Share-Based Payments (Tables)

12 Months Ended

Jan. 28, 2012

A summary of the Company’s stock option activity under all plans for Fiscal 2011 follows:


	For the Year Ended January 28, 2012
	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
	(In thousands)					(In years)		(In thousands)
Outstanding — January 29, 2011		12,124		$	15.25
Granted		47		$	15.02
Exercised(1)		(544	)	$	9.38
Cancelled		(430	)	$	21.18

Outstanding — January 28, 2012		11,197		$	15.31		2.2	$	29,567

Vested and expected to vest — January 28, 2012		11,077		$	15.33		2.2	$	29,303

Exercisable — January 28, 2012(2)		3,691		$	6.87		1.5	$	26,264

(1)	Options exercised during Fiscal 2011 ranged in price from $4.54 to $12.30.

(2)	Options exercisable represent “in-the-money” vested options based upon the weighted average exercise price of vested options compared to the Company’s stock price at January 28, 2012.

Black-Scholes Option Valuation Assumptions

The fair value of stock options was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:


	For the Years Ended
Black-Scholes Option Valuation Assumptions	January 28, 2012			January 29, 2011			January 30, 2010
Risk-free interest rates(1)		2.1	%		2.3	%		1.7	%
Dividend yield		2.6	%		2.1	%		3.4	%
Volatility factors of the expected market price of the Company’s common stock(2)		42.7	%		40.2	%		56.9	%
Weighted-average expected term(3)		5.0	years		4.5	years		4.1	years
Expected forfeiture rate(4)		8.0	%		8.0	%		8.0	%

(1)	Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of our stock options.

(2)	Based on a combination of historical volatility of the Company’s common stock and implied volatility.

(3)	Represents the period of time options are expected to be outstanding. The weighted average expected option term for the years ended January 28, 2012, January 29, 2011 and January 30, 2010 were determined based on historical experience.

(4)	Based on historical experience.

Summary of Restricted Stock Activity

A summary of the activity of the Company’s restricted stock is presented in the following tables:


	Time-Based Restricted Stock Units					Performance-Based Restricted Stock Units
	For the year ended January 28, 2012					For the year ended January 28, 2012
	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
	(Shares in thousands)
Nonvested — January 29, 2011		877		$	17.45		630		$	12.59
Granted		1,406			15.03		1,240			15.03
Vested		(372	)		17.45		—			—
Cancelled/Forfeited		(127	)		16.04		(108	)		12.64

Nonvested — January 28, 2012		1,784		$	15.73		1,762		$	14.23