Stock-Based Compensation

3 Months Ended

Oct. 29, 2016

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, 2016 and October 31, 2015 were as follows (in thousands):

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Stock-based compensation expense by type:
Stock options	$	-	$	16	$	384	$	375
Restricted stock unit awards, including performance-based		629		815		3,237		3,980
Employee stock purchases		22		23		80		81
Director deferred compensation		24		18		70		53
Total stock-based compensation expense		675		872		3,771		4,489
Income tax benefit recognized		240		316		1,363		1,645
Stock-based compensation expense, net of income tax	$	435	$	556	$	2,408	$	2,844

In the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015, we granted the following equity awards:

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Stock options		-		1,515		36,359		21,743
Restricted stock unit awards		-		-		100,775		69,529
Performance-based restricted stock unit awards		-		-		45,300		29,300
Deferred stock units		588		500		14,744		12,128

At October 29, 2016, the total compensation costs, related to nonvested restricted stock unit awards not yet recognized was $8.7 million and the weighted-average period over which such awards are expected to be recognized was 2.4 years.  There are no future compensation costs related to nonvested stock options to be recognized at October 29, 2016.

Under the 2012 Non-Employee Director Equity Plan (2012 Plan), no shares of our common stock were awarded during the thirteen weeks ended October 29, 2016 and October 31, 2015.  A total of 2,851 and 1,981 shares of our common stock were awarded during the thirty-nine weeks ended October 29, 2016 and October 31, 2015, respectively, as part of the annual equity award to directors in the first quarter.

There were no stock options granted during the thirteen weeks ended October 29, 2016.  The weighted-average grant date fair value of stock options granted during the thirteen weeks ended October 31, 2015 was $10.52 per shares.  The weighted-average grant date fair value of stock options granted during the thirty-nine weeks ended October 29, 2016 and October 31, 2015 was $10.56 and $17.23 per share, respectively.

Our employee purchases of common stock, the average price per share and the weighted-average grant date fair value of shares purchased through our employee stock purchase plan were as follows:

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Shares purchased		3,236		3,114		11,874		8,605
Average price per share	$	29.29	$	29.76	$	27.66	$	36.66
Weighted average fair value at grant date	$	7.25	$	10.01	$	6.94	$	10.35