Stock-Based Compensation

3 Months Ended

Apr. 28, 2012

Stock-Based Compensation [Abstract]

Stock-Based Compensation

5.           Stock-Based Compensation

The compensation costs that have been charged against income for the thirteen weeks ended April 28, 2012 and April 30, 2011 were as follows (in thousands):

	Thirteen Weeks Ended
	April 28,		April 30,
	2012		2011
Stock-based compensation expense by type:
Stock options	$	708	$	406
Restricted stock awards		1,890		1,394
Employee stock purchase		18		26
Director deferred compensation		-		15
Total stock-based compensation expense		2,616		1,841
Income tax benefit recognized		977		676
Stock-based compensation expense, net of income tax	$	1,639	$	1,165

In the thirteen weeks ended April 28, 2012 and April 30, 2011, we granted the following equity awards:

Equity Type	April 28,  2012	April 30, 2011
Stock options	36,666	32,093
Restricted stock units	63,516	102,143
Performance-based restricted stock units	38,100	53,000
Deferred stock units	-	419

In addition, our employees purchased 3,097 and 3,239 shares of our common stock under our employee stock purchase plan during the thirteen weeks ended April 28, 2012 and April 30, 2011, respectively.

The weighted-average grant date fair value of stock options granted during the thirteen weeks ended April 28, 2012 was $19.32 per share.  The grant date fair value of shares of stock purchased through our employee stock purchase plan was $7.25 and the price paid by our employees for shares of our common stock was $38.40 during the thirteen weeks ended April 28, 2012.  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 28, 2012, the total compensation costs, related to nonvested restricted stock unit awards not yet recognized was $11.9 million and the weighted-average period over which such awards are expected to be recognized was 2.88 years.  There are no future compensation costs related to nonvested stock options to be recognized at April 28, 2012.