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Stockholders’ Equity (Tables)
12 Months Ended
Feb. 03, 2018
Stockholders’ Equity  
Investor’s participation interest purchased in the Cerberus Credit Facility

 

 

 

 

 

 

(Dollars in thousands)

 

Participation
Interest in Term
Loan

 

Stock
Warrant
Shares

Cove Street Capital, LLC, large stockholder

 

$

7,000

 

311,111

Jess Ravich, Director and large stockholder

 

 

4,400

 

195,556

Henry Stupp, Chief Executive Officer and Director

 

 

100

 

4,444

 

 

$

11,500

 

511,111

 

Summary Of Equity Financing Terms [Table Text Block]

 

 

 

 

 

 

 

 

 

    

 

    

Purchase Price

    

Stock

 

 

Shares

 

of Shares

 

Warrant

(Dollars in thousands)

 

Purchased

 

Purchased

 

Shares

Jess Ravich, Director and large stockholder

 

473,934

 

$

2,000

 

237,834

Robert Galvin, Chairman of the Board

 

23,697

 

 

100

 

5,924

Howard Siegel, President, Chief Operating Officer

 

23,697

 

 

100

 

 —

Cove Street Capital, LLC, large stockholder

 

236,967

 

 

1,000

 

59,241

Other Investors

 

189,575

 

 

800

 

23,696

 

 

947,870

 

 

4,000

 

326,695

 

Schedule of outstanding stock warrants

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

February 3, 2018

 

January 28, 2017

 

    

Outstanding

    

Exercise

    

Outstanding

    

Exercise

 

 

Stock Warrant

 

Price Per

 

Stock Warrant

 

Price Per

 

 

Shares

 

Share

 

Shares

 

Share

Unexercisable warrants issued to licensee

 

100,000

 

$

10.00

 

120,000

 

$

10.00

Exercisable warrants issued to licensee

 

20,000

 

 

10.00

 

 —

 

 

 —

Warrants issued in private placement

 

511,111

 

 

2.25

 

 —

 

 

 —

Warrants issued for term loan participation interests

 

326,695

 

 

4.22

 

 —

 

 

 —

 

 

977,806

 

$

3.81

 

120,000

 

$

10.00

 

Schedule of assumptions under the Black-Scholes option-pricing model for estimation of fair value of options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Year Ended

 

 

 

 

February 3, 2018

    

January 28, 2017

 

January 30, 2016

 

 

Expected dividend yield

 

 

 

 

 —

%  

 

 

 

 —

%  

 

 

 

 —

%

 

Expected volatility

 

39.8

 

to

58.9

 

39.4

 

to

42.6

 

29.8

 

to

29.9

 

 

Risk-free interest rate

 

1.9

%  

to

2.3

%  

1.0

%  

to

1.8

%  

1.3

%  

to

1.6

%

 

Expected life (in years)

 

4.8

 

to

4.9

 

3.5

 

to

4.8

 

4.6

 

to

4.9

 

 

Estimated forfeiture rate

 

 —

%  

to

10.0

%  

 —

%  

to

10.0

%  

 —

%  

to

10.0

%

 

 

Summary of activity for stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

Weighted

 

Contractual

 

Aggregate

 

 

 

 

 

Average

 

Term

 

Intrinsic

 

(Dollar amounts in thousands, except per share amounts)

    

Shares

    

Price

    

(in years)

    

Value

 

Outstanding, at February 1, 2015

 

1,185,767

 

$

15.89

 

3.5

 

$

2,910

 

Granted

 

335,000

 

$

22.79

 

 

 

 

 

 

Exercised

 

(261,097)

 

$

17.06

 

 

 

 

 

 

Canceled/forfeited

 

(146,667)

 

$

17.33

 

 

 

 

 

 

Outstanding, at January 30, 2016

 

1,113,003

 

$

17.50

 

4.1

 

$

1,339

 

Granted

 

142,000

 

$

11.29

 

 

 

 

 

 

Exercised

 

 —

 

$

 —

 

 

 

 

 

 

Canceled/forfeited

 

(162,501)

 

$

18.22

 

 

 

 

 

 

Outstanding, at January 28, 2017

 

1,092,502

 

$

16.59

 

3.7

 

 

 —

 

Granted

 

143,000

 

$

3.61

 

 

 

 

 

 

Exercised

 

 —

 

$

 —

 

 

 

 

 

 

Canceled/forfeited

 

(860,168)

 

$

17.05

 

 

 

 

 

 

Outstanding, at February 3, 2018

 

375,334

 

$

10.60

 

4.2

 

 

 —

 

Vested and Exercisable at February 3, 2018

 

241,666

 

$

14.23

 

2.2

 

 

 —

 

 

Summary of information about restricted stock and performance stock units activity

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average

 

 

Number of

 

Grant-Date

 

    

Shares

    

Fair Value

Unvested stock at February 1, 2015

 

76,936

 

$

13.02

Granted

 

166,000

 

 

22.71

Vested

 

(27,435)

 

 

15.74

Forfeited

 

(19,001)

 

 

4.27

Unvested stock at January 30, 2016

 

196,500

 

$

21.67

Granted

 

31,500

 

 

10.08

Vested

 

(65,831)

 

 

21.10

Forfeited

 

(5,000)

 

 

17.81

Unvested stock at January 28, 2017

 

157,169

 

$

19.71

Granted

 

185,951

 

 

2.23

Vested

 

(101,468)

 

 

13.69

Forfeited

 

(28,667)

 

 

17.31

Unvested stock at February 3, 2018

 

212,985

 

$

7.63