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Share-Based Compensation (Tables)
12 Months Ended
Feb. 03, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Expense by Plan
The following table details the share-based compensation expense by plan for 2017, 2016 and 2015:

($ thousands)
 
2017

 
2016

 
2015

Expense for share-based compensation plans, net of forfeitures:
 
 
 
 
 
 
Restricted stock
 
$
7,657

 
$
5,858

 
$
6,027

Stock performance awards
 
3,508

 
1,829

 
1,398

Restricted stock units
 
66

 

 

Stock options
 
67

 
38

 
66

Total share-based compensation expense
 
$
11,298

 
$
7,725

 
$
7,491

Schedule of Share-based Compensation, Restricted Stock Activity
The following table summarizes restricted stock activity for 2017, 2016 and 2015:

 
 
Number of Nonvested
Restricted Shares

 
Weighted-Average
Grant Date Fair Value

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

Granted
 
402,100

 
27.55

Vested
 
(428,750
)
 
9.29

Forfeited
 
(107,750
)
 
24.24

Nonvested at January 28, 2017
 
1,128,049

 
25.85

Granted
 
392,812

 
27.07

Vested
 
(267,585
)
 
17.55

Forfeited
 
(78,475
)
 
29.26

Nonvested at February 3, 2018
 
1,174,801

 
$27.92

Schedule of Share-based Compensation, Performance Shares Activity
The following table summarizes performance share award activity for 2017, 2016 and 2015:

 
 
Number of
Nonvested Performance Share Awards
at Target Level

 
Number of
Nonvested
Performance Share Awards
at Maximum Level

 
Weighted-Average
Grant Date
Fair Value

Nonvested at January 31, 2015
 
148,535

 
297,070

 
$23.39
Granted
 
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

Granted
 
159,000

 
318,000

 
26.64

Vested
 
(56,175
)
 
(112,350
)
 
17.00

Expired
 

 

 

Forfeited
 
(7,850
)
 
(15,700
)
 
27.14

Nonvested at January 28, 2017
 
402,499

 
804,998

 
28.36

Granted
 
169,500

 
339,000

 
26.90
Vested
 
(160,372
)
 
(320,744
)
 
29.16
Expired
 

 

 

Forfeited
 
(12,000
)
 
(24,000
)
 
27.46
Nonvested at February 3, 2018
 
399,627

 
799,254

 
$27.45
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of options granted was estimated using the Black-Scholes option-pricing model based on the following assumptions:

 
 
 
 
 
 
2015

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

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
Summarized information about stock options outstanding and exercisable at February 3, 2018 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 - $5.99
 
17,000

 
1.1
 
$3.49
 
12,000

 
1.1

 
$3.56
$6.00 - $9.17
 
14,875

 
3.4
 
8.05
 
14,875

 
3.4

 
8.05
$9.18 - $14.60
 
16,000

 
3.1
 
11.22
 
16,000

 
3.1

 
11.22
$14.61 - $22.34
 
16,500

 
1.4
 
15.23
 
16,500

 
1.4

 
15.23

$22.35 - $29.18
 
16,667

 
7.0
 
29.18
 

 

 


 
81,042

 
3.2
 
$13.53
 
59,375

 
2.3

 
$9.99
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock option activity for 2017 under the current and prior plans:


 
Number of
Options

 
Weighted-Average
Exercise Price

Outstanding at January 28, 2017
 
150,540

 
$20.25
Exercised
 
(21,250
)
 
12.55
Forfeited
 

 

Canceled or expired
 
(48,248
)
 
34.94

Outstanding at February 3, 2018
 
81,042

 
$13.53
Exercisable at February 3, 2018
 
59,375

 
$9.99
Schedule of Disclosure of Share-based Compensation Nonvested Stock Option Activity
The following table summarizes nonvested stock option activity for 2017 under the current and prior plans:

 
 
Number of
Nonvested
Options

 
Weighted-Average
Grant Date
Fair Value

Nonvested at January 28, 2017
 
26,667

 
$8.42
Granted
 

 

Vested
 
(5,000
)
 
1.12

Forfeited
 

 

Nonvested at February 3, 2018
 
21,667

 
$10.11
Schedule of Share-based Compensation, Restricted Stock Units Activity
The following table summarizes restricted stock unit activity for the year ended February 3, 2018:

 
 
 
Outstanding
 
Accrued (1)
 
Nonvested RSUs
 
 
 
Number of
Vested RSUs

 
Number of
Nonvested RSUs

 
Total Number
of RSUs
(2)

 
Total Number
of RSUs

 
Weighted-Average
Grant Date
Fair Value
January 28, 2017
 
299,770

 
52,200

 
351,970

 
334,570

 
$21.74
Granted (3)
 
2,980

 
45,371

 
48,351

 
33,378

 
27.84
Vested
 
46,851

 
(46,851
)
 

 
15,467

 
24.89
Settled
 
(10,356
)
 

 
(10,356
)
 
(10,356
)
 
26.68
February 3, 2018
 
339,245

 
50,720

 
389,965

 
373,059

 
$24.29
(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)
Total number of RSUs as of February 3, 2018 includes 210,759 RSUs payable in shares and 179,206 RSUs payable in cash.
(3)
Granted RSUs include 3,431 RSUs resulting from dividend equivalents paid on outstanding RSUs, of which 2,980 related to outstanding vested RSUs and 451 to outstanding nonvested RSUs.
[1],[2]
Schedule of Information about Restricted Stock Units Granted, Vested and Settled
RSUs granted, vested and settled during 2017, 2016 and 2015:

($ thousands, except per unit amounts)
 
2017

 
2016

 
2015

Weighted-average grant date fair value of RSUs granted (1)
 
$
27.93

 
$
21.95

 
$
31.54

Fair value of RSUs vested
 
$
1,349

 
$
1,086

 
$
1,049

RSUs settled
 
10,356

 
52,524

 
21,698

(1)
Includes dividend equivalents granted on outstanding RSUs, which vest immediately.
Schedule of Restricted Stock Units Compensation Expense
The following table details the RSU compensation expense and the related income tax benefit for 2017, 2016 and 2015:

($ thousands)
 
2017

 
2016

 
2015

Compensation expense
 
$
1,645

 
$
2,459

 
$
704

Income tax benefit
 
(620
)
 
(956
)
 
(276
)
Compensation expense, net of income tax benefit
 
$
1,025

 
$
1,503

 
$
428

[1] Granted RSUs include 3,431 RSUs resulting from dividend equivalents paid on outstanding RSUs, of which 2,980 related to outstanding vested RSUs and 451 to outstanding nonvested RSUs.
[2] Total number of RSUs as of February 3, 2018 includes 210,759 RSUs payable in shares and 179,206 RSUs payable in cash.