STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 01, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The compensation cost for these plans was as follows (in thousands):

	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Stock-based compensation expense by type:
Stock options	$	358	$	805	$	460
Restricted stock units		5,250		4,715		4,857
Employee stock purchases		100		93		76
Director deferred compensation		130		36		60
Total stock-based compensation expense		5,838		5,649		5,453
Income tax benefit recognized		2,154		2,082		1,987
Stock-based compensation expense, net of income tax	$	3,684	$	3,567	$	3,466

Employee Stock Purchases

The Company's ESPP allows eligible employees the right to purchase shares of our common stock, subject to certain limitations, at 85% of the lesser of the market value at the end of each calendar quarter (purchase date) or the beginning of each calendar quarter. Our employee purchases of common stock and the average price per share through the ESPP were as follows:

Fiscal Year Ended	Shares Purchased		Average Price Per Share
February 1, 2014		8,066	$	46.39
February 2, 2013		7,596	$	43.45
January 28, 2012		9,184	$	29.76

Restricted Stock Unit Awards Activity

The following table summarizes the restricted stock unit awards activity under all of our plans during Fiscal 2014:

	RSUs			PSUs				Totals
	Number of Awards	Weighted Average Grant-Date Fair Value		Number of Awards		Weighted Average Grant-Date Fair Value		Number of Awards	Weighted Average Grant-Date Fair Value
Restricted stock unit awards outstanding at February 2, 2013	378,366	$	29.00		265,700	$	27.66	644,066	$	28.45
Granted	70,603		54.17		36,700		54.06	107,303		54.13
PSU multiplier earned (1)	-		-		28,650		18.46	28,650		18.46
Vested	(117,862)		18.27		(110,000)		17.01	(227,862)		17.66
Forfeited, cancelled or expired	(10,790)		37.98		-		-	(10,790)		37.98
Restricted stock unit awards outstanding at February 1, 2014	320,317	$	38.20		221,050	$	33.55	541,367	$	36.30

(1) PSU multiplier earned represents the net additional RSUs awarded to our NEOs above and below their target grants resulting from the achievement of performance goals above or below the performance targets established at grant.

Stock Option Activity

Activity for our option plans during Fiscal 2014 was as follows:

	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000's)
Options outstanding at February 2, 2013	342,173	$	27.34		5.29	$	8,875
Granted	19,928		54.74
Exercised	(118,075)		22.34
Forfeited, cancelled or expired	-		-
Options outstanding at February 1, 2014	244,026	$	31.99		5.69	$	6,841

Exercisable at February 1, 2014	244,026	$	31.99		5.69	$	6,841

Employee Stock Purchase Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair value weighted average assumptions-stock options

The assumptions used in the option pricing model were as follows:

	Fiscal Year Ended
	February 1, 2014	February 2, 2013	January 28, 2012
Weighted average fair value at date of grant	$12.47	$12.37	$8.23
Expected life (years)	0.25	0.25	0.25
Expected volatility	34.4% - 41.0%	39.7% - 42.6%	43.6% - 45.2%
Risk-free interest rate	0.01% - 0.05%	0.02% - 0.10%	0.04% - 0.10%
Dividend yield	None	None	None

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair value weighted average assumptions-stock options

Following is the weighted average fair value of each option granted during Fiscal 2014. The fair value was estimated on the date of grant using the Black-Scholes pricing model with the following weighted average assumptions for each period:

	Quarter Ended
	May 4, 2013				August 3, 2013		November 2, 2013		February 1, 2014
Grant date		Mar 19	Mar 31		Jun 30		Sep 30		Dec 31
Exercise price	$	54.06	$	56.27	$	55.57	$	56.11	$	67.15
Weighted average fair value at date of grant	$	17.50	$	17.98	$	17.40	$	21.51	$	26.10
Expected option life (years)		4.71		4.71		4.71		5.18		5.18
Expected volatility		36.96%		36.47%		34.38%		41.03%		40.95%
Risk-free interest rate		0.74%		0.72%		1.31%		1.43%		1.79%
Dividend yield		None		None		None		None		None