Stock-Based Compensation Stock-Based Compensation

3 Months Ended

May 04, 2013

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

Disclosure of compensation related costs, share-based payments

Stock-Based Compensation

Total stock-based compensation recognized primarily in selling, general and administrative expenses from stock options and RSUs consisted of the following: 

	Three Months Ended
	May 4, 2013		April 28, 2012
	(in thousands)
Stock options	$	213	$	230
RSUs	419		118
	$	632	$	348

All share and per share information has been retroactively adjusted to reflect the Reverse Stock Split.

During the three months endedMay 4, 2013 and April 28, 2012, employees were granted 97,000 and 245,325 stock options, respectively. The fair value of stock option awards was estimated at the grant date using the Black-Scholes option valuation model with the following weighted average assumptions: 

	Three Months Ended
	May 4, 2013			April 28, 2012
Risk-free interest rate	0.8		%	0.7		%
Expected volatility	91.4		%	89.6		%
Expected life	5.0 years			5.0 years
Expected dividends	$	—		$	—
Weighted average fair value per share	$	2.46		$	3.20

During the three months endedMay 4, 2013 and April 28, 2012, employees were granted 410,200 and 106,375 RSUs, respectively, at a weighted average fair value of $3.49 and $4.64, respectively. During the three months endedApril 28, 2012, employees were also granted 123,500 performance RSUs at a weighted average grant date fair value of $4.64. For the performance RSUs granted during the three months endedApril 28, 2012, half of the RSUs are subject to the achievement of combined operating income targets for fiscal years 2012, 2013 and 2014, and half of the RSUs are subject to the achievement of sales targets for fiscal years 2012, 2013 and 2014. The number of shares actually awarded under performance RSUs will range from 0% to 200% of the base award amount, depending on the results during the performance period.