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Stock-Based Compensation (Tables)

3 Months Ended

May 03, 2014

The following section summarizes the share transactions for our restricted stock awards:

	Number of Shares			Weighted- Average Grant Date Fair Value
Restricted stock at February 1, 2014		525,259		$	19.84
Granted		192,800			26.05
Vested		(750	)		22.53
Forfeited		(9,800	)		20.76
Restricted stock at May 3, 2014		707,509		$	21.52

The following table summarizes the SARs activity:

	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at February 1, 2014		78,750		$	17.17
Granted		0			0.00
Forfeited		0			0.00
Exercised		(37,750	)		17.17
Outstanding at May 3, 2014		41,000		$	17.17		2.74

Exercisable at May 3, 2014		1,625		$	17.17		2.74

The fair value was estimated using a trinomial lattice model with the following assumptions:

	May 3, 2014
Risk free interest rate yield curve	0.01% -1.67%
Expected dividend yield	1.0%
Expected volatility	39.61%
Maximum life	2.74 Years
Exercise multiple	1.38
Maximum payout	$6.67
Employee exit rate	2.2% - 9.0%

Restricted Stock Awards [Member]

The following section summarizes information regarding stock-based compensation expense recognized for restricted stock awards:

(In thousands)	Thirteen Weeks Ended May 3, 2014		Thirteen Weeks Ended May 4, 2013
Stock-based compensation expense before the recognized income tax benefit	$	759	$	931
Income tax benefit	$	301	$	348

SARs [Member]

The following table summarizes information regarding stock-based compensation expense recognized for SARs:

(In thousands)	Thirteen Weeks Ended May 3, 2014		Thirteen Weeks Ended May 4, 2013
Stock-based compensation expense before the recognized income tax benefit	$	18	$	17
Income tax benefit	$	7	$	6