax rate. The adjusted rate removes the tax effects from the favorable resolution of certain tax positions. | |
Summary of Restricted Stock Awards Transactions |
The following table summarizes the restricted share transactions pursuant to the 2000 Plan: | | Number of Shares | | | Weighted- Average Grant Date Fair Value | | Restricted stock at January 28, 2012 | | | 277,145 | | | $ | 17.31 | | Granted | | | 344,354 | | | | 19.51 | | Vested | | | (8,954 | ) | | | 17.88 | | Forfeited or expired | | | (113,265 | ) | | | 17.18 | | Restricted stock at February 2, 2013 | | | 499,280 | | | $ | 18.84 | | |
Summary of Restricted Stock Compensation Expense |
The following table summarizes information regarding stock-based compensation expense recognized for restricted stock awards: (In thousands) | | 2012 | | | 2011(1) | | | 2010 (1) | | | | | | | | | Stock-based compensation expense before the recognized income tax benefit | | $ | 3,663 | | | $ | 1,882 | | | $ | 4,875 | | Income tax benefit | | $ | 1,436 | | | $ | 712 | | | $ | 1,851 | | | (1) | Income tax benefit was calculated using an adjusted effective tax rate. The adjusted rate removes the tax effects from the favorable resolution of certain tax positions. | |
Schedule of SARs Activity |
The following table summarizes the SARs activity: | | Number of Shares | | | Weighted- Average Exercise Price | | | Weighted- Average Remaining Contractual Term (Years) | | Outstanding at January 28, 2012 | | | 0 | | | $ | 0.00 | | | | | | Granted | | | 135,375 | | | | 17.17 | | | | | | Forfeited | | | (11,625 | ) | | | 17.17 | | | | | | Exercised | | | 0 | | | | 0.00 | | | | | | Outstanding at February 2, 2013 | | | 123,750 | | | $ | 17.17 | | | | 3.99 | | |
Schedule of SARs Assumptions |
The fair value was estimated using a trinomial lattice model with the following assumptions: | | February 2, 2013 | | Risk free interest rate yield curve | | | 0.02% - 0.88 | % | Expected dividend yield | | | 1.0 | % | Expected volatility | | | 57.16 | % | Maximum life | | | 3.99 Years | | Exercise multiple | | | 1.38 | | Maximum payout | | $ | 6.67 | | Employee exit rate | | | 2.2% - 9.0 | % | |
Schedule of SARs Expense Activity |
The following table summarizes information regarding stock-based compensation expense recognized for SARs: (In thousands) | | 2012 | | | 2011 (1) | | | 2010 (1) | | | | | | | | | Stock-based compensation expense before the recognized income tax benefit | | $ | 349 | | | $ | 197 | | | $ | 483 | | Income tax benefit | | $ | 137 | | | $ | 74 | | | $ | 183 | | (1) Income tax benefit was calculated using an adjusted effective tax rate. The adjusted rate removes the tax effects from the favorable resolution of certain tax positions. |