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Share-Based Plans (Tables)
12 Months Ended
Feb. 02, 2013
Financial Information For The Company And Its Subsidiaries [Abstract]  
Share-Based Compensation Expense by Plan and Total Related Income Tax Benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ thousands)

 

2012 

 

 

2011 

 

 

2010 

Expense for share-based compensation plans:

 

 

 

 

 

 

 

 

 

Stock options

 

$

215 

 

$

513 

 

$

824 

Stock performance awards

 

 

328 

 

 

471 

 

 

1,243 

Restricted stock grants

 

 

5,946 

 

 

4,649 

 

 

4,077 

Total share-based compensation expense

 

 

6,489 

 

 

5,633 

 

 

6,144 

Less:  Income tax benefit

 

 

2,507 

 

 

2,107 

 

 

2,082 

Total share-based compensation expense, net of income tax benefit

 

$

3,982 

 

$

3,526 

 

$

4,062 

 

Stock Options Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012 

 

2011 

 

2010 

Dividend yield

 

3.1% 

 

 

2.2% 

 

 

2.0% 

Expected volatility

 

66.5% 

 

 

62.9% 

 

 

59.8% 

Risk-free interest rate

 

1.4% 

 

 

2.5% 

 

 

2.9% 

Expected term (in years)

 

 

 

 

 

 

Stock Options Outstanding and Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

Exercisable

 

 

 

 

 

Weighted-

 

Weighted-

 

 

 

Weighted-

 

 

 

Number

 

Average

 

Average

 

Number

 

Average

 

 

 

of

 

Remaining

 

Exercise

 

of

 

Exercise

Exercise Price Range

 

 

Options

 

Life (Years)

 

Price

 

Options

 

Price

$3.33 – $8.65

 

 

127,700 

 

 

$

4.07 

 

60,625 

 

$

3.83 

$8.66 – $13.97

 

 

163,406 

 

 

 

10.75 

 

109,281 

 

 

11.19 

$13.98 – $19.29

 

 

774,548 

 

 

 

15.75 

 

706,548 

 

 

15.87 

$19.30 – $24.61

 

 

140,906 

 

 

 

21.38 

 

140,906 

 

 

21.38 

$24.62 – $29.93

 

 

3,000 

 

 

 

24.97 

 

3,000 

 

 

24.97 

$29.94 – $35.25

 

 

80,247 

 

 

 

35.25 

 

80,247 

 

 

35.25 

 

 

 

1,289,807 

 

 

$

15.81 

 

1,100,607 

 

$

16.88 

 

Summarized Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Weighted-Average

 

 

Options

 

Exercise Price

Outstanding at January 28, 2012

 

 

1,662,610 

 

$

15.79 

   Granted

 

 

26,000 

 

 

9.18 

   Exercised

 

 

(139,243)

 

 

10.10 

   Forfeited

 

 

(253,935)

 

 

18.43 

   Canceled or expired

 

 

(5,625)

 

 

8.04 

Outstanding at February 2, 2013

 

 

1,289,807 

 

$

15.81 

Exercisable at February 2, 2013

 

 

1,100,607 

 

$

16.88 

 

Summarized Nonvested Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Weighted-Average

 

 

Nonvested

 

Grant Date

 

 

Options

 

Fair Value

Nonvested at January 28, 2012

 

 

278,275 

 

$

5.26 

   Granted

 

 

26,000 

 

 

5.46 

   Vested

 

 

(95,350)

 

 

5.18 

   Forfeited

 

 

(19,725)

 

 

6.50 

Nonvested at February 2, 2013

 

 

189,200 

 

$

5.07 

 

Summarized Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Weighted-Average

 

 

 

 

Nonvested

 

Grant Date

 

 

 

 

Restricted Shares

 

Fair Value

Nonvested at January 28, 2012

 

 

 

 

1,850,297 

 

$

11.09 

   Granted

 

 

 

 

759,400 

 

 

9.71 

   Vested

 

 

 

 

(330,072)

 

 

14.43 

   Forfeited

 

 

 

 

(169,300)

 

 

11.39 

Nonvested at February 2, 2013

 

 

 

 

2,110,325 

 

$

10.14 

 

Summarized Restricted Stock Units Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

Accrued(1)

 

Nonvested RSUs

 

 

 

 

Number of

 

Number of

 

Total

 

Total

 

Weighted-Average

 

 

 

 

Vested

 

Nonvested

 

Number

 

Number

 

Grant Date

 

 

 

 

RSUs

 

RSUs

 

of RSUs

 

of RSUs

 

Fair Value

 

 

January 28, 2012

 

165,338 

 

65,975 

 

231,313 

 

209,321 

 

$

10.41 

 

 

   Granted (2)

 

4,377 

 

68,215 

 

72,592 

 

50,325 

 

 

11.94 

 

 

   Vested

 

67,390 

 

(67,390)

 

 

21,992 

 

 

10.47 

 

 

   Settled

 

(6,432)

 

 

(6,432)

 

(6,432)

 

 

16.31 

 

 

February 2, 2013

 

230,673 

 

66,800 

 

297,473 

 

275,206 

 

$

11.91 

 

(1)

Accrued RSUs include all fully vested awards and a pro-rata portion of nonvested awards based on the elapsed portion of the vesting period.

 

(2)

Granted RSUs include 5,792 RSUs resulting from dividend equivalents paid on outstanding RSUs, of which 4,377 related to outstanding vested RSUs and 1,415 related to outstanding nonvested RSUs.

 

 

Information About Restricted Stock Units Granted, Vested And Settled [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ thousands, except per unit amounts)

2012 

 

2011 

 

2010 

 

 

Weighted-average grant date fair value of RSUs granted(1)

$

12.04 

 

$

10.31 

 

$

16.46 

 

 

Fair value of RSUs vested

 

1,156 

 

 

601 

 

 

534 

 

 

RSUs settled

 

6,432 

 

 

47,796 

 

 

 

(1)

Includes dividend equivalents granted on outstanding RSUs, which vest immediately.

 

RSU Compensation Expense and Total Related Income Tax Benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ thousands)

2012 

 

2011 

 

2010 

Compensation expense

$

2,769 

 

$

159 

 

$

798 

Income tax benefit

 

(1,077)

 

 

(62)

 

 

(310)

Compensation expense, net of income tax benefit

$

1,692 

 

$

97 

 

$

488 

 

Summarized Stock Performance Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Number of

 

Weighted-

 

Nonvested Stock Performance Awards at

 

Nonvested Stock Performance Awards

 

Average Grant Date

 

Target Level

 

at Maximum Level

 

Fair Value

Nonvested at January 28, 2012

 

285,750 

 

 

428,625 

 

$

14.56 

   Granted

 

104,325 

 

 

208,650 

 

 

9.46 

   Vested

 

(140,000)

 

 

(210,000)

 

 

13.99 

   Expired

 

 

 

 

 

   Forfeited

 

(27,750)

 

 

(44,750)

 

 

13.34 

Nonvested at February 2, 2013

 

222,325 

 

 

382,525 

 

$

12.67