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Stock Compensation Plans (Tables)
 12 Months Ended
Oct. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of transactions involving outstanding stock options and non-vested restricted stock and restricted stock unit awards under 2006 plan
The following table summarizes transactions involving outstanding stock options and non-vested restricted stock and restricted stock unit awards (stock awards) under the 2006 plan:
 
Stock Options
 
Restricted Stock
2006 Plan
Number of
shares
 
Weighted
average
exercise
price
 
Weighted
average
contractual
life
 
Aggregate
Intrinsic
Value
 
Number of
shares
 
Weighted
average
grant date
fair value
 
 
 
 
 
(in years)
 
(in thousands)
 
 
 
 
Outstanding - November 3, 2013
484,150

 
$
6.50

 
5.42

 
$
1,041

 
73,334

 
$
7.61

Granted
340,000

 
$
12.59

 
—

 
—

 
15,000

 
$
9.24

Expired
(34,600
)
 
$
6.39

 
—

 
—

 
—

 
—

Forfeited
(25,400
)
 
$
6.39

 
—

 
—

 
—

 
—

Vested
—

 
—

 
—

 
—

 
(65,000
)
 
$
7.97

Outstanding - November 2, 2014
764,150

 
$
9.22

 
5.43

 
$
776

 
23,334

 
$
7.68

Granted
393,528

 
$
9.21

 
—

 
—

 
170,979

 
$
9.32

Expired
—

 
—

 
—

 
—

 
—

 
—

Forfeited
(94,000
)
 
$
12.49

 
—

 
—

 
—

 
—

Vested
—

 
—

 
—

 
—

 
(144,154
)
 
$
9.11

Exercised
(83,264
)
 
$
6.39

 
—

 
—

 
 
 
 
Outstanding - November 1, 2015
980,414

 
$
9.14

 
5.31

 
$
727

 
50,159

 
$
9.17

Granted
189,897

 
$
7.18

 
—

 
—

 
38,314

 
$
7.18

Exercised
(11,682
)
 
$
6.39

 
—

 
—

 


 


Forfeited
(216,000
)
 
$
8.34

 
—

 
—

 
—

 
—

Vested
—

 
—

 
—

 
—

 
(44,692
)
 
$
9.24

Outstanding - October 30, 2016
942,629

 
$
8.97

 
6.91

 
$
1

 
43,781

 
$
7.35

Unvested at October 30, 2016
214,555

 
$
7.34

 
9.37

 
$
1

 
43,781

 
$
7.35

Vested and unexercisable at October 30, 2016
85,000

 
14.00

 
4.67

 
—

 
—

 
 
Exercisable at October 30, 2016
643,074

 
$
8.84

 
6.38

 
$
—

 

 

Compensation expense for the stock options and units that were not immediately vested is recognized over the vesting period.
 
Stock Options
 
Restricted Stock
2015 Plan
Number of
shares
 
Weighted
average
exercise
price
 
Weighted
average
contractual
life
 
Aggregate
Intrinsic
Value
 
Number of
shares
 
Weighted
average
grant date
fair value
 
 
 
 
 
(in years)
 
(in thousands)
 
 
 
 
Outstanding - November 1, 2015
—

 
$
—

 
—

 
$
—

 
—

 
$
—

Granted
981,154

 
6.48

 
—

 
—

 
261,721

 
6.41

Exercised
—

 
—

 
—

 
—

 
—

 
—

Forfeited
(2,748
)
 
$
6.06

 
—

 
—

 
(550
)
 
6.06

Vested
—

 
—

 
—

 
—

 
(75,219
)
 
6.06

Outstanding - October 30, 2016
978,406

 
$
6.48

 
9.51

 
$
242

 
185,952

 
$
7.13

Unvested at October 30, 2016
917,723

 
$
6.36

 
9.55

 
$
22

 
185,952

 
$
7.13

Vested and unexercisable at October 30, 2016
—

 
—

 
—

 
—

 
—

 
—

Exercisable at October 30, 2016
60,683

 
$
8.33

 
8.98

 
$
—

 
 
 
 
Summary of estimated fair value of stock options
The weighted average assumptions used to estimate the fair value of stock options for the respective fiscal years were as follows:
 
October 30,
2016
 
November 1,
2015
 
November 2,
2014
Weighted-average fair value of stock option granted
$2.41
 
$2.97
 
$3.21
Expected volatility
40.0%
 
40.0%
 
48.0%
Expected term (in years)
6.00
 
4.67
 
7.00
Risk-free interest rate
1.32%
 
1.53%
 
2.25%
Expected dividend yield
0.0%
 
0.0%
 
0.0%
Summary of share based compensation expense recognized in selling, administrative and other operating costs in consolidated statements of operations
Share-based compensation expense was recognized in Selling, administrative and other operating costs in the Company’s Consolidated Statements of Operations as follows (in thousands):
 
Year Ended
 
October 30,
2016
 
November 1,
2015
 
November 2,
2014
 
 
 
 
 
 
Selling, administrative and other operating costs
$
1,828

 
$
2,906

 
$
1,198

Total
$
1,828

 
$
2,906

 
$
1,198