Share-Based Compensation (Tables)

3 Months Ended

May 05, 2013

Share-Based Compensation [Abstract]

Summary of Share Based Compensation Expense

Total share-based compensation expense (a component of selling, general and administrative expenses) is summarized as follows: 

		Thirteen Week Periods Ended
		May 5, 2013		April 29, 2012
Share-based compensation expense before income taxes	$	140		130
Income tax benefit		(53	)	(53	)
Share-based compensation expense net of income tax benefit	$	87		77
Effect on:
Basic earnings per share	$	0.03		0.02
Diluted earnings per share	$	0.03		0.02

Assumptions Used In Determining Fair Value of Options Granted and Summary of Methodology Applied to Develop Each Assumption

The fair value of each option grant is separately estimated.  The fair value of each option is amortized into share-based compensation on a straight-line basis over the requisite service period as discussed above.  We have estimated the fair value of all stock option awards as of the date of the grant by applying a modified Black-Scholes pricing valuation model.  The application of this valuation model involves assumptions that are judgmental and highly sensitive in the determination of share-based compensation, including expected stock price volatility.  The assumptions used in determining the fair value of options granted and a summary of the methodology applied to develop each assumption are as follows:

	Fiscal 2013 Ended			Thirteen Week Periods Ended
	February 3, 2013			May 5, 2013			April 29, 2012
Stock options granted		190,000			—			15,000
Weighted average exercise price	$	9.41		$	—		$	8.90
Weighted average grant date fair value (per share)	$	3.92		$	—		$	3.16
Expected price volatility		48.23	%		N/A	%		54.62	%
Risk-free interest rate		0.59	%		N/A	%		0.38	%
Weighted average expected lives in years		7.2			N/	A		4.8
Dividend yield		0.0	%		N/A	%		0.0	%