XML 61 R43.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Compensation (Tables)
 12 Months Ended
Jan. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
The following table details the share-based compensation expense by plan and the total related income tax benefit for 2015, 2014 and 2013:

($ thousands)
 
2015

 
2014

 
2013

Expense (income) for share-based compensation plans, net of forfeitures:
 
 
 
 
 
 
Stock options
 
$
66

 
$
(46
)
 
$
248

Stock performance awards
 
1,398

 
—

 
—

Restricted stock grants
 
6,027

 
6,236

 
5,319

Total share-based compensation expense
 
7,491

 
6,190

 
5,567

Less: Income tax benefit
 
2,937

 
2,397

 
2,136

Total share-based compensation expense, net of income tax benefit
 
$
4,554

 
$
3,793

 
$
3,431
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
The following table summarizes restricted stock activity for 2015, 2014 and 2013:

 
 
Number of Nonvested Restricted Shares

 
Weighted-Average Grant Date 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

Granted
 
281,710

 
28.17

Vested
 
(364,238
)
 
14.21

Forfeited
 
(55,100
)
 
15.89

Nonvested at January 31, 2015
 
1,562,470

 
15.61

Granted
 
318,921

 
30.02

Vested
 
(492,092
)
 
14.10

Forfeited
 
(126,850
)
 
18.74

Nonvested at January 30, 2016
 
1,262,449

 
$19.55
Schedule of Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]
The following table summarizes performance share activity for 2015, 2014 and 2013:

 
 
Number of
Performance Share Awards
at Target Level

 
Number of
Nonvested
Performance Share Awards
at Maximum Level

 
Weighted-Average
Grant Date
Fair Value

Nonvested at February 2, 2013
 
222,325

 
382,525

 
$12.67
Granted (award of units payable in cash)
 
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

Granted (award of units payable in cash)
 
88,185

 
176,370

 
28.18

Vested
 
(84,275
)
 
(168,550
)
 
9.27

Expired
 
—

 
—

 
—

Forfeited
 
(19,900
)
 
(39,800
)
 
15.96

Nonvested at January 31, 2015
 
148,535

 
297,070

 
23.39

Granted (award payable in shares)
 
177,921

 
355,842

 
30.12
Vested
 
(15,182
)
 
(30,364
)
 
24.71
Expired
 
—

 
—

 
—

Forfeited
 
(3,750
)
 
(7,500
)
 
29.47
Nonvested at January 30, 2016
 
307,524

 
615,048

 
$27.14
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Fair values of options granted were estimated using the Black-Scholes option-pricing model based on the following assumptions:

 
 
 
 
2015

 
2013

Dividend yield
 
 
 
1.0
%
 
1.7
%
Expected volatility
 
 
 
45.5
%
 
67.7
%
Risk-free interest rate
 
 
 
1.8
%
 
1.3
%
Expected term (in years)
 
 
 
7

 
7
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Summarized information about stock options outstanding and exercisable at January 30, 2016 is as follows:

 
 
Outstanding
 
Exercisable
Exercise Price Range
 
Number of
Options

 
Weighted-
Average
Remaining
Life (Years)
 
Weighted-
Average
Exercise
Price
 
Number of
Options

 
Weighted-
Average
Remaining
Life (Years)
 
Weighted-
Average
Exercise
Price
$3.33 - $11.54
 
71,625

 
4.2
 
$6.36
 
54,625

 
4.5
 
$7.09
$11.55 - $14.45
 
61,000

 
4.1
 
13.99
 
61,000

 
4.1
 
13.99
$14.46 - $15.35
 
20,750

 
3.9
 
15.20
 
20,750

 
3.9
 
15.20
$15.36 - $22.44
 
63,006

 
0.5
 
20.96
 
63,006

 
0.5
 
20.96
$22.45 - $35.25
 
84,914

 
2.5
 
32.50
 
68,247

 
1.0
 
33.31

 
301,295

 
2.9
 
$18.93
 
267,628

 
2.5
 
$19.24
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option activity for 2015 under the current and prior plans:


 
Number of
Options

 
Weighted-Average
Exercise Price

Outstanding at January 31, 2015
 
416,803

 
$17.75
Granted
 
16,667

 
29.18

Exercised
 
(88,224
)
 
15.58
Forfeited
 
(7,500
)
 
35.25
Canceled or expired
 
(36,451
)
 
14.91

Outstanding at January 30, 2016
 
301,295

 
$18.93
Exercisable at January 30, 2016
 
267,628

 
$19.24
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
The following table summarizes nonvested stock option activity for 2015 under the current and prior plans:

 
 
Number of
Nonvested
Options

 
Weighted-Average
Grant Date
Fair Value

Nonvested at January 31, 2015
 
36,625

 
$
3.28

Granted
 
16,667

 
12.81

Vested
 
(19,625
)
 
4.72

Forfeited
 
—

 
—

Nonvested at January 30, 2016
 
33,667

 
$
7.16
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
The following table summarizes restricted stock unit activity for the year ended January 30, 2016:

 
 
 
Outstanding
 
Accrued (1)
 
Nonvested RSUs
 
 
 
Number of
Vested RSUs

 
Number of
Nonvested RSUs

 
Total Number
of RSUs

 
Total Number
of RSUs

 
Weighted-Average
Grant Date
Fair Value
January 31, 2015
 
292,294

 
38,700

 
330,994

 
318,094

 
$28.72
Granted (2)
 
2,800

 
36,341

 
39,141

 
27,141

 
31.65
Vested
 
39,041

 
(39,041
)
 
—

 
12,900

 
28.73
Settled
 
(21,698
)
 
—

 
(21,698
)
 
(21,698
)
 
31.41
January 30, 2016
 
312,437

 
36,000

 
348,437

 
336,437

 
$31.67
(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 3,141 RSUs resulting from dividend equivalents paid on outstanding RSUs, of which 2,800 related to outstanding vested RSUs and 341 to outstanding nonvested RSUs.
Schedule of Information About Restricted Stock Units Granted Vested And Settled [Table Text Block]
Information about RSUs granted, vested and settled during 2015, 2014 and 2013 is as follows:

($ thousands, except per unit amounts)
 
2015

 
2014

 
2013

Weighted-average grant date fair value of RSUs granted (1)
 
$
31.54

 
$
28.69

 
$
21.33

Fair value of RSUs vested
 
1,049

 
1,558

 
1,600

RSUs settled
 
21,698

 
57,260

 
9,905

(1)
Includes dividend equivalents granted on outstanding RSUs, which vest immediately.
Schedule of Restricted Stock Units Compensation Expense [Table Text Block]
The following table details the RSU compensation expense and the related income tax benefit for 2015, 2014 and 2013:

($ thousands)
 
2015

 
2014

 
2013

Compensation expense
 
$
704

 
$
2,707

 
$
3,258

Income tax benefit
 
(276
)
 
(1,053
)
 
(1,267
)
Compensation expense, net of income tax benefit
 
$
428

 
$
1,654

 
$
1,991