Stock-Based Compensation

3 Months Ended

Apr. 30, 2011

Notes to Financial Statements [Abstract]

6. Stock-Based Compensation

The compensation costs that have been charged against income for the thirteen weeks ended April 30, 2011 and May 1, 2010 were as follows (in thousands):

	Thirteen Weeks Ended
	April 30,		May 1,
	2011		2010
Stock-based compensation expense by type:
Stock options	$	406	$	501
Restricted stock awards		1,394		966
Employee stock purchase		26		24
Director deferred compensation		15		-
Total stock-based compensation expense		1,841		1,491
Income tax benefit recognized		676		501
Stock-based compensation expense, net of income tax	$	1,165	$	990

In the thirteen weeks ended April 30, 2011, we granted the following equity awards:

Equity Type	Shares Awarded
Stock options	32,093
Restricted stock units	102,143
Performance-based restricted stock units	53,000
Deferred stock units	419

In addition, our employees purchased 3,239 shares of our common stock under our employee stock purchase plan.

The weighted-average grant date fair value of stock options granted during the thirteen weeks ended April 30, 2011 was $12.65 per share. The grant date fair value of shares of stock purchased through our employee stock purchase plan was $7.91 and the price paid by our employees for shares of our common stock was $30.44 during the thirteen weeks ended April 30, 2011.

At April 30, 2011, the total compensation costs, related to nonvested restricted stock unit awards not yet recognized was $10.4 million and the weighted-average period over which such awards are expected to be recognized was 3.05 years. There are no future compensation costs related to nonvested stock options to be recognized at April 30, 2011.