Stock Options and Stock-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2015

Summary of Activity in Stock Option Plan

The following is a summary of activity in the Company’s stock option plan from February 1, 2014 through January 31, 2015:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
Outstanding as of February 1, 2014		5,166,566		$	10.00
Options granted		2,299,550		$	10.00
Options exercised		—			—
Options forfeited		(2,742,009	)	$	10.00
Options expired		(557,708	)	$	10.00
Outstanding as of January 31, 2015		4,166,399		$	10.00		4.9
Options vested and expected to vest as of January 31, 2015		3,831,450		$	10.00		4.8
Exercisable at end of period		1,927,152		$	10.00		4.3

Stock Options, Valuation Assumptions

For options granted during Fiscal 2014, Fiscal 2013 and Fiscal 2012, the fair value of each option was estimated on the date of grant using the Black-Scholes and Monte Carlo option pricing models with the following assumptions:

Time Options and BOGO Options (Black-Scholes)	Fiscal 2014		Fiscal 2013		Fiscal 2012
Expected dividend yield		0.00%		0.00%		0.00%
Weighted average expected stock price volatility		42.30%		54.01%		59.96%
Weighted average risk-free interest rate		0.99%		0.77%		0.70%
Range of risk-free interest rate		0.53% - 1.69%		0.63% - 1.61%		0.56% - 1.04%
Weighted average expected term (years)		3.44		4.70		4.92

Performance Options (Monte Carlo)	Fiscal 2014		Fiscal 2013		Fiscal 2012
Expected dividend yield		0.00%		0.00%		0.00%
Weighted average expected stock price volatility		53.18%		53.66%		54.19%
Weighted average risk-free interest rate		2.00%		1.07%		0.81%
Range of risk-free interest rate		1.80% - 2.00%		0.92% - 1.63%		0.53% - 1.56%
Weighted average expected term (years)		N/A		N/A		N/A