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STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Aug. 04, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of company's stock-based compensation

A summary of the Company’s stock-based compensation (a component of selling, general and administrative expenses) and related income tax benefit is as follows:

 

 

    Thirteen Weeks Ended     Twenty Six Weeks  
(in thousands)   August 4, 2018     July 29, 2017     August 4, 2018     July 29, 2017  
Continuing Operations                                
Stock option expense   $ 239     $ 382     $ 494     $ 865  
Restricted stock expense     759       1,427       1,750       1,966  
ESPP expense     —       93       —       185  
Total stock-based compensation   $ 998     $ 1,902     $ 2,244     $ 3,016  
                                 
Income tax benefit on stock-based compensation   $ 12     $ 538     $ 27     $ 777  

 

    Thirteen Weeks Ended     Twenty Six Weeks  
(in thousands)     August 4, 2018       July 29, 2017       August 4, 2018       July 29, 2017  
Discontinued Operations                                
Stock option expense   $ 15     $ 60     $ 35     $ 104  
Restricted stock expense     12       21       25       48  
Total stock-based compensation   $ 27     $ 81     $ 60     $ 152  
                                 
Income tax benefit on stock-based compensation   $ —     $ —     $ —     $ 14  
Schedule of stock option granted using the Black-Scholes option-pricing model

The fair value of each option granted during the thirteen and twenty-six week periods ended August 4, 2018 and July 29, 2017 is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

    Thirteen Weeks Ended     Twenty Six Weeks Ended  
Continuing Operations   August 4, 2018     July 29, 2017     August 4, 2018     July 29, 2017  
Stock Options                                
Expected volatility     0.0 %     44.1 %     0.0 %     41.3 %
Risk-free interest rate     0.0 %     2.0 %     0.0 %     2.1 %
Expected option life (in years)     0       5.84       0       5.84  
Expected dividend yield     0.00 %     1.88 %     0.00 %     1.86 %
                                 
Weighted average fair value at grant date   $ —     $ 4.92     $ —     $ 4.28  

 

    Thirteen Weeks Ended     Twenty Six Weeks Ended  
Discontinued Operations   August 4, 2018     July 29, 2017     August 4, 2018     July 29, 2017  
Stock Options                                
Expected volatility     0.0 %     43.1 %     0.0 %     43.1 %
Risk-free interest rate     0.0 %     2.2 %     0.0 %     2.2 %
Expected option life (in years)     0       5.84       0       5.84  
Expected dividend yield     0.00 %     1.85 %     0.00 %     1.85 %
                                 
Weighted average fair value at grant date   $ —     $ 5.30     $ —     $ 4.89  

 

    Thirteen Weeks Ended     Twenty Six Weeks Ended  
    August 4, 2018     July 29, 2017     August 4, 2018     July 29, 2017  
                         
Employee Stock Purchase Plan                                
Expected volatility     0.0 %     98.8 %     0.0 %     80.3 %
Risk-free interest rate     0.0 %     1.0 %     0.0 %     1.0 %
Expected option life (in years)     0.00       0.50       0.00       0.38  
Expected dividend yield     0.00 %     0.78 %     0.00 %     0.59 %
                                 
Weighted average fair value at grant date   $ —     $ 7.67     $ —     $ 6.31  

 
Schedule of stock option activity

The following table summarizes stock option activity during the twenty-six weeks ended August 4, 2018: 

 

Continuing Operations   Options     Weighted-
Average
Exercise Price		     Weighted-Average Contractual Life
(years)		     Aggregate
Intrinsic Value
(000s)		  
                         
Outstanding at February 3, 2018     1,171,825     $ 13.12       5.1     $ —  
Granted     —       —                  
Cancelled     (509,474 )     12.27                  
Exercised     —       —                  
Outstanding at August 4, 2018     662,351     $ 13.77       4.7       —  
                                 
Exercisable at August 4, 2018     450,611     $ 14.66       4.5       —  

  

Discontinued Operations   Options     Weighted-
Average
Exercise Price		     Weighted-Average Contractual Life
(years)		     Aggregate
Intrinsic Value
(000s)		  
                         
Outstanding at February 3, 2018     167,375     $ 14.23       5.4     $ —  
Granted     —       —                  
Cancelled     (158,984 )     14.17                  
Exercised     —       —                  
Outstanding at August 4, 2018     8,391     $ 15.44       4.7       —  
                                 
Exercisable at August 4, 2018     3,356     $ 15.44       4.5       —  
Schedule of restricted stock activity

The following table summarizes restricted stock activity during the twenty-six weeks ended August 4, 2018: 

 

Continuing Operations   Number of
Shares		     Weighted-
Average Grant
Date Fair Value		  
             
Non-vested Restricted Stock at February 3, 2018     653,895     $ 10.14  
Granted     222,836       2.74  
Forfeited / Cancelled     (109,400 )     10.69  
Vested     (370,392 )     7.54  
Non-vested Restricted Stock at August 4, 2018     396,939     $ 7.59  

 

Discontinued Operations     Number of
Shares		       Weighted-
Average Grant
Date Fair Value		  
                 
Non-vested Restricted Stock at February 3, 2018     11,194     $ 15.35  
Granted     —       —  
Forfeited / Cancelled     (8,862 )     15.35  
Vested     (2,332 )     15.44  
Non-vested Restricted Stock at August 4, 2018     —     $ —