XML 68 R45.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share-Based Compensation (Tables)
12 Months Ended
Feb. 01, 2014
Financial Information For The Company And Its Subsidiaries [Abstract]  
Share-Based Compensation Expense by Plan and Total Related Income Tax Benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ thousands)

 

2013 

 

 

2012 

 

 

2011 

Expense for share-based compensation plans:

 

 

 

 

 

 

 

 

 

Stock options

 

$

248 

 

$

215 

 

$

513 

Stock performance awards

 

 

 

 

328 

 

 

471 

Restricted stock grants

 

 

5,319 

 

 

5,946 

 

 

4,649 

Total share-based compensation expense

 

 

5,567 

 

 

6,489 

 

 

5,633 

Less:  Income tax benefit

 

 

2,136 

 

 

2,507 

 

 

2,107 

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

 

$

3,431 

 

$

3,982 

 

$

3,526 

 

Stock Options Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013 

 

2012 

 

2011 

Dividend yield

 

1.7% 

 

 

3.1% 

 

 

2.2% 

Expected volatility

 

67.7% 

 

 

66.5% 

 

 

62.9% 

Risk-free interest rate

 

1.3% 

 

 

1.4% 

 

 

2.5% 

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

 

 

68,250 

 

 

$

4.18 

 

36,500 

 

$

4.19 

$8.66$13.97

 

 

52,750 

 

 

 

10.19 

 

30,000 

 

 

10.53 

$13.98$19.29

 

 

423,360 

 

 

 

15.09 

 

390,110 

 

 

15.14 

$19.30$29.93

 

 

132,281 

 

 

 

21.39 

 

132,281 

 

 

21.39 

$29.94$35.25

 

 

74,997 

 

 

 

35.25 

 

74,997 

 

 

35.25 

 

 

 

751,638 

 

 

$

16.88 

 

663,888 

 

$

17.85 

 

Summarized Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Weighted-Average

 

 

Options

 

Exercise Price

Outstanding at February 2, 2013

 

 

1,289,807 

 

$

15.81 

   Granted

 

 

4,000 

 

 

17.00 

   Exercised

 

 

(474,474)

 

 

14.46 

   Forfeited

 

 

(62,350)

 

 

13.62 

   Canceled or expired

 

 

(5,345)

 

 

11.37 

Outstanding at February 1, 2014

 

 

751,638 

 

$

16.88 

Exercisable at February 1, 2014

 

 

663,888 

 

$

17.85 

 

Summarized Nonvested Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Weighted-Average

 

 

Nonvested

 

Grant Date

 

 

Options

 

Fair Value

Nonvested at February 2, 2013

 

 

189,200 

 

$

5.07 

   Granted

 

 

4,000 

 

 

9.46 

   Vested

 

 

(71,450)

 

 

5.09 

   Forfeited

 

 

(34,000)

 

 

5.48 

Nonvested at February 1, 2014

 

 

87,750 

 

$

5.08 

 

Summarized Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Weighted-Average

 

 

 

 

Nonvested

 

Grant Date

 

 

 

 

Restricted Shares

 

Fair Value

Nonvested at February 2, 2013

 

 

 

 

2,110,325 

 

$

10.14 

   Granted

 

 

 

 

411,735 

 

 

17.47 

   Vested

 

 

 

 

(658,712)

 

 

6.22 

   Forfeited

 

 

 

 

(163,250)

 

 

12.04 

Nonvested at February 1, 2014

 

 

 

 

1,700,098 

 

$

13.25 

 

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

 

 

February 2, 2013

 

230,673 

 

66,800 

 

297,473 

 

275,206 

 

$

11.91 

 

 

   Granted (2)

 

3,522 

 

55,215 

 

58,737 

 

40,587 

 

 

21.30 

 

 

   Vested

 

67,565 

 

(67,565)

 

 

22,267 

 

 

12.01 

 

 

   Settled

 

(9,905)

 

 

(9,905)

 

(9,905)

 

 

10.45 

 

 

February 1, 2014

 

291,855 

 

54,450 

 

346,305 

 

328,155 

 

$

21.30 

 

(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 4,287 RSUs resulting from dividend equivalents paid on outstanding RSUs, of which 3,522 related to outstanding vested RSUs and 765 related to outstanding nonvested RSUs.

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ thousands, except per unit amounts)

2013 

 

2012 

 

2011 

 

 

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

$

21.33 

 

$

12.04 

 

$

10.31 

 

 

Fair value of RSUs vested

 

1,600 

 

 

1,156 

 

 

601 

 

 

RSUs settled

 

9,905 

 

 

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)

2013 

 

2012 

 

2011 

Compensation expense

$

3,258 

 

$

2,769 

 

 

159 

Income tax benefit

 

(1,267)

 

 

(1,077)

 

 

(62)

Compensation expense, net of income tax benefit

$

1,991 

 

$

1,692 

 

$

97 

 

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 February 2, 2013

 

222,325 

 

 

382,525 

 

$

12.67 

   Granted

 

70,225 

 

 

140,450 

 

 

17.00 

   Vested

 

(117,250)

 

 

(175,875)

 

 

15.20 

  Expired

 

 

 

 

 

   Forfeited

 

(10,775)

 

 

(18,050)

 

 

13.09 

Nonvested at February 1, 2014

 

164,525 

 

 

329,050 

 

$

12.69