Stock Based Compensation (Tables)

12 Months Ended

Feb. 03, 2018

Schedule of Stock Option Activity

The following table summarizes stock option transactions pursuant to our 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, 2017		7,000		$	7.63
Granted		0
Forfeited or expired		0
Exercised		(7,000	)		7.63
Outstanding and exercisable at February 3, 2018		0		$	0.00		0.00	$	0

Schedule of Stock Options Exercised

The following table summarizes information regarding options exercised:

(In thousands)	2017		2016		2015
Total intrinsic value (1)	$	127	$	0	$	229
Total cash received	$	54	$	0	$	155
Associated excess income tax benefits recorded	$	0	$	0	$	57

(1) Defined as the difference between the market value at exercise and the grant price of stock options exercised.

Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock awards pursuant to our stock-based compensation plans:

	Number of Shares			Weighted- Average Grant Date Fair Value
Restricted stock at January 28, 2017		964,858		$	22.63
Granted		274,346			24.09
Vested		(148,308	)		23.87
Forfeited		(174,971	)		18.67
Restricted stock at February 3, 2018		915,925		$	23.62

Summary of Stock Compensation Expense

The following table summarizes information regarding stock-based compensation expense recognized for restricted stock awards and restricted stock units:

(In thousands)	2017		2016		2015
Stock-based compensation expense before the recognized income tax benefit	$	5,041	$	3,507	$	3,340
Income tax benefit	$	2,490	$	1,322	$	1,274

Schedule of SARs Activity

The following table summarizes SARs activity:

	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)
Outstanding at January 28, 2017		111,300		$	24.26
Granted		0			0
Forfeited		(4,375	)		24.26
Exercised		(3,450	)		24.26
Outstanding at February 3, 2018		103,475		$	24.26		2.1
Exercisable at February 3, 2018		59,541		$	24.26		2.1

Schedule of SARs Assumptions

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

	February 3, 2018		January 28, 2017		January 30, 2016
Risk free interest rate yield curve		1.40% - 2.58%		0.49% - 1.94%		0.22% - 1.33%
Expected dividend yield		1.3%		1.1%		1.0%
Expected volatility		39.21%		35.51%		36.05%
Maximum life		2.1 Years		3.1 Years		4.1 Years
Exercise multiple		1.34		1.34		1.34
Maximum payout		$10.00		$10.00		$10.00
Employee exit rate		2.2% - 9.0%		2.2% - 9.0%		2.2% - 9.0%

Schedule of Stock Compensation Expense Recognized for SARs:

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

(In thousands)	2017			2016		2015
Stock-based compensation before the recognized income tax effect	$	(61	)	$	276	$	321
Income tax effect	$	(30	)	$	104	$	123

Restricted Stock Unit [Member]

Summary of Restricted Stock Awards Transactions

The following table summarizes transactions for our restricted stock units pursuant to our stock-based compensation plans:

	Number of Shares		Weighted- Average Grant Date Fair Value
Restricted stock units at January 28, 2017		0	$	0.00
Granted		4,000		19.55
Vested		0		0.00
Forfeited		0		0.00
Restricted stock units at February 3, 2018		4,000	$	19.55