Stock-Based Compensation

9 Months Ended

Oct. 29, 2011

Stock-Based Compensation [Abstract]

Stock-Based Compensation

5.           Stock-Based Compensation

The compensation costs that have been charged against income for the thirteen and thirty-nine weeks ended October 29, 2011 and October 30, 2010 were as follows (in thousands):

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 29,		October 30,		October 29,		October 30,
	2011		2010		2011		2010
Stock-based compensation expense by type:
Stock options	$	19	$	18	$	442	$	638
Restricted stock awards		1,594		1,219		4,214		3,000
Employee stock purchase		19		18		60		58
Director deferred compensation		15		-		45		-
Total stock-based compensation expense		1,647		1,255		4,761		3,696
Income tax benefit recognized		604		463		1,747		1,291
Stock-based compensation expense, net of income tax	$	1,043	$	792	$	3,014	$	2,405

In the thirteen and thirty-nine weeks ended October 29, 2011, we granted the following equity awards:

	Shares Awarded
Equity Type	Thirteen Weeks	Thirty-Nine Weeks
Stock options	1,341	34,551
Restricted stock units	1,000	103,143
Performance-based restricted stock units	-	53,000
Deferred stock units	442	1,229

In addition, our employees purchased 2,472 and 7,550 shares of our common stock under our employee stock purchase plan during the thirteen and thirty-nine weeks ended October 29, 2011, respectively.

The weighted-average grant date fair value of stock options granted during the thirteen and thirty-nine weeks ended October 29, 2011 was $13.86 and $12.81 per share, respectively.  The grant date fair value of shares of stock purchased through our employee stock purchase plan was $8.95 and $8.23, respectively and the price paid by our employees for shares of our common stock was $28.81 and $29.97, respectively during the thirteen and thirty-nine weeks ended October 29, 2011.

At October 29, 2011, the total compensation costs, related to nonvested restricted stock unit awards not yet recognized was $9.2 million and the weighted-average period over which such awards are expected to be recognized was 2.51 years.  There are no future compensation costs related to nonvested stock options to be recognized at October 29, 2011.