Stock Option and Award Plans and Stock-Based Compensation (Tables)

12 Months Ended

Feb. 02, 2013

Non-Cash Stock Compensation Expense

Non-cash stock compensation expense during Fiscal 2012, Fiscal 2011 and Fiscal 2010 amounted to $2.7 million, $5.8 million and $2.2 million, respectively. The table below summarizes the types of stock compensation:

	(in thousands)
	Years Ended
Type of Non-Cash Stock Compensation (a)	February 2, 2013		January 28, 2012		January 29, 2011
Stock Option Compensation (b)		2,260		4,610		1,378
Restricted Stock Compensation (c)		487		1,187		852
Total	$	2,747	$	5,797	$	2,230

(a) Included in the line item “Selling and Administrative Expense” in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss).

(b) Results in expense net of tax of $1.4 million, $2.8 million and $0.8 million during Fiscal 2012, Fiscal 2011 and Fiscal 2010, respectively.

(c) Results in expense net of tax of $0.3 million, $0.7 million and $0.5 million during Fiscal 2012, Fiscal 2011 and Fiscal 2010, respectively.

Stock Option Transactions

Stock option transactions are summarized as follows:

	Number of Units			Weighted Average Exercise Price Per Unit
Options Outstanding January 30, 2010		478,500		$	123.70
Options Issued		82,000			120.00
Options Forfeited		(71,001	)		120.00
Options Outstanding January 29, 2011		489,499		$	123.62
Options Issued		94,500			72.12
Options Exercised		(60,549	)		33.97
Options Forfeited		(50,777	)		81.56
Options Outstanding January 28, 2012		472,673		$	69.86
Options Issued		59,000			83.16
Options Exercised		(73,940	)		30.60
Options Forfeited		(33,502	)		77.02
Options Outstanding February 2, 2013		424,231		$	76.56

Non-Vested Stock Option Unit Transactions

Non-vested stock option unit transactions during Fiscal 2012 are summarized below:

	Number of Units			Weighted Average Grant Date Fair Value Per Unit
Non-Vested Options Outstanding, January 28, 2012		290,464		$	34.12
Non-Vested Options Granted		59,000			41.60
Non-Vested Options Vested		(72,937	)		41.84
Non-Vested Options Forfeited		(21,070	)		43.25
Non-Vested Options Outstanding, February 2, 2013		255,457		$	33.70

Information about Options to Purchase Units

The following table summarizes information about the options to purchase units that were outstanding under the Plan as well as options that were exercisable under the Plan as of February 2, 2013:

	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding At February 2, 2013		Weighted Average Remaining Contractual Life (Years)		Number Exercisable at February 2, 2013		Weighted Average Remaining Contractual Life (Years)
$30.60		164,280		6.2		87,642		5.7
$50.00		54,000		8.5		—		—
$65.00		38,667		9.5		—		—
$120.00		46,333		8.9		—		—
$120.60		106,951		5.0		67,132		4.0
$270.00		14,000		0.1		14,000		0.1
		424,231				168,774

Stock Options Vested and Expected to Vest

The following table summarizes information about the stock options vested and expected to vest during the contractual term:

Exercise Prices	Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
Vested and Expected to Vest as of February 2, 2013
$30.60		136,741		6.1	$	30.60
$50.00		43,200		8.5	$	50.00
$65.00		30,933		9.5	$	65.00
$120.00		37,067		8.9	$	120.00
$120.60		93,677		4.8	$	120.60
$270.00		14,000		0.1	$	270.00
		355,618

Weighted Average Assumptions Used to Estimate Fair Value of Each Stock Option Granted

The fair value of each stock option granted was estimated using the following assumptions:

	Fiscal 2012		Fiscal 2011		Fiscal 2010
Risk-Free Interest Rate		1.0 – 1.3%		1.3 – 3.4%		1.8 – 3.4%
Expected Volatility		35.00%		31.10%		38.2%
Expected Life (years)		6.6		6.4 – 9.3		6.6 – 9.5
Contractual Life (years)		10.0		10.0		10.0
Expected Dividend Yield		0.0%		0.0%		0.0%
Weighted Average Grant Date Fair Value of Options Issued at an exercise price of:
$30.60		N/A	$	34.18		N/A
$50.00	$	28.14	$	27.06		N/A
$65.00	$	47.42		N/A		N/A
$90.00		N/A		N/A	$	49.80
$120.00	$	30.62	$	18.34		N/A
$120.60		N/A	$	20.39		N/A
$180.00		N/A		N/A	$	34.45

Award Grant, Vesting and Forfeiture

Award Grant, Vesting and Forfeiture transactions during Fiscal 2012 are summarized below:

	Number of Awards			Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding, January 28, 2012		28,122		$	45.96
Awards Granted		5,000			61.12
Awards Vested		(28,122	)		45.96
Non-Vested Awards Outstanding, February 2, 2013		5,000		$	61.12