XML 34 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
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.