Stock Based Compensation

3 Months Ended

Apr. 29, 2017

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

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

Note 10. Stock Based Compensation

As of April 29, 2017, there was approximately $845 thousand of unrecognized compensation cost related to stock awards that is expected to be recognized as expense over a weighted average period of 2.5 years.

As of April 29, 2017, stock awards authorized for issuance under the Company’s current long term equity incentive plans totaled 8.0 million shares. There are certain authorized stock awards for which the Company no longer grants awards. Of these awards authorized for issuance, 2.6 million shares were granted and are outstanding, 1.3 million shares of which were vested and exercisable. Awards available for future grants at April 29, 2017 were 1.1 million shares.

The following table summarizes stock award activity during the thirteen weeks ended April 29, 2017:

	Employee and Director Stock Award Plans
	Number of Shares Subject To Option			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Other Share Awards (1)		Weighted Average Grant Fair Value
Balance January 28, 2017		2,459,564		$	3.58		7.3		170,927	$	3.87
Granted		—			—		—		—		—
Canceled		(24,250	)		3.74		—		—		—
Exercised		—			—		—		—		—
Balance April 29, 2017		2,435,314		$	3.58		7.1		170,927	$	3.87
Exercisable April 29, 2017		1,188,064		$	3.51		5.4		63,427	$	4.50

(1) Other Share Awards include deferred shares granted to Directors and restricted share units granted to executive officers.

As of April 29, 2017, the intrinsic value of stock awards outstanding and exercisable was approximately $12 thousand.

In connection with the acquisition of etailz, the Company issued 1,572,552 restricted shares of Company stock to a key etailz employee, with a grant date fair value of $3.56 per share. These shares vest ratably through January 2019. As of April 29, 2017, the Company recognized $622 thousand of compensation cost related to these shares. As of April 29, 2017, there was approximately $4.8 million of unrecognized compensation cost related to these restricted shares that is expected to be recognized as expense over the next 21 months.