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EQUITY COMPENSATION PLANS (Tables)
12 Months Ended
Jan. 31, 2015
EQUITY COMPENSATION PLANS  
Schedule of options under the Stock Incentive Plan

                                                                                                                                                                                    

 

 

Fiscal Year 2014

 

 

 

Shares

 

Weighted Average
Exercise Price

 

Outstanding—beginning of year

 

 

1,658,471

 

$

8.67

 

Granted

 

 

1,234,447

 

 

8.02

 

Exercised

 

 

(255,023

)

 

3.73

 

Forfeited

 

 

(878,801

)

 

7.15

 

Expired

 

 

(212,818

)

 

13.11

 

​  

​  

Outstanding—end of year

 

 

1,546,276

 

 

9.22

 

​  

​  

Vested and expected to vest options—end of year

 

 

1,499,115

 

 

9.18

 

​  

​  

Options exercisable—end of year

 

 

921,422

 

 

8.28

 

​  

​  

 

Schedule of weighted average fair value at grant date and intrinsic value of options exercised

        The following table summarizes information about options during the last three fiscal years (dollars in thousands except per option):

                                                                                                                                                                                    

 

 

Fiscal 2014

 

Fiscal 2013

 

Fiscal 2012

 

Weighted average fair value at grant date per option

 

$

2.25 

 

$

5.11 

 

$

4.65 

 

Intrinsic value of options exercised

 

$

1,532 

 

$

1,059 

 

$

874 

 

 

Schedule of non-vested PSUs and RSUs

                                                                                                                                                                                    

 

 

Number of
PSUs

 

Number of
RSUs

 

Total

 

Weighted Average
Fair Value

 

Nonvested at February 1, 2014

 

 

675,513

 

 

149,945

 

 

825,458

 

$

10.68

 

Granted

 

 

367,102

 

 

337,111

 

 

704,213

 

 

8.03

 

Forfeited

 

 

(581,609

)

 

(45,604

)

 

(627,213

)

 

7.37

 

Vested

 

 

 

 

(142,942

)

 

(142,942

)

 

10.59

 

​  

​  

​  

​  

​  

​  

Nonvested at January 31, 2015

 

 

461,006

 

 

298,510

 

 

759,516

 

 

7.93

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of information about PSUs and RSUs

 

                                                                                                                                                                                    

(dollar amounts in thousands)

 

Fiscal 2014

 

Fiscal 2013

 

Fiscal 2012

 

Weighted average fair value at grant date per unit

 

$

8.03 

 

$

12.23 

 

$

9.48 

 

Fair value at vesting date

 

$

1,463 

 

$

758 

 

$

768 

 

Intrinsic value at conversion date

 

$

188 

 

$

525 

 

$

218 

 

Tax benefits realized from conversions

 

$

71 

 

$

197 

 

$

82 

 

 

Schedule of weighted-average assumptions

                                                                                                                                                                                    

 

 

Year ended

 

 

 

January 31,
2015

 

February 1,
2014

 

February 2,
2013

 

Dividend yield

 

 

%

 

%

 

%

Expected volatility

 

 

41 

%

 

53 

%

 

58 

%

Risk-free interest rate range:

 

 

 

 

 

 

 

 

 

 

High

 

 

1.5 

%

 

0.7 

%

 

0.6 

%

Low

 

 

0.1 

%

 

0.7 

%

 

0.5 

%

Ranges of expected lives in years

 

 

1 - 5

 

 

4 - 5

 

 

4 - 5