Stock Based Compensation

3 Months Ended

May 04, 2019

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement [Text Block]

Note 9. Stock Based Compensation

As of May 4, 2019, there was approximately $0.5 million of unrecognized compensation cost related to stock option awards comprised of the following: $0.4 million was related to stock option awards listed in the table below and expected to be recognized as expense over a weighted average period of 1.2 years; and $0.1 million was related to restricted stock option awards expected to be recognized as expense over a weighted average period of 3.4 years.

The Company has outstanding awards under three employee stock award plans, the 2005 Long Term Incentive and Share Award Plan, the Amended and Restated 2005 Long Term Incentive and Share Award Plan (the “Old Plans”); and the 2005 Long Term Incentive and Share Award Plan (as amended and restated April 5, 2017 (the “New Plan”). Collectively, these plans are referred to herein as the Stock Award Plans. Additionally, the Company had a stock award plan for non-employee directors (the “1990 Plan”). The Company no longer issues stock options under the Old Plans or the 1990 Plan.

Equity awards authorized for issuance under the New Plan total 5.0 million. As of May 4, 2019, of the awards authorized for issuance under the Stock Award Plans, 2.8 million were granted and are outstanding, 2.0 million of which were vested and exercisable. Shares available for future grants of options and other share based awards under the New Plan at May 4, 2019 were 4.4 million.

The following table summarizes stock award activity during the thirteen weeks ended May 4, 2019:

	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 February 2, 2019		2,778,414	$	2.75		5.8		271,411	$	1.68
Granted		-		-		-		-		-
Canceled		-		-		-		-		-
Exercised		-		-		-		-		-
Balance May 4, 2019		2,778,414	$	2.75		5.5		271,411	$	1.68
Exercisable May 4, 2019		2,017,164	$	3.02		4.5		132,661	$	2.77

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

As of May 4, 2019, all stock awards outstanding and exercisable had a grant price higher than the market price of the stock and had no intrinsic value.