Stock-Based Compensation

6 Months Ended

Jul. 30, 2011

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note 5 — Stock-Based Compensation

The Company maintains equity incentive plans under which it may grant non-qualified stock options, incentive stock options, restricted stock units, or stock appreciation rights to employees, non-employee directors and consultants.

The Company granted 172,500 stock options and 89,000 restricted stock units during the 13-week and 26-week periods ended July 30, 2011. This compares to 114,000 stock options and 225,000 restricted stock units granted in the 13-week and 26-week periods ended July 31, 2010. Total stock-based compensation expense (a component of compensation and benefits) was $900,000 for the 13-week period ended July 30, 2011 and $1.6 million for the 26-week period ended July 30, 2011 compared to $671,000 and $1.1 million, respectively, for the comparable prior year periods.