EQUITY INCENTIVE PLANS (Tables)

12 Months Ended

Jan. 28, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of company's stock-based compensation

The following represents total stock based compensation expense (a component of selling, general and administrative expenses) recognized in the consolidated financial statements (in thousands):

(in thousands)	2016		2015		2014
Stock option expense	$	939	$	251	$	862
Restricted stock expense		6,798		1,777		1,331
ESPP expense		232		234		240
Subtotal stock-based compensation		7,969		2,262		2,433
Other stock based compensation expense (1)		1,015		-		-
Total stock-based compensation	$	8,984	$	2,262	$	2,433
Income tax benefit on stock-based compensation	$	2,365	$	594	$	606

¹ Stock based compensation expense earned in fiscal year 2016, to be granted in fiscal year 2017 related to the retirement of the Company's former CEO, Jerry Shore.

Schedule of stock option weighted average assumptions

The fair value of each option granted is estimated on the date of grant using the BSM with the following weighted average assumptions:

Stock Options	2016			2015			2014
Expected volatility		33.7	%		30.5	%		35.2	%
Risk-free interest rate		1.6	%		1.8	%		1.9	%
Expected option life (in years)		5.84			5.84			5.84
Expected dividend yield		1.8	%		1.7	%		1.6	%
Weighted average fair value at grant date	$	3.61		$	4.32		$	4.79
Employee Stock Purchase Plan
Expected volatility		57.0	%		30.9	%		32.4	%
Risk-free interest rate		0.9	%		0.3	%		0.2	%
Expected option life (in years)		0.63			0.63			0.63
Expected dividend yield		1.0	%		1.0	%		1.1	%
Weighted average fair value at grant date	$	3.88		$	4.02		$	4.36

Schedule of stock option activity

The following table summarizes stock option activity from February 1, 2014 through January 28, 2017:

	Options			Weighted- Average Exercise Price		Weighted- Averaged Contractual Life (years)		Aggregate Intrinsic Value (000s)
Outstanding at February 1, 2014		1,142,429		$	12.63		3.0	$	5,539
Granted		122,000			15.78
Forfeited / Cancelled		(31,510	)		13.20
Exercised		(41,314	)		12.06
Repurchased and Cancelled 1		(245,052	)		10.61
Outstanding at January 31, 2015		946,553		$	13.56		3.4	$	2,954
Granted		424,607			16.34
Forfeited / Cancelled		(328,568	)		14.37
Exercised		(202,733	)		10.48
Outstanding at January 30, 2016		839,859		$	15.38		3.5	$	1,371
Granted		1,259,131			12.98
Forfeited / Cancelled		(476,434	)		15.26
Exercised		(14,900	)		13.82
Outstanding at January 28, 2017		1,607,656			13.55		6.0	$	2,070
Exercisable at January 28, 2017		134,807		$	15.81		4.1	$	15

¹ Shares represent options purchased and cancelled from Bruce Efird, former CEO, subsequent to the expiration of his employment agreement.

Schedule of other information relative to option activity

Other information relative to option activity during 2016, 2015 and 2014 is as follows:

(dollars in thousands)	2016		2015		2014
Total fair value of stock options vested	$	364	$	318	$	395
Total pretax intrinsic value of stock options exercised	$	85	$	1,333	$	253

Schedule of stock options outstanding and exercisable

The following table summarizes information about stock options outstanding at January 28, 2017:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Shares		Weighted- Averaged Contractual Life (years)		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
$  8.93 - $12.37		550,455		6.6	$	10.47		600	$	10.45
$12.56 - $14.68		550,681		5.9	$	14.34		39,554	$	13.89
$14.73 - $19.64		506,520		5.5	$	16.04		94,653	$	16.65
		1,607,656						134,807

Schedule of restricted stock activity

The following table summarizes restricted stock from February 1, 2014 through January 28, 2017:

	Shares			Weighted- Average Grant Date Fair Value
Non-vested Restricted Stock  at February 1, 2014		551,013		$	13.53
Granted		207,295			17.02
Forfeited / Cancelled		(94,729	)		13.76
Vested		(106,058	)		13.84
Non-vested Restricted Stock  at January 31, 2015		557,521		$	14.72
Granted		131,009			17.51
Forfeited / Cancelled		(103,759	)		14.13
Vested		(70,798	)		14.07
Non-vested Restricted Stock  at January 30, 2016		513,973		$	14.13
Granted		202,514			13.39
Forfeited / Cancelled		(40,188	)		14.35
Vested		(77,515	)		14.65
Non-vested Restricted Stock  at January 28, 2017		598,784		$	15.08