STOCK-BASED COMPENSATION (Tables)

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

	Fiscal Year Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Stock-based compensation expense by type:
Stock options	$	469	$	358	$	805
Restricted stock units		3,833		5,250		4,715
Employee stock purchases		96		100		93
Director deferred compensation		70		130		36
Total stock-based compensation expense		4,468		5,838		5,649
Income tax benefit recognized		1,645		2,154		2,082
Stock-based compensation expense, net of income tax	$	2,823	$	3,684	$	3,567

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
January 31, 2015		8,882	$	42.16
February 1, 2014		8,066	$	46.39
February 2, 2013		7,596	$	43.45

The following table summarizes the restricted stock unit awards activity under all of our plans during Fiscal 2015:

	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 1, 2014		320,317		$	38.20		221,050		$	33.55			541,367		$	36.30
Granted		73,074			56.80		25,300			56.84			98,374			56.81
PSU multiplier earned (1)		-			-		4,075			(20.07	)		4,075			(20.07	)
Vested		(109,721	)		27.95		(120,400	)		26.98			(230,121	)		27.44
Forfeited, cancelled or expired		(17,781	)		37.01		(31,250	)		40.61			(49,031	)		39.31
Restricted stock unit awards outstanding at January 31, 2015		265,889		$	47.62		98,775		$	43.08			364,664		$	46.39

Activity for our option plans during Fiscal 2015 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 1, 2014		244,026		$	31.99		5.69	$	6,841
Granted		20,314			55.19
Exercised		(22,046	)		18.71
Forfeited, cancelled or expired		-			-
Options outstanding at January 31, 2015		242,294		$	35.15		5.34	$	3,439

Exercisable at January 31, 2015		242,294		$	35.15		5.34	$	3,439

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

	Fiscal Year Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Weighted average fair value at date of grant	$	10.78	$	12.47	$	12.37
Expected life (years)		0.25		0.25		0.25
Expected volatility		36.4% - 46.4%		34.4% - 41.0%		39.7% - 42.6%
Risk-free interest rate		0.04% - 0.16%		0.01% - 0.05%		0.02% - 0.10%
Dividend yield		None		None		None

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 3, 2014				August 2, 2014		November 1, 2014		January 31, 2015
Grant date		Mar 18	Mar 31		Jun 30		Sep 30		Dec 31
Exercise price	$	56.84	$	52.88	$	54.17	$	42.63	$	48.43
Weighted average fair value at date of grant	$	24.31	$	22.74	$	18.99	$	15.36	$	18.58
Expected option life (years)		5.18		5.18		5.18		5.36		5.36
Expected volatility		46.46%		46.42%		36.42%		36.47%		39.73%
Risk-free interest rate		1.59%		1.76%		1.64%		1.82%		1.68%
Dividend yield		None		None		None		None		None