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Share-Based Compensation (Tables)
 9 Months Ended
Oct. 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:

 

     Three Months Ended      Nine Months Ended  
(In thousands)    October 28,
2017		      October 29,
2016		      October 28,
2017		      October 29,
2016		  

Stock Options

    $ 105      $ 85      $ 316      $ 253  

Restricted Stock Awards and Restricted Stock Units

      436        96        800        468  

Employee Stock Purchase Plan

      3        4        9        10  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 544      $ 185      $ 1,125      $ 731  
  

 

 

     

 

 

     

 

 

     

 

 

  
Fair Value of Stock Options Granted

The fair value of stock options granted during the nine months ended October 28, 2017 and October 29, 2016 was estimated using the following weighted average assumptions:

 

     Nine Months Ended  
     October 28,
2017		     October 29,
2016		  

Risk Free Interest Rate

      1.7 %      1.4 % 

Expected Volatility

      37.9 %      28.3 % 

Expected Life (in years)

      8.0       5.0  

Expected Dividend Yield

      2.2 %      1.9 % 
Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the plans for the nine months ended October 28, 2017, is summarized below:

 

     Number of
Options		      Weighted Average
Exercise Price		  

Outstanding at January 31, 2017

      685,456      $ 11.96  

Granted

      132,189        13.45  

Exercised

      (66,550 )       10.60  

Forfeited

      (18,750 )       14.49  

Canceled

      (24,600 )       11.76  
  

 

 

     

 

 

  

Outstanding at October 28, 2017

      707,745      $ 12.31  
  

 

 

     

 

 

  
Summary of Options Outstanding

Set forth below is a summary of options outstanding at October 28, 2017:

 

Outstanding

      Exercisable  

Range of

Exercise prices

    Number
of
Shares		      Weighted-
Average
Exercise
Price		      Weighted-
Average
Remaining
Contractual Life		      Number
of
Shares		      Weighted-
Average
Exercise
Price		      Weighted
Average
Remaining
Contractual
Life		  

$5.00-10.00

      171,631      $ 7.84        3.2        171,631      $ 7.84        3.2  

$10.01-15.00

      486,114      $ 13.61        7.7        261,325      $ 13.48        6.9  

$15.01-20.00

      50,000      $ 15.01        8.4        12,500      $ 15.01        8.3  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
     707,745      $ 12.31        6.6        445,456      $ 11.35        5.5  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan for the nine months ended October 28, 2017 is summarized below:

 

     RSAs & RSUs      Weighted Average
Grant Date Fair Value		  

Unvested at January 31, 2017

      213,868      $ 14.08  

Granted

      21,295        14.22  

Vested

      (49,935 )       14.36  

Forfeited

      (9,087 )       14.05  
  

 

 

     

 

 

  

Unvested at October 28, 2017

      176,141      $ 14.02